<Translation>
February 3, 2022

Consolidated Financial Results for the Nine Months
Ended December 31, 2021 <under Japanese GAAP>
Company Name: YUSHIN PRECISION EQUIPMENT CO., LTD.
Listing:First Section of the Tokyo Stock Exchange
Securities code: 6482
URL:
https://www.ype.co.jp/en/
Representative: Takayo Kotani, Representative Director and President
Inquiries:
Masahito Fukui, Director and General Manager of Corporate Management Department
Tel: +81-75-933-9555
Scheduled date to submit quarterly report:
February 14, 2022
Scheduled date to commence dividend payments:
Preparation of supplementary materials on the quarterly financial results:
None
Holding of quarterly financial results briefing:
None(Amounts less than one million yen are omitted, unless otherwise noted)

1. Consolidated Business Results for the Nine Months Ended December 31, 2021
(from April 1, 2021 to December 31, 2021)(1) Consolidated operating results (Cumulative)(Percentages indicate year-on-year changes)
Profit attributable toOperating profit
Ordinary profit
owners of parent

Net sales
Nine months ended

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

Millions of yen%

December 31, 2021

15,472

21.7)

2,113

39.5)

2,238

42.8)

1,630

44.5

December 31, 2020

12,713(16.3)

1,515

(7.1)

1,567

(0.6)

1,128

0.2

Note: Comprehensive income Nine months ended December 31, 2021:
Nine months ended December 31, 2020:
Basic earnings
per share
Nine months ended

1,801 million yen [ 46.8%]
1,227 million yen [ 12.4%]

Diluted earnings
per share
Yen

Yen

December 31, 2021

47.90

-

December 31, 2020

33.15

-

(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen%

As of December 31, 2021

35,61630,243

84.3

As of March 31, 2021

34,68829,19983.5

Reference: Equity capital
As of December 31, 2021: 30,009 million yen

As of March 31, 2021: 28,962 million yen

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

2. Cash Dividends
Annual dividends per share
1Q
FY2021
FY2022

2Q

3Q

Total

4Q

Yen

Yen

Yen

Yen

Yen

-

5.00
9.00

-

13.00

18.00

9.00

18.00

-

FY2022 (Forecast)
Note: Revisions to projected dividends most recently announced: None

3. Consolidated Earnings Forecast for the FY2022 (from April 1, 2021 to March 31, 2022)
Net sales
Millions ofyen(Percentages indicate year-on-year changes)
Basic
Profit attributable
Ordinary profit
earnings
to owners of parent
per share

Operating profit%

Millions ofyen%Millions ofyen

20,000
8.3
2,600
3.1
2,630
FY2022
Note: Revisions to projected results most recently announced: None%

Millions of
yen

%

Yen

0.8

1,840

0.7

54.06

* Notes(1) Changes in significant subsidiaries during the period (Changes in specified subsidiaries accompanying changes inscope of consolidation): None
(2) Adoption of the special accounting methods: Yes
Note: Please refer to “2. Quarterly Consolidated Financial Statements and Notes, (3) Notes related to quarterly
consolidated financial statements < Adoption of special accounting methods for preparation of quarterly financial
statements >” on page 7 of [Attached Material] for further information.
(3) Changes in accounting policies, changes in accounting estimates, and restatement
1) Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
2) Changes in accounting policies due to other reasons:None3) Changes in accounting estimates:
None4) Restatement:
None(4) Number of issued shares (Common stock)1) Number of issued sharesat the end of the period(including shares of treasury shares)
2) Number of shares of treasury sharesat the end of the period
3)

Average number of outstanding shares
during the period

As of Dec. 31,
2021

35,638,066
shares

As of March 31,
2021

35,638,066
Shares

As of Dec. 31,
2021
Nine months
ended Dec. 31,
2021

1,602,710
shares

As of March 31,
2021
Nine months
ended Dec. 31,
2020

1,602,518
Shares34,035,468
shares34,035,605
shares* This “Consolidated Financial Results for the Nine Months” report is not subject to quarterly review procedures bycertified public accountant or by auditing firm.
* 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. Qualitative Information on Quarterly Consolidated Financial Performance, (3) Explanation on
the forecast information including consolidated earnings forecast and others” on page 2 of [Attached Material].
* Disclaimer:This English version is not an official translation of the original Japanese document. In cases where any differences occur between the English
version and the original Japanese version, the Japanese version shall prevail. 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.
This translation may be used only for reference purposes. YUSHIN PRECISION EQUIPMENT CO., LTD. maintains the right to claim
compensation from violators for any damage or loss it may suffer from the violation of these conditions.

