FY2022 Consolidated Financial Results [IFRS](April 1, 2021 through March 31, 2022)
April 28, 2022
This translation may be used only for reference purposes. This English version is a summary of the original Japanese document. In cases where

any differences occur between the English version and the original Japanese version, the Japanese version shall prevail. AISIN CORPORATION
shall accept no responsibility or liability for damage or loss caused by any error, inaccuracy, or misunderstanding with regard to this translation.
Company Name AISIN CORPORATION

Listed on

The Tokyo and Nagoya Stock Exchanges

Code Number

7259

URL

https://www.aisin.com/en

Representative

Moritaka Yoshida , President

Contact person

Yoshio Uchiyama, General Manager Finance & Accounting Dept.

TEL+81-566-24-8265

Scheduled date of the annual regular general meeting of shareholders：June 17, 2022
The expected date of dividends payment：May 30, 2022
Scheduled filing date for reporting on EDINET：June 20, 2022
Additional documents to supplement financial results：Yes (Japanese only)
IR presentation：Yes (For analysts and professional investors)

1.Consolidated Results for FY2022 (Apr. 1, 2021 through Mar. 31, 2022)(Amounts less than million yen are rounded down)(1) Consolidated Financial Results(Percent shows changes against previous Fiscal Year)
Operating profit

Revenue
Million Yen

FY2022
FY2021%Million Yen

3,917,434 11.1
3,525,799 -6.8

(Reference) Equity Income

Profit for the period

Profit for the period
attributableto owners of the parent

Million Yen

Million Yen

Million Yen%

182,011 25.2
145,332 158.9

Basic earnings per share

FY2022
FY2021

Profit before income
taxes%

219,983 31.3
167,523 213.7

Diluted earnings per
share

%

157,011 42.6
110,113 272.8

Ratio of profit for theperiod to equity
attributable toowners of the parent

Comprehensive
incomefor the period%

Million Yen

141,941 34.4
105,638 339.0

Ratio of profit before
income taxes to total
assets%296,189 4.2
284,369 960.7

Ratio of operating
profit to revenue

Yen

Yen

%

%

%

526.66391.96526.66391.96

8.6
7.5

5.3
4.2

4.6
4.1

Ratio of equity attributableto owners of the parent

Equity attributableto owners of the parent
per share

FY2022

11,262Million Yen

9,855Million Yen

FY2021(2) Consolidated Financial Position
Total Assets

FY2022
FY2021Equity attributable toowners of the parent

Total equity

Million Yen

Million Yen

Million Yen%

Yen

4,205,801
4,027,103

1,996,508
1,758,609

1,756,516
1,535,512

41.8
38.1

6,517.34
5,697.30(3) Consolidated Cash Flows
From operating
activities
FY2022
FY2021

From investing
activities

Cash and cash equivalents
at the end of FY

From financing
activities

Million Yen

Million Yen

Million Yen

Million Yen

193,343
343,314-204,952-138,175-135,859-373,880

386,906
520,028

2.Cash Dividends
Annual Cash Dividends Per ShareDividends total
1st quarter2nd quarter3rd quarter

4th quarter

FY Total

Dividends
Payout Ratio

Ratio of equity
attributable toowners of theparent

Yen

Yen

Yen

Yen

Yen

Million Yen%%

FY2021
FY2022

－
－

20.00
70.00

－
－

100.00100.00120.00170.0032,34145,817

30.6
32.3

2.3
2.8

FY2023(Forecast)

－

－

－

－

－

(Note) Dividend forecast for FY2023 has not been determined at this point.

