Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.
The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from thetranslation.

Other Electronic Provision Measures Matters upon
Notice of Convocation for the 51st Ordinary General Meeting of Shareholders(Matters Omitting the Delivery of Documents)

Matters Relating to the Development of Systems to Ensure Proper Operations
Overview of the Business Operations of the Systems to Ensure Proper Operations
Consolidated Statements of Changes in Equity
Basis of Preparing Consolidated Financial Statements and Other Notes
Statements of Changes in Equity
Significant Accounting Policies and Other Notes
For the 51st Fiscal Year (from April 1, 2023 to March 31, 2024)

Of the matters to be provided electronically, the above items are not includedin the documents to be delivered to shareholders who have requested deliveryof written documents in accordance with the provisions of laws and regulations
and Article 14, Paragraph 2 of the Articles of Incorporation.

1. Matters Relating to the Development of Systems to Ensure Proper Operations
The Company has established the basic policy of Internal Control System for the development of a system
to ensure that the performance of duties by Directors complies with laws and regulations, and the Articles
of Incorporation as well as other systems to ensure the propriety of the Company’s operations, as follows.
(Board of Directors Resolution on June 12, 2015) The main points of the basic policy are as follows.
(1) System to ensure that the conduct of business by Directors and employees complies with laws andregulations and the Articles of Incorporation.
The Company provides legal compliance awareness and training to increase compliance awareness andhas established “Whistle-Blowing Regulations” that outlines the process for reporting violations.
(2) System for keeping and managing the information on the business activities of the Company’s
Directors.
Information is maintained and managed in accordance with laws and regulations, and internal policies(“Document Regulations,” “Contract management rules,” “Internal Information Management Regulations,”“Basic policy on information security”, “Information System Management Regulations”, “Personal
Information Management Regulations”, “Personal Information Protection Policy (Privacy Policy)”,“Regulations for the Proper Handling of Specific Personal Information”, etc.)(3) Policies and other systems for managing the risk of loss to the Company and our subsidiaries.
The risk of currently estimated losses is managed by setting up a committee and discussing themaccording to their importance.
Events resulting in losses to the Company would be reported by the responsible officer to Directors andCorporate Auditors and discussed and managed by all officers.
(4) System to ensure the effective conduct of business by Directors of the Company and our
subsidiaries.
The effective conduct of business by Directors is ensured by the following.
[1] The Board of Directors determines significant matters and oversees the conduct of business byDirectors.
[2] Information is shared among Directors, Executives, and Corporate Auditors at executive meetings.
[3] Notification of significant matters on management, understanding of status and business instructions
are conducted at management meetings and YSM management meetings.
[4] At Group company meetings, the information regarding the Company and its subsidiaries is shared andimportant matters are discussed at the Company’s Board of Directors, etc. to resolve issues.
(5) Systems to ensure the proper operation of the corporate group consisting of the Company and its
subsidiaries and to report to the Company on matters concerning the conduct of business byDirectors of subsidiaries.
The Internal Control System is developed as well as “Subsidiaries Management Regulations” which
require subsidiaries to provide regular reports relating on the business results, financial conditions and otherimportant information of subsidiaries.
Group company meetings are held to share information about the Company and its subsidiaries, and theCompany's Board of Directors, etc. discusses and resolves important matters.
(6) System to ensure effective audit by Corporate Auditors
Corporate Auditors attend the meetings of the Board of Directors and necessary important meetings
including the management conference, etc., and read important approval documents and other important
documents concerning the conduct of business and receive explanation from Directors and employees of
the Company and Directors of subsidiaries as necessary.

– 1 –(7) System on employees assisting works of the Company’s Corporate Auditors if Corporate
Auditors require the assignment of the assisting employees.
Employees assisting the work of the Company’s Corporate Auditors may be assigned as needed.
Corporate Auditor shall have the authority to issue instructions and orders to the staff of Corporate Auditor.
(8) System for ensuring that persons reporting to the Board of Corporate Auditors and Corporate
Auditors, etc., are not treated unfavorably on the basis of reporting
The Company shall ensure that executives and employees who report to Board of Corporate Auditors andCorporate Auditors, etc. are not treated unfavorably as a result of the report and shall thoroughly inform theentire company of this.
The “Whistle-Blowing Regulations,” shall prohibit dismissal and give other adverse treatment for thereason of reporting.
(9) Matters concerning the policy for handling expenses or debts resulting from business execution of
the Company’s Corporate Auditors.
The Company shall, if Corporate Auditors require the Company to make advance payment for the
execution of business in accordance with Article 388 of the Companies Act, immediately deal with therelated expenses and debts unless it is deemed unnecessary to make advance payment.
(10) Systems on eliminating anti-social forces
The Company takes a firm stance against anti-social forces that threaten the order and safety of civilsociety, and closely exchanges information and cooperates with the relevant specialized agencies, including
the police, against anti-social forces, and thoroughly informs employees of the above policy.
In order to improve the effectiveness and efficiency of operations, to ensure the reliability of financial
reports, and to expand the operations of the internal control system aimed at safeguarding assets andcomplying with laws and regulations pertaining to business activities in accordance with the Basic Policy
for Internal Control System, the Internal Control Regulations and the Committee of Internal Control
Operations Regulations have been enacted.
The scope of responsibility of the Board of Directors and Corporate Auditors, the system of
implementation and details of activities for executives and employees, and the procedures for evaluation
and reporting have been clarified in the internal control Regulations. In addition, a basic policy on themaintenance and operation of Internal Control is formulated. The structure of the committee aimed at
facilitating internal control, as well as how to promote its mission and activities has been clarified in theCommittee of Internal Control Operations Regulations, and the activities are being promoted.

