< Translation >May 10, 2018

Consolidated Financial Results for the Fiscal Year
Ended March 31, 2018 <under Japanese GAAP>
Company Name: YUSHIN PRECISION EQUIPMENT CO., LTD.
Listing:First Section of the Tokyo Stock Exchange
Securities code: 6482
URL:
https://www.ype.co.jp/en/
Representative: Mayumi Kotani, President and Representative Director
Inquiries:
Masahito Fukui, Executive Officer and General Manager of Corporate Management Department
Tel: +81-75-933-9168 (from overseas)
Scheduled date of annual general shareholders’ meeting:June 22, 2018
Scheduled date to commence dividend payments:
June 5, 2018
Scheduled date to submit annual securities report:
June 26, 2018
Preparation of supplementary materials on financial results: Yes
Holding of financial results briefing:
Yes (for analysts)(Amounts less than one million yen are omitted, unless otherwise noted)

1. Consolidated Financial Results for the FY2018 (from April 1, 2017 to March 31, 2018)(1) Consolidated operating results

Net sales

FY2018FY2017

Operating income

Millions of yen%

20,87819,3467.9(8.5)

Note: Comprehensive income

Millions of yen%

Millions of yen%

2,358 11.6
2,112 (31.5)

2,432
2,058

18.2
(29.6)FY2018: 1,679 million yen [20.5 %]Net income
per share
FY2018FY2017(Percentages indicate year-on-year changes)
Net income
attributable toOrdinary income
shareholders of theparent company
Millions of yen%

1,626 17.9
1,380 (27.7)

FY2017: 1,393 million yen [(2.0) %]Diluted net
Return on equity
income per share

Ratio of ordinary Ratio of operating
income toincome tototal assets
net sales

Yen

Yen

%

%

%

46.51
39.46

-

6.3
5.5

7.7
6.8

11.3
10.9

Reference: Equity in earnings (losses) of affiliates
FY2018: - million yen
FY2017: - million yen
Note: The Company carried out a stock split on April 1, 2018, at a ratio of two shares per one common share.
Accordingly, Net income per share has been calculated presuming that this stock split was carried out at thestart of the previous consolidated fiscal year.

(2) Consolidated financial position
Total assets
As of March 31, 2018
As of March 31, 2017

Net assets

Net assets
per share

Equity ratio

Millions of yen

Millions of yen%

Yen

32,57230,761

26,47225,451

80.6
82.1

750.37722.19Reference: Equity capital (Net assets less Non-controlling interests)
As of March 31, 2018: 26,243 million yen
As of March 31, 2017: 25,258 million yen
Note: The Company carried out a stock split on April 1, 2018, at a ratio of two shares per one common share.
Accordingly, Net assets per share has been calculated presuming that this stock split was carried out at thestart of the previous consolidated fiscal year.

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(3) Consolidated cash flows
Net cash provided by(used in) operating
activities

Net cash provided by(used in) investing
activities

Net cash providedby (used in)financing activities

Millions of yen

Millions of yen

Millions of yen

Millions of yen

1,223
1,626

(2,511)
(471)

(659)
(678)

3,763
5,690

FY2018FY2017

Cash and cash
equivalents
at end of period

2. Cash Dividends
Annual dividends per share
1Q

FY2017FY2018FY2019(Forecast)

2Q

3Q

4Q

Total

Total cash
dividends(annual)Dividend
payout ratio(consolidated)

Ratio ofdividends to
net assets(consolidated)

Yen

Yen

Yen

Yen

Yen

Millions of yen

%

%

-

15.00
15.00

-

21.00
18.00

36.00
33.00

629
577

45.6
35.5

2.5
2.2

-

8.00

-

9.00

17.00

33.0

Note: The Company carried out a stock split on April 1, 2018 at a ratio of two shares per one common share.
The actual dividend amount prior to the stock split is noted here for the fiscal year ended in March 2017 andthe fiscal year ended in March 2018. The forecasted dividend for the fiscal year ending March 31, 2019 isstated taking into consideration the impact of the stock split.

3. Consolidated Earnings Forecasts for the FY2019 (from April 1, 2018 to March 31, 2019)(Percentages indicate year-on-year changes)
OperatingincomeNet sales
Millionsof yenFirst six months
ending September
30, 2018

FY2019Net income attributable
to shareholdersof the parent company

Ordinary
incomeNet income
per share%

Millionsof yen%Millionsof yen%Millionsof yen%Yen

11,000 12.9

1,300

31.2

1,300

25.0

900

20.8

25.73

22,000

2,600

10.2

2,600

6.9

1,800

10.6

51.47

5.4

Note: The Company carried out a stock split on April 1, 2018 at a ratio of two shares per one common share.
The forecasted Net income per share for the fiscal year ending March 31, 2019 is stated taking into
consideration the impact of the stock split.

