FY2023 Consolidated Financial Results [IFRS](April 1, 2022 through March 31, 2023)
April 27, 2023
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 CORPORATION
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 CORPORATION

Listed on

The Tokyo and Nagoya Stock Exchanges

Code Number

7259

URL

https://www.aisin.com/en

Representative

Moritaka Yoshida , President

Contact person

Yoshio Uchiyama, General Manager Finance & Accounting Dept.

TEL+81-566-24-8265

Scheduled date of the annual regular general meeting of shareholders：June 16, 2023
The expected date of dividends payment：May 29, 2023
Scheduled filing date for reporting on EDINET：June 19, 2023
Additional documents to supplement financial results：Yes (Japanese only)
IR presentation：Yes (For analysts and professional investors)

1.Consolidated Results for FY2023 (Apr. 1, 2022 through Mar. 31, 2023)(Amounts less than million yen are rounded down)(1) Consolidated Financial Results(Percent shows changes against previous Fiscal Year)
Operating profit

Revenue
Million Yen

FY2023
FY2022%Million Yen

4,402,823 12.4
3,917,434 11.1

(Reference) Equity Income

Profit for the period

Profit for the period
attributableto owners of the parent

Million Yen

Million Yen

Million Yen%

57,942 -68.2
182,011 25.2

Basic earnings per share

FY2023
FY2022

Profit before income
taxes%

73,741 -66.5
219,983 31.3

Diluted earnings per
share

%

47,909 -69.5
157,011 42.6

Ratio of profit for theperiod to equity
attributable toowners of the parent

Comprehensive
incomefor the period%

Million Yen

37,670 -73.5
141,941 34.4

Ratio of profit before
income taxes to total
assets%56,396 -81.0
296,189 4.2

Ratio of operating
profit to revenue

Yen

Yen

%

%

%

139.77526.66139.77526.66

2.1
8.6

1.8
5.3

1.3
4.6

Ratio of equity attributableto owners of the parent

Equity attributableto owners of the parent
per share

7,332Million Yen

FY2023

11,262Million Yen

FY2022(2) Consolidated Financial Position
Total Assets

FY2023
FY2022Equity attributable toowners of the parent

Total equity

Million Yen

Million Yen

Million Yen%

Yen

4,135,826
4,205,801

1,991,437
1,996,508

1,751,326
1,756,516

42.3
41.8

6,497.86
6,517.34(3) Consolidated Cash Flows
From operating
activities
FY2023
FY2022

From investing
activities

Cash and cash equivalents
at the end of FY

From financing
activities

Million Yen

Million Yen

Million Yen

Million Yen

237,970
193,343-186,857-204,952-127,752-135,859

317,693386,906

2.Cash Dividends
Annual Cash Dividends Per ShareDividends total
1st quarter2nd quarter3rd quarter

4th quarter

FY Total

Dividends
Payout Ratio

Ratio of equity
attributable toowners of theparent

Yen

Yen

Yen

Yen

Yen

Million Yen%%

FY2022
FY2023

－
－

70.00
70.00

－
－

100.00100.00170.00170.0045,81745,819

32.3
121.6

2.8
2.6

FY2024(Forecast)

－

－

－

－

170.0036.7(Note) The 2nd quarter dividend forecast and the year-end (4th quarter) dividend forecast for FY2024 has not been decided at this point.

- 1 -3.Consolidated forecast for FY2024 (Apr. 1, 2023 through Mar. 31, 2024)(Percent shows changes against corresponding figures for the previous period)
Revenue

Full year

Operating profit

Million Yen%

Million Yen%

4,600,000

4.5

190,000

227.9

Profit before income
taxesMillion Yen%
200,000

Profit attributable toowners of parent
Million Yen
%

171.2

125,000

231.8

Earnings per shareYen
463.78

4.Others(1) Changes in significant subsidiaries：Yes
Consolidation scope
Consolidated (New)：None
Eliminated：AISIN SEIKI (CHINA) INVESTMENT CO., LTD.

