<Translation>
February 3, 2023

Consolidated Financial Results for the Nine Months
Ended December 31, 2022 <Under Japanese GAAP>
Company Name: YUSHIN PRECISION EQUIPMENT CO., LTD.
Listing:
Prime Market of the Tokyo Stock Exchange
Securities code: 6482
URL:
https://www.ype.co.jp/en/
Representative: Takayo Kotani, Representative Director and President
Inquiries:
Kota Oda, Director and Executive Vice President, General Manager of Admin. Div.
Tel: +81-75-933-9555
Scheduled date to submit quarterly report:
February 14, 2023
Scheduled date to commence dividend payments:
Preparation of supplementary materials on the quarterly financial results:
None
Holding of quarterly financial results briefing:
None(Amounts less than one million yen are omitted, unless otherwise noted)

1. Consolidated Business Results for the Nine Months Ended December 31, 2022
(From April 1, 2022 to December 31, 2022)(1) Consolidated operating results (Cumulative)(Percentages indicate year-on-year changes)
Profit attributable toOperating profit
Ordinary profit
owners of parent

Net sales
Nine months ended

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

Millions of yen%

December 31, 2022

16,219

4.8

2,016

(4.6)

2,176

(2.8)

1,570

(3.7)

December 31, 2021

15,472

21.7

2,113

39.5

2,238

42.8

1,630

44.5

Note: Comprehensive income Nine months ended December 31, 2022:
Nine months ended December 31, 2021:
Basic earnings
per share
Nine months ended

1,807 million yen [ 0.3%]
1,801 million yen [ 46.8%]

Diluted earnings
per share
Yen

Yen

December 31, 2022

46.14

-

December 31, 2021

47.90

-

(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen%

As of December 31, 2022

38,61232,158

82.5

As of March 31, 2022

36,892

31,047

83.5

Reference: Equity capital
As of December 31, 2022: 31,868 million yen

As of March 31, 2022: 30,794 million yen

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

2. Cash Dividends
Annual dividends per share
1Q
FY2022
FY2023

2Q

3Q

Total

4Q

Yen

Yen

Yen

Yen

Yen

－
－

9.00
10.00

－
－

10.00

19.00

20.00

30.00

FY2023 (Forecast)

Note 1: Revisions to projected dividends most recently announced: None
Note 2: Breakdown of dividends 4Q in FY2023 (forecast)Ordinary dividends: 10.00 yen
Commemorative dividends: 10.00 yen (the 50th anniversary of the establishment)

3. Consolidated Earnings Forecast for the FY2023 (From April 1, 2022 to March 31, 2023)
Net sales
Millions ofyen(Percentages indicate year-on-year changes)
Basic
Profit attributable
Ordinary profit
earnings
to owners of parent
per share

Operating profit%

Millions ofyen%Millions ofyen

22,0005.4
2,400(17.0)
2,600
FY2023
Note: Revisions to projected results most recently announced: None%

Millions of
yen

%

Yen

(15.7)

1,800(14.8)

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

Average number of outstanding shares
during the period

As of Dec. 31,
2022

35,638,066
shares

As of March 31,
2022

35,638,066
shares

As of Dec. 31,
2022
Nine months
ended Dec. 31,
2022

1,603,076
shares

As of March 31,
2022
Nine months
ended Dec. 31,
2021

1,602,804
shares34,035,154
shares34,035,468
shares* This “Consolidated Financial Results for the Nine Months” report is not subject to quarterly review procedures bycertified public accountant or by auditing firm.
* Cautionary statement with respect to forward-looking statements and other special remarks
The forecasts above are based on the information currently available. A number of factors could cause actual results to differ
materially from expectations. For more information about these assumptions and notes regarding the use of earnings
forecasts, please refer to “1. Qualitative Information on Quarterly Consolidated Financial Performance, (3) Explanation on
the forecast information including consolidated earnings forecast and others” on page 2 of [Attached Material].
* Disclaimer:This English version is not an official translation of the original Japanese document. In cases where any differences occur between the English
version and the original Japanese version, the Japanese version shall prevail. YUSHIN PRECISION EQUIPMENT CO., LTD. shall accept no
responsibility or liability for damages or loss caused by any error, inaccuracy, misunderstanding or misspelling with regard to this translation.
This translation may be used only for reference purposes. YUSHIN PRECISION EQUIPMENT CO., LTD. maintains the right to claim
compensation from violators for any damage or loss it may suffer from the violation of these conditions.

