< Translation >May 11, 2021

Consolidated Financial Results for the Fiscal Year
Ended March 31, 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:

Mayumi 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, 2021

Scheduled date to commence dividend payments:

June 3, 2021

Scheduled date to submit annual securities report:

June 25, 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 Financial Results for the FY2021 (from April 1, 2020 to March 31, 2021)(1) Consolidated operating results(Percentages indicate year-on-year changes)
Net sales

Operating profit

Millions of yen%

Millions of yen%

Millions of yen

FY2021
18,473
(7.7)
2,522
9.2
FY202020,011(8.3)
2,309 (16.3)
Note: Comprehensive income
FY2021: 2,288 million yen [75.9 %]Basic earnings
per share

Diluted earnings
per share

Yen

Millions of yen

%

1,827
2,608
18.3
1,532
2,205 (21.0)
FY2020: 1,301 million yen [(33.7) %]19.2(19.5)%

Ratio of ordinary
profit tototal assets

Return on equity

Yen

FY202153.70
FY202045.01
Reference: Equity in earnings (losses) of affiliates

Profit attributable toowners of parent

Ordinary profit%

Ratio of operating
profit to
net sales

%

%

6.5
7.8
5.7
6.8
FY2021: - million yen
FY2020: - million yen

13.7
11.5

(2) Consolidated financial position
Total assets

Net assets

Net assets
per share

Equity ratio

Millions of yen

Millions of yen%

Yen

34,68831,93329,19927,47183.5
85.3

850.95800.04As of March 31, 2021
As of March 31, 2020

Reference: Equity capital (Net assets less Non-controlling interests)
As of March 31, 2021: 28,962 million yen

As of March 31, 2020: 27,229 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

3,487
3,558

(1,987)(1,475)

(561)
(946)

6,846
5,652

FY2021
FY20202. Cash Dividends
Annual dividends per share
1Q

FY2020
FY2021
FY2022(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

%

%

-

8.00
5.00

-

10.00
13.00

18.00
18.00

612
612

40.0
33.5

2.2
2.2

-

9.00

-

9.00

18.00

33.3

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

9,900

22.6

1,220

40.0

1,240

37.7

900

36.4

26.44

FY202220,000

8.3

2,600

3.1

2,630

0.8

1,840

0.7

54.06

* 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: None
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,
2021

35,638,066
shares

As of March 31,
2020

35,638,066
shares

As of March 31,
2021

1,602,518
shares34,035,592
shares

As of March 31,
2020

1,602,454
shares34,057,918
shares

FY2021

FY2020YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the FY2021(April 1, 2020 - March 31, 2021)(1) Non-consolidated operating results
Net sales
FY2021
FY2020(Percentages indicate year-on-year changes)
Ordinary profit
ProfitOperating profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

13,337
14,751(9.6)(15.6)

1,286
1,276

0.8
(37.6)

1,972
1,644

19.9
(36.0)

1,470
1,213

21.2
(35.8)

Basic earnings
per share
FY2021
FY2020

Diluted earnings
per share
Yen

Yen

43.21
35.64

-

(2) Non-consolidated financial position
Total assets

Total net assets

Net assets
per share

Equity ratio

Millions of yen

Millions of yen%

Yen

As of March 31, 2021

29,942

26,09887.2

766.79As of March 31, 2020

27,86625,05089.9

736.01

Reference: Equity capital (Net assets)
As of March 31, 2021: 26,098 million yen

As of March 31, 2020: 25,050 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, 2021 ············································2(2) Overview of financial condition for the fiscal year ended March 31, 2021 ··········································2(3) Overview of cash flow for the fiscal year ended March 31, 2021·····················································3(4) Business forecasts ··········································································································3
2. Selection of Accounting Standards ···························································································33. Consolidated Financial Statements and Major Notes ······································································4(1) Consolidated balance sheets ·······························································································4(2) Consolidated statements of income and consolidated statements of comprehensive income······················6Consolidated statements of income ·······················································································6Consolidated statements of comprehensive income ·····································································7(3) Consolidated statements of changes in equity ··········································································8(4) Consolidated statements of cash flows ················································································· 10(5) Notes to consolidated financial statements ············································································· 11
Notes related to regarding premise of going concerns ································································ 11
Segment information etc. ································································································· 11
Per share indexes ·········································································································· 13
Significant subsequent events ···························································································· 13
Order, backlog and sales ·································································································· 14
Overseas sales ·············································································································· 14
4. Other ··························································································································· 151YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

