FY2014 Consolidated Financial Results [Japanese Standard］(April 1, 2013 through March 31, 2014)
April 25, 2014
This translation may be used only for reference purposes. This English version is a summary of theoriginal Japanese document. In cases where any differences occur between the English version and theoriginal 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.
The Tokyo and Nagoya
Company Name
Listed on
AISIN SEIKI Co., Ltd.
Stock Exchanges (1st division)
Code Number
7259
URL
http://www.aisin.com/
Representative
Fumio Fujimori, President+81 - 566 - 24 - 8265
Contact person
Tomohiro Mamiya
TEL
General Manager, Finance & Costing Dept.
The scheduled date of the annual regular general meeting of shareholders: June 18, 2014
Scheduled filing date for reporting on EDINET: June 19, 2014
The expected date of dividends payment: June 19, 2014
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 FY2014（Apr. 1, 2013 through Mar. 31, 2014）(1)Consolidated Financial Results（Percent indications show the percentage of changes from corresponding figures for the previous period）

Net Sales
FY2014FY2013Operating Income

Ordinary Income

Net Income

Million Yen％

Million Yen％

Million Yen％

Million Yen％

2,822,215
2,529,964

11.6
9.8

171,196
148,892

15.0
22.2

189,462
158,725

19.4
22.9

90,08977,51816.2
39.7

Note : Comprehensive income FY2014: 185,228 million yen (-2.3%), FY2013: 189,543 million yen (149.3％）

Fully Diluted Earnings
Per Share

Earnings Per ShareFY2014FY2013Return on Equity

Ratio of Operating
Income to Net Sales

Return on Assets

Yen

Yen

％

％

％

319.48275.05318.51275.00

9.7
9.8

7.8
7.3

6.1
5.9

Reference : Equity income FY2014 : 8,533 million yen , FY2013 : 6,988 million yen(2)Consolidated Financial Position
Total Assets

FY2014FY2013

Net assets excluding
subscription rights to sharesand minority interests as apercentage of total assets

Net Assets

Million Yen

Million Yen％

2,587,623
2,248,100

1,328,503
1,136,343

38.6
38.1

Reference : Net assets excluding subscription rights to shares and minority interests

Net assets excluding
subscription rights to sharesand minority interests
per shareYen

3,542.60
3,038.88

FY2014 : 999,540 million yen, FY2013 : 856,519 million yen(3)Consolidated Cash Flows
From operating
activities
FY2014FY2013

From investing
activities

From financing
activities

Cash and cash
equivalents
at the end of FY

Million Yen

Million Yen

Million Yen

Million Yen

286,606
256,343-265,405-198,693-1,886-43,967

328,024
298,197

２. Cash Dividends
Annual Cash Dividends Per ShareFY2013
FY2014FY2015(Forecast)

1st quarter2nd quarter3rd quarter

4th quarter

Yen

Yen

Yen

Yen

Dividends total

FY Total
Yen

―
―

25.00
35.00

―
―

50.00
60.00

75.00
95.00

―

45.00

―

50.00

95.00

Dividends
Payout Ratio

Ratio of Total Amountof Dividends toShareholders' Equity

Million Yen％％

21,13826,797

27.3
29.7

2.7
2.9

30.8

３. Consolidated forecast for FY2015 (Apr. 1, 2014 through Mar. 31, 2015)（Percent indications show the percentage of changes from corresponding figures for the previous year）

Net Sales
1st Half of FY2015
FY2015

Operating Income

Ordinary Income

Million Yen％

Million Yen％

1,380,000
2,825,000

-0.5
0.1

65,000172,000-24.7
0.5

Million Yen

Net Income％

70,000 -27.1
184,000-2.9

Million Yen

Earnings Per Share％Yen

33,000 -32.9
87,000-3.4

116.96308.35

４. Others(１)Changes in significant subsidiaries： None(2)Changes in accounting policies, accounting estimation and restatement①Changes according to revision of accounting standard ： Yes②Other changes： None③Accounting estimation changes ： None
④Retrospective restatement： None(3)Issued and outstanding capital stock
Number of shares issued as of the①
respective balance sheet date
Number of treasury stock as of the②
respective balance sheet date
Average number of shares issued③
during the fiscal year

FY2014

294,674,634 shares

FY2013294,674,634 shares

FY2014

12,525,436 shares

FY2013

12,820,570 shares

FY2014

281,991,108 shares

FY2013281,831,499 shares※ Explanation regarding the review procedure
At the time of this submission we are currently in process of being reviewed for the quarterly securities report.
※ Explanation regarding the appropriate use of forecasts, and other statements(Note concerning forecast)
Forecasts above are based on AISIN's plans and expectations. These are not guarantees of future performance including
known and unknown risks, uncertainties and other factors that may cause actual results, performance, achievements orfinancial position to be materially different from the forecasts expressed or implied in this report.