– 2 –2. Overview of the Business Operations of the Systems to Ensure Proper Operations
Main operating status of the Internal Control System implemented by YUSHIN Group in the current
consolidated fiscal year is as follows.
(1) Status of compliance management
The Company is committed to strengthening and ensuring compliance through the establishment of thefollowing policies and activities.
[1] In terms of corporate rules and regulations, the Company provides information on the latest trends inrelevant laws and regulations, and implements and ensures company regulations (“YUSHIN Group
Human Rights Policy”, “YUSHIN Group Procurement Guidelines”, “Harassment Prevention
Regulations”, “Contract management rules”, “Internal Information Management Regulations”, “Basic
policy on information security”, “Information System Management Regulations”, “Personal
Information Management Regulations”, “Personal Information Protection Policy (Privacy Policy)”,“Regulations for the Proper Handling of Specific Personal Information”, etc.) In addition, “Yushin
Organizational Knowledge Book”(Y-Book), which was formulated and distributed as a collection oforganizational knowledge, has been revised and is used to further improve the quality of operations,maintain disciplines, and instill compliance awareness.
[2] With respect to education and training, the Company conducts training on business and human rights,
the Subcontractors Act, insider trading prevention, trade secrets, the internal reporting system, and safe
driving, in order to promote compliance awareness.
[3] With respect to internal reporting, the Company has established internal and external reporting channels
in order to prevent compliance violations, detect them at an early stage, and take prompt and effective
action when violations are discovered, and is working to provide opportunities for reporting and tostrengthen the reporting system.
[4] In addition, the system was modified to comply with the Qualified Invoice System (Invoice System).
In response to the revision of the Traffic Law (enforcement of sobriety check), the Company has
strengthened its check system and modified the system to ensure reliable operation.
(2) Status of risk management of losses
Overall risk management is discussed and addressed by the Committee of Internal Control. The
Sustainability Committee also promotes risk management in accordance with the Sustainability Basic Policy.
In the event of an event that could cause loss to the Company, the officer in charge immediately reports
to the Board of Directors and the Board of Corporate Auditors, and all officers discuss and respond to theevent. In addition, events that are expected to result in a risk of loss are investigated and questioned by the
Corporate Auditors in order to avoid risk.
As a global company, the Company has launched the Global Crisis Management Project to strengthen
crisis management at overseas offices, and under this project, the Company is formulating “Regulations forOverseas Safety Measures” and analyzing risks at each site. In Japan, the Company regularly conducts drills
for safety confirmation systems and other systems in preparation for the occurrence of a disaster.
In addition, the Company considers and implements responses to other risks that change on a daily basis.
(3) Status of commitment to the proper and efficient performance of assigned duties
The assigned duties of the Directors are carried out effectively as described below.
[1] The Board of Directors decides on important matters and supervises the conduct of business byDirectors.
[2] The Nomination and Remuneration Committee has been established as an advisory body to enhancethe objectivity, appropriateness and transparency of the composition of the Board of Directors and thenomination and remuneration of Directors, etc. in order to link the medium- to long-term growth of theCompany group and increase its corporate value. The selection of candidates of Directors andCorporate Auditors and the remuneration system for Directors are discussed by the Nomination andRemuneration Committee, and a report or opinion is submitted to the Board of Directors[3] In order to further improve the functions of the Board of Directors, the Company is conducting aninternal questionnaire to analyze and evaluate the effectiveness of the Board of Directors as a whole,and is analyzing and evaluating the results to make improvements.
[4] Significant matters are discussed among Directors, Executive Officers and Corporate Auditors at theexecutive meetings, and such significant information is shared.
[5] Significant matters relating to the management of the Company are communicated at management
meetings. The operational status of the Company is monitored, and necessary guidance is provided.
– 3 –(4) Status of addressing the proper operations of the business group consisting of the Company andits subsidiaries
In order to promote the development of the internal control system, “Internal Control Regulations” and“Committee of Internal Control Operations Regulations” have been enacted at the Board of Directors’
meeting held on February 7, 2018. Specifically, the scope of responsibilities of the Board of Directors andCorporate Auditors concerning internal control, as well as the system for implementation (supervision,actual system for implementation, etc.) and details of activities (policy, process to promote the developmentof operations, etc.) for executives and employees and the procedures for evaluation and reporting (scope oftarget, procedure, correction measures in case of deficiencies, etc.) were clarified by “Internal Control
Regulations”, while the structure of the committee aimed at facilitating internal control, as well as how topromote its mission and activities (supervision, system for implementation, scope of target activities,
education, etc.) were clarified in “Committee of Internal Control Operations Regulations.” Based on“Internal Control Regulations”, along with the basic policy on the development and operation of Internal
Control, the Company has enacted a basic plan for conducting evaluations and are promoting activities. In
addition, the Company holds Group company meetings with its subsidiaries three times a year, where bothparties share information and review the status of subsidiaries’ operations.
(5) Ensuring the effectiveness of corporate auditing
Corporate Auditors conduct audits in accordance with the audit policies and the audit schedule asprescribed by the Board of Corporate Auditors by attending the Board of Directors and executive meeting,management meeting and other meetings. Corporate Auditors conduct interviews on the status of theperformance of duties by Directors and the Internal Audit Office and then examine the significant decisions
as recorded in the documents, such as the approval documents, contracts and agreements. Corporate
Auditors also examine the status of business operations, corporate assets and fraudulent acts in theperformance of Directors’ duties, violations of rights and violations of laws and regulations, and the Articles
of Incorporation.
In conducting the audit, Corporate Auditors utilize their expertise as External Corporate Auditors andmaintain internal coordination with the Internal Audit Office. In addition, Corporate Auditors conduct auditsin accordance with “Audit Practice Standards Relating to the Internal Control System” which is thestandards and guidelines for Corporate Auditors to audit the Company’s Internal Control System.

