Summary of Consolidated Annual Financial Results(based on Japan standard)(April 1, 2011 – March 31, 2012)
May 9, 2012
Company Name: Yushin Precision Equipment Co., Ltd.
Listing Exchanges: Tokyo stock exchanges, first section
Securities Code No.: 6482
URL http://www.yushin.com
Representative:
Mayumi Kotani, President
Contact:
Satoshi Kimura, Executive Managing Director
Phone:(81)-75-933-9168
Annual General Shareholders’ Meeting (Scheduled): June 27, 2012
Start of Distribution of Dividends (Scheduled): June 13, 2012
Filing of Securities Report (Yuka shoken houkokusho) (Scheduled): June 29, 2012
Note: This document has been translated from the Japanese original as a guide for non-Japanese investors
and contains forward-looking statements that are based on managements’ estimates, assumptions andprojections at the time of publication. A number of factors could cause actual results to differ materially fromexpectations. Amounts shown in this financial statement have been rounded down to the nearest million yenor thousand yen.

（Figures shown are rounded down to the nearest million yen）

1. Consolidated Business Results for the year ended March 31, 2012
(April 1, 2011– March 31, 2012)(1) Consolidated Operating Results

FY 2012FY 2011(Note: Percentage represents change from the same period of the previous fiscal year.)Net sales
Operating income
Ordinary income
Net income¥ millions%¥ millions%¥ millions%¥ millions%
14,240
13.3
1,272
15.9
1.265
20.0
778
6.6
729
49.7
12,567
1.6
1,097
45.8
1,055
20.9

Notes: Comprehensive income ¥695 millions (24.4%) as of March 31, 2012, ¥559 millions (-7.1%) as of March 31,
2011

Net income per share

Net income
per share
diluted

Yen
44.50
41.73

FY 2012FY 2011Net income onshareholders' equity

Yen
−
−

Ordinary
Operatingincome on total income on net
assets
sales

%
4.2
4.0

%
5.7
5.0

%
8.9
8.7

(Reference) Profit (or loss) arising from equity method: FY 2012: - million yen, FY 2011: - million yen(2) Consolidated Financial Position
Total assets
FY 2012FY 2011¥ millions
22,641
21,583

Net assets¥ millions
18,787
18,495Equity ratio

Net assets per share
%
82.8
85.5

Yen
1,072.24
1,055.42(Reference) Shareholders’ Equity: 18,753 million yen as of March 31, 2012, 18,459 million yen as of March 31, 2011

(3) Consolidated Cash Flows
Cash flows fromoperating activities

Cash flows frominvestment activities¥ millions
584
149

FY 2012FY 2011

Cash flows fromfinancing activities¥ millions(1,920)(254)¥ millions
(409)
(174)

Cash and cash
equivalents at end ofyear¥ millions
8,013
9,831

2. Dividends
Dividends per share
InterimYear end
Yen
Yen
5.00
13.00
10.00
10.00

Total
Yen
18.00
20.00

Dividends paid(annual)¥ millions
314
349

Payout ratio

Dividends
on equity
%
1.7
1.9

%
FY 201143.1
FY 201244.9
FY 2013
10.00
20.00
30.00
46.0
(Forecast)
Breakdown of the year-end dividend of FY 2013 (Forecast): Ordinary dividend of ¥10 per share and 40thyear commemorate dividend of ¥10 per share.

3. Forecast for the year ending March 31, 2013 (April 1, 2012– March 31, 2013)(Note: Percentage represents change from the same period of the previous fiscal year.)Net sales

2ndQuarter
AnnualOperating income

Ordinary income

Net income
per share

Net income¥millions%¥ millions%¥ millions％¥ millions

%

yen

7,800

5.0

730

1.3

730

0.7

450

1.8

25.73

17,600

23.6

1,930

51.6

1,930

52.5

1,140

46.5

65.18

4. Notes(1) Changes in Significant consolidated subsidiaries during the period: None
(2) Changes in accounting policies, Changes in accounting estimates and Restatement(a) Changes according to revision of accounting standard: None(b) Other than above: None(c) Changes in accounting estimates: None(d) Restatement: None
(3) Number of common shares outstanding
Total number of issued shares at March 31, 2012; 17,819,033 shares
March 31, 2011; 17,819,033 shares
Treasury stock at March 31, 2012; 328,960shares
March 31, 2011; 328,497 shares
Weighted average number of shares at March 31, 2012; 17,490,332 shares
March 31, 2011; 17,490,770 shares

(Reference)

1. Non-consolidated Business Results for the year ended March 31, 2012
(April 1, 2011– March 31, 2012)(1) Operating Results(Note: Percentage represents change from the same period of the previous fiscal year.)Net sales
Operating income
Ordinary income¥ millions%¥ millions%¥ millions%
13,104
12.0
954
24.0
1,107
24.5
11,703
1.6
770
(1.8)
889
4.2

FY 2012FY 2011Net income¥ millions
%
699
14.9
609
26.9

Net income per share
Yen
40.02
34.83

Total assets

Net assets

FY 2012FY 2011Net income per share/diluted
Yen-(2) Financial Position¥ millions
21,96821,283

FY 2012FY 2011Equity ratio¥ millions
18,45018,157

Net assets per share

%
84.0
85.3

Yen
1,054.92
1,038.11(Reference) Shareholders’ Equity: 18,450 million yen as of March 31, 2012, 18,157 million yen as of March 31,
2011

2. Forecasted Non-consolidated Financial Results for the Fiscal Year Ending
March 31, 2013 (April 1, 2012 – March 31, 2013)(Note: Percentage represents change from the same period of the previous fiscal year.)
OperatingincomeNet sales¥ million

Annual

16,200%23.6¥ million

1,633

%
71.0

Ordinary income¥ million

1,743

%
57.4

Net income¥ million

1,046

%
49.5

Net income
per share
Yen

59.82

* Presentation of situation of audit procedure
This financial information included in this summary is out of scope of audit procedure under the Financial
Instruments and Exchange Law of Japan. Audit procedure under the Financial Instruments and Exchange
Law of Japan has not been completed at the date of submission of this summary.
* Cautionary statement with respect to forward-looking statements
The forecasts above are based on the information currently available. A number of factors could cause
actual results to differ materially from expectations.