５. Consolidated financial statements(１） Consolidated balance sheets（Million Yen）

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Electronically recorded monetary claims-operating
Short-term investment securities
Merchandise and finished goods
Work in process
Raw materials and supplies
Deferred tax assets
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Lease assets
Accumulated depreciation
Lease assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Net defined benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

FY2013(As of Mar. 31. 2013)

FY2014(As of Mar. 31. 2014)

213,409311,667
40,607
149,120
79,94550,93349,93760,33848,631-831
1,003,761

262,398
348,51339,082
175,768
81,47654,35061,78564,391
61,473-933
1,148,306

621,101-374,201
246,900
1,458,482-1,156,989
301,492
266,641-235,336
31,304
118,132
2,312-1,167
1,145
71,683
770,658
22,053

672,547-400,464
272,083
1,605,896-1,244,512
361,384
291,275-253,927
37,347
119,964
2,570-1,436
1,134
78,579870,492
25,252

376,436－
46,16929,354-333
451,627
1,244,339
2,248,100

458,324
18,801
44,59522,317-467
543,572
1,439,317
2,587,623

（Million Yen）

Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable
Current portion of bonds
Accrued expenses
Income taxes payable
Provision for product warranties
Other provision
Other
Total current liabilities
Noncurrent liabilities
Bonds payable
Long-term loans payable
Deferred tax liabilities
Provision for retirement benefits
Provision for directors' retirement benefits
Net defined benefit liability
Other
Total noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Subscription rights to shares
Minority interests
Total net assets
Total liabilities and net assets

FY2013(As of Mar. 31. 2013)

FY2014(As of Mar. 31. 2014)

321,033
59,472
10,063
159,31132,51318,901
2,066
80,263
683,626

351,176
79,05835
177,559
27,702
19,2962,129
96,631
753,588

60,150208,341
42,084
103,175
5,940
－
8,438
428,130
1,111,757

80,118235,838
63,422－
6,193
109,194
10,765505,531
1,259,120

45,04959,193708,039-20,175
792,107

45,04959,504
777,154-19,718
861,990

99,009-1,311-33,286－
64,411
2,793
277,030
1,136,343
2,248,100

129,943
-999
5,642
2,963
137,550
2,384
326,578
1,328,503
2,587,623

(２） Consolidated statements of operation and comprehensive income- Consolidated statements of income （Million Yen）

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Freightage and packing expenses
Provision for product warranties
Salaries and allowances
Provision for directors' bonuses
Provision for directors' retirement benefits
Other
Total selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Equity in earnings of affiliates
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on sales and retirement of non-current assets
Other
Total non-operating expenses
Ordinary income
Income before income taxes and minority interests
Income taxes-current
Income taxes-deferred
Total income taxes
Income before minority interests
Minority interests in income
Net income

FY2013(Apr. 1, 2012 throughMar. 31, 2013)
2,529,964
2,182,892
347,071

FY2014(Apr. 1, 2013 throughMar. 31, 2014)
2,822,215
2,412,135
410,079

35,545
1,138
55,7091,755
1,030
103,000
198,178
148,892

38,404989
63,782
1,834
1,091
132,781
238,883
171,196

2,106
3,187
6,988
19,02231,304

1,804
6,271
8,533
17,661
34,271

5,454
4,116
11,901
21,471
158,725
158,725
56,062-11,427
44,634
114,090
36,571
77,518

6,247
3,059
6,698
16,005
189,462
189,462
59,935-707
59,227130,234
40,14590,089- Consolidated statements of comprehensive income （Million Yen）

Income before minority interests
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Share of other comprehensive incomeof associates accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of the parent
Comprehensive income attributable to minority interests

FY2013(Apr. 1, 2012 throughMar. 31, 2013)
114,090

FY2014(Apr. 1, 2013 throughMar. 31, 2014)
130,234

40,631
91
31,46631,021311
19,942

3,262
75,453
189,543

3,719
54,994
185,228

145,20744,336

139,465
45,763

(３） Consolidated statements of changes in shareholders' equity
FY2013 (Apr. 1, 2012 throughMar. 31, 2013)（Million Yen）
Shareholders' equity

Capital stock
Balance at beginning ofcurrent period
Changes of items during
periodDividends of surplus
Net income
Purchase of treasury
shares
Disposal of treasury
sharesDecrease in treasury
stock as a result of the
exclusion of affiliatedcompany accounted forusing equity method
Net changes of items
other thanshareholders' equity
Total changes of items
during period
Balance at end of current
periodCapital surplus

