(For reference purposes only)

Consolidated Financial Results for the 3rd Quarterof the Fiscal Year Ending March 31, 2024 [Japanese Standard]
February 13, 2024
Stock exchange: Tokyo
Listed company name: AIDA ENGINEERING, LTD.
Stock code:

6118 (URL https://www.aida.co.jp/en/)

Representative:

Toshihiko Suzuki, Representative Director and 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:

February 13, 2024

Scheduled beginning date of dividend payment:－Preparation of supplemental explanatory materials:

Yes

Holding of quarterly financial results briefing:

None(Figures are rounded down to the nearest million yen)
1. Consolidated Results for 3rd Quarter of the Fiscal Year Ending March 31, 2024 (April 1, 2023 to December 31, 2023)(1) Consolidated Operating Results(Percentages represent change compared to the previous period)
Net income
Net sales
Operating income
Ordinary income
attributable toowners of parent
Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen

Nine months ended51,618
7.21,801
81.2
1,897
64.6
1,427
December 31, 2023
Nine months ended
48,1359.1
994(29.0)
1,152(24.4)
774
December 31, 2022
Note: Comprehensive income: Nine months ended December 31, 2023 3,195 million yen (–%)
Nine months ended December 31, 2022
179 million yen (-91.5%)
Net income per
Diluted net income
shareper share
Yen

Yen

23.91

23.87

12.97

12.95

Total assets

Net assets

Nine months ended
December 31, 2023
Nine months ended
December 31, 2022

%

84.4
(9.9)

(2) Consolidated Financial Position
Millions of yen

As of December 31, 2023
As of March 31, 2023
Reference: Shareholders’ equity

Shareholders’equity ratio

Millions of yen

Net assets per share%Yen

121,441
79,32665.2
116,287
78,04367.0
As of December 31, 2023
79,234 million yen
As of March 31, 2023
77,951 million yen

1,326.35
1,305.47

2. Cash Dividends
Cash dividends per share
1Q EndYen

2Q End3Q EndYear-end

Total

Yen

Yen

Yen

Yen

Year ended March 31, 2023－－
Year ending March 31, 2024－－
Year ending March 31, 2024
(forecast)
Note: Revision of dividend forecast for this period: None－－

30.00

30.00

30.00

30.00

3. Forecasts of Consolidated Results for the Fiscal Year Ending March 31, 2024 (April 1, 2023 to March 31, 2024)(Percentages represent change compared to the previous period)
Net income
NetNet sales
Operating income
Ordinary income
attributable to owners incomeof parent
per share
Millions of yen% Millions of yen%

Millions of yen%

Millions of yen%

Yen

Full year
72,000
4.7
3,700
140.2
Note: Revision of forecasts of consolidated results: None

3,800

122.2

2,850

120.0

47.72

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: Please refer to “(Accounting Policies Adopted Specially for the Preparation of Quarterly Consolidated FinancialStatements)” in “(3) Notes to Quarterly Consolidated Financial Statements” on page 8 for details.
(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1. Changes in accounting policies due to revisions of accounting standards: None
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 December 31, 2023
69,448,421 shares
As of March 31, 2023
69,448,421 shares
2. Total number of treasury shares at the end of the period
As of December 31, 2023
9,709,630 shares
As of March 31, 2023
9,736,558 shares
3. Average number of shares outstanding during the period
Nine months ended December 31, 2023
59,725,255 shares
Nine months ended December 31, 2022
59,701,107 shares

Quarterly financial results 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. For the assumptions used as a basis forthe business forecast and notes for using the forecast, please refer to “(3) Consolidated financial results forecast and otherforward-looking information” on page 3 of the attachments.

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 and Principal Notes ................................................................................ 4(1) Consolidated Balance Sheets ..................................................................................................................... 4(2) Consolidated Statements of Income and Comprehensive Income ............................................................. 6Consolidated Statements of Income ........................................................................................................... 6
Nine months ended December 31 .......................................................................................................... 6Consolidated Statements of Comprehensive Income ................................................................................. 7
Nine months ended December 31 .......................................................................................................... 7(3) Notes to Quarterly Consolidated Financial Statements .............................................................................. 8(Notes to Going Concern Assumption) ...................................................................................................... 8(Notes Regarding Remarkable Fluctuation in Shareholders’ Equity) .......................................................... 8(Accounting Policies Adopted Specially for the Preparation ofQuarterly Consolidated Financial Statements) .......................................................................................... 8(Segment Information) ............................................................................................................................... 9
3. Supplementary Information .......................................................................................................................... 10
Status of Orders ........................................................................................................................................ 101

