FY2019 Consolidated Financial Results [IFRS](April 1, 2018 through March 31, 2019)
April 26, 2019
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 Seiki Co.,Ltd. shallaccept no responsibility or liability for damage or loss caused by any error, inaccuracy, or misunderstanding with regard to this translation.
Company Name AISIN SEIKI Co., Ltd.

Listed on

The Tokyo and Nagoya Stock Exchanges

Code Number

7259

URL

http://www.aisin.com/

Representative

Kiyotaka Ise , President

Contact person

Yuji Fukushige, General Manager Finance & Costing Dept

TEL

+81-566-24-8265

Scheduled date of the annual regular general meeting of shareholders:June 18, 2019
The expected date of dividends payment：June 19, 2019
Scheduled filing date for reporting on EDINET：June 19, 2019
Additional documents to supplement financial results：Yes (Japanese only)
IR presentation：Yes (For analysts and professional investors)
1.Consolidated Results for FY2019 (Apr. 1, 2018 through Mar. 31, 2019)(Amounts less than million yen are rounded down)(1) Consolidated Financial Results（Percent shows changes against previous Fiscal Year）
Revenue

FY2019FY2018Million Yen
4,043,110
3,908,937

Profit before income
taxes

Operating profit
％
3.4
9.7

％
Million Yen
205,562 -19.0
253,808 11.0％
Million Yen
217,486 -18.9
268,171 13.0

Basic earnings per share

Diluted earnings per
share

Yen
408.64490.22

Yen
408.64490.09FY2019FY2018(Reference) Equity Income

FY20197,517Million Yen

Profit for the period
attributableto owners of the parent％％
Million Yen
Million Yen
159,124 -18.5
110,123 -18.2
195,346 8.5
134,551 6.2

Ratio of profit for theperiod to equity
attributable toowners of the parent
%
8.3
10.6
FY2018Comprehensive
incomefor the period％
Million Yen
125,759 -46.1
233,495 32.9

Profit for the period

Ratio of profit before
income taxes to total
assetsRatio of operating
profit to revenue
%
6.0
7.8

%
5.1
6.5

12,204Million Yen(2) Consolidated Financial Position
Total Assets

Total equity

Million Yen
3,751,880
3,527,910

FY2019FY2018Equity attributable toowners of the parent

Million Yen
1,873,627
1,803,129

Ratio of equity attributableto owners of the parent

Million Yen
1,346,902
1,310,176

％
35.9
37.1

Equity attributableto owners of the parent
per share
Yen
4,997.99
4,861.68(3) Consolidated Cash Flows
From operating
activities
Million Yen
354,942
311,542

FY2019FY2018From investing
activities
Million Yen-414,494-229,346

From financing
activities
Million Yen
13,164-73,634

Cash and cash equivalents
at the end of FY
Million Yen
357,195
406,508

2.Cash Dividends
Ratio of equity

Annual Cash Dividends Per Share
1st quarter2nd quarter3rd quarter
Yen

－
－

Yen
60.00
60.00

－

60.00

Yen
FY2018FY2019FY2020(Forecast)

4th quarter

Million Yen
40,75740,423

％
30.6
36.7

FY Total

－
－

Yen
90.00
90.00

Yen
150.00150.00－90.00

150.00- 1 -Dividends total

Dividends
Payout Ratio

attributable toowners of theparent

43.5

％
3.2
3.0

3.Consolidated forecast for FY2020 (Apr. 1, 2019 through Mar. 31, 2020）（Percent shows changes against corresponding figures for the previous period）
Revenue
Million Yen
4,040,000

Full year

Operating profit％-0.1

Million Yen
180,000％-12.4

Profit before income
taxes％Million Yen
189,000 -13.1

Profit attributable toowners of parent％
Million Yen
93,000 -15.5

Earnings per shareYen
345.104.Others(1) Changes in significant subsidiaries：Yes
Consolidation scope
Consolidated (New)：GAC AISIN AW AUTOMATIC TRANSMISSION CO., LTD.
：ZHEJIANG GEELY AISIN AW AUTOMATIC TRANSMISSION CO., LTD.
Eliminated： None(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 8.