Contents of Attachments
1. Operating and Financial Review and Prospects・・・・・・・・・・・・・・・・・・・・・・・ 2(1) Analysis of Result of Operations ・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 2(2) Analysis of Financial Condition ・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 3(3) Basic Policy on Allocation of Profits・・・・・・・・・・・・・・・・・・・・・・・・・・・ 4
2. Management Policies・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 4(1) Fundamental Management Policy・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 4(2) Managerial Indicators for Targets・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 4(3) Medium and Long-Term Management Strategies・・・・・・・・・・・・・・・・・・・・・・ 4(4) Issues to be Addressed・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 4(5) Other Significant Management Issue・・・・・・・・・・・・・・・・・・・・・・・・・・・ 4
3. Consolidated Financial Statements・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 5(1) Consolidated Balance Sheets・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 5(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income・・ 7
Consolidated Statements of Income・・・・・・・・・・・・・・・・・・・・・・・・・・・ 7
Consolidated Statements of Comprehensive Income・・・・・・・・・・・・・・・・・・・・ 8(3) Consolidated Statements of Changes in Net Assets・・・・・・・・・・・・・・・・・・・・・ 9(4) Consolidated Statements of Cash Flows・・・・・・・・・・・・・・・・・・・・・・・・・・ 11
12(5) Events or Conditions Raising Significant Questions Regarding Assumption of Going Concerns(6) Additional Information・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 12(7) Notes to Consolidated Financial Statements・・・・・・・・・・・・・・・・・・・・・・・・ 12(Segment information)・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 12(Per share indexes)・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 14(Significant subsequent events)・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 14(Order, backlog and sales)・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 15(Overseas sales)・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 15
4. Non-Consolidated Financial Statements・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 16(1) Non-Consolidated Balance Sheets・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 16(2) Non-Consolidated Statements of Income・・・・・・・・・・・・・・・・・・・・・・・・・ 18(3) Non-Consolidated Statements of Changes in Net Assets・・・・・・・・・・・・・・・・・・・ 19
5. Other・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 21

11. Operating and Financial Review and Prospects(1) Analysis of Result of Operations①Overview of Business Environment in Fiscal Year ended March 31,2012(“this fiscal year”)
In this fiscal year as for the world economy, although the U.S. economy was on the recovery trend, theprospects were vague due to the anxiety about debt in Europe which caused the economic growth of theemerging countries plateau. The domestic economy was on the recovery trend led by the restoration demand
from the earthquake and yen’s appreciation, which weighed on the earnings of export industry, is on easing trend.
As for industries related to Yushin, demand from Asia and North America were strong. By industry, automotive,
home appliance, medical and daily products were strong.
Under these circumstances, Yushin Group linked demand from Southeast Asia to order, and increased sales
to the industries such as Automotive, electronic component, and optical and precision equipment. As a result,consolidated net sales increased by 13.3% from the previous FY to ¥14,240 million. By introducing new
products, operating income increased by 15.9% from the previous FY to ¥1,272 million, ordinary income
increased by 20.0% from the previous FY to ¥1,265 million and net income was by 6.6% from the previous FY
to ¥778 million despite the effects of yen’s appreciation.
Operating Result by Product Category for This Fiscal Year Compared to the Previous Fiscal Year
(Take-out robot)
Net sales of take-out robot increased by ¥135 million (1.5%) from the previous FY to ¥9,048 million as YC,
new product of flagship traverse type take-out, increased its sales after August although Chinese market was
weak.
(Custom-ordered equipments)
Net sales of custom-ordered equipments increased by ¥1,415 million (84.8%) from the previous FY to¥3,085 million thanks to the progress as planned in sales of disc related equipment, which was in the backlog oforders from the previous year, and the semiconductor related equipment.
(Parts and maintenance service)
Net sales of parts and maintenance service increased by ¥121 million (6.1%) from the previous FY to ¥2,105
million.
Operating Result by Segment Category for This Fiscal Year Compared to the Previous Fiscal Year
(Japan)Net sales increased by 12.0% to ¥13,104 and operating income increased by 24.0% to ¥954 million due togood performance of custom-ordered equipments.
(North America)
As for the subsidiary in the United States, net sales increased by 4.0% from the previous FY to US$ 22
million, but in yen, net sales decreased by 5.4% from the previous FY to ¥1,815 million. Operating income
increased by 0.9% to ¥178 million.
(Asia)Net sales increased by 33.1% from the previous FY to ¥2,713 million due to the good performance of thesubsidiaries in Korea and Thailand, but operating income decreased by 24.7% to ¥153 million due to the effectsof yen’s appreciation on imports from Japan.
(Europe)Net sales increased by 6.6% from the previous FY to ¥240 million and operating income increased by 75.7%
from the previous FY to ¥13 million.
②Business Forecasts for the Fiscal Year ending March 31, 2013
As for the business environment surrounding the Yushin Group, in Japan, demand is expected for industries
such as Automotive, electronic component and home appliance, and it is anticipated that capital investment on
power-saving equipment will grow due to the anxiety about power supply. Globally, it is anticipated that
Southeast Asia, Korea and North America will stay strong.

