<Translation>

May 9, 2013

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2013
<under Japanese GAAP>
Company Name:
Listing:
Securities code:
URL:
Representative:
Inquiries:

Yushin Precision Equipment Co., Ltd.
First Section of the Tokyo Stock Exchange6482
http://www.yushin.com
Mayumi Kotani, President and Representative Director
Satoshi Kimura, Executive Managing Director
Tel: +81-75-933-9168 (from overseas)
Scheduled date of annual general shareholders’ meeting:June 26, 2013
Scheduled date to commence dividend payments:
June 12, 2013
Scheduled date to submit annual securities report:
June 28, 2013
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 FY2013 (from April 1, 2012 to March 31, 2013)(1) Consolidated operating results
Net sales
FY2013
FY2012(Percentages indicate year-on-year changes)
Ordinary income
Net income

Operating income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

14,721
14,240

3.4
13.3

1,498
1,272

17.7
15.9

1,746
1,265

38.0
20.0

1,114
778

43.2
6.6

Note: Comprehensive income

Net income
per share
FY2013
FY2012FY2013: 1,472 million yen [111.6%]

FY2012: 695 million yen [24.4%]

Diluted net
Return on equity
income per share

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

Yen

Yen

%

%

%

63.74
44.50

-

5.8
4.2

7.5
5.7

10.2
8.9

Reference: Equity in earnings (losses) of affiliates

FY2013: - million yen

FY2012: - million yen(2) Consolidated financial position
Total assets

Net assets

Net assets
per share

Equity ratio

Millions of yen

Millions of yen%

Yen

23,744
22,641

19,86518,787

83.4
82.8

1,131.63
1,072.24

As of March 31, 2013
As of March 31, 2012

Reference: Equity capital (Net assets less minority interests)
As of March 31, 2013: 19,791 million yen

As of March 31, 2012: 18,753 million yen

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

520
584

(781)
(1,920)

(351)
(409)

7,564
8,013

FY2013
FY2012

Cash and cash
equivalents
at end of period

2. Cash Dividends
Annual dividends per share
1Q

FY2012FY2013
FY2014(Forecast)

2Q

3Q

4Q

Total cash
dividends(annual)

Total

Dividend
payout ratio(consolidated)

Ratio ofdividends to
net assets(consolidated)

Yen

Yen

Yen

Yen

Yen

Millions of yen

%

%

-

10.00
10.00

-

10.00
20.00

20.00
30.00

349
524

44.9
47.1

1.9
2.7

-

10.00

-

10.00

20.00

26.7

Note: The dividend of 20.00 yen per share for the fourth quarter–end of the fiscal year ended March 31, 2013 is thesum of an ordinary dividend of 10.00 yen per share and a 40th anniversary commemorative dividend of 10.00 yen
per share.

3. Consolidated Earnings Forecasts for the FY2014(from April 1, 2013 to March 31, 2014)(Percentages indicate year-on-year changes)
Net income
Ordinary income
Net income
per share

OperatingincomeNet sales
Millionsof yen%Millionsof yen%Millionsof yen%Millionsof yen%YenFirst six months
ending September
30, 2013

7,600

3.4

760

2.2

810

0.4

490

1.6

28.02

FY2014

16,400

11.4

1,800

20.1

2,130

22.0

1,310

17.5

74.90

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying
changes in scope of consolidation): None
Newly added: Excluded: (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, 2013: 17,819,033 shares
As of March 31, 2012: 17,819,033 shares
2) Number of shares of treasury stock at the end of the period
As of March 31, 2013:
329,376 shares
As of March 31, 2012:
328,960 shares
3) Average number of outstanding shares during the period
FY2013:
17,489,873 shares
FY2012:
17,490,332 shares

Yushin Precision Equipment Co., Ltd. (6482)(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the FY2013 (April 1, 2012 - March 31, 2013)(1) Non-consolidated operating results
Net sales
FY2013
FY2012(Percentages indicate year-on-year changes)
Ordinary income
Net income

Operating income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

12,393
13,104

(5.4)
12.0

927
954

(2.9)
24.0

1,288
1,107

16.4
24.5

941
699

34.6
14.9

Net income per share

Diluted Net income
per share

Yen

Yen

53.86
40.02

-

FY2013
FY2012(2) Non-consolidated financial position
Total assets

Total net assets

Net assets
per share

Equity ratio

Millions of yen

Millions of yen%

Yen

22,69921,96819,052
18,45083.9
84.0

1,089.37
1,054.92

As of March 31, 2013
As of March 31, 2012
Reference: Equity capital (Net assets)

As of March 31, 2013: 19,052 million yen

As of March 31, 2012: 18,450 million yen

2. Non-consolidated Earnings Forecasts for the FY2014(from April 1, 2013 to March 31, 2014)
Net sales

FY2014(Percentages indicate year-on-year changes)
Net income
Ordinary income
Net income
per share

OperatingincomeMillionsof yen%Millionsof yen%Millionsof yen%Millionsof yen%Yen

14,400

16.2

1,249

34.7

1,628

26.4

1,008

7.0

57.64

* Presentation of situation of audit proceduresThis financial information included in this summary is out of scope of audit procedure under the Financial
Instruments and Exchange Act. Audit procedure under the Financial Instruments and Exchange Act has notbeen completed at the date of submission of this summary.
* Cautionary statement with respect to forward-looking statements and other special remarks
The forecasts above are based on the information currently available. A number of factors could cause actual
results to differ materially from expectations.
For more information about these assumptions and notes regarding the use of earnings forecasts, please refer
to “1. Operating and Financial Review, (1) Analysis of Result of Operations” on page2 of the attacheddocuments.
* Disclaimer
This English version is not an official translation of the original Japanese document. In cases where any
differences occur between the English version and the original Japanese version, the Japanese version shallprevail. Yushin Precision Equipment Co., Ltd. shall accept no responsibility or liability for damages or loss
caused by any error, inaccuracy, misunderstanding or misspelling with regard to this translation. Thistranslation may be used only for reference purposes. Yushin Precision Equipment Co., Ltd. maintains theright to claim compensation from violators for any damage or loss it may suffer from the violation of these
conditions.

