< Translation >May 11, 2022

Consolidated Financial Results for the Fiscal Year
Ended March 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:

Masahito Fukui, Director and General Manager of Corporate Management Department
Tel: +81-75-933-9555

Scheduled date of annual general shareholders’ meeting:June 22, 2022

Scheduled date to commence dividend payments:

June 3, 2022

Scheduled date to submit annual securities report:

June 27, 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 Financial Results for the FY2022 (from April 1, 2021 to March 31, 2022)(1) Consolidated operating results
Net sales(Percentages indicate year-on-year changes)
Profit attributable toOrdinary profit
owners of parent

Operating profit

Millions of yen%

Millions of yen%

Millions of yen

FY2022
20,874
13.0
2,890
14.6
FY2021
18,473
(7.7)
2,522
9.2
Note: Comprehensive income
FY2022: 2,612 million yen [14.2 %]Basic earnings
per share

Diluted earnings
per share

Yen

%

15.6
19.2

%

Ratio of ordinary
profit tototal assets

Return on equity

Yen

FY202262.06
FY2021
53.70
Reference: Equity in earnings (losses) of affiliates

Millions of yen

2,112
3,085
18.3
1,827
2,608
18.3
FY2021: 2,288 million yen [75.9 %]%Ratio of operating
profit to
net sales

%

%

7.1
8.6
6.5
7.8
FY2022: - million yen
FY2021: - million yen

13.8
13.7

(2) Consolidated financial position
Total assets

Net assets

Net assets
per share

Equity ratio

Millions of yen

Millions of yen%

Yen

36,892
34,68831,047
29,19983.5
83.5

904.77850.95

As of March 31, 2022
As of March 31, 2021

Reference: Equity capital (Net assets less Non-controlling interests)
As of March 31, 2022: 30,794 million yen

As of March 31, 2021: 28,962 million yen

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(3) Consolidated cash flows
Net cash provided by(used in) operating
activities

Net cash provided by(used in) investing
activities

Net cash provided by(used in) financing
activities

Cash and cash
equivalents
at end of period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

2,083
3,487

(1,341)(1,987)

(763)
(561)

7,055
6,846

FY2022
FY2021

2. Cash Dividends
Annual dividends per share
1Q

FY2021
FY2022
FY2023(Forecast)

2Q

3Q

4Q

Total

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

Ratio ofdividends to net
assets(consolidated)

Yen

Yen

Yen

Yen

Yen

Millions of yen

%

%

-

5.00
9.00

-

13.00
10.00

18.00
19.00

612
646

33.5
30.6

2.2
2.1

-

10.00

-

20.00

30.00

Note: Breakdown of dividends

46.4

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

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

Millionsof yen%Millionsof yen%Millionsof yen%Millionsof yen%YenFirst six months
ending September
30, 2022

10,400

7.0

1,450

7.5

1,450

2.1

1,050

1.9

30.85

FY202322,000

5.4

3,100

7.2

3,100

0.5

2,200

4.2

64.64

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying
changes in scope of consolidation): None
(2) Changes in accounting policies, changes in accounting estimates, and restatement
1) Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
2) Changes in accounting policies due to other reasons:None3) Changes in accounting estimates:
None4) Restatement:
None(3) Number of issued shares (common stock)1) Number of issued 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 March 31,
2022

35,638,066
shares

As of March 31,
2021

35,638,066
shares

As of March 31,
2022

1,602,804
shares34,035,424
shares

As of March 31,
2021

1,602,518
shares34,035,592
shares

FY2022

FY2021YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the FY2022 (April 1, 2021 - March 31, 2022)(1) Non-consolidated operating results
Net sales
FY2022
FY2021(Percentages indicate year-on-year changes)
Ordinary profit
ProfitOperating profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

15,08813,337

13.1
(9.6)

1,816
1,286

41.2
0.8

2,604
1,972

32.1
19.9

1,953
1,470

32.8
21.2

Basic earnings
per share
FY2022
FY2021

Diluted earnings
per share
Yen

Yen

57.39
43.21

-

(2) Non-consolidated financial position
Total assets

Total net assets

Net assets
per share

Equity ratio

Millions of yen

Millions of yen%

Yen

31,42029,942

27,28726,09886.8
87.2

801.73766.79As of March 31, 2022
As of March 31, 2021
Reference: Equity capital (Net assets)
As of March 31, 2022: 27,287 million yen

As of March 31, 2021: 26,098 million yen* This financial information included in this summary is out of scope of audit procedure.
* Cautionary statement with respect to forward-looking statements and other special remarks
The forecast above is based on the information currently available. A number of factors could cause actual results todiffer materially from expectations. For more information about these assumptions and notes regarding the use of
earnings forecasts, please refer to “1. Overview of operating results, (4) Business forecasts” on page 3 of [Attached
Material].

