(For reference purposes only)
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Consolidated Financial Results for the 2nd Quarterof the Fiscal Year Ended March 31, 2021 [Japanese Standard]
November 10, 2020
Stock exchange: Tokyo (First Section)
Listed company name: Aida Engineering, Ltd.
Stock code:
6118 (URL https://www.aida.co.jp/en/)
Representative:
Kimikazu Aida, Chairman & President (CEO)Contact:
Hiromitsu Ugawa, Director, Operating Officer, Division Manager, General Administration Headquarters
Tel: +81-42-772-5231
Scheduled date of filing quarterly securities report:
November 10, 2020
－Scheduled beginning date of dividend payment:
Preparation of supplemental explanatory materials:
Yes
Holding of quarterly financial results briefing:
Yes (for analysts and institutional investors)(Figures are rounded down to the nearest million yen)
1. Consolidated Results for 2nd Quarter of the Fiscal Year Ended March 31, 2021 (April 1, 2020 to September 30, 2020)(1) Consolidated Financial Results

Net sales（Percentages represent change compared to the previous period)Net income attributable toOrdinary income
owners of parent

Operating income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%Six months ended September 30, 2020

25,761(24.8)

1,543(49.0)

1,620(49.4)

763(66.2)

Six months ended September 30, 201934,274(15.0)

3,027

29.7

3,201

20.8

2,261

30.3

Note: Comprehensive income

Six months ended September 30, 2020
Six months ended September 30, 2019

2,370 million yen
777 million yen( 205.1 %)( -62.9 %)Diluted net income pershare

Net income per shareYen

Yen

Six months ended September 30, 2020

12.81

12.80

Six months ended September 30, 2019

37.23

37.16

(2) Consolidated Financial Position
Total assets

Shareholders' equity ratio

Net assets per share

Millions of yen%Yen

103,152

75,33472.3

1,249.72

74,84071.1

1,243.15

As of September 30, 2020

104,114

As of March 31, 2020
Reference: Shareholders' equity

Net assets

Millions of yen

As of September 30, 2020
As of March 31, 2020

74,585 million yen
74,031 million yen

2. Cash Dividends
Cash dividends per share
1Q End2Q End3Q EndYear-end

TotalYen

Yen

Yen

Yen

Yen

Year ended March 31, 2020

―――

30.00

30.00

Year ended March 31, 2021

―――

20.00

20.00

Year ended March 31, 2021 (forecast)
Note: Revision of dividend forecast for this period: None

3. Forecasts of Consolidated Results for the Fiscal Year Ended March 31, 2021 (April 1, 2020 to March 31, 2021)（Percentages represent change compared to the previous period)
Net sales

Operating income

Net income attributable
Net income per shareto owners of parent

Ordinary income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

59,000
Full year ended March 31, 2021
Note: Revision of forecasts of consolidated results: Yes(14.7)

3,300(46.5)

3,400(47.1)

2,100(47.8)

35.22

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41
4. Others(1) Changes among significant subsidiaries during the period: Yes
Out: 1 (Company Name: ACCESS, LTD.)(2) Adoption of special accounting treatment for quarter financial report: Yes
Note: This refers to whether these above were used for preparing quarterly consolidated financial statements.
(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1. Changes in accounting policies due to revisions of accounting standards: None
2. Changes in accounting policies other than "1": None
3. Changes in accounting estimates: None
4. Retrospective restatement: None
(4) Number of shares outstanding (Common stock)
1. Total number of issued shares (Including treasury stock)
As of September 30, 2020
69,448,421
As of March 31, 2020
69,448,421
2. Total number of treasury stock
As of September 30, 2020
9,766,410
As of March 31, 2020
9,896,566
3. Average number of shares
Six months ended September 30, 2020
59,618,821
Six months ended September 30, 201960,749,387

sharessharessharessharessharessharesThis financial results falls outside the scope of audit procedures.
Statement for proper use of business forecast and other special remarks:
The above forecasts and those presented in appended material are based on the information presently available.
Actual results may differ from these forecasts due to changes in various factors.