(3) Number of outstanding shares(common stocks)① Number of shares issued including treasury stock as of therespective balance sheet date② Number of treasury stock as of the respective balance
sheet date
③ Average number of common stocks

FY2019294,674,634 shares

FY2018294,674,634 shares

FY201925,185,828 shares

FY201825,184,075 shares

FY2019269,489,483 shares

FY2018274,473,074 shares※ 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 26, 2019. The presentationmaterials for the earnings briefing will be posted on its website promptly following the presentation.

- 2 -5. Consolidated financial statements(1) Consolidated statements of financial position(Million Yen)FY2018(As of Mar. 31, 2018)

FY2019(As of Mar. 31, 2019)

AssetsCurrent assets
Cash and cash equivalents

406,508

357,195

Trade and other receivables

621,863

620,630

Other financial assets

88,575

137,433

Inventories

295,787

341,506

Other current assets

51,09366,722

Total current assets

1,463,828

1,523,488

1,294,225

1,479,621

Non-current assets
Property, plant and equipment
Intangible assets

40,04540,702

Investments accounted for using the equity method

112,979

107,854

Other financial assets

485,108

449,982

Deferred tax assets

109,646

120,525

Other non-current assets

22,07529,707

Total non-current assets

2,064,082

2,228,392

3,527,910

3,751,880

Trade and other payables

796,318

850,616

Bonds and loans payable

86,89386,148Other financial liabilities

37,381

38,416

Provisions

25,66023,703

Income tax payables
Other current liabilities

30,77433,08323,19829,664

Total current liabilities

1,010,112

1,051,748

Bonds and loans payable

430,650

524,193

Other financial liabilities

9,603

9,212

190,679

215,946

Total assets
Liabilities and equity
Liabilities
Current liabilities

Non-current liabilities

Retirement benefit liabilities
Provisions

3,650

5,446

Deferred tax liabilities

72,206
7,879

62,222
9,482

Other non-current liabilities
Total non-current liabilities

714,669

826,504

1,724,781

1,878,252

Capital stock

45,04945,049

Capital surplus

71,82670,043

Treasury stock-115,835-115,844

Other components of equity

147,874
1,161,260

121,429
1,226,224

Non-controlling interests

1,310,176
492,952

1,346,902
526,725

Total equity

1,803,129

1,873,627

3,527,910

3,751,880

Total liabilities
EquityRetained earnings
Equity attributable to owners of the parent company

Total liabilities and equity- 3 -(2) Consolidated statements of income / Consolidated statements of comprehensive income(Consolidated statements of income)(Million Yen)FY2018(Apr. 1, 2017 throughMar. 31, 2018)
Revenue
Cost of revenue

FY2019(Apr. 1, 2018 throughMar. 31, 2019)

3,908,937-3,371,980

4,043,110-3,545,278

Gross profit

536,957

497,832

Selling, general and administrative expenses-289,542
18,408-306,591
27,186

Other income
Other expenses-12,014-12,865

Operating profit

253,808

205,562

Finance income

14,241-12,083

15,742-11,335

Finance expenses
Equity in earnings of affiliates

12,204

7,517

Profit before income taxes

268,171

217,486

Income tax expenses-72,825-58,361

Profit for the period

195,346

159,124

Non-controlling interests

134,551
60,794

110,123
49,000Total

195,346

159,124

Basic earnings per share (Yen)

490.22408.64

Diluted earnings per share (Yen)

490.09408.64

Profit for the period attributable to:
Owners of the parent

Earnings per share(Consolidated statements of comprehensive income)(Million Yen)FY2018(Apr. 1, 2017 throughMar. 31, 2018)
Profit for the period
Other comprehensive income

FY2019(Apr. 1, 2018 throughMar. 31, 2019)

