FY2024

Investors Presentation
Standard Market of the Tokyo Stock Exchange
Security Code 6482

May 16, 2024
This document contains some estimates of future business performance. Such estimates should not be
construed as guarantees. Please note that future performance is subject to various risks and uncertainties,
and targets and projections may vary due to changes in the business environment.

Summary➢➢➢

FY2024 results-

Net sales increased (record high) due to increased sales in North
America and Europe and the impact of yen depreciation-

Operating profit decreased due to soaring raw material prices andaggressive investment in human resources.

FY2025 forecast-

Net sales are expected to increase due to the support of take-out
robot sales as well as sales increase of large-scale custom-ordered
medical equipment and palletizing robot-

Operating profit is expected to increase due to higher sales, despite
the rise in raw material prices and anticipated investment in humanresources for the future

Topics-Acquisition of 100% of the shares of WEMO AUTOMATION AB(Sweden) (May 2023)-

High performance palletizing robot - low height model launched(August 2023)© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

2

FY2024 Results
FY2023

AmountMil. YenFY2024

AmountChangeMil. Yen%

Net sales

22,373

23,615

5.6

Gross profit

9,573

9,788

2.2

Operating profit

2,639

2,437

(7.7)

Ordinary profit

2,787

2,586

(7.2)

Profit attributable toowners of parent

1,922

1,692

(12.0)

<%>
<%>
<%>

<%>

<Exchange rates>
USD

42.8%
11.8%

12.5%

8.6%

135.47 yen© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

41.5%
10.3%

11.0%

7.2%

144.62 yen

3FY2024 Results - Summary(+) Positive factor(–) Negative factor➢ 23,615 million yen, up 5.6% y/y

Robot sales, down 4.6% y/y(–) Slowdown in Asian markets, especially China(–) Sluggish global demand for injection molding machines

Net sales

Custom-ordered equipment sales, up 33.5% y/y(+) Steady demand for custom-ordered equipment in Japan and overseas(+) Large-scale custom-ordered medical equipment shipped and the sales recorded
Parts and Maintenance services, up 10.9% y/y(+) Price revised and exchange rate shift to a weaker yen➢ 2,437 million yen, down 7.7% y/yOperatingprofit(–) Raw material costs soared(–) Labor cost increased due to investment in people(+) Exchange rate shift to a weaker yen© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

4

FY2025 Forecast
FY2024

AmountMil. YenFY2025 (forecast)AmountChangeMil. Yen%

Net sales

23,61525,500

8.0

Gross profit

9,788

10,507

7.3

Operating profit

2,437

2,600

6.7

Ordinary profit

2,586

2,600

0.5

Profit attributable toowners of parent

1,692

1,800

6.4

<%>
<%>
<%>

<%>

<Exchange rates>
USD

41.5%
10.3%

11.0%

7.2%

144.62 yen© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

41.2%
10.2%

10.2%

7.1%

130.00 yen

5FY2025 Forecast - Summary(+) Positive factor(–) Negative factor➢ 25,500 million yen, up 8.0% y/y

Robot sales, up 9.6% y/y(+) Strong sales of medical and mobility
Net sales
Custom-ordered equipment sales, up 3.7% y/y(+) Sales of custom-ordered medical equipment remain strong(+) Continued demand for automation➢ 2,600 million yen, up 6.7% y/yOperatingprofit(+) Profit increases due to higher sales(–) Raw material costs soar(–) Labor cost increases due to investment in people© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

6

Sales by Product Category➢

Large-scale custom-ordered medical equipment recorded sales in FY2024➢

Increased sales of take-out robots and continued sales of large-scale custom-ordered medical
equipment expected(Millions of yen)

30,000(forecast)

25,50025,00020,00020,011
3,185

20,874
18,473
3,147

15,000

4,056

3,467

22,373
3,812

23,615
4,600

Parts and
Maintenance services

6,100

Custom-ordered
Equipment

4,228

3,124

4,406

5,882

14,282

14,154

13,504

14,800 Robots

'22/3

'23/3

'24/3

'25/3

3,422

10,0005,000

12,77011,904

'20/3

'21/3

0
© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

7

Sales by Region➢

Decreased in Japan and Asia, but increased in North America and Europe➢

Expect demand for automation to increase in Japan, Europe and Asia in FY2025.