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

INDEX
1. Qualitative Information on Quarterly Consolidated Financial Performance ··········································· 2(1) Explanation on the business results ······················································································ 2(2) Explanation on the financial condition ··················································································· 2(3) Explanation on the forecast information including consolidated earnings forecast and others ··················· 2
2. Quarterly Consolidated Financial Statements and Notes ································································· 3(1) Quarterly consolidated balance sheets ··················································································· 3(2) Quarterly consolidated statements of income and consolidated statements of comprehensive income ········· 5
Quarterly consolidated statements of income ··········································································· 5
Quarterly consolidated statements of comprehensive income ························································ 6(3) Notes related to quarterly consolidated financial statements ·························································· 7< Notes related to going concern assumption > ·········································································· 7< Notes in the event of significant changes in shareholders’ equity > ················································ 7< Adoption of special accounting methods for preparation of quarterly financial statements > ··················· 7< Segment information > ··································································································· 7
3. Supplemental Information ···································································································· 8(1) Orders, backlog and sales ·································································································· 8(2) Overseas sales ··············································································································· 81YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

1. Qualitative Information on Quarterly Consolidated Financial Performance(1) Explanation on the business results
During the nine months of the current fiscal year under review, the global economy showed a recovery trend
toward positive growth as corporate and economic activities go hand in hand as the restriction on the corporate
activities are being relaxed by the worldwide progress in vaccination against COVID-19. On the other hand, theoutlook for the exchange rate is becoming increasingly uncertain, and there are concerns that the economic
recovery will be delayed, due to soaring raw material and ocean transport cost caused by the geopolitical risks.
Under these circumstances, YUSHIN Group has continued to develop new customers on a global scale andexpand business of custom-ordered equipment for medical field. As a result, orders received during the ninemonths of the current fiscal year increased significantly year on year due to the orders received for large scalecustom-ordered equipment for medical field. As for the consolidated business results for the nine months of thecurrent year, the sales in Japan and North America increased while the sales of take-out robot in China decreased
due to the lockdown. As a result, consolidated Net sales increased by 4.8% year on year to 16,219 million yen.
Operating profit decreased by 4.6% year on year to 2,016 million yen due to the rise of labor and ocean transport
cost while the consolidated Net sales increased and gross profit margin improved. Although there was a foreignexchange gain, Ordinary profit decreased by 2.8% year on year to 2,176 million yen, and Net profit attributableto owners of parent decreased by 3.7% year on year to 1,570 million yen.
During the third quarter of the fiscal year under review, we have started selling CTM-V, a swing type take-out
robot. In addition, YD series, which was launched in the previous fiscal year, won an encouraging prize in the
Promotion of Machine Industry Awards. We believe that we have received high praise for our ongoing efforts toconserve energy. We will continue to work to develop environmentally friendly products.

(2) Explanation on the financial condition<Assets>
Total assets increased by 1,719 million yen from the end of the previous fiscal year to 38,612 million yen.
This was mainly due to increase of “Cash and deposits” by 1,521 million yen.
<Liabilities>
Total liabilities increased by 608 million yen from the end of the previous fiscal year to 6,453 million yen. Thiswas mainly due to increase of “Advances received” by 917 million yen.
<Net assets>
Net assets increased by 1,110 million yen from the end of the previous fiscal year to 32,158 million yen.

(3) Explanation on the forecast information including consolidated earnings forecast and others
At this time, there are no changes to the full-year Consolidated Earnings Forecasts for the fiscal year
ending March 31, 2023 that was announced in Consolidated Financial Results released on November 4, 2022.

2

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

2. Quarterly Consolidated Financial Statements and Notes(1) Quarterly consolidated balance sheets
As of March 31, 2022
<ASSETS>
Current assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

3(Thousands of yen)
As of December 31, 2022

12,404,898

13,926,061

5,905,288

5,406,040

1,074,756

1,304,810

1,203,508

1,489,928

3,571,482

3,758,647

348,565

485,439(7,869)(6,497)24,500,630

26,364,428

3,849,455

3,617,691

6,812,488

6,827,057

264,093378,561

10,926,037

10,823,310

186,751

153,339

263,848

301,141

264,457

254,901

647,939

624,647

181,809140,371(78,488)(49,812)

1,279,566

1,271,250

12,392,355

12,247,900

36,892,986

38,612,329

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

4

As of March 31, 2022

As of December 31, 2022

2,646,296

2,580,673

519,785714,636560,244

78,752

1,162,547

2,080,198

300,053

209,886

32,40025,425

137,341

120,865

310,217406,595

5,668,885

6,217,032

100,402

146,557

24,17920,78551,80769,442

176,388236,785

5,845,274

6,453,818

1,985,666

1,985,666

2,024,597

2,024,597

27,212,010

28,101,534(1,355,446)(1,355,632)

29,866,827

30,756,167

88,637

114,555

796,769

963,938

41,96034,231

927,367

1,112,725

253,516

289,618

31,047,712

32,158,511

36,892,986

38,612,329

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(2) Quarterly consolidated statements of income and consolidated statements of comprehensive income
Quarterly consolidated statements of income
Nine months ended December 31
Nine months ended
December 31, 2021
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Purchase discounts
Foreign exchange gains
Surrender value of insurance policies
Other
Total non-operating income
Non-operating expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
Total extraordinary income
Extraordinary losses
Loss on sales and retirement of non-current
assetsTotal extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

