FY2024 1st Quarter Consolidated Financial Results [IFRS](April 1, 2023 through June 30, 2023)
July 28, 2023
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 onThe Tokyo and Nagoya Stock Exchanges

Code Number7259

URL

https://www.aisin.com/en/

Representative

Moritaka Yoshida, President

Contact person

Yoshio Uchiyama, General Manager Finance & Accounting Dept. TEL

Scheduled filing date for quarterly reporting on EDINET：August 9, 2023

+81-566-24-8265

The expected date of dividends payment：-Additional documents to supplement quarterly financial results：Yes (Japanese only)
Quarterly IR presentation：Yes (For analysts and professional investors)(Amounts less than million yen are rounded down)

1.Consolidated Results for the 1st Quarter of FY2024 (Apr. 1, 2023 through Jun. 30, 2023)(1) Consolidated Financial Results(Percent shows changes against corresponding figures for the previous period)
Operating profit

Revenue

Profit before income taxes

Profit for the period

Million Yen%

Million Yen%

Million Yen%

Million Yen%FY2024 1st quarter

1,191,724

19.4

34,467422.0

54,46473.2

45,48385.2

FY2023 1st quarter

997,887

2.1

6,603

-89.0

31,445-55.0

24,557-51.5

Profit for the period
attributableto owners of the parent

Comprehensive income
for the period

Basic earnings per share

Diluted earnings per share

Million Yen%

Million Yen%

YenYenFY2024 1st quarter

40,99089.4

162,238223.7

152.08152.08FY2023 1st quarter

21,637-53.0

50,124

-43.7

80.28

80.28

(2) Consolidated Financial Position
Total Assets

Equity attributable toowners of the parent

Total equity

Million Yen

Ratio of equity attributableto owners of the parent

Million Yen

Million Yen%FY2024 1st quarter

4,293,898

2,124,632

1,876,436

43.7

FY20234,135,826

1,991,437

1,751,326

42.3

2.Cash Dividends
Annual cash dividends per share
1st quarter2nd quarter

Year end

3rd quarter

TotalYen

Yen

Yen

Yen

Yen

FY2023－70.00－

100.00170.00

FY2024－－－－170.00

FY2024(Forecast)(Note) Changes in dividends forecast for FY2024：None
The 2nd quarter dividend forecast and the Year end (4th quarter) dividend forecast for FY2024 have not been decided at this point.
3.Consolidated Financial Forecast for FY2024 (Apr. 1, 2023 through Mar. 31, 2024)(Percent shows changes against corresponding figures for the previous period)
Operating profit

Revenue

Full year

Profit before incometaxes

Profit attributable toowners of parent

Earnings per share

Million Yen%

Million Yen%

Million Yen%

Million Yen%

Yen

4,600,000

4.5

190,000

227.9

200,000

171.2

125,000

231.8

463.78(Note) Consolidated financial forecast corrections for FY2024：None- 1 -4.Others(1) Changes in significant subsidiaries：None
Consolidation scope
Consolidated (New)：None
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 details, please refer to page 7, "Changes in accounting policies" in "(4) Notes to the Consolidated Financial Statements."(3) Number of outstanding shares (common stocks)① Number of shares issued including treasury stock as of therespective balance sheet date

FY2024 1st② Number of treasury stock as of the respective balance
sheet date

FY2024 1st③ Average number of common stocks (quarterly total)

quarterquarter
FY2024 1stquarter

294,674,634 shares

FY2023294,674,634 shares

25,139,489 shares

FY202325,151,250 shares

269,527,268 shares

FY2023 1stquarter

269,517,563 shares※ This Quarterly Financial Result is not subject to review procedure.
※ 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 globalmarket.

2. The Company is scheduled to hold the earnings briefing for analysts and professional investors on July 28, 2023. The presentation materials
for the earnings briefing will be posted on its website promptly following the presentation.