Yushin Precision Equipment Co., Ltd. (6482)[Attached Material]
INDEX
1. Operating and Financial Review ························································································ 2(1) Analysis of operating results ························································································· 2(2) Analysis of financial condition ······················································································ 3(3) Basic policy on allocation of profits ················································································ 3
2. Management Policies ····································································································· 3(1) Fundamental management policy ···················································································· 3(2) Managerial indicators for targets····················································································· 4(3) Medium and long-term management strategies ···································································· 4(4) Issues to be addressed ································································································· 4(5) Other significant management issue ················································································· 4
3. Consolidated Financial Statements ····················································································· 5(1) Consolidated balance sheets ························································································· 5(2) Consolidated statements of income and consolidated statements of comprehensive income ··············· 7
Consolidated statements of income ················································································· 7
Consolidated statements of comprehensive income ······························································ 8(3) Consolidated statements of changes in net assets ······························································· 9(4) Consolidated statements of cash flows ············································································11(5) Notes to consolidated financial statements········································································12Events or conditions raising significant questions regarding assumption of going concerns ··············12Segment information etc. ····························································································12
Per share indexes ······································································································14
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

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

1. Operating and Financial Review(1) Analysis of operating results1) Overview of business environment in fiscal year ended March 31, 2013 (“this fiscal year”)
In this fiscal year, although economy in North America and Asia started to show strength in the latter half ofthe period, the world economy was faltering through the period due to the debt and financial instability inEurope and the deceleration of growth in Chinese economy. In Japan, although the economy turned upward
toward the end of the period since the Japanese yen depreciated against other currencies and the stock prices
rose, the real economy through the year was under severe conditions due to the deteriorating Japan-China
relation and the electricity supply instability. As for industries related to Yushin, demand was strong in theautomotive industry but demand in the IT and Electronics device industry was weak.
Against this background, the Yushin Group increased sales of take-out robots, with customers recognizing
the speed, weight and energy efficiency advantages of the YC Series. These robots were designed using
Yushin’s structural optimization technology, which has won a technology award from the Japan Society of
Mechanical Engineers. Thus, consolidated net sales increased by 3.4% year on year to 14,721 million yen,although the sales in China and the sales of custom-ordered equipment were below the expectation.
Meanwhile, operating income increased by 17.7% year on year to 1,498 million yen, ordinary income turned
up by 38.0% to 1,746 million yen, and net income increased by 43.2% to 1,114 million yen.
Operating result by product category for this fiscal year compared to the previous fiscal year
<Take-out robot>
As the sales of YC series increased, net sales of take-out robot increased by 1,092 million yen (12.1%) fromthe previous FY to 10,141 million yen.
<Custom-ordered equipments>
Net sales of custom-ordered equipments was decreased by 941 million yen (30.5%) from the previous FY
to 2,144 million yen due to slow sales in the semiconductor-related equipments.
<Parts and maintenance service>
Net sales of parts and maintenance service increased by 330 million yen (15.7%) from the previous FY to2,436 million yen.
Operating result by segment category for this fiscal year compared to the previous fiscal year
<Japan>Net sales decreased by 5.4% to 12,393 million yen and operating income decreased by 2.9% from theprevious FY to 927 million yen because sales of custom ordered equipments was decreased.
<North America>
As for the subsidiary in the United States, net sales increased by 21.2% from the previous FY to 2,199
million yen and operating income increased by 40.0% to 249 million yen.
<Asia>Net sales increased by 27.5% from the previous FY to 3,460 million yen and operating income increased by
85.5% to 285 million yen due to the good performance of the subsidiaries in Korea and Thailand.
<Europe>Net sales increased by 141.8% from the previous FY to 580 million yen and operating income also
increased by 307.0% from the previous FY to 55 million yen.
2) Business forecasts for the FY2014
As for the business environment surrounding the Yushin Group, although the economic recovery is
expected, only a small increase in the capital investment is anticipated within Japan since manufacturing
shifted to overseas due to the prolonged appreciation of the yen. However, overseas capital investment is
expected to be strong particularly in North America and South East Asia.
Under these circumstances, Yushin will improve the product lineup by enhancing product development
utilizing design optimization and quickly bringing the products and service responding to customers’ needs.
Yushin will also attract new customer for the take-out robots while promoting receiving orders forcustom-ordered equipment from the area such as medical and semiconductor-related. Furthermore, Yushin
will increase earnings by increasing overseas sales and promote cost-cutting including overseas procurement.
Yushin forecasts its business performance for the FY2014, based on the current information available, as
follows.
(Millions yen)
Net sales
Operating income Ordinary income
Net income
Consolidated

16,400(Y/Y 11.4 %)1,800(Y/Y 20.1 %)

