FY2016 Consolidated Financial Results [Japanese Standard］(April 1, 2015 through March 31, 2016)
April 28, 2016
This translation may be used only for reference purposes. This English version is a summary of the original
Japanese document. In cases where any differences occur between the English version and the original Japaneseversion, the Japanese version shall prevail. Aisin Seiki Co.,Ltd. shall accept no responsibility or liability
for damage or loss caused by any error, inaccuracy, or misunderstanding with regard to this translation.

AISIN SEIKI Co., Ltd.

Company Name

Listed on

The Tokyo and Nagoya
Stock Exchanges (1st division)

Code Number
URL
Representative
Contact person7259
http://www.aisin.com/
Yasumori Ihara, President+81 - 566 - 24 - 8265
Tomohiro Mamiya
TEL
General Manager, Finance & Costing Dept.
The scheduled date of the annual regular general meeting of shareholders: June 17, 2016
Scheduled filing date for reporting on EDINET: June 20, 2016
The expected date of dividends payment: June 20, 2016
Additional documents to supplement financial results: Yes (Japanese only)
Quarterly IR presentation: Yes (For analysts and professional investors)（Amounts less than million yen are rounded down）

１. Consolidated Results for FY2016（Apr. 1, 2015 through Mar. 31, 2016）(1)Consolidated Financial Results（Percent indications show the percentage of changes from corresponding figures for the previous period）

Net Sales
FY2016FY2015

Operating Income

Profit atributable toowners of parent

Ordinary Income

Million Yen％

Million Yen％

Million Yen％

Million Yen％

3,243,178
2,964,619

9.4―

176,435
166,103

6.2―

186,887
188,377-0.8―

96,97477,55025.0―

Note : Comprehensive income FY2016: -15,631million yen (―%), FY2015: 244,635 million yen (―%)

Earnings Per ShareFY2016FY2015

Fully Diluted Earnings
Per Share

Return on Equity

Return on Assets

Ratio of Operating
Income to Net Sales

Yen

Yen

％

％

％

342.67274.69341.84273.97

8.6
7.2

6.4
6.8

5.4
5.6

Reference : Equity income FY2016 : 8,448million yen , FY2015 : 8,728 million yen
Note : Percentage of changes from corresponding figures for the previous period of FY2015 is not shown due to retrospective restatement after accounting
policy change.

(2)Consolidated Financial Position
Total Assets

FY2016FY2015

Net assets excluding
Net assets excluding
subscription rights to shares subscription rights to sharesand non-controlling interests and non-controlling interests
as a percentage of total
per share

Net Assets

Million Yen

Million Yen％

2,864,816
2,931,175

1,477,990
1,532,776

38.5
39.6

Yen

3,891.58
4,109.21

Reference : Net assets excluding subscription rights to shares and non-controlling interests FY2016 : 1,102,189 million yen, FY2015 : 1,161,298 million yen(3)Consolidated Cash Flows
From operating
activities
FY2016FY2015

From investing
activities

From financing
activities

Cash and cash
equivalents
at the end of FY

Million Yen

Million Yen

Million Yen

Million Yen

292,193239,771-237,260-261,354-77,163-17,734

263,217294,692

２. Cash Dividends
Annual Cash Dividends Per ShareFY2015FY2016FY2017(Forecast)

1st quarter2nd quarter3rd quarter

4th quarter

Yen

Yen

Yen

Yen

Dividends total

FY Total
Yen

―
―

45.00
50.00

―
―

50.00
50.00

95.00
100.00

―

―

―

―

―

Dividends
Payout Ratio

Ratio of Total Amountof Dividends to Net
assetsMillion Yen％％

26,83428,311

34.6
29.2

2.5
2.5

―

Note : Dividend forecast of FY2017 has not been dicided at this point.

３. Consolidated forecast for FY2017 (Apr. 1, 2016 through Mar. 31, 2017)
Forecast for FY2017 can not be disclosed at this point due to difficulties to estimate financial impact of Kumamoto Earthquakes which
occurred on April 2016. Forecast will be disclosed at a later date after examination of the above situation.