- 1 -

－

3.Consolidated forecast for FY2023 (Apr. 1, 2022 through Mar. 31, 2023)(Percent shows changes against corresponding figures for the previous period)
Revenue

Full year

Operating profit

Million Yen%

Million Yen%

4,450,000

13.6

190,000

4.4

Profit before income
taxesMillion Yen%
205,000

Profit attributable toowners of parent
Million Yen%-6.8

125,000

Earnings per share
Yen

-11.9

463.804.Others(1) Changes in significant subsidiaries：Yes
Consolidation scope
Consolidated (New)：None
Eliminated：AISIN AW Co., Ltd.
：AW NORTH AMERICA, INC.
：AISIN AI BRASIL INDUSTRIA AUTOMOTIVA LTDA.
：AW EUROPE S.A.

AISIN AW Co., Ltd., AW NORTH AMERICA, INC., AISIN AI BRASIL INDUSTRIA AUTOMOTIVA LTDA. and AW EUROPE S.A. were merged
into the Company, AISIN HOLDINGS OF AMERICA, INC., AISIN AUTOMOTIVE LTDA. and AISIN EUROPE S.A. respectively.
(2) Changes in accounting policies and accounting estimation① Changes in accounting policies required by IFRS：Yes② Other changes：None③ Changes in accounting estimation：None(Note) For more information, please refer to (Changes in accounting policies) on page 9.
(3) Number of outstanding shares (common stocks)① Number of shares issued including treasury stock as of therespective balance sheet date
Number of treasury stock as of the respective balance② sheet date
③ Average number of common stocks

FY2022

294,674,634 shares

FY2021

294,674,634 shares

FY2022

25,160,248 shares

FY2021

25,158,700 shares

FY2022

269,515,099 shares

FY2021

269,513,278 shares- 2 -(Reference) Stand Alone Results for FY2022 (Apr. 1, 2021 through Mar. 31, 2022)(1) Stand Alone Financial Results(Percent indications show the percentage of changes against last Fiscal year)
Revenue
FY2022
FY2021

Ordinary profit

Operating profit

Profit for the period

Million Yen%

Million Yen%

Million Yen%

Million Yen%

2,187,648
762,791

186.8
-10.7

68,661
18,685267.5
3.2

135,033
49,381173.4
0.9

335,465
40,973

718.7-7.5

Earnings per share
FY2022
FY2021

Diluted earnings per share
Yen

Yen

1,244.70
152.03

1,244.70
152.03(2) Stand Alone Financial Position
Total equity

Total Assets
FY2022
FY2021

Tangible net worth ratio

Net worth per share

Million Yen

Million Yen%

Yen

2,625,196
1,994,113

997,020652,30238.0
32.7

3,699.32
2,420.27(Reference) Tangible net worth
FY2022
997,020Million Yen
FY2021
652,302Million Yen(Note) The numbers shown on Stand Alone Financial Results are based on Japanese Standard.

(Note) Revenue and profit of FY2022 increased compared to FY2021 due to the merger of AISIN AW Co., Ltd.
※ This report is exempt from the audit procedure by certified public accountant or audit firm.
※ Explanation regarding the appropriate use of forecasts, and other additional information
1. The forecasts included in this document are based on information that the Company has obtained at the time of this disclosure and certain

assumptions that the Company considers reasonable. The Company does not guarantee the predicted outcome of the forecasts.
Actual results may differ significantly from the forecast due to a variety of factors, such as exchange rates and conditions of the global market.
2. The Company is scheduled to hold the earnings briefing for analysts and professional investors on April 28, 2022. The presentation materials
for the earnings briefing will be posted on its website promptly following the presentation.

- 3 -5. Consolidated Financial Statements(1) Consolidated Statements of Financial Position(Million Yen)FY2021(As of Mar. 31, 2021)

FY2022(As of Mar. 31, 2022)

AssetsCurrent assets
Cash and cash equivalents
Trade and other receivables
Other financial assets
Inventories
Other current assets
Total current assets

520,028
616,11265,250379,925
63,332386,906
635,728
67,305568,866
73,365

1,644,648

1,732,172

1,437,669
40,836

1,468,607
45,745Right-of-use assets
Investments accounted for using the equity method
Other financial assets