2Under these circumstances, Yushin Group will enhance the product lineup utilizing optimum design while
promoting receiving orders for general-purpose robot targeting at growing market and also robot for new
business categories. Profit increase is expected by sales increase in semiconductor related equipment and inoverseas subsidiaries. Furthermore, we will progress cost-cutting including purchasing from China.
Yushin forecasts its business performance, based on the current information available, as follows.
(¥ millions)
Net sales

Operating income

Ordinary income

Net income

17,600

1,930

1,930

1,140

(Y/Y 23.6 %)(Y/Y 51.6 %)(Y/Y 52.5%)(Y/Y 46.5%)

Consolidated(2) Analysis of Financial Condition
Overview of Assets, Liabilities and Net Assets
Total assets increased by ¥1,058 million from the end of the previous fiscal year to ¥22,641 million due to to
the increase of ¥1,890 million in land, ¥377 million in raw materials and supplies, ¥268 million in finishedgoods and ¥225 million in work-in-process. Cash and time deposits decreased by ¥1,906 million.
Total liabilities increased by ¥766 million from the end of the previous fiscal year to ¥3,854 million mainly
due to the increase of ¥395 million in trade notes and accounts payable.
Net assets increased by ¥291 million from the end of the previous fiscal year to ¥18,787 million due to therise of retained earnings by ¥376 million. Foreign currency translation adjustments decreased by ¥78 million.
Overview of Cash Flow
The balance of cash and cash equivalents on March 31, 2012 decreased by ¥1,818 million from the end of theprevious fiscal year to ¥8,013 million. Main reason is as follows.
(Cash flow from operating activities)
Income before income taxes and minority interests adjustment was ¥1,265 million, but due to the increase of¥428 million in receivables and ¥924 million in inventories and total amount of taxes of ¥349 million, cash flowfrom operating activities for the fiscal year ended March 31,2012 was a net inflow of ¥584 million(it was a net
inflow of ¥149 million in the previous fiscal year).
(Cash flow from investment activities)
Due to the purchases of property (¥2,008 million), cash flow from investment activities flow from investment
activities for the fiscal year ended March 31,2012 was a net outflow of ¥1920 million(it was a net outflow of¥254 million in the previous fiscal year).
(Cash flow from financing activities)
Due to the dividends paid of ¥402 million, cash flow from financing activities was a net outflow of ¥409
million(it was a net outflow of ¥174 million in the previous fiscal year).
(Reference) Trend of cash flow indexes
Equity ratio
Equity ratio basedon market price

FY 2008
72.2％

FY 2009
81.2％

FY 201087.8％

FY 201185.5%

FY 201282.8%

151.8％

91.1％

119.6％

123.0%

127.7%

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

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

2. Management Policies(1) Fundamental Management Policy
Yushin’s fundamental policy is to contribute widely to society through the creation of innovative technologythat enables customers to rationalize their production activities in plastic molding industry. Yushin conducts its
business so as to live up to the trust and expectations of its customers, shareholders, business partners and allother stakeholders.
(2) Managerial Indicators for Targets
Yushin has set medium-term targets of net sales of ¥30 billion and ordinary income of ¥5 billion, and as anearnings index, ordinary income on net sales of 15% or more.
(3) Medium and Long-Term Management Strategies
Yushin aims at becoming number one across the board in the “take-out robot” industry, by speedilydeveloping products differentiated by their quality and superiority that meet our customer needs, and by
conducting business even more aggressively in the global market.
This will be achieved by the following product strategies:
1) Yushin has developed high-speed take-out robot utilizing optimum design technology in 2010. This
technology will be applied hereafter to general purpose take-out robot. It is the technology which canlargely contribute to power-saving by reducing weight and power consumption. Yushin will offer
information of the definitely-differentiated products by appealing the performance superiority such as
high-speed, light weight and power-saving.
2) Develop businesses in the semiconductor-related and medical-related area as new domains thathave technological synergies.
Market strategies are as follows:
1) Yushin has developed a sales and service network for take-out robots in Japan, the U.S, Asia, andEurope. Expand and strengthen the network in areas where business is expected to grow, including
Inland China, India, Mexico and Brazil, to develop a global business that can adequately respond toworldwide customer purchases.
2) Yushin will increase of supplies from Guangzhou Factory in China to prepare the sales expansion
in China.
3) Start businesses in new domains so as to generate sales-related synergies.
(4) Issues to be Addressed
In the existing business area, Yushin must reinforce its products including price competitiveness, andstrengthen its power of global marketing. In the new business area, aiming to establish multiple core businesses,
Yushin must develop new products that can manifest technological and/or sales synergies.
(5) Other Significant Management Issue
There is no other significant management issue.

