FY2017 Consolidated Financial Results [IFRS](April 1, 2016 through March 31, 2017)
April 28, 2017
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. shallaccept 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 Number

7259

URL

http://www.aisin.com/

Representative

Yasumori Ihara, President

Contact person

Yuji Fukushige, General Manager Finance & Costing Dept

TEL

+81

566

24

8265

Scheduled date of the annual regular general meeting of shareholders: June 16, 2017
The expected date of dividends payment June 19, 2017
Scheduled filing date for reporting on EDINET June 19, 2017
Additional documents to supplement quarterly financial results Yes (Japanese only)
Quarterly IR presentation Yes (For analysts and professional investors)
1.Consolidated Results for FY2017 (Apr. 1, 2016 through Mar. 31, 2017)(Amounts less than million yen are rounded down)(1) Consolidated Financial Results
Percent indications show the percentage of changes against last Fiscal Year
Revenue
Million Yen
FY2017FY2016

Profit before income
Profit for the period
taxes

Operating profit
Million Yen

3,562,622 9.8
3,245,985

Million Yen

228,691 18.7
192,722

Million Yen

237,311 22.3
194,060

Profit for the period
attributableto owners of the parent
Million Yen

180,031 28.5
140,122

Comprehensive
incomefor the period
Million Yen

126,653
100,332

26.2

175,651-4,880Yen

Yen

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

FY2017444.46443.98

10.5

7.5

6.4

FY2016354.53353.67

8.4

6.4

5.9

Basic earnings per share(Reference) Equity Income FY2017

Diluted earnings per
share

7,846 Million Yen

FY2016

Ratio of profit before
income taxes to total
assetsRatio of operating
profit to revenue

8,456 Million Yen(2) Consolidated Financial Position
Total Assets

Total equity

Million Yen
3,338,339
3,009,377

FY2017FY2016Equity attributable
Ratio of equity attributableto owners of the parent
to owners of the parent
per share
Million Yen
Yen
1,236,385
37.0
4,426.12
1,168,953
38.8
4,127.31

Equity attributable toowners of the parent

Million Yen
1,694,864
1,558,468(3) Consolidated Cash Flows
From operating
activities
Million Yen
394,812294,184

FY2017FY2016

From investing
activities
Million Yen-229,109-228,437

From financing
activities
Million Yen-31,617-88,162

Cash and cash equivalents
at the end of FY
Million Yen
394,559
263,217

2.Cash Dividends
Ratio of equity

Annual Cash Dividends Per ShareDividends total
1st quarter
Yen
FY2016FY2017FY2018(Forecast)

2nd quarter
Yen
50.00
50.00

3rd quarterYen

4th quarter
Yen
50.00
75.00

Note : At present, FY2018 quarterly dividend amount has not yet been determined.

FY Total
Yen
100.00125.00125.00Million Yen
28,31135,256

Dividends
Payout Ratio

28.2
28.1
30.1

attributable toowners of theparent2.4
2.9

3.Consolidated forecast for FY2018 (Apr. 1, 2017 through Mar. 31, 2018
Percent indications show the percentage of changes against corresponding figures for the previous period
Revenue
FY2018 2nd Half (Total)
FY2018Million Yen
1,780,000
3,670,000

Profit before income
taxesMillion Yen
103,000
13.5
244,000
2.8

Operating profit
4.9
3.0

Million Yen
96,000230,000

1.3
0.6

Profit attributable toowners of parent
Million Yen
48,000-12.4
116,000-8.4

Earnings per share
Yen
171.83415.27

4.Others(1) Changes in significant subsidiaries Yes
Consolidation scope
Consolidated (New) SHIROKI CORPORATION, SHIROKI NORTH AMERICA, INC.
EliminatedNone(2) Changes in accounting policies and accounting estimation
Changes in accounting policies required by IFRS None
Other changes

