FY2020 1st Quarter Consolidated Financial Results [IFRS](April 1, 2019 through June 30, 2019)
July 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：August 9, 2019

The expected date of dividends payment：-

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 1st Quarter of FY2020 (Apr. 1, 2019 through Jun. 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 1st quarter

963,055-4.5

25,542-60.6

29,117-60.1

23,391-60.5

FY2019 1st quarter

1,007,942

9.9

64,89821.2

72,986

21.5

59,27735.0

Profit for the period
attributableto owners of the parent

Comprehensive incomefor the period

Basic earnings per shareDiluted earnings per share

Million Yen％

Million Yen％

YenYenFY2020 1st quarter

17,401-56.6

11,734-80.6

64.57

64.57

FY2019 1st quarter

40,11427.4

60,57326.1

148.85148.85(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 1st quarter

3,718,650

1,855,767

1,332,500

35.8

FY20193,751,880

1,873,627

1,346,902

35.9

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

Year end

Total

Yen

YenYenYenYen

FY2019-60.00-90.00

150.00

FY202060.00-90.00150.00

FY2020(Forecast)(Note) Changes in dividends forecast for FY2020：None

3.Consolidated Financial forecast for FY2020 (Apr. 1, 2019 through Mar. 31, 2020）（Percent shows changes against corresponding figures for the previous period）
Revenue

Operating profit

Million Yen％First half

1,910,000

Full year

3,970,000

Profit before incometaxes

Profit attributable toowners of parent

Million Yen％

Million Yen％

Yen

Earnings per shareMillion Yen％-4.2

50,000-59.4

52,000-60.7

31,000-52.0

115.03-1.8

160,000-22.2

167,000-23.2

86,000-21.9

319.11(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 July 31,2019.

- 1 -4.Others(1) Changes in significant subsidiaries：Yes
Consolidation scope
Consolidated (New)：None
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 1st② Number of treasury stock as of the respective balance
sheet date

FY2020 1st③ Average number of common stocks (quarterly total)

quarterquarter
FY2020 1stquarter

294,674,634 shares

FY2019294,674,634 shares

25,186,032 shares

FY201925,185,828 shares

269,488,654 shares

FY2019 1stquarter

269,490,173 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 July 31, 2019. The presentation materials
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 1st quarter(As of Jun. 30, 2019)

AssetsCurrent assets
Cash and cash equivalents

357,195

338,700

Trade and other receivables

620,630

564,580

Other financial assets

137,433

126,957

Inventories

341,506

349,351

Other current assets

66,722

61,147

Total current assets

1,523,488

1,440,737

Non-current assets
Property, plant and equipment

1,479,621

1,474,027

Intangible assets

40,70240,125Right-of-use asset-51,037

Investments accounted for using the equity method

107,854

109,005

Other financial assets

449,982

454,120

Deferred tax assets
Other non-current assets

120,525
29,707

127,607
21,987

Total non-current assets

2,228,392

2,277,912

3,751,880

3,718,650

Trade and other payables

850,616

811,454

Bonds and loans payable

86,14869,291Other financial liabilities

38,41646,880

Provisions

23,70322,855

Income tax payables

23,19816,006

Total assets
Liabilities and equity
Liabilities
Current liabilities

Other current liabilities

29,66437,315

Total current liabilities

1,051,748

1,003,804

Bonds and loans payable

524,193

530,175

Other financial liabilities

9,212

38,958215,946

218,401

Non-current liabilities

Retirement benefit liabilities
Provisions

5,446

5,750

Deferred tax liabilities

62,22256,360

Other non-current liabilities

9,482

9,431

Total non-current liabilities

826,504

859,078

1,878,252

1,862,882

Capital stock

45,04945,049

Capital surplus

70,04367,347

Treasury stock-115,844-115,844

Total liabilities
EquityOther components of equity

121,429

115,874Retained earnings

1,226,224

1,220,073Equity attributable to owners of the parent company
Non-controlling interests

1,346,902
526,725

1,332,500
523,266

Total equity

1,873,627

1,855,767

3,751,880

3,718,650

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 1st quarter(Apr. 1, 2018 throughJun. 30, 2018)
Revenue
Cost of revenue

FY2020 1st quarter(Apr. 1, 2019 throughJun. 30, 2019)

