<Translation>
August 3, 2022

Consolidated Financial Results for the First Quarter
Ended June 30, 2022 <under Japanese GAAP>
Company Name: YUSHIN PRECISION EQUIPMENT CO., LTD.
Listing:
Prime Market of the Tokyo Stock Exchange
Securities code: 6482
URL:
https://www.ype.co.jp/en/
Representative: Takayo Kotani, Representative Director and President
Inquiries:
Kota Oda, Director and Executive Vice President, General Manager of Administration Division
Tel: +81-75-933-9555
Scheduled date to submit quarterly report:
August 9, 2022
Scheduled date to commence dividend payments:
Preparation of supplementary materials on financial results:
None
Holding of financial results briefing:
None(Amounts less than one million yen are omitted, unless otherwise noted)

1. Consolidated Business Results for the First Quarter Ended June 30, 2022
(from April 1, 2022 to June 30, 2022)(1) Consolidated operating results (Cumulative)
Net sales
Three months ended(Percentages indicate year-on-year changes)
Profit attributable toOrdinary profit
owners of parent

Operating profit

Millions of yen% Millions of yen% Millions of yen% Millions of yen%

June 30, 2022

5,096

7.0

504

(6.4)

651

9.7

442

3.1

June 30, 2021

4,763

27.2

539

79.3

593

89.8

429

82.6

Note: Comprehensive income
Three months ended June 30, 2022: 900 million yen [ 122.0 %]Three months ended June 30, 2021: 405 million yen [ 56.6 %]Basic earnings
per share
Three months ended

Diluted earnings
per share
Yen

Yen

June 30, 2022

13.01

-

June 30, 2021

12.62

-

(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen%

As of June 30, 2022

37,89731,592

82.7

As of March 31, 2022

36,892

31,047

83.5

Reference: Equity capital (Net assets less non-controlling interests)
As of June 30, 2022: 31,329 million yen
As of March 31, 2022: 30,794 million yen

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

2. Cash Dividends
Annual dividends per share
1Q
FY2022
FY2023

2Q

3Q

Total

4Q

Yen

Yen

Yen

Yen

Yen

-

9.00

-

10.00

19.00

10.00

-

20.00

30.00

-

FY2023 (Forecast)

Note 1: Revisions to projected dividends most recently announced: None
Note 2: Breakdown of dividends 4Q in FY2023(forecast)Ordinary dividends: 10.00 yen
Commemorative dividends: 10.00 yen (the 50th anniversary of the establishment)

3. Consolidated Earnings Forecasts for the FY2023 (from April 1, 2022 to March 31, 2023)
Net sales(Percentages indicate year-on-year changes)
Basic
Profit attributable toOrdinary profit
earnings
owners of parent
per share

Operating profit

Millions ofyen%Millions ofyen%Millions ofyen%Millions of
yen

%

Yen

10,400

7.0

1,450

7.5

1,450

2.1

1,050

1.9

30.85

22,000
5.4
3,100
7.2
3,100
FY2023
Note: Revisions to projected results most recently announced: None

0.5

2,200

4.2

64.64

First six months ending
September 30, 2022

* Notes(1) Changes in significant subsidiaries during the period (Changes in specified subsidiaries accompanying changes inscope of consolidation): None
(2) Adoption of the special accounting methods: Yes
Note: Please refer to “2. Quarterly Consolidated Financial Statements and Notes, (3) Notes related to quarterly
consolidated financial statements <Adoption of special accounting methods for preparation of quarterly financial
statements>” on page 7 of [Attached Material] for further information.
(3) Changes in accounting policies, changes in accounting estimates, and restatement
1) Changes in accounting policies due to revisions to accounting standards and other regulations:
2) Changes in accounting policies due to other reasons:3) Changes in accounting estimates:
4) Restatement:(4) Number of issued shares (Common stock)1) Number of issued sharesat the end of the period(including shares of treasury shares)
2) Number of shares of treasury sharesat the end of the period
3)

