(For reference purposes only)

Consolidated Financial Results for the Fiscal Year Ended March 31, 2024
[Japanese Standard]
May 15, 2024
Stock exchange: Tokyo
Listed company name: AIDA ENGINEERING, LTD.
Stock code:

6118 (URL https://www.aida.co.jp/en/)

Representative:

Toshihiko Suzuki, Representative Director and President (CEO)Contact:

Hiromitsu Ugawa, Director, Managing Executive Officer, Division Manager, General Administration Headquarters

Scheduled date of ordinary general meeting of shareholders:June 25, 2024

Scheduled date of beginning dividend payment:

June 26, 2024

Scheduled date of filing annual securities report:

June 25, 2024

Preparation of supplemental explanatory materials:

Yes

Holding of financial results briefing:

Yes (for securities analysts and institutional investors)

Tel: +81-42-772-5231(Figures are rounded down to the nearest million yen)
1. Consolidated Results for the Fiscal Year Ended March 31, 2024 (April 1, 2023 to March 31, 2024)(1) Consolidated Financial Results(Percentages represent change compared to the previous period)
Net income
Net sales
Operating income
Ordinary income
attributable toowners of parent
Millions of yen%

Millions of yen

Year ended March
72,742
5.7
3,615
31, 2024
Year ended March
68,79510.1
1,540
31, 2023
Note: Comprehensive income: Year ended March 31, 2024
Year ended March 31, 2023%

Millions of yen%

Millions of yen

%

134.7

3,595

110.2

2,808

116.8

(38.5)

1,710(29.7)

1,295

44.5

6,187 million yen (318.9%)
1,477 million yen (-41.5%)

Net income per
share

Diluted net
income per share

Return on equity

Ratio of ordinary
income to total
assetsRatio ofoperating income
to net sales

Yen

Yen

%

%

%

46.95

3.5

3.0

5.0

21.67

1.7

1.5

2.2

Year ended March
47.02
31, 2024
Year ended March
21.70
31, 2023
Reference: Equity in earnings of affiliates

Year ended March 31, 2024
Year ended March 31, 2023

— million yen— million yen

Net assets

Shareholders’equity ratio(2) Consolidated Financial Position
Total assets
Millions of yen

As of March 31, 2024
As of March 31, 2023
Reference: Shareholders’ equity

Millions of yen

126,195
116,287
As of March 31, 2024
As of March 31, 2023

Net assets per share%

Yen

82,321
65.2
78,04367.0
82,230 million yen
77,951 million yen

1,376.26
1,305.47

(3) Consolidated Cash Flows
Operating activities

Investing activities

Financing activities

Cash and cash
equivalents at end of
periodMillions of yen

Millions of yen

Millions of yen

Millions of yen

3,169(1,129)(1,988)(1,884)(1,125)(2,166)32,24430,508Year ended March 31, 2024
Year ended March 31, 2023
2. Cash Dividends

Ratio of
Total
Payout ratio dividends
dividends(Consolidated) to net assets

Cash dividends per share
1Q End 2Q End 3Q End

Year ended March 31, 2023
Year ended March 31, 2024
Year ending March 31, 2025
(forecast)Year-end

Total(Annual)

Yen

Yen

Yen

Yen

Yen

Millions of
yen

—
—

—
—

—
—

30.00
30.00

30.00
30.00

1,921
1,923

—

—

—

30.00

30.00

(Consolidated)
%

%

138.3
63.8

2.3
2.2

41.1

3. Forecasts of Consolidated Results for the Fiscal Year Ending March 31, 2025 (April 1, 2024 to March 31, 2025)(Percentages represent change compared to the previous corresponding period)
Net income
Net income
Net sales
Operating income
Ordinary income
attributable toper shareowners of parent
Millions of yen

