< Translation >May 10, 2019

Consolidated Financial Results for the Fiscal Year
Ended March 31, 2019 <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:

Mayumi Kotani, President and Representative Director

Inquiries:

Masahito Fukui, Executive Officer and General Manager of Corporate Management Department
Tel: +81-75-933-9555 (from overseas)

Scheduled date of annual general shareholders’ meeting:June 21, 2019

Scheduled date to commence dividend payments:

June 4, 2019

Scheduled date to submit annual securities report:

June 26, 2019

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 FY2019 (from April 1, 2018 to March 31, 2019)(1) Consolidated operating results(Percentages indicate year-on-year changes)
Net sales

Operating income

Millions of yen%

Millions of yen%

Millions of yen

FY201921,833
4.6
2,760
17.0
FY201820,878
7.9
2,358
11.6
Note: Comprehensive income
FY2019: 1,962 million yen [16.8 %]Net income
per share

Diluted net income
per share
Yen

Net income attributable
to shareholders of theparentOrdinary income

Millions of yen

%

1,903
2,791
14.7
1,626
2,432
18.2
FY2018: 1,679 million yen [20.5 %]

17.0
17.9

Ratio of ordinary
income tototal assets

Return on equity

Yen

%

%

Ratio of operating
income tonet sales%%

FY2019
54.54
7.2
8.5
12.6
FY2018
46.51
6.3
7.7
11.3
Reference: Equity in earnings (losses) of affiliates
FY2019: - million yen
FY2018: - million yen
Note: The Company carried out a stock split on April 1, 2018, at a ratio of two shares per one common share.
Accordingly, Net income per share has been calculated presuming that this stock split was carried out at the start ofthe previous consolidated fiscal year.

(2) Consolidated financial position
Total assets
As of March 31, 2019
As of March 31, 2018

Net assets

Net assets
per share

Equity ratio

Millions of yen

Millions of yen%

Yen

33,19732,572

27,117
26,47280.9
80.6

783.03750.37

Reference: Equity capital (Net assets less Non-controlling interests)
As of March 31, 2019: 26,861 million yen
As of March 31, 2018: 26,243 million yen
Note: The Company carried out a stock split on April 1, 2018, at a ratio of two shares per one common share.
Accordingly, Net assets per share has been calculated presuming that this stock split was carried out at the start of theprevious consolidated fiscal year.

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 provided by(used in) financing
activities

Cash and cash
equivalents
at end of period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

2,291
1,223

(61)
(2,511)(1,316)
(659)

4,669
3,763

FY2019FY2018

2. Cash Dividends
Annual dividends per share
1Q
Yen

2Q

3Q

Yen

4Q

Yen

Yen

Total
Yen

Total cash
dividends(annual)Dividend payout
ratio(consolidated)

Millions of yen

Ratio ofdividends to net
assets(consolidated)%%

FY201815.00
18.00 33.00
577
35.5
FY20198.00
9.00 17.00
588
30.9
FY2020
8.00
10.00
18.00
31.7
(Forecast)
Note: The Company carried out a stock split on April 1, 2018 at a ratio of two shares per one common share.
The actual dividend amount prior to the stock split is noted here for FY2018.

2.2
2.2

3. Consolidated Earnings Forecasts for the FY2020 (from April 1, 2019 to March 31, 2020)
Net sales

Operating income(Percentages indicate year-on-year changes)
Net income attributable
Net income
to shareholders
per shareof the parent

Ordinary
incomeMillionsof yen%Millionsof yen%Millionsof yen%Millionsof yen%YenFirst six months
ending September
30, 2019

10,500

(0.8)

1,250

3.9

1,250

1.7

900

4.5

26.24

FY202022,000

0.8

2,800

1.4

2,800

0.3

1,950

2.4

56.84

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying
changes in scope of consolidation): None
(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
As of March 31,
35,638,066 As of March 31,
35,638,066
at the end of the period
2019
shares 2018
Shares(including shares of treasury stock)2) Number of shares of treasury stock
As of March 31,
1,333,548 As of March 31,
663,964
at the end of the period
2019
shares 2018
Shares3) Average number of outstanding shares
34,901,663
34,974,410
FY2019FY2018during the period
sharessharesNote: The Company carried out a stock split on April 1, 2018, at a ratio of two shares per one common share.
Accordingly, Number of issued shares (common stock) has been calculated presuming that this stock split was
carried out at the start of the previous consolidated fiscal year.

