(For reference purposes only)
1 23456789 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41

Consolidated Financial Results for the 1st Quarterof the Fiscal Year Ended March 31, 2023 [Japanese Standard]August 9, 2022
Stock exchange: Tokyo
Listed company name: AIDA ENGINEERING, LTD.
Stock code:
6118 (URL https://www.aida.co.jp/en/)
Representative:
Kimikazu Aida, Chairman & President (CEO)Contact:
Hiromitsu Ugawa, Director, Managing Executive Officer, Division Manager, General Administration Headquarters
Tel: +81-42-772-5231
Scheduled date of filing quarterly securities report:
August 9, 2022
Scheduled beginning date of dividend payment:－Preparation of supplemental explanatory materials:
Yes
None
Holding of quarterly financial results briefing:(Figures are rounded down to the nearest million yen)
1. Consolidated Results for 1st Quarter of the Fiscal Year Ended March 31, 2023 (April 1, 2022 to June 30, 2022)(1) Consolidated Financial Results

Net sales
Three months ended June 30, 2022
Three months ended June 30, 2021
Note: Comprehensive income（Percentages represent change compared to the previous period)
Net income attributable toOrdinary income
owners of parent

Operating income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

13,6654.5(121)－(117)－(175)－

13,079

23.9

270

50.7

380

64.0

226

－

Three months ended June 30, 2022
Three months ended June 30, 2021

(27) million yen
617 million yen((－ %)
34.5 %)

Diluted net income pershare

Net income per share
YenYenThree months ended June 30, 2022

(2.94)－Three months ended June 30, 2021

3.79

3.79

(2) Consolidated Financial Position
Total assets

Shareholders' equity ratio

Net assets per share

Millions of yen%

Yen

113,792

76,53367.2

1,280.43

78,66468.4

1,304.89

As of June 30, 2022

113,933

As of March 31, 2022
Reference: Shareholders' equity

Net assets

Millions of yen

As of June 30, 2022
As of March 31, 2022

76,442 million yen
77,901 million yen

2. Cash Dividends
Cash dividends per share
1Q End2Q End3Q EndYear-end

TotalYen

Yen

Yen

Yen

Yen

Year ended March 31, 2022

―――

25.00

25.00

Year ended March 31, 2023

―－―

30.00

30.00

Year ended March 31, 2023 (forecast)
Note: Revision of dividend forecast for this period: None

3. Forecasts of Consolidated Results for the Fiscal Year Ended March 31, 2023 (April 1, 2022 to March 31, 2023)（Percentages represent change compared to the previous period)
Net sales

Operating income

Net income attributableto owners of parent

Ordinary income

Net income per share

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

36,000

33.8

2,700

238.0

2,800

190.8

2,000

261.8

33.50

72,000
Full year ended March 31, 2023
Note: Revision of forecasts of consolidated results: None

15.3

5,500

119.5

5,700

134.3

4,000346.2

67.00

Six months ended September 30, 2022

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41
4. Others(1) Changes in significant subsidiaries during the period: None
(2) Application of special accounting treatment used in preparation of the quarterly consolidated financial statements: Yes
Note: This refers to whether these above were used for preparing quarterly consolidated financial statements.
(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1. Changes in accounting policies due to revisions of accounting standards: Yes
2. Changes in accounting policies other than "1": None
3. Changes in accounting estimates: None
4. Retrospective restatement: None
(4) Number of issued shares (common shares)
1. Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2022
69,448,421 shares
As of March 31, 2022
69,448,421 shares
2. Total number of treasury shares at the end of the period
As of June 30, 2022
9,747,868 shares
As of March 31, 2022
9,748,838 shares
3. Average number of shares outstanding during the period
Three months ended June 30, 2022
59,699,645 shares
Three months ended June 30, 2021
59,695,051 shares

Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
Statement for proper use of business forecast and other special remarks:
The above forecasts and those presented in appended material are based on the information presently available.
Actual results may differ from these forecasts due to changes in various factors.