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying
changes in scope of consolidation): None
(2) Changes in accounting policies, changes in accounting estimates, and restatement
1) Changes in accounting policies due to revisions to accounting standards and other regulations: None
2) Changes in accounting policies due to other reasons:None3) Changes in accounting estimates:
None4) Restatement:
None(3) Number of issued shares (common stock)1) Number of issued shares at the end of the period (including shares of treasury stock)
As of March 31, 2018: 35,638,066 shares
As of March 31, 2017: 35,638,066 shares
2) Number of shares of treasury stock at the end of the period
As of March 31, 2018:
663,964 shares
As of March 31, 2017:
663,430 shares
3) Average number of outstanding shares during the period
FY2018:34,974,410 shares
FY2017:
34,975,224 shares
Note: The Company carried out a stock split on April 1, 2018, at a ratio of two shares per one commonshare. Accordingly, Number of issued shares (common stock) has been calculated presuming that
this stock split was carried out at the start of the previous consolidated fiscal year.

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the FY2018 (April 1, 2017 - March 31, 2018)(1) Non-consolidated operating results
Net sales
Millions of yen

FY2018FY2017

16,724
15,545(Percentages indicate year-on-year changes)
Ordinary income
Net income

Operating income% Millions of yen

7.6
0.2

Net income per share

1,409
1,279

%

Millions of yen%

10.2(15.0)

2,091
1,721

21.4
(24.1)

Millions of yen%

1,611 27.0
1,269 (24.3)

Diluted net income
per share

Yen

Yen

FY201846.07
FY201736.29
Note: The Company carried out a stock split on April 1, 2018, at a ratio of two shares per one common share.
Accordingly, Net income per share has been calculated presuming that this stock split was carried out at
the start of the previous consolidated fiscal year.

(2) Non-consolidated financial position
Total assets
As of March 31, 2018
As of March 31, 2017

Total net assets

Net assets
per share

Equity ratio

Millions of yen

Millions of yen%

Yen

28,58527,331

24,20423,18484.7
84.8

692.06662.90

Reference: Equity capital (Net assets)
As of March 31, 2018: 24,204 million yen
As of March 31, 2017: 23,184 million yen
Note: The Company carried out a stock split on April 1, 2018, at a ratio of two shares per one common share.
Accordingly, Net assets per share has been calculated presuming that this stock split was carried out at
the start of the previous consolidated fiscal year.
* This financial information included in this summary is out of scope of audit procedure.
* Cautionary statement with respect to forward-looking statements and other special remarks
The forecast above is 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. Overview of operating results, (4) Business
forecasts” on page 3 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 shall prevail. YUSHIN PRECISION EQUIPMENT CO., LTD. shallaccept no responsibility or liability for damages or loss caused by any error, inaccuracy, misunderstanding or misspelling with regard to
this translation. This translation 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. Overview of Operating Results ························································································· 2(1) Overview of operating results for the fiscal year ended March 31, 2018 ······································ 2(2) Overview of financial condition for the fiscal year ended March 31, 2018 ··································· 2(3) Overview of cash flow for the fiscal year ended March 31, 2018 ·············································· 3(4) Business forecasts ···································································································· 3
2. Selection of Accounting Standards ····················································································· 3
3. Consolidated Financial Statements and Major Notes ································································ 4(1) Consolidated balance sheets ························································································· 4(2) Consolidated statements of income and consolidated statements of comprehensive income ··············· 6Consolidated statements of income ················································································· 6Consolidated statements of comprehensive income ······························································ 7(3) Consolidated statements of changes in net assets ······························································· 8(4) Consolidated statements of cash flows ············································································10(5) Notes to consolidated financial statements········································································11
Notes related to regarding premise of going concerns···························································11Segment information etc. ····························································································11
Per share indexes ······································································································13
Significant subsequent events ·······················································································14
Order, backlog and sales ·····························································································15
Overseas sales ·········································································································15
4. Non-consolidated Financial Statements ··············································································16(1) Non-consolidated balance sheets ···················································································16(2) Non-consolidated statements of income ···········································································18(3) Non-consolidated statements of changes in net assets ··························································19
5. Other ·······················································································································211YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

1. Overview of Operating Results(1) Overview of operating results for the fiscal year ended March 31, 2018
Regarding the global economy during the consolidated fiscal year under review, the moderate
economic expansion continued in the United States, reflecting robust personal consumption. The
economy recovered in Europe due to improvements in the corporate sector, particularly in the
manufacturing industry, and personal consumption. In the Asian region, including China, the economy
was firm, and world economy remained steady overall.
In these circumstances, Yushin Group has strived to develop new products and to obtain newworld-class customers. Regarding the results for the consolidated fiscal year under review,
consolidated net sales increased by 7.9% year on year to 20,878 million yen as a result of strong salesof take-out robots. Operating income increased by 11.6% year on year to 2,358 million yen due to theincrease in sales and the efficiency improvement led by the production start at the new head office
factory although there was an increase in depreciation expenses at the new headquarters factory anddistribution cost due to an increase in the number of production shipments. Ordinary income
increased by 18.2% year on year to 2,432 million yen, and net income attributable to shareholders of
the parent company increased by 17.9% year on year to 1,626 million yen.
Operating result by product category< Take-out robots >Net sales of take-out robots increased by 2,039 million yen (15.2%) fromthe previous FY to 15,449 million yen since sales of flagship take-out
robots grew steadily.
< Custom-ordered equipment >Net sales of custom-ordered equipment decreased by 627 million yen(22.2%) from the previous FY to 2,204 million yen.
< Parts and maintenance service > Net sales of parts and maintenance service increased by 120 million yen(3.9%) from the previous FY to 3,223 million yen.
Operating result by segment category< Japan >Net sales increased by 7.6% from the previous FY to 16,724 million yen and operating
income increased by 10.2% from the previous FY to 1,409 million yen.
< North America > Net sales decreased by 2.6% from the previous FY to 3,200 million yen and operating
income decreased by 25.2% to 260 million yen.
< Asia >Net sales increased by 17.1% from the previous FY to 5,593 million yen and operating
income increased by 29.4% to 607 million yen.
< Europe >Net sales increased by 76.0% from the previous FY to 698 million yen and operating
income increased by 1,811.3% from the previous FY to 130 million yen.
(2) Overview of financial condition for the fiscal year ended March 31, 2018
< Assets >Total assets increased by 1,811 million yen from the end of the previous fiscal year to 32,572 million
yen. This was mainly due to increase of 1,363 million yen in Raw materials and supplies.
< Liabilities >Total liabilities increased by 790 million yen from the end of the previous fiscal year to 6,100 million
yen. This was mainly due to increase of 570 million yen in Advances received.
< Net assets >Net assets increased by 1,020 million yen from the end of the previous fiscal year to 26,472 million yen
due to increase of Retained earnings by 997 million yen.

