<Translation>
November 4, 2022

Consolidated Financial Results for the Six Months
Ended September 30, 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 Administration Division
Tel: +81-75-933-9555
Scheduled date to submit quarterly report:
November 14, 2022
Scheduled date to commence dividend payments:
December 1, 2022
Preparation of supplementary materials on financial results:
Yes
Holding of financial results briefing:
Yes (for Analysts)(Amounts less than one million yen are omitted, unless otherwise noted)

1. Consolidated Business Results for the Six Months Ended September 30, 2022
(from April 1, 2022 to September 30, 2022)(1) Consolidated operating results (Cumulative)
Net sales
Six months ended(Percentages indicate year-on-year changes)
Profit attributable toOrdinary profit
owners of parent

Operating profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

September 30, 2022

10,355

6.5

1,078(20.1)

1,251(11.9)

884(14.1)

September 30, 2021

9,722

20.4

1,349

54.8

1,420

57.8

1,030

56.1

Note: Comprehensive income Six months ended September 30, 2022: 1,431 million yen [40.2 %]Six months ended September 30, 2021: 1,020 million yen [46.4 %]Basic earnings
per share
Six months ended

Diluted earnings
per share
Yen

Yen

September 30, 2022

25.99

-

September 30, 2021

30.26

-

(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen%

As of September 30, 2022

38,55832,123

82.6

As of March 31, 2022

36,892

31,047

83.5

Reference: Equity capital
As of September 30, 2022:

31,852 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

2Q

3Q

Total

4Q

Yen

Yen

Yen

Yen

Yen

-

9.00
10.00

-

10.00

19.00

-

20.00

30.00

FY2022
FY2023
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 Forecasts for the FY2023 (from April 1, 2022 to March 31, 2023)
Net sales
Millions ofyenOperating profit%

Millions ofyen%(Percentages indicate year-on-year changes)
Basic
Profit attributable toOrdinary profit
earnings
owners of parent
per share
Millions ofyen

22,0005.4
2,400(17.0)
2,600
FY2023
Note: Revisions to projected results most recently announced: Yes%

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:
2) Changes in accounting policies due to other reasons:3) Changes in accounting estimates:
4) Restatement:(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 treasury sharesat the end of the period
3)

Average number of outstanding shares
during the period

None
None
None
None

As of Sept. 30,
2022

35,638,066
Shares

As of March 31,
2022

35,638,066
Shares

As of Sept. 30,
2022
Six months
ended Sept. 30,
2022

1,602,938
Shares

As of March 31,2022
Six months
ended Sept. 30,
2021

1,602,804
Shares34,035,205
Shares34,035,509
Shares* This “Consolidated Financial Results for the Six 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
With regard to the global economy during the first half of the current fiscal year, the global economy showed
positive growth due to the restrictions on business activities are loosened by the worldwide progress in vaccination
against COVID-19, and the compatibility of business and economic activities, while the future outlook remains
uncertain due to the exchange rate fluctuations caused by the drastic depreciation of the yen, steep rise in the raw
material and ocean transport cost caused by the geopolitical risk.
Under these circumstances, YUSHIN Group has continued to expand business of custom-ordered equipment
for medical field and develop new customers on a global scale. As a result, orders in the first half of the current
fiscal year increased significantly compared to the first half of the previous fiscal year. During the fiscal year underreview, the sales in Japan and North America increased while the sales of take-out robot in China decreased dueto the lockdown. As a result, consolidated Net sales increased by 6.5% year on year to 10,355 million yen.
Operating profit decreased by 20.1% year on year to 1,078 million yen due to the downturn of the gross profit
margin caused by raw material price increase, and the rise in labor cost due to investment in human resources andsea transportation costs while there was improvement due to the rise of the consolidated Net sales. Although there
was a foreign exchange gain, ordinary profit decreased by 11.9% year on year to 1,251 million yen, and Net income
attributable to owners of the parent company decreased by 14.1% year on year to 884 million yen despite foreignexchange gain.
During the first half of the current fiscal year, YUSHIN has passed a resolution to establish the “sustainability
committee. ” YUSHIN aims to increase the corporate value through sustainable business activities while YUSHIN
contributes to build sustainable society and environment through the business activities.