* Disclaimer:This English version is not an official translation of the original Japanese document. In cases where any differences occur between the English version
and the original Japanese version, the Japanese version shall prevail. YUSHIN PRECISION EQUIPMENT CO., LTD. shall accept no responsibility or
liability for damages or loss caused by any error, inaccuracy, misunderstanding or misspelling with regard to this translation. This translation may be
used only for reference purposes. YUSHIN PRECISION EQUIPMENT CO., LTD. maintains the right to claim compensation from violators for any
damage or loss it may suffer from the violation of these conditions.

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

1. Overview of Operating Results ·······························································································2(1) Overview of operating results for the fiscal year ended March 31, 2022 ············································2(2) Overview of financial condition for the fiscal year ended March 31, 2022 ··········································2(3) Overview of cash flow for the fiscal year ended March 31, 2022·····················································3(4) Business forecasts ··········································································································3
2. Selection of Accounting Standards ···························································································4
3. Consolidated Financial Statements and Major Notes ······································································5(1) Consolidated balance sheets ·······························································································5(2) Consolidated statements of income and consolidated statements of comprehensive income······················7Consolidated statements of income ·······················································································7Consolidated statements of comprehensive income ·····································································8(3) Consolidated statements of changes in equity ··········································································9(4) Consolidated statements of cash flows ················································································· 11(5) Notes to consolidated financial statements ············································································· 12
Notes related to regarding premise of going concerns ································································ 12
Accounting policy changes······························································································· 12
Segment information etc. ································································································· 12
Per share indexes ·········································································································· 14
Significant subsequent events ···························································································· 14
Order, backlog and sales ·································································································· 15
Overseas sales ·············································································································· 151YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

1. Overview of Operating Results(1) Overview of operating results for the fiscal year ended March 31, 2022
With regard to the global economy during this consolidated fiscal year ended March 31, 2022, the world economy
has shown a recovery trend toward positive growth, partly due to the fact that vaccinations against COVID-19 haveprogressed worldwide, and restrictions on business activities have been eased in an increasing number of regions.
However, the future outlook still remains uncertain due to concerns about negative impacts on productions
associated with a lack of semiconductors at a worldwide level and the rising ocean freight rates, as well as harmful
effects caused by geopolitical risks.
Under these circumstances, YUSHIN Group has continued business activities on a global scale while paying close
attention to the possibility of COVID-19 infection and placing the safety of its customers, business partners andemployees as its first priority. As a result, orders received during this consolidated fiscal year ended March 31, 2022
significantly increased comparing previous consolidated fiscal year. As for the consolidated business results for thisfiscal year ended March 31, 2022, sales of custom-ordered equipment decreased year on year due to a slow recovery
in a large project but sales of take-out robots increased with results of focusing on sales of new models and keeping
on-time delivery in difficulties of parts procurements. In regard to regional sales, YUSHIN Group increased sales oftake-out robots in Japan and Asia, and also maintained a good sales performance in China and North America. As aresult, Net sales increased by 13.0% year on year to 20,874 million yen. Operating profit increased by 14.6% year
on year to 2,890 million yen due to the increase in Net sales. Ordinary profit increased by 18.3% year on year to
3,085 million yen due to rise of Foreign exchange gains and Profit attributable to owners of parent increased by
15.6% year on year to 2,112 million yen.
In addition, YUSHIN Group launched “RC-SE” series, with equipped “Smart ECO Vacuum” function
contributing energy saving, and “SX-41” high-speed side-entry robot, expecting running in a clean room for medical
relating productions in July 2021, and also released “YD” series, with environment friendly functions, which is a
successor model of the main take-out robot, “YC” series.
Operating result by product category< Take-out robots >Net sales of take-out robots increased by 2,378 million yen (20.0%) from theprevious FY to 14,282 million yen.
< Custom-ordered equipment >Net sales of custom-ordered equipment decreased by 297 million yen (8.7%)
from the previous FY to 3,124 million yen.
< Parts and maintenance service > Net sales of parts and maintenance service increased by 319 million yen (10.2%)
from the previous FY to 3,467 million yen.
Operating result by segment category< Japan >Net sales increased by 13.1% from the previous FY to 15,088 million yen and operating profit
increased by 41.2% from the previous FY to 1,816 million yen.
< North America > Net sales increased by 16.4% from the previous FY to 4,027 million yen and operating profit
increased by 5.8% to 496 million yen.
< Asia >Net sales increased by 25.1% from the previous FY to 5,732 million yen and operating profit
increased by 25.8% to 511 million yen.
< Europe >Net sales decreased by 32.9% from the previous FY to 1,283 million yen and operating profit
decreased by 58.3% from the previous FY to 156 million yen.

