<Translation>

November 5, 2015

Consolidated Financial Results
for the Six Months Ended September 30, 2015
<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
Masahito Fukui, Accounting Manager
Tel: +81-75-933-9168 (from overseas)
Scheduled date to submit quarterly report:
November 13, 2015
Scheduled date to commence dividend payments:
December 1, 2015
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 Business Results for the Six Months Ended September 30, 2015
(from April 1, 2015 to September 30, 2015)(1) Consolidated operating results (Cumulative)(Percentages indicate year-on-year changes)
Net income
attributable toOperating income
Ordinary income
shareholders of theparent company

Net sales
Six months ended

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

September 30, 2015

9,919

20.0

1,502

35.1

1,444

17.9

1,014

28.0

September 30, 2014

8,267

(1.3)

1,112

0.8

1,225

(3.6)

792

2.9

Note: Comprehensive income
Six months ended September 30, 2015:
Six months ended September 30, 2014:

896 million yen [(8.1) %]975 million yen [(12.4) %]Net income per share
Six months ended
September 30, 2015
September 30, 2014

Diluted net income
per share

Yen

Yen

58.00
45.30

-

(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen%

As of September 30, 2015

30,362

24,458

79.9

As of March 31, 2015

29,463

23,97080.6

Reference: Equity capital (Net assets less minority interests)
As of September 30, 2015: 24,257 million yen
As of March 31, 2015: 23,737 million yen

Yushin Precision Equipment Co., Ltd. (6482)

2. Cash Dividends
Annual dividends per share
1Q
Year ended March 31, 2015
Year ending March 31, 2016

2Q

3Q

Total

4Q

Yen

Yen

Yen

Yen

Yen

-

10.00
15.00

-

20.00

30.00

-

21.00

36.00

Year ending March 31, 2016
(Forecast)

Note: Revisions to projected dividends most recently announced: None

3. Consolidated Earnings Forecasts for the Year Ending March 31, 2016
(from April 1, 2015 to March 31, 2016)

OperatingincomeNet sales

Millions ofyenYear ending March 31,
2016(Percentages indicate year-on-year changes)
Net income
attributable toNet
Ordinary income
shareholders ofincomethe parent
per sharecompany%

20,000 12.4

Millions ofyen%

3,000 30.2

Millions ofyen%

3,000 18.0

Millions of
yen

%

Yen

2,100 24.7

120.08

Note: Revisions to projected results most recently announced: Yes* Notes(1) Changes in significant subsidiaries during the period (Changes in specified subsidiaries accompanying
changes in scope of consolidation): None
Newly added: Excluded: (2) Adoption of the special accounting methods: Yes
Note: Please refer to “2. Other Information (Notes), (2) Adoption of special accounting methods for
preparation of quarterly financial statements” on page 2 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:
2) Changes in accounting policies due to other reasons:3) Changes in accounting estimates:
4) Restatement:

Yes
None
None
None

(4) Number of issued shares (Common stock)1) Number of issued shares at the end of the period (including shares of treasury stock)
As of September 30, 2015
17,819,033 shares
As of March 31, 2015
17,819,033 shares
2) Number of shares of treasury stock at the end of the period
As of September 30, 2015
331,073 shares
As of March 31, 2015
330,904 shares
3) Average number of outstanding shares during the period
Six months ended September 30, 2015 17,488,056 shares
Six months ended September 30, 2014 17,488,629 shares* Information regarding the implementation of quarterly review proceduresThis quarterly financial information included in this summary is out of scope of quarterly review
procedure under the Financial Instruments and Exchange Act. Quarterly review procedure under the
Financial Instruments and Exchange Act has not been completed at the date of submission of this summary.

Yushin Precision Equipment Co., Ltd. (6482)* 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, pleaserefer 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 shallprevail. Yushin Precision Equipment Co., Ltd. shall accept no responsibility or liability for damages orloss 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. 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. Other Information (Notes)······························································································· 2(1) Changes in significant consolidated subsidiaries ································································· 2(2) Adoption of special accounting methods for preparation of quarterly financial statements ················ 2(3) Changes in accounting principles, accounting estimates and retrospective restatement ···················· 2
3. Consolidated Financial Statements····················································································· 3(1) Consolidated balance sheets ························································································· 3(2) Consolidated statements of income and consolidated statements of comprehensive income ·············· 5Consolidated statements of income ················································································· 5Consolidated statements of comprehensive income ······························································ 6(3) Notes related to consolidated financial statements ······························································· 7< Notes related to going concern assumption > ···································································· 7< Notes in the event of significant changes in shareholders’ equity > ·········································· 7< Segment information > ······························································································ 7
4. Supplemental Information ······························································································· 8(1) Orders, backlog and sales ···························································································· 8(2) Overseas sales ········································································································· 8

