FY2021 1st Quarter Consolidated Financial Results [IFRS](April 1, 2020 through June 30, 2020)
July 31, 2020
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.
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 SEIKI Co., Ltd.

Listed onThe Tokyo and Nagoya Stock Exchanges

Code Number7259

URL

https://www.aisin.com/Representative

Kiyotaka Ise, President

Contact person

Yoshio Uchiyama, General Manager Finance & Costing Dept.

TEL+81-566-24-8265

Scheduled filing date for quarterly reporting on EDINET：Auguest 7, 2020

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 FY2021 (Apr. 1, 2020 through Jun. 30, 2020)(1) Consolidated Financial Results（Percent indications show the percentage of changes against previous Fiscal Year）
Revenue

Operating profit

Million Yen％

Million Yen

FY2021 1st quarter

555,269-42.3

FY2020 1st quarter

963,055-4.5

Profit for the period
attributableto owners of the parent

Profit before income taxes％

Million Yen-79,964－

25,542-60.6

Comprehensive income
for the period

Profit for the period％

Million Yen-73,728－-59,709－

29,117-60.1

23,391-60.5

Basic earnings per share％Diluted earnings per share

Million Yen％

Million Yen％

YenYenFY2021 1st quarter-50,306－-36,972－△186.66△186.66

FY2020 1st quarter

17,401-56.6

11,734-80.6

64.57

64.57

(2) Consolidated Financial Position
Total Assets

Equity attributable toowners of the parent

Total equity

Ratio of equity attributableto owners of the parent

Million Yen

Million Yen

Million Yen％FY2021 1st quarter

3,600,970

1,443,989

1,240,549

34.5

FY20203,992,652

1,795,695

1,280,165

32.1

2.Cash Dividends
Annual cash dividends per share1st quarter2nd quarter3rd quarter

Year end

Total

Yen

Yen

YenYenYen

FY2020-60.00-60.00120.00

FY2021----

FY2021(Forecast)(Note) Changes in dividends forecast for FY2021：None

Regarding the dividend forecast for FY 2021, it has not been decided at this point, due to difficulties to estimate the business performance of theGroup.
3.Consolidated Financial Forecast for FY2021 (Apr. 1, 2020 through Mar. 31, 2021）（Percent shows changes against corresponding figures for the previous period）
Revenue

Full year

Operating profit

Profit before incometaxes

Profit attributable toowners of parent

Earnings per share

Million Yen％

Million Yen％

Million Yen％

Million Yen％

Yen

3,380,000-10.7

50,000-10.9

50,000-6.4

27,00012.2

100.18(Note) Consolidated financial forecast corrections for FY2021：Yes
Please refer to the “Notice of the Revised Forecast of Consolidated Financials for the Fiscal Year Ending March 31, 2021” disclosed on July 31,2020.

- 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：None② Other changes：None③ Changes in accounting estimation：None(3) Number of outstanding shares(common stocks)① Number of shares issued including treasury stock as of therespective balance sheet date

FY2021 1st② Number of treasury stock as of the respective balance
sheet date

FY2021 1st③ Average number of common stocks (quarterly total)

quarterquarter
FY2021 1stquarter

294,674,634 shares

FY2020294,674,634 shares

25,170,211 shares

FY202025,170,172 shares269,504,445 shares

FY2020 1stquarter

269,488,654 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 31, 2020. 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)FY2020(As of Mar. 31, 2020)

FY2021 1st quarter(As of Jun. 30, 2020)

AssetsCurrent assets
Cash and cash equivalents

675,162

437,160

Trade and other receivables

533,577

403,720

Other financial assets

107,774

78,545Inventories

369,251

359,911

Other current assets

61,10558,501

Total current assets

1,746,781

1,337,839

Non-current assets
Property, plant and equipment

1,463,084

1,449,015

Intangible assets

36,741

36,007Right-of-use assetｓ

57,831

56,336

Investments accounted for using the equity method

112,515

111,803

Other financial assets

414,543436,177

Deferred tax assets
Other non-current assets

141,685
19,378

153,610
20,180Total non-current assets

2,245,780

2,263,130

3,992,652

3,600,970

Trade and other payables

778,466

665,646

Bonds and loans payable

102,760

120,350

Lease liabilities

17,103

15,354

Other financial liabilities

31,03130,856

Provisions

21,03019,719

Income tax payables
Other current liabilities

14,84336,037

6,428
31,075

Total current liabilities

1,001,272

889,432

Bonds and loans payable

849,228

918,465

Lease liabilities

36,43235,311Other financial liabilities

5,292

4,989

236,843

240,025

Total assets
Liabilities and equity
Liabilities
Current liabilities

Non-current liabilities

Retirement benefit liabilities
Provisions

3,193

3,133

Deferred tax liabilities
Other non-current liabilities

51,001
13,693

51,83813,785

Total non-current liabilities

1,195,684

1,267,548

2,196,957

2,156,980

Capital stock

45,04945,049

Capital surplus

67,07074,000Treasury stock-115,770-115,771

Other components of equity

78,351
1,205,465

96,8271,140,443

Non-controlling interests

1,280,165
515,529

1,240,549
203,440

Total equity

1,795,695

1,443,989

3,992,652

3,600,970

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

Total liabilities and equity- 3 -(2) Consolidated Quarterly Statements of Income / Consolidated Quarterly Statements of Comprehensive Income(Consolidated Quarterly Statements of Income)(Million Yen)FY2020 1st quarter(Apr. 1, 2019 throughJun. 30, 2019)
Revenue
Cost of revenue

FY2021 1st quarter(Apr. 1, 2020 throughJun. 30, 2020)

