< Translation >May 10, 2023

Consolidated Financial Results for the Fiscal Year
Ended March 31, 2023 <under Japanese GAAP>
Company Name: YUSHIN PRECISION EQUIPMENT CO., LTD.
Listing:

Prime Market of the Tokyo Stock Exchange

Securities code: 6482
URL:

https://www.ype.co.jp/en/

Representative:

Takayo Kotani, Representative Director and President

Inquiries:

Kota Oda, Director and Executive Vice President, General Manager of Administration Division
Tel: +81-75-933-9555

Scheduled date of annual general shareholders’ meeting:June 21, 2023

Scheduled date to commence dividend payments:

June 5, 2023

Scheduled date to submit annual securities report:

June 27, 2023

Preparation of supplementary materials on financial results:

Yes

Holding of financial results briefing:

Yes (for analysts)(Amounts less than one million yen are omitted, unless otherwise noted)

1. Consolidated Financial Results for the FY2023 (from April 1, 2022 to March 31, 2023)(1) Consolidated operating results
Net sales(Percentages represent year-on-year changes)
Profit attributable toOrdinary profit
owners of parent

Operating profit

Millions of yen%

Millions of yen%

Millions of yen

22,373
7.2
2,639
(8.7)
FY2023
FY2022
20,874
13.0
2,890
14.6
Note: Comprehensive income
FY2023: 2,234 million yen [(15.3) %]Basic earnings
per share

Millions of yen

%

2,787
(9.7)
1,922
3,085
18.3
2,112
FY2022: 2,639 million yen [16.8 %]

(9.0)
15.6

Diluted earnings
per share

Return on equity

Yen

%

Yen

FY202356.50
FY2022
62.06
Reference: Equity in earnings (losses) of affiliates

6.1
7.1
FY2023: - million yen%

Ratio of ordinary
profit tototal assets

Ratio of operating
profit to
net sales

%

%

7.2
8.6
FY2022: - million yen

11.8
13.8

(2) Consolidated financial position
Total assets

Net assets

Net assets
per share

Equity ratio

Millions of yen

Millions of yen%

Yen

40,84336,89232,58631,04779.0
83.5

948.36904.77

As of March 31, 2023
As of March 31, 2022

Reference: Equity capital (Net assets less Non-controlling interests)
As of March 31, 2023: 32,277 million yen

As of March 31, 2022: 30,794 million yen

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(3) Consolidated cash flows
Net cash provided by(used in) operating
activities

Net cash provided by(used in) investing
activities

Net cash provided by(used in) financing
activities

Cash and cash
equivalents
at end of period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

4,605
2,083

(299)
(1,341)

(695)
(763)

10,8157,055

FY2023
FY2022

2. Cash Dividends
Annual dividends per share
1Q

FY2022
FY2023
FY2024(Forecast)

2Q

3Q

4Q

Total

Total cash
dividends(annual)Ratio ofdividends to net
assets(consolidated)

Dividends
payout ratio(consolidated)

Yen

Yen

Yen

Yen

Yen

Millions of yen

%

%

-

9.00
10.00

-

10.00
20.00

19.00
30.00

646
1,021

30.6
53.1

2.1
3.2

-

10.00

-

10.00

20.00

Note: Breakdown of dividends

42.5

FY2023 4Q
Ordinary dividends: 10.00 yen
Commemorative dividends: 10.00 yen (the 50th anniversary of the establishment)

3. Consolidated Earnings Forecasts for the FY2024 (from April 1, 2023 to March 31, 2024)
Net sales

FY2024

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

Millionsof yen%Millionsof yen%Millionsof yen%Millionsof yen%Yen

23,000

2.8

2,400

(9.1)

2,400

(13.9)

1,600(16.8)

47.01* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying
changes in scope of consolidation): None
(2) 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(3) Number of shares outstanding (common stock)1) Number of shares outstandingat the end of the period(including treasury shares)
2) Number of treasury sharesat the end of the period
3) Average number of outstanding shares
during the period

As of March 31,
2023

35,638,066 As of March 31,
shares 2022

35,638,066
shares

As of March 31,
2023

1,603,076 As of March 31,
shares 2022
34,035,116
FY2022shares1,602,804
shares34,035,424
shares