None

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

FY2017

294,674,634 shares

FY2016294,674,634 shares

FY2017

15,336,453 shares

FY2016

11,450,571 shares

FY2017284,960,908 shares

FY2016282,999,070 shares

Number of treasury stock as of the respective balance
sheet date
Average number of common stocks(Reference) Stand Alone Results for FY2017 (Apr. 1, 2016 through Mar. 31, 2017)(1) Stand Alone Financial Results

FY2017FY2016Percent indications show the percentage of changes against last Fiscal year)

Revenue
Million Yen
808,200
814,221-0.7

Earnings per share

Operating profit
Million Yen
8,101
21,232-61.8

Yen
108.22144.20

Diluted earnings per shareYen
108.10143.85

Total Assets
Million Yen
1,509,860
1,345,824

Total equity
Million Yen
515,970
526,764

FY2017FY2016

Ordinary profit
Million Yen
46,51960,038-22.5

Profit for the period
Million Yen
30,837-24.4
40,809(2) Stand Alone Financial Position

FY2017FY2016(Reference) Tangiable net worth FY2017

515,510Million Yen

Tangiable net worth ratio

FY2016

Net worth per share

34.1
39.1

Yen
1,845.47
1,855.91

525,638Million Yen

Note The numbers shown on Stand Alone Financial Results are based on Japanese Standard.
< Explanation regarding the difference in Stand Alone Financial Results of last fiscal year end and current fiscal year end>
Due to losses related to Kumamoto Earthquake and business reorganization expenses within the Group, operating profit of this fiscal year
end differs
significantly compared with last fiscal year.
This Financial Report is not subject to audit procedure.
Explanation regarding the appropriate use of forecasts, and other additional information(Note concerning forecast
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.
(IFRS Adoption)
The Company adopted International Financial Reporting Standards ("IFRS") for the Company's consolidated financial statements from this Fiscal
Year. Therefore the disclosed result of Previous Fiscal Year Ended March 31, 2016 has been translated based on IFRS standard.

5. Consolidated financial statements(1) Consolidated statements of financial position(Million Yen)
Date of transition to IFRS(As of Apr. 1. 2015)

FY2016(As of Mar. 31. 2016)

FY2017(As of Mar. 31, 2017)

AssetsCurrent assets
Cash and cash equivalents

294,692

263,217394,559

Trade and other receivables

449,827505,964

572,189

Other financial assets

125,897

106,124

99,428Inventories

247,457

252,494

276,955

Other current assets

48,304

39,21542,194

Total current assets

1,166,179

1,167,017

1,385,326
1,248,933

Non-current assets
Property, plant and equipment

1,107,441

1,165,852

Intangible assets

35,306

38,603

43,951

Investments accounted for using the equity method

94,541

98,488104,528

Other financial assets

552,654

436,438

434,351

Deferred tax assets

77,47389,886

101,590

Other non-current assets

24,631

13,08919,656

Total non-current assets

1,892,048

1,842,360

1,953,012

3,058,228

3,009,377

3,338,339

Trade and other payables

667,321717,287

801,913

Bonds and loans payable

106,930

66,14364,829Other financial liabilities

39,92235,25837,401

Provisions

19,27019,46023,791

Income tax payables

17,89722,19537,400

Other current liabilities

26,317

29,792

30,669Total current liabilities

877,659

890,137

996,005
393,935

Total assets
Liabilities and equity
Liabilities
Current liabilities

Non-current liabilities
Bonds and loans payable

321,110319,484

Other financial liabilities

18,301

9,788

9,536

Retirement benefit liabilities

127,519

158,627

173,955

Provisions
Deferred tax liabilities

2,429

2,539

3,248

100,338

61,64857,542Other non-current liabilities

8,364

8,682

9,252

Total non-current liabilities

578,063

560,771647,469

1,455,723

1,450,908

1,643,474
45,049Total liabilities
EquityCapital stock

45,04945,049

Capital surplus

61,78961,862

71,822

Treasury stock-19,000-18,035-56,983

Other components of equity

221,693

115,349

110,597

Retained earnings

910,499

964,727

1,065,900

1,220,031

1,168,953

1,236,385

Equity attributable to owners of the parent
company
Non-controlling interests
Total equity
Total liabilities and equity

