<Translation>
November 5, 2021

Consolidated Financial Results for the Six Months
Ended September 30, 2021 <under Japanese GAAP>
Company Name: YUSHIN PRECISION EQUIPMENT CO., LTD.
Listing:First Section 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 to submit quarterly report:
November 12, 2021
Scheduled date to commence dividend payments:
December 1, 2021
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, 2021
(from April 1, 2021 to September 30, 2021)(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%

September 30, 2021

9,722

20.4

1,349

54.8

September 30, 2020

8,072

(22.1)

871(30.6)

Millions of yen%

Millions of yen%

1,420 57.8

1,030

56.1

900 (23.2)

659(21.3)

Note: Comprehensive income Six months ended September 30, 2021: 1,020 million yen [46.4 %]Six months ended September 30, 2020: 697 million yen [ 9.4 %]Basic earnings
per share
Six months ended

Diluted earnings
per share
Yen

Yen

September 30, 2021

30.26

-

September 30, 2020

19.39

-

(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen%

As of September 30, 2021

34,981

29,76884.5

As of March 31, 2021

34,68829,19983.5

Reference: Equity capital
As of September 30, 2021:

29,545 million yen

As of March 31, 2021:

28,962 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

-

5.00
9.00

-

13.00

18.00

-

9.00

18.00

FY2021
FY2022
FY2022 (Forecast)

Note: Revisions to projected dividends most recently announced: None

3. Consolidated Earnings Forecasts for the FY2022 (from April 1, 2021 to March 31, 2022)
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

20,000
8.3
2,600
3.1
2,630
FY2022
Note: Revisions to projected results most recently announced: None%

Millions of
yen

%

Yen

0.8

1,840

0.7

54.06

* 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:Yes2) Changes in accounting policies due to other reasons:None3) Changes in accounting estimates:
None4) Restatement:
None
Note: Please refer to “2. Quarterly Consolidated Financial Statements and Notes, (3) Notes related to quarterly
consolidated financial statements < Change in accounting policy >” on page 7 of [Attached Material] for further
information.
(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

As of Sept. 30,
2021

35,638,066
Shares

As of March 31,
2021

35,638,066
Shares

As of Sept. 30,
2021
Six months
ended Sept. 30,
2021

1,602,646
Shares

As of March 31,
2021
Six months
ended Sept. 30,
2020

1,602,518
Shares34,035,509
Shares34,035,612
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< Change in accounting policy >··························································································· 7< Adoption of special accounting methods for preparation of quarterly financial statements > ··················· 7< Segment information > ··································································································· 8
3. Supplemental Information ···································································································· 9(1) Orders, backlog and sales ·································································································· 9(2) Overseas sales ··············································································································· 91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 world economy has showna recovery trend toward positive growth, partly due to the fact that vaccinations against COVID-19 have progressedworldwide, 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 the reemergence of the infectious diseases, as wellas the negative impact of the global shortage of semiconductors on production activities and soaring ocean freightrates.
Under these circumstances, YUSHIN group has continued to develop new customers on a global scale, while
paying careful attention to the spread of COVID-19, with the safety of our customers, business partners, andemployees as our top priority. As a result, orders received during the first half of the current fiscal year increased
significantly compared to the first half of the previous fiscal year. As for the consolidated business results for the
first half of the current fiscal year, sales of custom-ordered equipment decreased compared to the same period of
the previous year due to the slow recovery of large orders, while sales of take-out robots increased in Japan andAsia due to the recovery of capital investment appetite, and sales continued to be strong in China and North
America. As a result, consolidated net sales increased by 20.4% year on year, to 9,722 million yen. As for profits,
operating profit increased by 54.8% year on year to 1,349 million yen due to the increase in consolidated net sales
and improvement in the gross profit margin. Ordinary profit increased by 57.8% to 1,420 million yen and profit
attributable to owners of parent increased by 56.1% to 1,030 million yen year on year.
In July 2021, the Company launched RC-SE series of take-out robots equipped with the environmentallyfriendly "Smart ECO Vacuum" function, and SX-41 high-speed side-entry take-out robot for clean rooms, whichis expected to be used in the medical and other fields.

(2) Explanation on the financial condition<Assets>
Total assets increased by 292 million yen from the end of the previous fiscal year to 34,981 million yen. Thiswas mainly due to increase of “Raw materials and supplies” by 408 million yen.
<Liabilities>
Total liabilities decreased by 276 million yen from the end of the previous fiscal year to 5,212 million yen.
This was mainly due to decrease of “Notes and accounts payable - trade” by 244 million yen.
<Net assets>
Net assets increased by 569 million yen from the end of the previous fiscal year to 29,768 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, 2022 that was announced in Consolidated Financial Results released on May 11, 2021.

