<Translation>
August 3, 2018

Consolidated Financial Results for the First Quarter
Ended June 30, 2018 <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, President and Representative Director
Inquiries:
Masahito Fukui, Executive officer and General Manager of Corporate Management Department
Tel: +81-75-933-9555 (from overseas)
Scheduled date to submit quarterly report:
August 10, 2018
Scheduled date to commence dividend payments:
Preparation of supplementary materials on financial results: None
Holding of financial results briefing:
None(Amounts less than one million yen are omitted, unless otherwise noted)

1. Consolidated Business Results for the First Quarter Ended June 30, 2018(from April 1, 2018 to June 30, 2018)(1) Consolidated operating results (Cumulative)

Net sales
Three months ended(Percentages indicate year-on-year changes)
Net income attributable
Ordinary income
to shareholdersof the parent

Operating income

Millions of yen% Millions of yen% Millions of yen

June 30, 2018

4,982

9.1

443

(1.7)

June 30, 2017

4,566

9.1

451 (30.0)% Millions of yen%

431 (10.3)

295(14.2)

481

344

4.4

2.8

Note: Comprehensive income
Three months ended June 30, 2018: 304 million yen [ (22.2) %]Three months ended June 30, 2017: 391 million yen [- %]Net income per share
Three months ended
June 30, 2018
June 30, 2017

Diluted net income
per share

Yen

Yen

8.45
9.86

-

Note: The Company carried out a stock split on April 1, 2018, at a ratio of two shares per one common share.
Accordingly, Net income per share has been calculated presuming that this stock split was carried out at the startof the previous consolidated fiscal year.

(2) Consolidated financial position
Total assets
As of June 30, 2018
As of March 31, 2018

Net assets

Equity ratio

Millions of yen

Millions of yen%

32,25032,572

26,42526,472

81.3
80.6

Reference: Equity capital (Net assets less non-controlling interests)
As of June 30, 2018: 26,223 million yen
As of March 31, 2018: 26,243 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

-

15.00

-

18.00

33.00

8.00

-

9.00

17.00

FY2018FY2019FY2019 (Forecast)

Note 1: Revisions to projected dividends most recently announced: None
Note 2: The Company carried out a stock split on April 1, 2018 at a ratio of two shares per one common share.
The actual dividend amount prior to the stock split is noted here for the fiscal year ended in March 2018
(FY2018).

3. Consolidated Earnings Forecasts for the FY2019 (from April 1, 2018 to March 31, 2019)
OperatingincomeNet salesFirst six months ending
September 30, 2018

FY2019(Percentages indicate year-on-year changes)
Net income
Net
attributable toOrdinary income
incomeshareholders
per shareof the parent

Millions ofyen%Millions ofyen%Millions ofyen%Millions of
yen

%

Yen

11,000

12.9

1,300

31.2

1,300

25.0

900

20.8

25.73

22,000

5.4

2,600

10.2

2,600

6.9

1,800

10.6

51.47

Note: Revisions to projected results most recently announced: None

* Notes(1) Changes in significant subsidiaries during the period (Changes in specified subsidiaries accompanying
changes in scope 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 toquarterly consolidated financial statements < Adoption of special accounting methods for preparation ofquarterly financial statements >” on page 7 of [Attached Material] for further information.
(3) Changes in accounting policies, changes in accounting estimates, and restatement
1) Changes in accounting policies due to revisions to accounting standards and other regulations:
2) Changes in accounting policies due to other reasons:3) Changes in accounting estimates:
4) Restatement:

None
None
None
None

(4) Number of issued shares (Common stock)1) Number of issued shares at the end of the period (including shares of treasury stock)
As of June 30, 201835,638,066 shares
As of March 31, 201835,638,066 shares
2) Number of shares of treasury stock at the end of the period
As of June 30, 2018
663,964 shares
As of March 31, 2018
663,964 shares
3) Average number of outstanding shares during the period
Three months ended June 30, 2018 34,974,102 shares
Three months ended June 30, 2017 34,974,624 shares
Note: The Company carried out a stock split on April 1, 2018, at a ratio of two shares per one common share.
Accordingly, Number of issued shares (Common stock), Number of shares of treasury stock at the endof the period, and Average number of outstanding shares during the period has been calculated
presuming that this stock split was carried out at the start of the previous consolidated fiscal year.

