FY2020 2nd Quarter Consolidated Financial Results [IFRS](April 1, 2019 through September 30, 2019)
October 31, 2019
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 Japanese version, 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.

Company Name AISIN SEIKI Co., Ltd.

Listed on

The Tokyo and Nagoya Stock Exchanges

Code Number7259

URL

https://www.aisin.com/

Representative

Kiyotaka Ise, President

Contact person

Yuji Fukushige, General Manager Finance & Costing Dept

TEL+81-566-24-8265

Scheduled filing date for quarterly reporting on EDINET：November 13, 2019

The expected date of dividends payment：November 26, 2019

Additional documents to supplement quarterly 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 the 2nd Quarter of FY2020 (Apr. 1, 2019 through Sep. 30, 2019)(1) Consolidated Financial Results（Percent indications show the percentage of changes against previous Fiscal Year）
Revenue

Operating profit

Profit before income taxes

Profit for the period

Million Yen％

Million Yen％

Million Yen％

Million Yen％FY2020 2nd quarter

1,913,765-4.0

53,473-56.6

54,462-58.8

38,825-59.6

FY2019 2nd quarter

1,994,469

7.5

123,28114.1

132,22813.8

96,046

17.2

Profit for the period
attributableto owners of the parent

Comprehensive income
for the periodBasic earnings per share

Diluted earnings per share

Million Yen％

Million Yen％

Yen

Yen

FY2020 2nd quarter

30,382-52.9

35,586-68.9

112.74112.74FY2019 2nd quarter

64,551

15.3

114,516-12.2

239.53239.53(2) Consolidated Financial Position
Total Assets

Equity attributable toowners of the parent

Total equity

Ratio of equity attributableto owners of the parent

Million Yen

Million Yen

Million Yen％FY2020 2nd quarter

3,739,109

1,878,176

1,356,329

36.3

FY20193,751,880

1,873,627

1,346,902

35.9

2.Cash DividendsAnnual cash dividends per share
1st quarter2nd quarter3rd quarter

Year end

Total

Yen

Yen

YenYenYen

FY2019-60.00-90.00

150.00

FY2020-60.00-60.00120.00

FY2020(Forecast)(Note) Changes in dividends forecast for FY2020：Yes

Please refer to the “Notice Concerning Distribution of Dividends from Surplus and Revision of Dividend Forecast” disclosed on October 31, 2019.
3.Consolidated Financial forecast for FY2020 (Apr. 1, 2019 through Mar. 31, 2020）（Percent shows changes against corresponding figures for the previous period）
Revenue

Full yearOperating profit

Profit before incometaxes

Profit attributable toowners of parent

Earnings per share

Million Yen％

Million Yen％

Million Yen％

Million Yen％

Yen

3,840,000-5.0

75,000-63.5

78,000-64.1

40,000-63.7

148.42(Note) Consolidated Financial forecast corrections for FY2020：Yes
Please refer to the “Notice of the Revised Forecast of Consolidated Financials for the Fiscal Year Ending March 31, 2020” disclosed on October
31, 2019.

- 1 -4.Others(1) Changes in significant subsidiaries：Yes
Consolidation scope
Consolidated (New)：AISIN REINSURANCE AMERICA, INC.
Eliminated：AISIN AI Co., Ltd.

AISIN AI Co., Ltd. is excluded from the scope of consolidation due to its extinguishment following the execution of management integration inwhich AISIN AW Co., Ltd. was the surviving company.

(2) Changes in accounting policies and accounting estimation① Changes in accounting policies required by IFRS：Yes② Other changes：None③ Changes in accounting estimation：None(Note) For more information, please refer to (Changes in accounting policies) on page 7.

(3) Number of outstanding shares(common stocks)① Number of shares issued including treasury stock as of therespective balance sheet date

FY2020 2ndquarter

294,674,634 shares

FY2019294,674,634 shares② Number of treasury stock as of the respective balance
sheet date

FY2020 2ndquarter

25,169,639 shares

FY201925,185,828 shares③ Average number of common stocks (quarterly total)

FY2020 2ndquarter

269,496,844 shares

FY2019 2ndquarter

269,489,875 shares※ This Quarterly Financial Result is not subject to review procedure.

※ Explanation regarding the appropriate use of forecasts, and other additional information
1. The forecasts included in this document are based on information that the Company has obtained at the time of this disclosure and certain
assumptions that the Company considers reasonable. The Company does not guarantee the predicted outcome of the forecasts.
Actual results may differ significantly from the forecast due to a variety of factors, such as exchange rates and conditions of the globalmarket.
2. The Company is scheduled to hold the earnings briefing for analysts and professional investors on October 31, 2019. The presentationmaterials for the earnings briefing will be posted on its website promptly following the presentation.