2

2,130
(Y/Y 22.0 %)1,310(Y/Y 17.5 %)Yushin Precision Equipment Co., Ltd. (6482)(2) Analysis of financial condition
Overview of assets, liabilities and net assets
Total assets increased by 1,102 million yen from the end of the previous fiscal year to 23,744 million yen
due to the increase of 959 million yen in buildings and structures by the construction of the Technical center,
285 million yen in work-in-process, and 179 million yen in merchandise and finished goods. Cash anddeposits decreased by 401 million yen.
Total liabilities increased by 24 million yen from the end of the previous fiscal year to 3,878 million yen.
Net assets increased by 1,078 million yen from the end of the previous fiscal year to 19,865 million yen due
to the rise of retained earnings by 765 million yen and foreign currency translation adjustments by 263 million
yen.
Overview of cash flow
The balance of cash and cash equivalents on March 31, 2013 decreased by 448 million yen from the end of
the previous fiscal year to 7,564 million yen. Main reason is as follows.
<Cash flow from operating activities>
Income before income taxes and minority interests adjustment was 1,779 million yen, but due to the decreaseof 818 million yen in notes and accounts payable, the increase of 258 million yen in inventories and income
taxes paid of 648 million yen, cash flow from operating activities for the fiscal year ended March 31, 2013 was
a net inflow of 520 million yen (it was a net inflow of 584 million yen in the previous fiscal year).
<Cash flow from investment activities>
Due to the purchases of property (777 million yen), cash flow from investment activities for the fiscal year
ended March 31, 2013 was a net outflow of 781 million yen (it was a net outflow of 1,920 million yen in theprevious fiscal year).
<Cash flow from financing activities>
Due to the dividends paid of 350 million yen, cash flow from financing activities was a net outflow of 351
million yen (it was a net outflow of 409 million yen in the previous fiscal year).
Reference: Trend of cash flow indexes
FY200981.2%

FY201087.8%

FY201185.5%

FY201282.8%

FY201383.4%

Equity ratio
Equity ratio based
91.1%
119.6%
123.0%
127.7%
131.6%
on market price*Notes: 1. Equity ratio: Shareholders’ equity / Total assets
Equity ratio based on market price: Total amount of shares at market price / Total assets
2. Amortization term and interest coverage ratio is not shown since the balance in interestbearing debt and interest payment is insignificant.
3. Each of the above indices is calculated by the consolidated financial results.
4. Total amount of shares at market price refers to the closing market price of shares multipliedby the number of shares outstanding excluding treasury stock on this date.

(3) Basic policy on allocation of profits
Yushin regards the allocation of profits to shareholders as one of the most important management tasks. To
this end, Yushin make efforts to maintain stable operating results and improve return on equity. Yushin’s
basic policy is to actively distribute profits to shareholders after taking into consideration each fiscal year’s
results.
For the year under review, a full-year dividend is planned to be 30 yen per share, comprising an interim
dividend of 10 yen per share, a year-end dividend of 10 yen per share and a 40th year commemorate dividend(at the year-end) of 10 yen per share.
For the next year, based on the outlook of business and target payout ratio of 30%, Yushin plans to pay afull-year dividend of 20 yen per share, comprising an interim dividend of 10 yen per share and a year-end
dividend of 10 yen per share.

2. Management Policies(1) Fundamental management policy
Yushin’s fundamental policy is to contribute widely to society through the creation of innovativetechnology that enables customers to rationalize their production activities in plastic molding industry. Yushin
conducts its business so as to live up to the trust and expectations of its customers, shareholders, business
partners and all other stakeholders.
3

Yushin Precision Equipment Co., Ltd. (6482)(2) Managerial indicators for targets
Yushin has set the targets of net sales of 16,400 million yen and ordinary income of 2,130 million yen for
the FY2014.
(3) Medium and long-term management strategies
Yushin aims at becoming number one across the board in the “take-out robot” industry, by speedilydeveloping products differentiated by their quality and superiority that meet our customer needs, and by
conducting business even more aggressively in the global market.
This will be achieved by the following product strategies:
1) Yushin developed high-speed take-out robot “HSA” and “TSXA” utilizing optimum design
technology in 2010. This technology has been applied hereafter to general purpose take-out robot. It is
the technology which can largely contribute to power-saving by reducing weight and power
consumption. For this reason, take-out robot “YC” won “the Japan Machinery Federation’s Energy
Efficient Machine Award”. Yushin will offer this definitely-differentiated product by appealing theperformance superiority such as high-speed, light weight and power-saving.
2) Develop businesses in the semiconductor-related and medical-related area as new domains thathave technological synergies.
Market strategies are as follows:
1) Yushin has developed a sales and service network for take-out robots in Japan, the U.S, Asia, andEurope. Expand and strengthen the network in areas where business is expected to grow, includingSouth East Asia, Mexico and Turkey, to develop a global business that can adequately respond toworldwide customer purchases.
2) Maximally utilize the production capacity of Technical center to respond to the sales increase in
semiconductor-related and medical-related area.
3) Start businesses in new domains so as to generate sales-related synergies.
(4) Issues to be addressed
In the existing business area, Yushin must reinforce its products including price competitiveness, andstrengthen its power of global marketing. In the new business area, aiming to establish multiple corebusinesses, Yushin must develop new products that can manifest technological and/or sales synergies.
(5) Other significant management issue
There is no other significant management issue.