TABLE OF CONTENTS

1. Consolidated Financial Statements(1) Consolidated Balance Sheets……………………………………………………………………………………………
2(2) Consolidated Statements of Income and Comprehensive Income……………………………………………………
4
Consolidated Statements of Income………………………………………………………………………
4

Consolidated Statements of Comprehensive Income…………………………………………………………………
5(3) Consolidated Statements of Cash Flows………………………………………………………………6(4) Notes to Going Concern Assumption……………………………………………………………………….
7(5) Notes Regarding Remarkable Fluctuation in Shareholders' Equity……………………………………………………
7(6) Segment Information……………………………………………………………………………………………………
7
2. Supplementary Information
Status of Orders ……………………………………………………………………………………………
811. Consolidated Financial Statements(1) Consolidated Balance Sheets(Millions of Yen)
As of March 31, 2020
AssetsCurrent assets
Cash on hand and at banks
Notes and accounts receivable - trade
Electronically recorded monetary claims - operating
Finished goodsWork in process
Raw materials and supplies
Other current assets
Allowance for doubtful accounts
Total current assets
Fixed assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery and vehicles
Accumulated depreciation
Machinery and vehicles, net
LandConstruction in progress
Other fixed assets
Accumulated depreciation
Other fixed assets, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Insurance reserve fundNet defined benefit assets
Deferred tax assets
Other assets
Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets

2

As of September 30, 2020

28,723
20,3782,748
2,618
10,662
3,557
3,102(223)
71,56831,312
15,5982,136
2,784
12,064
3,705
1,741
(243)
69,09925,001(16,957)
8,044
17,095(11,099)
5,996
7,283
377
3,638
(3,077)561
22,263743

25,088(17,290)
7,798
17,152(11,630)
5,522
7,291
558
3,621
(3,128)493
21,664
746

5,944
2,324
814
331
156
(32)
9,539
32,546104,114

8,488
1,932
830
293
130(32)
11,642
34,053103,152

(Millions of Yen)
As of March 31, 2020
Liabilities
Current liabilities
Accounts payable - trade
Electronically recorded monetary obligations - operating
Short-term loans payable
Current portion of long-term loans payable
Accounts payable - other
Income taxes payable
Advances received
Accrued warranty costs
Accrued bonuses for employees
Accrued bonuses for directors
Provision for loss on orders received
Other current liabilities
Total current liabilities
Long-term liabilities
Long-term loans payable
Long-term accounts payable - other
Deferred tax liabilities
Accrued stock payments
Net defined benefit liabilities
Other long-term liabilities
Total long-term liabilities
Total liabilities
Net assets
Shareholders' equity
Common stock
Additional paid-in capital
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income
Net unrealized gains on other securities
Deferred hedge gains (losses)
Foreign currency translation adjustments
Retirement benefit plan adjustments
Total accumulated other comprehensive income
Stock options
Non-controlling interests
Total net assets
Total liabilities and net assets

3

As of September 30, 2020

4,733
3,369
2,991
500
707
1,681
6,134
583
1,129
49
170
1,773
23,823

4,435
2,458
3,104
500
814
535
6,475
522
1,028
20
132
1,733
21,759

1,000
883
1,445
463
1,387
271
5,450
29,273

1,000
914
2,009
460
1,396
278
6,058
27,818

7,831
12,41556,536(4,917)
71,864

7,831
12,42355,410(4,841)70,8232,638
47(773)
253
2,166
139
669
74,840104,114

4,211
(18)
(655)
224
3,762
91656
75,334
103,152

(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Foreign exchange gain
Other non-operating income
Total non-operating income
Non-operating expense
Interest expenses
Foreign exchange loss
Restructuring charges
Other non-operating expenses
Total non-operating expenses
Ordinary income
Extraordinary gain
Gain on sales of fixed assets
Subsidy income related to suspension or decrease of production
Other extraordinary gain
Total extraordinary gain
Extraordinary loss
Loss on sales of fixed assets
Loss on disposal of fixed assets
Loss on labor accident
Loss on suspension or decrease of production
Loss on valuation of investment securities
Total extraordinary loss
Income before income taxes
Income taxes
Net income
Net income attributable to non-controlling interests
Net income attributable to owners of parent

4

Six months ended
September 30, 201934,274
26,792
7,482
4,454
3,027

(Millions of Yen)
Six months ended
September 30, 2020
25,761
20,284
5,476
3,933
1,543

54
114
1169249

22111－
60
193

16－
27
31
75
3,201

1979－
17
117
1,620

2－
－
22
235
0238－
2126－
－
47
3,156
876
2,280
18
2,261

01－
416
51
469
1,389
614
774
10763

Consolidated Statements of Comprehensive Income

Net income
Other comprehensive income
Net unrealized gains (losses) on other securities
Deferred hedge gains (losses)
Foreign currency translation adjustments
Retirement benefit plan adjustments
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

5

Six months ended
September 30, 2019
2,280

(Millions of Yen)
Six months ended
September 30, 2020
774(300)
48(1,203)(47)(1,503)
777
758
18