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)* This “Consolidated Financial Results for the First Quarter” report is not subject to quarterly review proceduresby certified 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< Additional information > ···························································································· 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
As for the global economy during the first quarter ended June 30, 2018, the economic expansion
continued in the United States, reflecting improvement in employment conditions, although there is
uncertainty caused by protective trade policy. Also, in Europe, the economy was moderately recovered due
to improvement of employment and income environment. Additionally, in China and developing countries,
the economy was firm by increase in export based on world economy expansion and recovery.
In these circumstances, Yushin Group has strived to develop new products and to obtain new worldclass customers. Therefore the booking remained steady in the first quarter ended June 30, 2018. The
consolidated net sales increased by 9.1% year on year to 4,982 million yen due to the increase of sales oftake-out robots. However, due to the change in product mix in sales and material procurement difficulties,
etc. operating income decreased by 1.7% year on year to 443 million yen, and ordinary income decreasedby 10.3% year on year to 431 million yen due to foreign exchange losses. As a result, net income
attributable to the parent decreased by 14.2% year on year to 295 million yen.
(2) Explanation on the financial condition<Assets>
Total assets decreased by 322 million yen from the end of the previous fiscal year to 32,250 million yen.
<Liabilities>
Total liabilities decreased by 276 million yen from the end of the previous fiscal year to 5,824 million
yen.
<Net assets>
Net assets decreased by 46 million yen from the end of the previous fiscal year to 26,425 million yen.
(3) Explanation on the forecast information including consolidated earnings forecast and others
No revisions for interim and full year consolidated earnings forecasts have been made for the FY2019
released on May 10, 2018.

2

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

2. Quarterly Consolidated Financial Statements and Notes(1) Quarterly consolidated balance sheets(Thousands of yen)
As of March 31, 2018

As of June 30, 2018

Cash and deposits

5,655,106

5,748,387

Notes and accounts receivable - trade

7,042,925

6,492,994

825,365

957,397

Work in process

1,117,029

1,300,578

Raw materials and supplies

3,542,893

3,673,355

Other764,426

604,945

Allowance for doubtful accounts(20,151)(20,125)

18,927,595

18,757,533

Buildings and structures

5,424,201

5,311,839

Land

6,133,446

6,132,501

Other

325,771

325,962

11,883,420

11,770,303

494,152

470,432

Investment securities

276,387244,616

Net defined benefit asset

274,331

273,081Deferred tax assets

574,606

566,474

Other

162,895

187,787

Allowance for doubtful accounts(20,501)(20,188)

Total investments and other assets

1,267,720

1,251,771

13,645,293

13,492,506

32,572,888

32,250,040<ASSETS>
Current assets

Merchandise and finished goods

Total current assets
Non-current assets
Property, plant and equipment

Total property, plant and equipment
Intangible assets
Investments and other assets

Total non-current assets
Total assets

3

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(Thousands of yen)
As of March 31, 2018

As of June 30, 2018

2,905,292

2,818,274

Accounts payable - other505,356

473,192

Income taxes payable

608,628

133,074

Advances received

1,175,887

1,374,291

Provision for bonuses

256,847

148,426

Provision for directors’ bonuses

29,8408,439

Provision for product warranties

145,325

142,211

Other

270,318

512,110

5,897,496

5,610,020

Provision for directors’ retirement benefits

66,78066,780Net defined benefit liability

51,48662,365

Deferred tax liabilities

32,85532,208Other

52,23652,706

Total non-current liabilities

203,358

214,060

6,100,854

5,824,081

Capital stock

1,985,666

1,985,666

Capital surplus

2,023,903

2,023,903

Retained earnings

22,270,517

22,251,407

Treasury stock(354,848)(354,848)

25,925,238

25,906,128

Valuation difference on available-for-sale securities

97,10375,002Foreign currency translation adjustment

164,323

186,309

Remeasurements of defined benefit plans

56,982

55,926

Total accumulated other comprehensive income

318,409317,237

228,385

202,592

Total net assets

26,472,034

26,425,958

Total liabilities and net assets

32,572,888

32,250,040<LIABILITIES>Current liabilities
Notes and accounts payable - trade

Total current liabilities
Non-current liabilities

Total liabilities<NET ASSETS>
Shareholders' equity

Total shareholders’ equity
Accumulated other comprehensive income

Non-controlling interests

4

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(2) Quarterly consolidated statements of income and consolidated statements of comprehensive
incomeQuarterly consolidated statements of income(Thousands of yen)Three months ended
June 30, 2018

Three months ended
June 30, 2017
Net sales

4,566,613

4,982,033

Cost of sales

2,538,301

3,015,390

Gross profit

2,028,312

1,966,642

Selling, general and administrative expenses

1,577,186

1,523,089

451,125

443,553

Interest income

1,466

1,649

Dividends income

2,337

2,535

Purchase discounts

3,540

3,477

Foreign exchange gains

18,047

-

Other

5,034

5,162

Total non-operating income

30,427

12,825210

241

Foreign exchange losses-

24,191

Other

0

0

210

24,432

481,342431,945

Gain on sales of non-current assets

134

151

Total extraordinary income

134

151

Loss on sales and retirement of non-current assets

164

40

Total extraordinary losses

164

40

Income before income taxes

481,312432,056

Income taxes

129,065

122,051

Net income

352,246

310,004

Net income attributable to non-controlling interests

7,532

14,348Net income attributable to shareholders of the parent

344,713295,656

Operating income
Non-operating income

Non-operating expenses
Sales discounts

Total non-operating expenses
Ordinary income
Extraordinary income

Extraordinary loss

5

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

Quarterly consolidated statements of comprehensive income
Three months ended
June 30, 2017