2

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(3) Overview of cash flow for the fiscal year ended March 31, 2018
The balance of cash and cash equivalents on March 31, 2018 decreased by 1,927 million yen from the endof the previous fiscal year to 3,763 million yen. Main reasons are as follows.
< Cash flow from operating activities >Income before income taxes was 2,438 million yen. After deducting 402 million yen in Income taxes paid,
cash flow from operating activities for the fiscal year ended March 31, 2018 was a net inflow of 1,223 million
yen (it was a net inflow of 1,626 million yen in the previous fiscal year).
< Cash flow from investment activities >Due to 1,846 million yen in Deposit of time deposit, cash flow from investment activities for the fiscal year
ended March 31, 2018 was a net outflow of 2,511 million yen (it was a net outflow of 471 million yen in theprevious fiscal year).
< Cash flow from financing activities >Due to Cash dividends paid of 629 million yen, cash flow from financing activities for the fiscal year
ended March 31, 2018 was a net outflow of 659 million yen (it was a net outflow of 678 million yen in theprevious fiscal year).
(4) Business forecasts
Regarding the future global economy, the economic recovery is expected to continue as a whole, butthere are many uncertain factors including problems of trade policies in the US and China, and the outlook
for the economy will continue to be uncertain.
Under these circumstances, the Yushin Group will strive to further strengthen its product strength andglobal deployment capabilities, and will continue to develop and sell products that capture customer needs.
In the take-out robot, we will expand sales of new products with new functions and work to improve ourbrand power. With custom-ordered equipment, we will continue to expand sales by receiving automationneeds that are increasing in Japan and overseas. Also, we will provide high-quality technical services byutilizing AI and also work on predictive maintenance. We will further improve productivity, work efficiency
and cost reduction activities.
Yushin forecasts its business performance for the fiscal year ending March 31, 2019 based on the current
information available, as follows.
(Millions of yen)
Net sales

Consolidated

Operating income

Ordinary income

Net income attributable toshareholders of the parent
company

2,600(Y/Y 10.2%)

2,600(Y/Y 6.9%)

1,800(Y/Y 10.6%)

22,000(Y/Y 5.4%)

2. Selection of Accounting Standards
Yushin plans to continue its policy of generating consolidated financial statements according to Japanesestandards in consideration of the fact Yushin does not conduct global funding and to enable the comparison
with other Japanese companies in the same sector.
With regard to the adoption of IFRS, Yushin will take into account the situation across various domestic
and international markets and take appropriate action.

3

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

3. Consolidated Financial Statements and Major Notes(1) Consolidated balance sheets(Thousands of yen)
As of March 31, 2017

As of March 31, 2018

Cash and deposits

5,734,493

5,655,106

Notes and accounts receivable - trade

6,479,748

7,042,925

Merchandise and finished goods

769,815825,365

Work in process

884,830

1,117,029

Raw materials and supplies

2,179,141

3,542,893

Consumption taxes receivable

515,608

197,063

Deferred tax assets

431,885

436,161

Other

374,476

567,362

Allowance for doubtful accounts(21,298)(20,151)

17,348,701

19,363,756

6,041,212

5,424,201

193,037

162,2855,784,160

6,133,446

5,749

4,855

231,654

158,631

12,255,813

11,883,420

Other473,285

494,152

Total Intangible assets

473,285

494,152

Investment securities

220,783

276,387

Net defined benefit asset

292,959274,331

Other

170,444

301,341

Allowance for doubtful accounts(251)(20,501)

Total investments and other assets

683,936

831,558

Total non-current assets

13,413,034

13,209,132

Total assets

30,761,736

32,572,888<ASSETS>
Current assets

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Machinery, equipment and vehicles
Land
Construction in progress
Other
Total property, plant and equipment
Intangible assets

Investments and other assets

4

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(Thousands of yen)
As of March 31, 2017