Six months
endingSeptember
30, 2024
Full year% Millions of yen% Millions of yen%

Millions of yen%

Yen

37,000

7.0

2,800

96.1

2,900

98.5

2,100

82.8

36.48

74,000

1.7

5,700

57.7

5,800

61.3

4,200

49.6

73.04

Notes
(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in changes in scopeof consolidation): None
(2) 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
(3) Number of issued shares (common shares)
1. Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2024
69,448,421 shares
As of March 31, 2023
69,448,421 shares
2. Total number of treasury shares at the end of the period
As of March 31, 2024
9,699,246 shares
As of March 31, 2023
9,736,558 shares
3. Average number of shares outstanding during the period
Year ended March 31, 2024
59,729,241 sharesYear ended March 31, 2023
59,703,426 shares[Reference] Outline of Non-Consolidated Financial Results
1. Non-Consolidated Results for the Fiscal Year Ended March 31, 2024 (April 1, 2023 to March 31, 2024)

(1) Non-Consolidated Financial Results(Percentages represent change compared to the previous period)
Operating income
Ordinary income
Net income

Net sales
Millions of yen

Year ended March 31, 2024
Year ended March 31, 2023

38,63837,591% Millions of yen

2.8
10.8

1,286
798

Net income per share
Year ended March 31, 2024
Year ended March 31, 2023

% Millions of yen

61.0(21.8)% Millions of yen

1,398
1,390

0.6
(7.9)

%

1,278
1,280

(0.2)
—

Diluted net income per share

Yen

Yen

21.40
21.45

21.37
21.42

(2) Non-Consolidated Financial Position
Total assets
Millions of yen

As of March 31, 2024
As of March 31, 2023
Reference: Shareholders’ equity

Net assets
Millions of yen

Shareholders’ equity
ratio

Net assets per share%

Yen

80,36560,45675.1
76,08759,956
78.7
As of March 31, 2024
60,364 million yen
As of March 31, 2023
59,865 million yen

1,010.30
1,002.57

Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
Statement for proper use of business forecast and other special remarks:(Note on forward-looking statements)
Performance forecasts presented in these documents are based on information available as of the date of publication.
Actual results may differ from these forecasts due to various factors in the future.
(How to obtain supplementary materials for financial results)
A financial results briefing for securities analysts and institutional investors is scheduled to be held on May 24, 2024. The
briefing material will be posted on our website shortly thereafter.

Table of Contents - Attachments
1. Overview of operating results, etc. ................................................................................................................. 2(1) Overview of operating results for the period under review ........................................................................ 2(2) Overview of financial position for the period under review ...................................................................... 2(3) Overview of cash flows for the period under review ................................................................................. 3(4) Future outlook .............................................................................................................................................. 4
2. Basic Stance Concerning Choice of Accounting Standards ........................................................................... 4
3. Consolidated Financial Statements and Principal Notes ................................................................................ 5(1) Consolidated Balance Sheets ..................................................................................................................... 5(2) Consolidated Statements of Income and Comprehensive Income ............................................................. 7(3) Consolidated Statements of Changes in Net Assets ................................................................................... 9(4) Consolidated Statements of Cash Flows .................................................................................................. 11(5) Notes to the Consolidated Financial Statements ...................................................................................... 12(Notes to Going Concern Assumption) .......................................................................................................... 12(Segment Information) ................................................................................................................................... 13(Per Share Information) ................................................................................................................................. 15(Significant Subsequent Events) .................................................................................................................... 16
4. Supplementary Information .......................................................................................................................... 16
Status of Orders ............................................................................................................................................. 16