4

Yushin Precision Equipment Co., Ltd. (6482)

3. Consolidated Financial Statements(1) Consolidated balance sheets
As of March 31, 2012
Amount%(Thousands of yen)
As of March 31, 2013
ChangeAmount%Amount<ASSETS>
Current assets
Cash and deposits

7,747,068

7,345,829(401,239)

Notes and accounts receivable trade

4,670,510

4,601,853(68,657)

Short-term investment securities

300,000

300,000-

Merchandise and finished goods

898,193

1,077,587

179,394

Work in process

856,105

1,142,033

285,928

1,861,430

1,808,738(52,691)

Deferred tax assets

365,173

392,745

27,571

Other

283,833

370,154

86,321

Allowance for doubtful accounts(18,123)(16,073)

2,049

Raw materials and supplies

Total current assets

16,964,191

74.9

17,022,868

71.7

58,676

Noncurrent assets
Property, plant and equipment
Buildings and structures

994,896

1,954,861

959,965

Machinery, equipment and vehicles

37,66468,50230,837Land

3,935,369

3,953,407

18,037

Other

137,264

159,649

22,384

Total property, plant and equipment
Intangible assets

5,105,195

22.5

6,136,420

25.9

1,031,225

81,1470.4

100,0070.4

18,860Investments and other assets
Investment securities

241,443

246,287

4,843

Other

288,285

239,568(48,717)

Allowance for doubtful accounts(38,589)(686)

37,903

Total investments and other assets

491,1392.2

485,169

2.0(5,970)Total noncurrent assets

5,677,481

25.1

6,721,597

28.3

1,044,115

Total assets

22,641,673

100.0

23,744,465

100.0

1,102,792

5

Yushin Precision Equipment Co., Ltd. (6482)

As of March 31, 2012
Amount%(Thousands of yen)
As of March 31, 2013
ChangeAmount%Amount<LIABILITIES>Current liabilities
Notes and accounts payable - trade2,314,053

1,719,798(594,254)

Accounts payable - other449,335

487,228

37,892

Income taxes payable

300,968

280,914(20,053)

Advances received

209,459

264,646

55,187

Provision for bonuses

180,000

192,000

12,000

Provision for directors’ bonuses

16,95019,7202,770

Provision for product warranties

104,897

127,013

22,116

Accounts payable - facilities

19,089419,833

400,744

Deferred tax liabilities

3,465

4,363

897

130,079

184,586

54,507

Other
Total current liabilities

3,728,298

16.5

3,700,105

15.6(28,192)

Noncurrent liabilities
Provision for directors’ retirement
benefits

66,78066,780-Other59,250111,957

52,707

Total noncurrent liabilities

126,0300.5

178,7370.7

52,7073,854,328

17.0

3,878,843

16.3

24,514

Total liabilities<NET ASSETS>
Shareholders' equity
Capital stock

1,985,666

1,985,666-

Capital surplus

2,023,903

2,023,903-

Retained earnings

15,625,496

16,390,498

765,001

Treasury stock(347,903)(348,598)(694)

Total shareholders’ equity
Accumulated other comprehensive
incomeValuation difference on
available-for-sale securities
Foreign currency translation
adjustment
Total accumulated
other comprehensive income

19,287,162

85.2

20,051,469

84.5

764,30747,57658,23910,662(581,173)(317,906)

263,266(533,596)(2.4)(259,667)(1.1)

273,929

33,7780.2

73,8190.3

40,041

Total net assets

18,787,344

83.0

19,865,622

83.7

1,078,277

Total liabilities and net assets

22,641,673

100.0

23,744,465

100.0

1,102,792

Minority interests

6

Yushin Precision Equipment Co., Ltd. (6482)(2) Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income%

FY2013
Amount(Thousands of yen)
Change%Amount14,240,008

100.0

14,721,643

100.0

481,634

Cost of sales

8,810,071

61.9

8,950,836

60.8

140,765

Gross profit

5,429,937

38.1

5,770,806

39.2

340,869

Selling, general and administrative
expenses

4,157,042

29.2

4,272,083

29.0

115,041

Operating income

1,272,895

8.9

1,498,722

10.2

225,827

FY2012
AmountNet sales

Non-operating income
Interest and dividends income

31,55623,429(8,127)-

195,020

195,020

Other

37,30034,000(3,299)Total non-operating income

68,856

Foreign exchange gains

0.5

252,449

1.7

183,592

Non-operating expenses
Sales discounts

453

799

345

Foreign exchange losses

71,910-(71,910)

Other

3,647

3,799

151

Total non-operating expenses

76,011

0.5

4,598

0.0

(71,413)1,265,740

8.9

1,746,573

11.9

480,833

Ordinary income
Extraordinary income
Gain on sales of noncurrent assets

1,662

821

(841)

Gain on sales of investment
securities

627

34,745

34,117

Total extraordinary income

2,290

Extraordinary loss
Loss on retirement of noncurrent
assetsLoss on valuation of investment insecurities
Total extraordinary losses

0.0

35,5660.2

33,276

2,350

2,460

109

588

-

(588)

2,938

0.0

2,460

0.0

(478)

1,265,092

8.9

1,779,679

12.1

514,587

Income taxes - current

504,4813.5

571,920

3.9

67,438

Income taxes - deferred(20,135)(0.1)

21,5740.1

41,709

Income before minority interests

780,7465.5

1,186,185

8.1

405,439

2,462

0.0

71,384

0.5

68,921

778,283

5.5

1,114,801

7.6

336,517

Income before income taxes andminority interests

Minority interests in income
Net income

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

Consolidated statements of comprehensive income
FY2012
Income before minority interests

FY2013(Thousands of yen)
Change780,746

1,186,185

405,439(3,479)10,662

14,142(81,583)

