Summary of Consolidated Financial Results
for the Nine Months Ended December 31, 2010
(April 1, 2010−December 31, 2010)
February 3, 2011
Company Name: Yushin Precision Equipment Co., Ltd.
Securities Code No.: 6482
URL http://www.yushin.com
Listing Exchanges: Tokyo, Osaka stock exchanges, first section
Representative:
Mayumi Kotani, President
Contact:
Satoshi Kimura, Senior Managing Director
Phone:(81)-75-933-9168
Scheduled date of filing of quarterly report: February 14, 2011
Starting date of dividend payment: -Note: This document has been translated from the Japanese original as a guide to non-Japanese investors andcontains forward-looking statements that are based on managements’ estimates, assumptions andprojections at the time of publication.
A number of factors could cause actual results to differ materially from expectations. Amounts shownin this financial statement have been rounded down to the nearest million yen or thousand of yen.
（Figures shown are rounded down to the nearest million yen）

1. Consolidated Business Results for the Nine Months Ended December 31, 2010
(April 1, 2010 – December 31, 2010)(1) Consolidated Results of Operations
Net sales¥ millions%Operating income

Ordinary income¥ millions¥ millions%%

Nine months ended December 31, 2010

8,818(9.3)

697

9.3665(8.1)

Nine months ended December 31, 2009

9,727

(42.0)

638(77.8)724(74.8)

Net income¥ millions
Nine months ended December 31, 2010

412

Net income pershare/dilutedYen

Net income per share%

Yen

2.9‐

23.59

Nine months ended December 31, 2009
400(72.4)
22.92‐(Note)Changes in net sales, operating income, ordinary income and net income from previous fiscal year are shownin percentage on a year-on-year basis.

(2) Consolidated Financial Position
Total assets

Net assets

Equity ratio¥ millions¥ millions%

Net assets pershare
Yen

As of December 31, 2010

21,551

18,22584.4

1,039.72

As of March 31, 2010

20,593

18,11587.8

1,034.11(Reference) Shareholders’ Equity: 18,185 million yen as of December 31, 2010, 18,087 million yen as of March 31,
20102. Dividends
Dividends per share
Record date

1Q

Year ended March 31,2010
Year ending March 31,2011

Total

2Q

3Q

4Q

YenYenYen

Yen

Yen-10.00-5.0015.00

13.00

18.00

5.00

Year ending March 31,2011(Forecast)

Note: Revisions to projected dividends during the nine months ended December 31, 2010: None

3. Consolidated Forecast for the Year Ending March 31, 2011 (April 1, 2010‐March 31, 2011)¥ millions%

Net income
per hareYen

13,450
8.7
1,022
35.7
1,125
29.0
704
AnnualNote: Revisions to projected results during the nine months ended December 31, 2010: None

44.4

40.25

Net sales¥ millions

Operating income%¥ millions%

Ordinary income¥ millions%

Net income

4. Others (Please refer to “2. Other Information” on page 2 of the attached documents for further information)(1) Changes in consolidated subsidiaries during the period: None
Newly added: Excluded: Note: Changes in specified subsidiaries affecting the scope of consolidation during the period(2) Adoption of the simplified accounting methods and special accounting methods: Yes
Note: Application of simplified accounting methods and special accounting methods for presenting quarterly
consolidated financial statements(3) Changes in accounting principles, procedures and presentation methods, etc.
(i) Changes caused by revision of accounting standards: Yes(ii) Other changes: None
Note: Changes in accounting principles, procedures and presentation methods, etc. for presenting quarterlyconsolidated financial statements described in “Changes in the Significant Accounting Policies for thePreparation of Quarterly Consolidated Financial Statements”(4) Issued and outstanding shares
Total number of issued shares at December 31, 2010; 17,819,033 shares
March 31, 2010; 17,819,033 shares
Treasury stock at December 31, 2010; 328,435shares
March 31, 2010; 327,772 shares
Weighted average number of shares for the nine months ended December 31, 2010; 17,490,834shares
For the nine months ended December 31, 2009; 17,491,561 shares* Information regarding the implementation of quarterly review procedures
The current quarterly financial statements are exempted from quarterly review procedures based on theFinancial Instruments and Exchange Act. At the time of disclosure, we have not completed the review process
for these consolidated statements.
* Cautionary statement with respect to forward-looking statements
The forecasts above are based on the information currently available. A number of factors could cause actual
results to differ materially from expectations.