43. Consolidated Financial Statements(1) Consolidated Balance Sheets
Term(Units: ¥thousands; rounded down)

Previous year
(as of March 31, 2011)

Current year
(as of March 31, 2012)

ChangeAccount
Amount%Amount%Amount74.9(685,059)(ASSETS)I Current assets

17,649,250

81.8

16,964,191

Cash and time deposits

9,653,652

7,747,068(1,906,583)

Trade notes and accounts
receivable

4,288,949

4,670,510

381,560

Securities

300,000

300,000-

Finished goods

630,010898,193

268,182

Work-in-process

630,728

856,105

225,377

1,483,591

1,861,430

377,839

Deferred tax assets

339,504

365,173

25,668Others

340,574

283,833(56,741)

Allowance for doubtful
accounts(17,760)(18,123)(362)

Raw materials and Supplies

II Fixed assets

3,934,383

18.2

5,677,481

25.1

1,743,098

Property, plant andequipment

3,328,129

15.4

5,105,19522.5

1,777,065

Buildings and structures

1,046,615

994,896(51,719)

40,094

37,664(2,429)Land

2,044,977

3,935,369

1,890,391

Others196,442

137,264(59,177)

Intangible assets

91,4500.4

81,1470.4(10,302)

Investments and otherassets514,803

2.4

491,139

2.2(23,664)

Investment securities

250,994

241,443(9,550)

Others301,971288,285(13,686)

Allowance for doubtful
accounts(38,162)(38,589)(427)

Machinery and automobiles

Total

21,583,634

5

100.0

22,641,673

100.0

1,058,039

(Units: ¥thousands; rounded down)Term
Account(LIABILITIES)I Current liabilities
Trade notes and accounts
payablesPrevious year
(as of March 31, 2011)

Current year
(as of March 31, 2012)

ChangeAmount%Amount%Amount2,965,436

13.7

3,728,298

16.5

762,861

1,918,405

2,314,053

395,647

Accounts payables-other

371,087

468,424

97,337

Income tax payable

154,462

300,968

146,505

Accrued employees' bonuses

179,000

180,000

1,000

Accrued bonuses to directors

13,68016,9503,270

Warranty reserve

104,517

104,897

379

1,587

3,465

1,878

222,695

339,538

116,843

Deferred tax liabilities
OthersII Long-term liabilities
Liabilities for retirement
benefits of directors
OthersTotal liabilities

122,3930.6

126,030

0.5

3,636

66,78066,780-55,61359,2503,636

3,087,830

14.3

3,854,328

17.0

766,498

18,911,854

87.6

19,287,162

85.2

375,308(NET ASSETS)
I Shareholders' equity
Common stock

1,985,666

1,985,666-

Capital surplus

2,023,903

2,023,903-

Retained earnings

15,249,493

15,625,496

376,002

Treasury stock(347,208)(347,903)(694)

II Cumulative total of
consolidated othercomprehensive income

Unrealized gain on
available-for-sale securities
Foreign currency translation
adjustments
III Minority interests(451,949)(2.1)(533,596)(2.4)(81,647)

51,05647,576(3,479)(503,005)(581,173)(78,168)

35,8980.2

33,7780.2(2,119)Total Net Assets

18,495,803

85.7

18,787,344

83.0

291,540

Total

21,583,634

100.0

22,641,673

100.0

1,058,039

6

(2) Consolidated Statements of Income and Consolidated Statements ofComprehensive Income
Consolidated Statements of Income(Units: ¥ thousands; rounded down)

Previous year
(April 1, 2010 toMarch 31, 2011)%
Amount12,567,648
100.0
7,709,299
61.3
4,858,348
38.7

Current year
(April 1, 2011 toMarch 31, 2012)%
Amount14,240,008
100.0
8,810,071
61.9
5,429,937
38.1

3,760,493

29.9

4,157,042

29.2

396,548

Operating income

1,097,855

8.8

1,272,895

8.9

175,039

Non-operating income
Interest and dividend
OthersNon-operating expenses
Foreign exchange loss
Others80,62145,761
34,859123,375
119,408
3,967

0.6

68,85631,55637,30076,011
71,9104,101

0.5(11,764)(14,205)
2,440(47,363)(47,498)
134

Ordinary income

1,055,101

8.4

1,265,740

8.9

210,639

Extraordinary income
Gain on sales of tangible fixed
assetsGain on sales of investment insecurities

806

0.0

2,290

0.0

1,483

Extraordinary expenses

418

Term
Account
Net sales
Cost of sales
Gross profit
Selling, general andadministrative expenses

Loss on disposals of tangible
fixed assets
Loss on revaluation of
investment in securities
Income before income taxes
and minority interests
Income taxes
Current
Deferred

1.0

0.5

ChangeAmount
1,672,360
1,100,771
571,588

24

1,662

1,637

782

627

(154)

0.0

2,938

0.0

2,519

418

2,350

1,931

-

588

588

1,055,488

8.4

1,265,092

8.9

209,603341,630(28,515)

2.7
(0.2)

504,481(20,135)

3.5
(0.1)

162,851
8,379

Income before minority
interests

742,373

5.9

780,746

5.5

38,372

Minority interests

12,539

0.1

2,462

0.0

(10,077)

Net income

729,833

5.8

778,283

5.5

48,4497

Consolidated Statements of Comprehensive Income(Units: ¥ thousands; rounded down)
Previous year

Current year

(April 1, 2010 to March 31,
2011)(April 1, 2011 to March 31,
2012)742,373

780,746

38,372(17,318)(3,479)13,839(165,797)(81,583)

84,214(183,116)(85,062)

98,053559,257

695,683

136,426

547,998

696,636

148,637

11,258(952)(12,210)

Income before minority interests
Other comprehensive income
Valuation difference on
available-for-sale securities
Foreign currency translation
adjustment
Other comprehensive income Total
Comprehensive income
Comprehensive income attributableto:Shareholders of the Parent
Company
Minority interest

8

Change(3) Consolidated Statements of Changes in Net Assets(Units: ¥ thousands; rounded down)
Previous year

Current year

(April 1, 2010 to March 31, 2011)(April 1, 2011 to March 31, 2012)

