<Translation>
February 5, 2020

Consolidated Financial Results for the Nine Months
Ended December 31, 2019 <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
Scheduled date to submit quarterly report:
February 14, 2020
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, 2019(from April 1, 2019 to December 31, 2019)(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%

December 31, 201915,194

(4.9)

1,631

(14.9)

1,576(15.0)

December 31, 2018

15,981

4.8

1,916

19.3

1,854

9.7

Note: Comprehensive income Nine months ended December 31, 2019:
Nine months ended December 31, 2018:
Basic earnings
per share
Nine months ended

1,092 million yen [ (17.4) %]1,321 million yen [ ( 6.7) %]Diluted earnings
per share
Yen

Yen

December 31, 2019

33.06

-

December 31, 2018

38.03

-

(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen%

As of December 31, 2019

32,36927,267

83.4

As of March 31, 201933,197

27,11780.9

Reference: Equity capital
As of December 31, 2019: 27,011 million yen

Millions of yen

As of March 31, 2019: 26,861 million yen%

1,126 (15.3)
1,329

15.3

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

2. Cash Dividends
Annual dividends per share
1Q
FY2019FY2020

2Q

3Q

Total

4Q

Yen

Yen

Yen

Yen

Yen

-

8.00
8.00

-

9.00

17.00

-

10.00

18.00

-

FY2020 (Forecast)
Note: Revisions to projected dividends most recently announced: None

3. Consolidated Earnings Forecast for the FY2020 (from April 1, 2019 to March 31, 2020)
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

20,000(8.4)
2,300(16.7)
2,250
FY2020Note: Revisions to projected results most recently announced: Yes%

Millions of
yen

%

Yen

(19.4)

1,550(18.6)

45.50* 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,
201935,638,066
shares

As of March 31,
201935,638,066
Shares

As of Dec. 31,
2019
Nine months
ended Dec. 31,
20191,602,448
Shares

As of March 31,
2019
Nine months
ended Dec. 31,
2018

1,333,548
Shares

34,064,608
shares34,974,056
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< 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 nine month ended December 31, 2019, there was some agreement on
trade friction between the U.S. and China. On the other hand, the uncertainty over the future has led to a decline
in capital investment willingness around the world, and the environment surrounding YUSHIN Group continues
to be unpredictable.
In these circumstances, YUSHIN Group has continued to work on developing new customers on a global scale,but orders remained weak Y/Y during the nine months ended December 31, 2019.
The business results for the nine months ended December 31, 2019 are as follows. While sales of Customordered equipment in Europe increased significantly Y/Y, sales of Take-out robots declined Y/Y as capital
investment in Asia, mainly China, and Japan did not improve. As a result, the consolidated net sales decreased by
4.9% year on year to 15,194 million yen. Selling, general and administrative expenses decreased Y/Y due to theongoing improving business efficiency, but Operating profit decreased by 14.9% year on year to 1,631 million
yen due to a decrease in sales. Ordinary profit decreased by 15.0% year on year to 1,576 million yen due to foreignexchange losses. As a result, profit attributable to owners of parent decreased by 15.3% year on year to 1,126
million yen.

(2) Explanation on the financial condition<Assets>
Total assets decreased by 828 million yen from the end of the previous fiscal year to 32,369 million yen. Thiswas mainly due to decrease of “Notes and accounts receivable - trade” by 1,052 million yen.
<Liabilities>
Total liabilities decreased by 977 million yen from the end of the previous fiscal year to 5,101 million yen. Thiswas mainly due to decrease of “Income taxes payable” by 465 million yen.
<Net assets>
Net assets increased by 149 million yen from the end of the previous fiscal year to 27,267 million yen.

(3) Explanation on the forecast information including consolidated earnings forecast and others
Even after the financial results announced on November 7, 2019, although there has been some agreement on
trade friction between the U.S. and China, the sense of slowdown in China's economic growth has increased. In
addition, uncertainty about the global economy outlook has been further intensified because of an increase ingeopolitical risks due to the conflict between the U.S. and Iran, and the future impact of the outbreak of thecoronavirus in China.
As a result, companies' willingness for capital investment has further declined, and orders have been worse
than expected, especially for Take-out robots. Accordingly, for Net sales, Operating profit, Ordinary profit andProfit attributable to owners of parent, the consolidated earnings forecast for the FY2020 released on November
7, 2019 has been revised as follows.
(Millions of yen)
ProfitBasic
Operating
Ordinary
attributable to
Net salesearnings per
profitprofitowners ofshareparentMillions of yen
Millions of yen
Millions of yen
Millions of yen
Previous Forecast (A)Yen(November 7, 2019)
21,000
2,650
2,600
1,850
54.29
Revised Forecast (B)20,000
2,300
2,250
1,550
45.50
Change (B-A)(1,000)
(350)
(350)
(300)
Percentage Change (%)(4.8)(13.2)(13.5)(16.2)FY2019 (Reference)
21,833
2,760
2,791
1,903
54.54