４. Others(１)Changes in significant subsidiaries： None(2)Changes in accounting policies, accounting estimation and restatement①Changes according to revision of accounting standard ： Yes②Other changes： Yes③Accounting estimation changes ： None
④Retrospective restatement： None(3)Issued and outstanding capital stock
Number of shares issued as of the①
respective balance sheet date
Number of treasury stock as of the②
respective balance sheet date
Average number of shares issued③
during the fiscal year

FY2016294,674,634 shares

FY2015

294,674,634 shares

FY2016

11,450,571 shares

FY2015

12,066,234 shares

FY2016282,999,070 shares

FY2015282,314,098 shares※ Explanation regarding the review procedure
At the time of this submission we are currently in process of being reviewed for securities report.
※ Explanation regarding the appropriate use of forecasts, and other statements(Note concerning forecast)
Forecast for FY2017 can not be disclosed at this point due to difficulties to estimate financial impact of Kumamoto Earthquakes
which occurred on April 2016. Forecast will be disclosed at a later date after examination of the above situation.
(Note concerning dividend)
The Company's stable dividend policy takes into account the overall consideration of business performance, payout ratio, andother performance factors. However, dividend forecast has not been decided at this point due to difficulties to determine theforecast for FY2017. AISIN will propose dividend amount to shareholders after taking into consideration of future financial results.

５. Consolidated financial statements(１） Consolidated balance sheets（Million Yen）

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Electronically recorded monetary claims-operating
Short-term investment securities
Merchandise and finished goods
Work in process
Raw materials and supplies
Deferred tax assets
Other
Allowance for doubtful accounts
Total current assets
Noncurrent 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
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Lease assets
Accumulated depreciation
Lease assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Net defined benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

FY2015(As of Mar. 31. 2015)

FY2016(As of Mar. 31. 2016)

273,940
388,915
39,109134,237
109,932
63,25674,26860,31971,513-1,081
1,214,411

309,061433,273
46,22943,043
115,711
57,196
79,58660,54971,826-2,3381,214,139

721,957-428,455
293,502
1,761,037-1,344,464
416,572
317,597-274,785
42,811
125,759
2,324-1,280
1,043
126,570
1,006,260
24,740760,534-447,880
312,654
1,892,446-1,396,422
496,024
333,717
286,080
47,636
128,656
2,582-1,615967
78,495
1,064,433
23,479603,061
11,48446,65825,054-495
685,763
1,716,764
2,931,175

483,348
2,340
53,68623,864-475
562,763
1,650,677
2,864,816

（Million Yen）

Liabilities
Current liabilities
Notes and accounts payable-trade
Electronically recorded liabilities - operating
Short-term loans payable
Current portion of bonds
Accrued expenses
Provision for product warranties
Other provisions
Other
Total current liabilities
Noncurrent liabilities
Bonds payable
Long-term loans payable
Deferred tax liabilities
Provision for directors' retirement benefits
Net defined benefit liability
Other
Total noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
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
Subscription rights to shares
Non-controlling interests
Total net assets
Total liabilities and net assets

FY2015(As of Mar. 31. 2015)

FY2016(As of Mar. 31. 2016)

382,457
96,895
10,035
186,854
18,9872,105
134,829
832,165

295,109125,754
66,10835
202,804
18,551
2,039
132,615
843,01780,084
241,025
94,931
5,729
121,790
22,672566,234
1,398,399

80,049239,434
52,075
5,792
152,835
13,621
543,809
1,386,826

45,04960,018824,433-19,000
910,501

45,04960,736893,127-18,035
980,878

211,331-730
45,507-5,311
250,796
1,770
369,707
1,532,776
2,931,175

136,922-668
8,732-23,675
121,311
1,126
374,674
1,477,990
2,864,816

(２） Consolidated statements of operation and comprehensive income- Consolidated statements of income （Million Yen）