- 2 -5. Consolidated Quarterly Financial Statements(1) Consolidated Quarterly Statements of Financial Position(Million Yen)FY2023(As of Mar. 31, 2023)

FY2024 1st quarter(As of Jun. 30, 2023)

AssetsCurrent assets
Cash and cash equivalents
Trade and other receivables
Other financial assetsInventories
Other current assets
Subtotal
Assets held for sale
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Right-of-use assets
Investments accounted for using the equity method
Other financial assets
Deferred tax assets
Other non-current assets
Total non-current assets

317,693
740,442
44,326534,181
77,475379,234
712,226
33,538522,389
94,043

1,714,118
15,665

1,741,431
10,932

1,729,784

1,752,364

1,440,280
56,08165,4511,450,057
54,15066,922

138,105
583,573
80,324140,172
704,159
84,751

42,22541,3202,406,041

2,541,534

4,135,826

4,293,898

Current liabilities
Trade and other payables

840,261

858,864

Bonds and loans payable

159,880

103,860

Lease liabilities
Other financial liabilities

18,392
3,559

18,558
10,961

Provisions

38,40339,390

Income tax payables

13,41420,201

Total assets
Liabilities and equity
Liabilities

Other current liabilities
Subtotal
Liabilities directly associated with assets held for sale
Total current liabilities
Non-current liabilities
Bonds and loans payable
Lease liabilities

42,46649,264

1,116,378
1,494

1,101,099
1,202

1,117,873

1,102,302

688,815
43,378688,835
44,554

Other financial liabilities

19,93828,355Retirement benefit liabilities
Provisions

206,1152,206

207,861
2,265
77,794

Deferred tax liabilities

49,532Other non-current liabilities

16,52817,297

Total non-current liabilities

1,026,515
2,144,389

1,066,964
2,169,266

45,04945,049Total liabilities
EquityCapital stock
Capital surplus

74,401

74,383

Treasury stock
Other components of equity-115,675
307,125-115,621
417,775

Retained earnings
Equity attributable to owners of the parent company
Non-controlling interests

1,440,425

1,454,849

1,751,326
240,110

1,876,436
248,195

1,991,437
4,135,826

2,124,632
4,293,898

Total equity
Total liabilities and equity- 3 -(2) Consolidated Quarterly Statements of Income / Consolidated Quarterly Statements of Comprehensive Income(Consolidated Quarterly Statements of Income)(Million Yen)FY2023 1st quarter(Apr. 1, 2022 throughJun. 30, 2022)
Revenue
Cost of revenue
Gross profit
Selling, general and administrative expenses
Other income

FY2024 1st quarter(Apr. 1, 2023 throughJun. 30, 2023)

997,887-914,871

1,191,724-1,077,299

83,016-79,189
6,076

114,425-84,346
6,773

Other expenses
Operating profit-3,300-2,384

6,603

34,467

Finance income
Finance expenses
Equity in earnings of affiliates

24,086-3,7454,500

19,753-3,046
3,289

Profit before income taxes
Income tax expenses

31,445-6,88854,464-8,980

Profit for the period

24,55745,483

Profit for the period attributable to:
Owners of the parent21,637

40,990Non-controlling interests

2,920

4,493

Total

24,55745,483

80.28
80.28

152.08152.08

Earnings per share
Basic earnings per share (Yen)
Diluted earnings per share (Yen)(Consolidated Quarterly Statements of Comprehensive Income)(Million Yen)FY2023 1st quarter(Apr. 1, 2022 throughJun. 30, 2022)
Profit for the period
Other comprehensive income
Items that will not be reclassified to profit or loss
Remeasurements of defined benefit plans

FY2024 1st quarter(Apr. 1, 2023 throughJun. 30, 2023)

24,55745,483-82-115

Net change in fair value of equity instruments designated as measured at fairvalue through other comprehensive income-17,037

85,165

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

-130

268

-17,250

85,318-40

6Cash flow hedges
Exchange differences on translating foreign operations

55
39,073

1628,865

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

3,728

2,547

Total
Other comprehensive income total

42,81725,56731,435
116,754

Comprehensive income for the period

50,124

162,238

39,302
10,822

151,646
10,591

50,124

162,238

Total
Items that may be reclassified subsequently to profit or loss
Financial assets measured at fair value through other comprehensive income

Comprehensive income for the period attributable to:
Owners of the parent
Non-controlling interests
Total- 4 -(3) Consolidated Statements of Changes in Equity

FY2023 1st Quarter (Apr. 1, 2022 through Jun. 30, 2022)(Million Yen)
Equity attributable to owners of the parent
Other components of equity

Capitalstock

Balance as of April 1, 2022
Profit for the period

Capitalsurplus

Net changes inrevaluation ofRemeasurefinancial assets
ments
measured atof defined
fair value
benefitthrough otherplanscomprehensive
incomeTreasurystock