382,473

389,515

458,478

1,602,504

1,558,468

1,694,864

3,058,228

3,009,377

3,338,339

(2) Consolidated statements of income / Consolidated statements of comprehensive income(Consolidated statements of income)(Million Yen)FY2016(Apr. 1, 2015 throughMar. 31, 2016)

FY2017(Apr. 1, 2016 throughMar. 31, 2017)

Revenue

3,245,985

3,562,622

Cost of revenue-2,781,071-3,048,541

Gross profit

464,913514,080

Selling, general and administrative expenses-280,199-309,124

Other income

23,42945,839Other expenses-15,420-22,103

Operating profit

192,722

228,691

Finance income

13,066

13,103Finance expenses-20,186-12,330

Equity in earnings of affiliates
Profit before income taxes

8,456

7,846

194,060

237,311

Income tax expenses-53,937-57,279

Profit for the period

140,122180,031

Owners of the parent

100,332

126,653

Non-controlling interests

39,79053,378

Total

140,122180,031

Basic earnings per share (Yen)354.53444.46

Diluted earnings per share (Yen)353.67443.98

Profit for the period attributable to:Earnings per share(Consolidated statements of comprehensive income)(Million Yen)FY2016(Apr. 1, 2015 throughMar. 31, 2016)
Profit for the period

FY2017(Apr. 1, 2016 throughMar. 31, 2017)

140,122180,031-23,570

1,810-69,561

3,830

10

164

-93,121

5,805

120

-74

Other comprehensive income
Items that will not be reclassified to profit or loss
Remeasurements of defined benefit plans
Net changes in revaluation of financial assets measured at fair value throughother comprehensive income
Share of other comprehensive income of associates accounted for using theequity method
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

-620

835

-49,523-9,866-1,858-1,080-51,881-10,185

Other comprehensive income total-145,003-4,380Comprehensive income for the period-4,880175,651

Owners of the parent-23,835

124,887

Non-controlling interests

18,95450,763

Total-4,880175,651

Comprehensive income for the period attributable to:(3 Consolidated statements of changes in equity
FY2016 (Apr. 1, 2015 through Mar. 31, 2016)(Million Yen)
Equity attributable to owners of the parent
Other components of equity

Capitalstock

Balance as of April 1, 2015
Profit for the period
Other comprehensive income(loss)
Comprehensive income for theperiodCapitalsurplus

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

Exchangedifferencesontranslationof foreign
operations

Cash
flow
hedgesTotal

45,04961,789-19,000-

223,920-2,226-

221,693

-

-

-

-

-

-

-

-

-

-

-

-17,996-68,924-617-36,628-124,167----17,996-68,924-617-36,628-124,167

Acquisition of treasury stock

-

-

-7

-

-

-

-

-

Disposal of treasury stock

-

276

971

-

-

-

-

-

-

-163

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-39

-

-

-

-

-

-

-

-

-

17,996-172--

17,823-73964

17,996-172--

17,82345,04961,862-18,035-

154,823-2,844-36,628

115,349

Lapse of subscription rights tosharesDividends
Changes in the ownershipinterest in subsidiaries
Transfer from other componentsof equity to retained earnings
Total transactions with owners
Balance as of Mar. 31, 2016

Equity attributable to owners of the parent
Non-controlling interests

Retainedearnings
Balance as of April 1, 2015
Profit for the period
Other comprehensive income(loss)
Comprehensive income for theperiodTotal equity

Total

910,499

1,220,031

382,473

1,602,504

100,332

100,332

39,790140,122--124,167-20,835-145,003

100,332-23,835

18,954-4,880Acquisition of treasury stock

-

-7

-

-7

Disposal of treasury stock

-

1,248

448

1,697

-

-163

-

-163

-28,280-28,280-12,400-40,681

-

-39

39

-

-17,823---

Lapse of subscription rights tosharesDividends
Changes in the ownershipinterest in subsidiaries
Transfer from other componentsof equity to retained earnings
Total transactions with owners-46,104-27,243-11,911-39,154

