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.

Items Disclosure on the Internet,
Pursuant to the Provisions of Laws and Regulations
and Articles of Incorporation

Consolidated Statements of Changes in Net Assets
Basis of Preparing Consolidated Financial Statements and other Notes
Statements of Changes in Net Assets
Significant Accounting Policies and other Notes
For the 49th Fiscal Year (from April 1, 2021 to March 31, 2022)

These documents, -“Consolidated Statements of Changes in Net Assets”,“Basis of Preparing Consolidated Financial Statements and other Notes”,“Statements of Changes in Net Assets” and “Significant Accounting Policies
and other notes” - are provided on YUSHIN’s website(https://www.ype.co.jp) for shareholders, pursuant to the provision of laws
and regulations and articles of incorporation.

– 1 –Consolidated Statements of Changes in Net Assets(from April 1, 2021 to March 31, 2022)(Thousands of yen)
Shareholders’ equity

Balance as of April 1, 2021

Share capital

Capital surplus

1,985,666

2,024,597

Retainedearnings

Treasury shares

Total
shareholders’equity(1,355,222)

28,503,594

25,848,552

Changes in the current period
Dividends of surplus(748,780)(748,780)

Profit attributable to ownersof parent

2,112,238

2,112,238

Acquisition of treasury
shares

(224)

(224)

Changes in items other thanshareholders’ equity, net
Total changes in the current
periodBalance as of March 31, 2022--

1,363,457(224)

1,363,233

1,985,666

2,024,597

27,212,010(1,355,446)

29,866,827

Total accumulated other comprehensive income

Balance as of April 1, 2021

Valuationdifference on
availablefor-salesecurities

Foreigncurrencytranslation
adjustment

Remeasurements ofdefinedbenefit plans

103,840

290,333

64,753

Total
Nonaccumulated controlling
otherinterests
comprehensive
income458,927

236,879

Total net
assets29,199,402

Changes in the current period
Dividends of surplus(748,780)

Profit attributable to ownersof parent

2,112,238

Acquisition of treasury
sharesChanges in items other thanshareholders’ equity, net(224)(15,203)

506,435(22,792)

468,439

16,636

485,076

Total changes in the current
period(15,203)

506,435(22,792)

468,439

16,636

1,848,310

Balance as of March 31, 2022

88,637796,769

41,960927,367

253,516

31,047,712– 2 –1. Basis of Preparing Consolidated Financial Statements(1) Scope of consolidation
All 13 subsidiaries of the Company, provided below, fall within the scope of consolidation.
List of 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 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:
13 - 40 years
Structures:
7 - 20 years
Machinery and equipment:
5 - 12 years
Tools, furniture and fixtures:
2 - 10 yearsii) Intangible assets (excluding leased assets): Straight-line method- 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 –[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
take-out robots and custom-ordered equipment, installation work is included in most contracts andorders, the revenue is recognized when the installation work is completed at the client plant and thecustomer completes acceptance because the performance obligation is determined to be satisfied as
the customer 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 thecustomer plant and the customer completes the acceptance because the performance obligation isdetermined to be satisfied.
[5] 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
year-end 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 amortization from the next fiscal year of therecognition thereof onward in an amount pro-rated by the straight-line method based on the
average remaining employee service period (10 to 16 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.

– 4 –2. Notes to Accounting Policy Changes(1) Application of accounting standards, etc., related to revenue recognition
YUSHIN Group has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No.
29; March 31, 2020; hereinafter, “Accounting Standard for Revenue Recognition”) from the beginningof this consolidated fiscal year ended March 31, 2022 under review. In accordance with the AccountingStandard for Revenue Recognition, when control of a promised good or service is transferred to thecustomer, revenue will be recognized at the amount expected to be received in exchange for the good orservice.
When applying the Accounting Standard for Revenue Recognition, etc., we comply with thetransitional treatment stipulated in the provisions of Paragraph 84 of the Standard. The cumulative
impact of retroactively applying the new accounting policy prior to the beginning of this consolidated
fiscal year ended March 31, 2022 under review is added or subtracted to the retained earnings at the
beginning of this consolidated fiscal year ended March 31, 2022 under review and the new accounting
policy is applied from the beginning balance.
This has no effect on the current consolidated financial statements and on the balance of retained
earnings at the beginning of the period by applying Accounting Standard for Revenue Recognition.
(2) Application of accounting standards, etc., for calculation of fair value
YUSHIN Group has applied “Accounting Standard for Fair Value Measurement” (ASBJ Statement
No. 30, July 4, 2019; hereinafter, “Fair Value Accounting Standards”) and others from the beginning of
this consolidated fiscal year ended March 31, 2022. In accordance with the transitional treatment set
forth in Article 19 of Fair Value Accounting Standards and Article 44-2 of "Accounting Standard for
Financial Instruments" (ASBJ Statement No. 10, July 4, 2019), the Company has applied prospectively
a new accounting policy prescribed by Fair Value Accounting Standards and others. This has no effecton the current consolidated financial statements.
In addition, the notes to “(3) Breakdown of the fair value of financial instruments by level” are addedin “5. Notes to Financial Instruments.”
3. Notes to Consolidated Balance Sheet(1) Set forth below are the balance of receivables in Notes and accounts receivable - trade occurredfrom the contracts with customers.
Notes receivable - trade
Accounts receivable - trade

