For the Fiscal year Ended March 31, 2025 1st Quarter(April 1, 2024 to June 30, 2024)

Financial Results
July 31, 2024
AISIN CORPORATION

For the Fiscal year Ended March 31, 2025 1st Quarter Financial Results/ 2024.7.31 / © AISIN CORPORATION All Rights Reserved.

Overview of FYE2025 1st Quarter Financial Results
FYE2025
1QResults

FYE2025
Forecast

Return toShareholders

Revenue is generally at the same level YoY due to the effect of FX changes andthe others, despite a decrease in sales volume of powertrain units for Europe.
Operating profit is also generally at the same level YoY due to the effect of FX
changes and efforts to improve the corporate structure, despite investments forhuman capital and the future.
The forecast for FYE2025 remains unchanged from the previous announcement,
as 1Q results were largely in line with the previous forecast. We expect revenueof 4,920.0 billion yen and operating profit of 220.0 billion yen by accelerating
sales expansion of electrified products, strengthening of product competitiveness,and reinforcement of group management.

As part of its capital policy to reduce the cost of capital, we have implemented ashare buyback of 100 billion yen (maximum) and will continue considering stable
and continuous shareholder returns over the medium to long term.
For the Fiscal year Ended March 31, 2025 1st Quarter Financial Results/ 2024.7.31 / © AISIN CORPORATION All Rights Reserved.

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Consolidated Financial Results(FYE2025 1st Quarter)

For the Fiscal year Ended March 31, 2025 1st Quarter Financial Results/ 2024.7.31 / © AISIN CORPORATION All Rights Reserved.

1FYE2025 1st Quarter Results Financial Summary（ ）shows rate to Revenue % 【 Billion JPY 】
FYE2024 1st Quarter
Results

1,191.7

Revenue

FYE2025 1st Quarter
Results-

1,184.1

Change Rate％Change-- 7.6- 0.6

Operating Profit

34.4(2.9)

33.7 (2.8)

- 0.7

- 2.2

Profit before
Income Taxes

54.4(4.6)

21.9 (1.9)- 32.5- 59.7

Profit for thePeriod*1

40.9(3.4)

13.6 (1.2)- 27.3- 66.6*1 ：Profit for the period attributable to Owners of the parent

Pre-conditions

USD139JPYCNY

19.6

JPY

Toyota Production

243

10,000unit

Powertrain Unit
Sales*2265（number of elctrification unit*3）(56)

FXRate*2 ： Total sales of AT, CVT, HEV and eAxle

10,000unit

157
21.6244254(56)

JPY+ 18

JPY+ 12.9

JPY+ 2.0

JPY+ 10.2

10,000unit

10,000unit+ 1 10,000unit+ 0.5- 11 10,000- 4.1(+0)

unit(+0.4)*3 ： Total sales of HEV, eAxle
For the Fiscal year Ended March 31, 2025 1st Quarter Financial Results/ 2024.7.31 / © AISIN CORPORATION All Rights Reserved.

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FYE2025 1st Quarter Revenue by CustomerMobility【 Billion JPY 】

Revenue by Customer（Other OEMs）

Energy Solutions and others

1,191.7

1,184.1

28.2

27.1

(2.4%)(2.3%)

366.0

OtherOEMs

797.4

TOYOTAGroup(30.7%)(66.9%)

FYE2024 1Q
Results

350.1(29.6%)

806.9(68.1%)

FYE2025 1Q
Results

Customer
Stellantis
VW & Audi
SUZUKIVOLVOHONDANISSANMITSUBISHI
China FAW
Geely
ChanganAutomobile
OthersTotal(Reference)
Chinese OEMsFYE2024 1Q
Results

FYE2025 1Q
Results

ChangeChangeRate (%)

71.9
48.0
34.9
28.9
17.7
16.9
17.1
9.9
7.0

58.5
43.5
43.3
27.019.2
17.2
13.3
12.6
11.7

- 13.4- 4.5+ 8.4- 1.9+ 1.5+ 0.3- 3.8+ 2.7+ 4.7- 18.6- 9.3+ 24.0
- 6.6+ 8.2+ 2.1- 22.3+ 27.0+ 67.0

9.8

9.7

- 0.1

- 0.7

103.9
366.0

94.1
350.1

- 9.8
- 15.9

- 9.6
- 4.4

44.2

51.9+7.7+ 17.5

For the Fiscal year Ended March 31, 2025 1st Quarter Financial Results/ 2024.7.31 / © AISIN CORPORATION All Rights Reserved.