Table of Contents - Attachments
1. Qualitative information on the financial results for the period under review ................................................. 2(1) Operating results ........................................................................................................................................ 2(2) Financial position ....................................................................................................................................... 3(3) Consolidated financial results forecast and other forward-looking information ........................................ 3
2. Consolidated Financial Statements ................................................................................................................. 4(1) Consolidated Balance Sheets ..................................................................................................................... 4(2) Consolidated Statements of Income and Comprehensive Income ............................................................. 6(3) Notes to Going Concern Assumption ......................................................................................................... 8(4) Notes Regarding Remarkable Fluctuation in Shareholders' Equity ............................................................. 8(5) Accounting Policies Adopted Specially for the Preparation of
Quarterly Consolidated Financial Statements ............................................................................................. 8(6) Changes in Accounting Policies ................................................................................................................. 8(7) Segment Information .................................................................................................................................. 83. Supplementary Information ............................................................................................................................ 9Status of Orders .......................................................................................................................................... 911. Qualitative information on the financial results for the period under review(1) Operating resultsDuring the three months ended June 30, 2022, the global economy was in a recovery phase from COVID-19, but
the overall economy was slowing down due to soaring global prices, shortages of semiconductors and electroniccomponents, and the slowdown of the Chinese economy. Going forward, further downside risks are unavoidable dueto the prolongation of these problems, energy shortages caused by the issues between Russia and Ukraine, and China's
zero-COVID policy.
In the metalforming machinery industry, the Japan Forming Machinery Association reported that orders for pressmachines received in the three months ended June 30, 2022 increased 49.7% year on year to ¥46,709 million, reflecting
robust domestic and overseas demand.
Under these conditions, orders received by Aida Engineering, Ltd. (the “Company”) and its group companies(collectively, the “Group”) in the three months ended June 30, 2022 reached a record high of ¥31,773 million (up54.5% year on year) on a quarterly basis, supported by increased demand related to electric vehicles, and the orderbacklog as of June 30, 2022 also reached a record high of ¥73,251 million (up 32.8% from the end of the previous
fiscal year).
Net sales were ¥13,665 million (up 4.5% year on year), mainly due to an increase in sales of medium- and largesized press machines based on percentage-of-completion projects. However, sales were lower than initially expected
due to sales delays mainly caused by a shortage of electronic components and lockdowns in China.
In terms of profit, operating loss was ¥121 million (operating profit of ¥270 million in the same period of theprevious year), ordinary loss was ¥117 million (ordinary profit of ¥380 million in the same period of the previousyear), and loss attributable to owners of parent was ¥175 million (profit attributable to owners of parent of ¥226 million
in the same period of the previous fiscal year) due to factors such as the sales shortfall stated above, soaring costs of
raw materials, subcontracting, and logistics, lower gross profit margins caused by sales delays in high value-addedpress projects and service work, and increased SG&A expenses.
Operating results by segment during the three months ended June 30, 2022 were as follows.
Japan:

China:

Asia:

Americas:

Europe:Net sales were ¥8,917 million (up 12.1% year on year) due to an increase in sales of pressmachines, but segment loss was ¥97 million (segment profit of ¥89 million in the same period of
the previous year) due to the lower gross profit margins resulting from soaring costs, etc.
Sales of press machines and services both declined due to lockdowns, resulting in net sales of¥1,772 million (down 7.5% year on year). Segment profit was ¥28 million (down 85.0% year onyear) due to lower sales.
Net sales were ¥2,203 million (up 78.9% year on year) due to an increase in sales of large pressmachines to external customers. Segment profit was ¥95 million (up 45.1% year on year) due to theeffect of increased sales despite a decline in gross profit margins due to soaring costs.
Net sales increased to ¥3,653 million (up 26.6% year on year) due to an increase in sales of pressmachines. However, segment loss was ¥98 million (segment loss of ¥42 million in the same periodof the previous year) due to lower gross profit margins and higher SG&A expenses resulting fromsoaring costs.
Net sales were ¥2,032 million (down 32.9% year on year) due to a decrease in sales of pressmachines despite an increase in sales of services. Segment loss was ¥1 million (segment profit of¥45 million in the same period of the previous year) due to lower sales.