FY2023

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the FY2023 (from April 1, 2022 to March 31, 2023)(1) Non-consolidated operating results
Net sales
FY2023
FY2022(Percentages indicate year-on-year changes)
Ordinary profit
ProfitOperating profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

15,59515,088

3.4
13.1

1,613
1,816

(11.2)
41.2

2,401
2,604

(7.8)
32.1

1,875
1,953

(4.0)
32.8

Basic earnings
per share
FY2023
FY2022

Diluted earnings
per share
Yen

Yen

55.10
57.39

-

(2) Non-consolidated financial position
Total assets

Total net assets

Net assets
per share

Equity ratio

Millions of yen

Millions of yen%

Yen

As of March 31, 2023

32,37628,511

88.1

837.72As of March 31, 2022

31,42027,28786.8

801.73

Reference: Equity capital (Net assets)
As of March 31, 2023: 28,511 million yen

As of March 31, 2022: 27,287 million yen* The financial information contained in this summary is not the subject of an audit.
* Cautionary statement with respect to forward-looking statements and other special remarks
The above outlook is based on currently available information. A number of factors could cause actual results to differ
materially from expectations. For more information on these assumptions and notes regarding the use of earnings
forecasts, please refer to “1. Overview of operating results, (4) Business forecasts” on page 3 of [Attached Material].

* Disclaimer:This English version is not an official translation of the original Japanese document. In cases of any discrepancy between the English version and theoriginal Japanese version, the Japanese version shall prevail. YUSHIN PRECISION EQUIPMENT CO., LTD. assumes no responsibility or liability fordamages or losses caused by errors, inaccuracies, misunderstandings or misspellings with regard to this translation. This translation may be used forreference purposes only. YUSHIN PRECISION EQUIPMENT CO., LTD. reserves the right to seek compensation from violators for any damage or loss
it may suffer due to violation of these conditions.

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)[Attached Material]
INDEX

1. Overview of Operating Results ·······························································································2(1) Overview of operating results for the fiscal year ended March 31, 2023 ············································2(2) Overview of financial condition for the fiscal year ended March 31, 2023 ··········································2(3) Overview of cash flow for the fiscal year ended March 31, 2023·····················································3(4) Business forecasts ··········································································································3
2. Selection of Accounting Standards ···························································································4
3. Consolidated Financial Statements and Major Notes ······································································5(1) Consolidated balance sheets ·······························································································5(2) Consolidated statements of income and consolidated statements of comprehensive income······················7Consolidated statements of income ·······················································································7Consolidated statements of comprehensive income ·····································································8(3) Consolidated statements of changes in equity ··········································································9(4) Consolidated statements of cash flows ················································································· 11(5) Notes to consolidated financial statements ············································································· 12
Notes related to regarding premise of going concerns ································································ 12
Segment information etc. ································································································· 12
Per share indexes ·········································································································· 14
Significant subsequent events ···························································································· 14
Order, backlog and sales ·································································································· 15
Overseas sales ·············································································································· 151YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