– 4 –Consolidated Statements of Changes in Equity(from April 1, 2023 to March 31, 2024)(Thousands of yen)
Shareholders’ equity

Balance as of April 1, 2023

Share capital

Capital surplus

1,985,666

2,024,597

Retainedearnings

Treasury shares

Total
shareholders’equity(1,355,632)

31,108,761

28,454,129

Changes in the current period
Dividends of surplus(1,021,049)(1,021,049)

Profit attributable to ownersof parent

1,692,366

1,692,366

Acquisition of treasury
shares(97)(97)

Changes in items other thanshareholders’ equity, net
Total changes in the current
periodBalance as of March 31, 2024--

671,317(97)671,219

1,985,666

2,024,597

29,125,446(1,355,730)

31,779,981

Total accumulated other comprehensive income

Balance as of April 1, 2023

Valuationdifference on
availablefor-salesecurities

Foreigncurrencytranslation
adjustment

Remeasurements ofdefinedbenefit plans

118,852

1,043,867

5,780

Total
Nonaccumulated controlling
otherinterests
comprehensive
income1,168,500

309,036

Total net
assets

32,586,298

Changes in the current period
Dividends of surplus(1,021,049)

Profit attributable to ownersof parent

1,692,366

Acquisition of treasury
sharesChanges in items other thanshareholders’ equity, net(97)167,037

914,937

39,4301,121,404

40,012

1,161,417

Total changes in the current
period167,037

914,937

39,4301,121,404

40,012

1,832,636

Balance as of March 31, 2024

285,889

1,958,804

45,2102,289,904

349,049

34,418,934– 5 –1. Basis of Preparing Consolidated Financial Statements(1) Scope of consolidation
The Company consolidates all 15 subsidiaries listed below. WEMO Automation AB is
consolidated from the current consolidated fiscal year as the Company acquired all of its shares in
May 2023. WEMO Automation GmbH was established in December 2023 by WEMO Automation
AB, a subsidiary of the Company, and is included in the scope of consolidation from this consolidated
fiscal year.
Subsidiaries

YUSHIN AMERICA, INC.
YUSHIN KOREA CO., LTD.
YUSHIN PRECISION EQUIPMENT SDN. BHD.
YUSHIN PRECISION EQUIPMENT (TAIWAN) CO., LTD.
YUSHIN PRECISION EQUIPMENT (THAILAND) CO., LTD.
YUSHIN AUTOMATION, LTD.
YUSHIN PRECISION EQUIPMENT TRADING (SHENZHEN) CO., LTD.
YUSHIN PRECISION EQUIPMENT TRADING (SHANGHAI) CO., LTD.
YUSHIN PRECISION EQUIPMENT (INDIA) PVT. LTD.
GUANGZHOU YUSHIN PRECISION EQUIPMENT CO., LTD.
PT. YUSHIN PRECISION EQUIPMENT INDONESIAYUSHIN PRECISION EQUIPMENT (VIETNAM) CO., LTD.
YUSHIN EUROPE GmbHWEMO Automation AB
WEMO Automation GmbH
(2) Application of the equity method
There is no non-consolidated subsidiary or affiliate company.
(3) Accounting policies[1] Valuation of important assetsi) Securities
Available-for-sale securities classified as other securities- Securities with available fair market values(Unrealized gains or losses, net of applicable taxes, reported in a separate component of equity.
The cost of securities sold is principally determined by the moving average method)ii) Inventories- Merchandise and finished goods, Work-in-process
Principally carried at cost determined by the identified cost method (the carrying value on thebalance sheet is written down to reflect the effect of lower profit margins)- Raw materials
Principally carried at cost determined by the periodic average method (the carrying value on
the balance sheet is written down to reflect the effect of lower profit margins)- Supplies
Carried by the last purchase price method[2] Depreciationi) Property, plant and equipment (excluding Leased assets): Principally computed by the decliningbalance method
The range of useful lives for major assets is as follows:
Buildings:
3 - 40 years
Structures:
7 - 20 years
Machinery and equipment:
5 - 12 years
Tools, furniture and fixtures:
2 - 20 yearsii) Intangible assets (excluding Goodwill and Leased assets): Straight-line method– 6 –- In-house software is figured out based on expected service lifeiii) Leased assets: For leased assets under non-ownership transfer finance lease transactions, theCompany applies a straight-line method with the lease period as useful life and the residual value
as zero (0.)[3] Estimation on important allowance and reservesi) Allowance for doubtful accounts:
To provide for possible bad debt losses, the amount deemed unrecoverable is accounted using theloan loss ratio based on past experience for general claims and by examining the possibility ofrecovery on an individual basis for specific claims with default possibility.
ii)

