Summary of Consolidated Financial Results
for the Six Months Ended September 30, 2011(based on Japan standard)(April 1, 2011−September 30, 2011,Japan Standard)
November 7, 2011
Company Name: Yushin Precision Equipment Co., Ltd.
Securities Code No.: 6482
URL http://www.yushin.com
Listing Exchanges: Tokyo, Osaka stock exchanges, first section
Representative:
Mayumi Kotani, President
Contact:
Satoshi Kimura, Executive Managing Director
Phone:(81)-75-933-9168
Scheduled date of filing of quarterly report: November 14,2011
Starting date of dividend payment: December 5, 2011

Note: This document has been translated from the Japanese original as a guide to non-Japanese investors andcontains forward-looking statements that are based on managements’ estimates, assumptions andprojections at the time of publication.
A number of factors could cause actual results to differ materially from expectations. Amounts shownin this financial statement have been rounded down to the nearest million yen or thousand of yen.
（Figures shown are rounded down to the nearest million yen）

1. Consolidated Business Results for the Six Months Ended September 30, 2011
(April 1, 2011 – September 30, 2011)(1) Consolidated Results of Operations(Percentage figures represent changes over the same period of the previous year)
Net sales
Operating income
Ordinary income¥ millions%¥ millions%¥ millions%

Six months ended September 30, 2011

7,427

28.5

720

86.3

724

92.7

Six months ended September 30, 2010

5,778

(24.8)

386(51.1)

376(55.1)(Note) Comprehensive income:Second quarter ended September 30, 2011-¥438 million(273.5%)
Second quarter ended September 30, 2010-¥117million(-%)

Net income¥ millions
Six months ended September 30, 2011
Six months ended September 30, 2010

Net income pershare/dilutedYen

Net income per share%

Yen

442

100.5

25.28–220(52.8)

12.61–(2) Consolidated Financial Position
Total assets

Net assets

Equity ratio¥ millions¥ millions%

As of September 30, 201122,22418,706

84.0

As of March 31, 2011

21,583

18,495

85.5(Reference) Shareholders’ Equity: 18,661million yen as of September 30, 2011, 18,459 million yen as of March 31, 20111

2. Dividends
Dividends per share
Record date

1Q2Q

YenYenYear ended March 31, 2011-5.00

Year ending March 31, 2012

-

10.00

3Q

4Q

Yen

Yen-Year ending March 31, 2012-(Forecast)

Total

Yen
13.00

18.00

10.00

20.00

(Note) Revisions to projected dividends during the six months ended September 30, 2011: None

3. Consolidated Forecast for the Year Ending March 31, 2012(April 1, 2011‐March 31, 2012)
Net sales¥ millions

Operating income%¥ millions%

Ordinary income¥ millions%

Net income¥ millions

15,500
23.3
1,550
41.3
1,705
61.6
992
Annual(Note) Revisions to projected results during the six months ended September 30, 2011: None%
36.1

Net income
per shareYen56.72

4. Others(1) Changes in the state of material subsidiaries during the period(Changes regarding specific companies
accompanying changes in the scope of consolidation): None
Newly added: −Excluded:−(2) Adoption of the special accounting methods: Yes(Note) Please refer to “2. Matters regarding summary information(others)” on page 2 of the attached documents
for further information(3) Changes in accounting principles, accounting estimates and retrospective restatement for consolidated
financial statements.
①Changes resulting from amendment of the accounting standards: None
②Changes other than ①:None③Changes in accounting estimates:
None④Retrospective restatement:
None(4) Number of shares outstanding(Common stock)①Number of shares outstanding (including treasury stock)
2nd quarter ended September 30,2011 17,819,033
Year ended March 31,2011
17,819,033②Number of treasury stock
2nd quarter ended September 30,2011
328,653
Year ended March 31,2011
328,497③Average number of shares outstanding
2nd quarter ended September 30,2011 17,490,469
2nd quarter ended September 30,2010 17,490,917* Information regarding the implementation of quarterly review procedures
The current quarterly financial statements are exempted from quarterly review procedures based on theFinancial Instruments and Exchange Act. At the time of disclosure, we have not completed the review process
for these consolidated statements.
* Cautionary statement with respect to forward-looking statements
The forecasts above are based on the information currently available. A number of factors could cause actual
results to differ materially from expectations.