1. Overview of Operating Results(1) Overview of operating results for the fiscal year ended March 31, 2023
During the current consolidated fiscal year, the global economy showed a recovery trend toward positive
growth, as business and economic activities go hand in hand, as the restriction on business activities is eased by
the global progress in vaccination against COVID-19 infection. On the other hand, the outlook for the exchange
rate is becoming increasingly uncertain, and there are concerns that the economic recovery will be delayed due torising raw material and ocean transportation costs caused by geopolitical risks.
Under these circumstances, YUSHIN Group has continued to develop new customers on a global scale andexpand the business of custom-ordered equipment for medical field. As a result, orders received during theconsolidated fiscal year increased significantly year on year due to the orders received for large scale customordered medical equipment.
For the current consolidated fiscal year, Net sales of take-out robots decreased compared with the previous
consolidated fiscal year, partly due to the impact of China shutdown, while sales of custom-ordered equipment
increased due to the contribution of a large order for medical equipment. By region, sales of custom-ordered
equipment was strong in Japan, North America and Europe. As a result, consolidated Net sales increased 7.2%
from the previous fiscal year to 22,373 million yen. In terms of profit, Operating profit decreased 8.7% from theprevious period to 2,639 million yen, despite the increase in consolidated Net sales, due to higher labor costs andincreases in material prices and ocean transportation costs. Ordinary profit decreased 9.7% to 2,787 million yen
despite foreign exchange gains, and Net income attributable to owners of the parent decreased 9.0% to 1,922
million yen.
During the current consolidated fiscal year, the Company adopted the recommendations of “the Task Force on
Climate-related Financial Disclosures (TCFD)”, established “YUSHIN Group Human Rights Policy”, formed a“sustainability committee”, identified sustainability “materiality”, and continued to promote sustainability
activities throughout the year. We will continue to contribute to the creation of a sustainable society andenvironment through our business activities focused on providing labor-saving solutions, while striving forsustainable business development and increasing corporate value.
Operating result by product category< Take-out robots >Net sales of take-out robots decreased by 128 million yen (0.9%) from theprevious FY to 14,154 million yen.
< Custom-ordered equipment >Net sales of custom-ordered equipment increased by 1,281 million yen (41.0%)
from the previous FY to 4,406 million yen.
< Parts and maintenance service > Net sales of parts and maintenance service increased by 345 million yen (10.0%)
from the previous FY to 3,812 million yen.
Operating result by segment category< Japan >Net sales increased by 3.4% from the previous FY to 15,595 million yen and operating profit
decreased by 11.2% from the previous FY to 1,613 million yen.
< North America > Net sales increased by 15.5% from the previous FY to 4,650 million yen and operating profit
increased by 14.4% to 567 million yen.
< Asia >Net sales decreased by 2.9% from the previous FY to 5,568 million yen and operating profit
decreased by 13.8% to 440 million yen.
< Europe >Net sales increased by 52.5% from the previous FY to 1,957 million yen and operating profit
decreased by 3.1% from the previous FY to 152 million yen.

(2) Overview of financial condition for the fiscal year ended March 31, 2023
< Assets >Total assets increased by 3,950 million yen from the end of the previous fiscal year to40,843 million yen. This was mainly due to increase of 3,764 million yen in Cash and deposits.
< Liabilities > Total liabilities increased by 2,411 million yen from the end of the previous fiscal year to 8,256
million yen. This was due to increase of 2,558 million yen in Advances received.
< Net assets > Net assets increased by 1,538 million yen from the end of the previous fiscal year to 32,586
million yen mainly due to increase of Retained earnings by 1,242 million yen.

2

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(3) Overview of cash flow for the fiscal year ended March 31, 2023
The balance of Cash and cash equivalents on March 31, 2023 increased by 3,759 million yen from the end of
the previous fiscal year to 10,185 million yen. Main reasons are as follows.
< Cash flow from operating activities >Cash flow from operating activities for the fiscal year ended March 31, 2023 was a net inflow of 4,605 million
yen (it was a net inflow of 2,083 million yen in the previous fiscal year) as Profit before income taxes was 2,769
million yen, payment for income taxes was 1,050 million yen, and increase in other Current liabilities was 2,515
million yen.
< Cash flow from investment activities >Due to expenditures of 262 million yen for the acquisition of Property, plant and equipment, etc., Cash flow frominvestment activities for the fiscal year ended March 31, 2023 was a net outflow of 299 million yen (it was a net
outflow of 1,341 million yen in the previous fiscal year.)< Cash flow from financing activities >Due to cash dividends paid of 680 million yen and other factors, Cash flow from financing activities for the
fiscal year ended March 31, 2023 was a net outflow of 695 million yen (it was a net outflow of 763 million yen in
the previous fiscal year).