963,055-865,091

555,269-585,526

Gross profit

97,963-30,256

Selling, general and administrative expenses-77,631
7,643-57,193
8,893

Other income
Other expenses-2,432-1,407

Operating profit

25,542-79,964

Finance income

7,388-7,545

9,295-3,811

Finance expenses
Equity in earnings of affiliates

3,730

753

Profit before income taxes

29,117-73,728

Income tax expenses-5,725-14,018

Profit for the period

23,391-59,709

Non-controlling interests

17,401
5,990-50,306-9,403

Total

23,391-59,709

Profit for the period attributable to:
Owners of the parent

Earnings per share
Basic earnings per share (Yen)

64.57-186.66

Diluted earnings per share (Yen)

64.57-186.66(Consolidated Quarterly Statements of Comprehensive Income)(Million Yen)FY2020 1st quarter(Apr. 1, 2019 throughJun. 30, 2019)
Profit for the period
Other comprehensive income

FY2021 1st quarter(Apr. 1, 2020 throughJun. 30, 2020)

23,391-59,709

Remeasurements of defined benefit plans

-148

-16

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

4,187

17,013

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

-15

65

4,024

17,061

134-241

Items that will not be reclassified to profit or loss

Total
Items that may be reclassified subsequently to profit or loss
Financial assets measured at fair value through other comprehensive income
Cash flow hedges
Exchange differences on translating foreign operations
Share of other comprehensive income of associates accounted for using theequity method
Total

-58

64

-16,347

5,724

590

128

-15,681

5,675

Other comprehensive income total-11,657

22,737

Comprehensive income for the period

11,734-36,972

Non-controlling interests

11,391
343-30,375-6,596

Total

11,734-36,972

Comprehensive income for the period attributable to:
Owners of the parent- 4 -(3) Consolidated Statements of Changes in Equity
FY2020 1st Quarter(Apr. 1, 2019 through Jun. 30, 2019)(Million Yen)
Equity attributable to owners of the parent
Other components of equity

Capitalstock

Capitalsurplus

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

Exchangedifferencesontranslationof foreign
operations

Cashflow
hedgesTotal

45,04970,043-115,844-

167,551-1,249-44,872

121,429--------

Other comprehensive income(loss)

---

500

4,283

-56

-10,737-6,010Comprehensive income for theperiod

--

-

500

4,283

-56

-10,737-6,010

Disposal of treasury stock--0-00-----

Dividends--------

Changes in the ownershipinterest in subsidiaries--2,695

-

---

1,157

1,157

Transfer from other componentsof equity to retained earnings

---

-500

-200

-

-

-701

Balance as of April 1, 2019
Profit for the period

Acquisition of treasury stock

Total transactions with owners
Balance as of Jun. 30, 2019--2,696-0-500

-200

-

1,157

455

45,04967,347-115,844-

171,634-1,306-54,453

115,874

Equity attributable to owners of the parent
Non-controlling interests

Retainedearnings

Total equity

Total

1,226,224

1,346,902

526,725

1,873,627

17,401

17,401

5,990

23,391Other comprehensive income(loss)--6,010-5,646-11,657

Comprehensive income for theperiod

17,401

11,391

343

11,734

Acquisition of treasury stock--0--0

Disposal of treasury stock-0-0-24,253-24,253-6,024-30,278--1,5382,222683

701---

Balance as of April 1, 2019
Profit for the period

Dividends
Changes in the ownershipinterest in subsidiaries
Transfer from other componentsof equity to retained earnings
Total transactions with owners-23,552-25,793-3,801-29,595

Balance as of Jun. 30, 2019

1,220,073

1,332,500

523,266

1,855,767- 5 -FY2021 1st Quarter(Apr. 1, 2020 through Jun. 30, 2020)(Million Yen)
Equity attributable to owners of the parent
Other components of equity

Capitalstock

Capitalsurplus

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

Exchangedifferencesontranslationof foreign
operations

Cash
flow
hedgesTotal

45,04967,070-115,770-

146,983-839-67,792

78,351

-

-

-

-

--

-

-

Other comprehensive income(loss)---

5

16,70962

3,153

19,930Comprehensive income for theperiod

-

-

-

5

16,70962

3,153

19,930

-

-

-0
-

-

-

-

-

-

Changes in the ownershipinterest in subsidiaries

-

6,930

-

-

----

Transfer from other componentsof equity to retained earnings

---

-5

-1,449---1,454

Balance as of April 1, 2020
Profit for the period

Acquisition of treasury stock
Dividends

Total transactions with owners
Balance as of Jun. 30, 2020

-

6,930

-0

-5

-1,449---1,45445,04974,000-115,771-

162,243-776-64,639

96,827

Equity attributable to owners of the parent
Non-controlling interests

Retainedearnings

Total equity

Total

1,205,465

1,280,165

515,529

1,795,695-50,306-50,306-9,403-59,709

Other comprehensive income(loss)-

19,9302,807

22,737

Comprehensive income for theperiod-50,306-30,375-6,596-36,972-16,170-0-16,170-1,600-0-17,770-

6,930-303,892-296,961

1,454

---

Balance as of April 1, 2020
Profit for the period

Acquisition of treasury stock
Dividends
Changes in the ownershipinterest in subsidiaries
Transfer from other componentsof equity to retained earnings
Total transactions with owners-14,715-9,239-305,492-314,732

Balance as of Jun. 30, 2020

1,140,443

1,240,549

203,440

1,443,989- 6 -(4) Notes to the Consolidated Financial Statements(Going concern assumption)
None(Material subsequent events)
None- 7 -