1,720,112 thousand yen
4,185,175 thousand yen(2) Accumulated depreciation of property, plant and equipment

7,276,480 thousand yen

4. Notes to Consolidated Statement of Changes in Net Assets(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

1,602,518

286-

1,602,804

Notes: The 286 increase in treasury shares is due to the purchase of shares of less than one unit.

– 5 –(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 11, 2021

Common stock

442,462

13

March 31, 2021

June 3, 2021

The Board of Directors’Meeting on November 5,
2021

Common stock

306,318

9September 30,
2021

December 1,
2021

Effective date[2] Dividends whose record date falls within this consolidated fiscal year but comes into effect in thenext consolidated fiscal year
Resolution

Class ofsharesTotal dividend(Thousandsof yen)Dividend
funds

Dividend
per share(Yen)

The Board of
Directors’ Meetingon May 11, 2022

Commonstock

340,352

Retainedearnings

10

Record date

Effective date

March 31,2022

June 3, 2022

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.

– 6 –(2) Fair value of financial instruments
The consolidated balance sheets, fair value, and their differences as of March 31, 2022 are shownas follows.
Carrying value
Fair value
Differences(thousands of yen) (thousands of yen) (thousands of yen)
(1) Investment securities
Other securities
263,848
263,848
Assets total
263,848
263,848
Note 1. Cash and deposits are omitted because they are cash, Deposits are settled within a short period of time, and thecarrying 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, andIncome taxes payable are omitted because they are settled within a short period of time and the carrying amountapproximates fair 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.

Level 1
Investment securities
Other securities
SharesAssets total

Fair value (thousands of yen)
Level 2
Level 3

263,848
263,848

-

Total

-

263,848
263,848

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.

– 7 –6. Notes to revenue recognition(1) Breakdown of the revenue arising from the contracts with customers.
(Thousands of yen)Japan
Products and services
Take-out robot
Custom-ordered equipment
Parts and maintenance service
Revenue generated from the contracts
with customers
Other revenue
Net sales to customers

Reportable segment
North
Asia
America

EuropeTotal

7,263,317
1,370,635
1,631,336

2,486,870
718,878815,710

4,317,144
127,288862,185

215,405
908,040
157,833

14,282,738
3,124,841
3,467,065

10,265,289
10,265,289

4,021,459
4,021,459

5,306,618
5,306,618

1,281,279
1,281,279

20,874,646
20,874,646(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.”
7. Per Share Information(1) Net assets per share:(2) Net income per share:

904.77 yen
62.06 yen

Note: Amounts less than one thousand yen are truncated.

– 8 –Statements of Changes in Net Assets(from April 1, 2021 to March 31, 2022)(Thousands of yen)
Shareholders’ equity
Capital surplus

Retained earnings
Other retained earnings

Share capital Legal capitalsurplus
Balance as ofApril 1, 2021
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

13,353,614

23,339,928(748,780)(748,780)

1,953,271

1,953,271

ProfitAcquisition oftreasury shares
Changes in items
other thanshareholders’equity, net
Total changes in thecurrent period
Balance as ofMarch 31, 2022

-

-

-

-

-

-

1,204,490

1,204,490

1,985,666

2,023,903

2,023,903

286,3141,000,000

8,700,000

14,558,104

24,544,419

Shareholders’ equity

Balance as of April 1, 2021

Valuation and translation adjustments

Treasury shares

Total
shareholders’equityValuationdifference on
available-for-salesecurities

Total valuation andtranslation
adjustments(1,355,222)

25,994,276

103,840

103,840

Total net assets

26,098,117

Changes in the current period
Dividends of surplus(748,780)(748,780)

Profit

1,953,271

1,953,271

(224)

(224)

Acquisition of treasury shares(224)

Changes in items other thanshareholders’ equity, net
Total changes in the current period
Balance as of March 31, 2022

(15,203)(15,203)(15,203)(224)

1,204,266(15,203)(15,203)

1,189,062(1,355,446)

27,198,542

88,637

88,63727,287,179– 9 –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:
13 - 38 years
Structures:
7 - 20 years
Machinery and equipment:
12 years
Tools, furniture and fixtures:
2 -10 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.

