<Translation>

February 5, 2015

Consolidated Financial Results
for the Nine Months Ended December 31, 2014
<under Japanese GAAP>
Company Name:
Listing:
Securities code:
URL:
Representative:
Inquiries:

Yushin Precision Equipment Co., Ltd.
First Section of the Tokyo Stock Exchange6482
http://www.yushin.com
Mayumi Kotani, President and Representative Director
Yoshihisa Nakanishi, Accounting Manager
Tel: +81-75-933-9168 (from overseas)
Scheduled date to submit quarterly report:
February 13, 2015
Scheduled date to commence dividend payments:
Preparation of supplementary materials on financial results: None
Holding of financial results briefing:
None(Amounts less than one million yen are omitted, unless otherwise noted)

1. Consolidated Business Results for the Nine Months Ended December 31, 2014
(From April 1, 2014 to December 31, 2014)(1) Consolidated operating results (Cumulative)(Percentages indicate year-on-year changes)
Operating income
Ordinary income
Net income

Net sales
Nine months ended

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

December 31, 2014

12,671

(1.2)

1,465

(22.6)

1,713(18.0)

1,081(18.8)

December 31, 201312,821

20.5

1,894

101.6

2,090

105.9

1,332

116.2

Note: Comprehensive income
Nine months ended December 31, 2014: 1,638 million yen [ (4.3) %]Nine months ended December 31, 2013: 1,712 million yen [146.8 %]Net income per share
Nine months ended
December 31, 2014
December 31, 2013

Diluted net income
per share

Yen

Yen

61.84
76.18

-

(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen%

As of December 31, 2014

28,58823,29280.7

As of March 31, 2014

26,252

21,87582.9

Reference: Equity capital (Net assets less minority interests)
As of December 31, 2014:
23,075 million yen
As of March 31, 2014:
21,753 million yen

Yushin Precision Equipment Co., Ltd. (6482)

2. Cash Dividends
Annual dividends per share
1Q
Year ended March 31, 2014
Year ending March 31, 2015

2Q

3Q

Total

4Q

Yen

Yen

Yen

Yen

Yen

-

10.00
10.00

-

20.00

30.00

20.00

30.00

Year ending March 31, 2015
(Forecast)

Note: Revisions to projected dividends most recently announced: None

3. Consolidated Earnings Forecasts for the Year Ending March 31, 2015
(From April 1, 2014 to March 31, 2015)
OperatingincomeNet salesYear ending March 31,
2015(Percentages indicate year-on-year changes)
Net
Ordinary income
Net income
incomeper share

Millions ofyen%

19,500

8.9

Millions ofyen%Millions ofyen

3,100 11.0%

3,500 13.1

Millions of
yen

%

Yen

2,100 10.9

120.09Note: Revisions to projected results most recently announced: None

* Notes(1) Changes in significant subsidiaries during the period (Changes in specified subsidiaries accompanying
changes in scope of consolidation): None
Newly added: Excluded: (2) Adoption of the special accounting methods: Yes
Note: Please refer to “2. Other Information (Notes), (2) Adoption of special accounting methods for
preparation of quarterly financial statements” on page 3 of [Attached Material] for further information.
(3) Changes in accounting policies, changes in accounting estimates, and restatement
1) Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
2) Changes in accounting policies due to other reasons:None3) Changes in accounting estimates:
None4) Restatement:
None(4) Number of issued shares (Common stock)1) Number of issued shares at the end of the period (including shares of treasury stock)
As of December 31, 2014
17,819,033 shares
As of March 31, 2014
17,819,033 shares
2) Number of shares of treasury stock at the end of the period
As of December 31, 2014
330,768 shares
As of March 31, 2014
330,197 shares
3) Average number of outstanding shares during the period
Nine months ended December 31, 2014
17,488,538 shares
Nine months ended December 31, 2013
17,489,382 shares* Information regarding the implementation of quarterly review proceduresThis quarterly financial information included in this summary is out of scope of quarterly review
procedure under the Financial Instruments and Exchange Act. Quarterly review procedure under the
Financial Instruments and Exchange Act has not been completed at the date of submission of this summary.

Yushin Precision Equipment Co., Ltd. (6482)* Cautionary statement with respect to forward-looking statements and other special remarks
The forecasts above are based on the information currently available. A number of factors could cause
actual results to differ materially from expectations. For more information about these assumptions andnotes regarding the use of earnings forecasts, please refer to “1. Qualitative Information on Quarterly
Consolidated Financial Performance, (3) Explanation on the forecast information including consolidated
earnings forecast and others” on page 2 of [Attached Material].