1. Overview of Operating Results(1) Overview of operating results for the fiscal year ended March 31, 2021
Regarding the global economy during this fiscal year under review, as a result of the global spread of COVID-19
infection, business activities continue to be greatly restricted and the global economy is in a severe situation ofnegative growth. Although business sentiment has been improving due to the increase in vaccination rates, theglobal situation remains uncertain as there is still no prospect of global convergence.
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, from the third quarter of the consolidated fiscal year, both domestic andoverseas orders began to pick up, and the recovery trend in capital investment was particularly noticeable in China
and some other Asian countries. As for the business results for the consolidated fiscal year, sales in North America
were strong, mainly in the medical field, and sales in China and South Korea also increased compared to the same
period of the previous year, mainly in the medical field, while sales of take-out robots in Japan decreased comparedto the same period of the previous year due to a decline in capital investment. Sales of Custom-ordered equipmentin Europe decreased from the same period of the previous fiscal year, despite a certain level of sales, due to a small
number of large projects. As a result, consolidated net sales decreased by 7.7% year on year to 18,473 million yen.
In terms of profits, operating profit increased by 9.2% from the previous fiscal year to 2,522 million yen, due to theimprovement in gross profit margin and cost reduction efforts, despite the decrease in sales. Ordinary profit
increased by 18.3% to 2,608 million yen due to foreign exchange gains, and profit attributable to owners of parent
increased by 19.2% to 1,827 million yen.
In addition, in June 2020, we started sales of the space-saving palletizing robot "PA" series, which is mainly usedin packaging and distribution sites. We will aim to expand sales to markets other than the plastic injection molding
industry. In March 2021, we also started sales of the "LA" series take-out robots for large molding machines.
Operating result by product category< Take-out robots >Net sales of take-out robots decreased by 865 million yen (6.8%) from theprevious FY to 11,904 million yen.
< Custom-ordered equipment >Net sales of custom-ordered equipment decreased by 634 million yen (15.6%)
from the previous FY to 3,422 million yen.
< Parts and maintenance service > Net sales of parts and maintenance service decreased by 38 million yen (1.2%)
from the previous FY to 3,147 million yen.
Operating result by segment category< Japan >Net sales decreased by 9.6% from the previous FY to 13,337 million yen but operating profit
increased by 0.8% from the previous FY to 1,286 million yen.
< North America > Net sales increased by 18.8% from the previous FY to 3,460 million yen and operating profit
increased by 74.1% to 468 million yen.
< Asia >Net sales increased by 14.5% from the previous FY to 4,582 million yen and operating profit
increased by 41.4% to 406 million yen.
< Europe >Net sales decreased by 27.4% from the previous FY to 1,914 million yen but operating profit
increased by 62.8% from the previous FY to 375 million yen.

(2) Overview of financial condition for the fiscal year ended March 31, 2021
< Assets >Total assets increased by 2,755 million yen from the end of the previous fiscal year to34,688 million yen. This was mainly due to increase of 3,044 million yen in Cash and deposits .
< Liabilities > Total liabilities increased by 1,027 million yen from the end of the previous fiscal year to 5,489
million yen. This was mainly due to increase of 1,038 million yen in Notes and accounts payable trade.
< Net assets > Net assets increased by 1,727 million yen from the end of the previous fiscal year to 29,199
million yen due to increase of Retained earnings by 1,317 million yen.