(2) Overview of financial condition for the fiscal year ended March 31, 2022
< Assets >Total assets increased by 2,204 million yen from the end of the previous fiscal year to36,892 million yen. This was mainly due to increase of 714 million yen in Cash and deposits and682 million yen in Land.
< Liabilities > Total liabilities increased by 356 million yen from the end of the previous fiscal year to 5,845
million yen. This was due to increase of 373 million yen in Advances received.

2

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)< Net assets >Net assets increased by 1,848 million yen from the end of the previous fiscal year to 31,047
million yen mainly due to increase of Retained earnings by 1,363 million yen.

(3) Overview of cash flow for the fiscal year ended March 31, 2022
The balance of Cash and cash equivalents on March 31, 2022 increased by 209 million yen from the end of
the previous fiscal year to 7,055 million yen. Main reasons are as follows.
< Cash flow from operating activities >Cash flow from operating activities for the fiscal year ended March 31, 2022 was a net inflow of 2,083 million
yen (it was a net inflow of 3,487 million yen in the previous fiscal year) as Profit before income taxes was 3,086
million yen, payment for income taxes was 822 million yen, and Increase in inventories was 575 million yen.
< Cash flow from investment activities >Due to Proceeds from withdrawal of time deposits by 4,800 million yen and Payments into time deposits by 5,298
million yen, Cash flow from investment activities for the fiscal year ended March 31, 2022 was a net outflow of
1,341 million yen (it was a net outflow of 1,987 million yen in the previous fiscal year.)< Cash flow from financing activities >Due to cash dividends paid of 748 million yen and other factors, Cash flow from financing activities for the
fiscal year ended March 31, 2022 was a net outflow of 763 million yen (it was a net outflow of 561 million yen in
the previous fiscal year).

(4) Business forecasts
With regard to the external environment surrounding YUSHIN Group, it is expected that uncertainty still
remains due to such factors as the prolonged COVID-19 infection and geopolitical risks as well as the global
logistics disruption. However, in the medium- and long-term, the worldwide trend of production automation
continues in consideration of labor safety and implementation of production efficiency.
Under this environment, YUSHIN Group will continue to capitalize on changes in the business environment
swiftly and aim for further development as a leading company in take-out robot industry, based on management
philosophy of "Look outward far and wide, constantly seek technological innovation and give back to society for
all it has given us." To this end, YUSHIN Group will work to expand sales of the robots by enhancing productappeal and strengthen global sales development. For custom-ordered equipment, in response to rising demand forautomation both domestically and overseas due to labor shortages and rising labor costs, YUSHIN Group willcontinue to work to expand sales and develop new businesses.
To improve organization strength, YUSHIN Group will develop human resources and strengthen organization
structure and IT system, and then improve productivity by enhancing quality, efficiency and speed in operations.
Furthermore, YUSHIN Group will also work to instill corporate identity(CI) created for clarifying the stancerequired in order to inherit the strengths and good qualities of YUSHIN and usher in a new era.
With regard to risk management, YUSHIN Group will take thorough measures against COVID-19 infections
and strengthen corporate structures including a disaster prevention system, and keep providing the products andservices to customers. YUSHIN Group will also analyze climate change risks and consider the countermeasures.
The forecast for the fiscal year ending March 31, 2023 is as follows.
Although the impact of the COVID-19 infection on business activities and difficulties of parts procurements
continues, the demands will move toward recovery comparing to the fiscal year ending March 31, 2022.
(Consolidated Earnings Forecasts)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent

22,000 million yen
3,100 million yen
3,100 million yen
2,200 million yen

The assumed exchange rates for the forecast are 120 yen to the U.S. dollar.

