<Translation>
August 5, 2019

Consolidated Financial Results for the First Quarter
Ended June 30, 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 (from overseas)
Scheduled date to submit quarterly report:
August 9, 2019
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, 2019(from April 1, 2019 to June 30, 2019)(1) Consolidated operating results (Cumulative)
Net sales
Three months ended(Percentages indicate year-on-year changes)
Profit attributable toOrdinary profit
owners of parent

Operating profit

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

June 30, 2019

5,428

9.0

667

50.6

618

43.2

432

46.4

June 30, 2018

4,982

9.1

443

(1.7)

431

(10.3)

295(14.2)

Note: Comprehensive income
Three months ended June 30, 2019: 285 million yen [ ( 6.2) %]Three months ended June 30, 2018: 304 million yen [ (22.2) %]Basic earnings
per share
Three months ended

Diluted earnings
per share
Yen

Yen

June 30, 2019

12.69

-

June 30, 2018

8.45

-

(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen%

As of June 30, 2019

31,676

26,733

83.7

As of March 31, 201933,197

27,11780.9

Reference: Equity capital (Net assets less non-controlling interests)
As of June 30, 2019: 26,503 million yen
As of March 31, 2019: 26,861 million yen

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

-

9.00

17.00

8.00

-

10.00

18.00

-

FY2020 (Forecast)

Note : Revisions to projected dividends most recently announced: None

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

Operating profit(Percentages indicate year-on-year changes)
Basic
Profit attributable toOrdinary profit
earnings
owners of parent
per share

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

%

Yen

10,500

(0.8)

1,250

3.9

1,250

1.7

900

4.5

26.24

22,000
0.8
2,800
1.4
2,800
FY2020Note: Revisions to projected results most recently announced: None

0.3

1,950

2.4

56.84

First six months ending
September 30, 2019* 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:
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 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

None
None
None
None

As of June 30,
201935,638,066
shares

As of March 31,
201935,638,066
Shares

As of June 30,
2019
Three months
ended June 30,
20191,602,248
shares

As of March 31,
2019
Three months
ended June 30,
2018

1,333,548
Shares34,107,843
shares34,974,102
shares* This “Consolidated Financial Results for the First Quarter” 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 todiffer 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< 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, 2019, while the U.S. and Europe havecontinued to show a gradual recovery, China has seen a marked slowdown in economic growth. In addition,
there is growing uncertainty about the future, such as trade friction between the U.S. and China, and the UK's
departure from the EU, and the decline in corporate capital investment appetite has become apparent.
In these circumstances, YUSHIN Group has continued to work on developing new customers on a global
scale, but orders remained weak during the first quarter. The business results for the first quarter are as follows.
Although Take-out robot sales decreased year on year due to a decrease in capital investment in Asia, especiallyin China, the consolidated net sales increased by 9.0% year on year to 5,428 million yen due to a significant
increase year on year of Custom-ordered equipment sales in Europe. As selling, general and administrative
expenses decreased with the progress of business efficiency, operating profit increased by 50.6% year on year to667 million yen, and ordinary profit increased by 43.2% year on year to 618 million yen despite the posting of
foreign exchange losses. As a result, profit attributable to owners of parent increased by 46.4% year on year to432 million yen.
Also, we established YUSHIN EUROPE GMBH, a wholly owned subsidiary in Germany, with the aim of
expanding sales channels in the European market and expanding its service network, and started operations inJune 2019.

(2) Explanation on the financial condition<Assets>
Total assets decreased by 1,521 million yen from the end of the previous fiscal year to 31,676 million yen.
This was mainly due to decrease of “Work in process” by 465 million yen.
<Liabilities>
Total liabilities decreased by 1,137 million yen from the end of the previous fiscal year to 4,942 million yen.
This was mainly due to decrease of “Advances received” by 538 million yen.
<Net assets>
Net assets decreased by 383 million yen from the end of the previous fiscal year to 26,733 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 FY2020
released on May 10, 2019.

2

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

2. Quarterly Consolidated Financial Statements and Notes(1) Quarterly 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
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Land
Other
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

As of March 31, 2019

(Thousands of yen)
As of June 30, 2019

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

6,347,024
6,608,685
861,283
1,230,592
3,442,143
241,239(18,119)
18,712,849

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

4,865,335
6,117,831
272,397
11,255,564
399,268

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

199,924
292,311646,802
190,332(20,859)
1,308,512
12,963,344
31,676,194

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(Thousands of yen)
<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 income
Non-controlling interests
Total net assets
Total liabilities and net assets