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Freightage and packing expenses
Provision for product warranties
Salaries and allowances
Provision for directors' bonuses
Retirement benefit expenses
Provision for directors' retirement benefits
Other
Total selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Equity in earnings of affiliates
Foreign exchange gains
Gain on transfer of business
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income
Extraordinary losses
Loss on violation of antitrust law
Total extraordinary losses
Income before income taxes and non-controlling interests
Income taxes-current
Income taxes-deferred
Total income taxes
Current term net profit
Profit attributable to non-controlling interests
Profit attributable to owners of parent

FY2015(Apr. 1, 2014 throughMar. 31, 2015)
2,964,619
2,548,231
416,387

FY2016(Apr. 1, 2015 throughMar. 31, 2016)
3,243,178
2,785,718
457,459

40,226789
68,887
1,794
3,132
976
134,476
250,283
166,10343,805
1,164
74,468
1,793
3,944
1,024
154,823
281,024
176,435

1,491
9,091
8,728
7,617
－
10,241
37,1701,471
11,320
8,448
－
8,200
15,667
45,107

6,491
－
8,405
14,896
188,377

7,525
12,31014,82034,656
186,887

4,315
4,315
184,062
53,555
12,19465,750118,31140,761
77,550－－186,887
54,572-2,37852,193
134,693
37,71896,974

- Consolidated statements of comprehensive income （Million Yen）

Current term net profit
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
Share of other comprehensive income of associates
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to
Owners of the parent
Non-controlling interests

FY2015(Apr. 1, 2014 throughMar. 31, 2015)
118,311

FY2016(Apr. 1, 2015 throughMar. 31, 2016)
134,693

81,904267
50,231-10,691-74,701
59-48,525-24,026

4,611
126,323
244,635-3,130-150,324-15,631

190,796
53,838-32,509
16,878

(３） Consolidated statements of changes in Net Assets
FY2015 (Apr. 1, 2014 through Mar. 31, 2015)（Million Yen）
Shareholders' equity
Capital stock
Beginning Balance
Cumulative effects of changes
in accounting policies
Beginning Balance after reflecting
the change in accounting policies
Increase/Decrease during theperiodDividends of surplus
Profit/Loss attributable toowners of parent

Capital surplus

45,049Retained earnings

59,504

Total shareholders'equityTreasury stock
777,154-19,718

861,990-637
45,04959,504

776,516-637-19,718-29,632-29,632

77,55077,550
-8

-8

726

1,240

Purchase of treasury stock
513

Disposal of treasury stock

861,352

Net changes of items otherthan shareholders' equity―

513

47,917717

49,14845,04960,018824,433-19,000

910,501

Total changes of items during periodEnding balance

Accumulated other comprehensive income
Valuationdifference
on availablefor-salesecurities

Beginning Balance

129,943

DeferredForeign
gains orcurrency
lossestranslationon
adjustment
hedges

-999

5,642

Remeasurementsof defined benefit
plans

2,963

Total
accumulated
othercomprehensive
income137,550

NonSubscription
Total netcontrollingrights toassetsinterests
shares2,384

Cumulative effects of changes
in accounting policies
Beginning Balance after reflecting
the change in accounting policies
Increase/Decrease during theperiod326,578 1,328,503-10

129,943

-999

5,642

2,963

137,550

2,384

-648

326,567 1,327,855

Dividends of surplus-29,632

Profit/Loss attributable toowners of parent

77,550Purchase of treasury stock

-8
1,240

Disposal of treasury stock
Net changes of items otherthan shareholders' equity

81,388268

39,864-8,275113,246-614

43,140155,772

Total changes of items during period

81,388268

39,864-8,275113,246-614

43,140204,921

Ending balance

211,331-730

45,507-5,311

250,796

1,770

369,707 1,532,776

FY2016 (Apr. 1, 2015 through Mar. 31, 2016)（Million Yen）
Shareholders' equity
Capital stock
Beginning Balance
Increase/Decrease during theperiodCapital increase of consolidated
subsidiaries