2

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(3) Overview of cash flow for the fiscal year ended March 31, 2021
The balance of cash and cash equivalents on March 31, 2021 increased by 1,193 million yen from the end of
the previous fiscal year to 6,846 million yen. Main reasons are as follows.
< Cash flow from operating activities >Profit before income taxes was 2,610 million yen. After deducting 870 million yen of increase in accounts
receivables and other factors, cash flow from operating activities for the fiscal year ended March 31, 2021 was a
net inflow of 3,487 million yen (it was a net inflow of 3,558 million yen in the previous fiscal year).
< Cash flow from investment activities >Due to Proceeds from withdrawal of time deposits by 4,950 million yen and Payments into time deposits by 6,796
million yen, cash flow from investment activities for the fiscal year ended March 31, 2021 was a net outflow of 1,987
million yen (it was a net outflow of 1,475 million yen in the previous fiscal year).
< Cash flow from financing activities >Due to Cash dividends paid of 510 million yen and other factors, cash flow from financing activities for the
fiscal year ended March 31, 2021 was a net outflow of 561 million yen (it was a net outflow of 946 million yen in
the previous fiscal year).

(4) Business forecasts
The outlook for the business is highly uncertain due to the spread of COVID-19 infection and the prolonged
US-China trade friction. However, economic activity is expected to be on a recovery trend compared to the fiscal
year ended March 31, 2021 due to infection prevention measures and economic measures.
Under this market environment, we will continue to work toward sustainable growth while placing the highest
priority on the safety of our customers, business partners, and employees, and paying careful attention to theprevention of COVID-19 infection. In the mainstay take-out robot business, we will strive to increase our market
share by expanding sales of products suited to each region of the global market, and will further accelerate
development to further strengthen our product capabilities. Custom-ordered equipment, we will continue toexpand sales and continue to cultivate new businesses in response to the growing need for automation in Japanand overseas due to labor shortages and hygiene considerations. In particular, we will focus on sales of palletizing
robots, which was launched in the fiscal year ended March 31, 2021 and are expected to expand sales to newmarkets.
In addition, we will promote telework to both prevent the spread of the COVID-19 infection and reduce costs,
and we will further utilize IT tools to improve the efficiency of our work methods and increase productivity by
improving the quality, efficiency and speed of our operations. Furthermore, we will work to improve our brandvalue by promoting the internal penetration of our corporate identity, which was created to clarify the stance weneed to take in order to inherit the strengths and good qualities of YUSHIN and usher in a new era.
The forecast for the fiscal year ending March 31, 2022 is as follows.
Although the impact of the COVID-19 infection on our business activities will continue, we expect to see arecovery compared to the fiscal year ending March 31, 2021, and we expect operating expenses as upfront
investments to increase.
(Consolidated Earnings Forcasts)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent

20,000 million yen
2,600 million yen
2,630 million yen
1,840 million yen

Y/Y 8.3%
Y/Y 3.1%
Y/Y 0.8%
Y/Y 0.7%

The assumed exchange rates for the forecast are 105 yen to the U.S. dollar, 125 yen to the euro, and 16.0 yen to
the Chinese yuan.

3

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, 2020

(Thousands of yen)
As of March 31, 2021

8,646,219
5,410,654
772,690
1,120,628
3,165,533
19,143
276,266(19,247)
19,391,889

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

4,554,294
137,466
6,107,772
10,19996,244
10,905,978

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

358,333
358,333

254,601
254,601

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

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

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
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-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, 2020

As of March 31, 2021

895,133
803,258
418,287
137,9141,270,310
267,606
23,410178,399
256,484
4,250,803

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

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

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

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

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

16,443103,840(34,487)
62,16944,125242,216
27,471,961
31,933,368

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

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(2) Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Thousands of yen)
FY2021

FY2020Net 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
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 – current
Income taxes – deferred
Total income taxes