1

1. Overview of operating results, etc.
(1) Overview of operating results for the period under review
During the fiscal year ended March 31, 2024, the global economy was on a moderate growth trend overall, led bya robust United States, as supply constraints eased. However, monetary tightening in various countries and theeconomic slowdown in Europe and China have been factors weighing on overall growth. In addition, geopoliticalfactors such as the US-China conflict, the Ukraine crisis, and conflicts in the Middle East pose further downside risks.
In the metalforming machinery industry, despite solid domestic demand, exports declined, and the Japan Forming
Machinery Association reported that orders for press machines received in the fiscal year ended March 31, 2024
decreased 2.4% year on year to ¥149,653 million.
Under these conditions, orders received by AIDA ENGINEERING, LTD. (the “Company”) and its groupcompanies (collectively, the “Group”) in the fiscal year ended March 31, 2024 were ¥79,105 million (down 5.8% year
on year), despite the reaction to the last-minute orders for high-speed press machines in the same period of the previous
year. Excluding this special factor, orders remained robust, and the order backlog as of March 31, 2024 reached arecord high of ¥76,705 million (up 9.0% from the end of the previous fiscal year).
Net sales were ¥72,742 million (up 5.7% year on year), mainly due to increased sales of high-speed press machines
related to electric vehicles and the impact of the yen’s depreciation.
In terms of profit, despite the soaring costs of raw materials, subcontracting, and logistics, as well as thedeterioration in profitability of some large-scale projects, operating income was ¥3,615 million (up 134.7% year onyear) and ordinary income was ¥3,595 million (up 110.2% year on year), and net income attributable to owners ofparent was ¥2,808 million (up 116.8% year on year) due to increased sales, improved gross profit margins resulting
from product mix improvement, and gain on sale of non-current assets.
Operating results by segment during the fiscal year ended March 31, 2024 were as follows.
Japan:

China:

Asia:

Americas:

Europe:Net sales were ¥42,904 million (up 3.0% year on year) due to robust sales of both press machines
and services. Despite the increase in raw material costs and deterioration in profitability of somelarge-scale projects, segment profit was ¥1,112 million (up 144.1% year on year) due to increased
sales and product mix improvement.
Net sales were ¥11,794 million (up 7.0% year on year) due to robust sales of press machines,
mainly customized press machines and high-speed press machines. Segment profit was ¥797
million (compared to a loss of ¥149 million in the previous fiscal year) due to the effect ofincreased sales.
Net sales were ¥10,836 million (up 1.5% year on year) due to an increase in sales of services andthe impact of the yen’s depreciation. Segment profit was ¥1,193 million (up 31.2% year on year)
due to the improvement in product mix.
Net sales were ¥16,041 million (down 4.5% year on year) due to a decrease in sales of customizedpress machines, despite an increase in sales of high-speed press machines. Segment profit was ¥397
million (up 38.8% year on year) due to the improvement in product mix.
Net sales were ¥16,506 million (up 28.3% year on year) due to an increase in sales of high-speedpress machines and services, as well as the impact of the yen’s depreciation. Segment profit was¥293 million (up 29.3% year on year) due to the effect of increased sales.

(2) Overview of financial position for the period under review
Total assets as of March 31, 2024 increased by ¥9,908 million from the end of the previous fiscal year to ¥126,195
million. This is attributable to a ¥2,805 million increase in cash and deposits, a ¥3,127 million decrease in tradereceivables, including notes and accounts receivable – trade, and contract assets and electronically recorded monetaryclaims – operating, a ¥5,424 million increase in inventories, and a ¥2,009 million increase in investment securities.
Total liabilities increased by ¥5,629 million from the end of the previous fiscal year to ¥43,873 million. This is
attributable to a ¥1,451 million increase in trade payables, including accounts payable – trade and electronically2

recorded obligations – operating, an ¥886 million increase in short-term borrowings, a ¥769 million increase incontract liabilities, and a ¥952 million increase in other current liabilities.
Net assets increased by ¥4,278 million from the end of the previous fiscal year to ¥82,321 million. This is
attributable to a ¥1,451 million increase in valuation difference on available-for-sale securities and a ¥2,291 million
increase in foreign currency translation adjustment. As a result, shareholders’ equity ratio was 65.2% as of March 31,
2024.

(3) Overview of cash flows for the period under review
Cash and cash equivalents (the “funds”) as of March 31, 2024 increased by ¥1,736 million from the end of theprevious fiscal year to ¥32,244 million.
Cash flows from activities during the fiscal year ended March 31, 2024 and their primary factors are as follows:(i) Cash flows from operating activities
Net cash provided by operating activities was ¥3,169 million (a cash outflow of ¥1,129 million in the previous
fiscal year). Factors for cash inflows include income before income taxes of ¥4,233 million, a decrease in tradereceivables of ¥3,513 million, and depreciation of ¥2,021 million, and factors for cash outflows include an increase
in inventories of ¥3,994 million.
(ii) Cash flows from investing activities
Net cash used in investing activities was ¥1,988 million (a cash outflow of ¥1,884 million in the previous fiscal
year). Factors for cash outflows include purchase of property, plant and equipment and intangible assets of ¥1,657
million.
(iii) Cash flows from financing activities
Net cash used in financing activities was ¥1,125 million (a cash outflow of ¥2,166 million in the previous fiscal
year). Factors for cash outflows include dividends paid of ¥1,921 million.
(Reference) Trends in indicators related to cash flows
Fiscal year
Fiscal year
ended March
ended March
31, 2020
31, 2021
Shareholders’ equity ratio (%)
Shareholders’ equity ratio
based on fair value (%)
Ratio of interest-bearing debt
to cash flow (%)
Interest coverage ratio (times)