- 2 -5. Consolidated quarterly financial statements(1) Consolidated quarterly statements of financial position(Million Yen)FY2019(As of Mar. 31. 2019)

FY2020 2nd quarter(As of Sep. 30, 2019)

AssetsCurrent assets
Cash and cash equivalents

357,195

341,415

Trade and other receivables

620,630

563,589

Other financial assets

137,433

111,506

Inventories

341,506

365,859

Other current assets

66,72252,039Total current assets

1,523,488

1,434,410

Non-current assets
Property, plant and equipment

1,479,621

1,480,020

Intangible assets

40,702

39,973Right-of-use asset-52,415

Investments accounted for using the equity method

107,854

109,521

Other financial assets

449,982475,989

Deferred tax assets
Other non-current assets

120,525
29,707125,250
21,526

Total non-current assets

2,228,392

2,304,698

3,751,880

3,739,109

Trade and other payables

850,616755,023

Bonds and loans payable

86,14879,167

Other financial liabilities

38,41647,418Provisions

23,70322,047

Income tax payables

23,19815,014

Total assets
Liabilities and equityLiabilities
Current liabilities

Other current liabilities

29,664

31,485

Total current liabilities

1,051,748

950,156

Bonds and loans payable

524,193568,284

Other financial liabilities

9,212

38,681

215,946

222,090

Non-current liabilities

Retirement benefit liabilities
Provisions

5,446

5,191

Deferred tax liabilities

62,222

67,054

Other non-current liabilities

9,482

9,473

Total non-current liabilities

826,504

910,776

1,878,252

1,860,932

Capital stock

45,04945,049

Capital surplus

70,043

67,118Treasury stock-115,844-115,769

Total liabilities
EquityOther components of equity

121,429

126,846

Retained earnings

1,226,224

1,233,083

Equity attributable to owners of the parent company
Non-controlling interests

1,346,902
526,725

1,356,329
521,846

Total equity

1,873,627

1,878,176

3,751,880

3,739,109

Total liabilities and equity- 3 -(2) Consolidated quarterly statements of income / Consolidated quarterly statements of comprehensive income(Consolidated quarterly statements of income)(Million Yen)FY2019 2nd quarter(Apr. 1, 2018 throughSep. 30, 2018)
RevenueCost of revenue

FY2020 2nd quarter(Apr. 1, 2019 throughSep. 30, 2019)

1,994,469-1,742,926

1,913,765-1,712,654

Gross profit

251,542

201,110

Selling, general and administrative expenses-141,342
20,073-154,291
11,850

Other income
Other expenses-6,991-5,196

Operating profit

123,281

53,473Finance income

7,661-4,058

8,316-11,932

Finance expenses
Equity in earnings of affiliates

5,344

4,605

Profit before income taxes

132,228

54,462

Income tax expenses-36,182-15,636

Profit for the period

96,04638,825Non-controlling interests

64,551
31,49430,382
8,442

Total

96,04638,825

Basic earnings per share (Yen)

239.53112.74

Diluted earnings per share (Yen)

239.53112.74

Profit for the period attributable to:
Owners of the parent

Earnings per share(Consolidated quarterly statements of comprehensive income)(Million Yen)FY2019 2nd quarter(Apr. 1, 2018 throughSep. 30, 2018)
Profit for the period
Other comprehensive income

FY2020 2nd quarter(Apr. 1, 2019 throughSep. 30, 2019)

96,04638,825

Items that will not be reclassified to profit or loss
Remeasurements of defined benefit plans

5-147

Net changes in revaluation of financial assets measured at fair value throughother comprehensive income

13,892

21,933

Share of other comprehensive income of associates accounted for using theequity method-8-15

13,88921,770

-67

291

Total
Items that may be reclassified subsequently to profit or loss
Net changes in revaluation of financial assets measured at fair value throughother comprehensive income
Cash flow hedges
Exchange differences on translating foreign operations
Share of other comprehensive income of associates accounted for using theequity method
Total

316

72

3,406

-25,709

925

335

4,581

-25,010

Other comprehensive income total

18,470-3,239Comprehensive income for the period

114,516

35,586

Non-controlling interests

81,80732,70935,373
212

Total

114,516

35,586Comprehensive income for the period attributable to:
Owners of the parent- 4 -(3）Consolidated statements of changes in equity
FY2019 2nd quarter(Apr. 1, 2018 through Sep. 30, 2018)(Million Yen)
Equity attributable to owners of the parent
Other components of equity

