<Translation>
February 3, 2021

Consolidated Financial Results for the Nine Months
Ended December 31, 2020 <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: Mayumi Kotani, Representative Director, President
Inquiries:
Masahito Fukui, Director and General Manager of Corporate Management Department
Tel: +81-75-933-9555
Scheduled date to submit quarterly report:
February 12, 2021
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, 2020
(from April 1, 2020 to December 31, 2020)(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%

0.2

December 31, 2020

12,713(16.3)

1,515

(7.1)

1,567

(0.6)

1,128

December 31, 201915,194

(4.9)

1,631

(14.9)

1,576(15.0)

1,126 (15.3)

Note: Comprehensive income Nine months ended December 31, 2020:
Nine months ended December 31, 2019:
Basic earnings
per share
Nine months ended

1,227 million yen [ 12.4 %]1,092 million yen [ (17.4) %]Diluted earnings
per share
Yen

Yen

December 31, 2020

33.15

-

December 31, 2019

33.06

-

(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen%

As of December 31, 2020

33,05428,151

84.5

As of March 31, 2020

31,93327,471

85.3

Reference: Equity capital
As of December 31, 2020: 27,923 million yen

As of March 31, 2020: 27,229 million yen

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

2. Cash Dividends
Annual dividends per share
1Q
FY2020
FY2021

2Q

3Q

Total

4Q

Yen

Yen

Yen

Yen

Yen

-

8.00
5.00

-

10.00

18.00

9.00

14.00

-

FY2021 (Forecast)
Note: Revisions to projected dividends most recently announced: Yes

3. Consolidated Earnings Forecast for the FY2021 (from April 1, 2020 to March 31, 2021)
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

17,500(12.6)
2,100
(9.1)
2,150
FY2021
Note: Revisions to projected results most recently announced: Yes%

Millions of
yen

%

Yen

(2.5)

1,530

(0.2)

44.95

* 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,
2020

35,638,066
shares

As of March 31,
2020

35,638,066
Shares

As of Dec. 31,
2020
Nine months
ended Dec. 31,
2020

1,602,476
shares

As of March 31,
2020
Nine months
ended Dec. 31,
20191,602,454
Shares34,035,605
shares

34,064,608
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 month ended December 31, 2020, the global economy has been in a severe situation withnegative growth due to the continued significant restrictions on corporate activities caused by the global spread of
COVID-19. The outlook for the global economy remains uncertain due to concerns about the prolonged impact
of COVID-19 on the economy, as there is still no prospect of an end to the disease.
Under these circumstances, YUSHIN Group has placed the safety of its customers, business partners andemployees as its first priority and has continued to develop new customers on a global scale while paying close
attention to the possibility of COVID-19 infection. The number of orders received during the nine months of
FY2021 was sluggish compared to the same period of the previous year. However, in the third quarter, orders areon an upward trend both in Japan and overseas. In particular, in some Asian countries, including China, capital
investment is on a recovery trend, and orders are recovering.
During the nine months ended December 31, 2020, sales of take-out robots in Japan decreased compared tothe same period of the previous year due to a decline in the appetite for capital investment, although sales in North
America were strong, mainly in the medical field. In Europe, sales of Custom-ordered equipment decreased
compared to the same period of the previous year due to the difference in the timing of deliveries, despite a certain
amount of sales. As a result, Consolidated net sales were down 16.3% year on year, to 12,713 million yen. On the
profit front, despite continued efforts to reduce expenses, Operating profit fell 7.1% to 1,515 million yen due tothe decline in consolidated net sales. On the other hand, Profit attributable to owners of parent increase 0.2% year
on year to 1,128 million yen due to foreign exchange profit.

(2) Explanation on the financial condition<Assets>
Total assets increased by 1,121 million yen from the end of the previous fiscal year to 33,054 million yen.
This was mainly due to increase of “Cash and deposits” by 1,889 million yen.
<Liabilities>
Total liabilities increased by 441 million yen from the end of the previous fiscal year to 4,903 million yen. Thiswas mainly due to increase of “Notes and accounts payable - trade” by 484 million yen.
<Net assets>
Net assets increased by 679 million yen from the end of the previous fiscal year to 28,151 million yen.

(3) Explanation on the forecast information including consolidated earnings forecast and others
As a result of reviewing the earnings forecast based on the latest earnings trends, etc., the earnings forecast for
the FY2021 announced in the Consolidated Financial Results released on August 5, 2020 has been revised upward.
For details, please see "Revision to the Forecast for the Earnings and Dividends" announced today.