275,465

357,048

Total other comprehensive income(85,062)

286,128

371,190

Comprehensive income

695,683

1,472,313

776,630

696,636

1,388,730

692,094(952)

83,58384,535

Other comprehensive income
Valuation difference on
available-for-sale securities
Foreign currency translation
adjustments

Comprehensive income attributable toowners of the parent
Comprehensive income attributable tominority interests

8

Yushin Precision Equipment Co., Ltd. (6482)(3) Consolidated statements of changes in net assets(Thousands of yen)
FY2013

FY2012
Shareholder’s equity
Capital stock
Balance at the beginning of current period

1,985,666

1,985,666--

1,985,666

1,985,666

2,023,903

2,023,903--

2,023,903

2,023,903

15,249,493

15,625,496

Dividends from surplus(402,280)(349,799)

Net income

778,283

1,114,801

Total changes of items during the period

376,002765,001

15,625,496

16,390,498(347,208)(347,903)

Purchase of treasury stock

(694)

(694)

Total changes of items during the period

(694)

(694)

(347,903)(348,598)

18,911,854

19,287,162

Dividends from surplus(402,280)(349,799)

Net income

778,283

1,114,801

(694)

(694)

375,308

764,307

19,287,162

20,051,469

Changes of items during the period
Total changes of items during the period
Balance at the end of current period
Capital surplus
Balance at the beginning of current period
Changes of items during the period
Total changes of items during the period
Balance at the end of current period
Retained earnings
Balance at the beginning of current period
Changes of items during the period

Balance at the end of current period
Treasury stock
Balance at the beginning of current period
Changes of items during the period

Balance at the end of current period
Total shareholders’ equity
Balance at the beginning of current period
Changes of items during the period

Purchase of treasury stock
Total changes of items during the period
Balance at the end of current period

9

Yushin Precision Equipment Co., Ltd. (6482)(Thousands of yen)
FY2013

FY2012
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Balance at the beginning of current period

51,05647,576(3,479)10,662(3,479)10,66247,57658,239(503,005)(581,173)

Net changes of items other than shareholders’equity(78,168)

263,266

Total changes of items during the period(78,168)

263,266(581,173)(317,906)(451,949)(533,596)

Net changes of items other than shareholders’equity(81,647)

273,929

Total changes of items during the period(81,647)

273,929(533,596)(259,667)

35,89833,778Net changes of items other than shareholders’equity(2,119)40,041

Total changes of items during the period(2,119)40,041

33,77873,81918,495,803

18,787,344

Dividends from surplus(402,280)(349,799)

Net income

778,283

1,114,801

(694)

(694)

(83,767)

313,970

291,540

1,078,277

18,787,344

19,865,622

Changes of items during the period
Net changes of items other than shareholders’equityTotal changes of items during the period
Balance at the end of current period
Foreign currency translation adjustment
Balance at the beginning of current period
Changes of items during the period

Balance at the end of current period
Total accumulated other comprehensive income
Balance at the beginning of current period
Changes of items during the period

Balance at the end of current period
Minority interests
Balance at the beginning of current period
Changes of items during the period

Balance at the end of current period
Total net assets
Balance at the beginning of current period
Changes of items during the period

Purchase of treasury stock
Net changes of items other than shareholders’equityTotal changes of items during the period
Balance at the end of current period

10

Yushin Precision Equipment Co., Ltd. (6482)(4) Consolidated statements of cash flows

Net cash provided by (used in) operating activities
Income before income taxes and minority interests
Depreciation and amortization
Increase (decrease) in allowance for doubtful
accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for directors’
bonusesInterest and dividends income
Loss (gain) on sales of investment securities
Loss (gain) on valuation of investment securities
Decrease (increase) in notes and accounts receivable- tradeDecrease (increase) in inventories
Increase (decrease) in notes and accounts payable- tradeIncrease (decrease) in other current liabilities
Other, net
SubtotalInterest and dividends income received
Income taxes paid
Net cash provided by (used in) operating activities
Net cash provided by (used in) investing activities
Payments into time deposits
Payback of time deposits
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchases of intangible assets
Purchase of investment securities
Proceeds from sales of investment securities
Proceeds from collections of long-term loan
receivable
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities
Proceeds from stock issuance from minority
shareholders
Purchase of treasury stock
Cash dividends paid
Payment of dividends to minority shareholders
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

11(Thousands of yen)
ChangeFY2012FY2013

1,265,092
219,360

1,779,679
221,464

514,587
2,103

1,143

(40,809)(41,952)

1,000

12,00011,000

3,270

2,770

(500)

(31,556)(627)
588(23,429)(34,745)-

8,127(34,117)(588)(428,805)

226,556

655,362(924,003)(258,676)

665,327

476,445(818,031)(1,294,476)

236,236
83,538
901,681
31,604(349,143)
584,142

50,311
28,035
1,145,125
23,426(648,161)
520,390(185,925)(55,503)
243,444(8,177)(299,018)(63,751)

86,760(2,008,177)
1,729
(934)
(1,899)1,797(71,000)
35,500(777,075)
1,790(16,105)(1,601)
46,745(71,000)(51,260)
1,231,101
60(15,171)298
44,947

272

32

(240)

(1,920,452)(781,714)

1,138,737

-

240

240

(694)
(402,982)(5,469)(409,146)(694)(350,329)(1,159)(351,943)

052,652
4,310
57,203(73,157)

164,778

237,935(1,818,613)
9,831,932
8,013,318(448,489)
8,013,318
7,564,829

1,370,124(1,818,613)(448,489)

Yushin Precision Equipment Co., Ltd. (6482)(5) Notes to consolidated financial statements
Events or conditions raising significant questions regarding assumption 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
for the 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.
Accordingly, Yushin's operations, based on its production, sales and after-sales maintenance setups,
are geographically grouped into four reportable segments: Japan, North America, Asia and Europe.
In the domestic market, these operations are handled by the Company; overseas markets - North
America, Asia (South Korea, Taiwan, China, Indonesia, 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 Limited (Europe). The local subsidiaries are
independently managed units, with separately drafted strategies and activities.
2. Method of calculating sales and income (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.