1,007,942-877,228

963,055-865,091

Gross profit

130,714

97,963

Selling, general and administrative expenses-73,465
10,159-77,631
7,643

Other income
Other expenses-2,509-2,432

Operating profit

64,89825,542Finance income

6,883-2,133

7,388-7,545

Finance expenses
Equity in earnings of affiliates

3,337

3,730

Profit before income taxes

72,986

29,117

Income tax expenses-13,708-5,725

Profit for the period

59,27723,391

Non-controlling interests

40,114
19,163

17,401
5,990

Total

59,27723,391

Basic earnings per share (Yen)148.85

64.57

Diluted earnings per share (Yen)148.85

64.57

Profit for the period attributable to:
Owners of the parent

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

FY2020 1st quarter(Apr. 1, 2019 throughJun. 30, 2019)59,27723,391

Items that will not be reclassified to profit or loss
Remeasurements of defined benefit plans-4-148Net changes in revaluation of financial assets measured at fair value throughother comprehensive income

6,697

4,187

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

-52

-15

6,641

4,024-49

134

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

16-58

-5,614-16,347302

590-5,345-15,681

Other comprehensive income total

1,295-11,657

Comprehensive income for the period

60,573

11,734Non-controlling interests

43,36817,204

11,391
343

Total

60,573

11,734Comprehensive income for the period attributable to:
Owners of the parent- 4 -(3）Consolidated statements of changes in equity
FY2019 1st quarter(Apr. 1, 2018 through Jun. 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 otherplanscomprehensiveincome

Treasurystock

Exchangedifferences
ontranslationof foreign
operations

Cashflow
hedgesTotal

45,04971,826-115,835-

193,212-1,429-43,908

147,874

Profit for the period--------

Other comprehensive income(loss)

--

-

-15

6,572

18-3,321

3,254

Comprehensive income for theperiod

-

-

-

-15

6,572

18

-3,321

3,254

Disposal of treasury stock

-

0-30-

--

-

-

Dividends

----

---

-

Changes in the ownershipinterest in subsidiaries

-

-174

-

-----

Transfer from other componentsof equity to retained earnings

---

150-

-

15

Balance as of April 1, 2018

Acquisition of treasury stock

Total transactions with owners
Balance as of Jun. 30, 2018

--174

-3

150-

-

15

45,04971,651-115,838-

199,785-1,410-47,230

151,145

Equity attributable to owners of the parent
Non-controlling interests

Retainedearnings

Total equity

Total

1,161,260

1,310,176

492,952

1,803,129

40,114

40,114

19,16359,277

Other comprehensive income(loss)-

3,254-1,9581,295

Comprehensive income for theperiod

40,11443,36817,20460,573--300-30-24,254-24,254-10,363-34,617

-

-174

736

561

-15

---

Balance as of April 1, 2018
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-24,270-24,432-9,627-34,059

Balance as of Jun. 30, 2018

1,177,105

1,329,112

500,530

1,829,643- 5 -FY2020 1st quarter(Apr. 1, 2019 through Jun. 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

Exchangedifferencesontranslationof foreign
operations

Cash
flow
hedgesTotal

45,04970,043-115,844-

167,551-1,249-44,872

121,429--------

Other comprehensive income(loss)

---

500

4,283

-56

-10,737-6,010Comprehensive income for theperiod

---

500

4,283

-56

-10,737-6,010

Disposal of treasury stock

--0-0
0-

----Dividends--------

Changes in the ownershipinterest in subsidiaries--2,695

-

--

-

1,157

1,157

Transfer from other componentsof equity to retained earnings----500

-200

-

-

-701

Balance as of April 1, 2019
Profit for the period

Acquisition of treasury stock

Total transactions with owners
Balance as of Jun. 30, 2019--2,696-0-500

-200

-

1,157

455

45,04967,347-115,844-

171,634-1,306-54,453

115,874

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

17,401

17,401

5,990

23,391Other comprehensive income(loss)--6,010-5,646-11,657

Comprehensive income for theperiod

17,401

11,391

343

11,734

-

-00-

-0
0

-24,253-24,253-6,024-30,278--1,538

2,222

683

701

-

--

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-23,552-25,793-3,801-29,595

Balance as of Jun. 30, 2019

1,220,073

1,332,500

523,266

1,855,767- 6 -(4) Notes to the Consolidated Financial Statements(Going concern assumption)
None(Changes in accounting policies)
Beginning from FY2020 1st quarter (Apr. 1, 2019 through Jun. 30, 2019), 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 under
IAS17 "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 -