Capitalstock

Capitalsurplus

Net changes inrevaluation ofRemeasurefinancial assets
ments
measured atof defined
fair value
benefitthrough otherplanscomprehensive
incomeTreasurystock

Exchangedifferencesontranslationof foreign
operations

Cash
flow
hedgesTotal

45,04971,826-115,835-

193,212-1,429-43,908

147,874

Profit for the period

-

-----

-

-

Other comprehensive income(loss)----4

13,741313

3,206

17,255Comprehensive income for theperiod

-

-

-

-4

13,741313

3,206

17,255-0-70---------------------

Changes in the ownershipinterest in subsidiaries--1,979------

Transfer from other componentsof equity to retained earnings

---

40-

-

4

Balance as of April 1, 2018

Acquisition of treasury stock
Disposal of treasury stock
Dividends
Changes in scope ofconsolidation

Total transactions with owners
Balance as of Sep. 30, 2018--1,979

-6

40-

-

4

45,04969,846-115,841-

206,953-1,115-40,702

165,135

Equity attributable to owners of the parent
Non-controlling interests

Retainedearnings

Total equity

Total1,161,260

1,310,176

492,952

1,803,129

64,55164,551

31,494

96,046

Other comprehensive income(loss)-

17,255

1,214

18,470Comprehensive income for theperiod

64,55181,80732,709114,516

-

-70

0

-7
0

-24,254-24,254-12,730-36,984

-

-

3,413

3,413

Changes in the ownershipinterest in subsidiaries--1,979684-1,294

Transfer from other componentsof equity to retained earnings

-4

---

Balance as of April 1, 2018
Profit for the period

Acquisition of treasury stock
Disposal of treasury stock
Dividends
Changes in scope ofconsolidation

Total transactions with owners-24,258-26,240-8,632-34,872

Balance as of Sep. 30, 2018

1,201,553

1,365,743

517,029

1,882,773- 5 -FY2020 2nd quarter(Apr. 1, 2019 through Sep. 30, 2019)(Million Yen)
Equity attributable to owners of the parent
Other components of equity

Capitalstock

Capitalsurplus

Net changes inrevaluation ofRemeasurefinancial assets
ments
measured atof defined
fair value
benefitthrough otherplanscomprehensive
incomeTreasurystock

Exchangedifferences
ontranslationof foreign
operations

Cashflow
hedgesTotal

45,04970,043-115,844-

167,551-1,249-44,872

121,429--------

Other comprehensive income(loss)---

500

21,95972-17,541

4,990

Comprehensive income for theperiod

-

-

-

500

21,95972-17,5414,990

Disposal of treasury stock

-

-19

-2
77

-

-

-

-

-

Dividends

-

--

---

-

-

Changes in the ownershipinterest in subsidiaries--2,905

-

--

-

1,157

1,157

Transfer from other componentsof equity to retained earnings

---

-500

-230

-

--730

Balance as of April 1, 2019Profit for the period

Acquisition of treasury stock

Total transactions with owners
Balance as of Sep. 30, 2019--2,924

75

-500

-230

-

1,157

426

45,04967,118-115,769-

189,280-1,176-61,257

126,846

Equity attributable to owners of the parent
Non-controlling interests

Retainedearnings

Total equity

Total

1,226,224

1,346,902

526,725

1,873,627

30,38230,382

8,442

38,825

Other comprehensive income(loss)-

4,990-8,230-3,239Comprehensive income for theperiod

30,38235,373

212

35,586

--2
58

2-2
61

-24,253-24,253-8,710-32,964--1,7483,616

1,867730---

Balance as of April 1, 2019
Profit for the period

Acquisition of treasury stock
Disposal of treasury stock
Dividends
Changes in the ownershipinterest in subsidiaries
Transfer from other componentsof equity to retained earnings
Total transactions with owners-23,523-25,946-5,091-31,037

Balance as of Sep. 30, 2019

1,233,083

1,356,329

521,846

1,878,176- 6 -(4) Notes to the Consolidated Financial Statements(Going concern assumption)
None(Changes in accounting policies)
Beginning from the fiscal year 2020, the company has adopted IFRS16 “Lease” (issued in January 2016; hereinafter “IFRS16”).
Due to the transition to IFRS16, the company recognized an additional 39,957 million yen in "Right-of-use assets" and 39,958 million yen in Leaseliabilities, presented as "Other financial liabilities", respectively. In addition, 1,666 million yen which had been classified as Finance Lease underIAS17 "Lease" was reclassified from "Property, plant and equipment" to "Right-of-use assets". Moreover, 7,779 million yen was reclassified from"Other non-current assets" to "Right-of-use assets".

(Material subsequent events)
None- 7 -