5(Thousands of yen)
Nine months ended
December 31, 2022

15,472,921

16,219,298

8,828,884

9,122,457

6,644,037

7,096,840

4,530,063

5,079,932

2,113,973

2,016,908

5,048

4,690

6,029

8,379

6,031

6,168

32,725127,000

71,930-3,541

14,523125,306

160,764

933

1,095

933

1,095

2,238,346

2,176,577

715

149

715

149

221

22,717221

22,7172,238,839

2,154,009

596,041

538,941

1,642,797

1,615,067

12,44644,8391,630,351

1,570,228

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

Quarterly consolidated statements of comprehensive income
Nine months ended December 31
Nine months ended
December 31, 2021
ProfitOther comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, netof taxTotal other comprehensive income
Comprehensive income(Comprehensive income attributable to)Comprehensive income attributable toowners of parent
Comprehensive income attributable to noncontrolling interests

6(Thousands of yen)
Nine months ended
December 31, 2022

1,642,797

1,615,067(26,720)

25,918

192,451

173,819(6,557)(7,729)159,173

192,008

1,801,971

1,807,076

1,795,447

1,755,586

6,523

51,490YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(3) Notes related to quarterly consolidated financial statements< Notes related to going concern assumption >None< Notes in the event of significant changes in shareholders’ equity >None< Adoption of special accounting methods for preparation of quarterly financial statements >Calculation method for tax expenses
The effective tax rate on Profit before income taxes for the consolidated fiscal year after the applicationof tax effect accounting is reasonably estimated, and this estimated rate is applied to Profit before income
taxes for the quarterly period under review< Segment information >Nine Months of FY2022 (From April 1, 2021 to December 31, 2021)
Information related to sales and profit or loss for each reportable segment(Thousands of yen)
Reportable segment
Total

Adjustment*1

Amounts
shown onquarterly
consolidated
statements ofincome *2

Japan

U.S.A.

Asia

EuropeSales to customers

7,488,854

2,948,521

4,126,296

909,248

15,472,921-

15,472,921

Inter-segment sales
or transfers

3,783,705

4,605

317,336

2,248

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

-

Total

11,272,560

2,953,127

4,443,633

911,496

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

15,472,921

Segment profit

1,417,363

355,392

428,169

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

2,113,973

Net sales*Notes 1: The (192,215) thousand yen adjustment to segment profit includes eliminations for inter-segment
transactions of (428) thousand yen and inventory adjustments of (191,786) thousand yen.
*Notes 2: Segment profit is adjusted to be consistent with operating profit shown on the quarterly consolidated
statements of income.
Nine Months of FY2023 (From April 1, 2022 to December 31, 2022)
Information related to sales and profit or loss for each reportable segment(Thousands of yen)
Reportable segment
Total

Adjustment*1

Amounts
shown onquarterly
consolidated
statements ofincome *2

Japan

U.S.A.

Asia

EuropeSales to customers

7,684,209

3,691,266

4,082,404

761,417

16,219,298-

16,219,298

Inter-segment sales
or transfers

3,647,412

18,912

212,751

4,957

3,884,034(3,884,034)

-

Total

11,331,622

3,710,179

4,295,155

766,375

20,103,332(3,884,034)

16,219,298

Segment profit

1,227,549

458,684

383,610(13,373)

2,056,471(39,563)2,016,908

Net sales*Notes 1: The (39,563) thousand yen adjustment to segment profit or loss includes eliminations for inter-segment
transactions of (7,109) thousand yen and inventory adjustments of (32,453) thousand yen.
*Notes 2: Segment profit is adjusted to be consistent with operating income shown on the quarterly consolidated
statements of income.
7

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

3. Supplemental Information(1) Orders, backlog and sales
a. Orders
1) Order received
Products(Thousands of yen)
Nine Months of FY2022

Change(%)

Nine Months of FY2023

Take-out robots

10,997,384

11,686,212

106.3

Custom-ordered equipment

2,977,223

7,469,838

250.9

Parts and maintenance services

2,652,241

2,953,255

111.3

Total

16,626,848

22,109,307

133.02) Backlog of orders
Products(Thousands of yen)
As of December 31, 2021

Change(%)

As of December 31, 2022

Take-out robots

3,273,998

4,161,482

127.1

Custom-ordered equipment

2,204,471

6,982,442

316.7

Parts and maintenance services

307,073335,622

109.3

Total

5,785,543

11,479,548

198.4

b. Net sales(Thousands of yen)

Products

Nine Months of FY2022

Change(%)

Nine Months of FY2023

Take-out robots

10,724,120

10,645,548

99.3

Custom-ordered equipment

2,196,527

2,696,986

122.8

Parts and maintenance services

2,552,273

2,876,763

112.7

Total

15,472,921

16,219,298

104.8(2) Overseas sales
Nine months of FY2022 (from April 1, 2021 to December 31, 2021)
North
America
I Overseas sales

3,041,459

Asia(Thousands of yen)
Europe5,455,921

Other areas

704,617374,971

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

19.7

North
America

35.3

4.6

3,758,202

Asia

61.9

(Thousands of yen)
Europe5,295,194

2.4

Other areas

387,684

536,823

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

9,576,971
15,472,921

Nine months of FY2023 (from April 1, 2022 to December 31, 2022)

I Overseas sales

Total

Total
9,977,905
16,219,298

23.2

32.6

8

2.4

3.3

61.5