195,346

159,124

Remeasurements of defined benefit plans-1,945-6,715

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

35,453-25,584

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

31

-163

33,540-32,463

181-122

Items that will not be reclassified to profit or loss

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

581

180

Exchange differences on translating foreign operations

4,687-1,274

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

-841

314

4,609

-902

Other comprehensive income total

Total

38,149-33,365

Comprehensive income for the period

233,495

125,759

Non-controlling interests

170,091
63,40478,941
46,817

Total

233,495

125,759

Comprehensive income for the period attributable to:
Owners of the parent- 4 -(3）Consolidated statements of changes in equity
FY2018 (Apr. 1, 2017 through Mar. 31, 2018)(Million Yen)
Equity attributable to owners of the parent
Other components of equity

Capitalstock

Capitalsurplus

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

Cash
flow
hedgesExchangedifferencesontranslationof foreign
operations

Total

45,04971,822-56,983－

157,200-2,011-44,591

110,597

－

－

－

－

－

－

－

－

Other comprehensive income(loss)－－－-1,20035,475582

682

35,540Comprehensive income for theperiod－－－-1,20035,475582

682

35,540

－
－

－
-126

-59,465
613

－
－

－
－

－
－

－
－

－
－

Lapse of subscription rights toshares

－

-339

－

－

－

－

－

－

Dividends

－

－

－

－

－

－

－

－

Changes in the ownershipinterest in subsidiaries

－

470

－

－

－

－

－

－

Transfer from other componentsof equity to retained earnings

－

－

－

1,200

536

－

－

1,736

1,200
－

536

－

－

1,736

193,212-1,429-43,908

147,874

Balance as of April 1, 2017
Profit for the period

Acquisition of treasury stock
Disposal of treasury stock

Total transactions with owners
Balance as of Mar. 31, 2018－4

-58,851

45,04971,826-115,835

Equity attributable to owners of the parent
Non-controlling interests

Retainedearnings

Total equity

Total

1,065,900

1,236,385

458,478

1,694,864

134,551

134,551

60,794

195,346

Other comprehensive income(loss)－

35,5402,609

38,149Comprehensive income for theperiod134,551

170,091

63,404

233,495－－-59,465－-59,465

487

38

525

－

-339

－

-339

-37,453-37,453-24,389-61,843－

470-4,579-4,108-1,736－－－

Balance as of April 1, 2017
Profit for the period

Acquisition of treasury stock
Disposal of treasury stock
Lapse of subscription rights tosharesDividends
Changes in the ownershipinterest in subsidiaries
Transfer from other componentsof equity to retained earnings
Total transactions with owners-39,190-96,301-28,930-125,231

Balance as of Mar. 31, 2018

1,161,260

1,310,176

492,952

1,803,129- 5 -FY2019 (Apr. 1, 2018 through Mar. 31, 2019)(Million Yen)
Equity attributable to owners of the parent
Other components of equity

Capitalstock

Capitalsurplus

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

Cash
flow
hedgesExchangedifferencesontranslationof foreign
operations

Total

45,04971,826-115,835－

193,212-1,429-43,908

147,874

－

－

－

－

－

－

－

－

Other comprehensive income(loss)－－－-4,960-25,436179-964-31,182

Comprehensive income for theperiod－－－-4,960-25,436179-964-31,182－－－

Disposal of treasury stock

0

-10
0

－
－

－
－

－
－

－
－

－
－

Dividends

－

－

－

－

－

－

－

－

Changes in scope of
consolidation

－

－

－

－

－

－

－

－

Changes in the ownershipinterest in subsidiaries－-1,782

－

－

－

－

－

－

Transfer from other componentsof equity to retained earnings

－

－

－

4,960

-223

－

－

4,736

Balance as of April 1, 2018
Profit for the period

Acquisition of treasury stock

Total transactions with owners
Balance as of Mar. 31, 2019－

-1,782

-9

4,960

-223

－

－

4,736

45,04970,043-115,844－

167,551-1,249-44,872

121,429

Equity attributable to owners of the parent
Non-controlling interests

Retainedearnings

Total equity

Total

1,161,260

1,310,176

492,952

1,803,129

110,123

110,123

49,000159,124

Other comprehensive income(loss)－-31,182-2,183-33,365

Comprehensive income for theperiod110,123

78,941

46,817125,759

－
－

-10
1

－
0

-10
1

Balance as of April 1, 2018
Profit for the period

Acquisition of treasury stock
Disposal of treasury stock
Dividends-40,423-40,423-21,517-61,940