1,985,666

1,985,666--

1,985,666

1,985,666

2,023,903

2,023,903--

2,023,903

2,023,903

14,694,569

15,249,493(174,909)(402,280)

729,833

778,283

554,924

376,002

15,249,493

15,625,496(346,098)(347,208)(1,110)(694)(1,110)(694)(347,208)(347,903)

18,358,040

18,911,854

Dividend on surplus(174,909)(402,280)

Net Income

729,833

778,283(1,110)(694)

553,813375,308

18,911,854

19,287,162

Shareholder’s Equity
Common stock
Balance as of end of the previous
periodChanges in the current period
Total change in the current period
Balance as of end of the current
periodCapital surplus
Balance as of end of the previous
periodChanges in the current period
Total change in the current period
Balance as of end of the current
periodRetained earnings
Balance as of end of the previous
periodChanges in the current period
Dividend on surplus
Net Income
Total change in the current
periodBalance as of end of the current
periodTreasury stock
Balance as of end of the previous
periodChanges in the current period
Acquisition of treasury stock
Total change in the current
periodBalance as of end of the current
periodTotal shareholder’s equity
Balance as of end of the previous
periodChanges in the current period

Acquisition of treasury stock
Total change in the current
periodBalance as of end of the current
period9

(Units: ¥ thousands; rounded down)
Previous year

Current year

(April 1, 2010 to March 31, 2011)(April 1, 2011 to March 31, 2012)

68,37451,056(17,318)(3,479)(17,318)
51,056(3,479)47,576(338,489)(503,005)(164,516)(78,168)(164,516)(78,168)(503,005)(581,173)(270,114)(451,949)(181,834)(81,647)(181,834)(81,647)(451,949)(533,596)

27,30035,898

8,598(2,119)8,598(2,119)35,89833,77818,115,226

18,495,803(174,909)
729,833(1,110)(402,280)
778,283(694)(173,236)(83,767)

380,577

291,540

18,495,803

18,787,344

Cumulative total of other comprehensive
incomeUnrealized gain on available-for-salesecurities
Balance as of end of the previous
PeriodChanges in the current period
Changes in items other thanshareholder’s equity
Total change in the current period
Balance as of end of the current period
Foreign currency translation
adjustments
Balance as of end of the previous
PeriodChanges in the current period
Changes in items other thanshareholder’s equity
Total change in the current period
Balance as of end of the current
PeriodCumulative total of consolidated othercomprehensive income
Balance as of end of the previous
PeriodChanges in the current period
Changes in items other thanshareholder’s equity
Total change in the current period
Balance as of end of the current
periodMinority interests
Balance as of end of the previous
periodChanges in the current period
Changes in items other thanshareholder’s equity
Total change in the current
periodBalance as of end of the current
periodTotal net assets
Balance as of end of the previous
periodChanges in the current period
Dividend on surplus
Net Income
Acquisition of treasury stock
Changes in items other thanshareholder’s equity
Total change in the current
PeriodBalance as of end of the current
period10

(4) Consolidated Statements of Cash Flows(Units: ¥thousands; rounded down)

Previous year
Current year
(April 1, 2010
(April 1, 2011totoMarch 31, 2011) March 31, 2012)

Term
Account

AmountI Cash flows from operating activities
Income before income taxes and minority interests
Depreciation and amortization
Increase (decrease) in allowance for bad debt
Increase (decrease) in provision for employees'
bonuses
Increase (decrease) in provision for bonuses todirectors and corporate auditor
Interest and dividend income(Gain) loss on sales of investment in securities(Gain) loss from valuation of investment insecurities
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Increase (decrease) in other current liabilities
OthersAmountChangeAmount

1,055,488
260,360(1,323)

1,265,092
219,360
1,143

209,603(40,999)
2,466(31,000)

1,000

32,000

2,782

3,270

488

(45,761)(782)(31,556)(627)

14,205
154

-

588

588

(1,076,637)(556,337)
561,991
180,376(256,209)(428,805)(924,003)
476,445236,236
83,538647,832(367,666)(85,546)
55,859339,748

92,947

901,681808,733

Interest and dividends received
Income taxes paid
Income taxes refunded

45,807(213,045)
224,156

31,604(349,143)-(14,203)(136,097)(224,156)

Net cash provided by operating activities

149,866

584,142434,275(129,370)
129,370(254,932)
1,063(2,194)(1,419)2,637

86,760(2,008,177)
1,729
(934)
(1,899)1,797

129,370(42,610)(1,753,244)
665
1,259
(479)
(839)

263

272

9

(254,582)(1,920,452)(1,665,869)

Subtotal

II Cash flows from investing activities
Pay-in of time deposits
Payback of time deposits
Purchases of tangible fixed assets
Proceeds from sales of tangible fixed assets
Purchases of intangible fixed assets
Purchase of investment securities
Proceeds from sales of investment securities
Proceeds from collections of long-term loan
receivable
Net cash provided by (used in) investing activities

III Cash flows from financing activities
Proceeds from stock issuance from minority
shareholders
Purchase of treasury stock
Dividends paid
Payment of dividends to minority
Net cash used in financing activities
IV Effect of exchange rate changes on cash and cash
equivalents
V Increase (decrease) in cash and cash equivalents

2,774

-

(2,774)(1,110)(176,090)(174,426)(694)(402,982)(5,469)(409,146)

416(226,892)(5,469)(234,720)(86,325)(73,157)

13,168(365,467)(1,818,613)(1,453,145)

VI Cash and cash equivalents at beginning of year

10,197,400

9,831,932(365,467)

VII Cash and cash equivalents at end of year

9,831,932

8,013,318(1,818,613)

11

(5) Events or Conditions Raising Significant Questions Regarding
Assumption of Going Concerns
Non applicable(6) Additional Information(Application of Accounting Standard for Accounting Changes and Error Corrections)With regard to any accounting changes or corrections to previous errors that are made after the beginning of thecurrent fiscal year under review, the “Accounting Standard for Accounting Changes and Error Corrections”(Accounting Standard – ASBJ Statement No. 24 dated December 4, 2009) and the “Guidance on the
Accounting Standard for Accounting Changes and Error Corrections” (Implementation Guidance – ASBJ
Statement No. 24 dated December 4, 2009) have been applied.