2(2) Financial position
Total assets as of June 30, 2022 decreased by ¥141 million from the end of the previous fiscal year to ¥113,792
million. This is attributable to a ¥4,680 million decrease in cash and deposits, a ¥2,059 million increase in tradereceivables, including notes and accounts receivable - trade, and contract assets and electronically recorded monetaryclaims - operating, a ¥3,269 million increase in inventories and a ¥1,318 million decrease in investment securities.
Total liabilities increased by ¥1,989 million from the end of the previous fiscal year to ¥37,259 million. This is
attributable to a ¥829 million decrease in trade payables, including accounts payable - trade and electronically recorded
obligations – operating, a ¥978 million decrease in accounts payable - other and a ¥4,015 million increase in contract
liabilities.
Net assets decreased by ¥2,130 million from the end of the previous fiscal year to ¥76,533 million. This is
attributable to a ¥1,778 million decrease in retained earnings due to cash dividends, a ¥925 million decrease invaluation difference on available-for-sale securities and a ¥1,491 million increase in foreign currency translation
adjustment. Shareholders' equity ratio was 67.2% as of June 30, 2022.
(3) Consolidated financial results forecast and other forward-looking information
The forecasts of consolidated results for the fiscal year ending March 31, 2023, which the Company announced onMay 16, 2022, remain unchanged.

3

2. Consolidated Financial Statements(1) Consolidated Balance Sheets(Millions of Yen)
As of March 31, 2022
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsElectronically recorded monetary claims - operating
Finished goods
Work in process
Raw materials and supplies
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, netLand
Construction in progress
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Insurance funds
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

4

As of June 30, 2022

35,03130,351

17,69019,652

1,087
4,135
13,0194,420
3,358(1,040)77,703

1,184
5,081
15,1004,663
3,454(1,039)78,44825,709(18,481)
7,227
18,849(13,822)
5,027
7,263
1,437
3,925
(3,418)506
21,462
1,179

26,176(18,857)
7,319
19,991(14,598)
5,392
7,293
1,135
4,093
(3,567)526
21,667
1,267

10,469
1,891
820
285
153
(32)
13,58836,230113,933

9,151
2,009
829
294
157
(32)
12,40935,343
113,792

(Millions of Yen)
As of March 31, 2022
Liabilities
Current liabilities
Accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Accounts payable - other
Income taxes payable
Contract liabilities
Provision for product warranties
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Provision for loss on orders received
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Long-term accounts payable - other
Deferred tax liabilities
Provision for share awards
Retirement benefit liability
Asset retirement obligations
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
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

5As of June 30, 2022

6,137
2,888
1,094
1,612
175
12,091
4971,020

5,936
2,259
570
633
124
16,106
522
591

22

8

211
2,398
28,150169
3,329
30,253

1,500
924
2,336
510
1,456
9
380
7,119
35,269

1,500
1,027
1,933
560
1,453
9
521
7,005
37,2597,831
12,83655,511(5,250)70,927

7,831
13,00753,732(5,250)69,320

4,815
(295)
2,365
87
6,973
91
671
78,664113,933

3,890
(697)
3,857
71
7,121
91
–
76,533
113,792

(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income(Millions of Yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit (loss)
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Loss on restructuring of Europe businessFines
Other
Total non-operating expenses
Ordinary profit (loss)
Extraordinary income
Gain on sale of non-current assets
Subsidy income related to suspension or decrease ofproduction
Total extraordinary income
Extraordinary losses
Loss on sale of non-current assets
Loss on retirement of non-current assets
Loss on suspension or decrease of production
Total extraordinary losses
Profit (loss) before income taxes
Income taxes
Profit (loss)
Loss attributable to non-controlling interests
Profit (loss) attributable to owners of parent

6

Three months ended
June 30, 2021
13,07910,704
2,375
2,104
270

Three months ended
June 30, 2022
13,665
11,491
2,174
2,295
(121)

10
97
1
17
127

21
127
–
24
173

5–
45
2
17
380

4
159
–
–
5169
(117)

2057

7

8

–
5
15
20
367
149
217(8)
2261
4
6
11(120)54(175)–(175)