12

Yushin Precision Equipment Co., Ltd. (6482)

3. Information related to sales and profit or loss for each reportable segment
FY2012 (from April 1, 2011 to March 31, 2012)(Thousands of yen)
Reportable segment
Japan

North
America

Asia

Europe

Total

Adjustment*1

Amounts
shown onconsolidated
statements ofincome *2

Net sales
Sales to customers
9,705,215
1,800,347
2,505,079
229,366
14,240,008
14,240,008
Inter-segment sales
3,399,576
14,835
208,197
10,921
3,633,530(3,633,530)
Total
13,104,791
1,815,182
2,713,276
240,287
17,873,539(3,633,530)
14,240,008
Segment profit (loss)
954,988
178,055
153,891
13,6901,300,626(27,731)
1,272,895
Segment asset
13,495,885
1,299,198
2,246,952
316,740
17,358,776
5,282,896
22,641,673
Other items
Depreciation and
134,735
18,697
8,409
4,528
166,370
166,370
amortization
Increment of tangible
1,877,907
10,092
117,266
4,689
2,009,955
2,009,955& intangible assets*Notes 1: Adjustment is as follows.
(1) The (27,731) thousand yen adjustment to segment loss includes eliminations for inter-segment
transactions of 7,512 thousand yen and inventory adjustments of (35,243) thousand yen.
(2) The 5,282,896 thousand yen adjustment to segment assets includes eliminations forinter-segment transactions of (2,277,998) thousand yen and operating funds of surplus assets by
the Company (cash and deposits, securities) of 7,178,855 thousand yen.
*Notes 2: Segment profit is adjusted to be consistent with operating income shown on the consolidated
statements of income.
FY2013 (from April 1, 2012 to March 31, 2013)(Thousands of yen)
Reportable segment
Japan

North
America

Asia

Europe

Total

Adjustment*1

Amounts
shown onconsolidated
statements ofincome *2

Net sales
Sales to customers
8,733,814
2,195,063
3,223,954
568,811
14,721,643
14,721,643
Inter-segment sales
3,660,060
4,850
236,475
12,114
3,913,501(3,913,501)
Total
12,393,875
2,199,913
3,460,430
580,925
18,635,144(3,913,501)
14,721,643
Segment profit (loss)
927,680249,237
285,471
55,714
1,518,104(19,381)
1,498,722
Segment asset
14,745,629
1,310,891
2,420,438
380,30718,857,267
4,887,198
23,744,465
Other items
Depreciation and
132,813
19,59912,091
5,754
170,258
170,258
amortization
Increment of tangible
1,177,271
17,74522,3607,889
1,225,267
1,225,267& intangible assets*Notes 1: Adjustment is as follows.
(1) The (19,381) thousand yen adjustment to segment loss includes eliminations for inter-segment
transactions of 37,069 thousand yen and inventory adjustments of (56,450) thousand yen.
(2) The 4,887,198 thousand yen adjustment to segment assets includes eliminations forinter-segment transactions of (2,161,166) thousand yen and operating funds of surplus assets by
the Company (cash and deposits, securities) of 7,048,365 thousand yen.
*Notes 2: Segment profit is adjusted to be consistent with operating income shown on the consolidated
statements of income.
13

Yushin Precision Equipment Co., Ltd. (6482)

Per share indexes(Yen)
FY2012FY2013Book-value per share (BPS)

1,072.24

1,131.63

Earnings per share (EPS)

44.50

63.74

*Notes 1: Net income per share fully diluted is not shown since there is none.
*Notes 2: The bases for calculating Earnings per share (EPS) are followings.
(Thousands of yen)
FY2012
A: Net income

FY2013
778,283

1,114,801--

778,283

1,114,801

17,490,332 shares

17,489,873 shares

B: Non-stockholders’ equity
A-B: Net income for common shares
Average number of shares*Notes 3: The bases for calculating Book-value per share (BPS) are followings.
(Thousands of yen)
As of March 31, 2012
Total net assets
Amounts deducted from total net assets(Portion of minority 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

Significant subsequent events
Non applicable14

As of March 31, 2013

18,787,344

19,865,622

33,77873,819(33,778)(73,819)

18,753,565

19,791,802

17,490,073 shares

17,489,657 shares

Yushin Precision Equipment Co., Ltd. (6482)

Order, backlog and sales(1) Orders
1) Order received
Products(Thousands of yen)
FY2012FY2013

Changes (%)

Take-out robots

9,120,368

10,173,320

11.5

Custom-ordered equipments

2,827,145

1,666,035(41.1)

Parts and maintenance service

2,058,551

2,423,982

17.8

Total

14,006,065

14,263,339

1.82) Backlog of orders
Products(Thousands of yen)
As of March 31, 2012

As of March 31, 2013

Changes (%)