Average number of outstanding shares
during the period

None
None
None
None

As of June 30,
2022

35,638,066
shares

As of March 31,
2022

35,638,066
shares

As of June 30,
2022
Three months
ended June 30,
2022

1,602,838
Shares

As of March 31,
2022
Three months
ended June 30,
2021

1,602,804
shares34,035,245
shares34,035,548
shares* This “Consolidated Financial Results for the First Quarter” report is not subject to quarterly review procedures by certified public
accountant or by auditing firm.
* Cautionary statement with respect to forward-looking statements and other special remarks
The forecasts above are based on the information currently available. A number of factors could cause actual results to differ
materially from expectations.
For more information about these assumptions and notes regarding the use of earnings forecasts, please refer to “1. Qualitative
Information on Quarterly Consolidated Financial Performance, (3) Explanation on the forecast information including consolidated
earnings forecast and others” on page 2 of [Attached Material].
* Disclaimer:This English version is not an official translation 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. YUSHIN PRECISION EQUIPMENT CO., LTD. shall accept no
responsibility or liability for damages or loss caused by any error, inaccuracy, misunderstanding or misspelling with regard to this translation.
This translation may be used only for reference purposes. YUSHIN PRECISION EQUIPMENT CO., LTD. maintains the right to claim
compensation from violators for any damage or loss it may suffer from the violation of these conditions.

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)[Attached Material]

INDEX
1. Qualitative Information on Quarterly Consolidated Financial Performance ··········································· 2(1) Explanation on the business results ······················································································ 2(2) Explanation on the financial condition ··················································································· 2(3) Explanation on the forecast information including consolidated earnings forecast and others ··················· 2
2. Quarterly Consolidated Financial Statements and Notes ································································· 3(1) Quarterly consolidated balance sheets ··················································································· 3(2) Quarterly consolidated statements of income and consolidated statements of comprehensive income ········· 5
Quarterly consolidated statements of income ··········································································· 5
Quarterly consolidated statements of comprehensive income ························································ 6(3) Notes related to quarterly consolidated financial statements ·························································· 7< Notes related to going concern assumption > ·········································································· 7< Notes in the event of significant changes in shareholders’ equity > ················································ 7< Adoption of special accounting methods for preparation of quarterly financial statements > ··················· 7< Segment information > ··································································································· 7
3. Supplemental Information ···································································································· 8(1) Orders, backlog and sales ·································································································· 8(2) Overseas sales ··············································································································· 81YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

1. Qualitative Information on Quarterly Consolidated Financial Performance(1) Explanation on the business results
During the first quarter of the fiscal year under review, the global economy showed positive growth due to theincrease of areas where restrictions on business activities are loosened by the worldwide progress in vaccination
while the future outlook remains uncertain due to the exchange rate fluctuations caused by the drastic depreciationof the yen, steep rise in the raw material and ocean transport cost caused by the geopolitical risk, and adverse effecton production activities caused by global semiconductor shortage.
Under these circumstances, YUSHIN Group has continued to develop new customers on a global scale andexpand business of custom-ordered equipment for medical field, while paying careful attention to the spread of
COVID-19, with the safety of customers, business partners and employees as our top priority. As a result, orders
in the first quarter of the current fiscal year increased significantly compared to the first quarter of the previous
fiscal year. During the fiscal year under review, the sales in Japan and North America increased while the sales oftake-out robot in China decreased due to the lockdown. As a result, consolidated Net sales increased by 7.0% year
on year to 5,096 million yen. Operating profit decreased by 6.4% year on year to 504 million yen due to thedownturn of the gross profit margin caused by raw material price increase, and the rise in sea transportation costs
while there was improvement due to the rise of the consolidated Net sales. Ordinary profit increased by 9.7% year
on year to 651 million yen, and Net income attributable to owners of the parent company increased by 3.1% year
on year to 442 million yen.
During the first quarter of the fiscal year under review, YUSHIN has declared to support for therecommendations of the Task Force on Climate-related Financial Disclosures (TCFD). YUSHIN recognizes
subjects relating to sustainability as one of the most important management tasks that YUSHIN must take actions.
YUSHIN aims to manage business with having less impacts on environment by developing products that cancontribute to energy savings at customers' site, and working on reducing energy consumption and CO 2 emission
at its own activities.