AISIN SEIKI (CHINA) INVESTMENT CO., LTD. was merged into AISIN (CHINA) INVESTMENT CO., LTD.
(2) Changes in accounting policies and accounting estimation① Changes in accounting policies required by IFRS：None② Other changes：None③ Changes in accounting estimation：None(3) Number of outstanding shares (common stocks)
Number of shares issued including treasury stock as of therespective balance sheet date
Number of treasury stock as of the respective balance② sheet date①

③ Average number of common stocks

FY2023294,674,634 shares

FY2022

294,674,634 shares

FY202325,151,250 shares

FY2022

25,160,248 shares

FY2023

269,522,153 shares

FY2022

269,515,099 shares- 2 -(Reference) Stand Alone Results for FY2023 (Apr. 1, 2022 through Mar. 31, 2023)(1) Stand Alone Financial Results(Percent indications show the percentage of changes against last Fiscal year)
Revenue
FY2023
FY2022

Ordinary profit

Operating profit

Profit for the period

Million Yen%

Million Yen%

Million Yen%

Million Yen%

2,187,689
2,187,648

0.0
186.8

-3,36068,661－
267.5

73,547135,033

-45.5
173.4

73,274335,465

-78.2
718.7

Earnings per share
FY2023
FY2022

Diluted earnings per share
Yen

Yen

271.87
1,244.70

271.87
1,244.70(2) Stand Alone Financial Position
Total equity

Total Assets
FY2023
FY2022

Tangible net worth ratio

Net worth per share

Million Yen

Million Yen%

Yen

2,591,451
2,625,196

974,915
997,02037.6
38.0

3,617.18
3,699.32(Reference) Tangible net worth
FY2023974,915Million Yen
FY2022
997,020Million Yen(Note) The numbers shown on Stand Alone Financial Results are based on Japanese Standard.
(Note) Ordinary profit decreased compared to FY2022 due to the impacts of external environment such as the production decreases and higher
raw material prices. In addition to it, profit for the period decreased due to the extraordinary profit in FY2022 by the merger of AISIN AW Co., Ltd on
April 1st 2021.

※ This report is exempt from the audit procedure by certified public accountant or audit firm.
※ 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 global market.
2. The Company is scheduled to hold the earnings briefing for analysts and professional investors on April 27, 2023. The presentation materials
for the earnings briefing will be posted on its website promptly following the presentation.

- 3 -5. Consolidated Financial Statements(1) Consolidated Statements of Financial Position(Million Yen)FY2022(As of Mar. 31, 2022)

FY2023(As of Mar. 31, 2023)

AssetsCurrent assets
Cash and cash equivalents
Trade and other receivables
Other financial assets
Inventories
Other current assets
Subtotal
Assets held for sale
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Right-of-use assets
Investments accounted for using the equity method
Other financial assets
Deferred tax assets
Other non-current assets
Total non-current assets

386,906
635,728
67,305568,866
73,365

317,693
740,442
44,326534,181
77,475

1,732,172－

1,714,118
15,665

1,732,172

1,729,784

1,468,607
45,74559,843

1,440,280
56,08165,451

132,211
663,659
75,092

138,105
583,573
80,32428,46842,2252,473,629

2,406,041

4,205,801

4,135,826

Current liabilities
Trade and other payables

828,524

840,261

Bonds and loans payable

111,759

159,880

Lease liabilities
Other financial liabilities

21,544
7,563

18,392
3,559

Provisions

32,79238,403

Income tax payables

26,296

13,414

Other current liabilities
Subtotal

42,511

42,466

1,070,993－

1,116,378
1,494

1,070,993

1,117,873

770,910
40,094

688,815
43,378

Total assets
Liabilities and equity
Liabilities

Liabilities directly associated with assets held for sale
Total current liabilities
Non-current liabilities
Bonds and loans payable
Lease liabilities
Other financial liabilities

16,79019,938Retirement benefit liabilities
Provisions

221,3192,320

206,115
2,206

Deferred tax liabilities

70,55449,532Other non-current liabilities

16,308

16,528

Total non-current liabilities
Total liabilities

1,138,299
2,209,292

1,026,515
2,144,389

EquityCapital stock

45,04945,049

Capital surplus

76,282

74,401

Treasury stock
Other components of equity-115,723
330,324-115,675
307,125

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

1,420,583

1,440,425

1,756,516
239,992

1,751,326
240,110

1,996,508
4,205,801

1,991,437
4,135,826

Total equity
Total liabilities and equity- 4 -(2) Consolidated Statements of Income / Consolidated Statements of Comprehensive Income(Consolidated Statements of Income)(Million Yen)FY2022(Apr. 1, 2021 throughMar. 31, 2022)
Revenue
Cost of revenue
Gross profit