Fiscal year
ended March
31, 2022

Fiscal year
ended March
31, 2023

Fiscal year
ended March
31, 2024

71.1

71.2

68.4

67.0

65.2

39.5

55.1

55.4

42.0

42.1

115.4

38.7

44.2

—

94.0

126.0

228.5

304.4

—

59.6

Shareholders’ equity ratio:
Shareholders’ equity ÷ Total assets
Shareholders’ equity ratio based on fair value:
Total market value of shares ÷ Total assets
Ratio of interest-bearing debt to cash flow:
Interest-bearing debt ÷ Cash flow
Interest coverage ratio:
Cash flow ÷ Interest paid
Notes:
1. The indicators were calculated using figures from consolidated financial statements.
2. The total market value of shares was calculated by multiplying the closing price of the closing date by the total
number of shares outstanding (less the treasury shares) on the day.
3. Cash flow is the figure of net cash provided by (used in) operating cash flows recorded in the Consolidated
Statements of Cash Flows. Interest-bearing debts include all debts recorded on the Consolidated Balance Sheets forwhich interest is paid. In addition, interest paid is the interest expenses paid shown in the Consolidated Statements ofCash Flows.

3(4) Future outlook
The forecast for the next fiscal year is ¥74.0 billion in net sales, ¥5.7 billion in operating income, ¥5.8 billion in
ordinary income and ¥4.2 billion in net income attributable to owners of parent.

2. Basic Stance Concerning Choice of Accounting Standards
Taking into consideration the comparability of consolidated financial statements across periods and among companies,
the Group’s policy is to prepare its consolidated financial statements using Japanese GAAP for the immediate future.
With regard to International Financial Reporting Standards (IFRS), the Group’s policy is to respond appropriately
based on consideration of the situation in Japan and overseas.

4

3. Consolidated Financial Statements and Principal Notes(1) Consolidated Balance Sheets(Millions of yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable – trade, and contract
assetsElectronically recorded monetary claims – operating
Finished goods
Work in process
Raw materials and supplies
Advance payments – trade
Accounts receivable – otherConsumption taxes receivable
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
LandConstruction in progress
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Insurance funds
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

30,5105

As of March 31, 2024

22,50633,31619,006

1,018
4,387
17,022
4,456
2,222
526
1,220
487
(1,837)
82,522

1,390
5,538
21,078
4,675
2,249
1,174
1,508
419
(73)
90,283

26,737(19,222)
7,514
20,479(15,092)
5,387
7,297
234
4,245
(3,665)580
21,015
1,961

27,404(19,858)
7,545
21,984(16,776)
5,208
7,343
151
4,653
(4,011)642
20,889
2,127

9,186
571
633
268
161
(32)
10,78833,765116,287

11,196
526
677
385
1,829
(1,721)
12,89435,912
126,195

(Millions of yen)
As of March 31, 2023
Liabilities
Current liabilities
Accounts payable – trade
Electronically recorded obligations – operating
Short-term borrowings
Current portion of long-term borrowings
Accounts payable – otherAccrued expenses
Income taxes payable
Contract liabilities
Provision for product warranties
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Provision for loss on orders received
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Long-term accounts payable – other
Deferred tax liabilities
Provision for share awards
Retirement benefit liability
Asset retirement obligations
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
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Share acquisition rights
Total net assets
Total liabilities and net assets