Provision for bonuses:
In order to allocate the payment of employees’ bonuses, the Company provides the amount subject
to the fiscal year under review among the total estimated amount to be paid as employees’ bonuses.

iii) Provision for bonuses for directors:
The Company provides the projected payment amount to be allocated for the payment of bonuses
to Directors and Corporate Auditors.
iv) Provision for product warranties:
To provide for expenses incurred for free repairs related to product sales, an amount is accounted
based on historical experience.
[4] Basis for recording Revenues and Expenses
Set out below are the major performance obligations in products and services related to revenues
from contracts with customers of the Company and its consolidated subsidiaries, and the normal
time at which such obligations are satisfied (the normal time at which revenues are recognized.)
For products and installation services, sales to customers will be made in accordance with theterms and conditions set forth in contracts and purchase orders concluded with customers. For takeout robots and custom-ordered equipment, installation work is included in most contracts and orders,
the revenue is recognized when the installation work is completed at the client plant and the customer
completes acceptance because the performance obligation is determined to be satisfied as thecustomer obtains control over the products. For certain contracts and orders that do not include an
installation work, the revenue is recognized when the products are delivered to the customer because
the performance obligation is determined to be satisfied as the customer obtains control over the
products.
For Parts, the revenue is recognized when the products are delivered to the customer because theperformance obligation is determined to be satisfied as the customer obtains control over the
products. For sales of parts in Japan, the revenue is recognized at the time of shipment because theperiod between the time of shipment of the products and the time when the control of the products
is transferred to the customer is short within reasonable.
For maintenance services, the revenue is recognized when the service is completed at the customer
plant and the customer completes the acceptance because the performance obligation is determined
to be satisfied.
[5] Amortization method and period of Goodwill
Goodwill is equally amortized over 7 years.
[6] Other significant matter for the preparation of Consolidated Financial Statements
Accounting for Retirement benefit assets and liabilities:
To provide for employees’ retirement benefits, based on the projected benefit obligations at yearend and the pension asset balance, the amount of pension assets surplus to projected benefit
obligations is recorded.
The net actuarial loss or gain is subject to recognition thereof onward in an amount pro-rated by
the straight-line method based on the average remaining employee service period (10 to 13 years) at
the time of the recognition of net actuarial loss or gain in each fiscal year.
Unrecognized actuarial differences is recorded in “Remeasurements of defined benefit plans”
under “Total accumulated other comprehensive income” in Net assets after adjusting for tax effects.
– 7 –2. Notes on accounting estimates
Intangible assets and Goodwill[1] The Major goodwill and Intangible assets newly recognized as a result of the business combinationin the current consolidated fiscal year are as follows
Goodwill
Customer-related assets

524,028 thousand yen
1,569,800 thousand yen[2] Information on the nature of significant accounting estimates for identified itemsi) Method of calculating the amounts
The Group acquired the shares of WEMO Automation AB during the current fiscal year. Intangible
assets and Goodwill recorded as a result of this business combination were calculated by allocating theacquisition cost to the identifiable assets and liabilities at the date of the business combination.
The fair value of Intangible assets identified in the business combination was determined using theincome approach (Excess Earning Method) by discounting the future cash flows expected to begenerated from Intangible assets based on the business plan used in the corporate valuation, using
outside experts.
For Goodwill, it is the difference between the acquisition cost and the amount allocated to
identifiable assets and liabilities at the date of the business combination, including intangible assets.
ii) Key assumptions used in the calculation of the amounts
Among the identified assets, the key assumptions used in the measurement of the intangible assets
are the projected future sales revenue based on a business plan of WEMO Automation AB,
andthe existing customer decay and discount rate.
iii) C. Impact on the consolidated financial statements for the next fiscal year
Although the management believes the above assumptions are reasonable, they may be affected by
future changes in uncertain economic conditions, and if the assumptions need to be revised, the amountof Intangible assets and Goodwill may be materially affected.