(4) Business forecasts
With regard to the external environment surrounding our company, while the uncertainty surrounding the
COVID-19 infection has subsided and the economic growth rate is expected to improve in some regions, including
China, the growth rate is expected to remain low in some regions due to rising interest rates to curb inflation andthe impact of geopolitical risks. In the medium to long term, the global trend toward production automation is
expected to continue, with attention to labor safety and improving production efficiencies.
In this environment, YUSHIN Group will continue to quickly take advantage of changes in the businessenvironment and strive for further development as a leading company in take-out robot industry, based on the
management philosophy of "Look outward far and wide, constantly seek technological innovation and give backto society for all it has given us." To this end, YUSHIN Group will work to expand sales of the robots by enhancing
product appeal and strengthening global sales development. We will collect accurate market information toincrease our global market share. For custom-ordered equipment, in response to increasing demand for automation
at home and abroad due to labor shortages and rising labor costs, YUSHIN Group will continue to work to expand
sales and develop new business.
At the same time, we will promote measures to address the five material issues identified for the fiscal year
ending March 31, 2023: “Promotion of occupational safety”, “Productivity improvement of customers’ factory”,“Tackling climate change”, “Strengthening human capital”, and “Strengthening corporate governance.” In
addition, we will increase productivity by strengthening our organization, human capital development, and IT
systems with a focus on CI penetration, and by improving the quality, efficiency, and speed of our operations.
Our current forecast for the fiscal year ending March 31, 2024 is as follows.
Despite the slowdown in the global economic growth rate, we expect an increase in revenue due to global
needs for production automation, including sales of large-scale custom-ordered equipment for which we havealready received orders. On the other hand, further increases in raw material costs and active investment in humanand other resources for future high growth are expected to cause a temporary decline in profit margins.
(Consolidated Earnings Forecasts)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent

23,000 million yen
2,400 million yen
2,400 million yen
1,600 million yen

3

Y/Y 2.8 %Y/Y (9.1) %Y/Y (13.9) %Y/Y (16.8) %YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

2. Selection of Accounting Standards
YUSHIN plans to continue its policy of generating consolidated financial statements according to Japanesestandards in consideration of the fact YUSHIN does not conduct global funding and to enable the comparison withother Japanese companies in the same sector.
With regard to the adoption of IFRS, YUSHIN will take into account the situation across various domestic andinternational markets and take appropriate action.

4

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

3. Consolidated Financial Statements and Major Notes(1) 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
Consumption taxes receivable
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
LandConstruction in progress
Other, net
Total property, plant and equipment
Intangible assets
Other
Total 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

5

As of March 31, 2022

(Thousands of yen)
As of March 31, 2023

12,404,898
5,905,288
1,074,756
1,203,508
3,571,482
87,049261,516(7,869)24,500,630

16,169,066
5,471,088
1,288,257
1,338,876
3,760,970
87,112533,648(10,601)
28,638,417

3,849,455
119,383
6,812,488
12,058132,651
10,926,037

3,609,396
150,183
6,821,488
34,792
130,662
10,746,522

186,751
186,751

192,975
192,975

263,848
264,457
647,939
181,809(78,488)1,279,566
12,392,355
36,892,986

307,324
215,986
649,980
141,492(49,464)
1,265,319
12,204,817
40,843,235

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(Thousands of yen)
<LIABILITIES>Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
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
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-salesecurities
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

6

As of March 31, 2022

As of March 31, 2023

1,710,595
935,700
519,785
560,244
1,162,547
300,053
32,400137,341
310,217
5,668,885

1,733,016
890,045586,065
275,1033,721,457
310,344
29,840256,644
210,3028,012,820

100,40224,17951,807
176,388
5,845,274

164,600
6,260
73,254244,116
8,256,936

1,985,666
2,024,597
27,212,010(1,355,446)
29,866,827

1,985,666
2,024,597
28,454,129(1,355,632)
31,108,761

88,637

118,852

796,769
41,960927,367
253,516
31,047,712
36,892,986

1,043,867
5,780
1,168,500
309,036
32,586,298
40,843,235

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(2) Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Thousands of yen)
FY2023

FY2022
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest and dividend income
Purchase discounts
Foreign exchange gains
Surrender value of insurance policies
Other
Total non-operating income
Non-operating expenses
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 – current
Income taxes – deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

7

20,874,646
11,883,001
8,991,644
6,100,809
2,890,835

22,373,189
12,799,243
9,573,946
6,934,523
2,639,422

12,432
7,963
96,60871,9306,795
195,729

14,707
8,162
99,86427,967150,701

1,289
1,289
3,085,275

3,113
3,113
2,787,011

1,311
1,311

7,418
7,418

221
221
3,086,364
958,781(6,320)952,461

25,28225,282
2,769,146
795,362(5,015)790,347

2,133,903

1,978,799

21,664
2,112,238

55,976
1,922,822

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

Consolidated statements of comprehensive income(Thousands of yen)
FY2023

FY2022
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 ownersof parent
Comprehensive income attributable tonon-controlling interests