FY2023(Apr. 1, 2022 throughMar. 31, 2023)

3,917,434-3,468,942

Selling, general and administrative expenses
Other income
Other expenses
Operating profit

4,402,823-4,001,434

448,492

401,389-292,484
35,896-9,893-339,175
26,610-30,880

182,01157,942Finance income
Finance expenses
Equity in earnings of affiliates

37,517-10,807
11,26225,036-16,569
7,332

Profit before income taxes
Income tax expenses

219,983-62,971

73,741-25,832

Profit for the period

157,01147,909Owners of the parent

141,941

37,670Non-controlling interests
Total

15,070

10,238157,01147,909526.66526.66139.77139.77

Profit for the period attributable to:Earnings per share
Basic earnings per share (Yen)
Diluted earnings per share (Yen)(Consolidated Statements of Comprehensive Income)(Million Yen)FY2022(Apr. 1, 2021 throughMar. 31, 2022)

FY2023(Apr. 1, 2022 throughMar. 31, 2023)

Profit for the period
Other comprehensive income
Items that will not be reclassified to profit or loss

157,01147,909Remeasurements of defined benefit plans

11,951

27,237

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

67,184-49,014

Share of other comprehensive income of associates accounted for using theequity method

-0

-506

79,135-22,282

32

-75

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

231

132

Exchange differences on translating foreign operations

56,20527,867

Share of other comprehensive income of associates accounted for using theequity method

3,573

2,843

Total
Other comprehensive income total
Comprehensive income for the period

60,042
139,177
296,189

30,7698,487
56,396Comprehensive income for the period attributable to:
Owners of the parent
Non-controlling interests

266,744
29,44439,353
17,043

296,189

56,396

Total

- 5 -

(3) Consolidated Statements of Changes in Equity

FY2022 (Apr. 1, 2021 through Mar. 31, 2022)(Million Yen)
Equity attributable to owners of the parent
Other components of equity

Capitalstock

Balance as of April 1, 2021
Profit for the period

Capitalsurplus

Net changes inrevaluation of
Remeasurefinancial assets
ments
measured atof defined
fair value
benefitthrough otherplans
comprehensive
incomeTreasury
stock

Cash
flow
hedgesExchangedifferencesontranslationof foreign
operations

Total

45,04976,210-115,717－

259,759-491-41,698

217,568

－

－

－

－

－

－

－

－

Other comprehensive income(loss)－－－

11,042

66,739238

46,783

124,803

Comprehensive income for theperiod－－－11,042

66,739238

46,783

124,803

－
－
－

－
－
－

-6
－
－

－
－
－

－
－
－

－
－
－

－
－
－

－
－
－

Changes in the ownershipinterest in subsidiaries

－

71

－

11

－

－

－

11

Transfer from other componentsof equity to retained earnings

－

－

－

-11,054-1,004－－-12,058－
45,04971-6-11,042-1,00476,282-115,723－

325,493

－
-253

－
5,084

330,324

Acquisition of treasury stock
Disposal of treasury stock
Dividends

Total transactions with owners
Balance as of Mar. 31, 2022

-12,047

Equity attributable to owners of the parent
Non-controlling interests

Retainedearnings
Balance as of April 1, 2021
Profit for the period

Total equity

Total

1,312,400

1,535,512

223,096

1,758,609

141,941

141,941

15,070157,011

Other comprehensive income(loss)－

124,803

14,374

139,177

Comprehensive income for theperiod141,941

266,744

29,444

296,189

Acquisition of treasury stock
Disposal of treasury stock
Dividends－－-45,817-6－-45,817－－-12,588-6－-58,406

－

83

40

123

12,058－－－-33,758
1,420,583-45,741
1,756,516-12,548
239,992-58,289
1,996,508

Changes in the ownershipinterest in subsidiaries
Transfer from other componentsof equity to retained earnings
Total transactions with owners
Balance as of Mar. 31, 2022

- 6 -

FY2023 (Apr. 1, 2022 through Mar. 31, 2023)(Million Yen)
Equity attributable to owners of the parent
Other components of equity

Capitalstock

Capitalsurplus

Net changes inrevaluation of
Remeasurefinancial assets
ments
measured atof defined
fair value
benefitthrough otherplans
comprehensive
incomeTreasurystock