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

1. Qualitative Information on Quarterly Consolidated Financial Performance(1) Explanation on the business results
During the six months ended September 30th, 2015, the US economy was on a recovery trend led byconsumer spending, and the European economy was also on a gradual recovery. On the other hand in Asia,
there was a slowdown in the growth of economy in many countries.
In these circumstances, the Group maintained favorable sales in take-out robot and custom-ordered
equipment both domestically and internationally, by focusing on building new business with global
companies. As the results, consolidated net sales increased by 20.0% year-on-year to 9,919 million yen.
Operating income increased by 35.1% year-on-year to 1,502 million yen, ordinary income increased by
17.9% year-on-year to 1,444 million yen and net income attributable to shareholders of the parent company
for the period increased by 28.0% year-on-year to 1,014 million yen.
(2) Explanation on the financial condition<Assets>
Total assets increased by 898 million yen from the end of the previous fiscal year to 30,362 million yen.
This was mainly due to increase of “Work in process” by 399 million yen and “Cash and deposits” by 252
million yen.
<Liabilities>
Total liabilities increased by 410 million yen from the end of the previous fiscal year to 5,903 million yen.
This was mainly due to increase of 219 million yen in “Income taxes payable”.
<Net assets>
Net assets increased by 488 million yen from the end of the previous fiscal year to 24,458 million yen.
(3) Explanation on the forecast information including consolidated earnings forecast and others
After reviewing our business forecast based on the future industry trend, we have revised our full-year
forecast for the fiscal year ending March 31, 2016, which was announced on May 11, 2015. For moredetailed information, please refer “Revisions to the Forecast for the Earnings” announced on November 5,
2015.

2. Other Information (Notes)(1) Changes in significant consolidated subsidiaries
None(2) Adoption of special accounting methods for preparation of quarterly financial statements
The effective tax rate on income before income tax for the consolidated fiscal year after the application oftax effect accounting is reasonably estimated, and this estimated rate is applied to net income for thequarterly period under review.
Income taxes–deferred are included in income taxes in the consolidated statements of income.
(3) Changes in accounting principles, accounting estimates and retrospective restatement(Application of Accounting Standard for Business Combinations and other standards)
With regard to the “Revised Accounting Standards for Business Combination” (Accounting Standards
Board of Japan(ASBJ) Accounting Standard – ASBJ Statement No. 21 dated September 13, 2013), the“Revised Accounting Standard for Consolidated Financial Statements” (Accounting Standards Board ofJapan (ASBJ) Accounting Standard – ASBJ Statement No. 22 dated September 13, 2013), and the“Revised Accounting Standards for Business Divestitures” (Accounting Standards Board of Japan (ASBJ)
Accounting Standard –ASBJ Statement No. 7 dated September 13, 2013) have been adopted from the firstquarter of the current consolidated fiscal year under review. Accordingly, the way in which quarterly net
income is denoted has been changed, and the term minority interest has been changed to non-controllinginterests. In order to reflect such changes, the quarterly consolidated financial statements and the fullconsolidated year financial statements for the previous period (six months ended September 30, 2014) andprevious consolidated fiscal year have been reclassified.
2

Yushin Precision Equipment Co., Ltd. (6482)

3. Consolidated Financial Statements(1) Consolidated balance sheets(Thousands of yen)
As of March 31, 2015
Amount%As of September 30, 2015
Amount%ChangeAmount<ASSETS>
Current assets
Cash and deposits

9,134,653

9,386,782

252,128

Notes and accounts receivable - trade

5,848,881

5,936,145

87,263Merchandise and finished goods

1,111,488

904,815(206,673)

Work in process

1,010,085

1,409,830

399,744

Raw materials and supplies

2,237,352

2,334,874

97,521

Deferred tax assets

602,050

610,231

8,180

Other

455,397

651,208

195,811

Allowance for doubtful accounts(25,952)(17,966)

7,985

Total current assets

20,373,958

69.2

21,215,922

69.9

841,963

Non-current assets
Property, plant and equipment
Buildings and structures

1,725,817

1,929,410

203,593Land

5,807,868

5,787,838(20,030)