6

As of March 31, 2024

6,942
2,536
582
500
1,329
1,089
345
15,407
615
961

7,915
3,014
1,469
500
1,124
1,463
915
16,177
679
1,069

14

41

180
1,381
31,887176
2,333
36,882

1,000
1,005
1,870
649
1,451
9
369
6,356
38,244

1,000
1,095
2,227
744
1,383
9
530
6,991
43,873

7,831
13,00755,205(5,247)70,796

7,831
13,02856,092(5,256)
71,695

3,994
(173)
3,463
(130)
7,155
91
78,043
116,287

5,446
(519)
5,755
(148)
10,53491
82,321
126,195

(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income(Millions of yen)
Year ended March 31, 2023

Year ended March 31, 2024

68,79557,168
11,627
10,087
1,540

72,74259,086
13,656
10,041
3,615

96
298
122
517

153
279
87
520

8
80
172
85
347
1,710

45
22
420
52
540
3,595

8
146

299
345

7

－

117
280

－
645

2
14
6
3
26
1,964
790
(121)
668
1,295
1,295

－
7
－
－
7
4,233
1,428
(4)
1,424
2,808
2,808

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Commission expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Subsidy income related to suspension or decrease of
production
Gain on liquidation of subsidiaries
Total extraordinary income
Extraordinary losses
Loss on sale of non-current assets
Loss on retirement of non-current assets
Loss on suspension or decrease of production
Loss on liquidation of subsidiaries
Total extraordinary losses
Income before income taxes
Current taxes
Deferred taxes
Income taxes
Net income
Net income attributable to owners of parent

7

Consolidated Statements of Comprehensive Income(Millions of yen)
Year ended March 31, 2023

Year ended March 31, 2024

1,295

2,808

(821)
122
1,098
(218)
181
1,477

1,451
(346)
2,291
(17)
3,379
6,187

1,477

6,187

Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent

8

(3) Consolidated Statements of Changes in Net Assets
Year ended March 31, 2023 (from April 1, 2022 to March 31, 2023)(Millions of yen)
Shareholders’ equity
Share capital
Balance at beginning of period

7,831

Capital surplus Retained earnings
12,836

Treasury shares

55,511

Total shareholders’equity(5,250)70,927

Changes during the period
Cash dividends(1,601)(1,601)

Net income attributable toowners of parent

1,295

1,295

Purchase of treasury stock

(0)

(0)

Disposal of treasury stock–

Disposal of treasury stock tostock benefit trust
Changes in ownership interestof parent due to transactions
with non-controlling interests
Net changes of items otherthan shareholders’ equity
Total changes during period
Balance at end of period

3

3

171

171

–

171

(305)

3

(131)

7,831

13,00755,205(5,247)70,796

Accumulated other comprehensive income
NonValuation
Foreign
Total accumulated ShareDeferredRemeasurements
acquisition controlling
difference on
currency
othergains or losses
of definedrightsinterests
available-fortranslation
comprehensive
on hedges
benefit planssale securities
adjustment
incomeBalance at beginning of period

4,815

(295)

2,365

87

6,973

91

671

Total net
assets78,664

Changes during the period
Cash dividends(1,601)

Net income attributable toowners of parent

1,295

Purchase of treasury stock(0)

Disposal of treasury stock–

Disposal of treasury stock tostock benefit trust
Changes in ownership interestof parent due to transactions
with non-controlling interests
Net changes of items otherthan shareholders’ equity

3
171
(821)

122

1,098

(218)

181

–

(671)

(489)

Total changes during period

(821)

122

1,098

(218)

181

–

(671)

(620)

Balance at end of period

3,994

(173)

3,463

(130)

7,155

91

–

78,0439

Year ended March 31, 2024 (from April 1, 2023 to March 31, 2024)(Millions of yen)
Shareholders’ equity
Share capital
Balance at beginning of period

7,831

Capital surplus Retained earnings
13,007

Treasury shares

55,205

Total shareholders’equity(5,247)70,796

Changes during period
Cash dividends(1,921)(1,921)

Net income attributable toowners of parent

2,808

2,808

Purchase of treasury stock

(72)

(72)