20,011,700
11,991,662
8,020,037
5,710,541
2,309,496

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

13,42833,05546,484

11,882
34,653
15,552
26,23088,3191,170
147,975
1,801
150,947
2,205,033

606
928
1,535
2,608,925

5,669
5,669

1,964
1,964

1,185
1,000
2,185
2,208,516
565,497
63,770629,26774
74
2,610,815
744,9428,029
752,971

ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

1,579,248

1,857,844

46,397
1,532,851

29,975
1,827,868

7

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

Consolidated statements of comprehensive income(Thousands of yen)
FY2021

FY2020
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

1,579,248

1,857,844(40,371)(230,213)(7,573)(278,159)
1,301,089

87,397340,450
2,583
430,4312,288,275

1,265,494

2,242,671

35,59445,604

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(3) Consolidated statements of changes in equity
FY2020(Thousands of Yen)
Shareholders’ equity

Balance at the beginning ofcurrent period

Share capital

CapitalsurplusRetainedearnings

Treasuryshares

Total
Shareholders’equity1,985,666

2,023,903

23,579,393(1,039,026)

26,549,936

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(581,027)(581,027)

1,532,851

1,532,851(316,140)(316,140)

Total changes during period--

951,824(316,140)

635,683

Balance at the end of current
period

1,985,666

2,023,903

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

27,185,619

Noncontrollinginterests

Total net
assets256,066

27,117,484

Accumulated other comprehensive income

Balance at the beginning ofcurrent period

Valuationdifference
on availablefor-salesecurities

Foreigncurrencytranslation
adjustment

Remeasurements ofdefinedbenefit plans

Total
accumulated
othercomprehensive
income56,815

184,923

69,743

311,482

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(581,027)
1,532,851(316,140)-(40,371)(219,411)(7,573)(267,356)(13,849)(281,206)

Total changes during period(40,371)(219,411)(7,573)(267,356)(13,849)

354,476

Balance at the end of current
period16,443(34,487)

62,16944,125242,216

27,471,961

9

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)
FY2021(Thousands of Yen)
Shareholders’ equity

Balance at the beginning ofcurrent period

Share capital

CapitalsurplusRetainedearnings

Treasuryshares

Total
Shareholders’equity1,985,666

2,023,903

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

27,185,619

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

10

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(4) Consolidated statements of cash flows(Thousands of yen)
FY2021

FY2020Cash flows from operating activities
Profit before income taxes
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
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Increase (decrease) in other current liabilities
Other, net
SubtotalInterest and dividends received
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of properly, plant and equipment
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
Dividends paid
Dividends paid to non-controlling interests
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
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

112,208,516
705,095

2,610,815
644,310

4,552

12,763(5,986)

14,691(14,110)

19,390

1,408

(40)

(13,428)
1,307,530
813,754(537,980)(405,313)
489,223
4,553,262
12,735(1,007,680)(11,882)
43,895
249,732
870,339(418,973)(94,671)
3,940,370
12,095(464,997)

3,558,317

3,487,467(2,952,483)
1,650,000(144,620)
10,340(39,136)(1,475,900)(6,796,678)
4,950,000(96,650)
4,315(48,612)(1,987,626)(316,140)(581,259)(49,444)(946,845)(54)(510,750)(50,246)(561,051)(151,632)

254,970

983,939
4,669,046
5,652,986

1,193,759
5,652,986
6,846,745

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(5) Notes to consolidated financial statements
Notes related to regarding premise of going concerns
Non applicable
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
FY2020 (from April 1, 2019 to March 31, 2020)(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

10,757,748

2,899,423

3,718,304

2,636,223

20,011,700-

20,011,700

3,993,494

12,997

284,807

1,572

4,292,872(4,292,872)

-

Total

14,751,243

2,912,420

4,003,112

2,637,795

24,304,573(4,292,872)