* Disclaimer
This English version is not an official translation of the original Japanese document. In cases where any
differences occur between the English version and the original Japanese version, the Japanese version shallprevail. Yushin Precision Equipment Co., Ltd. shall accept no responsibility or liability for damages orloss caused by any error, inaccuracy, misunderstanding or misspelling with regard to this translation. Thistranslation may be used only for reference purposes. Yushin Precision Equipment Co., Ltd. maintains theright to claim compensation from violators for any damage or loss it may suffer from the violation of these
conditions.

Yushin Precision Equipment Co., Ltd. (6482)[Attached Material]
INDEX
1. Qualitative Information on Quarterly Consolidated Financial Performance ······································ 2(1) Explanation on the business results ················································································· 2(2) Explanation on the financial condition·············································································· 2(3) Explanation on the forecast information including consolidated earnings forecast and others ············· 2
2. Other Information (Notes) ······························································································· 3(1) Changes in significant consolidated subsidiaries ·································································· 3(2) Adoption of special accounting methods for preparation of quarterly financial statements ················· 3(3) Changes in accounting principles, accounting estimates and retrospective restatement ····················· 3(4) Additional information ································································································ 4
3. Consolidated Financial Statements ····················································································· 5(1) Consolidated balance sheets ·························································································· 5(2) Consolidated statements of income and consolidated statements of comprehensive income ··············· 7
Consolidated statements of income ················································································· 7
Consolidated statements of comprehensive income ······························································ 8(3) Notes related to consolidated financial statements ································································ 9< Notes related to going concern assumption > ····································································· 9< Notes in the event of significant changes in shareholders’ equity > ··········································· 9< Segment information > ······························································································· 9
4. Supplemental Information ····························································································· 10(1) Orders, backlog and sales ··························································································· 10(2) Overseas sales ········································································································ 10

1Yushin Precision Equipment Co., Ltd. (6482)

1. Qualitative Information on Quarterly Consolidated Financial Performance(1) Explanation on the business results
In the nine month ended December 2014, the economy of United States remained strong. However,European economy was slow and the economic growth in Asian countries and some emerging countries
were slowing down. Due to these situations, the world economy had some lack of strength. Regarding theindustries relating to Yushin Group, the demand on industries of automotive and IT devices were strong.
In these circumstances, Yushin Group maintained good sales of take-out robots which contribute a laborsaving in the back ground of raise of labor costs in Asian countries. Sales of custom-ordered equipment
was still slow but orders of the equipment was gradually recovering. Yushin group absorbed increase ofmaterial costs arisen from a weak yen by a cost reducing activities, but increases of labor costs and some
expenses caused cost of goods sold increased. As the results, consolidated net sales decreased by 1.2%
year-on-year to 12,671 million yen. And operating income decreased by 22.6% year-on-year to 1,465
million yen, ordinary income decreased by 18.0% year-on-year to 1,713 million yen and net income for theperiod decreased by 18.8% year-on-year to 1,081 million yen.
(2) Explanation on the financial condition<Assets>
Total assets increased by 2,336 million yen from the end of the previous fiscal year to 28,588 million yen.
This was mainly due to increase of Cash and deposits by 1,009 million yen and increase of Notes andaccounts receivable - trade by 345 million yen.
<Liabilities>
Total liabilities increased by 920 million yen from the end of the previous fiscal year to 5,296 million yen.
This was mainly due to increase of Advances received by 874 million yen.
<Net assets>
Net assets increased by 1,416 million yen from the end of the previous fiscal year to 23,292 million yen.
This was mainly due to an increase of Retained earnings by 844 million yen.
(3) Explanation on the forecast information including consolidated earnings forecast and others
No revision for full year has been made to consolidated earnings forecasts for the fiscal year ending March
31, 2015 released on May 9, 2014.