54,512120,258
565,70259,843
132,211
663,659

Deferred tax assets
Other non-current assets
Total non-current assets

138,756
24,71875,092
28,4682,382,454

2,473,629

4,027,103

4,205,801

Current liabilities
Trade and other payables

804,849

828,524

Bonds and loans payable
Lease liabilities

103,886
15,911

111,759
21,544

Other financial liabilities

32,711

7,563

Provisions
Income tax payables

28,26636,75132,792
26,296

Non-current assets
Property, plant and equipment
Intangible assets

Total assets
Liabilities and equity
Liabilities

Other current liabilities

37,37942,511

Total current liabilities

1,059,755

1,070,993

Non-current liabilities
Bonds and loans payable

821,190

770,910

Lease liabilities
Other financial liabilities

35,031
8,437

40,094
16,790Retirement benefit liabilities
Provisions
Deferred tax liabilities

222,050
2,224
105,310221,319
2,320
70,554

Other non-current liabilities

14,49416,308

Total non-current liabilities
Total liabilities

1,208,739
2,268,494

1,138,299
2,209,292

Capital stock
Capital surplus

45,04976,21045,04976,282

Treasury stock-115,717-115,723

Other components of equity
Retained earnings

217,568
1,312,400

330,324
1,420,583

Equity attributable to owners of the parent company

1,535,512
223,096

1,756,516
239,992

1,758,609

1,996,508

4,027,103

4,205,801

EquityNon-controlling interests
Total equity
Total liabilities and equity- 4 -(2) Consolidated Statements of Income / Consolidated Statements of Comprehensive Income(Consolidated Statements of Income)(Million Yen)FY2021(Apr. 1, 2020 throughMar. 31, 2021)
Revenue
Cost of revenue
Gross profit

3,525,799-3,121,266

Selling, general and administrative expenses
Other income
Other expenses
Operating profit

FY2022(Apr. 1, 2021 throughMar. 31, 2022)
3,917,434-3,468,942

404,532

448,492-270,756
32,309-20,752-292,484
35,896-9,893

145,332

182,011

Finance income
Finance expenses
Equity in earnings of affiliates

24,491-12,157
9,855

37,517-10,807
11,262

Profit before income taxes
Income tax expenses

167,523-57,409219,983-62,971

Profit for the period

110,113

157,011

105,638

141,941

Profit for the period attributable to:
Owners of the parent
Non-controlling interests
Total
Earnings per share
Basic earnings per share (Yen)
Diluted earnings per share (Yen)

4,474

15,070110,113

157,011391.96391.96526.66526.66(Consolidated Statements of Comprehensive Income)(Million Yen)FY2021(Apr. 1, 2020 throughMar. 31, 2021)

FY2022(Apr. 1, 2021 throughMar. 31, 2022)

Profit for the period
Other comprehensive income
Items that will not be reclassified to profit or loss

110,113

157,011

Remeasurements of defined benefit plans

23,111

11,951

Net changes in revaluation of financial assets measured at fair value throughother comprehensive income

116,465

67,184

Share of other comprehensive income of associates accounted for using theequity method-1,367-0

138,209

79,135

-354

32

Total
Items that may be reclassified subsequently to profit or loss
Net changes in revaluation of financial assets measured at fair value throughother comprehensive income
Cash flow hedges

361

231

Exchange differences on translating foreign operations

34,63056,205

Share of other comprehensive income of associates accounted for using theequity method

1,408

3,573

Total
Other comprehensive income total
Comprehensive income for the period

36,045
174,255
284,369

60,042
139,177
296,189

Comprehensive income for the period attributable to:
Owners of the parent
Non-controlling interests

267,691
16,678

266,744
29,444284,369

296,189

Total

- 5 -

(3) Consolidated Statements of Changes in Equity

FY2021 (Apr. 1, 2020 through Mar. 31, 2021)(Million Yen)
Equity attributable to owners of the parent
Other components of equity