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)[Attached Material]

INDEX
1. Qualitative Information on Quarterly Consolidated Financial Performance ··········································· 2(1) Explanation on the business results ······················································································ 2(2) Explanation on the financial condition ··················································································· 2(3) Explanation on the forecast information including consolidated earnings forecast and others ··················· 2
2. Quarterly Consolidated Financial Statements and Notes ································································· 3(1) Quarterly consolidated balance sheets ··················································································· 3(2) Quarterly consolidated statements of income and consolidated statements of comprehensive income ········· 5
Quarterly consolidated statements of income ··········································································· 5
Quarterly consolidated statements of comprehensive income ························································ 6(3) Notes related to quarterly consolidated financial statements ·························································· 7< Notes related to going concern assumption > ·········································································· 7< Notes in the event of significant changes in shareholders’ equity > ················································ 7< Change in accounting policy >··························································································· 7< Adoption of special accounting methods for preparation of quarterly financial statements > ··················· 7< Segment information > ··································································································· 8
3. Supplemental Information ···································································································· 9(1) Orders, backlog and sales ·································································································· 9(2) Overseas sales ··············································································································· 91YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

1. Qualitative Information on Quarterly Consolidated Financial Performance(1) Explanation on the business results
With regard to the global economy during the nine months ended December 31, 2021, the world economy has
shown a recovery trend toward positive growth, partly due to the fact that vaccinations against COVID-19 haveprogressed worldwide, and restrictions on business activities have been eased in an increasing number of regions.
However, the future outlook still remains uncertain due to concerns about the reemergence of the infectious
diseases in the latter half of the period, as well as the negative impact of the global shortage of semiconductors on
production activities and soaring ocean freight rates.
Under these circumstances, YUSHIN Group has placed the safety of its customers, business partners andemployees as its first priority and has continued to develop new customers on a global scale while paying close
attention to the possibility of COVID-19 infection. As a result, orders received during the nine months ended
December 31, 2021 increased significantly year on year. As for the consolidated business results for the ninemonths of the current fiscal year, sales of custom-ordered equipment decreased year on year due to the slow
recovery of large orders, while sales of take-out robots increased in Japan and Asia due to the recovery of capital
investment appetite, and sales continued to be strong in China and North America. As a result, Net sales increased
by 21.7% to 15,472 million yen year on year. Operating profit increased by 39.5% to 2,113 million yen year on
year due to the increase in consolidated net sales. Ordinary profit increased by 42.8% to 2,238 million yen year
on year and Profit attributable to owners of parent increased by 44.5% to 1,630 million yen year on year.
In November 2021, we started selling environmentally friendly YD robot, successor model of YC robot whichis the main take-out robot.

(2) Explanation on the financial condition<Assets>
Total assets increased by 928 million yen from the end of the previous fiscal year to 35,616 million yen. Thiswas mainly due to increase of “Raw materials and supplies” by 629 million yen.
<Liabilities>
Total liabilities decreased by 115 million yen from the end of the previous fiscal year to 5,373 million yen. Thiswas mainly due to decrease of “Income taxes payable” by 139 million yen.
<Net assets>
Net assets increased by 1,044 million yen from the end of the previous fiscal year to 30,243 million yen.

(3) Explanation on the forecast information including consolidated earnings forecast and others
At this time, there are no changes to the full-year Consolidated Earnings Forecasts for the fiscal year
ending March 31, 2022 that was announced in Consolidated Financial Results released on May 11, 2021.