Contents of Attachments
1. Qualitative Information on Quarterly Consolidated Financial Performance ・・・・・・・・・・・（1）Qualitative Information Regarding Consolidated Result of Operation ・・・・・・・・・・・・（2）Qualitative Information Regarding Consolidated Financial Position ・・・・・・・・・・・・（3）Qualitative Information Regarding Prospects for Consolidated Financial Results ・・・・・・・
2. Other Information ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・（1）Changes in the Significant Subsidiaries during this Quarterly Period(due to Changes in the Scope ofConsolidation) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・（2）Adoption of Simplified Accounting Methods and Accounting Methods of Used Specifically for
Quarterly Consolidated Financial Statements ・・・・・・・・・・・・・・・・・・・・・（3）Changes in Accounting Principles, Procedures, and Methods of Presentation, etc., in Preparation of theQuarterly Consolidated Financial Statements ・・・・・・・・・・・・・・・・・・・・・・
3. Consolidated Financial Statements ・・・・・・・・・・・・・・・・・・・・・・・・・・・（1）Consolidated Balance Sheets ・・・・・・・・・・・・・・・・・・・・・・・・・・・・（2）Consolidated Statements of Income・・・・・・・・・・・・・・・・・・・・・・・・・・（3）Notes regarding assumption of continuing operations・・・・・・・・・・・・・・・・・・・（4）Segment information ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・（5）Notes in the event of significant changes in shareholders' equity ・・・・・・・・・・・・・・
4. Supplementary Information ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・（1）Order Receiving and Sales ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・（2）Overseas Sales ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・

122
222222335667888

1. Qualitative Information on Quarterly Consolidated Financial Performance(1) Qualitative Information Regarding Consolidated Result of Operation
During the nine months ended December 31, 2010, although the economic trend of China and the otheremerging countries in Asia showed an expansion mainly by domestic demand-led; corporate earnings
recovery in the United States was not accompanied with increase of the employment and in Europe thefinancial deterioration in several EU member nations made the cause for concern. Standstill state of theeconomy continued in Japan by the severe environment in employment and income and by the sustained
deflation and yen’s appreciation since last summer.
As for industries related to Yushin, in Asia sales for IT and electronic device field was in good condition andthe demand in the car industry showed a recovery trend and also the demand in the medical products and thesundry products field remained strong.
Under these circumstances, Yushin has strengthened sales activity in general-purpose machines by theremained strong demand in the United States and Asia and by the special automation needs in the backgroundof elevated labor cost in China.
Sales of the custom ordered equipments have decreased from the corresponding period of previous year due tothe decrease in backlog of orders in the end of last Fiscal Year.
As a result, order received and backlog of orders increased and our net sales on a consolidated basis was¥8,818 million. Operating income was ¥697 million, ordinary income was ¥665 million and net income was¥412 million.
(2) Qualitative Information Regarding Consolidated Financial Position
Current assets increased by ¥1,079 million from the end of the previous fiscal year to ¥17,602 million. Thiswas due to the increase of ¥800 million in trade notes and accounts receivable and the increase of ¥255 million
in raw material and supplies by the recovery of sales orders.
With little change in fixed assets, total assets increased by ¥957 million to ¥21,551 million.
Current liabilities increased by ¥853 million from the end of the previous fiscal year to ¥3,196 million. Tradenotes payable and accounts payable increased by ¥715 million.
With little change in long-term liabilities, total liabilities increased by ¥847 million to ¥3,325 million.
Net assets increased by ¥110 million to ¥18,225 million, due to the rise of retained earnings by ¥237 million.
(3) Qualitative Information Regarding Prospects for Consolidated Financial Results
No revision has made for the prospects for the fiscal year ending March 31, 2011 which were announced on
May 11, 2010.
2.Other Information(1) Changes in the Significant Subsidiaries during this Quarterly Period(due to Changes in the Scope ofConsolidation):
None(2) Adoption of Simplified Accounting Methods and Accounting Methods of Used Specifically for QuarterlyConsolidated Financial Statements:
1. Simplified Accounting Methods :None
2. Accounting Methods of Used Specifically for Quarterly Consolidated Financial Statements: Corporate
income tax and other taxes are calculated based on estimated effective statutory tax rate for this fiscal year.
Income taxes-differed is included in Corporate income tax and other taxes.
(3) Changes in Accounting Principles, Procedures, and Methods of Presentation, etc., in Preparation of theQuarterly Consolidated Financial Statements:
Beginning with the first quarter of the fiscal year ending March 31, 2011, the Company has applied“Accounting Standard for Asset Retirement Obligations”(ASBJ Statement No.18) and “Guidance on
Accounting Standard for Asset Retirement Obligations” (ASBJ Guidance No.21).The effect of this change onquarterly consolidated financial statements was none.