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FYE2025 1st Quarter Segment Information
FYE2024 1st Quarter Results

FYE2025 1st Quarter Results【 Billion JPY 】

Revenue（YoY- 7.6）

Operating Profit（YoY- 0.7）

- 21.7590.8

569.1+ 43.9

+ 2.2

281.3

- 2.0

237.4

- 14.5- 20.4
99.2

+ 5.0

147.4
132.9
116.8121.8

11.8

- 1.6

9.8

+ 0.7

78.8
1.9

Japan

North
North…
America※Revenue to external customers

EuropeChina

Asia &…
&
Asia
OthersJapan

2.6

North…
North
America

- 0.8
1.7

6.9

14.3
12.1

5.3

0.9

EuropeChina

Asia
Asia&…
&Others

For the Fiscal year Ended March 31, 2025 1st Quarter Financial Results/ 2024.7.31 / © AISIN CORPORATION All Rights Reserved.

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FYE2025 1st Quarter Analysis of Operating Profit【 Billion JPY 】

34.4

FYE2024 1QResults
Sales &Product Mix etc.

Sales Volume
Fluctuations
Sales Price Variance& Product Mix

+13.0

-21.0

Sales & ProductMix etc.
Breakdown- 11.0- 10.0FX Impact+11.5+0.2

FX Impact

Materials/Logistics Cost

Breakdown

Cost Structure
Improvement
・Structural Reforms

Cost Structure Improvement/Structural Reforms

USD+ 6.3

CNY+ 3.3

EUR+ 0.4

THB+ 1.5

Promoting structural reforms in “SPEED&AGILE”
way for “Full Model Change” that “Change
Inside Gain Strength”.
・Improve profitability by launching new products andelectrified products.
・Improve profits of subsidiaries that are facingchallenges.
・Reduction of fixed costs with no exceptions. Etc.

-4.4

Investments for
Human Capital/the Future

33.7

FYE2025 1Q
Results

Investments for Human Capital/the Future・Expand investments in human capital.
・R&D investing in Electrification・intelligenceproducts and CN.
・Investment in preparation for production ofelectrified products. Etc.

For the Fiscal year Ended March 31, 2025 1st Quarter Financial Results/ 2024.7.31 / © AISIN CORPORATION All Rights Reserved.

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(Ref) FYE2025 Forecast Financial Summary (Disclosed on April 26)（ ）Shows Rate to Revenue % 【 Billion JPY 】

FYE2024
Results

FYE2025
Forecast

4,920.0

4,909.5-

Operating profit

143.3

(2.9)

Profit before
Income Taxes

149.8

Profit for thePeriod*1

90.8

Revenue

Change Rate%Change-

+10.5

+0.2

220.0(4.5)+76.7+53.4(3.1)

225.0(4.6)+75.2+50.1(1.8)

130.0(2.6)+39.2+43.2*1 ：Profit for the Period Attributable to Owners of the ParentPre-conditions

FXRate

USD145

JPY145

JPY+0

JPY+0.0

CNY

20.2

JPY

20.0

JPY-0.2

JPY-1.0

10,000unit-3.0Powertrain Unit
Sales*2

1,052

10,000unit（number of electrification unit*3）(226)*2 ： Total Sales of AT, CVT, HEV and eAxle*3 ： Total Sales of HEV, eAxle

1,020
(246)

10,000
Unit

-32
(+20)

For the Fiscal year Ended March 31, 2025 1st Quarter Financial Results/ 2024.7.31 / © AISIN CORPORATION All Rights Reserved.

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(Ref) FYE2025 Analysis of Operating Profit (Disclosed on April 26)【 Billion JPY 】

+63.0

-45.0

143.3

FYE2024
Results

One-time cost
(Quality-related Cost)

Sales &Product Mix etc.

Sales Volume
Fluctuations
Sales Price Variance& Product Mix

Breakdown±0- 45.0

Sales & ProductMix etc.

FX Impact

-2.0

+5.0

FX Impact

Materials/
Logistics Cost

Breakdown

+70.0

-14.3

Cost Structure
Improvement
・Structural Reforms

Investments for
Human Capital/
the Future

Cost Structure Improvement/Structural Reforms

USD- 0.8

CNY- 1.2

EUR+ 0.2

THB- 0.2

Promoting structural reforms in “SPEED&AGILE”
way for “Full Model Change” that “Change
Inside Gain Strength”.
・Improve profitability by launching new products andelectrified products.
・Improve profits of subsidiaries that are facingchallenges.
・Reduction of fixed costs with no exceptions. Etc.

220.0

FYE2025
Forecast

Investments for Human Capital/the Future・Expand investments in human capital.
・R&D investing in Electrification・intelligenceproducts and CN.
・Investment in preparation for production ofelectrified products. Etc.

For the Fiscal year Ended March 31, 2025 1st Quarter Financial Results/ 2024.7.31 / © AISIN CORPORATION All Rights Reserved.