– 10 –

(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 16 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
take-out robots and custom-ordered equipment, installation work is included in most contracts andorders, the revenue is recognized when the installation work is completed at the client plant and thecustomer completes acceptance because the performance obligation is determined to be satisfied as
the customer 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 thecustomer plant and the customer completes the acceptance because the performance obligation isdetermined to be satisfied.
2. Notes to Accounting Policy Changes(1) Application of accounting standards, etc., related to revenue recognition
The Company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement
No. 29; March 31, 2020; hereinafter, “Accounting Standard for Revenue Recognition”) from the
beginning of this fiscal year ended March 31, 2022 under review. In accordance with the
Accounting Standard for Revenue Recognition, when control of a promised good or service istransferred to the customer, revenue will be recognized at the amount expected to be received in
exchange for the good or service.
When applying the Accounting Standard for Revenue Recognition, etc., we comply with thetransitional treatment stipulated in the provisions of Paragraph 84 of the Standard. The cumulative
impact of retroactively applying the new accounting policy prior to the beginning of this fiscal year
ended March 31, 2022 under review is added or subtracted to the retained earnings at the
beginning of this fiscal year ended March 31, 2022 under review and the new accounting policy isapplied from the beginning balance.
This has no effect on the current financial statements and on the balance of retained earnings at
the beginning of the period by applying Accounting Standard for Revenue Recognition.
(2) Application of accounting standards, etc., for calculation of fair value
The Company has applied “Accounting Standard for Fair Value Measurement” (ASBJ
Statement No. 30, July 4, 2019; hereinafter, “Fair Value Accounting Standards”) and others fromthe beginning of this fiscal year ended March 31, 2022. In accordance with the transitional
treatment set forth in Article 19 of Fair Value Accounting Standards and Article 44-2 of"Accounting Standard for Financial Instruments" (ASBJ Statement No. 10, July 4, 2019), theCompany has applied prospectively a new accounting policy prescribed by Fair Value AccountingStandards and others. This has no effect on the current financial statements.

– 11 –

3. 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:
4. 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:

6,102,844 thousand yen
1,901,478 thousand yen
157,678 thousand yen

4,823,672 thousand yen
237,404 thousand yen
189,951 thousand yen
638,553 thousand yen

5. Notes to Statement of Changes in Net Assets
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

1,602,518

286-

1,602,804

Notes: The 286 increase in the treasury share is due to the purchase of shares of less than one unit.

6. 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
Subtotal deferred tax assets
Valuation Allowance
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– 12 –(Thousands of yen)
70,683
338,038
105,061
89,36525,31591,833
720,297(28,789)
691,50762,24438,898101,143590,364

7. Transactions with Related Parties(1) Subsidiaries, etc.
Name

% of
voting rights
held

YUSHINAMERICA,
INC.

100%
directly heldby theCompany

YUSHINKOREA CO.,
LTD.

100%
directly heldby theCompany

YUSHINAUTOMATION
LTD.

95.6%
directly heldby theCompany

GUANGZHOUYUSHINPRECISION
EQUIPMENT
CO., LTD.

100%
directly heldby theCompany

Type

Subsidiary

Relationship
Concurrent
Business
Directors,
relationshipetc.
Sales andmaintenance &repair of theCompany
products.
Concurrent
Manufacturing,
Directors: 2
sales andmaintenance &repair ofcustom-ordered
equipment
Sales andmaintenance &repair of theCompany
products.
Concurrent
Manufacturing,
Directors: 2
sales andmaintenance &repair ofcustom-ordered
equipment

Type oftransacti
onsTransactio
n amount(thousandsof yen)Year-endbalance

Account(thousandsof yen)Sale ofproducts

1,951,239

Accounts
receivable- trade424,858

Sale ofproducts

784,606

Accounts
receivable- trade197,899

Concurrent
Directors: 2

Sales andmaintenance &repair of theCompany
products.

Sale ofproducts

431,999

Accounts
receivable- trade88,904

Concurrent
Directors: 3

Manufacture of
the Company
products

Sale ofproducts

443,908

Accounts
receivable- trade358,005

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

(2) Directors and major individual shareholders, etc.
Type

Name

% of
voting rights
held

Director andthe close
relatives

Mayumi
Kotani

3.1%
directly heldby Mayumi
Kotani

RelationshipType oftransactions

Honorary
Chairperson

Compensation
for honorary
chairperson(Note)

Transaction amount(thousands of yen)

27,000Year-endbalance

Account(thousandsof yen)-Transaction terms or method of determining transaction terms(Note) The compensation is paid for the activities in the industry, and its amount is determined throughthe consultation at the Board of Directors’ Meeting.

8. Notes to revenue recognition
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. Basisof Preparing Consolidated Financial Statements.”
9. Per Share Information(1) Net assets per share:(2) Net income per share:801.73 yen
57.39 yen

Note: Amounts less than one thousand yen are truncated.

– 13 –-