(Thousands of yen)Three months ended
June 30, 2018352,246

310,004

Valuation difference on available-for-sale securities

30,450(22,101)

Foreign currency translation adjustments

8,404

17,564Remeasurements of defined benefit plans

115(1,056)38,970(5,593)391,217

304,411

381,696

294,484

9,520

9,926

Net income
Other comprehensive income

Total other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable to shareholders of
the parent
Comprehensive income attributable to non-controllinginterests

6

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(3) Notes related to quarterly consolidated financial statements
None< Notes related to going concern assumption >< 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 of tax effectaccounting is reasonably estimated, and this estimated rate is applied to net income for the quarterly period under review.

< Additional information >Adoption the "Partial Amendments to Accounting Standard for Tax Effect Accounting, etc.
Effective beginning the three-month period ended June 30, 2018, Yushin Group has adopted the "Partial Amendments
to Accounting Standard for Tax Effect Accounting, etc. (ASBJ Guidance No.28 of February 16, 2018)." As a result of
adoption, deferred tax assets have been classified in the section of investments and other assets, and deferred tax
liabilities have been classified in the section of non-current liabilities.

< Segment information >FY2018 1Q (from April 1, 2017 to June 30, 2017)
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 of income
*2

Japan

U.S.A.

Asia

Europe2,336,506

837,492

1,247,566

145,049

4,566,613-

4,566,613

1,183,668

3,022

64,295-

1,250,986(1,250,986)-

3,520,174

840,515

1,311,861

145,049

5,817,600(1,250,986)

4,566,613

199,462

85,462

126,961

34,548446,434

4,691

451,125

Net sales
Sales to customers
Inter-segment sales
or transfers
Total
Segment profit*Notes 1: The 4,691 thousand yen adjustment to segment profit is inventory adjustments.
*Notes 2: Segment profit is adjusted to be consistent with operating income shown on the quarterly consolidated statements ofincome.

FY2019 1Q (from April 1, 2018 to June 30, 2018)
Information related to sales and profit or loss for each reportable segment(Thousands of yen)
Reportable segment
Total
EuropeAdjustment*1

Amounts shown onquarterly consolidated
statements of income
*2

Japan

U.S.A.

Asia

2,628,343

882,555

1,378,632

92,502

4,982,033-

4,982,033

1,142,867

7,740

66,676271

1,217,556(1,217,556)-

3,771,210

890,296

1,445,309

92,773

6,199,589(1,217,556)

4,982,033

193,133

41,625

158,016(5,642)

387,133

56,419443,553

Net sales
Sales to customers
Inter-segment sales
or transfers
Total
Segment profit*Notes 1: The 56,419 thousand yen adjustment to segment profit includes eliminations for inter-segment transactions of 17,488
thousand yen and inventory adjustments of 38,931 thousand yen.
*Notes 2: Segment profit is adjusted to be consistent with operating income shown on the quarterly consolidated statements ofincome.

7

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

3. Supplemental Information(1) Orders, backlog and sales
a. Orders
1) Order received
Products(Thousands of yen)
FY2018 1Q

Take-out robots

ChangeFY2019 1Q(%)

3,820,461

4,246,466

111.2

Custom-ordered equipment

553,294

847,428

153.2

Parts and maintenance service

750,931

840,165

111.9

5,124,687

5,934,060

115.8

Total

(Thousands of yen)

2) Backlog of orders
Products

As of June 30, 2017

ChangeAs of June 30, 2018(%)

Take-out robots

2,879,089

3,338,407

116.0

Custom-ordered equipment

1,079,596

2,818,158

261.0

Parts and maintenance service

266,984

332,388124.5

4,225,670

6,488,954

153.6

Total

(Thousands of yen)b. Net sales
Products

FY2018 1Q

Take-out robots

ChangeFY2019 1Q(%)

3,362,304

3,875,769

115.3

Custom-ordered equipment

513,610351,180

68.4

Parts and maintenance service

690,698

755,084

109.3

4,566,613

4,982,033

109.1

Total

(2) Overseas Sales
FY2018 1Q (from April 1, 2017 to June 30, 2017)
North America
I

Overseas sales

763,103(Thousands of yen)
Asia

Europe1,811,342

Other areas

180,621

Total

133,245

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

4,566,613
16.7

39.7

4.0

2.9

North America
Overseas sales

776,285

Asia

Europe2,079,699

Other areas

162,101

193,168

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

63.2(Thousands of yen)

FY2019 1Q (from April 1, 2018 to June 30, 2018)

I

2,888,312

Total
3,211,255
4,982,033

15.6

41.7

8

3.3

3.9

64.5