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Business Progress

For the Fiscal year Ended March 31, 2025 1st Quarter Financial Results/ 2024.7.31 / © AISIN CORPORATION All Rights Reserved.

2

Implementation of Capital Policy Aiming to Reduce Capital Costs(Announced June 27th)

Secondary
Offeringof Shares

Cancellation ofTreasury Shares
Stock Split

Diversify shareholder base and increase the number of shareholders who grasp andsupport us from a long-term perspective
Total amount of the selling price：198,291,645,600yen
Number of shares to be offered ：38,941,800shares（The percentage compared to the total number of issued shares(excluding treasury shares):14.5％）*Including secondary offering by way of Over-allotment

Cancellation of treasury stock to eliminate concerns about share dilution
Total number of shares to be cancelled：25,000,000shares（8.5％ of the total number of issued shares before the cancellation）

To create an environment that makes it easier to invest in shares of the Company
and to expand the investor base.
Stocks will be split into three shares per share on September 30,2024(Total number of issued shares prior to the stock：269,674,634shares⇒Total number of issued shares after the stock split：
809,023,902shares)

Stock
Repurchases

Stock repurchases for more business value and investment efficiency
Aggregate amount of repurchase cost：100,000,000,000yen（maximum）
Total number of shares to be repurchased ：17,000,000shares（maximum）（The percentage compared to the total number of issued shares(excluding treasury shares):6.3％）

Aim to achieve sustainable growth and increase corporate value over the mid/long-term by
improving investment efficiency and expanding business in growth areas.
For the Fiscal year Ended March 31, 2025 1st Quarter Financial Results/ 2024.7.31 / © AISIN CORPORATION All Rights Reserved.

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Progress of the 2025 Mid-term Plan（Generate Capital by Balance Sheet Reformation）
Business Assets

Cross-Shareholdings

Global Inventories

Global Inventory Reduction
Business Asset Reduction
Execution of Sale of（ 24.5BJPY in funds generated（ 64.6BJPY※ in funds generated ）Cross-Shareholdings（ 113.4BJPY※ in funds generated ） compared to FYE2022 ）Transfer “entrust” businessand depreciate existing
business assets
Entrust Partners

・Seat Business・Shower Toilet Business・Dissolution of capital relationship with EXEDY
・Other Projects (Ongoing)

Compress to
Pre-COVID19 Level
By FYE2026

Aim for zero

568.8

37titles19titlesAccelerate Reduction ofInefficient assets

・Structural change on surplus assets
・Marge Production companies (Ongoing)

Compress over 100BJPY

Sell over 100BJPY

Compress over 100BJPY

2010

2022

534.1

536.6

544.3

2023

2024

(Billion JPY)

379.9

12titles 11titles
2023

2024
1Q

2025

2020

2021

2022

2025

1Q

Promote Reform 400BJPY, which is 10% of Total Assets, by FYE2026※ Cumulative total from FYE2024 to FYE20251Q
For the Fiscal year Ended March 31, 2025 1st Quarter Financial Results/ 2024.7.31 / © AISIN CORPORATION All Rights Reserved.

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Expand Sales of Electrification Products for BEVAISIN Corporation and BMW Group agree on an e-axle production partnership
AISIN and the BMW Group have agreed on a strategic partnership. The aim of this partnership is acooperation in the field of build-to-print e-axle production by AISIN based on a BMW Group design.
The e-axle will be produced by AISIN in both China and Europe, planned for installation in BMW Groupvehicles in the late 2020s.

BMW×AISINAISIN Corporation and BMW Group agree onan e-axle production partnership（ The e-axle will be produced by AISIN in both China and Czech Republic ）Based on this project, promote further sales expansion
to achieve Mid/Long-term targets
For the Fiscal year Ended March 31, 2025 1st Quarter Financial Results/ 2024.7.31 / © AISIN CORPORATION All Rights Reserved.

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Reference information

For the Fiscal year Ended March 31, 2025 1st Quarter Financial Results/ 2024.7.31 / © AISIN CORPORATION All Rights Reserved.