3. Notes to Consolidated Balance Sheet(1) Set forth below are the balance of receivables in Notes and Accounts receivable - trade occurred fromthe contracts with customers.
Notes receivable - trade
Accounts receivable - trade

1,646,216 thousand yen
4,362,526 thousand yen(2) Accumulated depreciation of Property, plant and equipment

8,084,152 thousand yen

4. Notes to Consolidated Statement of Changes in Equity(1) Total number of issued sharesClass of shares

Number of shares atthe beginning ofcurrent FY

Number of increased
shares of current FY

Number of decreased
shares of current FY

Number of shares atthe end of current FY

Common stock

35,638,066--

35,638,066(2) Number of treasury sharesClass of shares

Number of shares atthe beginning ofcurrent FY

Number of increased
shares of current FY

Number of decreased
shares of current FY

Number of shares atthe end of current FY

Common stock

1,603,076

143-

1,603,219

Notes: The 143 increase in treasury shares is due to the purchase of shares of less than one unit.

– 8 –(3) Dividends of surplus[1] Payment of dividends
Resolution

Class of shares

Total dividend(Thousandsof yen)Dividend
per share(Yen)

Record date

The Board of Directors’Meeting on May 10, 2023

Common stock

680,699

20

March 31, 2023

Effective dateJune 5, 2023

The Board of Directors’
September 30,
December 1,
Meeting on November 6,
Common stock
340,349
10
2023
2023
2023
Notes: The amount of dividend per share resolved by the Board of Directors on May 10, 2023 includes a commemorative dividendof 10 yen per share for the 50th anniversary of the Company's establishment.

[2] Dividends whose record date belongs to the current fiscal year but whose effective date is after theend of the current fiscal year
Resolution

Class ofsharesTotal dividend(Thousandsof yen)Dividend
funds

Dividend
per share(Yen)

The Board of
Directors’ Meetingon May 15, 2024

Commonstock

340,348

Retainedearnings

10

Record date

Effective date

March 31,2024

June 11, 2024

5. Notes to Financial Instruments(1) Conditions of financial instruments[1] Management policy
YUSHIN Group has a policy of limiting investments of unused funds to short-term deposits,
certificates of deposits and similar instruments and never using these funds for speculation. Internal
resources are used to meet all working capital requirements. Derivative instruments may be used tohedge exposure to foreign exchange rate risk but will never be used for speculation.
[2] Details of financial instruments and their risks
Operating receivables consisting of Notes and accounts receivable - trade are generally exposedto the credit risk of customers, while foreign currency denominated operating receivables at foreign
operations are exposed also to the foreign exchange risk.
Consumption taxes receivable are due one (1) year or less.
Investment securities are available-for-sale securities and are exposed to risk associated withmarket price volatility.
Operating debt consisting of Notes and accounts payable - trade and Electronically recorded
obligations - operating are largely due four (4) months or less. Accounts payable - other and Income
taxes payable are due one (1) year or less.
[3] Risk management system for financial instruments
Payment dates and balances of outstanding are supervised for each customer based on rules forthe management of trade receivables and credit. In addition, there is a system for monitoring thefinancial soundness of customers.
For Investment securities, there are measures to periodically monitor the fair values of thesesecurities and the financial soundness of issuers of these securities.

– 9 –(2) Fair value of financial instruments
The consolidated balance sheets, fair value, and their differences as of March 31, 2024 are shownas follows.
Carrying value
Fair value
Differences(Thousands of yen)(Thousands of yen)(Thousands of yen)
(1) Investment securities
Other securities
547,665547,665
Assets total
547,665547,665
Note 1. Cash and deposits are omitted because they are cash, Deposits are settled within a short period of time, and the carrying
amount approximates fair value.
Note 2. Notes receivable - trade, Account receivable - trade and Consumption taxes receivable are omitted because they aresettled within a short period of time and the carrying amount approximates fair value.
Note 3. Notes and accounts payable - trade, Electronically recorded obligations - operating, Accounts payable - other, and Income
taxes payable are omitted because they are settled within a short period of time and the carrying amount approximatesfair value.
Note 4. Matters concerning determination of fair value of financial instruments and marketable securities(Assets)(1) Investment securities
Fair value of the above financial instruments such as stocks is determined by prices at stock exchanges.

(3) Breakdown of the fair value of financial instruments by level
The Company has classified the fair values of financial instruments into the three (3) levels shownin the table below, according to the observability and materiality of the inputs used to calculate fairvalue.
Level 1 Fair Value: Fair values calculated using market price of assets or liabilities in active
markets among observable inputs
Level 2 Fair Value: Fair values calculated using observable inputs that are not included in Level 1
Level 3 Fair Value: Fair values calculated using unobservable inputs
In cases where multiple inputs are used to calculate fair values, the values are classified to the levelof the input which has the lowest priority of the inputs to calculate the fair value.
Financial instruments carried on the consolidated balance sheet of fair value
Fair value (Thousands of yen)
Level 1
Level 2
Level 3
Investment securities
Other securities
Shares547,665
Assets total
547,665-

Total

547,665547,665

Note: Explanation for evaluation technique and inputs used to calculate fair values
Investment securities
Shares listed on stock exchange markets are evaluated using market prices. The fair values of the shares are classified as
Level 1 as the shares are traded in active markets.