(2) Explanation on the financial condition<Assets>
Total assets increased by 1,665 million yen from the end of the previous fiscal year to 38,558 million yen. Thiswas mainly due to increase of “Cash and deposits” by 1,122 million yen.
<Liabilities>
Total liabilities increased by 589 million yen from the end of the previous fiscal year to 6,435 million yen. Thiswas mainly due to increase of “Advances received” by 918 million yen.
<Net assets>
Net assets increased by 1,075 million yen from the end of the previous fiscal year to 32,123 million yen.

(3) Explanation on the forecast information including consolidated earnings forecast and others
As a result of reviewing the earnings forecasts based on future industry trends, the full-year Consolidated
Earnings Forecasts for the fiscal year ending March 2023, that was announced in Consolidated Financial
Results released on May 11, 2022, have been revised. For details, please refer to the "Difference between
Forecast and Actual Result of Consolidated Cumulative Second Quarter of Fiscal Year ending March 2023,
and the Revisions for Annual Earnings Forecast" announced today.

2

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

2. Quarterly Consolidated Financial Statements and Notes(1) Quarterly 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
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

As of March 31, 2022

(Thousands of yen)
As of September 30, 2022

12,404,898
5,905,288
1,074,756
1,203,508
3,571,482
348,565(7,869)24,500,630

13,526,960
5,783,153
1,288,382
1,537,647
3,779,661
411,135(9,721)
26,317,219

3,849,455
6,812,488
264,093
10,926,037
186,751

3,746,616
6,821,434
261,132
10,829,183
167,191

263,848
264,457
647,939
181,809(78,488)1,279,566
12,392,355
36,892,986

249,753258,227
642,624
151,394(57,195)
1,244,804
12,241,178
38,558,398

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 September 30, 2022

2,646,296
519,785
560,244
1,162,547
300,053
32,400137,341
310,217
5,668,885

2,587,817
540,345
324,168
2,081,188
310,845
16,950129,580
256,311
6,247,206

100,40224,17951,807
176,388
5,845,274

105,319
22,07760,598
187,995
6,435,201

1,985,666
2,024,597
27,212,010(1,355,446)
29,866,827

1,985,666
2,024,597
27,756,217(1,355,539)
30,410,942

88,637796,769
41,960927,367
253,516
31,047,712
36,892,986

78,841
1,326,202
36,808
1,441,851
270,40232,123,196
38,558,398

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(2) Quarterly consolidated statements of income and consolidated statements of comprehensive income
Quarterly consolidated statements of income
First six months(Thousands of yen)Six months ended
September 30, 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
Foreign exchange losses
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 assets
Total extraordinary losses
Profit before income taxes
Income taxes

Six months ended
September 30, 2022

9,722,592
5,448,562
4,274,029
2,924,865
1,349,164

10,355,594
6,040,583
4,315,011
3,236,460
1,078,550

3,425
2,860
3,927
71,93010,74692,889

3,148
4,147
4,082
150,879
11,863
174,120

20,697755
21,453
1,420,600

870
870
1,251,800

708
708

149
149

ProfitProfit attributable to non-controlling interests

202
202
1,421,106
381,017
1,040,089
10,081352
352
1,251,598
342,792
908,805
24,245

Profit attributable to owners of parent

1,030,007

884,559

5

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

Quarterly consolidated statements of comprehensive income
First six months

ProfitOther 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(Comprehensive income attributable to)Comprehensive income attributable to owners ofparentComprehensive income attributable to non-controllinginterests

6

Six months ended
September 30, 2021
1,040,089(Thousands of yen)Six months ended
September 30, 2022
908,805(27,332)
12,395(4,371)(19,309)1,020,779(9,795)
537,457(5,152)522,508
1,431,313

1,025,270

1,399,043(4,490)32,270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 application oftax effect accounting is reasonably estimated, and this estimated rate is applied to net profit before income
taxes for the quarterly period under review< Segment information >First Six Months of FY2022 (from April 1, 2021 to September 30, 2021)
Information related to sales and profit or loss for each reportable segment(Thousands of yen)
Reportable segment
Total

Amounts shownon quarterly
consolidated
statements ofincome *2

Adjustment
*1

Japan

U.S.A.