2

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

2. Quarterly Consolidated Financial Statements and Notes(1) Quarterly consolidated balance sheets
As of March 31, 2021
<ASSETS>
Current assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

3(Thousands of yen)
As of December 31, 2021

11,690,730
5,563,680
1,007,401
987,869
2,987,777
308,866(36,825)
22,509,500

11,658,488
5,887,703
1,144,665
984,732
3,617,364
408,484(8,719)23,692,717

4,166,174
6,129,718
235,666
10,531,559
254,601

3,913,221
6,279,194
254,743
10,447,159
191,427

285,724
296,727
621,419
209,365(20,224)
1,393,012
12,179,174
34,688,675

247,278
287,582
649,485
176,132(74,876)
1,285,601
11,924,189
35,616,906

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(Thousands of yen)
<LIABILITIES>Current liabilities
Notes and accounts payable - trade
Accounts payable - other
Income taxes payable
Advances received
Provision for bonuses
Provision for bonuses for directors
Provision for product warranties
Other
Total current liabilities
Non-current liabilities
Retirement benefit liability
Deferred tax liabilities
Other
Total non-current liabilities
Total liabilities<NET ASSETS>
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

4

As of March 31, 2021

As of December 31, 2021

2,773,198
542,158
400,497
789,464
282,42942,800162,715
328,688
5,321,953

2,672,610
451,943
260,860
1,098,679
186,961
25,425
152,532
346,445
5,195,457

87,94835,95543,415
167,319
5,489,273

95,03433,26349,554
177,852
5,373,309

1,985,666
2,024,597
25,848,552(1,355,222)
28,503,594

1,985,666
2,024,597
26,730,123(1,355,378)
29,385,009

103,840
290,333
64,753458,927
236,879
29,199,402
34,688,675

77,120488,707
58,196
624,023
234,564
30,243,597
35,616,906

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(2) Quarterly consolidated statements of income and consolidated statements of comprehensive income
Quarterly consolidated statements of income
Nine months ended December 31
Nine months ended
December 31, 2020
12,713,267
7,342,974
5,370,293
3,854,677
1,515,615

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Purchase discounts
Foreign exchange gains
Subsidy income
Surrender value of insurance policies
Other
Total non-operating income
Non-operating expenses
Sales discounts
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
Total extraordinary income
Extraordinary losses
Loss on sales and retirement of non-current
assetsTotal extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

5(Thousands of yen)
Nine months ended
December 31, 2021
15,472,921
8,828,884
6,644,037
4,530,063
2,113,973

4,697
5,743
4,941
14,234
14,276
8,296
52,190

5,048
6,029
6,031
32,72571,9303,541
125,306

456
130
586
1,567,220933
933
2,238,346

1,927
1,927

715
715

27

221

27
1,569,120
424,311
1,144,809

221
2,238,839
596,041
1,642,797

16,473

12,446

1,128,336

1,630,351

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

Quarterly consolidated statements of comprehensive income
Nine months ended December 31
Nine months ended
December 31, 2020
1,144,809

ProfitOther comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, netof taxTotal other comprehensive income
Comprehensive income(Comprehensive income attributable to)Comprehensive income attributable toowners of parent
Comprehensive income attributable to noncontrolling interests

6(Thousands of yen)
Nine months ended
December 31, 2021
1,642,797

44,640(26,720)

46,361

192,451(8,366)(6,557)

82,635
1,227,444

159,173
1,801,971

1,203,739

1,795,447

23,704

6,523

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(3) Notes related to quarterly consolidated financial statements< Notes related to going concern assumption >None< Notes in the event of significant changes in shareholders’ equity >None< Change in accounting policy ><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 beginning of theconsolidated first quarter under review. In accordance with the Accounting Standard for Revenue
Recognition, when control of a promised good or service is transferred to the customer, revenue will berecognized 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 the transitional
treatment stipulated in the provisions of Paragraph 84 of the Standard. The cumulative impact ofretroactively applying the new accounting policy prior to the beginning of consolidated first quarter underreview is added or subtracted to the retained earnings at the beginning of the consolidated first quarter underreview and the new accounting policy is applied from the beginning balance.
This has no effect on profit and loss for the first nine months of the current fiscal year and on the balanceof retained earnings at the beginning of the period by applying Accounting Standard for Revenue
Recognition.
<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 thefirst quarter ended June 30, 2021. 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 prescribedby Fair Value Accounting Standards and others. This has no effect on the quarterly consolidated financial
statements.