1. Qualitative information on the financial results for the period under review(1) Operating results
During the nine months ended December 31, 2023, the global economy was generally on a moderate recovery
trend with gradually relaxed supply constraints on semiconductors and others, while economic activities were weighed
down by tight monetary policy resulting from inflation, and the slowdown in the European and Chinese economies
added downward pressures to the overall economy. Downside risks also increased due to geopolitical factors, including
the Ukraine crisis, the conflict in the Middle East, in addition to tensions between the United States and China.
In the metalforming machinery industry, the Japan Forming Machinery Association reported that orders for pressmachines received in the nine months ended December 31, 2023 increased 0.5% year on year to ¥119,078 million,
reflecting robust domestic demand.
Under these conditions, orders received by AIDA ENGINEERING, LTD. (the “Company”) and its groupcompanies in the nine months ended December 31, 2023 were ¥60,351 million (down 8.5% year on year), because
orders remained solid excluding special factors such as a reaction to rush orders for high-speed press machines before
price increase in the corresponding period of the previous year. The order backlog as of December 31, 2023 reacheda record high of ¥79,076 million (up 12.4% from the end of the previous fiscal year).
Net sales were ¥51,618 million (up 7.2% year on year), mainly due to increased sales of high-speed press machines
related to electric vehicles and the impact of yen depreciation.
In terms of profit, operating income was ¥1,801 million (up 81.2% year on year), ordinary income was ¥1,897
million (up 64.6% year on year), and net income attributable to owners of parent was ¥1,427 million (up 84.4% yearon year), mainly due to gain on sale of non-current assets. Contributing to this is the fact that increased sales and theimprovement of the product mix raised gross profit margins despite soaring manufacturing costs of raw materials,
subcontracting, logistics, and others.
Operating results by segment during the nine months ended December 31, 2023 were as follows.
Japan:

China:

Asia:

Americas:

Europe:Net sales remained almost the same on a year-on-year basis at ¥29,584 million (up 3.4% year onyear). Although the product mix improved, segment income remained at ¥2 million (segment loss of¥47 million in the same period of the previous year) due to the impact of a decrease in gross profit ofcustomized press machines.
Due to robust sales of press machines, mainly customized press machines and high-speed pressmachines, net sales were ¥10,147 million (up 32.8% year on year). Segment income was ¥675 million(up 53.6% year on year) due to increased sales.
Net sales were ¥7,615 million (down 0.9% year on year) due to a decrease in sales of customizedpress machines although sales of high-speed press machines and services remained robust. Segment
income was ¥774 million (up 40.3% year on year) due to the improvement of the product mix andothers.
Net sales were ¥11,782 million (down 2.8% year on year) due to a decrease in sales of customizedpress machines, despite sales increases in high-speed press machines and general-purpose pressmachines. Thanks to the improvement of the product mix and others, segment income was ¥160
million (up 373.9% year on year).
Net sales were ¥11,104 million (up 28.8% year on year) due to an increase in sales of high-speedpress machines and services. Segment income was ¥208 million (up 29.5% year on year) due toincreased sales.

2(2) Financial position
Total assets as of December 31, 2023 increased by ¥5,153 million from the end of the previous fiscal year to¥121,441 million. This is attributable to a ¥3,131 million decrease in trade receivables, including notes and accounts
receivable - trade, and contract assets and electronically recorded monetary claims - operating, a ¥5,797 million
increase in inventories, a ¥1,049 million increase in investment securities, a ¥1,601 million increase in other underinvestments and other assets.
Total liabilities increased by ¥3,870 million from the end of the previous fiscal year to ¥42,115 million. This is
attributable to a ¥1,634 million increase in trade payables, including accounts payable - trade and electronicallyrecorded obligations - operating, and a ¥1,465 million increase in contract liabilities.
Net assets increased by ¥1,282 million from the end of the previous fiscal year to ¥79,326 million. This is
attributable to a ¥1,335 million increase in foreign currency translation adjustment. As a result, shareholders’ equity
ratio was 65.2% as of December 31, 2023.

(3) Consolidated financial results forecast and other forward-looking information
The forecasts of consolidated results for the fiscal year ending March 31, 2024, which the Company announced on
November 14, 2023, remain unchanged.