(2) Explanation on the financial condition<Assets>
Total assets increased by 1,004 million yen from the end of the previous fiscal year to 37,897 million yen. Thiswas mainly due to increase of “Cash and deposit” by 562 million yen.
<Liabilities>
Total liabilities increased by 460 million yen from the end of the previous fiscal year to 6,305 million yen. Thiswas mainly due to increase of “Advances received” by 488 million yen.
<Net assets>
Net assets increased by 544 million yen from the end of the previous fiscal year to 31,592 million yen.

(3) Explanation on the forecast information including consolidated earnings forecast and others
No revisions for interim and full year consolidated earnings forecasts have been made for the FY2023 releasedon May 11, 2022.

2

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

2. Quarterly Consolidated Financial Statements and Notes(1) Quarterly consolidated balance sheets
As of March 31, 2022
<ASSETS>
Current assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

3(Thousands of yen)
As of June 30, 2022

12,404,898
5,905,288
1,074,756
1,203,508
3,571,482
348,565(7,869)24,500,630

12,966,969
5,907,618
1,284,358
1,355,690
3,767,050
322,260(5,871)
25,598,076

3,849,455
6,812,488
264,093
10,926,037
186,751

3,810,049
6,827,950
261,785
10,899,784
175,975

263,848
264,457
647,939
181,809(78,488)1,279,566
12,392,355
36,892,986

273,044
261,487
615,915
119,966(46,304)
1,224,109
12,299,869
37,897,946

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(Thousands of yen)
<LIABILITIES>Current liabilities
Notes and accounts payable - trade
Accounts payable - other
Income taxes payable
Advances received
Provision for bonuses
Provision for bonuses for directors
Provision for product warranties
Other
Total current liabilities
Non-current liabilities
Retirement benefit liability
Deferred tax liabilities
Other
Total non-current liabilities
Total liabilities<NET ASSETS>
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

4

As of March 31, 2022

As of June 30, 2022

2,646,295
519,785
560,244
1,162,547
300,053
32,400137,341
310,217
5,668,885

2,825,106
536,725
205,138
1,650,877
162,116
8,475
138,152
591,372
6,117,965

100,40224,17951,807
176,388
5,845,274

107,039
23,26457,623
187,927
6,305,893

1,985,666
2,024,597
27,212,010(1,355,446)
29,866,827

1,985,666
2,024,597
27,314,572(1,355,468)
29,969,368

88,637796,769
41,960927,367
253,516
31,047,712
36,892,986

95,0271,226,062
39,384
1,360,474
262,208
31,592,052
37,897,946

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(2) Quarterly consolidated statements of income and consolidated statements of comprehensive
incomeQuarterly consolidated statements of income
Three months ended
June 30, 2021
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Purchase discounts
Foreign exchange gains
Surrender value of insurance policies
Other
Total non-operating income
Non-operating expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
Total extraordinary income
Extraordinary losses
Loss on sales and retirement of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

5(Thousands of yen)Three months ended
June 30, 2022

4,763,649
2,722,894
2,040,755
1,501,727
539,027

5,096,248
2,998,692
2,097,556
1,593,060
504,495

1,846
2,860
2,049
54,033
3,393
64,182

1,569
4,147
2,044
131,533
7,981
147,277

9,563
149
9,712
593,497483
483
651,289

705
705

149
149

0
0
594,203
161,20600651,439
195,422432,997456,0173,604
429,392

13,102442,915

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

Quarterly consolidated statements of comprehensive income

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income(Comprehensive income attributable to)Comprehensive income attributable to owners of parent
Comprehensive income attributable tonon-controlling interests

6

Three months ended
June 30, 2021
432,997(Thousands of yen)Three months ended
June 30, 2022
456,017(34,930)
9,589(2,185)(27,526)
405,470

6,390
440,267(2,576)444,081900,099

407,883

876,022(2,412)

24,076

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(3) Notes related to quarterly consolidated financial statements< Notes related to going concern assumption >None< Notes in the event of significant changes in shareholders’ equity >None< Adoption of special accounting methods for preparation of quarterly financial statements >Calculation method for tax expenses
The effective tax rate on profit before income taxes for the consolidated fiscal year after the application oftax effect accounting is reasonably estimated, and this estimated rate is applied to profit before income taxes
for the quarterly period under review.