1,573
(65)
118
(29)
1,595
2,370
2,359
10

(3) Consolidated Statements of Cash FlowsSix months ended
September 30, 2019
Cash flows from operating activities:
Income before income taxes
Depreciation and amortization
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in accrued warranty costs, net
Increase (decrease) in accrued bonuses for employees, net
Increase (decrease) in accrued bonuses for directors, net
Increase (decrease) in provision for loss on orders received, net(Gain) loss on sales of securities
Increase (decrease) in net defined benefit liabilities(Increase) decrease in net defined benefit assets
Increase (decrease) in accrued stock payments, net
Interest and dividend income
Interest expense(Gain) loss on sales of fixed assets
Loss on disposal of fixed assets
Loss (gain) on valuation of investment securities(Increase) decrease in accounts receivable - trade(Increase) decrease in inventories
Increase (decrease) in accounts payable - trade(Increase) decrease in other assets
Increase (decrease) in other liabilities
Other, net
Sub-totalInterest and dividend income received
Interest expenses paid
Income taxes paid
Net cash provided by operating activities
Cash flows from investing activities:
Proceeds from withdrawal of time deposits
Payments for purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Payments for purchase of intangible assets
Payments for purchase of investment securities
Proceeds from sales of investment securities
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities:
Payments for purchase of treasury stock
Cash dividends paid
Dividends paid to non-controlling interests
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate changes on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year

6（Millions of Yen）
Six months ended
September 30, 2020

3,156
1,064
(9)
14
6
1(6)
－
26(83)
47(169)
16(2)
21－
1,567
(1,530)(2,269)
187
(449)
319
1,910
168
(16)
(394)
1,668

1,389
1,010
18
(66)
(100)
(29)
(40)
(0)
6(18)
(2)
(133)
19
(2)
151
8,311
(1,665)(2,834)
653
(134)
(234)
6,198
133
(13)
(1,506)
4,813

502
(596)
4(35)
－
103
(7)
(28)

－
(144)
4(167)
(308)
0(0)
(615)

(2,000)(1,955)(20)－(3,976)(827)(3,163)30,63327,470(0)(1,884)(23)
0(1,907)
299
2,589
28,71031,299(4) Notes to Going Concern Assumption
None(5) Notes Regarding Remarkable Fluctuation in Shareholders' Equity
None(6) Segment Information
Six months ended September 30, 2019
Japan

China

Asia

Americas

EuropeSub total

Adjustments(*1)（Millions of Yen）
Consolidated
statements ofincome(*2)

Sales
Sales to third parties

17,939

2,402

2,676

5,658

5,596

34,274－34,274

Inter-segment sales

6,341

433

1,590

138

143

8,648

(8,648)－Total sales

24,281

2,8354,267

5,797

5,740

42,922(8,648)34,274

Segment profit or loss

2,291

24586

317

(52)

3,166

(139)

3,027

Sub total

Adjustments
(*1)

Note:
1. Adjustments of sales represent elimination of inter-segment transactions.
Adjustments of segment profit or loss refer to inter-segment transaction eliminations.
2. Segment profit or loss is adjusted to operating income of consolidated statements of income.
Six months ended September 30, 2020
Japan

China

Asia

Americas

Europe（Millions of Yen）
Consolidated
statements ofincome(*2)

Sales
Sales to third parties

12,9892,206

2,731

4,384

3,448

25,761－

25,761

Inter-segment sales

5,759

737

1,003

70

47

7,618

(7,618)－

Total sales

18,749

2,944

3,734

4,455

3,496

33,379(7,618)25,761

Segment profit or loss

1,114

57

311

240(105)

1,618(74)

1,543

Note:
1. Adjustments of sales represent elimination of inter-segment transactions.
Adjustments of segment profit or loss refer to inter-segment transaction eliminations.
2. Segment profit or loss is adjusted to operating income of consolidated statements of income.

7

2. Supplementary InformationStatus of Orders
Six months ended September 30, 2020

（Millions of Yen）
OrdersOrder backlog

Comparison with theprevious period (%)

AmountComparison with theend of previous year (%)

AmountJapan

10,257(28.8)

18,285(13.0)

China

2,879

3.1

5,932

12.8

Asia

1,590(52.1)

1,939(37.0)

Americas2,283(43.4)

3,959(34.7)

Europe3,491(31.2)

8,724

0.5

Total

20,502(30.8)

38,841(11.9)

Note:
1. Inter-segment transactions have been eliminated.
2. Amounts above do not include consumption tax.

8