2Contents of Attachments
1. Qualitative Information on Quarterly Consolidated Financial Performance・・・・・・・・・・・・・・・（1）Qualitative Information on Quarterly Consolidated Financial Performance ・・・・・・・・・・・・・（2）Qualitative Information Regarding Consolidated Financial Position ・・・・・・・・・・・・・・・・（3）Qualitative Information Regarding Prospects for Consolidated Financial Results ・・・・・・・・・・
2. Matters regarding summary information (others) ・・・・・・・・・・・・・・・・・・・・・・・・（1）Changes in Significant Subsidiaries ・・・・・・・・・・・・・・・・・・・・・・・・・・・・（2）Adoption of t Special Accounting Methods ・・・・・・・・・・・・・・・・・・・・・・・・・（3）Changes in Accounting Principles, Procedures and Presentation Methods, etc.・・・・・・・・・・・・
3. Consolidated Financial Statements ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・（1）Consolidated Balance Sheets ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・（2）Consolidated Statements of Income・・・・・・・・・・・・・・・・・・・・・・・・・・・・・（3）Notes regarding assumption of continuing operations・・・・・・・・・・・・・・・・・・・・・・（4）Segment information ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・（5）Notes in the event of significant changes in shareholders' equity ・・・・・・・・・・・・・・・・・
4. Supplementary Information ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・（1）Order Receiving and Sales ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・（2）Overseas Sales ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・

122
2
2
2
2
2
2
33
5777888

1.Qualitative Information on Quarterly Consolidated Financial Performance(1) Qualitative Information on Quarterly Consolidated Financial Performance
During the six months ended September 30, 2011, uncertainty about the outlook for the global economy grew due toconcerns over the debt issues in Europe and a slowdown of the U.S. economy, and there is a concern that steady Asian
economy will decline. In Japan appreciation of yen, unrest for electricity supply and the sharp rise in raw materials
prices seem to be any sign of coming to a settlement, and situation is still opaque/As for plastics molding industries related to Yushin, capital investment was on the upward trend by the ripple effect of
the recovery of car industry to the concerned industry.
Under these circumstances, Yushin Group sales of take-out robots increased by 8.3% over the same period of theprevious year and sales of custom-ordered equipments ordered in the previous term increased by 184.7% over thesame period of the previous year. As for the current sales orders, in take-out robots it is equivalent to the previous term
but in custom-ordered equipment it is going well. As a result, consolidated net sales increased by 28.5% over the same
period of the previous year to ¥7,427 million. Operating income increased by 86.3% over the same period of theprevious year to ¥720 million, ordinary income increased by 92.7% to ¥724 million and net income increased by
100.5% to ¥442 million.
(2) Qualitative Information Regarding Consolidated Financial Position(Total assets)
Total assets increased by ¥640 million from the end of the previous fiscal year to ¥22,224 million.
This was mainly due to the increase of ¥1,218 million in trade notes and accounts receivable according to gains ofsales and the increase of ¥1,108 million in land
(Total liabilities)
Total liabilities increased by ¥429 million from the end of the previous fiscal year to ¥3,517 million.
This was mainly due to the increase of ¥210 million in trade notes payable and accounts payable.
(Total net assets)
Total net assets increased by ¥211 million from the end of the previous fiscal year to ¥18,706 million.
This was mainly due to the net income for this six month by ¥442 million.
(3) Qualitative Information Regarding Prospects for Consolidated Financial Results
No revision has made for the prospects for the fiscal year ending March 31, 2012 which were announced on May 11,
2011.

2. Matters regarding summary information (others)(1) Changes in Significant Subsidiaries
None.
(2) Adoption of t Special Accounting Methods
Tax expenses on income before income taxes and minority interests for the six months under review are calculated bymultiplying income before income taxes and minority interests for the six months under review by the reasonably
estimated effective tax rate for the fiscal year after applying tax effect accounting. Should the estimated effective tax
rate be unavailable, however, tax expenses are calculated using the statutory tax rate for income before income taxes
and minority interests for the six months under review.
Income taxes-differed is included in Corporate income tax and other taxes.
(3) Changes in Accounting Principles, Procedures and Presentation Methods, etc.
None2

3. Consolidated Financial Statements(1) Consolidated Balance Sheets(¥ thousands; rounded down)
TermAccount

Second quarter of 2011
(As of September 30, 2011)

Previous year
(As of March 31, 2011)

ChangeAmountAmountAmount(ASSETS)I

Current assets

17,321,080

17,649,250(328,170)

Cash and time deposits

7,647,391

9,653,652(2,006,260)