Capitalstock

Balance as of April 1, 2020
Profit for the period

Capitalsurplus

Net changes inrevaluation of
Remeasurefinancial assets
ments
measured atof defined
fair value
benefitthrough otherplans
comprehensive
incomeTreasury
stock

Cash
flow
hedgesExchangedifferencesontranslationof foreign
operations

Total

45,049－67,070－-115,770－－

146,983－-839－-67,792－

78,351－Other comprehensive income(loss)－－－

21,431

114,179

348

26,093

162,052

Comprehensive income for theperiod－－－21,431

114,179

348

26,093

162,052

－
－
－

－
-18
－

-3
57
－

－
－
－

－
－
－

－
－
－

－
－
－

－
－
－

Changes in the ownership interestin subsidiaries

－

9,159

－

22

－

－

－

22

Transfer from other componentsof equity to retained earnings

－

－

－

-21,453-1,403－－-22,857-21,431－-1,403－－-22,834

259,759-491-41,698

217,568

Acquisition of treasury stock
Disposal of treasury stock
Dividends

Total transactions with owners
Balance as of Mar. 31, 2021

－

9,140

53

45,04976,210-115,717－

Equity attributable to owners of the parent
Non-controlling interests

Retainedearnings
Balance as of April 1, 2020
Profit for the period

Total equity

Total

1,205,465

1,280,165

515,529

1,795,695

105,638

105,638

4,474

110,113

Other comprehensive income(loss)－

162,052

12,203

174,255

Comprehensive income for theperiod105,638

267,691

16,678284,369－－-21,560-3
38-21,560－
1-3,481-3
40-25,041－

9,181-305,632-296,450

22,857

－

－

－

1,296
1,312,400-12,343
1,535,512-309,111
223,096-321,455
1,758,609

Acquisition of treasury stock
Disposal of treasury stock
Dividends
Changes in the ownership interestin subsidiaries
Transfer from other componentsof equity to retained earnings
Total transactions with owners
Balance as of Mar. 31, 2021

- 6 -

FY2022 (Apr. 1, 2021 through Mar. 31, 2022)(Million Yen)
Equity attributable to owners of the parent
Other components of equity

Capitalstock

Balance as of April 1, 2021
Profit for the period

Capitalsurplus

Net changes inrevaluation of
Remeasurefinancial assets
ments
measured atof defined
fair value
benefitthrough otherplans
comprehensive
incomeTreasury
stock

Cash
flow
hedgesExchangedifferencesontranslationof foreign
operations

Total

45,049－76,210－-115,717－－－

259,759－-491－-41,698－

217,568－

Other comprehensive income(loss)－－－

11,042

66,739238

46,783

124,803

Comprehensive income for theperiod－－－11,042

66,739238

46,783

124,803

Acquisition of treasury stock
Disposal of treasury stock

－
－

－
－

-6
－

－
－

－
－

－
－

－
－

－
－

Dividends

－

－

－

－

－

－

－

－

Changes in the ownership interestin subsidiaries

－

71

－

11

－

－

－

11

Transfer from other componentsof equity to retained earnings

－

－

－

-11,054-1,004－－-12,058－

71
76,282-6-115,723-11,042－-1,004
325,493

－

－

-253

5,084

-12,047
330,324

Total transactions with owners
Balance as of Mar. 31, 2022

45,049Equity attributable to owners of the parent
Non-controlling interests

Retainedearnings
Balance as of April 1, 2021
Profit for the period

Total equity

Total

1,312,400

1,535,512

223,096

1,758,609

141,941

141,941

15,070157,011

Other comprehensive income(loss)－

124,803

14,374

139,177

Comprehensive income for theperiod141,941

266,744

29,444

296,189

Acquisition of treasury stock
Disposal of treasury stock

－
－

-6
－

－
－

-6
－

-45,817-45,817-12,588-58,406

－

83

40

123

12,058－－－-33,758
1,420,583-45,741
1,756,516-12,548
239,992-58,289
1,996,508

Dividends
Changes in the ownership interestin subsidiaries
Transfer from other componentsof equity to retained earnings
Total transactions with owners
Balance as of Mar. 31, 2022