Balance as of Mar. 31, 2016

964,727

1,168,953

389,515

1,558,468

FY2017 (Apr. 1, 2016 through Mar. 31, 2017)(Million Yen)
Equity attributable to owners of the parent
Other components of equity

Capitalstock

Balance as of April 1, 2016
Profit for the period
Other comprehensive income(loss)
Comprehensive income for theperiodCapitalsurplus

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

Cash
flow
hedgesExchangedifferencesontranslationof foreign
operations

Total

45,04961,862-18,035-

154,823-2,844-36,628

115,349

-

-

-

-

-

-

-

-

-

-

-

1,543

3,819

833

-7,962-1,765

-

-

-

1,543

3,819

833

-7,962-1,765Acquisition of treasury stock---49,086

-

-

-

-

-

Disposal of treasury stock-

10,242

10,137

-

-

-

-

-

-

-359

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

76

-

-

-

-

-

-

-

-

-

-1,543-1,442---2,985-

9,959-38,948-1,543-1,442---2,98545,04971,822-56,983-

157,200-2,011-44,591

110,597

Lapse of subscription rights tosharesDividends
Changes in scope of
consolidation
Changes in the ownershipinterest in subsidiaries
Transfer from other componentsof equity to retained earnings
Total transactions with owners
Balance as of Mar. 31, 2017

Equity attributable to owners of the parent
Non-controlling interests

Retainedearnings

Total equity

Total

964,727

1,168,953

389,515

1,558,468

126,653

126,653

53,378180,031--1,765-2,614-4,380126,653

124,887

50,763

175,651

Acquisition of treasury stock--49,086--49,086

Disposal of treasury stock-

20,3804,340

24,721

-

-359

-

-359

-28,466-28,466-13,164-41,630--

20,275

20,275

-

76

6,746

6,823

2,985

-

-

-

Balance as of April 1, 2016
Profit for the period
Other comprehensive income(loss)
Comprehensive income for theperiodLapse of subscription rights tosharesDividends
Changes in scope of
consolidation
Changes in the ownershipinterest in subsidiaries
Transfer from other componentsof equity to retained earnings
Total transactions with owners-25,481-57,455

18,199-39,256

Balance as of Mar. 31, 2017

1,065,900

1,236,385

458,478

1,694,864

(4) Consolidated statements of cash flows(Million Yen)FY2016(Apr. 1, 2015 throughMar. 31, 2016)

FY2017(Apr. 1, 2016 throughMar. 31, 2017)

Net cash provided by (used in) operating activities
Profit before income tax

194,060

237,311

Depreciation and amortization

186,197

197,168

Gain resulting from negative goodwill--19,807

Decrease (increase) in trade and other receivables-81,014-40,703

Decrease (increase) in inventories-14,962-20,424

Increase (decrease) in trade and other payables

44,017

79,471Other, net

9,802

16,687

Subtotal

338,100

449,702

Interest income received

1,469

1,575

Dividents income received

14,654

13,561

Interest expenses paid

-7,670-7,127

Income taxes (paid) refund-52,369-62,899

Net cash provided by (used in) operating activities

294,184

394,812Net cash provided by (used in) investing activities
Decrease (increase) in time deposits
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment

20,667

8,736-266,717-263,388

5,943

8,941

Purchase of intangiable assets-15,006-18,246

Purchase of investment securities-12,325-11,405

Proceeds from sales and redemption of investment securities

23,394

19,425

Proceeds from collection of lease recievables

13,863

14,460

Expenditure from acquisition of stock in newly consolidated subsidiaries--8,395

Proceeds from acquisition of stock in newly consolidated subsidiaries-

17,529

1,741

3,232

-228,437-229,109

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-11,152-7,150

Proceeds from long-term loans payable

34,291

81,611

Repayment of long-term loans payable-50,729-43,965-

30,000

Proceeds from issuance of bonds
Redemption of bonds-10,035-35

Repayment of lease payables-11,547-10,029

Acquisition of treasurely stock-7-49,086

Cash dividends paid

-28,270-28,474

Cash dividends paid to non-controlling interests-12,400-13,170

Other, net
Net cash provided by (used in) financing activities

1,689

8,682

-88,162-31,617

Effect of exchange rate change on cash and cash equivalents-9,059-2,744

Net increase (decrease) in cash and cash equivalents-31,474

131,342

Cash and cash equivalents at beginning of period

294,692

263,217

Cash and cash equivalents at end of period

263,217394,559(5)Notes to the Consolidated Financial Statements
Going concern assumption
None(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 periodicallyreviewed by the Board of Directors to make decisions about allocation of resources and to assess performance.
The Group is composed by the company and its core subsidiaries, 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 andservice are as follows.

Segment

Product and service

AISIN Seiki Group

Overall automotive parts and related service, Lifestyle & Energy related products, construction and engineering

AISIN Takaoka Group

Mainly cast-iron parts for engines and brakes

and oil sales etc.
AISIN AW Group

Mainly automatic transmissions and car navigation systems

ADVICS Group

Mainly brake parts

2. Revenue and profit by reportable segments
FY2016(Apr. 1, 2015 through Mar. 31, 2016)(Million Yen)
Reportable Segments

Net sales(1) Revenue from third
parties(2) Inter-segment
Total
Segment profits (loss)

Aisin Seiki
Group

Aisin Takaoka
Group

1,181,240

172,922

Aisin AWGroup

Advics Group

1,254,743

515,397

Total

3,124,304

OthersAdjustments

121,680

Total

3,245,985

321,769

102,990

21,902

36,236

482,898

76,880-559,779

1,503,009

275,913

1,276,646

551,634

3,607,203

198,561-559,779

3,245,985

70,8888,824

101,0129,233

189,958

3,944-1,179

192,722

Finance income

13,066

Finance expenses-20,186

Equity in earnings of affiliates

8,456

Profit before income taxes

194,060

Note1 Others includes ommited non-core groups that manufactures and sells automotive parts
Note2 Inter-segment revenue are based on transaction price between third-parties
Note3 Segment profits are based on Operating profit

FY2017(Apr. 1, 2016 through Mar. 31, 2017)(Million Yen)
Reportable Segments

Net sales(1) Revenue from third
parties(2) Inter-segment
Total
Segment profits (loss)

Aisin Seiki
Group

Aisin Takaoka
Group

1,353,101

172,060

Aisin AWGroup

Advics Group

1,408,580

517,379

Total

3,451,122

OthersAdjustments

111,499

Total

3,562,622

288,872

101,017

22,52638,086450,50291,561-542,063

1,641,973

273,078

1,431,107

555,466

3,901,625

203,061-542,063

3,562,622

80,593

12,320122,942

6,119

221,975

5,629

1,086

228,691

Finance income

13,103Finance expenses-12,330

Equity in earnings of affiliates
Profit before income taxes
Note1 Others includes ommited non-core groups that manufactures and sells automotive parts
Note2 Inter-segment revenue are based on transaction price between third-parties
Note3 Segment profits are based on Operating profit

7,846
237,311(Amounts per share)
Basic earnings per share and Diluted earnings per share are based on information below.
FY2016(Apr. 1, 2015 throughMar. 31, 2016)

FY2017(Apr. 1, 2016 throughMar. 31, 2017)

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)

100,332

126,653

100,332

126,653

282,999

284,960

354.53444.46

100,332

126,653

100,332

126,653

282,999

284,960688

306

283,687

285,267

353.67443.98

Basic earnings per share (Yen)
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 (share subsciption
rights) (Thousand shares)
Diluted Average number of common stocks (Thousand
shares)Diluted earnings per share (Yen)

Because there is no dilutive effect, potential shares were not included when calculating diluted earnings per share.
Potential shares are shown below.
FY2016(Apr. 1, 2015 throughMar. 31, 2016)
Share subsciption rights shares(Material subsequent events)
None

FY2017(Apr. 1, 2016 throughMar. 31, 2017)