2

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

2. Quarterly Consolidated Financial Statements and Notes(1) Quarterly consolidated balance sheets
As of March 31, 2021
<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 September 30, 2021

11,690,730
5,563,680
1,007,401
987,869
2,987,777
308,866(36,825)
22,509,500

11,799,612
5,081,078
1,295,709
1,055,044
3,396,256
379,283(10,491)
22,996,493

4,166,174
6,129,718
235,666
10,531,559
254,601

3,988,967
6,271,521
224,439
10,484,929
205,082285,724
296,727
621,419
209,365(20,224)
1,393,012
12,179,174
34,688,675

246,397
290,710640,094
191,252(73,463)
1,294,990
11,985,002
34,981,496

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, 2021

As of September 30, 2021

2,773,198
542,158
400,497
789,464
282,42942,800162,715
328,688
5,321,953

2,529,034
461,780
343,350
1,045,556
301,509
16,950123,525
224,557
5,046,264

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

89,93333,98742,505
166,426
5,212,691

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

1,985,666
2,024,597
26,436,097(1,355,329)
29,091,032

103,840
290,333
64,753458,927
236,879
29,199,402
34,688,675

76,508317,300
60,381
454,190
223,582
29,768,805
34,981,496

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, 2020
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
Subsidy income
Surrender value of insurance policies
Other
Total non-operating income
Non-operating expenses
Sales discounts
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
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

5

Six months ended
September 30, 2021

8,072,037
4,717,131
3,354,905
2,483,521
871,384

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

3,296
2,889
3,385
323
10,5908,899
29,383

3,425
2,860
3,927
71,93010,74692,889267
62330
900,438

20,697755
21,453
1,420,600

414
414

708
708

0
0
900,853
230,959

202
202
1,421,106
381,017669,893

1,040,089

10,038659,855

10,081
1,030,007

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 tonon-controlling interests

6

Six months ended
September 30, 2020
669,893(Thousands of yen)Six months ended
September 30, 2021
1,040,089

34,386(1,503)(5,577)27,304
697,198(27,332)
12,395(4,371)(19,309)1,020,779

686,779

1,025,270

10,418(4,490)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< Change in accounting policy ><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 theconsolidated first quarter 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 consolidated first quarter under review is addedor subtracted to the retained earnings at the beginning of the consolidated first quarter under review and the
new accounting policy is applied from the beginning balance.
This has no effect on profit and loss for the first half of the current fiscal year and on the balance ofretained 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 the firstquarter ended June 30, 2021. 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 prescribedby Fair Value Accounting Standards and others. This has no effect on the quarterly consolidated financial
statements.

< 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

7

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)< Segment information >First Six Months of FY2021 (from April 1, 2020 to September 30, 2020)
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

Europe3,558,379

1,682,566

1,643,445

1,187,646

8,072,037-

8,072,037

Inter-segment sales
1,984,585
or transfers

4,495

102,0653,202

2,094,348(2,094,348)-

5,542,964

1,687,061

1,745,510

1,190,848

10,166,385(2,094,348)

8,072,037

274,254

260,407100,201

201,998

836,861

34,523871,384

Net sales
Sales to customers

Total
Segment profit*Notes 1: The 34,523 thousand yen adjustment to segment profit includes 16,601 thousand yen eliminations for inter-segment
transaction and 17,921 thousand yen 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 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.

8

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 FY2021

First Six Months of FY2022

Take-out robots

5,571,468

7,601,276

136.4

Custom-ordered equipment

1,364,768

1,707,457

125.1

Parts and maintenance service

1,451,154

1,683,066

116.0

Total

8,387,391

10,991,800

131.1

2) Backlog of orders
Products(Thousands of yen)
As of September 30, 2020

As of September 30, 2021

Change(%)

Take-out robots

2,684,985

3,784,474

140.9

Custom-ordered equipment

1,780,469

1,854,376

104.2

Parts and maintenance service

240,121261,972

109.1

Total

4,705,576

5,900,823

125.4

b. Net sales(Thousands of yen)

Products

Change(%)

First Six Months of FY2021

First Six Months of FY2022

Take-out robots

5,006,631

6,817,537

136.2

Custom-ordered equipment

1,645,759

1,276,855

77.6

Parts and maintenance service

1,419,646

1,628,199

114.7

Total

8,072,037

9,722,592

120.4(2) Overseas SalesFirst Six Months of FY2021 (from April 1, 2020 to September 30, 2020)

I Overseas sales(Thousands of yen)North
America

Asia

Europe1,676,757

2,195,792

1,244,265

Other areas
197,437

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

20.8

27.2

15.4

North
AmericaAsia

1,871,794

3,498,535

2.4

65.8

(Thousands of yen)

EuropeOther areas

341,799

290,002

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

5,314,253
8,072,037

First Six Months of FY2022 (from April 1, 2021 to September 30, 2021)

I Overseas sales

Total

Total
6,002,133
9,722,592

19.3

36.0

9

3.5

3.0

61.7