Changes in scope of
consolidation

－

－

3,413

3,413

Changes in the ownershipinterest in subsidiaries－-1,782

5,059

3,276

-4,736－－－

Transfer from other componentsof equity to retained earnings
Total transactions with owners-45,160-42,215-13,044-55,260

Balance as of Mar. 31, 2019

1,226,224

1,346,902

526,725

1,873,627- 6 -(4) Consolidated statements of cash flows(Million Yen)FY2018(Apr. 1, 2017 throughMar. 31, 2018)
Net cash provided by (used in) operating activities
Profit before income tax

FY2019(Apr. 1, 2018 throughMar. 31, 2019)

268,171

217,486

Depreciation and amortization

213,430

226,418

Decrease (increase) in trade and other receivables-47,194

4,758

Decrease (increase) in inventories-15,939-42,520

Increase (decrease) in trade and other payables-26,00740,903-684-21,246

391,776425,799

Other, net
SubtotalInterest income received

2,537

2,689

Dividents income received

14,69016,287

Interest expenses paid
Income taxes (paid) refund-7,030-90,431-7,513-82,321

Net cash provided by (used in) operating activities

311,542354,942

Net cash provided by (used in) investing activities
Decrease (increase) in time deposits
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment-1,210-43,266-255,245-377,075

6,318

6,185

-10,004-13,528

Purchase of investment securities-8,194-19,219

Proceeds from sales and redemption of investment securities

20,107

18,703

Proceeds from collection of lease recievables

15,837
3,045

15,743-2,037-229,346-414,494

Purchase of intangiable assets

Other, net
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities
Increase (decrease) in short-term bank loans and commercial papers

4,392

4,409

Proceeds from long-term loans payable

69,751

119,635

Repayment of long-term loans payable-30,872-41,063

Proceeds from issuance of bonds

20,00012,000-35-10,017

Repayment of lease payables-11,998-12,792

Acquisition of treasurely stock-59,465-10

Cash dividends paid

-37,437-40,456

Cash dividends paid to non-controlling interests
Other, net-24,387-3,582-21,5212,980

Net cash provided by (used in) financing activities-73,634

13,164

Redemption of bonds

Effect of exchange rate change on cash and cash equivalents

3,386-2,924

Cash and cash equivalents at beginning of period

11,949394,559-49,312406,508

Cash and cash equivalents at end of period

406,508

357,195

Net increase (decrease) in cash and cash equivalents- 7 -(5) Notes to the Consolidated Financial Statements（Going concern assumption）
None（Changes in accounting policies）
Beginning from the fiscal year 2019, our group has adopted IFRS15 “Revenue from Contracts with Customers”(issued in May 2014) and“Clarifications to IFRS15”(issued in April 2016) (together, hereinafter “IFRS15”).
As a result, compared with the application of the former accounting standard, in the consolidated statement of income for the fiscal year 2019,
Revenue and Cost of revenue decreased by 20,361 million yen and there are no impacts to operating profit and profit for the period.
Moreover, when applying IFRS15, as a transition measure our group applies this standard retrospectively with the cumulative effects of initiallyapplying this standard recognized at the date of initial application. As a result, there is no impact to retained earnings in the consolidated statementof financial position as of the beginning of fiscal year 2019.

(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.
The Group is composed by the company and its core subsidiaries, and the strategy considering overall domestic and oversea operation for its
sales and service is controlled mainly by Aisin Seiki Co.,Ltd. and its three core subsidiaries. Therefore reportable segments and its product andservice are as follows.