Other

561,155

358,047(203,107)

Total property, plant and equipment
Intangible assets

8,094,840

27.5

8,075,296

26.6(19,544)

161,853

0.5

246,3810.8

84,527

Investments and other assets
Investment securities

294,879

282,389(12,490)

Net defined benefit asset

346,848

347,570

721

Other

191,834

195,132

3,298

Allowance for doubtful accounts

(443)

(341)

102

Total investments and other assets

833,1202.8

824,751

2.7(8,368)

Total non-current assets

9,089,814

30.8

9,146,429

30.1

56,614

Total assets

29,463,773

100.0

30,362,351

100.0

898,5773

Yushin Precision Equipment Co., Ltd. (6482)(Thousands of yen)
As of March 31, 2015
Amount%As of September 30, 2015
Amount%ChangeAmount<LIABILITIES>Current liabilities
Notes and accounts payable - trade2,363,099

2,379,909

16,810Accounts payable - other526,107577,426

51,318

Income taxes payable

265,529

485,385

219,856

Advances received

1,282,839

1,442,406

159,566

Provision for bonuses

235,000

237,000

2,000

Provision for directors’ bonuses

30,75016,350(14,400)

Provision for product warranties

179,131

172,907(6,223)

Other

189,854

178,156(11,698)

Total current liabilities

5,072,311

17.2

5,489,540

18.1

417,229

Non-current liabilities
Provision for directors’ retirement
benefits

66,78066,780-Net defined benefit liability

38,72936,498(2,231)

Deferred tax liabilities

237,922235,937(1,984)

Other

77,88774,896(2,991)

Total non-current liabilities

421,3191.4

414,112

1.4(7,206)

5,493,630

18.6

5,903,653

19.4

410,022

Total liabilities<NET ASSETS>
Shareholders' equity
Capital stock

1,985,666

1,985,666-

Capital surplus

2,023,903

2,023,903-

Retained earnings

19,205,664

19,870,124

664,459

Treasury stock(352,005)(352,425)(419)

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

22,863,228

77.6

23,527,268

77.5

664,039

107,003

98,862(8,141)

658,809524,736(134,072)

108,707

106,483(2,223)

874,5203.0

730,082

2.4(144,437)

232,3930.8

201,3470.7(31,046)

Total net assets

23,970,142

81.4

24,458,697

80.6

488,555

Total liabilities and net assets

29,463,773

100.0

30,362,351

100.0

898,577

Non-controlling interests

4

Yushin Precision Equipment Co., Ltd. (6482)(2) Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Thousands of yen)Six months ended
September 30, 2014%
AmountSix months ended
September 30, 2015%
AmountAmountNet sales

8,267,321

100.0

9,919,506

100.0

1,652,185

Cost of sales

4,869,109

58.9

5,752,731

58.0

883,622

Gross profit

3,398,211

41.1

4,166,774

42.0

768,563

Selling, general and administrative
expenses

2,285,795

27.6

2,664,166

26.9

378,370

Operating income

1,112,415

13.5

1,502,607

15.1

390,192

ChangeNon-operating income
Interest income

12,618

8,906(3,711)Dividends income

2,459

2,386

(72)

Purchase discounts

5,747

7,465

1,718

Foreign exchange gains

75,250-(75,250)-

12,208

12,208Other

18,452

16,408(2,044)

Total non-operating income

114,527

Subsidy income

1.4

47,3750.5(67,151)

Non-operating expenses
Sales discounts

633

413

(220)

-

105,107

105,107

Other

1,189

215

(973)

Total non-operating expenses

1,822

0.0

105,735

1.1

103,9121,225,119

14.8

1,444,247

14.6

219,127

Foreign exchange losses

Ordinary income
Extraordinary income
Gain on sales of non-current assets

966

-

(966)

Gain on sales of investment securities

-

1,104

1,104

Total extraordinary income

966

0.0

1,104

0.0

138

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

194

Total extraordinary losses

194

0.0

834

0.0

640

Income before income taxes

1,225,891

14.8

1,444,517

14.6

218,625

Income taxes

395,124

4.8

381,636

3.8(13,488)

Net income
Net income attributable to noncontrolling interests
Net income attributable to shareholdersof the parent company

830,767

10.1

1,062,880

10.7

232,113

38,5420.5

48,6580.5

10,116792,2249.6

1,014,222

10.2

221,997

5

834

640

Yushin Precision Equipment Co., Ltd. (6482)