As of March 31, 2018

Notes and accounts payable - trade

1,686,219

1,764,363

Electronically recorded obligations - operating

1,306,059

1,140,929

Accounts payable - other

750,992

505,356

Income taxes payable

100,112608,628

Advances received

604,929

1,175,887

Provision for bonuses

252,861

256,847

Provision for directors’ bonuses

22,71029,840

Provision for product warranties

122,870

145,325

7,721

7,826

245,736

270,318

5,100,213

5,905,323

Provision for directors’ retirement benefits

66,78066,780Net defined benefit liability

53,85351,486

Deferred tax liabilities

29,73925,028Other

59,431

52,236

Total non-current liabilities

209,805

195,531

5,310,018

6,100,854

Capital stock

1,985,666

1,985,666

Capital surplus

2,023,903

2,023,903

Retained earnings

21,273,290

22,270,517

Treasury stock(353,994)(354,848)

24,928,866

25,925,238

Valuation difference on available-for-salesecurities

58,545

97,103Foreign currency translation adjustment

203,291

164,323

Remeasurements of defined benefit plans

67,69956,982

Total accumulated
other comprehensive income

329,536

318,409

193,315228,385

Total net assets

25,451,718

26,472,034

Total liabilities and net assets

30,761,736

32,572,888<LIABILITIES>Current liabilities

Deferred tax liabilities
Other
Total current liabilities
Non-current liabilities

Total liabilities<NET ASSETS>
Shareholders' equity

Total shareholders’ equity
Accumulated other comprehensive income

Non-controlling interests

5

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(2) Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Thousands of yen)
FY2017FY2018Net sales

19,346,399

20,878,651

Cost of sales

11,680,029

12,417,302

Gross profit

7,666,369

8,461,348

Selling, general and administrative expenses

5,553,726

6,102,616

Operating income

2,112,643

2,358,732

Interest and dividends income

10,756

10,597

Subsidy income

22,942

89,268Other

48,20729,565

Total non-operating income

81,905

129,431

1,209

647

129,316

54,302

5,830

523

136,356

55,473

2,058,192

2,432,690

Gain on sales of non-current assets

1,755

7,268

Gain on sales of investment securities

574

-

2,329

7,268

50,881

1,682

-

92

Total extraordinary losses

50,881

1,775

Income before income taxes

2,009,640

2,438,183

Income taxes – current

503,362

896,719

Income taxes – deferred

94,643(141,382)

Total income taxes

598,005755,337

1,411,635

1,682,846

31,361

56,077

1,380,273

1,626,768

Non-operating income

Non-operating expenses
Sales discounts
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income
Extraordinary income

Total extraordinary income
Extraordinary loss
Loss on sales and retirement of non-current
assetsOther

Net income
Net income attributable to non-controlling interests
Net income attributable to shareholders of theparent company

6

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

Consolidated statements of comprehensive income(Thousands of yen)
FY2017
Net income

FY2018

1,411,635

1,682,846

Valuation difference on available-for-salesecurities

24,62538,558Foreign currency translation adjustments(59,967)(31,028)

Remeasurements of defined benefit plans, net oftax

17,454(10,716)

Total other comprehensive income(17,887)(3,187)

1,393,747

1,679,659

1,359,001

1,615,641

34,74564,017

Other comprehensive income

Comprehensive income(Breakdown)Comprehensive income attributable toshareholders of the parent company
Comprehensive income attributable to noncontrolling interests

7

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(3) Consolidated statements of changes in net assets
FY2017(Thousands of Yen)
Shareholders’ equity

Balance at the beginning ofcurrent period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes of items during theperiodDividends from surplus
Net income attributable toshareholders of the parent
company
Purchase of treasury stock
Net changes of items otherthan shareholders’ equity
Total changes of items during
the period
Balance at the end of current
periodCapitalstock

CapitalSurplusRetainedearnings

1,985,666

2,023,903

Treasury
stock

20,502,208

Total
Shareholders’ equity(352,731)

24,159,047

20,367
1,985,666

2,023,903

20,522,575

20,367(352,731)

24,179,414(629,558)(629,558)

1,380,273

1,380,273(1,262)(1,262)--

750,715(1,262)

749,452

1,985,666

2,023,903

21,273,290(353,994)

24,928,866

Accumulated other comprehensive income

Balance at the beginning ofcurrent period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes of items during theperiodDividends from surplus
Net income attributable toshareholders of the parent
company
Purchase of treasury stock
Net changes of items otherthan shareholders’ equity
Total changes of items during
the period
Balance at the end of current
periodValuationdifference on
available-for-salesecurities

Foreigncurrencytranslation
adjustment

Remeasurementsof defined
benefit plans

Total
accumulated
othercomprehensive
incomeNoncontrollinginterests

Total net
assets33,920266,643

50,245350,808

205,81224,715,668
20,36733,920266,643

50,245350,808

205,81224,736,035(629,558)
1,380,273(1,262)
24,625(63,351)

17,454(21,271)(12,497)(33,769)

24,625(63,351)