(Millions of yen)

30,000(forecast)

25,50025,00020,00015,00020,011527

18,473

3,343

593

2,079

3,504
10,0005,000

20,874

2,395

8,159

492

4,103

22,373
653

4,674
1,333

23,615
1,086

500

Others

5,100

North America

4,300

Europe4,300

Other Asia

2,000

China/Taiwan

Japan

4,930

3,375

1,075

1,782

3,622

4,060

3,318

2,799

8,262

8,851

8,168

9,300

'22/3

'23/3

'24/3

'25/3

3,032

3,743

2,753

6,936

3,704

1,982

0
'20/3

'21/3

© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

8

Sales by End-User Industry➢

In FY2024, Medical grew in Europe and North America, and mobility also increased Y/Y.

➢

Expect increase in Medical and Mobility in FY2025 as well.

(Millions of yen)
30,000(forecast)

25,50025,00020,00020,011
478
2,110
1,276

15,000

1,966
465
3,617

10,00020,874
18,473
501
1,653

657
1,873

2,471

1,765
624

650

3,305

1,300 Others
2,000 Electrical appliance

1,291

1,215
1,802

1,782

1,825

2,300 Sundry products

1,314

1,350

1,496

23,61522,373

2,298
OpticalInstrument*

1,908
4,523

4,653

4,878

3,633

4,800 Electronics*

5,444
5,857

4,303

1,800 Containers

6,300 Medical

4,366

5,000
5,792

4,247

5,582

5,875

6,482

7,000 Mobility

'22/3

'23/3

'24/3

'25/3

0
'20/3

'21/3

 "Optical instruments" has been merged with “Electronics”.
© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

9

Sales by End-User Industry

Others5%
Electricalappliance
8%
Containers
8%

Mobility
28%

Sundryproducts
8%Electronics
19%

Medical25%

FY2024
Net sales23.6 billion yen© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

10

Capital Investment, Depreciation and R&D(Millions of yen)
2,000

Capital Investment

Depreciation

R&D Expenses

1,500

1,000

Old headquarters
renovation

Real estate acquisition

500

0

'20/3

'21/3

'22/3

'23/3

'24/3

'25/3 (forecast)

Capital Investment

198

125

846

319

350

968

Depreciation

703

643

585

521

599

708

R&D Expenses

369

347

367

399

492

572

© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

11

Management Policy, Business Strategy, and Management Goals
Business
Philosophy
VisionBasic
PolicyBusiness
Strategy

Medium- to
Long-Term
Management
Goals

Business Philosophy
Act fairly and judiciously with all of our “strength, wisdom and courage” inorder to earn the trust of our customers and shareholders.

VisionLook outward far and wide, constantly seek technological innovation and giveback to society for all it has given us.
Work cooperatively with our stakeholders in order for us to grow as acompany and make the world a better place both physically and spiritually.

A company that provides products and services thatdelight customers and earn their trust.
A company that contributes to society through its
business activities.
A company that provides rewarding and safe work.

Solving social issues andenvironmental changes
surrounding customers

We have set “Promotion of occupational safety,” “Productivity improvement of thecustomers' factory,” and “Tackling climate change" as materiality issues for sustainability
management, and we will continue our efforts to solve social issues and environmental
changes.

Creating economic value forstakeholders

We will work to increase the economic value of our stakeholders by creating profits forclient companies through the provision of automation equipment, coexistence and coprosperity through two-way communication with suppliers, and increasing shareholder
value.

Strengthening themanagement baseWe have set “Strengthening human capital” and “Strengthening corporate governance”
as materiality issues for sustainability management, and will strongly promote theestablishment of a foundation for medium- to long-term growth.

1. Investing in the Next
Generation of Human
Resources

2. Strengthen Global Sales
Capabilities

3. Strengthening Product
Capabilities

4. Develop New Businesses➢ CI Penetration "Above all, reachpeople's hearts"➢ Creativity improvement System➢ Enhancement of education
system➢ Increase market share in Europe➢ Focus on growth markets➢ Strengthen technical services➢ Addressing labor shortages in
the manufacturing industry➢ Responding to environmental
and safety issues➢ Expansion beyond
the injection molding
industry

Consolidated Net sales 30 billion yen (FY2027)
Management Indicators⚫ Operating profit margin of 15% or more
⚫ ROE 8 % or more

© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

(Reference) FY2024 results⚫ Consolidated Net sales:⚫ Operating profit margin:⚫ ROE:

23.6 billion yen
10.3%
5.1%

12

Cash Allocation (~FY2027)
1.

Strategic investment to create products and services that contribute tosolving social issues

2.

Proactive investment to expand market share of take-out robots

3.

Investments to achieve sustainable growth from a long-term perspective

4.