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the FY2019 (April 1, 2018 - March 31, 2019)(1) Non-consolidated operating results
Net sales
Millions of yen

FY2019FY2018(Percentages indicate year-on-year changes)
Ordinary income
Net income

Operating income%

17,474
16,724

Millions of yen%

Millions of yen%

Millions of yen

%

2,045
1,409

45.2
10.2

2,570
2,091

22.9
21.4

1,889
1,611

17.3
27.0

4.5
7.6

Net income per share

Diluted net income per
share

Yen

Yen

FY201954.13
FY201846.07
Note: The Company carried out a stock split on April 1, 2018, at a ratio of two shares per one common share. Accordingly,
Net income per share has been calculated presuming that this stock split was carried out at the start of the previous
consolidated fiscal year.

(2) Non-consolidated financial position
Total assets

Total net assets

Net assets
per share

Equity ratio

Millions of yen

Millions of yen%

Yen

As of March 31, 2019

28,635

24,774

86.5

722.19As of March 31, 2018

28,58524,20484.7

692.06

Reference: Equity capital (Net assets)
As of March 31, 2019: 24,774 million yen
As of March 31, 2018: 24,204 million yen
Note: The Company carried out a stock split on April 1, 2018, at a ratio of two shares per one common share. Accordingly,
Net assets per share has been calculated presuming that this stock split was carried out at the start of the previous
consolidated fiscal year.
* This financial information included in this summary is out of scope of audit procedure.
* Cautionary statement with respect to forward-looking statements and other special remarks
The forecast above is based on the information currently available. A number of factors could cause actual results todiffer materially from expectations. For more information about these assumptions and notes regarding the use of
earnings forecasts, please refer to “1. Overview of operating results, (4) Business forecasts” on page 3 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. Overview of Operating Results ·······························································································2(1) Overview of operating results for the fiscal year ended March 31, 2019 ············································2(2) Overview of financial condition for the fiscal year ended March 31, 2019 ··········································2(3) Overview of cash flow for the fiscal year ended March 31, 2019·····················································3(4) Business forecasts ··········································································································3
2. Selection of Accounting Standards ···························································································33. Consolidated Financial Statements and Major Notes ······································································4(1) Consolidated balance sheets ·······························································································4(2) Consolidated statements of income and consolidated statements of comprehensive income······················6Consolidated statements of income ·······················································································6Consolidated statements of comprehensive income ·····································································7(3) Consolidated statements of changes in net assets ······································································8(4) Consolidated statements of cash flows ················································································· 10(5) Notes to consolidated financial statements ············································································· 11
Notes related to regarding premise of going concerns ································································ 11
Changes in presentation ·································································································· 11
Segment information etc. ································································································· 11
Per share indexes ·········································································································· 13
Significant subsequent events ···························································································· 13
Order, backlog and sales ·································································································· 14
Overseas sales ·············································································································· 14
4. Other ··························································································································· 151YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