Trade notes and accounts
receivable

5,507,582

4,288,949

1,218,632

Securities

300,000

300,000−

Merchandise and products

775,174

630,010145,163

Work-in-process

750,810

630,728

120,082

1,777,246

1,483,591

293,655

Deferred tax assets

350,332

339,504

10,827

Others

231,811

340,574(108,762)

Allowance for doubtfulreceivables(19,269)(17,760)(1,508)Fixed assets

4,903,216

3,934,383

968,832

Property, plant and equipment

4,344,496

3,328,129

1,016,367

Buildings and structures

1,013,009

1,046,615(33,605)Land

3,153,068

2,044,977

1,108,090

Others

178,418

236,536(58,117)

Intangible assets

87,07791,450(4,372)

Investment securities

210,813250,994(40,180)

Deferred tax assets

21,06819,525

1,543

Others278,305

282,446(4,140)Allowance for bad debt

(38,546)(38,162)(383)

22,224,296

21,583,634

640,662

Raw material and supplies

IITotal3(¥ thousands; rounded down)Term
Account

Second quarter of 2011
(As of September 30, 2011)

Previous year
(As of March 31, 2011)Change

AmountAmountAmount(LIABILITIES)I

Current liabilities

3,390,396

2,965,436

424,959

2,128,968

1,918,405

210,562

Accounts payables – other408,741

371,087

37,653

Income tax payable236,395

154,462

81,932

Accrued employees’ bonuses

186,000

179,000

7,000

Accrued bonuses to directors
and corporate auditors

10,20013,680(3,480)Warranty reserve

116,408

104,517

11,890

Others

303,682

224,282

79,399II Long-term liabilities

126,971

122,393

4,578

Liabilities for retirement
benefits to directors andcorporate auditors66,780

66,780−

Others60,191

55,613

4,578

3,517,368

3,087,830

429,537

Shareholders’ equity

19,126,445

18,911,854

214,590

Common stock

1,985,666

1,985,666−

Capital surplus

2,023,903

2,023,903−

Retained earnings

15,464,337

15,249,493

214,844

Treasury stock – at cost

(347,462)(347,208)(253)

II Valuation and translation
adjustments(464,915)(451,949)(12,966)

26,66351,056(24,392)(491,579)(503,005)

11,42545,39835,8989,500

Total net assets

18,706,928

18,495,803

211,124

Total

22,224,296

21,583,634

640,662

Trade notes andaccounts payables

Total liabilities(NET ASSETS)
I

Unrealized gain on available
for sale securities
Foreign currencytranslation adjustments
III Minority interests4(2) Consolidated Statements of Income(¥ thousands; rounded down)
TermAccountSix months ended
September 30, 2011
(April 1, 2011 toSeptember 30, 2011)

Six months ended
September 30, 2010
(April 1, 2010 toSeptember 30, 2010）

ChangeAmountAmountAmountI

Net sales

7,427,762

5,778,346

1,649,415

II

Cost of sales

4,700,808

3,564,698

1,136,160

2,726,953

2,213,648

513,304

2,006,302

1,826,868

179,433

Operating income

720,650

386,779

333,870

IV Non-operating income

34,253

44,915(10,662)Interest income

12,163

20,435(8,271)Dividend income

2,442

2,113

328

Purchase discount

5,546

4,069

1,476

Others

14,101

18,297(4,195)Non-operating expenses

29,92755,417(25,490)

Foreign exchange loss

26,85653,659(26,802)

Others

3,070

1,758

1,312

Ordinary income

724,976376,278

348,698

VI Extraordinary income

1,008

746

262

Gain on sales of fixed assets
Gain on sales of investment
securities

1,008

−

1,008

−

746

(746)

VII Extraordinary losses
Loss on disposals and sales ofproperty
Loss on revaluation ofinvestments in securities
Income before income taxes
and minority interests
Income taxes
Income before minority
interests
Minority interests in net
incomeNet income

903

250

652

315

250

64588

−

588

725,081376,773

348,308272,221

153,678

118,543452,859

223,095

229,764

10,638

2,518

8,119

442,221220,576

221,644

Gross profit
III Selling, general andadministrative expenses

V5Consolidated Statements of Comprehensive Income(¥ thousands; rounded down)

Income before minority interests
Other comprehensive income
Valuation difference on
available-for-sale securities
Foreign currency translation
adjustment
Other comprehensive income Total
Comprehensive income
Comprehensive income attributableto:Shareholders of the Parent
Company
Minority interest

First quarter ended June 30,2011

First quarter ended June 30,2010（April 1, 2011 to
September 30, 2011)（April 1, 2010 to
September 30, 2010)

Change452,859

223,095

229,764(24,392)(36,552)