2

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

2. Quarterly Consolidated Financial Statements and Notes(1) Quarterly consolidated balance sheets
As of March 31, 2019<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, 2019

6,362,933
6,844,705
717,394
1,696,139
3,619,833
742,175(18,327)
19,964,853

7,865,954
5,791,748
1,142,116
1,142,176
3,177,691
517,319(21,984)
19,615,023

4,995,284
6,130,716
282,464
11,408,464
429,392

4,679,277
6,121,368
267,947
11,068,592
359,678

218,062
294,037
705,335
196,910(19,795)
1,394,549
13,232,406
33,197,260

226,082
288,193
639,142
193,254(20,881)
1,325,791
12,754,063
32,369,086

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(Thousands of yen)
As of March 31, 2019
<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, 2019

2,367,211
492,256
523,827
1,755,449
273,647
37,520147,609
262,5435,860,064

2,149,199
492,855
58,742
1,520,337
137,681
25,312
156,403345,1034,885,637

66,78065,72337,32449,882219,710
6,079,775

66,78067,19834,97947,259216,217
5,101,854

1,985,666
2,023,903
23,579,393(1,039,026)
26,549,936

1,985,666
2,023,903
24,124,650(1,355,163)
26,779,056

56,81562,389184,923
69,743104,980
64,676

311,482

232,046

256,066
27,117,484
33,197,260

256,128
27,267,231
32,369,086

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
Nine months ended
December 31, 2018
15,981,981
9,568,519
6,413,461
4,496,590
1,916,871

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Purchase discounts
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, 201915,194,072
9,200,764
5,993,308
4,362,230
1,631,077

4,396
5,159
10,421
19,14839,125

5,031
6,646
8,097
7,511
27,286660
99,301
1,516
101,479
1,854,517

746
80,119544
81,411
1,576,952

733
733

4,513
4,513

9,298

1,185

204
9,503
1,845,746
472,416
1,373,330

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

43,33936,264

1,329,991

1,126,284

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

Quarterly consolidated statements of comprehensive income
Nine months ended December
Nine months ended
December 31, 2018
1,373,330

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, 2019
1,162,548(43,829)

5,573(4,530)(70,995)(3,168)(5,066)(51,528)
1,321,802(70,487)
1,092,061

1,278,673

1,046,848

43,12845,212

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 FY2019 (from April 1, 2018 to December 31, 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 ofincome *2

Japan

U.S.A.

Asia

Sales to customers

8,756,696

2,622,963

3,851,698

750,621

15,981,981-

15,981,981

Inter-segment sales
or transfers

3,786,231

17,154

202,889

3,129

4,009,405(4,009,405)

-

Total

12,542,928

2,640,117

4,054,588

753,751

19,991,386(4,009,405)

15,981,981

Segment profit

1,324,917

250,105

403,077

78,9192,057,020(140,149)

1,916,871

Net sales*Notes 1: The (140,149) thousand yen adjustment to segment profit includes eliminations for inter-segment
transactions of 20,270 thousand yen and inventory adjustments of (160,420) 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 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 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 FY2019

Change(%)

Nine Months of FY2020

Take-out robots

12,137,313

9,352,113

77.1

Custom-ordered equipment

2,970,034

2,561,152

86.2

Parts and maintenance service

2,629,517

2,308,221

87.8

Total

17,736,865

14,221,487

80.22) Backlog of orders
Products(Thousands of yen)
As of December 31, 2018

Change(%)

As of December 31, 2019

Take-out robots

3,720,061

2,350,676

63.2

Custom-ordered equipment

3,245,933

2,824,301

87.0

Parts and maintenance service

325,817

203,019

62.3

Total

7,291,812

5,377,997

73.8

b. Net sales(Thousands of yen)

Products

Nine Months of FY2019

Change(%)

Nine Months of FY2020

Take-out robots

11,384,963

10,005,969

87.9

Custom-ordered equipment

2,046,010

2,857,354

139.7

Parts and maintenance service

2,551,006

2,330,748

91.4

Total

15,981,981

15,194,072

95.1(2) Overseas sales
Nine Months of FY2019 (from April 1, 2018 to December 31, 2018)

I Overseas sales

North
AmericaAsia2,464,272

5,925,934(Thousands of yen)
EuropeOther areas

727,854507,556

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

15.4

37.1

4.6

3.2

60.2

(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 (%)

9,625,619
15,981,981

Nine Months of FY2020 (from April 1, 2019 to December 31, 2019)

I Overseas sales

Total

Total
9,091,830
15,194,072

18.0

31.3

8

7.9

2.7

59.8