< Segment information >FY2022 1Q (from April 1, 2021 to June 30, 2021)
Information related to sales and profit or loss for each reportable segment(Thousands of yen)
Reportable segment
Adjustment*1

Amounts shownon quarterly
consolidated
statements ofincome *2

4,763,649-

4,763,649

1,325

1,269,476(1,269,476)-

1,506,553

145,152

6,033,126(1,269,476)

4,763,649

126,209(12,860)

607,556(68,529)

539,027

Japan

U.S.A.

Asia

Europe2,320,692

904,641

1,394,487

143,827

Inter-segment sales
1,155,948
or transfers

137

112,065

3,476,641

904,778

380,471

113,736

Total

Net sales
Sales to customers

Total
Segment profit*Notes 1: The (68,529) thousand yen adjustment to segment profit or loss is inventory adjustments.
*Notes 2: Segment profit is adjusted to be consistent with operating profit shown on the quarterly consolidated statements ofincome.

FY2023 1Q (from April 1, 2022 to June 30, 2022)
Information related to sales and profit or loss for each reportable segment(Thousands of yen)
Reportable segment
Total

Adjustment*1

Amounts shownon quarterly
consolidated
statements ofincome *2

Japan

U.S.A.

Asia

Europe2,632,488

1,172,586

1,174,528

116,645

5,096,248-

5,096,248

Inter-segment sales
1,026,203
or transfers

3,495

100,398260

1,130,357(1,130,357)-

Net sales
Sales to customers

Total

3,658,691

1,176,081

1,274,927

116,9056,226,606(1,130,357)

5,096,248

Segment profit or(loss)

281,596

115,500

154,205(35,780)

515,521(11,025)

504,495*Notes 1: The (11,025) thousand yen adjustment to segment profit or loss includes the (3,721) thousand yen inter-segment
transactions and the (7,304) thousand yen inventory adjustments.
*Notes 2: Segment profit is adjusted to be consistent with operating profit shown on the quarterly consolidated statements ofincome.

7

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

3. Supplemental Information(1) Orders, backlog and sales
a. Orders
1) Order received
Products(Thousands of yen)
FY2022 1Q

Take-out robots

Change(%)

FY2023 1Q

3,914,079

4,255,524

108.7

Custom-ordered equipment

868,037

2,043,693

235.4

Parts and maintenance service

858,310909,574

106.0

Total

5,640,427

7,208,792

127.82) Backlog of orders
Products(Thousands of yen)
As of June 30, 2021

Change(%)

As of June 30, 2022

Take-out robots

3,505,980

4,047,512

115.4

Custom-ordered equipment

1,777,969

3,364,634

189.2

Parts and maintenance service

224,442289,936

129.2

Total

5,508,393

7,702,083

139.8

b. Net sales(Thousands of yen)

Products

FY2022 1Q

Take-out robots

Change(%)

FY2023 1Q

3,408,833

3,328,831

97.7

Custom-ordered equipment

513,843888,649

172.9

Parts and maintenance service

840,973878,768

104.5

Total

4,763,649

5,096,248

107.0(2) Overseas sales
FY2022 1Q (from April 1, 2021 to June 30, 2021)
North
America
I Overseas sales

939,926(Thousands of yen)
Asia

Europe1,861,839

Other areas

125,179

131,860

II Consolidated net sales
III Ratio of overseas sales toconsolidated net sales (%)

19.7

39.1

2.6

2.8

64.2

(Thousands of yen)North
AmericaAsia

1,195,164

1,652,065

EuropeOther areas

80,27980,687

II Consolidated net sales
III Ratio of overseas sales toconsolidated net sales (%)

3,058,805
4,763,649

FY2023 1Q (from April 1, 2022 to June 30, 2022)

I Overseas sales

Total

Total
3,008,197
5,096,248

23.5

32.4

8

1.6

1.6

59.0