17,454(21,271)(12,497)715,682

58,545203,291

67,699329,536

193,315

25,451,718

8

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

FY2018(Thousands of Yen)
Shareholders’ equity

Balance at the beginning ofcurrent period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes of items during theperiodDividends from surplus
Net income attributable toshareholders of the parent
company
Purchase of treasury stock
Net changes of items otherthan shareholders’ equity
Total changes of items during
the period
Balance at the end of current
periodCapitalstock

CapitalSurplusRetainedearnings

1,985,666

2,023,903

Treasurystock

21,273,290

Total
Shareholders’ equity(353,994)

24,928,866

1,985,666

2,023,903

21,273,290(353,994)

24,928,866(629,542)(629,542)

1,626,768

1,626,768
(853)

(853)

-

-

997,226(853)

996,372

1,985,666

2,023,903

22,270,517(354,848)

25,925,238

Accumulated other comprehensive income

Balance at the beginning ofcurrent period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes of items during theperiodDividends from surplus
Net income attributable toshareholders of the parent
company
Purchase of treasury stock
Net changes of items otherthan shareholders’ equity
Total changes of items during
the period
Balance at the end of current
periodValuationdifference on
available-for-salesecurities

Foreigncurrencytranslation
adjustment

Remeasurementsof defined
benefit plans

Total
accumulated
othercomprehensive
incomeNoncontrollinginterests

Total net
assets58,545203,291

67,699329,536

193,315

25,451,718-

58,545203,291

67,699329,536

193,315

25,451,718(629,542)
1,626,768(853)
38,558(38,968)(10,716)(11,126)

35,07023,94338,558(38,968)(10,716)(11,126)

35,0701,020,316

97,103

164,323

56,982

318,409228,385

26,472,034

9

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(4) Consolidated statements of cash flows(Thousands of yen)
FY2018FY2017
Net cash provided by (used in) operating activities
Income before income taxes
Depreciation and amortization
Increase (decrease) in allowance for doubtful
accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for directors’
bonuses
Increase (decrease) in net defined benefit asset andliability
Interest and dividends income
Loss (gain) on sales of securities and investment
securities
Decrease (increase) in notes and accounts
receivable - trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable- tradeIncrease (decrease) in other current liabilities
Other, net
SubtotalInterest and dividends income received
Proceeds from insurance income
Income taxes paid
Net cash provided by (used in) operating activities
Net cash provided by (used in) investing activities
Payments into time deposits
Purchase of property, plant and equipment
Proceeds from sales of property, plant andequipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sales of investment securities
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities
Purchase of treasury stock
Proceeds from share issuance to non-controllingshareholders
Cash dividends paid
Payment of dividends to Non-controllingshareholders
Net cash provided by (used in) financing activities
Effect of exchange rate changes on cash and cash
equivalents
Net increase (decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

102,009,640
479,6292,438,183
935,805(8,869)19,07816,861

3,985(7,250)

7,130

7,699

1,114

(10,756)(10,597)(574)-(482,815)(536,847)(213,634)(1,661,229)

890,174(111,148)

297,346(453,395)
2,524,056
10,83850,101(958,372)
1,626,624

402,543
129,081
1,617,100
8,858(402,508)
1,223,450(3,095)(356,006)(1,846,300)(572,252)

4,647

53,997(117,294)(121)
782(471,087)(147,118)(124)(2,511,797)(1,262)

(853)

3,264

-

(629,919)(629,409)(50,507)(28,946)(678,425)(659,210)(84,164)

20,213392,946(1,927,344)

5,297,701
5,690,647

5,690,647
3,763,302

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(5) Notes to consolidated financial statements
Notes related to regarding premise of going concerns
Non applicable
Segment information etc.
Segment information
1. Overview of reportable segment
Segments used for financial reporting are the Company’s constituent units for which separate
financial information is available and for which the Board of Directors performs periodic studies forthe purposes of determining the allocation of resources and evaluating performance.
Yushin carries out the development, production, sales and after-sales maintenance of take-out
robots for injection-molded products and peripheral equipment, including labor-saving systems. In
the domestic market, these operations are handled by the Company; overseas markets - North
America, Asia (South Korea, Taiwan, China, Indonesia, Vietnam, Malaysia, Thailand and India)
and Europe (UK) - are serviced by local subsidiaries, including Yushin America Inc. (US), Yushin
Korea Co., Ltd. (South Korea) and Yushin Automation Ltd. (Europe). The local subsidiaries are
independently managed units, with separately drafted strategies and activities.
Accordingly, Yushin's operations, based on its production, sales and after-sales maintenancesetups, are geographically grouped into four reportable segments: Japan, North America, Asia andEurope.
2. Method of calculating sales and profit (loss), identifiable assets, and other items by businesssegment reported
Accounting policies for the reportable business segments are the same as “Basis of Presenting
Consideration Financial Statements”.
Income by business segment reported is calculated based on operating income.
Inter-segment income and transfer are based on realized market price basis.