(7) Notes to Consolidated Financial Statements(Segment information)
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 forthe 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, Malaysia, Singapore, Thailand, China, and India), and Europe (UK and
Slovakia)—are serviced by local subsidiaries, including Yushin America Inc. (US), Yushin Korea
Co., Ltd. (South Korea), and Yushin Automation Limited (Europe). The local subsidiaries are
independently managed units, with separately drafted strategies and activities.
Accordingly, Yushin's operations, based on its production, sales, and after-sales maintenancesetups, are geographically grouped into four reportable segments: Japan, North America, Asia, andEurope.
2. Method of calculating sales and income (loss), identifiable assets, and other items by businesssegment reported
Income by business segment reported is calculated based on operating income.
Inter-segment income and transfer is based on realized market price basis.

12

3. Information related to sales and profit or loss for each reportable segment
Fiscal year ended March 31, 2011 (From April 1 2010 to March 31, 2011)
Reportable segment
Japan

North
America

Asia

Europe(Units: ¥thousands; rounded down)
Total

Adjustmen
t *1

Amounts
shown onconsolidated
statements
of income *2

Sales(1) Sales to customers
8,632,145 1,916,040 1,811,947
207,515
12,567,648
12,567,648(2)Inter-segment sales
3,070,914
3,609
277,166
17,9003,319,591 (3,319,591)
total
11,703,060 1,919,649 2,039,113
225,415
15,887,239 (3,319,591)
12,567,648
Segment profit (loss)
770,295
176,382
204,454
7,794
1,158,926(61,071)
1,097,855
Segment asset
10,873,339 1,228,848 1,712,191
181,367
13,995,747
7,587,886
21,583,634
Other items
Depreciation and
176,700
20,246
6,863
3,325
207,135
207,135
amortization
Increment of tangible &159,182
24,843
46,256
8,835
239,118
239,118
intangible assets
Notes 1: Adjustment is as follows.
(1) The ¥(61,071) thousand adjustment to segment loss includes eliminations for inter-segment
transactions of ¥10,895 thousand and inventory adjustments of ¥(71,966) thousand.
(2) The ¥7,587,886 thousand adjustment to segment assets includes eliminations for inter-segment
transactions of ¥(1,888,861) thousand and operating funds of surplus assets by the Company (cashand deposits, securities) of ¥9,117,717.
Notes 2: Segment profit is adjusted to be consistent with operating income shown on the consolidated
statements of income.
Fiscal year ended March 31, 2012 (From April 1 2011 to March 31, 2012)
Reportable segment
Japan

North
America

Asia

Europe(Units: ¥thousands; rounded down)
Total

Adjustmen
t *1

Amounts
shown onconsolidated
statements
of income *2

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

13

(Per share indexes)(Units: ¥)Previous year

Current year

Book-value per share (BPS)

1,055.42

1,072.24

Earnings per share (EPS)

41.73

44.50

Notes 1: Net income per share fully diluted is not shown since there is none
Notes 2: The basis for calculating Earnings per share (EPS) are followings(¥ thousands; rounded down)

Previous year

Current year

729,833

778,283--

729,833

778,283

17,490,770

17,490,332

Notes 3: The basis for calculating Book-value per share (BPS) are followings(¥ thousands; rounded down)

Previous year
18,495,803
35,898(35,898)

Current year
18,787,344
33,778(33,778)

18,459,905

18,753,565

17,490,536

17,490,073

A: Net income
B: Non-stockholders’ equity
A-B: Net income for common shares
Average number of shares

Total net assets
Amounts deducted from total net assets(Portion of minority interest)
Net assets at fiscal year-end applicable tocommon shares
Number of common shares at fiscal
year-end used in calculating book-value
per share(Significant subsequent events)
Non applicable14(Order, backlog and sales)(1) Order① Order received
Products(Units: ¥thousands; rounded down)

Changes
Ratio (%)

Previous year (April 1,
Current year (April 1,2010 to March 31, 2011) 2011 to March 31, 2012)

Take-out robots

9,473,307

9,120,368(3.7)

Custom-ordered equipments

2,415,305

2,827,145

17.1

Parts and maintenance services

1,969,010

2,058,551

4.5

13,857,623

14,006,065

1.1

Total

② Backlog of orders
Products(Units: ¥thousands; rounded down)
Previous year
As of March 31,2011

Changes

Current year
As of March 31, 2012

Ratio (%)

Take-out robots

1,523,032

1,594,916

4.7

Custom-ordered equipments

1,086,259

827,828(23.8)

Parts and maintenance services

205,987

158,591(23.0)

2,815,279

2,581,335

(8.3)

Total

(Units: ¥thousands; rounded down)(2) Net sales
Products

Changes

Previous year (April 1,
Current year (April 1,2010 to March 31, 2011) 2011 to March 31, 2012)

Ratio (%)