Asia

Europe4,767,489

1,934,555

2,580,446

440,101

9,722,592-

9,722,592

Inter-segment sales
2,317,070
or transfers

2,479

215,027

1,785

2,536,362(2,536,362)-

7,084,559

1,937,035

2,795,473

441,886

12,258,955(2,536,362)

9,722,592

808,142

265,152

300,444

62,1681,435,908(86,744)

1,349,164

Net sales
Sales to customers

Total
Segment profit*Notes 1: The (86,744) thousand yen adjustment to segment profit is inventory adjustments.
*Notes 2:Segment profit is adjusted to be consistent with operating profit shown on the quarterly consolidated statements of income.

First Six Months of FY2023 (from April 1, 2022 to September 30, 2022)
Information related to sales and profit or loss for each reportable segment(Thousands of yen)
Reportable segment
Total

Adjustment*1

Amounts shownon quarterly
consolidated
statements ofincome *2

Japan

U.S.A.

Asia

Europe5,218,452

2,270,123

2,579,205

287,813

10,355,594-

10,355,594

Inter-segment sales
2,228,625
or transfers

4,276

170,138

3,715

2,406,755(2,406,755)-

7,447,078

2,274,399

2,749,344

291,528

12,762,350(2,406,755)

10,355,594

757,775

186,812289,825(68,349)

1,166,064(87,513)

1,078,550

Net sales
Sales to customers

Total
Segment profit or(loss)*Notes 1: The (87,513) thousand yen adjustment to segment profit or loss is the 1,284 thousand yen of inter-segment transaction
eliminations, and the (88,797) thousand yen of inventory adjustments.
*Notes 2: Segment profit or loss is adjusted to be consistent with operating profit 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)
Change(%)

First Six Months of FY2022

First Six Months of FY2023

Take-out robots

7,601,276

7,983,860

105.0

Custom-ordered equipment

1,707,457

2,631,742

154.1

Parts and maintenance service

1,683,066

1,855,703

110.3

Total

10,991,800

12,471,306

113.52) Backlog of orders
Products(Thousands of yen)
As of September 30, 2021

As of September 30, 2022

Change(%)

Take-out robots

3,784,474

4,236,969

112.0

Custom-ordered equipment

1,854,376

3,174,174

171.2

Parts and maintenance service

261,972

294,106

112.3

Total

5,900,823

7,705,250

130.6

b. Net sales(Thousands of yen)

Products

Change(%)

First Six Months of FY2022

First Six Months of FY2023

Take-out robots

6,817,537

6,867,708

100.7

Custom-ordered equipment

1,276,855

1,667,159

130.6

Parts and maintenance service

1,628,199

1,820,726

111.8

Total

9,722,592

10,355,594

106.5(2) Overseas SalesFirst Six Months of FY2022 (from April 1, 2021 to September 30, 2021)

Overseas sales

North
AmericaAsia

1,871,794

3,498,535(Thousands of yen)

EuropeOther areas

341,799

290,002

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

19.3

36.0

3.5

North
AmericaAsia

2,291,099

3,417,996

3.0

61.7

(Thousands of yen)

EuropeOther areas

158,873

255,955

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

6,002,133
9,722,592

First Six Months of FY2023 (from April 1, 2022 to September 30, 2022)

Overseas sales

Total

Total
6,123,924
10,355,594

22.1

33.0

8

1.5

2.5

59.1