Consolidated Statements of Comprehensive Income(Millions of Yen)
Three months ended
June 30, 2021
Profit (loss)
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, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

7217

Three months
ended June 30, 2022
(175)

329
4243(15)399617(925)(401)
1,491(16)
148
(27)

625

(27)

(8)

–(3) Notes to Going Concern Assumption
None(4) Notes Regarding Remarkable Fluctuation in Shareholders' Equity
None(5) Accounting Policies Adopted Specially for the Preparation of Quarterly Consolidated Financial Statements(Calculation of tax expenses)
The effective tax rate after the application of tax effect accounting to profit before income taxes for the current
fiscal year is reasonably estimated. Tax expenses are calculated by multiplying profit before income taxes for thequarter by the estimated effective tax rate.
In addition, “income taxes – current” and “income taxes – deferred” are collectively presented as “income taxes.”(6) Changes in Accounting Policies
The Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, June17, 2021; the “Implementation Guidance on Fair Value Measurement Standard”) has been applied since thebeginning of the first quarter of the current fiscal year. In line with the transitional treatment stipulated inParagraph 27-2 of the Implementation Guidance on Fair Value Measurement Standard, the Company will apply
the new accounting policy specified in the Implementation Guidance on Fair Value Measurement Standard
prospectively. This has no effect on the quarterly consolidated financial statements.
(7) Segment Information
Information regarding amounts of sales, profit, assets, other items, and disaggregation of revenue by reportable segment
Three months ended June 30, 2021
(Millions of Yen)Japan

ChinaAsia

Americas

EuropeSubtotal

Adjustments(*1)

Consolidatedstatementsof income(*2)

a. Press Machines

2,625

1,406

269

2,238

2,605

9,144

–

9,144

b. Service

1,432

395

281

617

376

3,104–

3,104

c. Others

800

42–

22830

–

830

Subtotal

4,859

1,806

553

2,856

3,004

13,079–13,079(2) Inter-segment sales

3,099

109

677

29

22

3,938

(3,938)–

Total sales

7,958

1,915

1,231

2,885

3,027

17,017(3,938)13,079

(75)

270

Sales
(1) Sales to third parties

89
187
66
(42)
45345
Segment profit or loss
Notes:
1. Adjustments of sales represent elimination of inter-segment transactions.
Adjustments of segment profit or loss refer to inter-segment transaction eliminations.
2. Segment profit or loss is adjusted to operating profit of consolidated statements of income.

8Three months ended June 30, 2022

(Millions of Yen)
Consolidated
Adjustments
statements(*1)
of income
(*2)

Japan

China

Asia

Americas

EuropeSubtotala. Press Machines

3,198

1,539

944

2,952

1,364

9,998

–

9,998

b. Service

1,276

163

438

502

494

2,876

–

2,876

c. Others

768

10

40

6

790

–

790

Subtotal

5,243

1,712

1,387

3,456

1,865

13,665–

13,665(2) Inter-segment sales

3,674

59

815

197

167

4,914

(4,914)–

Total sales

8,917

1,772

2,203

3,653

2,032

18,580(4,914)

13,665

(97)
28
95
(98)
(1)
(73)
Segment profit or loss
Notes:
1. Adjustments of sales represent elimination of inter-segment transactions.
Adjustments of segment profit or loss refer to inter-segment transaction eliminations.
2. Segment profit or loss is adjusted to operating loss of consolidated statements of income.

(48)

(121)

Sales
(1) Sales to third parties

3. Supplementary Information
Status of Orders
Three months ended June 30, 2022

(Millions of Yen)

OrdersAmountOrder backlog

Comparison with theprevious period (%)

AmountComparison with the endof previous year (%)

Japan

8,163

0.7

21,733

15.5

China

9,884

124.0

19,15974.4

Asia

2,242(3.3)

5,085

20.2

Americas

5,460

87.3

12,72818.7

Europe

6,023

114.3

14,544

40.0

Total

31,773

54.5

73,25132.8

Notes:
1. Inter-segment transactions have been eliminated.
2. Amounts above do not include consumption tax.

9