Disposal of treasury stock

12

12

50

71

Disposal of treasury stock tostock benefit trust
Change in ownership interestof parent due to transactions
with non-controlling interests
Net changes of items otherthan shareholders’ equity
Total changes during period
Balance at end of period

Balance at beginning of period

21

－

－

21

886

(9)

898

7,831

13,02856,092(5,256)

71,695

Accumulated other comprehensive income
NonValuation
Foreign
Total accumulated ShareDeferredRemeasurements
acquisition controlling
difference on
currency
othergains or losses
of definedrightsinterests
available-fortranslation
comprehensive
on hedges
benefit planssale securities
adjustment
incomeTotal net
assets

－78,043

3,994

(173)

3,463

(130)

7,155

91

Changes during period
Cash dividends(1,921)

Net income attributable toowners of parent

2,808

Purchase of treasury stock(72)

Disposal of treasury stock

12

Disposal of treasury stock tostock benefit trust
Change in ownership interestof parent due to transactions
with non-controlling interests
Net changes of items otherthan shareholders’ equity

71
－
1,451

(346)

2,291

(17)

3,379

－

－

3,379

Total changes during period

1,451

(346)

2,291

(17)

3,379

－

－

4,278

Balance at end of period

5,446

(519)

5,755

(148)

10,53491－

82,32110

(4) Consolidated Statements of Cash Flows(Millions of yen)
Year ended March 31, 2023
Cash flows from operating activities
Income before income taxes
Depreciation
Loss (gain) on sale of fixed assets
Loss on disposal of fixed assets
Loss (gain) on sale of investment securities
Loss (gain) on liquidation of subsidiaries
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for bonuses for directors(and other officers)
Increase (decrease) in provision for product warranties
Increase (decrease) in retirement benefit liability
Decrease (increase) in retirement benefit asset
Increase (decrease) in provision for share awards
Increase (decrease) in provision for loss on orders received
Interest and dividend income
Interest expenses
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Decrease (increase) in other assets
Increase (decrease) in other liabilities
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of shares of subsidiaries
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Payments for finance lease obligations
Proceeds from sale of treasury stock
Purchase of treasury shares
Dividends paid
Dividends paid to non-controlling interests
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

11

Year ended March 31, 2024

1,964
1,847
(6)
14
(146)
(113)
745
(67)

4,233
2,021
(299)
7
(345)
－
(203)
88

(8)

26

89
(13)
(32)
138
(46)
(395)
8
(1,284)(3,310)
(240)
193
125
(434)
(974)
392
(10)
(537)
(1,129)

12
(82)
36
95
(17)
(433)
45
3,513
(3,994)534(1,323)
1,344(1,669)
3,589
431
53
(905)
3,169

(1,914)
718
(459)
(99)
367
(342)
345
(500)
–
(1,884)(1,219)
326
(438)
－
375
(1,086)54－(0)(1,988)

(563)
(2)
3
(0)
(1,601)(2)(2,166)659(4,521)35,03030,508

783
－
84
(72)
(1,921)－(1,125)
1,681
1,736
30,50832,244(5)Notes to the Consolidated Financial Statements(Notes to Going Concern Assumption)
None