Capital surplus

45,049Retained earnings

60,018

Total shareholders'equityTreasury stock
824,433-19,000

910,501-39-39

Dividends of surplus-28,280-28,280

Profit/Loss attributable toowners of parent

96,97496,974
-7

-7

971

1,729

Purchase of treasury stock
757

Disposal of treasury stock
Net changes of items otherthan shareholders' equity―

717

68,693964

70,37645,04960,736893,127-18,035

980,878

Total changes of items during periodEnding balance

Accumulated other comprehensive income
Valuationdifference
on availablefor-salesecurities

Beginning Balance
Increase/Decrease during theperiodCapital increase of consolidated
subsidiaries

211,331

DeferredForeign
gains orcurrency
lossestranslationon
adjustment
hedges-730

45,507

Remeasurementsof defined benefit
plans-5,311

Total
accumulated
othercomprehensive
income250,796

NonSubscription
Total netcontrollingrights toassetsinterests
shares

1,770

369,707 1,532,776-39

Dividends of surplus-28,280

Profit/Loss attributable toowners of parent

96,974Purchase of treasury stock-7

Disposal of treasury stock

1,729

Net changes of items otherthan shareholders' equity-74,408

62-36,774-18,363-129,484

-644

4,966

-125,162

Total changes of items during period-74,408

62-36,774-18,363-129,484

-644

4,966

-54,786

Ending balance

136,922

-668

8,732

-23,675

121,311

1,126

374,674 1,477,990

(4） Consolidated statements of cash flows（Million Yen）

FY2015FY2016(Apr. 1, 2014 through (Apr. 1, 2015 throughMar. 31, 2015)
Mar. 31, 2016)
Net cash provided by (used in) operating activities
Income before income taxes and non-controlling interests
Depreciation and amortization
Decrease (increase) in notes and accounts receivable-trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable-trade
Other, net
SubtotalInterest and dividends income received
Interest expenses paid
Income taxes (paid) refund
Net cash provided by (used in) operating activities
Net cash provided by (used in) investing activities
Decrease (increase) in time deposits and securities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of investment securities
Proceeds from sales and redemption of investment securities
Other, net
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities
Increase (decrease) in short-term bank loans and commercial papers
Proceeds from long-term loans payable
Repayment of long-term loans payable
Proceeds from issuance of bonds
Redemption of bonds
Cash dividends paid
Cash dividends paid to non-controlling interests
Other, net
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

184,062
161,028-14,179-38,177
7,197
3,863
303,795
13,356-6,486-70,893239,771

186,887
188,213-76,136-14,72139,382
12,482
336,108
16,124-7,670-52,367
292,193-10,517-240,533
11,943-49,120
32,614-5,741-261,354

20,667-266,717
5,943-12,325
22,879-7,708-237,260

5,215
44,768-37,245
20,000-10,035-29,652-11,441655-17,734
5,985-33,332
328,024
294,692-11,152
33,290-49,728－-10,035-28,270-12,400
1,132-77,163-9,244-31,474
294,692
263,217

【Segments information】
1. General information about reportable segments
The reportable segments of the Group are components for which financial information is available
and whose operating results are periodically reviewed by the Board of Directors to make decisions
about allocation of resources and to assess performance.
Majority of the Group's (composed by the company and its core subsidiaries ) business is production
and sales of automotive parts. The business is divided into four core segments and the strategy considering
overall domestic and oversea operation for its sales and service is controlled mainly by AISIN SEIKI Co.,Ltd.
and its three core subsidiaries. Therefore reportable segments and its product and service are as follows.
Segment
Product and service
Overall automotive parts and related service, Lifestyle & Energy related
AISIN Seiki GroupAISIN Takaoka Group Mainly cast-iron parts for engines and brakes
AISIN AW Group
Mainly automatic transmissions and car navigation systems
ADVICS Group
Mainly brake parts

2. Sales and profit by reportable segments
FY2015(Apr. 1, 2014 through Mar. 31, 2015)
Aisin
Seiki
Group
Net sales(1) Sales to third parties

1,085,530(2) Inter-segment

317,026

Total
Segment profits (loss)