3

Y/Y 5.4%
Y/Y 7.2%
Y/Y 0.5%
Y/Y 4.2%

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

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

4

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

3. Consolidated Financial Statements and Major Notes(1) Consolidated balance sheets<ASSETS>
Current assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Consumption taxes receivable
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
LandConstruction in progress
Other, net
Total property, plant and equipment
Intangible assets
Other
Total 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

5

As of March 31, 2021

(Thousands of yen)
As of March 31, 2022

11,690,730
5,563,680
1,007,401
987,869
2,987,777
71,912236,954(36,825)
22,509,500

12,404,898
5,905,288
1,074,756
1,203,508
3,571,482
87,049261,516(7,869)24,500,630

4,166,174
116,036
6,129,718
22,001
97,627
10,531,559

3,849,455
119,383
6,812,488
12,058132,651
10,926,037

254,601
254,601

186,751
186,751

285,724
296,727
621,419
209,365(20,224)
1,393,012
12,179,174
34,688,675

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

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

6

As of March 31, 2021

As of March 31, 2022

1,933,977
839,221542,158
400,497
789,464
282,42942,800162,715
328,688
5,321,953

1,710,595
935,700
519,785
560,244
1,162,547
300,053
32,400137,341
310,217
5,668,885

87,94835,95543,415
167,319
5,489,273

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

1,985,666
2,024,597
25,848,552(1,355,222)
28,503,594

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

103,840

88,637290,333
64,753458,927
236,879
29,199,402
34,688,675

796,769
41,960927,367
253,516
31,047,712
36,892,986

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(2) Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Thousands of yen)
FY2022

FY2021
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest and dividend income
Foreign exchange gains
Subsidy income
Surrender value of insurance policies
Other
Total non-operating income
Non-operating expenses
Sales discounts
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 – current
Income taxes – deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

7

18,473,964
10,598,790
7,875,173
5,353,032
2,522,141

20,874,646
11,883,001
8,991,644
6,100,809
2,890,835

11,882
34,653
15,552
26,23088,31912,43296,60871,93014,758
195,729

606
928
1,535
2,608,925

1,289
1,289
3,085,275

1,964
1,964

1,311
1,311

74
74
2,610,815
744,9428,029
752,971

221
221
3,086,364
958,781(6,320)952,461

1,857,844

2,133,903

29,975
1,827,868

21,664
2,112,238

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

Consolidated statements of comprehensive income(Thousands of yen)
FY2022

FY2021
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income(Comprehensive income attributable to)Comprehensive income attributable to ownersof parent
Comprehensive income attributable tonon-controlling interests

8

1,857,844

2,133,903

87,397340,450
2,583
430,4312,288,275(15,203)
516,502(22,792)
478,505
2,612,409

2,242,671

2,580,678

45,60431,730YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(3) Consolidated statements of changes in equity
FY2021(Thousands of Yen)
Shareholders’ equity

Balance at the beginning ofcurrent period

Share capital

CapitalsurplusRetainedearnings

Treasuryshares1,985,666

2,023,903

24,531,217(1,355,167)

Total
Shareholders’equity27,185,619

Changes during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury shares
Change in ownershipinterest of parent due totransactions with noncontrolling interests
Net changes in items otherthan shareholders’ equity(510,534)(510,534)

1,827,868

1,827,868
(54)

694

(54)
694

Total changes during period-694

1,317,334(54)

1,317,974

Balance at the end of current
period

1,985,666

2,024,597

25,848,552(1,355,222)

28,503,594

Noncontrollinginterests

Total net
assets242,216

27,471,961

Accumulated other comprehensive income

Balance at the beginning ofcurrent period

Valuationdifference
on availablefor-salesecurities

Foreigncurrencytranslation
adjustment

Remeasurements ofdefinedbenefit plans

Total
accumulated
othercomprehensive
income16,443(34,487)