1. Overview of Operating Results(1) Overview of operating results for the fiscal year ended March 31, 2019
Regarding the global economy during this fiscal year under review, the moderate economic expansion continued
despite concerns on trade friction between United States and China is rising. In the United States, employ
environment continues to improve and personal consumption remained steady. In Europe as well, the economy
remained generally firm due to improvement of employment and income conditions. In Asian region, although theeconomy as a whole remained steady, the slowdown in China became evident.
Under these circumstances, YUSHIN Group has continued to develop new customer base on global scale.
Regarding the outcome for this fiscal year under review, sales of Take-out robots were good in Japan, North
America, etc. despite slowdown in China, and resulted at the same level as previous fiscal year. Net sales increased
by 4.6% year on year to 21,833 million yen as a result of strong sales of custom-ordered equipment both in Japanand overseas. Operating income increased by 17.0% year on year to 2,760 million yen, owing to reductions in
depreciation expenses and normalization of development costs that was concentrated to new product development
etc. although there was purchase price increase due to difficulties in procuring parts in the first half. Ordinary
income increased by 14.7% year on year to 2,791 million yen, and net income attributable to shareholders of theparent increased by 17.0% year on year to 1,903 million yen.
In this fiscal year, our high-end Take-out robot "FRA" was highly valued for its active vibration control function,
and was awarded “The Japan Society of Mechanical Engineers Medal for New Technology”. In addition, FRA wasawarded "red dot design award" which is internationally authoritative award and "Machine Design Award"
sponsored by Nikkan Industrial Newspaper for its valued product design. Furthermore, it was also awarded "theJMF’s Energy-Efficient Machinery award" for its energy saving performance being highly evaluated.
Operating result by product category< Take-out robots >Net sales of take-out robots increased by 62 million yen (0.4%) from theprevious FY to 15,512 million yen.
< Custom-ordered equipment >Net sales of custom-ordered equipment increased by 675 million yen (30.6%)
from the previous FY to 2,880 million yen owing to sales growth in both Japanand overseas.
< Parts and maintenance service > Net sales of parts and maintenance service increased by 216 million yen (6.7%)
from the previous FY to 3,440 million yen.
Operating result by segment category< Japan >Net sales increased by 4.5% from the previous FY to 17,474 million yen and operating income
increased by 45.2% from the previous FY to 2,045 million yen.
< North America > Net sales increased by 7.5% from the previous FY to 3,441 million yen and operating income
increased by 17.9% to 307 million yen.
< Asia >Net sales decreased by 7.0% from the previous FY to 5,200 million yen and operating income
decreased by 12.3% to 533 million yen.
< Europe >Net sales increased by 31.4% from the previous FY to 917 million yen and operating income
decreased by 37.4% from the previous FY to 81 million yen.

(2) Overview of financial condition for the fiscal year ended March 31, 2019
< Assets >Total assets increased by 624 million yen from the end of the previous fiscal year to33,197 million yen. This was mainly due to increase of 707 million yen in Cash and deposits.
< Liabilities > Total liabilities decreased by 21 million yen from the end of the previous fiscal year to 6,079
million yen.
< Net assets > Net assets increased by 645 million yen from the end of the previous fiscal year to 27,117
million yen due to increase of Retained earnings by 1,308 million yen.

2

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(3) Overview of cash flow for the fiscal year ended March 31, 2019
The balance of cash and cash equivalents on March 31, 2019 increased by 905 million yen from the end of
the previous fiscal year to 4,669 million yen. Main reasons are as follows.
< Cash flow from operating activities >Income before income taxes was 2,783 million yen. After deducting 933 million yen in Income taxes paid, cash
flow from operating activities for the fiscal year ended March 31, 2019 was a net inflow of 2,291 million yen (itwas a net inflow of 1,223 million yen in the previous fiscal year).
< Cash flow from investment activities >Due to Purchase of property, plant and equipment by 193 million yen, cash flow from investment activities forthe fiscal year ended March 31, 2019 was a net outflow of 61 million yen (it was a net outflow of 2,511 million yen
in the previous fiscal year).
< Cash flow from financing activities >Due to Purchase of treasury stock by 684 million yen and Cash dividends paid of 594 million yen, cash flowfrom financing activities for the fiscal year ended March 31, 2019 was a net outflow of 1,316million yen (it was a
net outflow of 659 million yen in the previous fiscal year).