Take-out robots

8,912,734

9,048,483

1.5

Custom-ordered equipments

1,670,074

3,085,576

84.8

Parts and maintenance services

1,984,839

2,105,948

6.1

12,567,648

14,240,008

13.3

Total

(Overseas sales)
Previous year (April 1, 2010 to March 31, 2011)
North
AmericaI

Overseas sales

Asia

1,986,813

4,649,329

658,165

152,475

7,446,783

-

-

-

-

12,567,648

15.8

37.0

5.3

1.2

59.3

II Consolidated sales
III Share of overseas sales (%)

Current year (April 1, 2011 to March 31, 2012)
North
AmericaI

Overseas sales

II Consolidated sales
III Share of overseas sales (%)(Units: ¥thousands; rounded down)
Other
EuropeTotal
areas(Units: ¥thousands; rounded down)
Other
Europe
Total
areas

Asia

2,387,180

5,669,898

801,813

177,520

9,036,412

-

-

-

-

14,240,008

16.8

39.8

5.6

1.2

63.5

15

4. Non-Consolidated Financial Statements(1) Non-Consolidated Balance Sheets
Term
Account(ASSETS)I Current assets
Cash and time deposits
Notes receivable-trade
Accounts receivable-trade
Securities
Finished goods
Work in process
Raw materials and Supplies
Prepaid expenses
Consumption tax receivable
Deferred tax assets
OthersAllowance for doubtful
accounts
II Fixed assets(1) Property, plant andequipment
Buildings
Structures
Machinery and equipment
VehiclesFurniture and fixtures
Land
Leased asset
Construction in progress(2) Intangible assets
Telephone subscription right
Right of trademark
Software(3) Investments and other assets
Investments in securities
Stocks of subsidiaries andaffiliates
Investments in partnership
Investments in affiliates
Long-term loans receivable toshareholders, directors andemployees
Reorganization claims
Guarantee deposits
Deferred tax assets
OthersAllowance for doubtful accounts
Total(Units: ¥thousands; rounded down)

Previous year
(as of March 31, 2011)

Current year
(as of March 31, 2012)changeAmount%Amount%Amount16,569,145
8,566,723
983,415
4,140,107
300,000
401,674
600,216
1,130,821
27,106221,264
178,595
30,21977.8

15,605,091
6,637,411
851,215
4,932,879
300,000
526,833
809,915
1,217,801
26,01998,815
191,109
24,59071.0(964,053)(1,929,311)(132,200)
792,771
125,159
209,698
86,979(1,087)(122,448)
12,514(5,629)(11,000)(11,500)(500)

4,714,672

22.2

6,363,061

29.0

1,648,389

3,091,592

14.5

4,780,964

21.8

1,689,372

894,886
17,745
14,025421
55,8552,011,566
97,091
28,692
11,430995
16,266
1,594,388
250,9940.2

7.5

820,852
17,496
10,879281
93,824
3,831,429
2,988
3,211
19,803
11,430695
7,677
1,562,293
241,4430.1

7.1(74,034)(248)(3,145)(140)
37,9691,819,862
2,988(93,880)(8,888)(300)(8,588)(32,094)(9,550)775,957

767,878(8,079)170
267,132

170
267,132

-

305

32

(272)

38,16229,81471,075
198,938(38,162)
21,283,818

38,58928,76467,291
189,580(38,589)
21,968,153

427(1,050)(3,783)(9,358)(427)
684,335

16

100.0

100.0

(Units: ¥thousands; rounded down)Term
Account(LIABILITIES)I Current liabilities
Notes payable-trade
Accounts payable-trade
Lease obligations
Accounts payable-otherAccrued expenses
Income tax payable
Advances received
Deposits received
Accrued employees' bonuses
Accrued bonuses to directors andcorporate auditor
Warranty reserve
Notes payable-equipment
OthersII Long-term liabilities
Lease obligations
Liabilities for retirement benefits ofdirectors
Guarantee deposit
Total liabilities(Net Assets)
Shareholders’ equity
Common stock
Capital surplus
Retained earnings
Legal reserve
Other retained earnings
Reserve for dividend equalization
General reserve
Retained earnings brought forward
Treasury stock
Valuation and Translation
adjustment
Unrealized gain on available-for-salesecurities

Previous year
(as of March 31, 2011

Current year
(as of March 31, 2012)

ChangeAmount%Amount%Amount3,059,279
275,485
1,907,572
347,630
66,575
134,700
37,642
12,446
179,000

14.4

3,447,813
428,584
1,863,458
801
467,40967,655
282,400
37,567
11,202
180,000

15.7

388,533
153,099(44,113)
801
119,779
1,080
147,699(74)(1,244)1,000

13,68016,9503,270

84,50046
67,360-91,200583
69,691
2,371

6,700
583
(46)
2,331
2,371

0.3

0.3

66,78066,780

-

580

540

(40)

3,126,639

14.7

3,517,504

16.0

390,865

18,106,122
1,985,666
2,023,903
14,443,761
286,314

85.1
9.3
9.5
67.9

18,403,072
1,985,666
2,023,903
14,741,405
286,314

83.8
9.1
9.2
67.1

296,949
297,643-

1,000,000
8,700,000
4,457,446(347,208)(1.6)

1,000,000
8,700,000
4,755,090(347,903)(1.6)

297,643(694)

51,0560.2

47,5760.2(3,479)51,0560.2

47,5760.2(3,479)Total Net Assets

18,157,178

85.3

18,450,648

84.0

293,469

Total

21,283,818

100.0

21,968,153

100.0

684,335

17

(2) Non-Consolidated Statements of Income(Units: ¥thousands; rounded down)

Previous year
(April 1, 2010 toMarch 31, 2011)