62,16944,125

Changes during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury shares
Change in ownershipinterest of parent due totransactions with noncontrolling interests
Net changes in items otherthan shareholders’ equity(510,534)
1,827,868(54)
694

87,397

324,8212,583

414,802(5,336)

409,465

Total changes during period

87,397

324,8212,583

414,802(5,336)

1,727,440

Balance at the end of current
period103,840

290,333

64,753458,927

236,879

29,199,402

9YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)
FY2022(Thousands of Yen)
Shareholders’ equity

Balance at the beginning ofcurrent period

Share capital

CapitalsurplusRetainedearnings

Treasuryshares1,985,666

2,024,597

25,848,552(1,355,222)

Total
Shareholders’equity28,503,594

Changes during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury shares
Change in ownershipinterest of parent due totransactions with noncontrolling interests
Net changes in items otherthan shareholders’ equity(748,780)(748,780)

2,112,238

2,112,238
(224)

(224)

Total changes during period--

1,363,457(224)

1,363,233

Balance at the end of current
period

1,985,666

2,024,597

27,212,010(1,355,446)

29,866,827

Noncontrollinginterests

Total net
assets236,879

29,199,402

Accumulated other comprehensive income

Balance at the beginning ofcurrent period

Valuationdifference
on availablefor-salesecurities

Foreigncurrencytranslation
adjustment

Remeasurements ofdefinedbenefit plans

Total
accumulated
othercomprehensive
income103,840

290,333

64,753458,927

Changes during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury shares
Change in ownershipinterest of parent due totransactions with noncontrolling interests
Net changes in items otherthan shareholders’ equity(748,780)
2,112,238(224)-(15,203)

506,435(22,792)

468,439

16,636

485,076

Total changes during period(15,203)

506,435(22,792)

468,439

16,636

1,848,310

Balance at the end of current
period88,637796,769

41,960927,367

253,516

31,047,712

10

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(4) Consolidated statements of cash flows(Thousands of yen)
FY2022

FY2021
Cash flows from operating activities
Profit before income taxes

2,610,815

3,086,364

Depreciation
Increase (decrease) in allowance for doubtful
accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for bonuses
for directors
Increase (decrease) in retirement benefits asset andliability
Interest and dividend income

644,310585,500

12,76323,807

14,691

17,093

19,390(10,400)(40)

43,610(11,882)(12,432)

Decrease (increase) in trade receivables

43,895(93,777)

Decrease (increase) in inventories

249,732(575,941)

Increase (decrease) in trade payables

870,339(351,423)

Increase (decrease) in other current liabilities(418,973)

185,663

Other, net(94,671)(233,448)

Subtotal

3,940,370

2,664,615

12,095

12,820Interest and dividends received
Proceeds from insurance income-

227,892

Income taxes paid

(464,997)(822,155)

Net cash provided by (used in) operating activities

3,487,467

2,083,173

Payments into time deposits(6,796,678)(5,298,951)

Proceeds from withdrawal of time deposits

4,950,000

4,800,000

Purchase of property, plant and equipment(96,650)(810,921)

4,315

1,823

(48,612)(33,685)(1,987,626)(1,341,734)

(54)

(224)

Dividends paid

(510,750)(748,321)

Dividends paid to non-controlling interests(50,246)(15,094)(561,051)(763,639)

254,970

231,201

Cash flows from investing activities

Proceeds from sales of properly, plant and equipment
Purchase of intangible assets
Net cash provided by (used in) investing activities
Cash flows from financing activities
Purchase of treasury shares

Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents

1,193,759

209,001

Cash and cash equivalents at beginning of period

5,652,986

6,846,745

Cash and cash equivalents at end of period

6,846,745

7,055,746

11

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(5) Notes to consolidated financial statements
Notes related to regarding premise of going concerns
Non applicable
Accounting policy changes(Application of accounting standards, etc., related to revenue recognition)
YUSHIN Group has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29;
March 31, 2020; hereinafter, “Accounting Standard for Revenue Recognition”) from the beginning of thisconsolidated fiscal year ended March 31, 2022 under review. In accordance with the Accounting Standard for
Revenue Recognition, when control of a promised good or service is transferred to the customer, revenue will berecognized at the amount expected to be received in exchange for the good or service.
When applying the Accounting Standard for Revenue Recognition, etc., we comply with the transitional
treatment stipulated in the provisions of Paragraph 84 of the Standard. The cumulative impact of retroactively
applying the new accounting policy prior to the beginning of this consolidated fiscal year ended March 31, 2022
under review is added or subtracted to the retained earnings at the beginning of this consolidated fiscal year
ended March 31, 2022 under review and the new accounting policy is applied from the beginning balance.
This has no effect on the current consolidated financial statements and on the balance of retained earnings at
the beginning of the period by applying Accounting Standard for Revenue Recognition.
(Application of accounting standards, etc., for calculation of fair value)
YUSHIN Group has applied “Accounting Standard for Fair Value Measurement” (ASBJ Statement No.30,
July 4, 2019; hereinafter, “Fair Value Accounting Standards”) and others from the beginning of this consolidated
fiscal year ended March 31, 2022. In accordance with the transitional treatment set forth in Article 19 of Fair
Value Accounting Standards and Article 44-2 of "Accounting Standard for Financial Instruments" (ASBJ
Statement No.10, July 4, 2019), the Company has applied prospectively a new accounting policy prescribed by
Fair Value Accounting Standards and others. This has no effect on the current consolidated financial statements.
Segment information etc.
a. Segment information
1. Overview of reportable segment
Segments used for financial reporting are the Company’s constituent units for which separate
financial information is available and for which the Board of Directors performs periodic studies for the
purposes of determining the allocation of resources and evaluating performance.
YUSHIN carries out the development, production, sales and after-sales maintenance of take-out
robots for injection-molded products and peripheral equipment, including labor-saving systems. In thedomestic market, these operations are handled by the Company; overseas markets - North America, Asia
(South Korea, Taiwan, China, Indonesia, Vietnam, Malaysia, Thailand and India) and Europe (UK and
Germany) - are serviced by local subsidiaries, including Yushin America Inc. (US), Yushin Korea Co.,
Ltd. (South Korea), Yushin Automation Ltd. (Europe) and other local ones. The local subsidiaries are
independently managed units, with separately drafted strategies and activities.
Accordingly, YUSHIN's operations, based on its production, sales and after-sales maintenance setups,
are geographically grouped into four reportable segments: Japan, North America, Asia and Europe.
2. Method of calculating sales and profit (loss), identifiable assets, and other items by business segment
reported
Accounting policies for the reportable business segments are the same as “Basis of Presenting
Consideration Financial Statements”.
Income by business segment reported is calculated based on operating profit.
Inter-segment profit and transfer are based on realized market price basis.

12

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)
3. Information related to sales and profit (loss), identifiable assets, and other items for each reportablesegment
FY2021 (from April 1, 2020 to March 31, 2021)(Thousands of yen)

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

North
America

Asia

Europe

Total

Adjustment*1

Amounts
shown onconsolidated
statements ofincome *2

8,777,873

3,451,057

4,334,706

1,910,325

18,473,964-

18,473,964

4,559,898

9,833

247,575

4,184

4,821,491(4,821,491)

-

Total

13,337,772

3,460,891

4,582,282

1,914,510

23,295,456(4,821,491)

18,473,964

Segment profit

1,286,162

468,994

406,492

375,7022,537,352(15,211)2,522,141

Segment assets

19,221,636

2,417,273

4,500,956

1,472,056

27,611,922

7,076,752

34,688,675

565,352

29,436

31,254

17,289643,334976

644,310

Other items
Depreciation

Increase inincrement of
71,91910,131
28,905
14,405
125,362
125,362
tangible &intangible assets*Notes 1: Adjustment is as follows.
(1) The (15,211) thousand yen adjustment to segment profit includes eliminations for inter-segment
transactions of 2,927 thousand yen and inventory adjustments of (18,138) thousand yen.
(2) The 7,076,752 thousand yen adjustment to segment assets includes eliminations for inter-segment
transactions of (2,624,621) thousand yen and operating funds of surplus assets by the Company (Cash anddeposits) and long-term investments funds (Investments securities) of 9,701,374 thousand yen.
*Notes 2: Segment profit is adjusted to be consistent with operating profit shown on the consolidated statements of income.
FY2022 (from April 1, 2021 to March 31, 2022)(Thousands of yen)