(4) Business forecasts
Regarding the future global economy, uncertainty is increasing, because there are many uncertain factors suchas trade friction between United States and China and political instability in Europe.
Under these circumstances, YUSHIN Group will strive to expand sales of differentiated Take-out robots andimprove brand value. In addition, by establishing a European subsidiary, we will expand sales channels andexpand our service in Europe. In Custom-ordered equipment business, we will continue to expand sales anddevelop new businesses to meet the growing automation needs in and outside Japan. Furthermore, we will
strengthen collaboration among divisions to improve productivity, work styles, and accelerate cost reduction
activities.
The forecast for the current fiscal year ending March 2020 is as follows.
(Consolidated Earnings Forcasts)
Net sales
Operating income
Ordinary income
Net income attributable to shareholders of the parent

22,000 million yen
2,800 million yen
2,800 million yen
1,950 million yen

Y/Y 0.8%
Y/Y 1.4%
Y/Y 0.3%
Y/Y 2.4%

2. Selection of Accounting Standards
YUSHIN plans to continue its policy of generating consolidated financial statements according to Japanesestandards in consideration of the fact YUSHIN does not conduct global funding and to enable the comparison withother Japanese companies in the same sector.
With regard to the adoption of IFRS, YUSHIN will take into account the situation across various domestic andinternational markets and take appropriate action.

3

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

3. Consolidated Financial Statements and Major Notes(1) Consolidated balance sheets<ASSETS>
Current assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Consumption taxes receivable
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Machinery, equipment and vehicles
Land
Construction in progress
Other
Total property, plant and equipment
Intangible assets
Other
Total Intangible assets
Investments and other assets
Investment securities
Retirement benefit asset
Deferred tax asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

4

As of March 31, 2018

(Thousands of yen)
As of March 31, 2019

5,655,106
7,042,925
825,365
1,117,029
3,542,893
197,063
567,362(20,501)
18,927,595

6,362,933
6,844,705
717,394
1,696,139
3,619,833
34,295
707,880(18,327)
19,964,853

5,424,201
162,285
6,133,446
4,855
158,631
11,883,420

4,995,284
147,766
6,130,716
8,549
126,148
11,408,464

494,152
494,152

429,392
429,392

276,387
274,331574,606
162,895(20,501)
1,267,720
13,645,293
32,572,888

218,062
294,037
705,335
196,910(19,795)
1,394,549
13,232,406
33,197,260

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(Thousands of yen)
<LIABILITIES>Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
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
Provision for retirement benefits for directors
Retirement benefit liability
Deferred tax liabilities
Other
Total non-current liabilities
Total liabilities<NET ASSETS>
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
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

5

As of March 31, 2018

As of March 31, 2019

1,764,363
1,140,929
505,356
608,628
1,175,887
256,847
29,840145,325
270,318
5,897,496

1,331,229
1,035,982
492,256
523,827
1,755,449
273,647
37,520147,609
262,5435,860,064

66,78051,48632,85552,236203,358
6,100,854

66,78065,72337,32449,882219,710
6,079,775

1,985,666
2,023,903
22,270,517(354,848)
25,925,238

1,985,666
2,023,903
23,579,393(1,039,026)
26,549,936

97,10356,815

164,323
56,982
318,409228,385
26,472,034
32,572,888

184,923
69,743
311,482
256,066
27,117,484
33,197,260

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(2) Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Thousands of yen)
FY2019FY2018Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest and dividends income
Subsidy income
Other
Total non-operating income
Non-operating expenses
Sales discounts
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of non-current assets
Total extraordinary income
Extraordinary loss
Loss on sales and retirement of non-current assets
Other
Total extraordinary losses
Income before income taxes
Income taxes – current
Income taxes – deferred
Total income taxes

20,878,651
12,417,302
8,461,348
6,102,616
2,358,732

21,833,399
13,092,179
8,741,219
5,980,416
2,760,802

10,59789,26829,565
129,431

10,47849,49949,965
109,943647
54,302523
55,4732,432,690

1,105
77,406869
79,381
2,791,364

7,268
7,268

2,423
2,423

1,682
92
1,775
2,438,183
896,719(141,382)
755,3379,924
214
10,1382,783,649
930,324(110,525)
819,799

Net income
Net income attributable to non-controlling interests
Net income attributable to shareholders of the parent

1,682,846

1,963,849

56,077
1,626,768

60,414
1,903,435

6

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

Consolidated statements of comprehensive income(Thousands of yen)
FY2019FY2018Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustments
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable to shareholdersof the parent
Comprehensive income attributable tonon-controlling interests