Exchangedifferences
ontranslationof foreign
operations

Cash
flow
hedgesTotal

45,04976,282-115,723-

325,493

-253

5,084

330,324--------

Other comprehensive income

--

-

-46

-17,08757

34,741

17,665Comprehensive income for theperiod

-

--

-46

-17,08757

34,741

17,665Acquisition of treasury stock
Disposal of treasury stock
Dividends

--13-

-253-

-----

Changes in the ownershipinterest in subsidiaries

--498

-

-----

Transfer from other componentsof equity to retained earnings

---

46

-199

-

-

-153

45,049-511
75,77051-115,672

46
-

-199
308,206-195

39,826-153
347,836

Total transactions with owners
Balance as of Jun. 30, 2022

Equity attributable to owners of the parent
Non-controlling interests

Retainedearnings
Balance as of April 1, 2022
Profit for the period

Total equity

Total

1,420,583

1,756,516

239,992

1,996,508

21,637

21,6372,920

24,557

Other comprehensive income-17,665

7,902

25,567

Comprehensive income for theperiod

21,63739,302

10,82250,124

Acquisition of treasury stock
Disposal of treasury stock

--2
39

-

-2
39

-26,951-26,951-3,216-30,168

-

-498

-43

-542

153

-

-

-

-26,798
1,415,422-27,412
1,768,406-3,260247,553-30,672
2,015,960

Dividends
Changes in the ownershipinterest in subsidiaries
Transfer from other componentsof equity to retained earnings
Total transactions with owners
Balance as of Jun. 30, 2022

- 5 -

FY2024 1st Quarter (Apr. 1, 2023 through Jun. 30, 2023)(Million Yen)
Equity attributable to owners of the parent
Other components of equity

Capitalstock

Balance as of April 1, 2023
Profit for the period

Capitalsurplus

Net changes inrevaluation ofRemeasurefinancial assets
ments
measured atof defined
fair value
benefitthrough otherplanscomprehensive
incomeTreasurystock

Exchangedifferences
ontranslationof foreign
operations

Cash
flow
hedgesTotal

45,04974,401-115,675-

275,926-114

31,313

307,125--------

Other comprehensive income

---

-31

84,961

13

25,712

110,656

Comprehensive income for theperiod-

--

-31

84,9611325,712

110,656

-

-9-

-055
-

---

-

-

Changes in the ownershipinterest in subsidiaries

--8-

-----

Transfer from other componentsof equity to retained earnings

--

-

31

-37

-

-

-5

45,049-1774,383

54-115,62131--37360,849-100

57,026-5417,775

Hyperinflation adjustment
Acquisition of treasury stock
Disposal of treasury stock
Dividends

Total transactions with owners
Balance as of Jun. 30, 2023

Equity attributable to owners of the parent
Non-controlling interests

Retainedearnings
Balance as of April 1, 2023
Profit for the period

Total equity

Total

1,440,425
40,9901,751,326
40,990240,110
4,493

1,991,437
45,483

Other comprehensive income-110,656

6,098

116,754

Comprehensive income for theperiod

40,990151,646

10,591

162,238

379
-379
-045

1379
-047

Hyperinflation adjustment
Acquisition of treasury stock
Disposal of treasury stock
Dividends-26,952-26,952-2,530-29,483

Changes in the ownershipinterest in subsidiaries

--8

2213

Transfer from other componentsof equity to retained earnings

5---

Total transactions with owners-26,946-26,915-2,506-29,422

Balance as of Jun. 30, 2023

1,454,849

1,876,436

248,195

2,124,632- 6 -(4) Notes to the Consolidated Financial Statements(Going concern assumption)
None(Changes in accounting policies)
Beginning from FY2024 1st quarter (April 1 2023 through Jun 30 2023), the company has adopted “Amended by Deferred Tax related to Assets
and Liabilities arising from a Single Transaction " (Amendments to IAS 12). The adoption of this standard has no significant impact on theConsolidated Quarterly Financial Statement for the first quarter ended March 31, 2024.
(Assets held for sale)

As of June 30, 2023, the assets and liabilities held by PT. SHIROKI INDONESIA and SHIROKI AUTOMOTIVE INDIA PVT. LTD., were classified asheld for sale, because of the business transfer agreement for manufacturing automotive seat frame mechanism parts.
This business transfer will be carried out on the condition that necessary procedures and measures are completed based on the competition lawsof each country.

On April 1, 2023, the sales procedures have been completed for the Nagoya Plant of consolidated subsidiary Aisin Shiroki Corporation that wereclassified as held for sale at the end of the previous fiscal year.
(Material subsequent events)
None- 7 -