< Adoption of special accounting methods for preparation of quarterly financial statements >Calculation method for tax expenses
The effective tax rate on Profit before income taxes for the consolidated fiscal year after the applicationof tax effect accounting is reasonably estimated, and this estimated rate is applied to Profit before income
taxes for the quarterly period under review

7

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)< Segment information >Nine Months of FY2021 (from April 1, 2020 to December 31, 2020)
Information related to sales and profit or loss for each reportable segment(Thousands of yen)
Reportable segment
Total

Adjustment*1

Amounts
shown onquarterly
consolidated
statements ofincome *2

Japan

U.S.A.

Asia

EuropeSales to customers

5,681,592

2,664,065

2,982,280

1,385,328

12,713,267-

12,713,267

Inter-segment sales
or transfers

3,111,182

6,301

162,5963,202

3,283,282(3,283,282)

-

Total

8,792,774

2,670,367

3,144,876

1,388,530

15,996,549(3,283,282)

12,713,267

Segment profit

598,340

390,752

215,039

279,042

1,483,174

32,441

1,515,615

Net sales*Notes 1: The 32,441 thousand yen adjustment to segment profit includes eliminations for inter-segment
transactions of 2,940 thousand yen and inventory adjustments of 29,501 thousand yen.
*Notes 2: Segment profit is adjusted to be consistent with operating profit shown on the quarterly consolidated
statements of income.
Nine Months of FY2022 (from April 1, 2021 to December 31, 2021)
Information related to sales and profit or loss for each reportable segment(Thousands of yen)
Reportable segment
Total
EuropeAdjustment*1

Amounts
shown onquarterly
consolidated
statements ofincome *2

Japan

U.S.A.

Asia

Sales to customers

7,488,854

2,948,521

4,126,296

909,248

15,472,921-

15,472,921

Inter-segment sales
or transfers

3,783,705

4,605

317,336

2,248

4,107,896(4,107,896)

-

Total

11,272,560

2,953,127

4,443,633

911,496

19,580,817(4,107,896)

15,472,921

Segment profit

1,417,363

355,392

428,169

105,2632,306,189(192,215)

2,113,973

Net sales*Notes 1: The (192,215) thousand yen adjustment to segment profit includes eliminations for inter-segment
transactions of (428) thousand yen and inventory adjustments of (191,786) thousand yen.
*Notes 2: Segment profit is adjusted to be consistent with operating income shown on the quarterly consolidated
statements of income.

8

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

3. Supplemental Information(1) Orders, backlog and sales
a. Orders
1) Order received
Products(Thousands of yen)
Nine Months of FY2021

Change(%)

Nine Months of FY2022

Take-out robots

8,941,710

10,997,384

123.0

Custom-ordered equipment

2,173,976

2,977,223

136.9

Parts and maintenance service

2,296,588

2,652,241

115.5

Total

13,412,275

16,626,848

124.02) Backlog of orders
Products(Thousands of yen)
As of December 31, 2020

Change(%)

As of December 31, 2021

Take-out robots

2,902,680

3,273,998

112.8

Custom-ordered equipment

1,946,754

2,204,471

113.2

Parts and maintenance service

239,795

307,073

128.1

Total

5,089,230

5,785,543

113.7

b. Net sales(Thousands of yen)

Products

Nine Months of FY2021

Change(%)

Nine Months of FY2022

Take-out robots

8,159,178

10,724,120

131.4

Custom-ordered equipment

2,288,682

2,196,527

96.0

Parts and maintenance service

2,265,406

2,552,273

112.7

Total

12,713,267

15,472,921

121.7(2) Overseas sales
Nine Months of FY2021 (from April 1, 2020 to December 31, 2020)

I Overseas sales(Thousands of yen)North
America

Asia

Europe2,592,962

3,881,366

1,430,167

Other areas
408,045

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

20.4

30.5

11.3

North
AmericaAsia

3,041,459

5,455,921

3.2

65.4

(Thousands of yen)
EuropeOther areas

704,617374,971

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

8,312,542
12,713,267

Nine Months of FY2022 (from April 1, 2021 to December 31, 2021)

I Overseas sales

Total

Total
9,576,971
15,472,921

19.7

35.3

9

4.6

2.4

61.9