Exchangedifferencesontranslationof foreign
operations

Cash
flow
hedges

Total

Balance as of April 1, 2022
Hyperinflation adjustment

45,049－76,282－-115,723－－－

325,493
－

-253
－

5,084
－

330,324－

Balance as of April 1, 2022
After adjustment

45,04976,282-115,723－

325,493

-253

5,084

330,324

Profit for the period

－

－

－

－

－

－

－

－

Other comprehensive income(loss)－－－

24,617-49,303138

26,2291,682

Comprehensive income for theperiod－－－24,617-49,303138

26,2291,682

Acquisition of treasury stock
Disposal of treasury stock

－
－

－
-13

-5
53

－
－

－
－

－
－

－
－

－
－

Dividends

－

－

－

－

－

－

－

－

Changes in the ownershipinterest in subsidiaries－-1,867

－

52

－

－

－

52

Transfer from other componentsof equity to retained earnings

－

－

－

-24,670

-263

－

－

-24,933－
45,049-1,88074,401

48-115,675-24,617-263
275,926－-114－
31,313-24,881
307,125

Total transactions with owners
Balance as of Mar. 31, 2023－

Equity attributable to owners of the parent
Non-controlling interests

Retainedearnings

Total equity

Total

Balance as of April 1, 2022
Hyperinflation adjustment

1,420,583
3,055

1,756,516
3,055

239,992－

1,996,508
3,055

Balance as of April 1, 2022
After adjustment

1,423,638

1,759,571

239,992

1,999,563

Profit for the period

37,67037,670

10,23847,909Other comprehensive income(loss)

－

1,682

6,804

8,487

Comprehensive income for theperiod37,67039,353

17,04356,396－－-45,818-5
39-45,818－－-8,491-5
39-54,309－-1,814-8,433-10,248

24,933－－－-20,884
1,440,425-47,598
1,751,326-16,925
240,110-64,523
1,991,437

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
Balance as of Mar. 31, 2023

- 7 -

(4) Consolidated Statements of Cash Flows(Million Yen)FY2022(Apr. 1, 2021 throughMar. 31, 2022)

FY2023(Apr. 1, 2022 throughMar. 31, 2023)

Net cash provided by (used in) operating activities
Profit before income tax
Depreciation and amortization
Impairment losses
Decrease (increase) in trade and other receivables

219,983
258,619
2,490
22,74673,741
277,187
19,981-80,483

Decrease (increase) in inventories
Increase (decrease) in trade and other payables
Other, net-159,615-36,160-44,782

56,910-35,186-13,964

SubtotalInterest income received
Dividends income received

263,282
3,170
14,980298,185
2,958
18,397

Interest expenses paid
Income taxes (paid) refund-9,394-78,694-11,865-69,706

193,343

237,970

Decrease (increase) in time deposits
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment-1,618-217,783
10,08926,215-212,312
6,560

Purchase of intangible assets
Purchase of investment securities-16,252-5,538-26,558-2,309Proceeds from sales and redemption of investment securities
Proceeds from collection of lease receivables

14,061
10,911

6,458
14,874

Net cash provided by (used in) operating activities
Net cash provided by (used in) investing activities

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

1,177

214

-204,952-186,857

1,206

22,674

Proceeds from long-term loans payable
Repayment of long-term loans payable

10,762-51,528555-65,249

Redemption of bonds-17,000

Repayment of lease payables-21,748－-25,507

Cash dividends paid

-45,817-45,792-12,588854-8,491-5,941-135,859
14,346-127,752
8,959

Cash and cash equivalents at beginning of period-133,122
520,028-67,680
386,906

To reclassify cash and cash eqiuvalents included in assets held for sale
Cash and cash equivalents at end of period－-1,532386,906

317,693

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- 8 -(5) Notes to the Consolidated Financial Statements(Going concern assumption)
None(Segments information)

1. General information regarding reportable segments
The reportable segments of the Group are components for which financial information is available and whose operating results are periodicallyreviewed by the Board of Directors to make decisions about allocation of resources and to assess performance.
We devise strategies, policies and goals for maximizing sustainable business value for the entire Group by meeting diverse needs near major
automobile manufacturers around the world, and developing, producing, and selling high value-added products. We have assigned officers incharge of each region to supervise the devising of comprehensive strategies in the regions. In addition, the Group mainly manufactures and sells
automobile parts, etc., and each company is conducting business activities by devising comprehensive strategies as independent management
units in each region.
Therefore, the Group consists of segments by location of the company based on the manufacture and sale of automobile parts, etc., and set four
reportable segments: "Japan", "North America", "Europe", and "China". Therefore, reportable segments and its product and service are as follows.
Product and service

Segment
Japan

Overall automotive parts

Energy solution related products etc.