11

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

3. Information related to sales and profit (loss), identifiable assets, and other items for each reportablesegment
FY2017 (from April 1, 2016 to March 31, 2017)(Thousands of yen)

Reportable segment

Net sales
Sales to customers
Inter-segment sales
or transfers
Total
Segment profit
Segment assets
Other items
Depreciation andamortization
Increment of tangible& intangible assets

Total

Adjustment

Amounts
shown onconsolidated
statements ofincome *2

Japan

North
America

Asia

Europe11,163,835

3,274,951

4,512,118

395,494

19,346,399-

19,346,399

4,381,261

10,841

264,479

1,418

4,658,001(4,658,001)-

15,545,096

3,285,793

4,776,598

396,913

24,004,401(4,658,001)

19,346,399

1,279,141

348,477

469,737

6,850

2,104,206

8,436

2,112,643

21,654,181

2,122,853

3,758,967

943,30928,479,312

2,282,423

30,761,736

404,333

37,117

19,852

12,848474,151

5,477

479,629459,360

25,255

16,56545,432546,613-546,613*1*Notes 1: Adjustment is as follows.
(1) The 8,436 thousand yen adjustment to segment profit includes eliminations for inter-segment
transactions of 26,220 thousand yen and inventory adjustments of (17,784) thousand yen.
(2) The 2,282,423 thousand yen adjustment to segment assets includes eliminations for inter-segment
transactions of (2,504,133) thousand yen and operating funds of surplus assets by the Company(cash and deposits) and long-term investments funds (investments securities) of 4,786,556 thousandyen.
*Notes 2: Segment profit is adjusted to be consistent with operating income shown on the consolidated statements ofincome.

FY2018 (from April 1, 2017 to March 31, 2018)(Thousands of yen)

Reportable segment

Net sales
Sales to customers
Inter-segment sales
or transfers
Total
Segment profit
Segment assets
Other items
Depreciation andamortization
Increment of tangible& intangible assets

Total

Adjustment

Amounts
shown onconsolidated
statements ofincome *2

Japan

North
America

Asia

Europe11,736,388

3,159,188

5,286,816

696,257

20,878,651-

20,878,651

4,987,881

41,702306,372

2,316

5,338,272(5,338,272)-

16,724,269

3,200,891

5,593,188

698,574

26,216,924(5,338,272)

20,878,651

1,409,044

260,595

607,949

130,938

2,408,528(49,796)

2,358,732

23,310,440

2,172,493

4,327,952

1,552,877

31,363,763

1,209,125

32,572,888

845,006

38,021

24,215

17,541

924,784

11,021

935,805

612,179

19,734

15,595

4,634

652,143-

652,143*1*Notes 1: Adjustment is as follows.
(1) The (49,796) thousand yen adjustment to segment profit includes eliminations for inter-segment
transactions of 36,773 thousand yen and inventory adjustments of (86,570) thousand yen.
(2) The 1,209,125 thousand yen adjustment to segment assets includes eliminations for inter-segment
transactions of (3,119,305) thousand yen and operating funds of surplus assets by the Company(cash and deposits) and long-term investments funds (investments securities) of 4,328,430 thousandyen.
*Notes 2: Segment profit is adjusted to be consistent with operating income shown on the consolidated statements ofincome.

12

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

Per share indexes(Yen)
FY2017FY2018Book-value per share (BPS)

722.19750.37

Earnings per share (EPS)

39.46

46.51

*Notes 1: Net income per share fully diluted is not shown since there is none.
*Notes 2: The Company carried out a stock split on April 1, 2018, at a ratio of two shares per one common share.
Accordingly, Book-value per share (BPS) and Earnings per share (EPS) have been calculated
presuming that this stock split was carried out at the start of the previous consolidated fiscal year.
*Notes 3: The bases for calculating Earnings per share (EPS) are followings.
(Thousands of yen)
FY2017
Net income attributable to shareholdersof the parent company

FY20181,380,273

1,626,768--

1,380,273

1,626,768

34,975,224 shares

34,974,410 shares

Amount not attributable to general shareholders
Net income attributable to shareholdersof the parent company for common shares
Average number of shares*Notes 4: The bases for calculating Book-value per share (BPS) are followings.
(Thousands of yen)
As of March 31, 2017
Total net assets
Amounts deducted from total net assets(Portion of non-controlling interest)
Net assets at fiscal year-end applicable tocommon shares
Number of common shares at fiscal year-end
used in calculating book-value per share

13

As of March 31, 201825,451,718

26,472,034

193,315228,385(193,315)(228,385)

25,258,402

26,243,648

34,974,636 shares

34,974,102 shares

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

Significant subsequent events
Stock Split and Partial Amendment to Articles of Incorporation
The Company conducted a stock split and a partial amendment of the Articles of Incorporation on
April 1, 2018 based on a resolution of its Board of Directors held on March 7, 2018.
1. Purpose of stock split and a partial amendment of the Articles of Incorporation
The purpose stock split and a partial amendment of the Articles of Incorporation is to enhance theliquidity of its stock and expand the Company's investor base by reducing the price per unit ofshares to provide investors with more affordable purchase opportunities.
2. Method of Stock Split
A 2-for-1 stock split was conducted with a record date of March 31, 2018 for each common shareheld by shareholders included in the shareholder register as of the end of this day.
3. Increase in Number of Shares due to Stock Split
Total number of shares outstanding before stock split 17,819,033 shares
Increase in number of shares due to stock split
17,819,033 shares
Total number of shares outstanding after stock split
Total number of authorized shares after stock split

35,638,066 shares
80,000,000 shares

4. Effective date of Stock Split
April 1, 2018
Per share indexes have been calculated presuming that this stock split was carried out at the start ofthe previous consolidated fiscal year.