- 7 -

(4) Consolidated Statements of Cash Flows(Million Yen)FY2021(Apr. 1, 2020 throughMar. 31, 2021)
Net cash provided by (used in) operating activities
Profit before income tax
Depreciation and amortization
Decrease (increase) in trade and other receivables
Decrease (increase) in inventories
Increase (decrease) in trade and other payables
Other, net
SubtotalInterest income received
Dividends income received
Interest expenses paid
Income taxes (paid) refund
Net cash provided by (used in) operating activities
Net cash provided by (used in) investing activities
Decrease (increase) in time deposits

FY2022(Apr. 1, 2021 throughMar. 31, 2022)

167,523
253,459-62,590
2,918

219,983
258,619
22,746-159,615

9,291
8,898

-36,160-42,291

379,501
2,984

263,282
3,170

13,815-11,312-41,673

14,980-9,394-78,694

343,314

193,343

45,432-1,618-200,313
12,773-15,010-217,783
10,089-16,252

Purchase of investment securities
Proceeds from sales and redemption of investment securities-7,34719,024-5,53814,061

Proceeds from collection of lease receivables
Other, net

9,728-2,463

10,911
1,177

Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities-138,175-204,952

Increase (decrease) in short-term bank loans and commercial papers
Proceeds from long-term loans payable-8,755
108,632

1,206
10,762

Repayment of long-term loans payable
Redemption of bonds-111,444-20,000-51,528-17,000

Repayment of lease payables-21,144

Expense of acquisition repurchased stock of consolidated subsidiary-296,962-21,748－

Cash dividends paid

-21,571-45,817-3,481
845-12,588854-373,880
13,606-135,859
14,346

Cash and cash equivalents at beginning of period-155,134
675,162-133,122
520,028

Cash and cash equivalents at end of period

520,028

386,906

Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets

Cash dividends paid to non-controlling interests
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents- 8 -(5) Notes to the Consolidated Financial Statements(Going concern assumption)
None(Changes in accounting policies)
Beginning from the fiscal year 2022, the company has adopted "Phase 2 amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 that
address issues that arise during the reform of an interest rate benchmark".
The company can reflect the transition to alternative interest rate indicators without giving accounting impact on users of financial statements(Segments information)

1. General information regarding reportable segments
The reportable segments of the Group are components for which financial information is available and whose operating results are periodicallyreviewed by the Board of Directors to make decisions about allocation of resources and to assess performance.
We devise strategies, policies and goals for maximizing sustainable business value for the entire Group by meeting diverse needs near major
automobile manufacturers around the world, and developing, producing, and selling high value-added products. We have assigned officers incharge of each region to supervise the devising of comprehensive strategies in the regions. In addition, the Group mainly manufactures and sells
automobile parts, etc., and each company is conducting business activities by devising comprehensive strategies as independent management
units in each region.
Therefore, the Group consists of segments by location of the company based on the manufacture and sale of automobile parts, etc., and set four
reportable segments: "Japan", "North America", "Europe", and "China". Therefore, reportable segments and its product and service are as follows.
Product and service

Segment
Japan

Overall automotive parts

Energy solution related products etc.