– 10 –

6. Notes to Revenue Recognition(1) Breakdown of the revenue arising from the contracts with customers(Thousands of yen)Japan
Products and services
RobotsCustom-ordered equipment
Parts and maintenance services
Revenue generated from the contracts
with customers
Other revenue
Net sales to customers

Reportable segment
North
Asia
America

EuropeTotal

6,921,841
1,135,920
1,853,191
9,910,953

2,528,321
984,029
1,127,642
4,639,994

3,389,213
102,902
835,830
4,327,945

664,718
3,659,823
412,107
4,736,649

13,504,094
5,882,676
4,228,772
23,615,543

9,910,953

4,639,994

4,327,945

4,736,649

23,615,543(2) Basic information to understand the revenue arising from the contracts with customers
It is described in “[4] Basis for recording Revenues and Expenses” - “(3) Accounting policies” “1. Basis of Preparing Consolidated Financial Statements.”(3) Information to understand the amount of revenue in the current and subsequent fiscal years[1] Balance of contract assets and contract liabilities and others(Thousands of yen)
Current consolidated fiscal year
Balance at beginning of year
Balance at end of period
Receivables arising from contracts
with customers
Contract liabilities

5,471,088

6,008,743

3,721,457

3,062,706

In the consolidated balance sheets, contract liabilities are recorded under “Advances received” in“Current liabilities”. Contract liabilities are Advances received from customers and are reversed
upon recognition of revenue. The amount of revenue recognized in the current fiscal year that was
included in the contract liability balance at the beginning of the period was 1,818,652 thousand yen.
There is no significant amount of consideration arising from contracts with customers that is notincluded in the transaction prices.
[2] Transaction prices allocated to residual performance obligations
The total transaction price allocated to the residual performance obligations and the period overwhich revenue is expected to be recognized are as follows(Thousands of yen)
Current consolidated fiscal year
Within one year
Over one year

7,226,385
1,534,724
8,761,109

Total

7. Notes to Business Combinations
Business combination through acquisition
At a meeting of the Board of Directors held on May 16, 2023, the Company resolved to acquire all sharesof WEMO Automation AB to make it a subsidiary, entered into a share transfer agreement on May 16, 2023,
and acquired all shares on May 30, 2023.
(1) Outline of the business combination[1] Name and business of the acquired company
Name of acquired company WEMO Automation AB
Business description
Development, manufacture, and sales of take-out robots for injection
molding machines[2] Main reason for the business combination
Under the management philosophy of “Look outward far and wide, constantly seek technologicalinnovation and give back to society for all it has given us,” the Company has been strengthening its
global sales and marketing activities with the aim of further developing itself as a leading company inthe take-out robot industry.
– 11 –

WEMO Automation AB, which became a subsidiary of the Company, is engaged in the development,
manufacture, sales, and after-sales service of injection molded parts take-out robots and peripheral
equipment including labor-saving systems, mainly targeting the European region centering on Northern
Europe. The company’s products have long been highly regarded by customers for their high productquality and after-sales service, as well as for their ability to provide not only general-purpose products
but also products tailored to customer needs.
We believe that making the company a subsidiary enhances our brand value and expand our market
share in the European region. We also expect synergy effects from the mutual utilization of bothcompanies’ technological and purchasing power. For these reasons, we have decided to acquire theshares of the company.
[3] Date of business combination
June 30, 2023
[4] Legal form of business combination
Acquisition of shares in exchange for cash
[5] Name of the company after the business combination
No change[6] Percentage of voting rights acquired
100%[7] Main basis for determining the acquiring company
The acquired company was determined as the Company acquired the shares for cash consideration.
(2) Period of performance of the acquired company included in the consolidated financial statements
From July 1, 2023 to March 31, 2024
(3) Acquisition cost of the acquired company and breakdown by type of consideration
The acquisition price is not disclosed due to a confidentiality agreement with the counterparty. In
calculating the acquisition price, we requested an outside specialist to perform due diligence, and theBoard of Directors determined that the acquisition price was fair and appropriate, taking into
consideration the overall stock value assessment.
(4) Description and amount of major acquisition-related expenses
Advisory fees, etc.