North America

Overall automotive parts

EuropeOverall automotive parts

China

Overall automotive parts- 9 -2. Revenue and profit by reportable segments

FY2022(Apr. 1, 2021 through Mar. 31, 2022)(Million Yen)
Reportable Segments
North
AmericaJapan
Revenue(1) Revenue from third
parties(2) Inter-segment

Total

Europe

China

Total

OthersAdjustments

Total

2,172,137

585,732

332,313456,957

3,547,140

370,294－

3,917,434

680,272

12,406

9,734

12,796715,210

28,396-743,606－

2,852,410

598,139

342,047

469,753

4,262,351

398,690-743,606

3,917,434

116,522-16,6225,106

34,989139,996

48,865-6,850

182,011

Segment profit (loss)
Finance income

37,517

Finance expenses-10,807

Equity in earnings of affiliates

11,262

Profit before income taxes

219,983(Note1) Others include omitted non-core regions that manufacture and sell automotive parts, such as Thailand and Indonesia.
(Note2) Inter-segment revenue is based on transaction price negotiated each year in consideration of market price and total cost.
(Note3) Segment profit is based on Operating profit.

FY2023(Apr. 1, 2022 through Mar. 31, 2023)(Million Yen)
Reportable Segments
Japan
Revenue(1) Revenue fromthird parties(2) Inter-segment

Total
Segment profit (loss)

North
America

Europe

China

Total

OthersAdjustments

Total

2,219,693

814,368

343,873

531,951

3,909,887

492,936－

4,402,823

633,725

14,641

9,640

16,579674,586

34,898-709,485－

2,853,419

829,009353,513548,530

4,584,473

527,835-709,485

4,402,823-4,594-32,5398,369

16,044-12,719

62,286

8,375

57,942Finance income

25,036

Finance expenses-16,569

Equity in earnings of affiliates

7,332

Profit before income taxes

73,741(Note1) Others include omitted non-core regions that manufacture and sell automotive parts, such as Thailand and Indonesia.
(Note2) Inter-segment revenue is based on transaction price negotiated each year in consideration of market price and total cost.
(Note3) Segment profit is based on Operating profit.

- 10 -

(Assets held for sale)

As of March 31, 2023, the assets and liabilities related to the Nagoya Plant of consolidated subsidiary Aisin Shiroki Corporation (renamed from
Shiroki Corporation on April 1, 2023), and the assets and liabilities held by PT. SHIROKI INDONESIA and SHIROKI AUTOMOTIVE INDIA PVT.
LTD., which are overseas subsidiaries that manufacture automotive seat frame mechanism parts for AISIN, were classified as held for sale,because of the agreement to transfer of the business for AISIN.
This business transfer will be implemented on the condition that the procedures and actions required by the competition laws of each relevant
country are completed.
(Amounts per share)

Basic earnings per share and Diluted earnings per share are based on information below.
FY2022(Apr. 1, 2021 throughMar. 31, 2022)

FY2023(Apr. 1, 2022 throughMar. 31, 2023)

Basic standards related to basic earnings per share
Profit for the period attributable to owners of the parent(Million Yen)
Profit for the period non-attributable to commonshareholders (Million Yen)
Profit for the period related to Basic earnings per share(Million Yen)
Average number of common stocks (Thousand shares)
Basic earnings per share (Yen)141,941

37,670－－141,941

37,670269,515

269,522526.66139.77

141,941

37,670－－141,941

37,670269,515

269,522－－

269,515

269,522526.66139.77

Basic standards related to diluted earnings per share
Profit for the period attributable to owners of the parent(Million Yen)
Adjustments to Profit for the period (Million Yen)
Profit for the period related to diluted earnings per share(Million Yen)
Average number of common stocks (Thousand shares)
Increase in number of common stocks by issuing restricted
stock (Thousand shares)
Diluted Average number of common stocks (Thousand
shares)Diluted earnings per share (Yen)(Material Subsequent Events)
None- 11 -