82,133,903

1,978,799(15,203)
516,502
4,687
505,9852,639,888

30,215
262,029(36,180)
256,064
2,234,863

2,608,158

2,163,955

31,73070,908YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(3) Consolidated statements of changes in equity
FY2022(Thousands of Yen)
Shareholders’ equity
Share capital
Balance at the beginning ofcurrent period

CapitalsurplusRetainedearnings

Treasuryshares2,024,597

25,848,552(1,355,222)

1,985,666

Total
Shareholders’equity28,503,594

Changes during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury shares
Change in ownershipinterest of parent due totransactions with noncontrolling interests
Net changes in items otherthan shareholders’ equity(748,780)(748,780)

2,112,238

2,112,238
(224)

(224)

Total changes during period--

1,363,457(224)

1,363,233

Balance at the end of current
period

1,985,666

2,024,597

27,212,010(1,355,446)

29,866,827

Noncontrollinginterests

Total net
assets

Accumulated other comprehensive income

Balance at the beginning ofcurrent period

Valuationdifference
on availablefor-salesecurities

Foreigncurrencytranslation
adjustment

Remeasurements ofdefinedbenefit plans

Total
accumulated
othercomprehensive
income103,840

290,333

37,273

431,448

236,879

29,171,922

Changes during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury shares
Change in ownershipinterest of parent due totransactions with noncontrolling interests
Net changes in items otherthan shareholders’ equity(748,780)
2,112,238(224)-(15,203)

506,435

4,687

495,919

16,636

512,556

Total changes during period(15,203)

506,435

4,687

495,919

16,636

1,875,789

Balance at the end of current
period88,637796,769

41,960927,367

253,516

31,047,712

9

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)
FY2023(Thousands of Yen)
Shareholders’ equity
Share capital
Balance at the beginning ofcurrent period

1,985,666

CapitalsurplusRetainedearnings

Treasuryshares2,024,597

27,212,010(1,355,446)

Total
Shareholders’equity29,866,827

Changes during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury shares
Change in ownershipinterest of parent due totransactions with noncontrolling interests
Net changes in items otherthan shareholders’ equity(680,703)(680,703)

1,922,822

1,922,822
(185)

(185)

Total changes during period--

1,242,119(185)

1,241,933

Balance at the end of current
period

1,985,666

2,024,597

28,454,129(1,355,632)

31,108,761

Noncontrollinginterests

Total net
assets

253,516

31,047,712

Accumulated other comprehensive income

Balance at the beginning ofcurrent period

Valuationdifference
on availablefor-salesecurities

Foreigncurrencytranslation
adjustment

Remeasurements ofdefinedbenefit plans

Total
accumulated
othercomprehensive
income88,637796,769

41,960927,367

Changes during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury shares
Change in ownershipinterest of parent due totransactions with noncontrolling interests
Net changes in items otherthan shareholders’ equity(680,703)
1,922,822(185)-

30,215

247,097(36,180)

241,132

55,519296,652

Total changes during period

30,215

247,097(36,180)

241,132

55,519

1,538,586

Balance at the end of current
period118,852

1,043,867

5,780

1,168,500

309,036

32,586,298

10

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(4) Consolidated statements of cash flows(Thousands of yen)
FY2023

FY2022
Cash flows from operating activities
Profit before income taxes

3,086,364

2,769,146

Depreciation
Increase (decrease) in allowance for doubtful
accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for bonuses
for directors
Increase (decrease) in retirement benefits asset andliability
Interest and dividend income
Decrease (increase) in trade receivables

585,500

521,41323,807(27,847)

17,093

9,812(10,400)(2,560)4,071

108,405(12,432)(93,777)(14,707)518,622

Decrease (increase) in inventories(575,941)(755,349)

Increase (decrease) in trade payables
Increase (decrease) in other current liabilities
Other, net(351,423)
185,663(193,910)

276,170
2,515,291(277,024)