2

Yushin Precision Equipment Co., Ltd. (6482)

2. Other Information (Notes)(1) Changes in significant consolidated subsidiaries
None(2) Adoption of special accounting methods for preparation of quarterly financial statements
The effective tax rate on income before income tax for the consolidated fiscal year after the application oftax effect accounting is reasonably estimated, and this estimated rate is applied to net income for thequarterly period under review.
Income taxes–deferred are included in income taxes in the consolidated statements of income.
(3) Changes in accounting principles, accounting estimates and retrospective restatement(Adoption of Accounting Standard for Retirement Benefits)
Effective from this first quarter of the fiscal year ending March 31 st, 2015, the Group adopted the AccountingStandard for Retirement Benefits (Accounting Standards Board of Japan [ASBJ] Statement No. 26 issued on
May 17, 2012; hereinafter “the Accounting Standard for Retirement Benefits”), and its Guidance on AccountingStandard for Retirement Benefits (ASBJ Guidance No. 25 issued on May 17, 2012; hereinafter “the Guidance on
Retirement Benefits”) in accordance with article 35 of ASBJ Statement No. 26 and article 67 of ASBJ Guidance
No. 25. The Group changed that the method for calculating retirement benefit obligation and service costs, theattribution method for projected retirement benefit from a straight-line basis to a benefit-formula basis and themethod for determination of a discount rate from based on the number of years that approximates averageremaining service period of employees to based on a single weighted-average discount rate reflecting to theprojected payment period for retirement benefits and the value of each projected payment period.
Regarding to the adoption of “the Accounting Standard for Retirement Benefits”, in accordance with transitional
accounting as stipulated in Article 37 of “the Accounting Standard for Retirement Benefits”, the effect of thechanges in the new method for calculating retirement benefit obligation and service costs is recognized as“Retained earnings” in consolidated balance sheet on the beginning of the first quarter of the current fiscal year.
As the result, “Net defined benefit asset” on the consolidated balance sheet increased 142,415 thousand yen and“Retained earnings” increased 91,858 thousand yen on the beginning of the first quarter of the current fiscal year.
Also noted that the effect on profit and loss in the period ended December 31st, 2014 is considered to be minimal.

3

Yushin Precision Equipment Co., Ltd. (6482)(4) Additional information(Change in fiscal year of subsidiaries)
The date of closing accounting period for Yushin America, Inc. and all other consolidated subsidiaries was
December 31st of the year until last fiscal year of the Group. Subsidiaries’ financial statements as of the closing
date were used in preparation of the consolidated financial statements and adjustments considered necessary forconsolidation were affected with respect to material transactions occurred during the period between the day
after the account closing date of the subsidiaries and the consolidated account closing date.
In order to provide more appropriate disclosure of consolidated financial statements, the Group altered the wayof disclosure on the consolidated financial statements based on a unified accounting period. All subsidiaries
prepare provisional settlements of account as of March 31st and those financial statements are taken into theconsolidated financial statements from this first quarter of the fiscal year.
Profit and loss of all subsidiaries between January 1 st, 2014 and March 31st, 2014 were directly recognized in“Retained earnings” of the consolidated financial statements.
[Procedure for consolidation in this fiscal year]
Financial Statementsfrom April 2014 to March 2015

Parent company

Subsidiaries

F/S
Jan-Mar 2014

Financial Statementsfrom April - December 2014

F/S
Jan-Mar 2015

Profit and Loss, directly recognized in Retained earnings
Retainedearnings[Change of consolidation procedure]
Parent company

Subsidiaries

Parent company

Subsidiaries

Financial Statementsfrom April 2013 to March 2014
Financial Statementsfrom January to December 2013

Financial Statementsfrom April 2014 to March 2015
Financial statements from April to December 2014
and Financial statements from January to March 20154

Yushin Precision Equipment Co., Ltd. (6482)

3. Consolidated Financial Statements(1) Consolidated balance sheets
As of March 31, 2014
Amount%(Thousands of yen)
As of December 31, 2014
ChangeAmount%Amount<ASSETS>
Current assets
Cash and deposits

7,728,245

8,737,486

1,009,241

Notes and accounts receivable - trade5,263,663

5,608,668

345,005

837,873

988,316

150,442Work in process

1,076,358

1,039,779(36,578)

Raw materials and supplies

2,076,333

2,241,012

164,678

Deferred tax assets

519,500

536,840

17,340

Other334,029553,628

219,599

Allowance for doubtful accounts(25,363)(20,362)

5,000

Merchandise and finished goods

Total current assets

17,810,640

67.8

19,685,370

68.9

1,874,729

Non-current assets
Property, plant and equipment
Buildings and structures

1,846,455

1,768,593(77,862)Land

5,640,928

5,810,732

169,804

Other

271,251454,526

183,274

Total property, plant and equipment
Intangible assets

7,758,635

29.6

8,033,852

28.1

275,216

146,0800.6

156,290

0.5

10,210Investments and other assets
Investment securities

230,176

275,21345,037

Net defined benefit asset

107,464

250,983

143,519

Other

200,015

187,586(12,428)

Allowance for doubtful accounts(1,003)(922)