Segment
Aisin Seiki Group

Product and service
Overall automotive parts and related service, Lifestyle & Energy related products, construction and engineeringand oil sales etc.

Aisin Takaoka Group

Mainly cast-iron parts for engines and brakes

Aisin AW Group

Mainly automatic transmissions and car navigation systems

ADVICS Group

Mainly brake parts- 8 -2. Revenue and profit by reportable segments
FY2018(Apr. 1, 2017 through Mar. 31, 2018)(Million Yen)
Reportable Segments
Aisin Seiki
Group

Aisin Takaoka
Group

Aisin AWGroup

ADVICSGroup

1,472,370

181,750(2) Inter-segment

303,927

113,970

30,016

Total

1,776,298

295,721

1,621,250

78,031

11,982

141,958

10,127

Total

OthersAdjustments

Total

Revenue(1) Revenue from third
parties

Segment profit (loss)

1,591,233

547,6033,792,959

115,978－

3,908,937

38,964

486,879

105,551-592,430－

586,568

4,279,838

221,529-592,430

3,908,937

242,099

12,503-794

253,808

Finance income

14,241

Finance expenses-12,083

Equity in earnings of affiliates

12,204

Profit before income taxes

268,171（Note1）Others include omitted non-core groups that manufacture and sell automotive parts.
（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.

FY2019(Apr. 1, 2018 through Mar. 31, 2019)(Million Yen)
Reportable Segments
Aisin AWGroup

ADVICS
Group

OthersAdjustments

Total

Aisin Seiki
Group

Aisin Takaoka
Group

1,492,269

193,778

1,647,066

592,846

3,925,961

117,149－

4,043,110(2) Inter-segment

290,342

126,989

28,817

7,618

453,766

118,574-572,341－

Total

1,782,611

320,768

1,675,883

600,464

4,379,728

235,724-572,341

4,043,110

67,007

13,533

103,605

11,856

196,003

10,455-896

205,562

Total

Revenue(1) Revenue from third
parties

Segment profit (loss)
Finance income

15,742Finance expenses-11,335

Equity in earnings of affiliates

7,517

Profit before income taxes

217,486（Note1）Others include omitted non-core groups that manufacture and sell automotive parts.
（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.
（Note4）The Reportable segment where Hosei Brake Industry belongs changed from Aisin Seiki Group to ADVICS group, because of the businessreorganization.
As a result, compared with the former shareholding structure, the amount of "(1)Revenue from third parties", "(2)Inter-segment" and "Total
of Revenue" of Aisin Seiki group in the consolidated statement of income for the fiscal year 2019 decreased respectively 11,127M yen,
60,532M yen, and 71,660M yen. And the amount of "Segment profit" increased 1,669M yen.
On the other hand, the amount of "(1)Revenue from third parties", "(2)Inter-segment" and "Total of Revenue" of ADVICS group increased
respectively 11,127M yen, 229M yen and 11,356M yen.And the amount of "Segment profit" decreased 1,669M yen.

- 9 -(Amounts per share)
Basic earnings per share and Diluted earnings per share are based on information below.
FY2018(Apr. 1, 2017 throughMar. 31, 2018)

FY2019(Apr. 1, 2018 throughMar. 31, 2019)

Basic standards related to basic earnings per share
Profit for the period attributable to owners of the parent(Million Yen)

134,551

110,123－－

134,551

110,123

274,473

269,489490.22408.64

134,551

110,123－－

134,551

110,123

274,473

269,489

Increase in number of common stocks (share subsciption
rights) (Thousand shares)

71－

Diluted Average number of common stocks (Thousand
shares)274,545

269,489490.09408.64

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)
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)

Diluted earnings per share (Yen)

Because there is no dilutive effect, potential shares were not included when calculating diluted earnings per share.
Potential shares are shown below.
FY2018(Apr. 1, 2017 throughMar. 31, 2018)
Share subsciption rights（shares）

FY2019(Apr. 1, 2018 throughMar. 31, 2019)－（Material Subsequent Events)
None- 10 -－