4

As of March 31, 2019

As of June 30, 2019

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

2,131,500
456,155
104,494
1,217,085
143,7628,437
133,965
532,913
4,728,314

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

66,78063,45436,20647,824214,264
4,942,578

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

1,985,666
2,023,903
23,703,574(1,354,956)
26,358,188

56,815
184,923
69,743
311,482
256,066
27,117,484
33,197,260

44,20933,37868,054
145,642
229,785
26,733,615
31,676,194

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(2) Quarterly consolidated statements of income and consolidated statements of comprehensive
incomeQuarterly consolidated statements of income
Three months ended
June 30, 2018
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
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)Three months ended
June 30, 2019

4,982,033
3,015,390
1,966,642
1,523,089
443,553

5,428,963
3,290,723
2,138,239
1,470,346
667,893

1,649
2,535
3,477
5,162
12,825

1,646
3,819
2,778
4,395
12,639241
24,191024,432431,945

61
61,743
107
61,912
618,621

151
151

3,189
3,189

40
40
432,056
122,051342
342
621,468
169,966

310,004

451,502

14,348295,656

18,579432,922

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

Quarterly consolidated statements of comprehensive income

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 owners of parent
Comprehensive income attributable tonon-controlling interests

6

Three months ended
June 30, 2018
310,004(Thousands of yen)Three months ended
June 30, 2019451,502(22,101)
17,564(1,056)(5,593)
304,411(12,605)(151,738)(1,688)(166,032)
285,469

294,484

267,082

9,926

18,387

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 profit before income taxes for the consolidated fiscal year after the application oftax effect accounting is reasonably estimated, and this estimated rate is applied to profit before income taxes
for the quarterly period under review.

< Segment information >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
Adjustment*1

Amounts shownon quarterly
consolidated
statements ofincome *2

4,982,033-

4,982,033

271

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

1,445,309

92,773

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

4,982,033

158,016(5,642)

387,133

56,419443,553

Total

Japan

U.S.A.

Asia

Europe2,628,343

882,555

1,378,632

92,502

Inter-segment sales
1,142,867
or transfers

7,740

66,676

3,771,210

890,296

193,133

41,625Net sales
Sales to customers

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 profit shown on the quarterly consolidated statements ofincome.

FY2020 1Q (from April 1, 2019 to June 30, 2019)
Information related to sales and profit or loss for each reportable segment(Thousands of yen)
Reportable segment
Total

Adjustment*1

Amounts shownon quarterly
consolidated
statements ofincome *2

Japan

U.S.A.

Asia

EuropeSales to customers

2,658,902

851,785

942,297

975,977

5,428,963-

5,428,963

Inter-segment sales
or transfers

783,108

4,997

75,697-

863,803(863,803)

-

Total

3,442,011

856,783

1,017,994

975,977

6,292,766(863,803)

5,428,963

113,909111,699

96,990124,891

447,491

220,401

667,893

Net sales

Segment profit*Notes 1: The 220,401 thousand yen adjustment to segment profit includes eliminations for inter-segment transactions of 9,877
thousand yen and inventory adjustments of 210,523 thousand yen.
*Notes 2: Segment profit is adjusted to be consistent with operating profit 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)
FY2019 1Q

Take-out robots

Change(%)

FY2020 1Q

4,246,466

3,362,498

79.2

Custom-ordered equipment

847,428

1,168,283

137.9

Parts and maintenance service

840,165

771,825

91.9

Total

5,934,060

5,302,607

89.4

2) Backlog of orders
Products(Thousands of yen)
As of June 30, 2018

Change(%)

As of June 30, 2019

Take-out robots

3,338,407

3,082,159

92.3

Custom-ordered equipment

2,818,158

2,915,546

103.5

Parts and maintenance service

332,388

226,520

68.1

Total

6,488,954

6,224,226

95.9

b. Net sales(Thousands of yen)

Products

FY2019 1Q

Take-out robots

Change(%)

FY2020 1Q

3,875,769

3,284,871

84.8

Custom-ordered equipment

351,180

1,373,240391.0

Parts and maintenance service

755,084

770,851

102.1

Total

4,982,033

5,428,963

109.0(2) Overseas sales
FY2019 1Q (from April 1, 2018 to June 30, 2018)
North
America
I Overseas sales

776,285(Thousands of yen)
Asia

Europe2,079,699

Other areas

162,101

193,168

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

15.6

41.7

3.3

3.9

64.5

(Thousands of yen)North
AmericaAsia

1,368,002

1,559,872

EuropeOther areas

383,240

153,831

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

3,211,255
4,982,033

FY2020 1Q (from April 1, 2019 to June 30, 2019)

I Overseas sales

Total

Total
3,464,947
5,428,963

25.2

28.7

8

7.1

2.8

63.8