Subtotal

2,664,615

5,641,373

Interest and dividends received

12,82014,802

Proceeds from insurance income
Income taxes paid

227,892(822,155)(1,050,585)

Net cash provided by (used in) operating activities

2,083,173

4,605,590(5,298,951)(5,304,348)

4,800,000(810,921)

5,300,000(262,443)

1,823(33,685)(1,341,734)

8,651(41,465)(299,606)(224)(748,321)(15,094)(763,639)(185)(680,060)(15,388)(695,634)

231,201

149,134

Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
Proceeds from sales of properly, plant and equipment
Purchase of intangible assets
Net cash provided by (used in) investing activities
Cash flows from financing activities
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

209,001

3,759,483

Cash and cash equivalents at beginning of period

6,846,745

7,055,746

Cash and cash equivalents at end of period

7,055,746

10,815,230

11

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(5) Notes to consolidated financial statements
Notes related to regarding premise of going concerns
Non applicable
Segment information etc.
a. Segment information
1. Overview of reportable segment
Segments used for financial reporting are the Company’s constituent units for which separate financial
information is available and for which the Board of Directors performs periodic studies for the purposesof determining the allocation of resources and evaluating performance.
YUSHIN carries out the development, production, sales and after-sales maintenance of take-out robots
for injection-molded products and peripheral equipment, including labor-saving systems. In the domestic
market, these operations are handled by the Company; overseas markets - North America, Asia (South
Korea, Taiwan, China, Indonesia, Vietnam, Malaysia, Thailand and India) and Europe (UK and Germany)- are serviced by local subsidiaries, including Yushin America Inc. (US), Yushin Korea Co., Ltd. (South
Korea), Yushin Automation Ltd. (Europe) and other local ones. The local subsidiaries are independently
managed units, with separately drafted strategies and activities.
Accordingly, YUSHIN's operations, based on its production, sales and after-sales maintenance setups,
are geographically grouped into four reportable segments: Japan, North America, Asia and Europe.
2. Method of calculating sales and profit (loss), identifiable assets, and other items by business segment
reported
Accounting policies for the reportable business segments are the same as “Basis of Presenting
Consideration Financial Statements”.
Income by business segment reported is calculated based on operating profit.
Inter-segment profit and transfer are based on realized market price basis.

12

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)
3. Information related to sales and profit (loss), identifiable assets, and other items for each reportablesegment
FY2022 (from April 1, 2021 to March 31, 2022)(Thousands of yen)

Reportable segment
Japan
Net sales
Sales toCustomers
Inter-segment
sales or transfers

North
America

Asia

Europe

Total

Adjustment*1

Amounts
shown onconsolidated
statements ofincome *2

10,265,289

4,021,459

5,306,618

1,281,279

20,874,646-

20,874,646

4,823,672

5,707

425,785

2,576

5,257,741(5,257,741)

-

Total

15,088,961

4,027,166

5,732,404

1,283,855

26,132,387(5,257,741)

20,874,646

Segment profit

1,816,464

496,032

511,483

156,837

2,980,818(89,983)

2,890,835

Segment assets

20,195,458

3,023,260

4,810,225

1,538,924

29,567,868

7,325,117

36,892,986

509,026

29,761

30,536

16,119585,44356

585,500

Other items
Depreciation

Increase inincrement of
795,306
25,067
13,981
12,202846,557
846,557
tangible &intangible assets*Notes 1: Adjustment is as follows.
(1) The (89,983) thousand yen adjustment to segment profit includes eliminations for inter-segment
transactions of 12,073 thousand yen and inventory adjustments of (102,056) thousand yen.
(2) The 7,325,117 thousand yen adjustment to segment assets includes eliminations for inter-segment
transactions of (2,868,816) thousand yen and operating funds of surplus assets by the Company (Cash anddeposits) and long-term investments funds (Investments securities) of 10,193,933 thousand yen.
*Notes 2: Segment profit is adjusted to be consistent with operating profit shown on the consolidated statements of income.
FY2023 (from April 1, 2022 to March 31, 2023)(Thousands of yen)