23. Consolidated Financial Statements(1) Consolidated Balance Sheets(¥ thousands)
Term
Account

Third quarter of 2010
(As of December 31, 2010)

Previous year
(As of March 31, 2010)

ChangeAmountAmountAmount(ASSETS)I

Current assets

17,602,300

16,522,543

1,079,756

Cash and time deposits

9,263,391

9,431,530(168,139)

Trade notes and accounts
receivable

4,084,186

3,283,520

800,666

Securities

900,000

900,000-

Merchandise and products

611,060

436,823

174,236

Work-in-process

662,690

560,152

102,538

1,522,983

1,267,609

255,374

Accrued refunded
corporation tax-234,400(234,400)

Deferred tax assets

310,633

284,91425,719Others264,075

137,804

126,271

Allowance for doubtfulreceivables(16,721)(14,210)(2,510)

Fixed assets3,948,818

4,071,254(122,436)

Property, plant and equipment

3,276,934

3,333,704(56,770)

Buildings and structures

1,009,190

1,090,737(81,547)

Land

2,045,933

2,049,327(3,394)

Others221,810

193,639

28,171Intangible assets

105,165

159,565(54,400)

Investments and other assets

566,718

577,984(11,265)

Investment securities

253,118

278,894(25,776)

Deferred tax assets

67,044

43,221

23,822Others284,672

299,679(15,007)

Allowance for bad debt

(38,116)(43,811)

5,695

Total

21,551,118

20,593,798

957,319

Raw material and supplies

II3(¥ thousands)
TermAccountThird quarter of 2010
(As of December 31, 2010)

Previous year
(As of March 31, 2010)

ChangeAmountAmountAmount(LIABILITIES)I

Current liabilities

3,196,353

2,342,359

853,994

2,173,639

1,458,106

715,533

Accounts payables – other326,876

256,714

70,162

Income tax payable

127,782

30,554

97,227

Accrued employees’ bonuses

90,000210,000(120,000)

Accrued bonuses to directors
and corporate auditors

15,00010,8984,102

Warranty reserve

124,327

135,172(10,844)

Others338,727

240,914

97,813

II Long-term liabilities

129,515

136,212(6,696)

Liabilities for retirement
benefits to directors andcorporate auditors

66,78066,780-

Others62,73569,432（6,696）

3,325,869

2,478,572

847,297

Shareholders’ equity

18,594,654

18,358,040

236,613

Common stock

1,985,666

1,985,666-

Capital surplus

2,023,903

2,023,903-

Retained earnings

14,932,188

14,694,569

237,619

Treasury stock – at cost

(347,104)(346,098)(1,005)

