<Translation>
February 5, 2019

Consolidated Financial Results for the Nine Months
Ended December 31, 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
Scheduled date to submit quarterly report:
February 14, 2019
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, 2018(from April 1, 2018 to December 31, 2018)(1) Consolidated operating results (Cumulative)(Percentages indicate year-on-year changes)
Net income attributable
Operating income
Ordinary income
to shareholdersof the parent

Net sales
Nine months ended

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

Millions of yen%

December 31, 2018

15,981

4.8

1,916

19.3

1,854

9.7

1,329

15.3

December 31, 201715,251

10.4

1,606

(3.5)

1,690

6.7

1,153

2.6

Note: Comprehensive income Nine months ended December 31, 2018:
Nine months ended December 31, 2017:

1,321 million yen [ (6.7) %]1,416 million yen [ 19.9 %]Net income per share Diluted net income per share
Nine months ended
December 31, 2018
December 31, 2017

Yen

Yen

38.03
32.98

-

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 December 31, 2018
As of March 31, 2018

Net assets

Equity ratio

Millions of yen

Millions of yen%

32,921
32,572

27,163
26,47281.8
80.6

Reference: Equity capital
As of December 31, 2018: 26,927 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
FY2018FY2019FY2019 (Forecast)

2Q

3Q

Total

4Q

Yen

Yen

Yen

Yen

Yen

-

15.00
8.00

-

18.00

33.00

9.00

17.00

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 Forecast for the FY2019 (from April 1, 2018 to March 31, 2019)

Net sales

FY2019(Percentages indicate year-on-year changes)
Net income
Net
attributable toOrdinary income
incomeshareholders of theper share
parentOperating income

Millions of yen%

Millions of yen%

Millions of yen%

22,000

5.4

2,600

10.2

2,600

6.9

Millions of yen%

Yen

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: 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 shares at the end of the period (including shares of treasury stock)
As of December 31, 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 December 31, 2018
664,124 shares
As of March 31, 2018
663,964 shares
3) Average number of outstanding shares during the period
Nine months ended December 31, 2018 34,974,056 shares
Nine months ended December 31, 2017 34,974,494 shares

Note: The Company carried out a stock split on April 1, 2018, at a ratio of two shares per one commonshare. Accordingly, Number of issued shares (Common stock), Number of shares of treasury stock at
the end of 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 “Quarterly Consolidated Financial Results” report is not subject to quarterly review procedures by 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 quarterly 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
The world economy during the nine month ended December 31, 2018 continued to expand moderately
while concerns about trade friction between the U.S. and China were increasing. In the U.S., employment
environment continued to improve and individual consumption was steady. Similarly, in Europe, theeconomy remained steady in general based on improvements in the employment environment and income
environment. In Asia, although the overall economy remained steady, the economic slowdown in Chinabegan to emerge. The outlook for the economy is growing uncertain since there is concern about the global
economic impact due to the trade friction between the U.S. and China, and political unrest in some countries.
In these circumstances, Yushin Group has strived to obtain new world-class customers. Therefore, thebooking remained steady in the nine months ended December 31, 2018. The consolidated net sales increased
by 4.8% year on year to 15,981 million yen due to strong sales of custom-ordered equipment in Japan andoverseas. In spite of increase in purchasing prices due to materials procurement difficulties, etc. in the first
half, operating income increased by 19.3% year on year to 1,916 million yen because of decrease indepreciation expenses and normalization of development expenses which was concentrated in the previous
fiscal year for development of new model. Although foreign exchange loss occurred in the third quarter,
ordinary income increased by 9.7% year on year to 1,854 million yen, net income attributable to shareholdersof the parent increased by 15.3% year on year to 1,329 million yen.
(2) Explanation on the financial condition<Assets>
Total assets increased by 348 million yen from the end of the previous fiscal year to 32,921 million yen.
This was mainly due to increase of “Cash and deposits” by 640 million yen.
<Liabilities>
Total liabilities decreased by 342 million yen from the end of the previous fiscal year to 5,758 million yen.
This was mainly due to decrease of “Income taxes payable” by 507 million yen.
<Net assets>
Net assets increased by 691 million yen from the end of the previous fiscal year to 27,163 million yen.
This was mainly due to increase of “Retained earnings” by 735 million yen.
(3) Explanation on the forecast information including consolidated earnings forecast and others
No revisions have been made to consolidated earnings forecasts for full year of 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 December 31, 2018

Cash and deposits

5,655,106

6,295,783

Notes and accounts receivable - trade

7,042,925

6,651,151

825,365

1,053,494

Work in process

1,117,029

1,639,311

Raw materials and supplies

3,542,893

3,684,150

Other764,426

335,899

Allowance for doubtful accounts(20,151)(22,171)

18,927,595

19,637,619

Buildings and structures, net

5,424,201

5,127,334

Land

6,133,446

6,134,167

Other

325,771

287,041

11,883,420

11,548,543

494,152

452,072

Investment securities

276,387

213,211Net defined benefit asset

274,331270,286

Deferred tax assets

574,606

625,796

Other

162,895

193,788

Allowance for doubtful accounts(20,501)(19,603)

Total investments and other assets

1,267,720

1,283,478

13,645,293

13,284,094

32,572,888

32,921,714<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 December 31, 2018