12,15910,287(69,067)

79,354(14,105)(105,619)

91,514

438,754

117,475

321,279

429,254

115,599

313,655

9,500

1,876

7,624

6

(3) Notes regarding assumption of continuing operations: None
(4) Segment information
ⅠSecond quarter of the previous fiscal year

(April 1 to September 30, 2010)(¥ thousands; rounded down)

1. Information related to sales and profit or loss for each reportable segment
Reportable segment
JapanNorth
America

AsiaEurope

Total

Adjustment*1

Amounts shown onquarterly consolidated
statements of income
*2

Sales
(1) Sales to customers

4,278,438712,149

719,574

68,184

5,778,346−

5,778,346(2) Inter-segment sales

1,375,230

1,101

145,968

3,850

1,526,150(1,526,150)

−

Total

5,653,669

713,250

865,543

72,034

7,304,497(1,526,150)

5,778,346

308,676

43,51285,429(13,580)

424,038(37,258)

386,779

Segment profit (loss)

Notes:*1 The ¥(37,258) thousand adjustment to segment profit or loss includes eliminations for inter-segment
transactions of ¥12,074 thousand and inventory adjustments of ¥(49,333) thousand.
*2 Segment profit or loss is adjusted to be consistent with operating income shown on the quarterly consolidated
statements of income.

ⅡSecond quarter of the current fiscal year

(April 1 to September 30, 2011)(Units: ¥ thousands; rounded down)

1. Information related to sales and profit or loss for each reportable segment
Reportable segment
JapanNorth
America

TotalAsiaEurope

Adjustment*1

Amounts shown onquarterly consolidated
statements of income
*2

Sales
(1) Sales to customers

5,159,190

907,452

1,250,616

110,5027,427,762−

7,427,762(2) Inter-segment sales

1,684,170

10,124

103,942

5,002

1,803,240(1,803,240)

−

Total

6,834,361

917,576

1,354,559

115,505

9,231,002(1,803,240)

7,427,762

515,090

107,614126,097(3,133)745,668(25,017)

720,650

Segment profit (loss)

Notes:*1 The ¥(25,017) thousand adjustment to segment profit or loss includes eliminations for inter-segment
transactions of ¥3,839 thousand and inventory adjustments of ¥(28,856) thousand.
*2 Segment profit or loss is adjusted to be consistent with operating income shown on the quarterly consolidated
statements of income.

(5) Notes in the event of significant changes in shareholders’ equity: None7

4.Supplementary Information(1) Order receiving and Sales
a. Order1) Order received(¥ thousands; rounded down)
Products

Six months ended

Six months ended

Changes

September 30, 2010

September 30, 2011

Ratio (%)

Take-out robots

4,948,946

4,655,149

94.1

Custom-ordered equipments

641,186

1,300,811

202.9

Parts and maintenance services

861,276

985,110114.4

6,451,409

6,941,071

107.6

Total

2) Backlog of orders(¥ thousands; rounded down)
Products

Six months ended

Six months ended

ChangesSeptember 30, 2010

September 30, 2011

Ratio (%)

Take-out robots

1,761,380

1,683,190

95.6

Custom-ordered equipments

324,857

515,702

158.7

Parts and maintenance services

112,128

129,694115.7

2,198,366

2,328,588

105.9

Total

b. Net sales(¥ thousands; rounded down)
Products

Six months ended

Six months ended

Changes

September 30, 2010

September 30, 2011

Ratio (%)

Take-out robots

4,150,023

4,494,990

108.3

Custom-ordered equipments

657,358

1,871,368

284.7

Parts and maintenance services

970,964

1,061,403

109.3

5,778,346

7,427,762

128.5

Total

(2) Overseas sales(¥ thousands; rounded down)

Six months ended September 30, 2010 (April 1, 2010 to September 30, 2010)
North America
I

Overseas sales

IIConsolidated sales

III

Ratio of overseas sales on
consolidated sales (%)

Asia

EuropeOther areas

789,6612,390,131

180,30974,9483,435,051––––

5,778,346

13.7

41.4

3.1

1.3

59.4

(¥ thousands; rounded down)

Six months ended September 30, 2011 (April 1, 2011 to September 30, 2011)
North America
I

Overseas sales

IIConsolidated salesIII

Ratio of overseas sales on
consolidated sales (%)

Total

AsiaEurope

Other areas

Total

1,483,220

2,828,982

523,191

83,095

4,918,490−−−−

7,427,762

20.0

38.1

7.0

1.1

66.2

8