<Translation>

August 3, 2017

Consolidated Financial Results
for the First Quarter Ended June 30, 2017
<under Japanese GAAP>
Company Name: YUSHIN PRECISION EQUIPMENT CO., LTD.
Listing:First Section of the Tokyo Stock Exchange
Securities code: 6482
URL:
http://www.yushin.com
Representative: Mayumi Kotani, President and Representative Director
Inquiries:
Masahito Fukui, Executive officer and General Manager of Corporate Management Department
Tel: +81-75-933-9168 (from overseas)
Scheduled date to submit quarterly report:
August 10, 2017
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, 2017(from April 1, 2017 to June 30, 2017)(1) Consolidated operating results (Cumulative)

Net sales
Three months ended(Percentages indicate year-on-year changes)
Net income attributable
Ordinary income
to shareholders of theparent company

Operating income

Millions of yen% Millions of yen

June 30, 2017

4,566

9.1

June 30, 2016

4,184 (14.9)% Millions of yen% Millions of yen

451 (30.0)

481

2.8

344

4.4

644

468 (28.9)

330(27.8)

5.4

Note: Comprehensive income
Three months ended June 30, 2017: 391 million yen [ - %]Three months ended June 30, 2016: (70) million yen [ - %]Net income per share
Three months ended
June 30, 2017
June 30, 2016

As of June 30, 2017
As of March 31, 2017

Diluted net income
per share

Yen

Yen

19.71
18.89-(2) Consolidated financial position
Total assets%Net assets

Equity ratio

Millions of yen

Millions of yen%

30,75630,76125,45025,451

82.2
82.1

Reference: Equity capital (Net assets less non-controlling interests)
As of June 30, 2017: 25,272 million yen
As of March 31, 2017: 25,258 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

-

21.00

36.00

15.00

-

18.00

33.00

FY2017FY2018FY2018 (Forecast)

Note: Revisions to projected dividends most recently announced: None

3. Consolidated Earnings Forecasts for the FY2018 (from April 1, 2017 to March 31, 2018)
Operatingincome

Net salesFirst six months ending
September 30, 2017

FY2018(Percentages indicate year-on-year changes)
Net income
Net
attributable toOrdinary income
incomeshareholders of theper shareparent company

Millions ofyen%Millions ofyen%Millions ofyen%Millions ofyen%

Yen

10,200

14.0

1,250

(7.0)

1,250

8.7

850

0.0

48.61

21,000

8.5

2,700

27.8

2,700

31.2

1,900

37.7

108.65

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) Adoption of special
accounting methods for preparation of quarterly financial statements” on page 7 of [Attached Material] forfurther 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:(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, 2017
17,819,033 shares
As of March 31, 2017
17,819,033 shares
2) Number of shares of treasury stock at the end of the period
As of June 30, 2017
331,740 shares
As of March 31, 2017
331,715 shares
3) Average number of outstanding shares during the period
Three months ended June 30, 2017 17,487,312 shares
Three months ended June 30, 2016 17,487,793 shares* Information regarding the implementation of quarterly review proceduresThis quarterly financial information included in this summary is out of scope of quarterly review.