90,578 thousand yen(5) Amount of Goodwill incurred, cause for incurrence, amortization method and amortization period[1] Amount of Goodwill incurred
524,028 thousand yen[2] Cause of Goodwill
Mainly due to excess earning power expected from future business development.
[3] Amortization method and period of Goodwill
Goodwill is equally amortized over 7 years.
(6) Amount of assets acquired and liabilities assumed on the date of business combination and their major
breakdown
Current assets
Non-current assets
Total assets

990,319 thousand yen
155,121 thousand yen
1,145,440 thousand yen

Current liabilities
Non-current liabilities
Total liabilities

374,829 thousand yen
139,394 thousand yen
514,223 thousand yen– 12 –

(7) Amount allocated to Intangible assets other than Goodwill and amortization period
Customer-related assets 1,569,800 thousand yen

Amortization period 15 years(8) Estimated amount and calculation method of the effect of the business combination on the consolidated
statement of income for the current consolidated fiscal year, assuming that the business combination wascompleted on the first day of the consolidated fiscal year
Net sales
Operating loss

338,557 thousand yen(25,570) thousand yen(Method of calculation of estimated amount)
The difference between the Net sales and profit/loss information calculated as if the business combination
had been completed on the first day of the consolidated fiscal year and the Net sales and profit/loss
information in the consolidated statements of income of the acquired company is considered to be theestimated amount of impact. The notes are unaudited.
8. Per Share Information(1) Net assets per share:(2) Profit per share:

1,001.03 yen
49.72 yen

Note: Amounts shown are rounded down to the nearest thousand yen.

– 13 –

Statements of Changes in Equity(from April 1, 2023 to March 31, 2024)(Thousands of yen)
Shareholders’ equity
Capital surplus

Retained earnings
Other retained earnings

Share capital Legal capitalsurplus
Balance as ofApril 1, 2023
Changes in thecurrent period
Dividends ofsurplus1,985,666

2,023,903

Total capitalsurplusLegalretainedearnings

2,023,903

286,314

Reserve fordividend
equalization

Generalreserve

Retainedearnings
brought
forward

Total retained
earnings

1,000,000

8,700,000

15,752,776

25,739,091(1,021,049)(1,021,049)

1,835,055

1,835,055

ProfitAcquisition oftreasury shares
Changes in items
other thanshareholders’equity, net
Total changes in thecurrent period
Balance as ofMarch 31, 2024

-

-

-

-

-

-

814,006

814,006

1,985,666

2,023,903

2,023,903

286,3141,000,000

8,700,000

16,566,782

26,553,097

Shareholders’ equity

Balance as of April 1, 2023

Valuation and translation adjustments

Treasury shares

Total
shareholders’equityValuationdifference on
available-for-salesecurities

Total valuation andtranslation
adjustments(1,355,632)

28,393,028

118,852

118,852

Total net assets

28,511,881

Changes in the current period
Dividends of surplus(1,021,049)(1,021,049)

Profit

1,835,055

1,835,055

(97)

(97)

Acquisition of treasury shares(97)

Changes in items other thanshareholders’ equity, net
Total changes in the current period
Balance as of March 31, 2024

167,037

167,037

167,037(97)

813,908

167,037

167,037

980,945(1,355,730)

29,206,937

285,889285,889

29,492,826– 14 –

1. Significant Accounting Policies(1) Valuation of important assets[1] Stocks of subsidiaries and affiliates
Carried at cost determined by the moving average method[2] Available-for-sale securities classified as other securities- Securities with available fair market values(Unrealized gains or losses, net of applicable taxes, reported in a separate component of equity.
The cost of securities sold is principally determined by the moving average method)[3] Inventories- Merchandise and finished products, Work in process:
Carried at cost determined by the identified cost method (the carrying value on the balance
sheet is written down to reflect the effect of lower profit margins).
- Raw materials:
Carried at cost determined by the periodic average method (the carrying value on the balance
sheet is written down to reflect the effect of lower profit margins)- Supplies:
Carried by the last purchase price method(2) Depreciation[1] Property, plant and equipment (excluding leased assets)
Declining balance method:
The range of useful lives for major assets is as follows:
Buildings:
3 - 38 years
Structures:
7 - 20 years
Machinery and equipment:
12 years
Tools, furniture and fixtures:
2 - 20 years[2] Intangible assets (excluding leased assets)
Straight-line method:- In-house software is figured out based on expected service life
[3] Leased assets
For leased assets under non-ownership transfer finance lease transactions, the Company applies astraight-line method with the lease period as useful life and the residual value as zero (0.)(3) Estimation on allowance and reserves[1] Allowance for doubtful accounts:
To provide for possible bad debt losses, the amount deemed unrecoverable is accounted using theloan loss ratio based on past experience for general claims and by examining the possibility ofrecovery on an individual basis for specific claims with default possibility.
[2] Provision for bonuses:
In order to allocate the payment of employees’ bonuses, the Company provides the amount subject
to the fiscal year under review among the total estimated amount to be paid as employees’ bonuses.
[3] Provision for bonuses for directors:
The Company provides the projected payment amount to be allocated for the payment of bonuses
to Directors and Corporate Auditors.
[4] Provision for product warranties:
To provide for expenses incurred for free repairs related to product sales, an amount is accounted
based on historical experience.