Reportable segment
Japan

North
America

Asia

Europe

Total

Adjustment*1

Amounts
shown onconsolidated
statements ofincome *2

Net sales
Sales toCustomers
Inter-segment
sales or transfers

10,570,836

4,628,188

5,221,804

1,952,360

22,373,189-

22,373,189

5,024,591

22,083

346,483

4,957

5,398,116(5,398,116)

-

Total

15,595,428

4,650,271

5,568,287

1,957,317

27,771,305(5,398,116)

22,373,189

Segment profit

1,613,017

567,674

440,920

152,006

2,773,618(134,195)

2,639,422

Segment assets

19,816,035

3,221,413

4,849,331

4,675,093

32,561,874

8,281,360

40,843,235

Other items
Depreciation

428,506
46,68428,415
17,773521,37933
521,413
Increase inincrement of
252,978
51,541
7,289
8,075
319,885
319,885
tangible &intangible assets*Notes 1: Adjustment is as follows.
(1) The (134,195) thousand yen adjustment to segment profit includes eliminations for inter-segment
transactions of 1,577 thousand yen and inventory adjustments of (135,773) thousand yen.
(2) The 8,281,360 thousand yen adjustment to segment assets includes eliminations for inter-segment
transactions of (3,141,212) thousand yen and operating funds of surplus assets by the Company (Cash anddeposits) and long-term investments funds (Investments securities) of 11,422,572 thousand yen.
*Notes 2: Segment profit is adjusted to be consistent with operating profit shown on the consolidated statements of income.

13

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)
Per share indexes(Yen)
FY2022

FY2023Book-value per share (BPS)

904.77948.36

Earnings per share (EPS)

62.06

56.50

*Notes 1: Net income per share fully diluted is not shown since there is none.
*Notes 2: The bases for calculating Earnings per share (EPS) are followings.
(Thousands of yen)
FY2022
Profit attributable to owners of parent

FY2023

2,112,238

1,922,822--

2,112,238

1,922,822

34,035,424 shares

34,035,116 shares

Amount not attributable to general shareholders
Profit attributable to owners of parent
for common shares
Average number of shares*Notes 3: The bases for calculating Book-value per share (BPS) are followings.
(Thousands of yen)
As of March 31, 2022
Total net assets

As of March 31, 2023

31,047,712

32,586,298

Amounts deducted from total net assets

253,516

309,036(Portion of non-controlling interest)(253,516)(309,036)

30,794,195

32,277,261

34,035,262 shares

34,034,990 shares

Net assets at fiscal year-end applicable to commonsharesNumber of common shares at fiscal year-end used in
calculating book-value per share
Significant subsequent events
Non applicable

14

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

Order, backlog and sales(1) Orders
1) Order received
Products(Thousands of yen)
FY2022

FY2023

Changes (%)

Take-out robots

14,402,822

14,519,169

0.8

Custom-ordered equipment

3,910,657

8,444,141

115.9

Parts and maintenance services

3,519,089

3,806,995

8.2

Total

21,832,569

26,770,306

22.62) Backlog of orders
Products(Thousands of yen)
As of March 31, 2022

As of March 31, 2023

Changes (%)

Take-out robots

3,120,818

3,485,923

11.7

Custom-ordered equipment

2,209,590

6,247,524

182.7

Parts and maintenance services

259,129

253,208

(2.3)

Total

5,589,539

9,986,656

78.7(Thousands of yen)

(2) Net sales
Products

FY2022

FY2023

Changes (%)

Take-out robots

14,282,738

14,154,064(0.9)

Custom-ordered equipment

3,124,841

4,406,207

41.0

Parts and maintenance services

3,467,065

3,812,917

10.0

Total

20,874,646

22,373,189

7.2

Overseas sales
FY2022 (from April 1, 2021 to March 31, 2022)
North
AmericaI

Overseas sales(Thousands of yen)

4,103,678

Asia

Europe6,940,765

1,075,765

Other areas
492,372

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

Overseas sales

19.7

33.2

5.2

2.4

60.4

(Thousands of yen)

4,674,792

Asia

Europe6,860,376

1,333,058

Other areas
653,454

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

12,612,580
20,874,646

FY2023 (from April 1, 2022 to March 31, 2023)
North
America
I

Total

Total
13,521,682
22,373,189

20.9

30.7

6.0

2.9

60.4

End of Materials

15