14

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

Order, backlog and sales(1) Orders
1) Order received
Products(Thousands of yen)
FY2017FY2018Changes (%)

Take-out robots

13,910,368

15,996,507

15.0

Custom-ordered equipment

3,207,275

3,486,984

8.7

Parts and maintenance service

3,114,945

3,264,489

4.8

Total

20,232,588

22,747,981

12.42) Backlog of orders
Products(Thousands of yen)
As of March 31, 2017

As of March 31, 2018

Take-out robots

2,420,933

2,967,710

22.6

Custom-ordered equipment

1,039,912

2,321,910

123.3

Parts and maintenance service

206,751

247,306

19.6

Total

3,667,596

5,536,927

51.0(Thousands of yen)

(2) Net sales
Products

Changes (%)

FY2017FY2018Changes (%)

Take-out robots

13,410,587

15,449,729

15.2

Custom-ordered equipment

2,832,537

2,204,986(22.2)

Parts and maintenance service

3,103,275

3,223,934

3.9

Total

19,346,399

20,878,651

7.9

Overseas sales
FY2017 (from April 1, 2016 to March 31, 2017)
North
AmericaI

Overseas sales

3,573,991

Asia

Europe6,678,014

693,469(Thousands of yen)
Other
Total
areas
445,819 11,391,295

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

19,346,399
18.5

FY2018 (from April 1, 2017 to March 31, 2018)
North
AmericaI

Overseas sales

3,172,646

34.5

3.6

Asia

Europe8,062,572

687,412

2.3(Thousands of yen)
Other
Total
areas
620,686 12,543,317

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

58.9

20,878,651
15,2

15

38.6

3.3

3.0

60.1

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

4. Non-consolidated Financial Statements(1) Non-consolidated balance sheets(Thousands of yen)
As of March 31, 2017<ASSETS>
Current assets
Cash and deposits
Notes receivable - trade
Accounts receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Prepaid expenses
Consumption taxes receivable
Deferred tax assets
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings
Structures
Machinery and equipment
Tools, furniture and fixtures
Land
Lease assets
Construction in progress
Total property, plant and equipment
Intangible assets
Telephone subscription right
SoftwareTotal intangible assets
Investments and other assets
Investment securities
Stocks of subsidiaries and affiliates
Investments in capital of subsidiaries andaffiliates
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

16

As of March 31, 2018

4,113,442
1,018,392
5,062,322
375,874
796,987
1,415,625
81,658515,608
166,988257,110(800)
13,803,212

3,477,436
1,593,184
5,282,264
323,011
823,9902,549,380
78,445
197,063202,291
636,476(800)
15,162,746

5,286,602
254,764
108,742
156,661
5,490,953
8,811
5,749
11,312,285

4,765,705
193,961
87,264
92,681
5,843,911
4,817
4,855
10,993,196

11,430382,732
394,162

11,430404,766
416,196

220,783
808,896276,387
808,896

297,873

297,873

166,405
327,794(251)
1,821,502
13,527,950
27,331,162

294,049
336,219(180)
2,013,244
13,422,638
28,585,384

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

As of March 31, 2017
<LIABILITIES>Current liabilities
Notes payable - trade
Electronically recorded obligations - operating
Accounts payable - trade
Accounts payable - otherAccrued expenses
Income taxes payable
Advances received
Provision for bonuses
Provision for directors’ bonuses
Provision for product warranties
Other(Thousands of yen)
As of March 31, 2018

83,816
1,306,059
1,458,758
589,841
108,170
25,798
127,941
250,000
22,71077,00023,692

58,172
1,140,929
1,447,710
480,468
125,477
517,010
153,855
254,000
29,84080,00024,422

4,073,787

4,311,887

Non-current liabilities
Provision for directors’ retirement benefit
Other

66,7805,761

66,7802,518

Total non-current liabilities

72,541

69,298

Total liabilities

4,146,329

4,381,185<NET ASSETS>
Shareholders’ equity
Capital stock
Capital surplus
Legal capital surplus

1,985,666

1,985,666

2,023,903

2,023,903

Total capital surplus

2,023,903

2,023,903

286,314286,3141,000,000
8,700,000
9,484,396

1,000,000
8,700,000
10,466,058

19,470,711

20,452,373(353,994)(354,848)

23,126,287

24,107,095

58,545

97,10358,545

97,103

Total net assets

23,184,832

24,204,198

Total liabilities and net assets

27,331,162

28,585,384

Total current liabilities

Retained earnings
Legal retained earnings
Other retained earnings
Reserve for dividend equalization
General reserve
Retained earnings brought forward
Total retained earnings
Treasury stock
Total Shareholders’ equity
Valuation and translation adjustments
Valuation difference on available-for-salesecurities
Total valuation and translation adjustments

17

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(2) Non-consolidated statements of income(Thousands of yen)
FY2018FY2017
Net sales