Promote initiatives that meet the expectations of stakeholders while
maintaining a strong financial base to prepare for agile and sustainable
investment
Cash Generation

Cash Utilization

Operating CF
7.0 billion yen

Human Capital Investing
Next Generation Growth Investing

Strategic
Investment

Capital and R&D Investment

Cash on hand
9.5 billion yen

Business operating funds

Increase working capital through increased sales

Shareholder return

Dividends (dividend ratio of 30% or more)© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

13

Strategy 1: Investing in the Next Generation of Human Resources➢Promote initiatives to strengthen human capital centered on the penetration of our corporate philosophy➢Build CI and human resource development policy on the concept of "Above all, reach people's hearts“➢Creating an organization that leverages the values and perspectives of diverse human resources➢Enhance education system to support employees throughout their careers➢Technical training program(including e-learning), leadership training program, and training program for

managers➢Create an environment that makes work more rewarding and conformable➢Set up "Innovation Project Activity Proposal System" to develop creative and independent humanresources© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

14

Strategy 2: Strengthen Global Sales Capabilities➢

Sales expansion in Europe: Acquisition of 100% of the shares of WEMO
(Sweden) (May 2023)➢

Target leading companies in the world➢

Strengthening the technical service system

NPE exhibition in Florida in May, 2024
© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

15

Strategy 3, 4: Strengthening Product Capabilities / Develop New Businesses➢

Palletizing robot released (June, 2020)−

Acquire new customers mainly in food industry−

Emphasize the advantages - small-footprint and easy-access➢

Low height model launched (August 2023)➢

Dual-pallet model added (April 2024)

Dual-pallet

International Robot Exhibition (Tokyo, December 2023)© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

16

Sustainability Management - Environment

Numerical
goal

Contribution tocarbonneutrality

Developmentof energysaving
products

Scope 1&2 reduction target in Japan (compared to FY2021)
58%
64%

70%

Percentage of environmentally friendly vehicles in company-owned vehicles
36%
65%

77%

⚫
⚫
⚫
⚫

Support for TCFD recommendations
Started Scope 1,2,3 calculation (Japan,
overseas, supply chain)
Switching to electricity derived fromrenewable energies
Installation of solar panels at headquarters⚫ Establishment of supply chain CO2 emission reduction targets and study oftransition plan
⚫ Phased switchover to environmentally friendly vehicles, including EVs forcompany-owned vehicles⚫ Switching to renewable electricity at all bases in Japan⚫ Launching environmentallyfriendly products⚫ Smart ECO Vacuum⚫ RC-SE Series, YD Series•

Initiatives for arecyclingoriented society••

Introduction of electronic manifests inindustrial waste management
Paperless operations through more
efficient operations (24.7% reduction
from FY2021 level)
Recycling rate (94.7%)

Continuous development of environmentally friendly
products⚫ Identification of general waste emissions
and establishment of reduction targets⚫ Going paperless (25% reduction
compared to FY2021)⚫ Recycling rate (95% or more)•

Contribution tosociety~FY2031• Community cleanup
activities

Promotion of procurement activities

・持続可能な調達活動の推進
in line with the "YUSHIN Group
Procurement Guidelines"
・地域と連携した取組み• Initiatives in cooperation with local
・社員への教育
communities© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

⚫ Promote initiatives to reduce
general waste⚫ Going paperless (30% reduction
from FY2021 level)⚫ Recycling rate (95% or more)• Further promotion of
initiatives throughout the
supply chain

Contribution to a sustainable society~FY2027~FY2024

17

Sustainability Management - Human Rights➢Establishment of YUSHIN Group Human Rights Policy (July 2022)➢Support for the Ministry of Justice's "My Declaration of Human Rights"
Initiatives (August 2023)➢Establishment of YUSHIN Group Procurement Guidelines (February 2024)

Human rights training for directors and executives
Human Rights Risk Analysis© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

18

Return to Shareholders➢ Dividend Policy

In order to provide stable and continuous returns to shareholders, we aim for adividend payout ratio of 30% or more.
⚫ Raise the level of the common dividend by improving consolidated performance.
⚫

Annual dividends (yen)Dividend payout ratio (%)

35
Annual dividends per share*

30

Special and memorial dividend
50th
anniversary

Dividend payout ratio

25
20

15

30

18

18

15

17

17

18

18

20

19

20

10

Target

5
0
'15/3

'16/3

'17/3

'18/3

'19/3

'20/3

'21/3

'22/3

'23/3

*Annual dividends per share are calculated based on a two-for-one stock split effective April 1st, 2018.
© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

'24/3

'25/3
(forecast)19

Appendix

<Appendix> Company Profile
Company Name:YUSHIN PRECISION EQUIPMENT CO., LTD

Representative Director
and President:

Takayo Kotani

Established:

October, 1973

Capital:1,985 million yen

Number of employees:

787 (Consolidated, as of March 31, 2024)

Consolidated net sales:23.6 billion yen (FY2024)

Line of business:

Development, manufacture and sale of Cartesianrobots, other industrial equipment and systems forfactory automation

Listing:Standard Market of the Tokyo Stock Exchange

Securities code:

6482

Trading unit:

100© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

21

<Appendix> Our Strength
Technology

Broad Customer Base➢

High-speed take-out➢

Energy saving➢

Power to propose solutions➢

Customers in wide range ofindustries➢

Globalization➢

Branch out into new businesses

Human
CapitalManagement

Financial Strength

Reliability➢

Top market share➢

Strong balance sheet➢

Occupational safety➢

High equity ratio➢

Support capability➢

Fab-lite(Minimum production facility)© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

22

<Appendix> Change in Performance
Ordinary Profit(Millions of yen)

Net Sales(Millions of yen)
30,00010,000(forecast)

25,000Special demand of optical disc (2000s)
Years of globalization (1990s~2000s)

20,000

9,000
8,000
7,000
6,000

15,000

5,000
4,000

10,000

5,000

3,000
2,000
Entered the take-out
robot industry as thelatest entrant (1978)

1,000

0

Non-Consolidated Sales

0

Consolidated Sales

Non-Consolidated Ordinary Profit© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

Consolidated Ordinary Profit

23

<Appendix> Global Network

Sweden<Värnamo>South Korea<Siheung>

Canada<Toronto>

UK<Birmingham>

USA<Ohio>
USA<California>

USA<Rhode Island>
USA<Texas>

Germany<Munich>China<Tianjin, Yantai, Dalian>South Korea<Daegu>China<Shanghai>

China<Chongqing, Wuhan, Suzhou>

USA<North Carolina>

Turkey<Istanbul>

USA<Georgia>
MexicoChina<Guangzhou>

India<Gujarat,Pune,Gurgaon,Haridwar>
India<Bengaluru><Guanajuato><Subsidiaries>
1) South Korea
8) Malaysia
2) China<Shanghai>9) Thailand- Tianjin Office10) India- Suzhou Office11) UK
3) China<Shenzhen> 12) U.S.A.
4) China<Guangzhou>- Mexico Office5) Taiwan
13) Sweden
6) Indonesia- German subsidiary7) Vietnam

Japan

India<Chennai>
Thailand<Bangkok>
Malaysia<Penang>

Malaysia<Kuala Lumpur>

Taiwan<Taipei>
Taiwan<Taichung>

China<Shenzhen>
Philippines<Manila>

Vietnam<Hanoi>

Vietnam<Ho Chi Minh>

Indonesia<Jakarta>

Malaysia<Johor Bahru>

Australia<Melbourne>

New Zealand<Auckland>

Subsidiaries<Representative Office>1) Philippines

Branches, Representative offices, Technical service stations and Sole agents© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

24

<Appendix> Quarterly Trend of Orders Received and Order Backlog➢ Orders for robots did not show a strong recovery due to weak demand for injection molding machines

worldwide.
➢ Order backlog for custom-ordered equipment remained high.
Orders received(Millions of yen)

18,000

Robots

15,000

Custom-ordered equipment
Parts and maintenance services

12,000

9,638

9,000
6,000

3,000
0

5,640

5,351

5,635

858
868

824
839

969
1,269

3,914

3,687

3,396

3,405

’22/3
1Q

2Q

3Q

4Q

5,205
866
933

5,262
946
588

4,838

4,255

3,728

3,702

2Q

3Q

1Q

5,779

5,459

5,470

5,681

979
1,598

1,292
633

1,052
1,075

1,079
1,581

2,832

3,201

3,534

3,342

3,020

4Q

’24/3
1Q

2Q

3Q

4Q

11,097320

11,249
510

4,660
853
974

Order backlog
RobotsCustom-ordered equipment
Parts and maintenance services

12,000
9,000
5,508
224
1,777

5,900
261
1,854

5,785
307

5,589
259

2,204

2,209

3,505

3,784

3,273

3,120

’22/3
1Q

2Q

3Q

4Q

3,000
0

909
2,043

’23/3

(Millions of yen)

6,000

1,097

7,208

11,479
335

9,986
253

10,283
476

8,761
427

7,702
289

7,705
294

3,364

3,174

4,047

4,236

4,161

3,485

3,482

3,538

3,362

3,081

’23/3
1Q

2Q

3Q

4Q

’24/3
1Q

2Q

3Q

4Q

6,982

© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

6,247

7,295

7,200

6,445

5,252

25

<Appendix> Balance Sheets
Increase in intangible assets and inventory
due to acquisition of WEMO as a subsidiary➢(Millions of yen)