1,402,557
48,170（Million Yen）

Reportable Segments
Aisin
Aisin AW Advics
Takaoka
Group
Group
Group

Total

164,760 1,099,486

491,992 2,841,770

99,04135,332

27,785

263,802 1,127,271
11,28989,786479,185

527,325 3,320,955
9,668 158,914

OthersTotal

122,849 2,964,619
64,941

544,127

187,790 3,508,746
6,142 165,057

Note: Others includes ommited non-core groups that manufactures and sells automotive parts
FY2016(Apr. 1, 2015 through Mar. 31, 2016)
Aisin
Seiki
Group
Net sales(1) Sales to third parties

1,178,873(2) Inter-segment

322,064

Total
Segment profits (loss)

1,500,938
61,505（Million Yen）

Reportable Segments
Aisin
Aisin AW Advics
Takaoka
Group
Group
Group

Total

OthersTotal

172,922 1,254,648

515,052 3,121,497

121,680 3,243,178

102,990

36,23676,88021,902275,913 1,276,551
9,176
93,085483,194551,289 3,604,692
8,891 172,659

560,075

198,561 3,803,253
3,395 176,054

Note: Others includes ommited non-core groups that manufactures and sells automotive parts3. Discrepancy between reportable segments and consolidated financial statements（Million Yen）

Profit

FY2015

Reportable Segment Total"Others" profit
Inter-segment elimination
Other adjustment
Consolidated finacial statement(Operating profit)

FY2016
158,914

172,659

6,142

3,395

940

287

105

93

166,103

176,435

4. Change in reportable segment and other items
Under previous standard, The Company and a part of consolidated companies in Japan used to recognize
revenue based on shipping date. However, from this fiscal year, delivery at customer basis is applied.
This change is affected to former fiscal year retroactively. Therefore, result for previous fiscal year has
been restated.
【Amounts per share】（Yen）

FY2015(Apr.1,2014 through Mar.31,2015)(1) Net assets excluding
subscription rights to shares andnon-controlling interest per share

FY2016(Apr.1,2015 through Mar.31,2016)(1) Net assets excluding

4,109.21 subscription rights to shares and3,891.58

non-controlling interest per share(2) Earnings per share

274.69 (2) Earnings per share

342.67(3) Fully diluted earnings per share

273.97 (3) Fully diluted earnings per share

341.84

Note: Bases for calculation
1. Net assets excluding subscription rights to shares and non-controlling interest per share
FY2015(As of Mar. 31. 2015) FY2016(As of Mar. 31. 2016)

Total net assets（Million Yen）
Amounts deducted from total net assets（Million Yen）
(Subscription rights to shares)(Non-controlling interests)
Total net assets related to common stock（Million Yen）
Number of common stocks used to determine
equity per share（thousand shares）

1,532,776

1,477,990

371,478

375,800(1,770)(1,126)(369,707)(374,674)

1,161,298

1,102,189

282,608

283,224

2. Earnings Per Share and Fully Diluted Earnings Per Share

Earnings per share
Net income or loss attributable to owners ofparents
Amount not attributable to the common
stockholders（Million Yen）
Net income or loss attributable to owners ofparents related to common stock（Million Yen）
Average number of common Stocks（thousand shares）
Fully diluted earnings per share
Adjustment in net income attributable toowners of parents （Million Yen）
Increase in common stocks（thousand shares）(Subscription rights to shares（thousand
shares）)
Discription of dilutive shares which were notincluded in calculation due to no dilutive effect.

FY2015(As of Mar. 31. 2015)

FY2016(As of Mar. 31. 2016)

77,55096,974――77,55096,974282,314282,999

―

―

746

688

(746)

(688)

―

―

Note: Under previous standard, The Company and a part of consolidated companies in Japan used torecognize revenue based on shipping date. However, from this fiscal year, delivery at customer
basis is applied. This change is affected to former fiscal year retroactively. Therefore, result forprevious fiscal year has been restated.
【Material subsequent events】
Kumamoto Earthquakes occurred in April 2016
Due to Kumamoto Earthquakes occurred in April 2016, two subsidiaries located in Kumamoto
Prefecture were damaged then stopped their production. We make effort to restart operation anddelivery to our customers. Impact to consolidated financial statements is under investigation now.