3

2. Consolidated Financial Statements and Principal Notes(1) Consolidated Balance Sheets(Millions of yen)
As of March 31, 2023
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, net
LandConstruction 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 December 31, 2023

30,51030,12922,50618,993

1,018
4,387
17,022
4,456
4,457(1,837)
82,522

1,400
5,342
21,630
4,691
4,555
(76)
86,666

26,737(19,222)
7,514
20,479(15,092)
5,387
7,297
234
4,245
(3,665)580
21,015
1,961

27,058(19,545)
7,513
21,365(16,154)
5,210
7,329
186
4,543
(3,902)640
20,881
2,059

9,186
571
633
268
161
(32)
10,78833,765116,287

10,236
532
658
291
1,762
(1,648)
11,833
34,774
121,441(Millions of yen)
As of March 31, 2023
Liabilities
Current liabilitiesAccounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Current portion of long-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
Total net assets
Total liabilities and net assets

5

As of December 31, 2023

6,942
2,536
582
500
1,329
345
15,4076159617,619
3,493
628
500
1,236
395
16,873
621
587

14

11

180
2,470
31,887103
3,293
35,364

1,000
1,005
1,870
649
1,451
9
369
6,356
38,244

1,000
1,107
1,999
727
1,391
9
514
6,750
42,115

7,831
13,00755,205(5,247)70,796

7,831
13,00754,712(5,238)70,312

3,994
(173)
3,463
(130)
7,155
91
78,043
116,287

4,730
(457)
4,798
(149)
8,922
91
79,326
121,441

(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income
Nine months ended December 31(Millions of yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Commission expenses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sale of non-current assets
Subsidy income related to suspension or decrease ofproduction
Gain on sale of investment securities
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
Income before income taxes
Income taxes
Net income
Net income attributable to owners of parent

6

Nine months ended
December 31, 2022
48,13540,238
7,897
6,902
994

Nine months ended
December 31, 2023
51,61842,422
9,195
7,394
1,801

52
230
60
344

110
190
44
345

13
92
58
21
185
1,152

28
184
4
32
249
1,897

3

291

8－

146
158－
291

1
8
6
16
1,294
520
774
774－
7－
72,181
753
1,427
1,427

Consolidated Statements of Comprehensive Income
Nine months ended December 31(Millions of yen)

Nine months ended
December 31, 2022
Net income
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

7774

Nine months ended
December 31, 2023
1,427

(1,495)
60889
(48)
(594)
179735
(284)
1,335
(18)
1,767
3,195

179

3,195

(3) Notes to Quarterly Consolidated Financial Statements(Notes to Going Concern Assumption)
None(Notes Regarding Remarkable Fluctuation in Shareholders’ Equity)
None(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 income before income taxes for the current
fiscal year is reasonably estimated. Tax expenses are calculated by multiplying income 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.”

8

(Segment Information)
Information regarding amounts of sales, income or loss, assets, other items, and disaggregation of revenue by reportablesegment
I. Nine months ended December 31, 2022
(Millions of yen)
Consolidated
Adjustments
statements
AsiaAmericas Europe Subtotal
Japan
China
(*1)
of income
(*2)
Sales
(1) Sales to third parties
a. Press Machines

10,236

6,143

2,912

9,270

6,263

34,824－34,824b. Service

3,717

1,086

1,378

2,536

2,004

10,722－

10,722c. Others

2,522

1621

1

25

2,587

－

2,587

Subtotal

16,476

7,245

4,312

11,807

8,293

48,135－

48,135(2) Inter-segment sales

12,131

395

3,374

317

326

16,544(16,544)－

Total sales

28,607

7,640

7,686

12,124

8,619

64,679(16,544)

48,135

(47)
439
551
33
161
1,138(144)Segment income (loss)
Notes:
1. Adjustments of sales represent elimination of inter-segment transactions.
Adjustments of segment income (loss) refer to the adjustment as a result of inter-segment transaction
eliminations.
2. Segment income (loss) is adjusted to operating income of consolidated statements of income.

994

II. Nine months ended December 31, 2023

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

Japan

China

Asia

Americas

EuropeSubtotala. Press Machines

9,505

8,979

3,288

8,963

7,723

38,460－38,460b. Service

3,734

869

1,648

2,303

2,247

10,804－

10,804c. Others

2,289

1821－

24

2,354－

2,354

Subtotal

15,528

9,867

4,959

11,267

9,995

51,618－51,618(2) Inter-segment sales

14,056

280

2,656

515

1,108

18,616(18,616)－Total sales

29,584

10,147

7,615

11,782

11,104

70,235(18,616)

51,618Sales(1) Sales to third parties

2675
774
160
208
1,821(19)1,801
Segment income
Notes:
1. Adjustments of sales represent elimination of inter-segment transactions.
Adjustments of segment income refer to the adjustment as a result of inter-segment transaction eliminations.
2. Segment income is adjusted to operating income of consolidated statements of income.

93. Supplementary Information
Status of Orders
Nine months ended December 31, 2023

(Millions of yen)OrdersAmountOrder backlog

Comparison with theprevious period (%)

AmountComparison with the endof previous year (%)

Japan

21,961(4.0)

30,151

27.1

China

6,660

(53.8)

14,306(18.3)

Asia

5,104

5.0

5,451

2.7

Americas13,20412.4

12,62518.1

Europe13,41911.7

16,541

26.1

Total

60,351(8.5)

79,076

12.4

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

10