II Valuation and translation
adjustments(409,372)(270,114)(139,258)

51,48068,374(16,894)(460,853)(338,489)(122,363)

39,96727,30012,667

Total net assets

18,225,249

18,115,226

110,022

Total

21,551,118

20,593,798

957,319

Trade notes andaccounts payables

Total liabilities(NET ASSETS)
I

Unrealized gain on available
for sale securities
Foreign currencytranslation adjustments
III Minority interests4(2) Consolidated Statements of Income(¥ thousands)
Term
Account

Nine months ended
December 31, 2009
(April 1, 2009 toDecember 31, 2009)

Nine months ended
December 31, 2010
(April 1, 2010 to
December 31, 2010)

ChangeAmountAmountAmountI

Net sales

9,727,812

8,818,724(909,087)

II

Cost of sales

6,355,954

5,336,699(1,019,255)

3,371,857

3,482,025

110,167

2,733,230

2,784,127

50,896

Operating income

638,627

697,898

59,270IV Non-operating income
Interest income

89,662
52,10064,111
33,673(25,550)(18,426)

Dividend income

3,611

3,958

347

Purchase discount

4,966

6,116

1,149

Gross profit
III Selling, general andadministrative expenses

Foreign exchange gain

9,858-(9,858)

Others19,12520,364

1,238

Non-operating expenses

3,641

96,39392,752Foreign exchange loss-

94,251

94,251

Loss on termination of lease

2,421

211

(2,209)Others

1,219

1,930

710

Ordinary income

724,647

665,616(59,031)

VI Extraordinary income

2,782

748

(2,034)Gain on sales of fixed assets
Gain on sales of investment
securities

2,782-(2,782)

-

748

748

VII Extraordinary losses
Loss on disposals and sales ofproperty
Income before income taxes
and minority interests
Income taxes
Income before minority
interests
Minority interests in netincomeNet income

4,678

287

(4,390)4,678

287(4,390)

722,751

666,076(56,675)

321,252

243,414(77,838)-

422,662422,662630

10,1329,501

400,868

412,529

11,661

V

5

(3) Notes regarding assumption of continuing operations: None
(4) Segment informationa. Industrial segment information: we have only one industrial segment: Elisionb. Geographical segment information
Nine months ended December 31, 2009 (April 1, 2009 to December 31, 2009)(¥ thousands;rounded down)
JapanNorth
America

AsiaEuropeTotal

Eliminations Consolidated

Sales
Sales to customers8,165,202

902,182479,605

180,8219,727,812-

9,727,812

Inter-segment sales

998,845

3,896

88,5288,594

1,099,865(1,099,865)-Total9,164,047

906,078

568,134

189,415

10,827,677(1,099,865)

9,727,812

Operating income

724,352(76,228)(61,488)12,123598,759

39,867

638,627c. Overseas sales
Nine months ended December 31, 2009 (April 1, 2009 to December 31, 2009)(¥ thousands;rounded down)
North America
I

Overseas sales

II

Consolidated sales

III

Ratio of overseas sales on
consolidated sales (%)

AsiaEurope

Other areas

Total

2,839,952

1,580,906

1,749,915

78,993

6,249,767----

9,727,812

29.2

16.2

18.0

0.8

64.2

6

Segment Information
1. Overview of reportable segment
Segments used for financial reporting are the Company’s constituent units for which separate financial
information is available and for which the Board of Directors performs periodic studies for the purposes ofdetermining the allocation of resources and evaluating performance.
Yushin carries out the development, production, sales, and after-sales maintenance of take-out robots forinjection-molded products and peripheral equipment, including labour-saving systems. In the domestic market,
these operations are handled by the Company; overseas markets—North America, Asia (South Korea, Taiwan,Malaysia, Singapore, Thailand, China, and India), and Europe (UK and Slovakia)—are serviced by local
subsidiaries, including Yushin America Inc. (US), Yushin Korea Co., Ltd. (South Korea), and Yushin Automation
Limited (Europe). The local subsidiaries are independently managed units, with separately drafted strategies andactivities.
Accordingly, Yushin's operations, based on its production, sales, and after-sales maintenance setups, aregeographically grouped into four reportable segments: Japan, North America, Asia, and Europe.