7

1,682,846

1,963,849

38,558(31,028)(10,716)(3,187)
1,679,659(40,288)
26,03812,760(1,489)1,962,360

1,615,641

1,896,507

64,01765,852

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(3) Consolidated statements of changes in net assets
FY2018(Thousands of Yen)
Shareholders’ equity

Balance at the beginning ofcurrent period
Changes of items during theperiodDividends from surplus
Net income attributable toshareholders of the parent
Purchase of treasury stock
Net changes of items otherthan shareholders’ equity
Total changes of items during
the period
Balance at the end of current
periodCapital stock

CapitalSurplusRetainedearnings

Treasurystock

1,985,666

2,023,903

21,273,290(353,994)

Total
Shareholders’equity24,928,866(629,542)(629,542)

1,626,768

1,626,768
(853)

(853)

-

-

997,226(853)

996,372

1,985,666

2,023,903

22,270,517(354,848)

25,925,238

Accumulated other comprehensive income

Balance at the beginning ofcurrent period
Changes of items during theperiodDividends from surplus
Net income attributable toshareholders of the parent
Purchase of treasury stock
Net changes of items otherthan shareholders’ equity
Total changes of items during
the period
Balance at the end of current
periodValuationdifference
on availablefor-salesecurities

Foreigncurrencytranslation
adjustment

Remeasurements ofdefinedbenefit plans

Total
accumulated
othercomprehensi
ve income

Noncontrollinginterests

Total net
assets58,545203,291

67,699329,536

193,315

25,451,718(629,542)
1,626,768(853)
38,558(38,968)(10,716)(11,126)

35,07023,94338,558(38,968)(10,716)(11,126)

35,0701,020,316

97,103

164,323

56,982

318,409228,385

26,472,034

8

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)
FY2019(Thousands of Yen)
Shareholders’ equity

Balance at the beginning ofcurrent period
Changes of items during theperiodDividends from surplus
Net income attributable toshareholders of the parent
Purchase of treasury stock
Net changes of items otherthan shareholders’ equity
Total changes of items during
the period
Balance at the end of current
periodCapital stock

CapitalSurplusRetainedearnings

Treasurystock

1,985,666

2,023,903

22,270,517(354,848)

Total
Shareholders’equity25,925,238(594,559)(594,559)

1,903,435

1,903,435(684,178)(684,178)--

1,308,876(684,178)

624,697

1,985,666

2,023,903

23,579,393(1,039,026)

26,549,936

Accumulated other comprehensive income

Balance at the beginning ofcurrent period
Changes of items during theperiodDividends from surplus
Net income attributable toshareholders of the parent
Purchase of treasury stock
Net changes of items otherthan shareholders’ equity
Total changes of items during
the period
Balance at the end of current
periodValuationdifference
on availablefor-salesecurities

Foreigncurrencytranslation
adjustment

Remeasurements ofdefinedbenefit plans

Total
accumulated
othercomprehensi
ve income

Noncontrollinginterests

Total net
assets97,103

164,323

56,982

318,409228,385

26,472,034(594,559)
1,903,435(684,178)(40,288)

20,60012,760(6,927)

27,68020,752(40,288)

20,60012,760(6,927)

27,680645,450

56,815

184,923

69,743

311,482

256,066

27,117,484

9

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(4) Consolidated statements of cash flows(Thousands of yen)
FY2019FY2018Net cash provided by (used in) operating activities
Income before income taxes
Depreciation and amortization
Increase (decrease) in allowance for doubtful
accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for directors’ bonuses
Increase (decrease) in net defined benefit asset andliability
Interest and dividends income
Loss (gain) on sales of securities and 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
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sales of investment securities
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities
Purchase of treasury stock
Cash dividends paid
Payment of dividends to Non-controlling 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

102,438,183
935,805

2,783,649
782,356

19,078(1,734)

3,985
7,130

16,798
7,680

1,114

13,929(10,597)(10,478)-9(536,847)

175,208(1,661,229)(540,161)(111,148)(518,717)

402,543
129,081
1,617,100
8,858(402,508)

592,418(86,893)3,214,062
11,006(933,763)