None
None
None
None

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)* 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 shallprevail. YUSHIN PRECISION EQUIPMENT CO., LTD. shall accept no responsibility or liability fordamages or loss caused by any error, inaccuracy, misunderstanding or misspelling with regard to thistranslation. This translation may be used only for reference purposes. YUSHIN PRECISION EQUIPMENTCo., LTD. maintains the right to claim compensation from violators for any damage or loss it may suffer fromthe 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 ············· 22. 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 ······································································ 5Quarterly 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 resultsAs for the world economy during the first quarter ended June 30, 2017, there was modest recovery
centering around developed countries. Although economic growth in China and emerging countries slowed
down, the economy of the US continued a mild expansion against a background of steady individual
consumption and improvements of the employment environment. In Europe, the economy was steadydespite uncertainty caused by geopolitical risk.
In these circumstances, Yushin Group has strived to expand operation in a new business area, todevelop new products and to obtain new world-class customers and the booking remained steady in the firstquarter ended June 30, 2017. The consolidated net sales increased by 9.1% year on year to 4,566 million
yen due to the increase of sales of take-out robots. However operating income decreased by 30.0% year on
year to 451 million yen mainly due to cost for development of new take-out robot and increase indepreciation related to new HQ building. Ordinary income increased by 2.8% year on year to 481 million
yen due to foreign exchange gains and net income attributable to the parent company increased by 4.4%
year on year to 344 million yen.
(2) Explanation on the financial condition<Assets>
Total assets decreased by 5 million yen from the end of the previous fiscal year to 30,756 million yen.
<Liabilities>
Total liabilities decreased by 4 million yen from the end of the previous fiscal year to 5,305 million yen.
<Net assets>
Net assets decreased by 1 million yen from the end of the previous fiscal year to 25,450 million yen.
(3) Explanation on the forecast information including consolidated earnings forecast and othersNo revisions for interim and full year have been made to consolidated earnings forecasts for theFY2018 released on May 10, 2017.

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, 2017

As of June 30, 2017

Cash and deposits

5,734,493

5,830,793

Notes and accounts receivable - trade

6,479,748

6,011,243

Merchandise and finished goods

769,815

1,022,312

Work in process

884,830

905,593

2,179,141

2,661,490

Deferred tax assets

431,885

433,179

Other

890,084

621,723

Allowance for doubtful accounts(21,298)(26,293)

17,348,701

17,460,044

Buildings and structures

6,041,212

5,889,256

Land

5,784,160

5,778,419

Other

430,441436,638

12,255,813

12,104,314

473,285

474,838

Investment securities

220,783

264,628

Net defined benefit asset

292,959

292,389

Other

170,444

160,069

Allowance for doubtful accounts

(251)

(251)

Total investments and other assets

683,936

716,836

13,413,034

13,295,988

30,761,736

30,756,032<ASSETS>
Current assets

Raw materials and supplies

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, 2017

As of June 30, 2017

2,992,278

2,890,324

Accounts payable - other

750,992

616,032

Income taxes payable

100,112232,740

Advances received

604,929

577,950

Provision for bonuses

252,861

132,591

Provision for directors’ bonuses

22,7109,624Provision for product warranties

122,870

130,381

Other

253,458

498,498

5,100,213

5,088,143

Provision for directors’ retirement benefits

66,78066,780Net defined benefit liability

53,85349,639Deferred tax liabilities

29,73943,063

Other59,431

57,912

Total non-current liabilities

209,805

217,395

5,310,018

5,305,538

Capital stock

1,985,666

1,985,666

Capital surplus

2,023,903

2,023,903

Retained earnings

21,273,290

21,250,771

Treasury stock(353,994)(354,063)

24,928,866

24,906,277

Valuation difference on available-for-sale securities

58,54588,995

Foreign currency translation adjustment

203,291

209,708

Remeasurements of defined benefit plans

67,69967,814

Total accumulated other comprehensive income

329,536

366,518

193,315

177,697

Total net assets

25,451,718

25,450,494

Total liabilities and net assets

30,761,736

30,756,032<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 comprehensiveincome
Quarterly consolidated statements of income(Thousands of yen)Three months ended
June 30, 2017

Three months ended
June 30, 2016
Net sales

4,184,845

4,566,613

Cost of sales

2,313,541

2,538,301

Gross profit

1,871,304

2,028,312

Selling, general and administrative expenses

1,226,991

1,577,186

644,312451,125

Interest income

1,806

1,466Dividends income

2,346

2,337

Purchase discounts

2,927

3,540-

18,047

Subsidy income

11,672

-

Other

3,405

5,034

Total non-operating income

22,15730,427249

210

198,075-

00

198,324210

468,145

481,342Gain on sales of non-current assets

823

134

Total extraordinary income

823

134

Loss on sales and retirement of non-current assets

252

164

Total extraordinary losses

252

164

Income before income taxes

468,715

481,312

Income taxes

132,227

129,065

Net income

336,488352,246

6,209

7,532

330,279

344,713

Operating income
Non-operating income

Foreign exchange gains

Non-operating expenses
Sales discounts
Foreign exchange losses
OtherTotal non-operating expenses
Ordinary income
Extraordinary income