20,011,700

Segment profit

1,276,239

269,374

287,563

230,829

2,064,007

245,4882,309,496

Segment assets

19,988,749

2,185,266

3,662,469

1,830,034

27,666,521

4,266,847

31,933,368

628,686

34,011

24,32916,436

703,464

1,631

705,095

Other items
Depreciation

Increse inincrement of
144,667
19,807
10,91523,528
198,920
198,920
tangible &intangible assets*Notes 1: Adjustment is as follows.
(1) The 245,488 thousand yen adjustment to segment profit includes eliminations for inter-segment
transactions of 35,403 thousand yen and inventory adjustments of 210,085 thousand yen.
(2) The 4,266,847 thousand yen adjustment to segment assets includes eliminations for inter-segment
transactions of (2,552,677) thousand yen and operating funds of surplus assets by the Company (cash anddeposits) and long-term investments funds (investments securities) of 6,819,525 thousand yen.
*Notes 2: Segment profit is adjusted to be consistent with operating profit shown on the consolidated statements of income.
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.

13

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)
Per share indexes(Yen)
FY2020

FY2021Book-value per share (BPS)

800.04850.95

Earnings per share (EPS)

45.01

53.70

*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)
FY2020
Profit attributable to owners of parent

FY2021

1,532,851

1,827,868--

1,532,851

1,827,868

34,057,918 shares

34,035,592 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, 2020
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, 2021

27,471,961

29,199,402

242,216

236,879(242,216)(236,879)

27,229,745

28,962,522

34,035,612 shares

34,035,548 shares

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

Order, backlog and sales(1) Orders
1) Order received
Products(Thousands of yen)
FY2020

FY2021

Changes (%)

Take-out robots

11,885,742

12,785,093

7.6

Custom-ordered equipment

2,997,030

2,784,378(7.1)

Parts and maintenance service

3,168,566

3,145,886

(0.7)

Total

18,051,339

18,715,357

3.72) Backlog of orders
Products(Thousands of yen)
As of March 31, 2020

As of March 31, 2021

Changes (%)

Take-out robots

2,120,148

3,000,734

41.5

Custom-ordered equipment

2,061,460

1,423,775(30.9)

Parts and maintenance service

208,613207,106

(0.7)

Total

4,390,222

4,631,615

5.5(Thousands of yen)

(2) Net sales
Products

FY2020

FY2021

Changes (%)

Take-out robots

12,770,127

11,904,506(6.8)

Custom-ordered equipment

4,056,072

3,422,063(15.6)

Parts and maintenance service

3,185,499

3,147,394

(1.2)

Total

20,011,700

18,473,964(7.7)

Overseas sales
FY2020 (from April 1, 2019 to March 31, 2020)
North
AmericaI

Overseas sales(Thousands of yen)

3,343,857

Asia

Europe5,900,112

2,079,859

Other areas
527,965

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

Overseas sales

16.7

29.5

10.4

2.6

59.2

(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 (%)

11,851,794
20,011,700

FY2021 (from April 1, 2020 to March 31, 2021)
North
America
I

Total

Total
11,537,816
18,473,964

18.3

31.3

15

9.7

3.2

62.5

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

4. OtherAppointment and Retirement of Directors and Auditors
1. Representative (Effective on June 22, 2021)(1) Candidate for new Representative Director
Takayo Kotani, Representative Director, President(currently Executive Vice President)(2) Retiring Representative Director
Mayumi Kotani, Representative Director, President(she will be Honorary Chairperson after retirement)
2. Other Members (Effective on June 22, 2021)(1) Candidate for new Corporate Auditor
Naohiro Tsuda, External Corporate Auditor
Note: Mr. Naohiro Tsuda is an External Corporate Auditor as defined in Article 2, Item 16 of theCompanies Act.
(2) Retiring Director
Satoshi Kimura, Exective Managing Director(3) Retiring Corporate Auditor
Yoshihisa Nakanishi, Corporate Auditor
Michitoshi Morimoto, External Corporate Auditor
End of Materials

16