12

(Segment Information)[Segment Information]
1. Overview of Reportable Segments
The Company’s reportable segments are components for which discrete financial information is available and whose
operating results are regularly reviewed by management to make decisions about resource allocation and to assess
performance.
The Company and its subsidiaries (the “Group”) operate within a single business related to the manufacture and sale ofpress machines and their ancillary facilities and auxiliary business such as services. The Company plays a key role in its
business in Japan. As for business overseas, local subsidiaries operate business respectively in China, Asia (mainly
Singapore and Malaysia), Americas (mainly U.S.A.), and Europe (mainly Italy). Local subsidiaries each constitute an
independent business entity, and operate business by planning their own comprehensive strategies for products in eacharea.
Accordingly, the Group consists of geographic segments based on a structure operating manufacturing, sales, and service.
Reportable segments are categorized into “Japan,” “China,” “Asia,” “Americas,” and “Europe.”
2. Basis for calculating sales, income or loss, assets, and other items by reportable segment
The accounting method used for reporting regional segments is mostly the same as the one used for preparing consolidated
financial statements.
Operating income or loss is used as reportable segment income or loss. Inter-segment transactions are inter-company
transactions and mainly based on market prices.
3. Information regarding amounts of sales, income or loss, assets, other items, and disaggregation of revenue byreportable segment
Year ended March 31, 2023
(Millions of yen)
Consolidated
Adjustments
financial
Japan
China
Asia
Americas Europe Subtotal
statements
(*1)
(*2)
Sales
(1) Sales to third parties
14,9099,190
4,265
12,814
8,296
49,476–49,476
a. Press Machines
5,383
1,388
1,973
3,529
3,095
15,370–15,370b. Service
3,866
20
27
1
32
3,948
–
3,948
c. Others
24,160 10,599
6,265
16,345
11,424
68,795–68,795
Subtotal
17,487
422
4,410
446
1,440
24,207(24,207)–(2) Inter-segment sales
41,648 11,021
10,676
16,792 12,864
93,003(24,207)
68,795
Total sales
455
(149)
909
286
227
1,729
(189)
1,540
Segment income (loss)
83,898 14,684
12,48912,144 16,223 139,441(23,153)
116,287
Segment assets
Others
1,118
126
211
193
197
1,846
0
1,847
Depreciation
Increase in property,
plant, equipment and
1,938
65
587
62
148
2,801
–
2,801
intangible assets
Notes: 1. Adjustments of sales represent elimination of inter-segment transactions.
Adjustments of segment income (loss) refer to inter-segment transaction eliminations.
Adjustments of segment assets mainly represent elimination of inter-segment receivables and payables.
Adjustments of depreciation and increase in property, plant, equipment and intangible assets mainly
represent elimination of inter-segment transactions.
2. Segment income (loss) is adjusted to operating income of the consolidated statements of income.

13Year ended March 31, 2024

Sales(1) Sales to third parties
a. Press Machinesb. Service
c. Others
Subtotal(2) Inter-segment sales(Millions of yen)
Consolidated
Adjustments
financialstatements
(*1)
(*2)

Japan

China

Asia

Americas

EuropeSubtotal

13,948

10,144

4,719

12,134

11,171

52,118－52,118

5,470

1,212

2,296

3,305

4,165

16,450－16,450

4,063

23

55

－

30

4,173

－

4,173

23,483

11,3807,071

15,43915,36672,742－

72,742

19,420

414

3,764

601

1,139

25,339(25,339)－

42,904 11,794
10,836
16,041 16,506
98,082(25,339)
72,742
Total sales
1,112
797
1,193
397
293
3,794
(178)
3,615
Segment income
88,194 14,619
13,38014,679 22,068 152,943(26,747)
126,195
Segment assets
Others
1,220
133
225
222
218
2,021
(0)
2,021
Depreciation
Increase in property,
plant, equipment and
1,258
91
264
64
121
1,800
－
1,800
intangible assets
Notes: 1. Adjustments of sales represent elimination of inter-segment transactions.
Adjustments of segment income refer to inter-segment transaction eliminations.
Adjustments of segment assets mainly represent elimination of inter-segment receivables and payables.
Adjustments of depreciation and increase in property, plant, equipment and intangible assets mainly
represent elimination of inter-segment transactions.
2. Segment income is adjusted to operating income of the consolidated statements of income.

14(Per Share Information)
Net assets per share, net income per share and diluted net income per share, and the basis for calculation are as follows:(Yen)
Year ended
Year ended
Item
March 31, 2023
March 31, 2024
Net assets per share
1,305.47
1,376.26
Net income per share
21.70
47.02
Diluted net income per share
21.67
46.95
Notes: 1. Basis for calculation of net assets per share
As of
As of
Item
March 31, 2023
March 31, 2024
Total net assets in the consolidated balance sheets (Millions of yen)
78,04382,321
Net assets relating to common stock (Millions of yen)
77,951Main components of the difference
Share acquisition rights (Millions of yen)91
Number of shares outstanding of common stock (Thousands of shares)
69,448
Number of treasury shares of common stock (Thousands of shares)
9,736
Number of shares of common stock used to calculate net assets per share
59,711(Thousands of shares)
2. Basis for calculation of net income per share and diluted net income per share
Year ended
Item
March 31, 2023
Net income attributable to owners of parent in the consolidated statements
1,295
of income (Millions of yen)
Net income attributable to owners of parent relating to common stock
1,295(Millions of yen)Amount not attributable to common shareholders (Millions of yen)–
Average number of shares of common stock outstanding during the period
59,703(Thousands of shares)
Main components of adjustments to net income attributable to owners ofparent used in the calculation of diluted net income per share (Millions of–yen)
Adjustments to net income attributable to owners of parent (Millions of–yen)
Main components of the increase in number of shares of common stock
Share acquisition
used in the calculation of diluted net income per share (Thousands ofrightsshares)Common stock