45,049Retained earnings

59,160Total shareholders'equityTreasury shares

644,612-20,237

728,584-14,091
77,518-14,091
77,518

33

-3

-3

53

87

11

11

―

33

63,42762

63,52345,04959,193708,039-20,175

792,107

Accumulated other comprehensive income

Balance at beginning ofcurrent period
Changes of items during
periodDividends of surplus
Net income
Purchase of treasury
shares
Disposal of treasury
sharesDecrease in treasury
stock as a result of the
exclusion of affiliatedcompany accounted forusing equity method
Net changes of items
other thanshareholders' equity
Total changes of items
during period
Balance at end of current
periodValuation difference
on availablefor-salesecurities

Deferred
gains or losses
on hedges

58,601-1,407

Foreigncurrencytranslation
adjustment-60,471

Total
Subscription
Minority
accumulated
rights tointerests
othersharescomprehensive
income-3,277

2,563

241,436

Total net
assets969,307-14,091
77,518-387

1140,407

95

27,18567,688229

35,594

103,51240,407

95

27,18567,688229

35,594

167,035

99,009-1,311-33,286

64,411

2,793

277,030 1,136,343

FY2014 (Apr. 1, 2013 throughMar. 31, 2014)（Million Yen）
Shareholders' equity

Capital stock
Balance at beginning of current
periodChanges of items during period
Increase (Decrease) during
theperiod change in accounting
period of subsidiaries
Dividends of surplus

Capital surplus

45,049Retained earnings

59,193708,039-20,175

792,107

2,986

2,986

-23,961-23,961

90,089Net income

90,089Purchase of treasury shares
Disposal of treasury shares
Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of current
periodTotal shareholders'equityTreasury shares

311

-12

-12

469

780

―

311

69,114457

69,88245,04959,504

777,154-19,718

861,990

Accumulated other comprehensive income
Valuation difference
on availablefor-salesecurities
Balance at beginning of current
periodChanges of items during period
Increase (Decrease) during
theperiod change in accounting
period of subsidiaries
Dividends of surplus

99,009Foreign
DeferredRemeasurecurrency
gains orments oftranslation
lossesdefinedon hedges adjustment benefit plans-1,311-33,286―

Total
accumulated
othercomprehensive
incomeSubscription
rights tosharesMinority
interests

Total net
assets64,411

2,793

277,030

1,136,343

2,986-23,961
90,089Net income
Purchase of treasury shares-12

Disposal of treasury shares
Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of current
period780
30,933311

38,9292,963

73,138-408

49,547122,277

30,933311

38,9292,963

73,138-408

49,547

192,160

129,943

-999

5,642

2,963

137,550

2,384

326,578

1,328,503

（Million Yen）

FY2012FY2013(Apr. 1, 2011 through (Apr. 1, 2012 throughMar. 31, 2012)
Mar. 31, 2013)
Total net assets
Balance at the beginning of current period
Changes of items during the period
Dividends from surplus
Net income
Purchase of treasury stock
Disposal of treasury stock
Decrease in treasury stock as a result of the exclusion of affiliatedcompany accounted for using equity method
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period

917,704

969,307-14,081
55,497-4875-14,091
77,518
-3
87

－

11

9,315
51,603
969,307

103,512167,035
1,136,343

(4） Consolidated statements of cash flows（Million Yen）

FY2013
FY2014(Apr. 1, 2012 through (Apr. 1, 2013 throughMar. 31, 2013)
Mar. 31, 2014)
Net cash provided by (used in) operating activities
Income before income taxes and minority interests
Depreciation and amortization
Decrease (increase) in notes and accounts receivable-trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable-trade
Other, net
SubtotalInterest and 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 and securities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of investment securities
Proceeds from sales and redemption of investment securities
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
Proceeds from long-term loans payable
Repayment of long-term loans payable
Proceeds from issuance of bonds
Redemption of bonds
Cash dividends paid
Cash dividends paid to minority shareholders
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
Cash and cash equivalents at beginning of period
Net increase (decrease) in Cash and Cash Equivalents resulting fromunification of accounting period.
Cash and cash equivalents at end of period

158,725
139,265
32,870-5,577-42,707
21,198
303,773
7,377-5,403-49,404
256,343

189,462
149,0382,550-2,382
7,010
6,596
352,276
10,149-6,119-69,700
286,606

26,741-199,551
6,456-58,081
32,912-7,170-198,693-37,216-195,394
6,512-59,180
27,625-7,751-265,405