North America

Overall automotive parts

EuropeOverall automotive parts

China

Overall automotive parts(Change in reportable segment classification)
Before FY2021, the Group set “sub-consolidated group” as the reportable segment. However, on April 1, 2021, the Company merged Aisin AW
Co., Ltd., and sifted to group management, so that we have changed to the reportable segments by location of the company based on the
manufacture and sale of automobile parts from the reportable segments by “sub-consolidated group”.
In order to devise strategies, policies and goals for maximizing sustainable business value for the entire Group, we engage in business under amatrix organization encompassing regional categories centered on each regional headquarters and “Business Company” categories. In order toforecast business performance and evaluate business performance appropriately, the economic conditions and business operations of eachregion have a large impact on the business performance of the Group. So the officer in charge of each region and the regional headquarters
carry out comprehensive strategy planning and monitoring.
Taking into consideration the system of regular performance evaluation and available separate financial information, etc., we changed thereportable segment by company location based on the manufacture and sale of automobile parts from FY2022.
The segment information for the previous consolidated fiscal year is disclosed based on the classification of the reportable segment after theabove segment change.

- 9 -2. Revenue and profit by reportable segments

FY2021(Apr. 1, 2020 through Mar. 31, 2021)(Million Yen)
Reportable Segments
North
AmericaJapan
Revenue(1) Revenue from third
parties(2) Inter-segment

Total

Europe

China

Total

OthersAdjustments

Total

2,033,699

508,354

341,416

378,877

3,262,346

263,452－3,525,799

533,438

11,466

10,384

10,802566,092

20,481-586,573－

2,567,137

519,820

351,800

389,679

3,828,438

283,933-586,573

3,525,799

104,871-4,217

5,134

27,670133,459

15,252-3,379145,332

Segment profit (loss)
Finance income

24,491

Finance expenses-12,157

Equity in earnings of affiliates

9,855

Profit before income taxes

167,523(Note1) Others include omitted non-core regions that manufacture and sell automotive parts, such as Thailand and Indonesia.
(Note2) Inter-segment revenue is based on transaction price negotiated each year in consideration of market price and total cost.
(Note3) Segment profit is based on Operating profit.

FY2022(Apr. 1, 2021 through Mar. 31, 2022)(Million Yen)
Reportable Segments
Japan
Revenue(1) Revenue fromthird parties(2) Inter-segment

Total
Segment profit (loss)

2,172,137

North
America

585,732

Europe

China

Total

456,957

3,547,140

332,313

OthersAdjustments

370,294－

Total

3,917,434

680,272

12,406

9,734

12,796715,210

28,396-743,606－

2,852,410

598,139

342,047

469,753

4,262,351

398,690-743,606

3,917,434

116,522-16,6225,106

34,989139,996

48,865-6,850

182,011

Finance income

37,517

Finance expenses-10,807

Equity in earnings of affiliates

11,262

Profit before income taxes

219,983(Note1) Others include omitted non-core regions that manufacture and sell automotive parts, such as Thailand and Indonesia.
(Note2) Inter-segment revenue is based on transaction price negotiated each year in consideration of market price and total cost.
(Note3) Segment profit is based on Operating profit.

- 10 -

(Amounts per share)

Basic earnings per share and Diluted earnings per share are based on information below.
FY2021(Apr. 1, 2020 throughMar. 31, 2021)

FY2022(Apr. 1, 2021 throughMar. 31, 2022)

Basic standards related to basic earnings per share
Profit for the period attributable to owners of the parent(Million Yen)
Profit for the period non-attributable to commonshareholders (Million Yen)
Profit for the period related to Basic earnings per share(Million Yen)
Average number of common stocks (Thousand shares)
Basic earnings per share (Yen)105,638

141,941－－

105,638

141,941

269,513

269,515391.96526.66105,638

141,941－－

105,638

141,941

269,513

269,515－－

269,513

269,515391.96526.66

Basic standards related to diluted earnings per share
Profit for the period attributable to owners of the parent(Million Yen)
Adjustments to Profit for the period (Million Yen)
Profit for the period related to diluted earnings per share(Million Yen)
Average number of common stocks (Thousand shares)
Increase in number of common stocks by issuing restricted
stock (Thousand shares)
Diluted Average number of common stocks (Thousand
shares)Diluted earnings per share (Yen)(Material Subsequent Events)
None- 11 -