81

Total investments and other assets

536,652

2.0

712,862

2.5

176,209

Total non-current assets

8,441,368

32.2

8,903,004

31.1

461,636

Total assets

26,252,009

100.0

28,588,375

100.0

2,336,365

5

Yushin Precision Equipment Co., Ltd. (6482)

As of March 31, 2014
Amount%(Thousands of yen)
As of December 31, 2014
ChangeAmount%Amount<LIABILITIES>Current liabilities
Notes and accounts payable - trade

1,696,371

2,300,736

604,364

Accounts payable - other633,809506,772(127,037)

Income taxes payable

767,962

165,715(602,246)

Advances received

388,832

1,262,937

874,105

Provision for bonuses

214,000

118,000(96,000)

Provision for directors’ bonuses

34,50018,000(16,500)

Provision for product warranties

138,670

170,925

32,254

Other

233,757

322,163

88,406

Total current liabilities

4,107,905

15.7

4,865,250

17.0

757,345

Non-current liabilities
Provision for directors’ retirement
benefits

66,78066,780-Net defined benefit liability

33,93832,134(1,804)

Deferred tax liabilities

93,145

252,078

158,933

Other

74,31480,028

5,714

Total non-current liabilities

268,178

1.0

431,0211.5

162,843

4,376,083

16.7

5,296,271

18.5

920,188

Total liabilities<NET ASSETS>
Shareholders' equity
Capital stock

1,985,666

1,985,666-

Capital surplus

2,023,903

2,023,903-

Retained earnings

17,758,839

18,603,616

844,776

Treasury stock(350,265)(351,694)(1,429)Total shareholders’ equity
Accumulated other comprehensive
incomeValuation difference on
available-for-sale securities
Foreign currency translation
adjustment
Remeasurements of defined benefit
plans
Total accumulated
other comprehensive income

21,418,143

81.6

22,261,491

77.9

843,347

53,41681,882

28,465242,279

690,508448,228

40,10541,375

1,270

335,801

1.3

813,7652.8

477,963

Minority interests

121,980

0.4

216,845

0.8

94,865

Total net assets

21,875,926

83.3

23,292,103

81.5

1,416,176

Total liabilities and net assets

26,252,009

100.0

28,588,375

100.0

2,336,365

6

Yushin Precision Equipment Co., Ltd. (6482)(2) Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Thousands of yen)
Nine months ended
December 31, 2013%
AmountNine months ended
December 31, 2014%
AmountAmountNet sales

12,821,096

100.0

12,671,277

100.0(149,819)

Cost of sales

7,440,850

58.0

7,548,839

59.6

107,988

Gross profit

5,380,246

42.0

5,122,437

40.4(257,808)

Selling, general and administrative
expenses

3,485,913

27.2

3,656,485

28.9

170,571

Operating income

1,894,332

14.8

1,465,952

11.6(428,379)

ChangeNon-operating income
Interest income

12,743

16,743

3,999

Dividends income

4,297

4,905

607

Purchase discounts

9,050

9,051

1

Foreign exchange gains

154,526

196,178

41,651

Other

16,421

22,647

6,226

Total non-operating income

197,039

1.5

249,525

2.0

52,485Non-operating expenses
Sales discounts

691

793

101

Other

250

1,233

982

Total non-operating expenses

942

0.0

2,026

0.0

1,083

2,090,429

16.3

1,713,451

13.5(376,978)Ordinary income
Extraordinary income
Gain on sales of non-current assets

1,664

Total extraordinary income

1,664

Extraordinary loss
Loss on sales and retirement of
non-current assets

23,459Total extraordinary losses

23,459

0.2

223

0.0

(23,236)

2,068,634

16.1

1,714,325

13.5(354,309)

683,098

5.3

578,852

4.6(104,246)

1,385,535

10.8

1,135,472

9.0(250,063)

53,2470.4

54,041

0.4

793

1,332,287

10.4

1,081,431

8.5(250,856)

Income before income taxes and minority
interests
Income taxes
Income before minority interests
Minority interests in income
Net income

7

1,096
0.0

1,096

(567)
0.0

223

(567)

(23,236)

Yushin Precision Equipment Co., Ltd. (6482)

Consolidated statements of comprehensive income(Thousands of yen)
Nine months ended
December 31, 2013
Income before minority interests

Nine months ended
December 31, 2014

Change1,385,535

1,135,472(250,063)