6,571
20,489-47,787－-63-14,087-10,920
1,830-43,967
8,857
22,540275,656

2,223
58,363-40,707
20,000-10,062-23,927-11,434
3,658-1,886
5,426
24,740298,197－

5,086

298,197

328,024

【Segments information】
1. General information about reportable segments
The reportable segments of the Group are components for which financial information is available
and whose operating results are periodically reviewed by the Board of Directors to make decisions
about allocation of resources and to assess performance.
Majority of the Group's (composed by the company and its core subsidiaries ) business is production
and sales of automotive parts. The business is divided into four core segments and the strategy considering
overall domestic and oversea operation for its sales and service is controlled mainly by Company and its
three core subsidiaries. Therefore reportable segments and its product and service are as follows.
Segment
Product and service
Overall automotive parts and related service, Lifestyle & Energy related
AISIN Seiki GroupAISIN 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

2. Sales and profit by reportable segments【Group segments】
FY2013(Apr. 1, 2012 through Mar. 31, 2013)
Aisin
Seiki
Group
Net sales(1) Sales to third parties（Million Yen）

Group Segments
Aisin
Aisin AW Advics
Takaoka
Group
Group
Group

Total

897,705

134,023

949,218

415,310 2,396,257(2) Inter-segment

298,093

81,46925,94031,919

Total
Segment profits (loss)

1,195,798
52,430215,492
9,579

975,159
64,598447,229 2,833,679
12,829 139,437

437,422

OthersTotal

133,706 2,529,964
53,021

490,443

186,727 3,020,407
8,858 148,296

Note: Others includes ommited non-core groups that manufactures and sells automotive parts
FY2014(Apr. 1, 2013 through Mar. 31, 2014)
Aisin
Seiki
Group
Net sales(1) Sales to third parties

1,037,893(2) Inter-segment

315,766

Total
Segment profits (loss)

1,353,659
59,228（Million Yen）

Group Segments
Aisin
Aisin AW Advics
Takaoka
Group
Group
Group

Total

OthersTotal

153,331 1,027,967

477,800 2,696,993

125,222 2,822,215

94,08333,70559,48825,078247,415 1,053,045
9,368
81,281

468,633

511,505 3,165,626
14,090 163,968

528,122

184,711 3,350,338
6,976 170,945

Note: Others includes ommited non-core groups that manufactures and sells automotive parts3. Discrepancy between reportable segments and consolidated financial statements（Million Yen）

Profit

FY2013

FY2014

Reportable Segment Total"Others" profit
Inter-segment elimination
Other adjustment
Consolidated finacial statement(Operating profit)

139,437

163,968

8,858

6,976

685

445

-88

-193

148,892

171,196【Amounts per share】
FY2013(Apr.1,2012 through Mar.31,2013)(1) Net assets excluding sharesubscription warrant andminorityinterest per share（Yen）

FY2014(Apr.1,2013 through Mar.31,2014)(1) Net assets excluding share

3,038.88 subscription warrant and

3,542.60

minorityinterest per share（Yen）(2) Earnings per share（Yen）

275.05 (2) Earnings per share（Yen）(3) Fully diluted earnings per share（Yen）

275.00 （Yen）

319.48(3) Fully diluted earnings per share
318.51

Note : Bases for calculation
1. Net assets excluding share subscription warrant and minority interest per share
FY2013(As of Mar. 31. 2013) FY2014(As of Mar. 31. 2014)

Total net assets（in Million Yen）
Amounts deducted from total net assets（inMillion Yen）
Subscription warrant
Minority interests
Total net assets related to common stock（inMillion Yen）
Number of common stocks used to determine
equity per share（thousand shares）

1,136,343

1,328,503

279,823

328,963-2,793-2,384-277,030-326,578

856,519

999,540

281,854282,149

2. Earnings Per Share and Fully Diluted Earnings Per Share

Earnings per share
Net income or loss
Amount not attributable to the common
stockholders（in Million Yen）
Net income or loss related to common stock（in Million Yen）
Number of average common Stocks（thousand shares）
Fully diluted earnings per share
Adjustment in net income （in Million Yen）
Increase in common stocks（thousand shares）(Subscription warrant（thousand shares）)

Diluted net income per share which is notpresented because the Company has no
securities with dilutive effects

Significant subsequent events： NoneFY2013(As of Mar. 31. 2013)

FY2014(As of Mar. 31. 2014)

77,51890,089――77,51890,089281,831281,991

―

―

57

856

(57)
Number of subscription rights
issued as of the annual general
meeting of shareholders :June 21, 2007 3,120 shares
June 20, 2008 7,390 shares
June 21, 2011 11,630 shares(856)