3

Highlights of Financial Performance
R&D Expenditure／Ratio of R&D Expenditure to Revenue

Revenue／Operating Profit／Operating Profit Ratio
Revenue

R&D Expenditure

Operating Profit Ratio

Operating Profit【 Billion JPY 】【%】

3,525.7 4.1

4,909.5

4,402.8

3,917.4 4.6

4,920.0
4.5

2.9
182.0

145.3

1.3

Ratio of R&D Expenditure to Revenue【%】【 Billion JPY 】

218.6

225.5

225.0

5.0

5.0

4.6

4.6

FYE2022 Results

FYE2023 Results

FYE2024 Results

FYE2025 Forecast

189.8

194.1

5.4

220.0

143.3

57.9
FYE2021 ResultsFYE2022 Results

FYE2023 Results

FYE2024 Results

FYE2025 Forecast

FYE2021 Results

Return on Equity／Return on Invested Capital／
Weighted Average Cost of Capital
ROE

ROIC *CAPEX / DepreciationCAPEX

WACCDepreciation【 Billion JPY 】

【%】

7.5
5.6

8.6
6.6

5.4

5.1

5.6

2.1

FYE2021 Results

FYE2022 Results

FYE2023 Results

6.3
5.3

4.7

7.5
6.3
6.0

240.0

218.7 245.2

FYE2021 Results

FYE2022 Results

190.2

221.4

263.5

259.8
230.0

260.0 260.0

FYE2024 Results

FYE2025 Forecast

1.8
FYE2024 Results

FYE2025 Forecast

FYE2023 Results*Operating Profit after Income Tax / (Inventories + Tangible Fixed Assets + Intangible Assets)

For the Fiscal year Ended March 31, 2025 1st Quarter Financial Results/ 2024.7.31 / © AISIN CORPORATION All Rights Reserved.

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Capital Policy
Our core capital policy is to maximize corporate value by maintaining the balance between “financialsafety” and “capital efficiency”. We regard capitalization ratio*1 as an important financial index toassess our capital structure, and believe the ratio from 25% to 30% represents optimal balance.
Capitalization Ratio*1

Interest-bearing Debt*2（Reflecting “Equity Attributes” of the Hybrid Bonds and Loans*3）

31.0 %

1,005.5

1,795.6

FYE2020 Results

30.7 %

976.0

1,758.6

FYE2021 Results

27.5 %

944.3

1,996.5

FYE2022 Results

Equity【 Billion JPY 】

26.7 %

910.4

1,991.4

FYE2023 Results

20.6 %

20.4 %

2,402.0794.6
FYE2024 Results

2,382.1
780.7
FYE2025 1Q Results

FYE2025 Forecast

In this fiscal year, we start stock repurchases (from July 2024) to pursue capital efficiency.
We will continue considering flexible stock repurchases, taking into consideration the optimal capital
structure level.
*1：Capitalization Ratio (Cap Ratio) = Interest-bearing Debt/(Interest-bearing Debt + Equity)*2： Interest-bearing Debt =Bonds and Loans Payable + Lease Liabilities*3：50% of the Balance of Hybrid Procurement (272.5 Billion JPY) is Considered as Capital on the Rating
For the Fiscal year Ended March 31, 2025 1st Quarter Financial Results/ 2024.7.31 / © AISIN CORPORATION All Rights Reserved.

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Return to Shareholders
Our “Return to Shareholders” policy is to achieve steady dividend payout with a dividend
payout ratio of around 30%. We also continue considering to repurchase Treasury Stockbased on our capitalization ratio and future investment trends.
Profit before Income Taxes／
Profit for the Period Attributable toOwners of the Parent
Profit for the Period Attributable to Owners of the Parent【 Billion JPY 】

225.0

Profit for the Period
Highest Ever

141.9
73.7

149.8

130.0

FYE2023
Results

Highest Ever Last 3years

Highest Ever
600.00200526.66482.31336.93400.00FYE2025
Forecast

FYE2023
ResultsFYE2024
Results

170

180

121.6%

800.00FYE2022
Results

17016040

FYE2024
Results

170120139.77

200.000.0

FYE2022
Results*Pre-Stock Split Conversion
【JPY】

90.8

37.6

Dividends Payout Ratio*Pre-Stock Split Conversion【 JPY 】

219.9

100.0

Dividends per ShareEPS（Basic Earnings per Share）

Profit before Income Taxes

200.0

Dividends per Share／
Dividends Payout Ratio

EPS（Basic Earnings per Share）

FYE2025
Forecast

50.5%
32.3%

37.3%

0

FYE2022
Results

FYE2023
Results

FYE2024
Results

FYE2025
Forecast

For the Fiscal year Ended March 31, 2025 1st Quarter Financial Results/ 2024.7.31 / © AISIN CORPORATION All Rights Reserved.

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【Note on future predictions 】
Excluding matters related to past and current facts, the business results forecasts and forward-looking estimates,
strategies and targets disclosed by the Company are estimates regarding the future. These estimates are formulated from plans,
expectations and judgments made based on information that the Company can obtain at the present time, and certain assumptions
deemed reasonable. Accordingly, actual results may vary from the disclosed business results forecasts, etc.,
due to variable factors with uncertainties, including the economic situation.
AISIN CORPORATION and its employees assume no responsibility whatsoever regarding any losses incurred due to the use ofinformation on our documents.