Valuation difference on available-forsale securities

17,26428,465

11,200Foreign currency translation adjustments

309,568

473,726

164,158

Remeasurements of defined benefit
plans, net of tax

-

1,270

1,270

Total other comprehensive income

326,833

503,462

176,628

1,712,368

1,638,934(73,434)

1,646,883

1,559,395(87,487)

65,48579,53914,053

Other comprehensive income

Comprehensive income(Details)
Comprehensive income attributable toowners of the parent
Comprehensive income attributable tominority interests

8

Yushin Precision Equipment Co., Ltd. (6482)(3) Notes related to consolidated financial statements< Notes related to going concern assumption >None< Notes in the event of significant changes in shareholders’ equity >None< Segment information >Nine Months of FY2014 (from April 1, 2013 to December 31, 2013)
Information related to sales and profit or loss for each reportable segment(Thousands of yen)Amounts shown on

Reportable segment
Total
Japan

U.S.A.

Asia

Adjustment

quarterly consolidated*1

statements of income

Europe*2

Net sales
Sales to customers

6,883,061

2,005,574

3,476,965

455,494

12,821,096-

12,821,096

Inter-segment sales

2,963,626

14,594

216,4307,770

3,202,421(3,202,421)

-

Total

9,846,688

2,020,168

3,693,395

463,264

16,023,518(3,202,421)

12,821,096

876,237

345,175

635,264

83,476

1,940,153(45,821)

1,894,332

Segment profit*Notes 1: The (45,821) thousand yen adjustment to segment profit includes eliminations for inter-segment
transactions of 4,404 thousand yen and inventory adjustments of (50,225) thousand yen.
*Notes 2: Segment profit is adjusted to be consistent with operating income shown on the consolidated
statements of income.

Nine Months of FY2015 (from April 1, 2014 to December 31, 2014)
Information related to sales and profit or loss for each reportable segment(Thousands of yen)Amounts shown on

Reportable segment
Total
Japan

U.S.A.

Asia

EuropeAdjustment

quarterly consolidated*1

statements of income*2

Net sales
Sales to customers

6,449,918

2,024,166

3,689,543

507,647

12,671,277-

12,671,277

Inter-segment sales

3,137,904

6,549

207,687

1,082

3,353,223(3,353,223)

-

Total

9,587,822

2,030,716

3,897,230

508,730

16,024,500(3,353,223)

12,671,277

715,423

202,362

568,429

34,043

1,520,259(54,306)

1,465,952

Segment profit*Notes 1: The (54,306) thousand yen adjustment to segment profit includes eliminations for inter-segment
transactions of (15,526) thousand yen and inventory adjustments of (38,780) thousand yen.
*Notes 2: Segment profit is adjusted to be consistent with operating income shown on the consolidated
statements of income.

9

Yushin Precision Equipment Co., Ltd. (6482)

4. Supplemental Information(1) Orders, backlog and sales
a. Orders
1) Order received
Products(Thousands of yen)
Nine Months of FY2014

ChangeNine Months of FY2015(%)

Take-out robots

9,670,656

10,045,953

103.9

Custom-ordered equipment

2,239,570

2,637,931

117.8

Parts and maintenance service

1,933,645

2,217,280

114.7

13,843,872

14,901,165

107.6

Total

(Thousands of yen)

2) Backlog of orders
Products

As of December 31, 2013

Take-out robots

ChangeAs of December 31, 2014(%)

2,162,895

2,160,577

99.9

Custom-ordered equipment

813,677

2,091,119257.0

Parts and maintenance service

169,244

177,197104.7

3,145,817

4,428,894

140.8

Total

(Thousands of yen)b. Net sales
Products

Nine Months of FY2014

ChangeNine Months of FY2015(%)

Take-out robots

9,134,713

9,370,082

102.6

Custom-ordered equipment

1,775,735

1,145,462

64.5

Parts and maintenance service

1,910,648

2,155,732

112.8

12,821,096

12,671,277

98.8

Total

(2) Overseas sales
Nine Months of FY2014 (from April 1, 2013 to December 31, 2013)
North America
I

Overseas sales

2,018,561

Asia(Thousands of yen)
Europe5,731,196

Other areas

939,852

Total

330,276

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

12,821,096
15.7

44.7

7.3

2.6

North America
Overseas sales

1,864,040

Asia

Europe5,721,500

Other areas

749,849

345,725

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

70.3(Thousands of yen)

Nine Months of FY2015 (from April 1, 2014 to December 31, 2014)

I

9,019,887

Total
8,681,116
12,671,277

14.7

45.2

10

5.9

2.7

68.5