1,594,916

1,626,952

2.0

Custom-ordered equipments

827,828

349,842(57.7)

Parts and maintenance service

158,591

146,247

(7.8)

Total

2,581,335

2,123,041(17.8)

Take-out robots(Thousands of yen)

(2) Net sales
Products

FY2012FY2013

Changes (%)

Take-out robots

9,048,483

10,141,284

12.1

Custom-ordered equipments

3,085,576

2,144,021(30.5)

Parts and maintenance service

2,105,948

2,436,336

15.7

Total

14,240,008

14,721,643

3.4

Overseas sales
FY2012 (from April 1, 2011 to March 31, 2012)
North
AmericaI

Overseas sales

2,387,180

Asia

Europe5,669,898

801,813(Thousands of yen)
Other
Total
areas
177,520

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

14,240,008
16.8

FY2013 (from April 1, 2012 to March 31, 2013)
North
AmericaI

Overseas sales

2,215,551

39.8

5.6

Asia

Europe6,411,723

824,311

1.2

63.5(Thousands of yen)
Other
Total
areas
181,954

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

9,036,412

9,633,541
14,721,643

15.0

15

43.6

5.6

1.2

65.4

Yushin Precision Equipment Co., Ltd. (6482)

4. Non-consolidated Financial Statements(1) Non-consolidated balance sheets(Thousands of yen)

<ASSETS>
Current assets
Cash and deposits
Notes receivable - trade
Accounts receivable - trade
Short-term investment securities
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
Noncurrent assets
Property, plant and equipment
Buildings
Structures
Machinery and equipment
VehiclesTools, furniture and fixtures
Land
Lease assets
Construction in progress
Total property, plant and equipment
Intangible assets
Telephone subscription right
Right of trademark
SoftwareTotal intangible assets
Investments and other assets
Investment securities
Stocks of subsidiaries and affiliates
Investments in capital
Investments in capital ofsubsidiaries and affiliates
Long-term loans receivable fromshareholders, directors or employees
Claims provable in bankruptcy,
claims provable in rehabilitation andother
Guarantee deposits
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

As of March 31, 2012
Amount%As of March 31, 2013
Amount%ChangeAmount

6,637,411
851,215
4,932,879
300,000
526,833
809,915
1,217,801
26,01998,815
191,109
24,590(11,500)
15,605,091

71.0

6,103,188924,3034,367,120
300,000
788,952
1,076,456
1,247,618
43,704
161,842
195,949
141,618(10,500)
15,340,255

67.6(534,223)
73,088(565,758)
262,119
266,540
29,817
17,68563,026
4,839
117,028
1,000(264,836)

21.8

1,698,244
84,39831,099215
96,402
3,831,429
15,721
3,366
5,760,878

25.4

877,392
66,901
20,219(65)
2,578
12,732
155
979,9130.1

11,430395
12,934
24,760

0.1

(300)
5,256
4,956

820,852
17,496
10,879281
93,824
3,831,429
2,988
3,211
4,780,964
11,430695
7,677
19,803
241,443
767,878170

246,287
789,460
170

4,843
21,581-

267,132

267,132

-

32

-

(32)

38,589686(37,903)

28,76467,291
189,580(38,589)
1,562,293
6,363,061
21,968,153

29,184
51,840189,517(686)
1,573,592
7,359,231
22,699,486

420(15,451)(62)
37,903
11,298996,169
731,332

16

7.1
29.0
100.0

6.9
32.4
100.0

Yushin Precision Equipment Co., Ltd. (6482)

As of March 31, 2012
Amount%<LIABILITIES>Current liabilities
Notes payable - trade
Accounts payable - trade
Lease obligations
Accounts payable - otherAccrued expenses
Income taxes payable
Advances received
Deposits received
Provision for bonuses
Provision for directors’ bonuses
Provision for product warranties
Notes payable - facilities
Accounts payable - facilities
Total current liabilities
Noncurrent liabilities
Lease obligations
Provision for directors’ retirement
benefitLong-term guarantee deposited
Total noncurrent liabilities
Total liabilities<NET ASSETS>
Shareholders’ equity
Capital stock
Capital surplus
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-sale securities
Total valuation and translation
adjustments
Total net assets
Total liabilities and net assets

428,584
1,863,458
801
448,320
67,655
282,400
37,567
11,202
180,000
16,95091,200583
19,0893,447,813

15.7(Thousands of yen)
As of March 31, 2013
ChangeAmount%Amount72,486
1,965,231
2,849
426,694
72,507
188,974
92,59913,327
192,000
19,72067,50031,925419,833
3,565,651

15.7(356,097)
101,772
2,048(21,625)
4,852(93,425)
55,0322,125
12,0002,770(23,700)
31,341
400,744
117,838

2,371

13,692

11,32066,78066,780-540
69,691
3,517,504

0.3
16.0

620
81,092
3,646,744

0.4
16.1

80
11,400129,240

1,985,666
2,023,903

9.1
9.2

1,985,666
2,023,903

8.7
8.9

-

286,314286,314-1,000,000
8,700,000

1,000,000
8,700,000-

4,755,090

5,347,216

592,125

14,741,405(347,903)
18,403,072

67.1
(1.6)
83.8

15,333,531(348,598)
18,994,503

67.6
(1.5)
83.7

592,125(694)
591,43147,5760.2

58,2390.2

10,66247,5760.2

58,2390.2

10,662

18,450,648
21,968,153

84.0
100.0

19,052,742
22,699,486

83.9
100.0

602,094
731,332

17

Yushin Precision Equipment Co., Ltd. (6482)(2) Non-consolidated statements of income%