2,905,292

2,589,860

Accounts payable - other505,356

513,015

Income taxes payable

608,628

100,632

Advances received

1,175,887

1,717,378

Provision for bonuses

256,847

139,146

Provision for directors’ bonuses

29,84025,317

Provision for product warranties

145,325

144,989

Other

270,318

320,371

5,897,496

5,550,710

Provision for directors’ retirement
benefits

66,78066,780Net defined benefit liability

51,486

65,108Deferred tax liabilities

32,85530,114Other

52,23645,897

Total non-current liabilities

203,358

207,900

6,100,854

5,758,610

Capital stock

1,985,666

1,985,666

Capital surplus

2,023,903

2,023,903

Retained earnings

22,270,517

23,005,948

Treasury stock(354,848)(355,033)

25,925,238

26,660,485

Valuation difference on
available-for-sale securities

97,10353,274Foreign currency translation adjustment

164,323

160,003

Remeasurements of defined benefit plans

56,98253,814

Total accumulated other comprehensive
Income318,409

267,092

228,385

235,526

Total net assets

26,472,034

27,163,103

Total liabilities and net assets

32,572,888

32,921,714<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 quarterly consolidated statements ofcomprehensive income
Quarterly consolidated statements of income
Nine months ended December(Thousands of yen)
Nine months ended
Nine months ended
December 31, 2017
December 31, 2018
Net sales
15,251,785
15,981,981
Cost of sales

8,979,577

9,568,519

Gross profit

6,272,208

6,413,461

Selling, general and administrative expenses

4,665,220

4,496,590

Operating income

1,606,987

1,916,871

Interest income

4,368

4,396

Dividends income

4,695

5,159

Purchase discounts

11,117

10,421

Foreign exchange gains

52,448-Other

11,58619,148

Total non-operating income

84,216

39,125

530

660

-

99,301

Other

331

1,516

Total non-operating expenses

861

101,479

1,690,342

1,854,517

Gain on sales of non-current assets

5,711

733

Total extraordinary income

5,711

733

1,433

9,298

92

204

Total extraordinary losses

1,526

9,503

Income before income taxes

1,694,527

1,845,746

Income taxes

498,451

472,416

Net income

1,196,076

1,373,330

42,74243,3391,153,333

1,329,991

Non-operating income

Non-operating expenses
Sales discounts
Foreign exchange losses

Ordinary income
Extraordinary income

Extraordinary loss
Loss on sales and retirement of non-current
assetsOther

Net income attributable to non-controllinginterests
Net income attributable to shareholders of theparent5

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

Quarterly consolidated statements of comprehensive income
Nine months ended December
Nine months ended
December 31, 2017
Net income(Thousands of yen)
Nine months ended
December 31, 2018

1,196,076

1,373,330

Valuation difference on available-for-salesecurities

49,487(43,829)

Foreign currency translation adjustment

170,643(4,530)345(3,168)220,476(51,528)

1,416,552

1,321,802

1,362,238

1,278,673

54,313

43,128Other comprehensive income

Remeasurements of defined benefit plans, netof taxTotal other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable toshareholders of the parent
Comprehensive income attributable to noncontrolling interests

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 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 >Nine Months of FY2018 (from April 1, 2017 to December 31, 2017)
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

8,272,100

2,442,849

3,959,023

577,811

15,251,785-

15,251,785

Inter-segment sales
or transfers

3,531,388

11,013

216,643

2,199

3,761,244(3,761,244)

-

Total

11,803,489

2,453,863

4,175,667

580,01119,013,030(3,761,244)

15,251,785

Segment profit

840,209239,685

408,728

126,411

1,615,035(8,048)

1,606,987

Net sales*Notes 1: The (8,048) thousand yen adjustment to segment profit includes eliminations for inter-segment
transactions of 6,124 thousand yen and inventory adjustments of (14,172) thousand yen.
*Notes 2: Segment profit is adjusted to be consistent with operating income shown on the quarterly consolidated
statements of income.

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 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 FY2018

Nine Months of FY2019

Change(%)

Take-out robots

12,314,667

12,137,313

98.6

Custom-ordered equipment

2,953,583

2,970,034

100.6

Parts and maintenance service

2,467,792

2,629,517

106.6

Total

17,736,042

17,736,865

100.02) Backlog of orders
Products(Thousands of yen)
As of December 31, 2017

As of December 31, 2018

Change(%)

Take-out robots

3,501,347

3,720,061

106.2

Custom-ordered equipment

2,323,023

3,245,933

139.7

Parts and maintenance service

327,482

325,817

99.5

Total

6,151,853

7,291,812

118.5

b. Net sales
Products(Thousands of yen)
Nine Months of FY2018

Nine Months of FY2019

Change(%)

Take-out robots

11,234,253

11,384,963

101.3

Custom-ordered equipment

1,670,471

2,046,010

122.5

Parts and maintenance service

2,347,061

2,551,006

108.7

Total

15,251,785

15,981,981

104.8(2) Overseas sales
Nine Months of FY2018 (from April 1, 2017 to December 31, 2017)
North
Asia
EuropeAmerica
I Overseas sales

2,508,164

5,986,804(Thousands of yen)
Other areas

512,674

400,282

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

16.4

39.3

3.4

2,464,272

5,925,934

2.6

61.7

(Thousands of yen)
Other areas

727,854507,556

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

9,407,926
15,251,785

Nine Months of FY2019 (from April 1, 2018 to December 31, 2018)
North
Asia
EuropeAmerica
I Overseas sales

Total

Total
9,625,619
15,981,981

15.4

37.1

8

4.6

3.2

60.2