2

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

2. Quarterly Consolidated Financial Statements and Notes(1) Quarterly consolidated balance sheets
As of March 31, 2020
<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, 2020

8,646,219
5,410,654
772,690
1,120,628
3,165,533
295,409(19,247)
19,391,889

10,536,031
5,048,375
1,083,161
1,180,939
2,766,155
302,369(24,493)
20,892,540

4,554,294
6,107,772
243,910
10,905,978358,333

4,244,349
6,120,360
232,221
10,596,931
276,215

159,973285,556
658,373
193,669(20,403)
1,277,168
12,541,479
31,933,368

224,204
278,927
600,450
204,668(19,071)
1,289,179
12,162,326
33,054,866

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(Thousands of yen)
As of March 31, 2020
<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
Provision for retirement benefits for directors
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-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive
incomeNon-controlling interests
Total net assets
Total liabilities and net assets

4

As of December 31, 2020

1,698,391
418,287
137,9141,270,310
267,606
23,410178,399
256,484
4,250,803

2,183,316
468,966
122,789
1,228,577
163,663
25,425
142,142
350,446
4,685,327

66,78062,91934,43846,466
210,6034,461,407

66,78078,77031,062
41,314217,926
4,903,253

1,985,666
2,023,903
24,531,217(1,355,167)
27,185,619

1,985,666
2,024,597
25,149,019(1,355,183)
27,804,100

16,44361,084(34,487)
62,1694,642
53,802

44,125

119,528

242,216
27,471,961
31,933,368

227,982
28,151,612
33,054,866

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(2) Quarterly consolidated statements of income and quarterly consolidated statements ofcomprehensive income
Quarterly consolidated statements of income
Nine months ended December 31
Nine months ended
December 31, 201915,194,072
9,200,764
5,993,308
4,362,230
1,631,077

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
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
Other
Total 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, 2020
12,713,267
7,342,974
5,370,293
3,854,677
1,515,615

5,031
6,646
8,097
7,511
27,286

4,697
5,743
4,941
14,234
14,276
8,296
52,190746
80,119544
81,411
1,576,952

456
130
586
1,567,220

4,513
4,513

1,927
1,927

1,185

27

1,000
2,185
1,579,281
416,732
1,162,548

27
1,569,120
424,311
1,144,809

36,264

16,473

1,126,284

1,128,336

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

Quarterly consolidated statements of comprehensive income
Nine months ended December 31
Nine months ended
December 31, 2019
1,162,548

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, 2020
1,144,809

5,573

44,640(70,995)

46,361(5,066)(8,366)(70,487)
1,092,061

82,635
1,227,444

1,046,848

1,203,739

45,212

23,704

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 income before income tax for the consolidated fiscal year after the application oftax effect accounting is reasonably estimated, and this estimated rate is applied to net income for the quarterly
period under review.

< Segment information >Nine Months of FY2020 (from April 1, 2019 to December 31, 2019)
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

8,174,041

2,251,295

3,010,181

1,758,554

15,194,072-

15,194,072

Inter-segment sales
or transfers

2,967,712

10,669230,296

1,148

3,209,826(3,209,826)

-

Total

11,141,753

2,261,965

3,240,477

1,759,703

18,403,899(3,209,826)

15,194,072

Segment profit

888,203

217,770

255,291

96,9381,458,204

172,872

1,631,077

Net sales*Notes 1: The 172,872 thousand yen adjustment to segment profit includes eliminations for inter-segment
transactions of 18,319 thousand yen and inventory adjustments of 154,552 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 FY2021 (from April 1, 2020 to December 31, 2020)
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

5,681,592

2,664,065

2,982,280

1,385,328

12,713,267-

12,713,267

Inter-segment sales
or transfers

3,111,182

6,301

162,5963,202

3,283,282(3,283,282)

-

Total

8,792,774

2,670,367

3,144,876

1,388,530

15,996,549(3,283,282)

12,713,267

Segment profit

598,340

390,752

215,039

279,042

1,483,174

32,441

1,515,615

Net sales*Notes 1: The 32,441 thousand yen adjustment to segment profit includes eliminations for inter-segment
transactions of 2,940 thousand yen and inventory adjustments of 29,501 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 FY2020

Change(%)

Nine Months of FY2021

Take-out robots

9,352,113

8,941,710

95.6

Custom-ordered equipment

2,561,152

2,173,976

84.9

Parts and maintenance service

2,308,221

2,296,588

99.5

Total

14,221,487

13,412,275

94.3

2) Backlog of orders
Products(Thousands of yen)
As of December 31, 2019

Change(%)

As of December 31, 2020

Take-out robots

2,350,676

2,902,680

123.5

Custom-ordered equipment

2,824,301

1,946,754

68.9

Parts and maintenance service

203,019

239,795

118.1

Total

5,377,997

5,089,230

94.6

b. Net sales(Thousands of yen)

Products

Nine Months of FY2020

Change(%)

Nine Months of FY2021

Take-out robots

10,005,969

8,159,178

81.5

Custom-ordered equipment

2,857,354

2,288,682

80.1

Parts and maintenance service

2,330,748

2,265,406

97.2

Total

15,194,072

12,713,267

83.7(2) Overseas sales
Nine Months of FY2020 (from April 1, 2019 to December 31, 2019)

I Overseas sales(Thousands of yen)North
America

Asia

Europe2,730,763

4,750,765

1,196,910

Other areas
413,391

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

18.0

31.3

7.9

2.7

59.8

(Thousands of yen)North
America

Asia

Europe2,592,962

3,881,366

1,430,167

Other areas
408,045

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

9,091,830
15,194,072

Nine Months of FY2021 (from April 1, 2020 to December 31, 2020)

I Overseas sales

Total

Total
8,312,542
12,713,267

20.4

30.5

8

11.3

3.2

65.4