1,223,450

2,291,306(1,846,300)(572,252)
53,997(147,118)(124)(2,511,797)(1,653,208)
1,850,000(193,299)
8,651(74,006)(92)
234(61,720)(853)(629,409)(28,946)(659,210)(684,178)(594,412)(38,172)(1,316,763)

20,213(7,077)(1,927,344)
5,690,647
3,763,302

905,7443,763,302
4,669,046

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(5) Notes to consolidated financial statements
Notes related to regarding premise of going concerns
Non applicable

Change in presentation(Application of “Partial amendments to “Accounting standards regarding to tax effect accounting””)
According to “Partial amendments to “Accounting standards regarding to tax effect accounting” (BusinessAccounting Standard No. 28, February 16, 2018), etc., which we applied from the beginning of this fiscal year,
deferred tax assets are classified as investments and other assets, and deferred tax liabilities are classified as
Fixed liabilities.
Segment information etc.
a. 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. In thedomestic market, these operations are handled by the Company; overseas markets - North America, Asia
(South Korea, Taiwan, China, Indonesia, Vietnam, Malaysia, Thailand and India) and Europe (UK) - areserviced by local subsidiaries, including Yushin America Inc. (US), Yushin Korea Co., Ltd. (South
Korea) and Yushin Automation Ltd. (Europe). The local subsidiaries are independently managed units,with separately drafted strategies and activities.
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.
2. Method of calculating sales and profit (loss), identifiable assets, and other items by business segment
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.

11

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)
3. Information related to sales and profit (loss), identifiable assets, and other items for each reportablesegment
FY2018 (from April 1, 2017 to March 31, 2018)(Thousands of yen)

Reportable segment
Japan
Net sales
Sales tocustomers
Inter-segment
sales or transfers

North
America

Asia

Europe

Total

Adjustment*1

Amounts
shown onconsolidated
statements ofincome *2

11,736,388

3,159,188

5,286,816

696,257

20,878,651-

20,878,651

4,987,881

41,702306,372

2,316

5,338,272(5,338,272)

-

Total

16,724,269

3,200,891

5,593,188

698,574

26,216,924(5,338,272)

20,878,651

Segment profit

1,409,044

260,595

607,949

130,938

2,408,528(49,796)

2,358,732

Segment assets

23,310,440

2,172,493

4,327,952

1,552,877

31,363,763

1,209,125

32,572,888

Other items
Depreciation and
845,006
38,021
24,215
17,541
924,784
11,021
935,805
amortization
Increment oftangible &612,179
19,734
15,595
4,634
652,143
652,143
intangible assets*Notes 1: Adjustment is as follows.
(1) The (49,796) thousand yen adjustment to segment profit includes eliminations for inter-segment
transactions of 36,773 thousand yen and inventory adjustments of (86,570) thousand yen.
(2) The 1,209,125 thousand yen adjustment to segment assets includes eliminations for inter-segment
transactions of (3,119,305) thousand yen and operating funds of surplus assets by the Company (cash anddeposits) and long-term investments funds (investments securities) of 4,328,430 thousand yen.
*Notes 2: Segment profit is adjusted to be consistent with operating income shown on the consolidated statements of income.
FY2019 (from April 1, 2018 to March 31, 2019)(Thousands of yen)

Reportable segment
Japan
Net sales
Sales tocustomers
Inter-segment
sales or transfers

North
America

Asia

Europe

Total

Adjustment*1

Amounts
shown onconsolidated
statements ofincome *2

12,581,843

3,412,629

4,924,642

914,283

21,833,399-

21,833,399

4,892,377

28,806

275,678

3,679

5,200,542(5,200,542)

-

Total

17,474,221

3,441,436

5,200,320

917,963

27,033,941(5,200,542)

21,833,399

Segment profit

2,045,337

307,226

533,055

81,935

2,967,555(206,752)