FY2013
Amount(Thousands of yen)
Change%Amount13,104,791

100.0

12,393,875

100.0(710,916)

Cost of sales

8,668,905

66.2

8,026,110

64.8(642,795)

Gross profit
Selling, general and administrative
expenses
Operating income

4,435,886

33.8

4,367,764

35.2(68,121)3,480,897

26.5

3,440,084

27.7(40,812)

954,9887.3

927,680

7.5(27,308)

FY2012
AmountNet sales

Non-operating income
Interest income

18,076

13,473(4,602)

660

403

(256)

Dividends income

107,614270,004

162,389

Purchase discounts

10,077

10,777699-

40,21340,213

Other

20,04527,649

7,603

Total non-operating income

156,473

Interest on securities

Foreign exchange gains

1.2

362,5212.9

206,047

Non-operating expenses
Sales discounts

453

799

345

3,443

-

(3,443)

Loss on cancel of lease contracts

-

304

304

Other

8

286

278

Foreign exchange losses

Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of investment
securities
Total extraordinary income
Extraordinary loss
Loss on sales and retirement of
noncurrent assets
Loss on valuation of investment
securities
Loss on valuation of stocks ofsubsidiaries and affiliates
Loss on liquidation of subsidiaries
and affiliates
Total extraordinary losses

3,905

0.0

1,390

0.0

(2,514)

1,107,557

8.5

1,288,811

10.4

181,254627
627

34,7450.0

34,745

34,1170.3

34,117

2,318

1,645

(673)

588

-

(588)

8,079

-

(8,079)

-

292

292

10,986

0.1

1,938

0.0

(9,047)

1,097,198

8.4

1,321,618

10.7

224,419

Income taxes - current

399,791

3.1

373,660

3.0(26,130)

Income taxes - deferred(2,517)

(0.0)

6,032

0.1

8,549

Net income

699,924

5.3

941,9257.6

242,000

Income before income taxes

18

Yushin Precision Equipment Co., Ltd. (6482)(3) Non-consolidated statements of changes in net assets(Thousands of yen)
FY2013

FY2012
Shareholder’s equity
Capital stock
Balance at the beginning of current period
Changes of items during the period
Total changes of items during the period

1,985,666

1,985,666--

Balance at the end of current period

1,985,666

1,985,666

Capital surplus
Legal capital surplus
Balance at the beginning of current period
Changes of items during the period
Total changes of items during the period

2,023,903

2,023,903--

Balance at the end of current period

2,023,903

2,023,903

2,023,903

2,023,903--

Balance at the end of current period

2,023,903

2,023,903

Retained earnings
Legal retained earnings
Balance at the beginning of current period
Changes of items during the period
Total changes of items during the period

286,314286,314--

Balance at the end of current period

286,314286,3141,000,000

1,000,000--

1,000,000

1,000,000

8,700,000

8,700,000--

8,700,000

8,700,000

4,457,446

4,755,090(402,280)
699,924(349,799)
941,925

297,643592,125

4,755,090

5,347,216

Capital surplus
Balance at the beginning of current period
Changes of items during the period
Total changes of items during the period

Other retained earnings
Reserve for dividend equalization
Balance at the beginning of current period
Changes of items during the period
Total changes of items during the period
Balance at the end of current period
General reserve
Balance at the beginning of current period
Changes of items during the period
Total changes of items during the period
Balance at the end of current period
Retained earnings brought forward
Balance at the beginning of current period
Changes of items during the period
Dividends from surplus
Net income
Total changes of items during the period
Balance at the end of current period

19

Yushin Precision Equipment Co., Ltd. (6482)(Thousands of yen)
FY2013

FY2012
Total retained earnings
Balance at the beginning of current period
Changes of items during the period
Dividends from surplus
Net income
Total changes of items during the period
Balance at the end of current period
Treasury stock
Balance at the beginning of current period
Changes of items during the period
Purchase of treasury stock
Total changes of items during the period

14,443,761

14,741,405(402,280)
699,924
297,643
14,741,405(349,799)
941,925
592,125
15,333,531(347,208)(347,903)

(694)
(694)

(694)
(694)

(347,903)(348,598)

18,106,122

18,403,072(402,280)
699,924(694)(349,799)
941,925(694)

Total changes of items during the period

296,949

591,431

Balance at the end of current period
Valuation and translation adjustments
Valuation difference on available-for-sale securities
Balance at the beginning of current period
Changes of items during the period
Net changes of items other than shareholders’equityTotal changes of items during the period
Balance at the end of current period
Total valuation and translation adjustments
Balance at the beginning of current period
Changes of items during the period
Net changes of items other than shareholders’equityTotal changes of items during the period
Balance at the end of current period
Net assets
Balance at the beginning of current period
Changes of items during the period
Dividends from surplus
Net income
Purchase of treasury stock
Net changes of items other than shareholders’equityTotal changes of items during the period
Balance at the end of current period

18,403,072

18,994,503

51,05647,576(3,479)10,662(3,479)47,576

10,662
58,23951,05647,576(3,479)10,662(3,479)47,576

10,662
58,23918,157,178

18,450,648(402,280)
699,924(694)(349,799)
941,925(694)(3,479)10,662

293,469
18,450,648

602,093
19,052,742

Balance at the end of current period
Total shareholder’s equity
Balance at the beginning of current period
Changes of items during the period
Dividends from surplus
Net income
Purchase of treasury stock

20