15,545,096

16,724,269

Cost of sales

10,119,689

10,743,626

Gross profit

5,425,406

5,980,643

Selling, general and administrative expenses

4,146,265

4,571,599

Operating income

1,279,141

1,409,044

Interest income

2,764

2,672

Dividends income

406,823569,929

Purchase discounts

12,556

14,657

Subsidy income

22,942

89,268Other

30,392

19,501

Total non-operating income

475,478

696,028

Sales discounts

1,209

647

Foreign exchange losses

25,721

13,228

Other

5,828

123

Total non-operating expenses

32,75913,9991,721,859

2,091,073

Gain on sales of non-current assets

-

4,388

Gain on sales of investment securities

574-

Total extraordinary income

574

4,388

50,756

1,434

-

92

Total extraordinary losses

50,756

1,527

Income before income taxes

1,671,677

2,093,934

Income taxes - current

292,168

662,597

Income taxes - deferred

110,405(179,867)

Total income taxes

402,573482,730

1,269,103

1,611,204

Non-operating income

Non-operating expenses

Ordinary income
Extraordinary income

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

Net income

18

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(3) Non-consolidated statements of changes in net assets
FY2017(Thousands of Yen)
Shareholders’ equity

Retained earnings

Capital surplus

Other retained earnings

Capitalstock

Balance at the
beginning of current
periodCumulative effects
of changes inaccounting policies
Restated balance
Changes of items
during the period
Dividends fromsurplus
Net income
Purchase of treasurystock
Net changes of items
other thanshareholders’ equity
Total changes of items
during the period
Balance at the end ofcurrent period

1,985,666

1,985,666

Legalcapitalsurplus

Total
CapitalsurplusLegalretainedearnings

Reserve fordividend
equalizationGeneralreserve

Retainedearnings
brought
forwardTotal
retainedearnings

2,023,903

2,023,903

286,3141,000,000

8,700,000

8,824,484

18,810,799

20,367

20,367

8,844,851

18,831,166(629,558)(629,558)

1,269,103

1,269,103

2,023,903

2,023,903

286,3141,000,000

8,700,000

-

-

-

-

-

-

639,544639,544

1,985,666

2,023,903

2,023,903

286,3141,000,000

8,700,000

9,484,396

19,470,711

Shareholders’ equity

Balance at the beginning ofcurrent period
Cumulative effects ofchanges in accounting
policies
Restated balance

Treasury
stock

Total
Shareholders’equityValuation differenc
e on available-forsale securities

Total Valuationand translation
adjustments(352,731)

22,467,637

33,92033,92020,367(352,731)

Changes of items during theperiodDividends from surplus
Net income
Purchase of treasury stock
Net changes of items otherthan shareholders’ equity
Total changes of items
during the period
Balance at the end of current
periodValuation and translation adjustments(1,262)

22,488,004

Total net assets

22,501,557
20,36733,92033,92022,521,924(629,558)(629,558)

1,269,103

1,269,103(1,262)(1,262)
24,625

24,625

24,625(1,262)

638,282

24,625

24,625662,907(353,994)

23,126,287

58,54558,54523,184,832

19

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

FY2018(Thousands of Yen)
Shareholders’ equity

Retained earnings

Capital surplus

Other retained earnings

Capital stock

Balance at the
beginning of current
periodCumulative effects
of changes inaccounting policies
Restated balance
Changes of items
during the period
Dividends fromsurplus
Net income
Purchase of treasurystock
Net changes of items
other thanshareholders’ equity
Total changes of items
during the period
Balance at the end ofcurrent period

1,985,666

1,985,666

LegalcapitalsurplusTotal
capitalsurplusLegalretainedearnings

Reserve fordividend
equalizationGeneralreserve

Retainedearnings
brought
forwardTotal
retainedearnings

2,023,903

2,023,903

286,3141,000,000

8,700,000

9,484,396

19,470,711--

9,484,396

19,470,711(629,542)(629,542)

1,611,204

1,611,204

2,023,903

2,023,903

Restated balance

8,700,000

-

-

-

-

-

981,662

981,662

1,985,666

2,023,903

2,023,903

286,3141,000,000

8,700,000

10,466,058

20,452,373

Valuation and translation adjustments

Treasury
stock

Total
Shareholders’equityValuation differenc
e on available-forsale securities

Total Valuationand translation
adjustments(353,994)

23,126,287

58,54558,545(353,994)

Changes of items during theperiodDividends from surplus
Net income
Purchase of treasury stock
Net changes of items otherthan shareholders’ equity
Total changes of items
during the period
Balance at the end of current
period1,000,000-

Shareholders’ equity

Balance at the beginning ofcurrent period
Cumulative effects ofchanges in accounting
policies

286,314(853)

23,126,287

Total net
assets23,184,832-

58,54558,54523,184,832(629,542)(629,542)

1,611,204

1,611,204

(853)

(853)
38,55838,55838,558(853)

980,808

38,55838,5581,019,366(354,848)

24,107,095

97,103

97,10324,204,198

20

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

5. OtherAppointment and Retirement of Directors and Auditors
1. Representative
Non applicable
2. Other Members (Effective on June 22, 2018)(1) Candidate for new Director
Reiko Nakayama, Outside Director (currently Auditor of UcarPAC Co. LTD., Director (Audit andsupervisory committee member) of LUCKLAND CO., LTD.)End of Materials

21