– 15 –

(4) Retirement benefits
To provide for employees’ retirement benefits, based on the projected benefit obligations at yearend and the pension asset balance, the amount of pension assets surplus to projected benefit
obligations (Prepaid pension costs) is recorded in the “Other” field under “Investments and otherassets.” The net actuarial loss or gain is subject to amortization from the next fiscal year of therecognition thereof onward in an amount pro-rated by the straight-line method based on the averageremaining employee service period (10 to 13 years) at the time of the recognition of net actuarial
loss or gain in each fiscal year.
(5) Basis for recording Revenues and Expenses
Set out below are the major performance obligations in products and services related to revenues
from contracts with customers of the Company, and the normal time at which such obligations are
satisfied (the normal time at which revenues are recognized.)
For products and installation services, sales to customers will be made in accordance with theterms and conditions set forth in contracts and purchase orders concluded with customers. For robots
and custom-ordered equipment, installation work is included in most contracts and orders, therevenue is recognized when the installation work is completed at the client plant and the customer
completes acceptance because the performance obligation is determined to be satisfied as thecustomer obtains control over the products. For certain contracts and orders that do not include an
installation work, the revenue is recognized when the products are delivered to the customer because
the performance obligation is determined to be satisfied as the customer obtains control over the
products.
For Parts, the revenue is recognized when the products are delivered to the customer because theperformance obligation is determined to be satisfied as the customer obtains control over the
products. For sales of parts in Japan, the revenue is recognized at the time of shipment because theperiod between the time of shipment of the products and the time when the control of the products
is transferred to the customer is short within reasonable.
For maintenance services, the revenue is recognized when the service is completed at the customer
plant and the customer completes the acceptance because the performance obligation is determined
to be satisfied.

2. Notes to Balance Sheet(1) Accumulated depreciation of property, plant and equipment:(2) Monetary credit and debts to affiliates[1] Short-term monetary credit:[2] Short-term monetary debts:

3. Notes to Statements of Income
Transactions with subsidiaries and affiliates[1] Net sales:[2] Purchases:[3] Selling, general and administrative expenses:[4] Non-operating transactions:

6,580,318 thousand yen
2,012,036 thousand yen
334,984 thousand yen

4,774,298 thousand yen
169,995 thousand yen
202,212 thousand yen
731,130 thousand yen

4. Notes to Statement of Changes in Equity
Number of treasury sharesClass of shares

Number of shares atthe beginning ofcurrent FY

Number of increased
shares of current FY

Number of decreased
shares of current FY

Number of shares atthe end of current FY

Common stock

1,603,076

143-

1,603,219

Notes: The 143 increase in the treasury share is due to the purchase of shares of less than one unit.

– 16 –

5. Notes to Tax-effect Accounting
Breakdown by cause of deferred tax assets and liabilities
Deferred tax assets
Inventories
Excess depreciation of property, plant and equipment
Excess amortization of intangible assets
Provision for bonuses
Provision for product warranties
Other
Total deferred tax assets
Deferred tax liabilities
Prepaid pension costs
Valuation difference on available-for-sale securities
Total deferred tax liabilities
Net deferred tax assets(Thousands of yen)
71,127
341,932
69,413
92,11057,95089,563722,097
63,828125,462
189,290532,806

6. Transactions with Related Parties
Subsidiaries, etc.

Subsidiary

Type

Name

Votingrights held(%)

Relationship
Concurrent
Business
Directors,
relationshipetc.
Sales of ourgroup’s
products andConcurrent
manufacture
Directors: 2
and sales of
streamlining
machinerySales of ourgroup’s
products andConcurrent
manufacture
Directors: 2
and sales of
streamlining
machinery

YUSHINAMERICA,
INC.

100%
directly heldby theCompany

YUSHINKOREA CO.,
LTD.

100%
directly heldby theCompany

YUSHINAUTOMATION
LTD.

95.6%
directly heldby theCompany

Concurrent
Directors: 2

GUANGZHOUYUSHINPRECISION
EQUIPMENT
CO., LTD.

100%
directly heldby theCompany

Concurrent
Directors: 3

Type oftransacti
onsTransactio
n amount(Thousandsof yen)Account

Year-endbalance(Thousandsof yen)Sale ofproducts

1,565,461

Accounts
receivable- trade349,931

Sale ofproducts

657,649

Accounts
receivable- trade121,295

Sales and aftersales service ofour group’s
products

Sale ofproducts

1,433,988

Accounts
receivable- trade504,365

Manufacturingof our group’s
products

Sale ofproducts

184,920

Accounts
receivable- trade157,877

Transaction terms or method of determining transaction terms(Note) For sale of products, prices are determined by negotiations with considering local market prices.

7. Notes to Revenue Recognition
Basic information to understand the revenue arising from the contracts with customers:
It is described in “1. Basis of Preparing Consolidated Financial Statements.” - “(3) Accounting policies”- “[4] Basis for recording Revenues and Expenses”

8. Per Share Information(1) Net assets per share:(2) Net income per share:

866.55 yen
53.92 yen

Note: Amounts shown are rounded down to the nearest thousand yen.

– 17 –