➢ Maintained high equity ratio and zero interest-

bearing debt

(Millions of yen)

Assets

45,000Investments andother assets

40,00045,000Liabilities, Net Assets
Notes and accounts
payable -trade

40,000Intangible assets

35,00035,00030,000Property, plantand equipment

30,00025,000

Others

25,00020,000Inventory

15,000

Other current
liabilities

Non-current
liabilities

20,00015,00010,000Notes andaccounts
receivable - trade

10,0005,000

Cash and deposits

5,000

0

'21/3

'22/3

'23/3

'24/3

Net worthNon-controllinginterests

0'21/3© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

'22/3

'23/3

'24/3

26

<Appendix> Change in Cash Flow
Major cash flow analysis (millions of yen)

Operating CF
119

Investing CF(2,519)Financing CF(1,070)Depreciation
Profit before+599
income taxes+2,561

Other
operating CF(147)

As of March
31, 2023
10,815Tradepayables
(885)

Other
current
liabilities Income taxes
Time
(734)
(1,274)
deposits Non-current
assets and(2)
Intangible
assets(338)

Effect ofexchange
rate change
on cash and
As of Marchcash
31, 2024
equivalents
8,045
+700

Purchase ofshares of
subsidiaries Dividends
Dividends(2,178)paid
paid to non(1,020)
controllinginterest(50)(Millions of yen)

<Change in cash flows from operating, investing, and financing activities>

'19/3

'20/3

'21/3

'22/3

'23/3

'24/3

Operating CF

2,291

3,558

3,487

2,083

4,605

119

Investing CF(61)(1,475)(1,987)(1,341)(299)(2,519)Financing CF(1,316)

(946)

(561)

(763)

(695)

(1,070)© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

27

<Appendix> Product Lineup (1)Sales ratio

Robots
FRA series<Traverse type>

HSA series<Traverse type>

57%

HST series<Traverse type>13,504 million yen
FY2024

RC series<Traverse type>

HOP series<Swing type>

YD series<Traverse type>

TSXA series<Side-Entry type>© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

SD series<Traverse type>

Palletizing series

28

<Appendix> Product Lineup (2)Custom-ordered Equipment
Flexiblemodule stocker

Gate cut stock system

In-mold system

Sales ratio

25%
5,882 million yen
FY2024

Parts and Maintenance services

Sales ratio

18%
4,228 million yen

FY2024© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

29

<Appendix> Performance and Price of Take-out Robots
Performance

FRA
HSA
TSXA
HST

High-end

High-cycle series

RC
YD
SD
HOP

High speed
High stiffness

Traverse type
<All axes servo driven>

Multi purpose
Energy saving

For Asian market
Energy saving

Swing type<Air driven>Price© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

30

<Appendix> ESG / SGDs
< Environmentally-Friendly Products >• Development of energy-saving products (Won the JMF’s
Energy-Efficient Machinery Award)
E
Environment < Efforts to Fight Climate Change and Decarbonize >• Switched to the power generated by renewable energy source• Information Disclosure based on TCFD recommendations

S

SocialRelated SGDs

< Human Rights >• YUSHIN Group Human Rights Policy and Classification of Risks< Working style reform for customer factories >• Supply of automation system for entire plant< Safety and Security>• Supply of robots with the highest safety standard of the world< Improvement of working environment >• Promotion of Safety and Health• Maternity leave and shorter working hours (better thanrequired by law)

< Governance Enhancement and Diversity >• 2 of 11 board members are women• 5 of 11 board members are from outside
G
Improvement of board of directors by effectiveness evaluation
Governance •• Nomination and Remuneration Committee chaired by an
external director© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

31

<Appendix> YUSHIN’s Target Products Are…

© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

32

<Appendix> Monthly Stock Price Trend over the past Decade
(yen)
2,000
A two-for-one stock split

1,800

1,600
Share buyback announced

1,400

1,200

1,000

800

600

400

© 2024 YUSHIN PRECISION EQUIPMENT CO., LTD.

33

Contact: Corporate Planning Office(E-mail) irinfo@kyo.ype.co.jp
www.ype.co.jp/en/
The IR site distributes explanatory meeting information and various materials.
http://ir.ype.co.jp/en/Top.html
You can also access from this QR code.

Notes:
This document contains some estimates of future business performance.
Such references should not be taken to be a guarantee. Please note that future
performance is subject to various risks and uncertainties, and goals and projections mayvary due to changes in the business environment.

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