Consolidated statements of comprehensive income(Thousands of yen)Six months ended
September 30, 2014

Net income

Six months ended
September 30, 2015

Change830,767

1,062,880

232,113

Other comprehensive income
Valuation difference on available-forsale securities
Foreign currency translation
adjustments
Remeasurements of defined benefit
plans, net of tax

14,848(8,141)(22,990)129,010(155,708)(284,718)

846(2,223)(3,070)Total other comprehensive income

144,705(166,073)(310,779)

Comprehensive income

975,473

896,806(78,666)

927,433

869,784(57,649)

48,03927,022(21,016)Comprehensive income attributable toshareholders of the parent company
Comprehensive income attributable tonon-controlling interests

6

Yushin Precision Equipment Co., Ltd. (6482)(3) Notes related to consolidated financial statements< Notes related to going concern assumption >None< Notes in the event of significant changes in shareholders’ equity >None< Segment information >First Six Months of FY2015 (from April 1, 2014 to September 30, 2014)
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 of income
*2

Japan

U.S.A.

Asia

EuropeSales to customers

4,205,506

1,270,591

2,498,444

292,778

8,267,321-

8,267,321

Inter-segment sales

2,029,983

5,282

129,364180

2,164,811(2,164,811)

-

Total

6,235,489

1,275,874

2,627,809

292,959

10,432,132(2,164,811)

8,267,321

522,572

190,554424,362

24,941

1,162,430(50,014)

1,112,415

Net sales

Segment profit*Notes 1: The (50,014) thousand yen adjustment to segment profit is inventory adjustments.
*Notes 2: Segment profit is adjusted to be consistent with operating income shown on the consolidated statements of income.

First Six Months of FY2016 (from April 1, 2015 to September 30, 2015)
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 of income
*2

Japan

U.S.A.

Asia

EuropeSales to customers

5,094,860

1,555,258

2,931,179

338,2079,919,506-

9,919,506

Inter-segment sales

2,163,553

6,326

168,208410

2,338,498(2,338,498)

-

Total

7,258,414

1,561,584

3,099,388

338,617

12,258,004(2,338,498)

9,919,506

720,240

132,240

631,458

36,885

1,520,824(18,216)

1,502,607

Net sales

Segment profit*Notes 1: The (18,216) thousand yen adjustment to segment profit includes 21,101 thousand yen eliminations for inter-segment
transaction and (39,318) thousand yen inventory adjustments.
*Notes 2: Segment profit is adjusted to be consistent with operating income shown on the consolidated statements of income.

7

Yushin Precision Equipment Co., Ltd. (6482)

4. Supplemental Information(1) Orders, backlog and sales
a. Orders
1) Order received
Products(Thousands of yen)First Six Months of FY2015

Take-out robots

ChangeFirst Six Months of FY2016(%)

6,844,084

7,053,196

103.1

Custom-ordered equipment

619,059

1,601,599

258.7

Parts and maintenance service

1,465,298

1,618,604

110.5

8,928,441

10,273,401

115.1

Total

(Thousands of yen)

2) Backlog of orders
Products

As of September 30, 2014

Take-out robots

ChangeAs of September 30, 2015(%)

2,177,189

2,347,151

107.8

Custom-ordered equipment

512,424

2,657,497

518.6

Parts and maintenance service

170,512215,852126.6

2,860,126

5,220,500

182.5

Total

(Thousands of yen)b. Net sales
Products

First Six Months of FY2015

Take-out robots

ChangeFirst Six Months of FY2016(%)

6,151,601

7,211,062

117.2

Custom-ordered equipment

705,283

1,106,925

156.9

Parts and maintenance service

1,410,435

1,601,518

113.5

8,267,321

9,919,506

120.0

Total

(2) Overseas SalesFirst Six Months of FY2015 (from April 1, 2014 to September 30, 2014)
North America
I

Overseas sales

1,187,449

Asia(Thousands of yen)

Europe3,906,187

Other areas

417,864

Total

210,356

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

8,267,321
14.4

47.2

5.1

2.5

North America
Overseas sales

1,524,413

Asia

Europe4,868,692

Other areas

506,095

203,206

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

69.2(Thousands of yen)First Six Months of FY2016 (from April 1, 2015 to September 30, 2015)

I5,721,856

Total
7,102,409
9,919,506

49.1

15.4

8

5.1

2.0

71.6