Term
Account

Current year
(April 1, 2011 toMarch 31, 2012)

ChangeAmount%Amount%AmountNet sales

11,703,060

100.0

13,104,791

100.0

1,401,731

Cost of sales

7,751,145

66.2

8,668,905

66.2

917,759

Gross profit
Selling, general and administrative
expenses

3,951,914

33.8

4,435,886

33.8

483,971

3,181,619

27.2

3,480,897

26.5

299,278

Operating income

770,2956.6

954,988

7.3

184,692

Non-operating income

170,874

1.4

156,473

1.2(14,400)

Interest income

33,434

18,076(15,358)

Interest on securities

1,738

660

(1,078)Dividend income

103,378

107,6144,235

Purchase discounts

8,203

10,077

1,873

Others24,11820,045(4,073)Non-operating expenses

51,499

Sales discountForeign exchange loss
OthersOrdinary income
Extraordinary income
Gain on sales of investments
securities

inExtraordinary expenses
Loss on disposal and sales oftangible fixed assets
Loss on valuation of investments insecurities
Loss on valuation of affiliates’
shares

0.4

3,905

0.0

(47,593)

589

453

(135)

50,6973,443(47,253)

212

8

(204)

889,671

7.6

1,107,557

8.5

217,885

782

0.0

627

0.0

(154)

782
398

627
0.0

10,986(154)
0.1

10,587

398

2,318

1,920

-

588

588

-

8,079

8,079

Income before income taxes

890,054

7.6

1,097,198

8.4

207,144

Income taxes
Current
Deferred

250,459
30,3102.1
0.3

399,791(2,517)3.1
0.0

149,332(32,827)

Net income

609,284

5.2

699,924

5.3

90,63918

(3) Non-Consolidated Statements of Changes in Net Assets(Units: ¥ thousands; rounded down)

Previous year

Current year

(April 1, 2010 to March 31,
2011)(April 1, 2011 to March 31,
2012)

Shareholder’s Equity
Common stock
Balance as of end of the previous period
Changes in the current period
Total change in the current period
Balance as of end of the current period
Capital surplus
Capital surplus reserve
Balance as of end of the previous period
Changes in the current period
Total change in the current period
Balance as of end of the current period
Total Retained earnings
Balance as of end of the previous period
Changes in the current period
Total change in the current period
Balance as of end of the current period
Retained earnings
Earned reserve
Balance as of end of the previous period
Changes in the current period
Total change in the current period
Balance as of end of the current period
Other retained earnings
Dividend equalization fund
Balance as of end of the previous period
Changes in the current period
Total change in the current period
Balance as of end of the current period
Other reserve
Balance as of end of the previous period
Changes in the current period
Total change in the current period
Balance as of end of the current period
Earned surplus carried forward
Balance as of end of the previous period
Changes in the current period
Dividend on surplus
Net Income
Total change in the current period
Balance as of end of the current period

19

1,985,666

1,985,666

1,985,666

1,985,666

2,023,903

2,023,903

2,023,903

2,023,903

2,023,903

2,023,903

2,023,903

2,023,903

286,314286,314286,314286,3141,000,000

1,000,000

1,000,000

1,000,000

8,700,000

8,700,000

8,700,000

8,700,000

4,023,071

4,457,446(174,909)
609,284434,375
4,457,446(402,280)
699,924
297,643
4,755,090

Previous year

(Units: ¥ thousands; rounded down)
Current year

(April 1, 2010 to March 31,
2011)

Total Retained earnings
Balance as of end of the previous period
Changes in the current period
Dividend on surplus
Net Income
Total change in the current period
Balance as of end of the current period
Treasury stock
Balance as of end of the previous period
Changes in the current period
Acquisition of treasury stock
Total change in the current period
Balance as of end of the current period
Total shareholder’s equity
Balance as of end of the previous period
Changes in the current period
Dividend on surplus
Net Income
Acquisition of treasury stock
Total change in the current period
Balance as of end of the current period
Valuation and Translation adjustments
Unrealized gain on available-for-salesecurities
Balance as of end of the previous period
Changes in the current period
Changes in items other than shareholder’sequityTotal change in the current period
Balance as of end of the current period
Total Valuation and Translation
adjustments
Balance as of end of the previous period
Changes in the current period
Changes in items other than shareholder’sequityTotal change in the current period
Balance as of end of the current period
Total net assets
Balance as of end of the previous period
Changes in the current period
Dividend on surplus
Net Income
Acquisition of treasury stock
Changes in items other than shareholder’sequityTotal change in the current period
Balance as of end of the current period

20(April 1, 2011 to March 31,
2012)

14,009,389

14,443,761(174,909)
609,284434,375
14,443,761(402,280)
699,924
297,643
14,741,405(346,098)(347,208)(1,110)(1,110)(347,208)

(694)
(694)
(347,903)

17,672,858

18,106,122(174,909)
609,284(1,110)433,264
18,106,122(402,280)
699,924(694)
296,949
18,403,072

68,37451,056(17,318)(3,479)(17,318)
51,056(3,479)47,576

68,37451,056(17,318)(3,479)(17,318)
51,056(3,479)47,576

17,741,233

18,157,178(174,909)
609,284(1,110)(402,280)
699,924(694)(17,318)(3,479)415,945
18,157,178

293,469
18,450,648

5. Other(1) Executive Appointment
1. Representative
Non applicable
2. Other Members (Effective July 1)① Corporate Auditor Candidate
Auditor: Hiroho Kamakura (Part-time)* This candidate is for the position of Outside Corporate Auditor as specified in Article 2, item 16 ofCompanies Act.

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