2. Information related to sales and profit or loss for each reportable segment
Nine momths ended December 31,2010(April 1 to December 31, 2010) (Units: ¥thousands; rounded down)

Reportable segment
JapanNorth
AmericaAmounts shown on

TotalAsiaEuropeAdjustment*1

quarterly consolidated
statements of income *2

Sales(1) Sales tocustomers(2) Intersegment sales
TotalSegment profit(loss)

6,162,910

1,210,738

1,292,496

152,578

8,818,724-

8,818,724

2,198,978

3,559

180,4109,125

2,392,074(2,392,074)-

8,361,889

1,214,298

1,472,907

161,704

11,210,799(2,392,074)

8,818,724

476,819

107,211

178,675(3,504)759,202(61,304)

697,898

Notes:
1. The ¥(61,304) thousand adjustment to segment loss includes eliminations for inter-segment transactionsof ¥13,567 thousand and inventory adjustments of ¥(74,871) thousand.
2. Segment profit is adjusted to be consistent with operating income shown on the quarterly consolidated
statements of income.
(Additional information)
Beginning with the first quarter of the current fiscal year, the “Accounting Standard for Disclosures aboutSegments of an Enterprise and Related Information” (ASBJ Statement No. 17, March 27, 2009) and“Guidance on the Accounting Standard for Disclosures about Segments of an Enterprise and RelatedInformation” (ASBJ Guidance No. 20, March 21, 2008) have been applied.

(5) Notes in the event of significant changes in shareholders’ equity: None7

4.Supplementary Information(1) Order receiving and Salesa. Order
1) Order received(¥ thousands; rounded down)
Products

Nine months ended

Nine months ended

Changes

December 31, 2009

December 31, 2010

Ratio (%)

Take-out robots

4,468,688

7,108,808

159.1

Custom-ordered equipments

1,130,390

1,159,090

102.5

Parts and maintenance services

1,110,506

1,379,521

124.2

6,709,585

9,647,420

143.8

Total2) Backlog of orders(¥ thousands; rounded down)
Products

Nine months ended

Nine months ended

Changes

December 31, 2009

December 31, 2010

Ratio (%)

Take-out robots

1,020,083

1,731,090

169.7

Custom-ordered equipments

475,257

486,536

102.4

Parts and maintenance services

99,738136,372136.7

1,595,080

2,353,999

147.6

Total

b. Net sales(¥ thousands; rounded down)
Products

Nine months ended

Nine months ended

Changes

December 31, 2009

December 31, 2010

Ratio (%)

Take-out robots

4,032,431

6,340,176

157.2

Custom-ordered equipments

4,499,293

1,013,582

22.5

Parts and maintenance services

1,196,087

1,464,966

122.5

9,727,812

8,818,724

90.7

Total

(2) Overseas sales(¥ thousands; rounded down)Nine months ended December 31, 2009 (April 1, 2009 to December 31, 2009)
North AmericaIOverseas sales

IIConsolidated sales

III

Ratio of overseas sales on
consolidated sales (%)

Asia

EuropeOther areas

2,839,952

1,580,906

1,749,915

78,993

6,249,767––––

9,727,812

29.2

16.2

18.0

0.8

64.2

Nine months ended December 31, 2010 (April 1, 2010 to December 31, 2010)
North America
I

Overseas sales

II

Consolidated sales

III

Ratio of overseas sales on
consolidated sales (%)

Total

AsiaEurope(¥ thousands; rounded down)
Other areas

Total

1,273,205

3,287,036

427,467

124,800

5,112,509−−−−8,818,724

14.4

37.3

4.9

1.4

58.08