Extraordinary loss

Net income attributable to non-controlling interests
Net income attributable to shareholders of the parentcompany

5

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

Quarterly consolidated statements of comprehensive income
Three months ended
June 30, 2016

(Thousands of yen)Three months ended
June 30, 2017

336,488352,246

Valuation difference on available-for-sale securities(18,227)

30,450Foreign currency translation adjustments(389,059)

8,404

(15)

115

(407,301)

38,970(70,812)391,217(62,926)

381,696(7,886)

9,520

Net income
Other comprehensive income

Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable to shareholders of
the parent company
Comprehensive income attributable to non-controllinginterests

6

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 theapplication of tax effect accounting is reasonably estimated, and this estimated rate is applied to net
income for the quarterly period under review.
Income taxes–deferred are included in income taxes in the consolidated statements of income.
< Segment information >FY2017 1Q (from April 1, 2016 to June 30, 2016)
Information related to sales and profit or loss for each reportable segment(Thousands of yen)
Reportable segment
TotalAdjustment*1

Amounts shown onquarterly consolidated
statements of income
*2

Japan

U.S.A.

AsiaEurope

2,072,051

893,380

1,109,646

109,766

4,184,845-

4,184,845

970,616

3,674

51,757-

1,026,048(1,026,048)-

3,042,668

897,054

1,161,403

109,766

5,210,893(1,026,048)

4,184,845

254,430

140,058

120,565

12,037

527,091

117,221644,312Net salesSales to customers
Inter-segment salesor transfers
Total
Segment profit*Notes 1: The 117,221 thousand yen adjustment to segment profit includes eliminations for inter-segment transactions of 37,543
thousand yen and inventory adjustments of 79,678 thousand yen.
*Notes 2: Segment profit is adjusted to be consistent with operating income shown on the quarterly consolidated statements ofincome.

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
TotalAdjustment*1Amounts shown onquarterly consolidated
statements of income*2JapanU.S.A.

AsiaEurope

2,336,506

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.
7YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

3. Supplemental Information(1) Orders, backlog and sales
a. Orders
1) Order received
Products(Thousands of yen)
FY2017 1Q

ChangeFY2018 1Q(%)

Take-out robots

3,184,336

3,820,461

120.0

Custom-ordered equipment

1,007,214

553,29454.9

Parts and maintenance service

752,837

750,93199.7

4,944,388

5,124,687

103.6

Total(Thousands of yen)

2) Backlog of orders
ProductsAs of June 30, 2016

ChangeAs of June 30, 2017(%)

Take-out robots

2,014,271

2,879,089

142.9

Custom-ordered equipment

1,319,728

1,079,596

81.8

Parts and maintenance service

206,950

266,984129.0

3,540,950

4,225,670

119.3

Total

(Thousands of yen)b. Net sales
Products

FY2017 1Q

Take-out robots

ChangeFY2018 1Q(%)

3,091,216

3,362,304

108.8

Custom-ordered equipment

352,660

513,610

145.6

Parts and maintenance service

740,968

690,698

93.2

4,184,845

4,566,613

109.1

Total

(2) Overseas Sales
FY2017 1Q (from April 1, 2016 to June 30, 2016)
North America
I

Overseas sales

864,216(Thousands of yen)
Asia

Europe1,567,354

Other areas

166,959

Total

67,375

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

4,184,845
20.7

37.5

4.0

1.6

North America
Overseas sales

763,103

Asia

Europe1,811,342

Other areas

180,621

133,245

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

63.7(Thousands of yen)

FY2018 1Q (from April 1, 2017 to June 30, 2017)

I2,665,906

Total
2,888,3124,566,613

16.7

39.7

8

4.0

2.9

63.2