2,760,802

Segment assets

22,684,398

2,159,515

3,987,955

2,051,971

30,883,841

2,313,419

33,197,260

Other items
Depreciation and702,174
34,36925,346
16,455778,344
4,011
782,356
amortization
Increment oftangible &210,977
7,340
20,116
18,063
256,496
256,496
intangible assets*Notes 1: Adjustment is as follows.
(1) The (206,752) thousand yen adjustment to segment profit includes eliminations for inter-segment
transactions of 25,481 thousand yen and inventory adjustments of (232,234) thousand yen.
(2) The 2,313,419 thousand yen adjustment to segment assets includes eliminations for inter-segment
transactions of (2,774,192) thousand yen and operating funds of surplus assets by the Company (cash anddeposits) and long-term investments funds (investments securities) of 5,087,611 thousand yen.
*Notes 2: Segment profit is adjusted to be consistent with operating income shown on the consolidated statements of income.

12

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)
Per share indexes(Yen)
FY2018FY2019Book-value per share (BPS)

750.37783.03

Earnings per share (EPS)

46.51

54.54

*Notes 1: Net income per share fully diluted is not shown since there is none.
*Notes 2: The Company carried out a stock split on April 1, 2018, at a ratio of two shares per one common share.
Accordingly, Book-value per share (BPS) and Earnings per share (EPS) have been calculated presuming that
this stock split was carried out at the start of the previous consolidated fiscal year.
*Notes 3: The bases for calculating Earnings per share (EPS) are followings.
(Thousands of yen)
FY2018Net income attributable to shareholdersof the parent

FY20191,626,768

1,903,435--

1,626,768

1,903,435

34,974,410 shares

34,901,663 shares

Amount not attributable to general shareholders
Net income attributable to shareholdersof the parent for common shares
Average number of shares*Notes 4: The bases for calculating Book-value per share (BPS) are followings.
(Thousands of yen)
As of March 31, 2018
Total net assets
Amounts deducted from total net assets(Portion of non-controlling interest)
Net assets at fiscal year-end applicable to commonsharesNumber of common shares at fiscal year-end usedin calculating book-value per share
Significant subsequent events
Non applicable13

As of March 31, 201926,472,034

27,117,484

228,385

256,066(228,385)(256,066)

26,243,648

26,861,418

34,974,102 shares

34,304,518 shares

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

Order, backlog and sales(1) Orders
1) Order received
Products(Thousands of yen)
FY2018FY2019Changes (%)

Take-out robots

15,996,507

15,549,415(2.8)

Custom-ordered equipment

3,486,984

3,679,328

5.5

Parts and maintenance service

3,264,489

3,418,311

4.7

Total

22,747,981

22,647,055(0.4)2) Backlog of orders
Products(Thousands of yen)
As of March 31, 2018

As of March 31, 2019

Changes (%)

Take-out robots

2,967,710

3,004,533

1.2

Custom-ordered equipment

2,321,910

3,120,502

34.4

Parts and maintenance service

247,306

225,547

(8.8)

Total

5,536,927

6,350,583

14.7(Thousands of yen)

(2) Net sales
Products

FY2018FY2019Changes (%)

Take-out robots

15,449,729

15,512,592

0.4

Custom-ordered equipment

2,204,986

2,880,736

30.6

Parts and maintenance service

3,223,934

3,440,070

6.7

Total

20,878,651

21,833,399

4.6

Overseas sales
FY2018 (from April 1, 2017 to March 31, 2018)
North
AmericaI

Overseas sales(Thousands of yen)

3,172,646

Asia

Europe8,062,572

687,412

Other areas
620,686

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

Overseas sales

15.2

38.6

3.3

3.0

60.1

(Thousands of yen)

3,233,505

Asia

Europe7,692,508

939,573

Other areas
663,028

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

12,543,317
20,878,651

FY2019 (from April 1, 2018 to March 31, 2019)
North
America
I

Total

Total
12,528,615
21,833,399

14.8

35.2

14

4.3

3.0

57.4

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

4. OtherAppointment and Retirement of Directors and Auditors
1. Representative
Non applicable
2. Other Members (Effective on June 22, 2019)(1) Director scheduled to retire
Yasuharu Odachi, Managing Director and Head of Research & Development H.Q.
(2) Corporate Auditor scheduled to retire
Yasuhiro Orita, Outside Corporate Auditor
End of Materials

15