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

North
America

Asia

Europe

Total

Adjustment*1

Amounts
shown onconsolidated
statements ofincome *2

10,265,289

4,021,459

5,306,618

1,281,279

20,874,646-

20,874,646

4,823,672

5,707

425,785

2,576

5,257,741(5,257,741)

-

Total

15,088,961

4,027,166

5,732,404

1,283,855

26,132,387(5,257,741)

20,874,646

Segment profit

1,816,464

496,032

511,483

156,837

2,980,818(89,983)

2,890,835

Segment assets

20,195,458

3,023,260

4,810,225

1,538,924

29,567,868

7,325,117

36,892,986

509,026

29,761

30,536

16,119585,44356

585,500

Other items
Depreciation

Increase inincrement of
795,306
25,067
13,981
12,202846,557
846,557
tangible &intangible assets*Notes 1: Adjustment is as follows.
(1) The (89,983) thousand yen adjustment to segment profit includes eliminations for inter-segment
transactions of 12,073 thousand yen and inventory adjustments of (102,056) thousand yen.
(2) The 7,325,117 thousand yen adjustment to segment assets includes eliminations for inter-segment
transactions of (2,868,816) thousand yen and operating funds of surplus assets by the Company (Cash anddeposits) and long-term investments funds (Investments securities) of 10,193,933 thousand yen.
*Notes 2: Segment profit is adjusted to be consistent with operating profit shown on the consolidated statements of income.

13

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)
Per share indexes(Yen)
FY2021

FY2022Book-value per share (BPS)

850.95904.77

Earnings per share (EPS)

53.70

62.06

*Notes 1: Net income per share fully diluted is not shown since there is none.
*Notes 2: The bases for calculating Earnings per share (EPS) are followings.
(Thousands of yen)
FY2021
Profit attributable to owners of parent

FY2022

1,827,868

2,112,238--

1,827,868

2,112,238

34,035,592 shares

34,035,424 shares

Amount not attributable to general shareholders
Profit attributable to owners of parent
for common shares
Average number of shares*Notes 3: The bases for calculating Book-value per share (BPS) are followings.
(Thousands of yen)
As of March 31, 2021
Total net assets
Amounts deducted from total net assets(Portion of non-controlling interest)
Net assets at fiscal year-end applicable to commonsharesNumber of common shares at fiscal year-end usedin calculating book-value per share
Significant subsequent events
Non applicable14

As of March 31, 2022

29,199,402

31,047,712

236,879

253,516(236,879)(253,516)

28,962,522

30,794,195

34,035,548 shares

34,035,262 shares

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

Order, backlog and sales(1) Orders
1) Order received
Products(Thousands of yen)
FY2021

FY2022

Changes (%)

Take-out robots

12,785,093

14,402,822

12.7

Custom-ordered equipment

2,784,378

3,910,657

40.4

Parts and maintenance service

3,145,886

3,519,089

11.9

Total

18,715,357

21,832,569

16.7

2) Backlog of orders
Products(Thousands of yen)
As of March 31, 2021

As of March 31, 2022

Changes (%)

Take-out robots

3,000,734

3,120,818

4.0

Custom-ordered equipment

1,423,775

2,209,590

55.2

Parts and maintenance service

207,106

259,129

25.1

Total

4,631,615

5,589,539

20.7(Thousands of yen)

(2) Net sales
Products

FY2021

FY2022

Changes (%)

Take-out robots

11,904,506

14,282,738

20.0

Custom-ordered equipment

3,422,063

3,124,841(8.7)

Parts and maintenance service

3,147,394

3,467,065

10.2

Total

18,473,964

20,874,646

13.0

Overseas sales
FY2021 (from April 1, 2020 to March 31, 2021)
North
AmericaI

Overseas sales(Thousands of yen)

3,375,120

Asia

Europe5,786,482

1,782,680

Other areas
593,533

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

Overseas sales

18.3

31.3

9.7

3.2

62.5

(Thousands of yen)

4,103,678

Asia

Europe6,940,765

1,075,765

Other areas
492,372

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

11,537,816
18,473,964

FY2022 (from April 1, 2021 to March 31, 2022)
North
America
I

Total

Total
12,612,580
20,874,646

19.7

33.2

5.2

2.4

60.4

End of Materials

15