Increase in number of shares of common stock (Thousands of shares)
Overview of potential shares not included in the calculation of diluted net
income per share as they are non-dilutive (Thousands of shares)

81

82,23091
69,4489,699
59,749Year ended
March 31, 2024
2,808
2,808
－
59,729－－
Share acquisitionrights81 Common stock 86
86

Share acquisitionrightsShare acquisitionrightsCommon stock

20 Common stock 10

3. “Number of treasury shares of common stock” in “1. Basis for calculation of net assets per share” excludes theCompany’s shares (4,335,948 shares as of the end of the previous fiscal year and 4,382,672 shares as of the end of
the fiscal year under review) held by Custody Bank of Japan, Ltd. (Trust Account E) as they are accounted for astreasury shares.
4. “Average number of shares of common stock outstanding during the period” in “2. Basis for calculation of net
income per share and diluted net income per share” excludes the Company’s shares (average number of outstanding
shares of 4,344,746 shares for the previous fiscal year and 4,325,526 shares for the fiscal year under review) heldby Custody Bank of Japan, Ltd. (Trust Account E) as they are accounted for as treasury shares.

15

(Significant Subsequent Events)
1. Repurchase of Shares
The Company resolved to repurchase its hares at the Board of Directors meeting held on March 14, 2024, pursuant
to Article 156 of the Companies Act, as applied pursuant to Paragraph 3 of Article 165 of the same act.
(1) Reason for repurchase of shares
To further enhance shareholder returns, based on the “Basic Policies Regarding Shareholder Returns” in theMedium-Term Management Plan.
(2) Class of shares to be repurchased: Common stock(3) Total number of shares to be repurchased: 2,300,000 shares (maximum)(Representing 3.59% of the total number of shares outstanding, excluding treasury shares)(4) Total cost of share to be repurchased : 2,000 million yen (maximum)(5) Planned period of share repurchase: From April 1, 2024 to June 30, 2024
(6) Method of repurchase: Purchase on Tokyo Stock Exchange(7) Status of stock repurchases as of April 30, 2024
 Class of shares repurchased: Common stock Number of shares repurchased: 1,625,900 shares Aggregate repurchased amount: 1,441,610,400 yen Period of share repurchase: From April 1, 2024 to April 30, 2024
(Note) The repurchase period is based on the trade date, and the purchase date is based on the settlement date.
2. Cancellation of Repurchased Shares
The Company resolved to cancel its treasury shares at the Board of Directors meeting held on March 14, 2024,
pursuant to Article 178 of the Companies Act.
(1) Class of shares to be canceled: Common stock(2) Total number of shares to be cancelled: All shares repurchased through “1. Repurchase of Shares”(3) Scheduled date of cancellation: July 31, 2024
(4) Reason for cancellation of treasury shares: To enhance shareholder returns and improve capital efficiency

4. Supplementary Information
Status of Orders
Year ended March 31, 2024

(Millions of yen)OrdersAmountOrder backlog

Comparison with theprevious period (%)

AmountComparison with the endof previous year (%)

Japan

28,935(0.4)

29,169

23.0

China

8,672

(49.4)

14,804(15.5)

Asia

6,749

(8.1)

4,983

(6.1)

Americas18,07310.8

13,322

24.6

Europe16,67517.8

14,426

10.0

Total

79,105(5.8)

76,7059.0

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

16