FY2024 Consolidated Financial Results [IFRS](April 1, 2023 through March 31, 2024)
April 26, 2024
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 19, 2024
The expected date of dividends payment：May 29, 2024
Scheduled filing date for reporting on EDINET：June 20, 2024
Additional documents to supplement financial results：Yes (Japanese only)
IR presentation：Yes (For analysts and professional investors)

1.Consolidated Results for FY2024 (Apr. 1, 2023 through Mar. 31, 2024)(Amounts less than million yen are rounded down)(1) Consolidated Financial Results(Percent shows changes against previous Fiscal Year)
Operating profit

Revenue
Million Yen

FY2024FY2023%

Million Yen

4,909,557 11.5
4,402,823 12.4

Profit for the period

Profit for the period
attributableto owners of the parent

Million Yen

Million Yen

Million Yen%

143,396 147.5
57,942 -68.2

Basic earnings per share

FY2024FY2023

Profit before incometaxes%

149,877 103.2
73,741 -66.5

Diluted earnings per
share

%

112,809 135.5
47,909 -69.5

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

Comprehensive
incomefor the period%

Million Yen

90,813 141.1
37,670 -73.5

Ratio of profit before
income taxes to total
assets%462,984 720.9
56,396 -81.0

Ratio of operating
profit to revenue

Yen

Yen

%

%

%

336.93139.77336.93139.77

4.7
2.1

3.4
1.8

2.9
1.3

(Reference) Equity in earnings (losses) of affiliates

FY2024-8,425Million Yen

FY2023

7,332Million Yen(2) Consolidated Financial Position
Total Assets

FY2024FY2023Equity attributable toowners of the parent

Total equity

Ratio of equity attributableto owners of the parent

Equity attributableto owners of the parent
per share

Million Yen

Million Yen

Million Yen%

Yen

4,643,016
4,135,826

2,402,029
1,991,437

2,135,837
1,751,326

46.0
42.3

7,924.18
6,497.86(3) Consolidated Cash Flows
From operating
activities
FY2024FY2023

From investing
activities

Cash and cash equivalents
at the end of FY

From financing
activities

Million Yen

Million Yen

Million Yen

Million Yen

499,740
237,970-93,153-186,857-211,699-127,752

527,191
317,693

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%%

FY2023
FY2024

－
－

70.00
80.00

－
－

100.0090.00

170.00170.0045,81945,820

121.6
50.5

2.6
2.4

FY2025(Forecast)

－

90.00

－

90.00

180.00

- 1 -

37.3

3.Consolidated forecast for FY2025 (Apr. 1, 2024 through Mar. 31, 2025)(Percent shows changes against corresponding figures for the previous period)
Revenue

Full year

Operating profit

Million Yen%

Million Yen%

4,920,000

0.2

220,000

53.4

Profit before income
taxesMillion Yen%
225,000

Profit attributable toowners of parent
Million Yen%

50.1

130,000

43.2

Earnings per shareYen
482.31

4.Others(1) Changes in significant subsidiaries：Yes
Consolidation scope
Consolidated (New)：None
Eliminated：TANGSHAN AISIN AUTOMOTIVE PARTS CO., LTD.

TANGSHAN AISIN AUTOMOTIVE PARTS CO., LTD. was merged into TANGSHAN AISIN GEAR CO., LTD.
(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 9.
(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

FY2024

294,674,634 shares

FY2023294,674,634 shares

FY202425,140,588 shares

FY202325,151,250 shares

FY2024

269,532,761 shares

FY2023

269,522,153 shares- 2 -(Reference) Stand Alone Results for FY2024 (Apr. 1, 2023 through Mar. 31, 2024)(1) Stand Alone Financial Results(Percent indications show the percentage of changes against last Fiscal year)
Revenue
FY2024FY2023

Ordinary profit

Operating profit

Profit for the period

Million Yen%

Million Yen%

Million Yen%

Million Yen%

2,484,121
2,187,689

13.5
0.0

17,128-3,360-49,71573,547

-32.4
-45.5

109,994
73,274

50.1-78.2

Earnings per share
FY2024FY2023

Diluted earnings per share
Yen

Yen

408.09271.87－－(2) Stand Alone Financial Position
Total equity

Total Assets
FY2024FY2023

Tangible net worth ratio

Net worth per share

Million Yen

Million Yen%

Yen

2,968,913
2,591,451

1,259,682
974,91542.4
37.6

4,673.56
3,617.18(Reference) Tangible net worth
FY2024 1,259,682Million Yen
FY2023974,915Million Yen(Note) The numbers shown on Stand Alone Financial Results are based on Japanese Standard.
(Note) Operating profit and profit for the period increased compared to FY2023 due to an increase in powertrain unit sales from the previous fiscal
year and the recording of income on the sale of cross-shareholdings as extraordinary profit.

※ 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 26, 2024. 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)FY2023(As of Mar. 31, 2023)

FY2024(As of Mar. 31, 2024)

AssetsCurrent assets
Cash and cash equivalents
Trade and other receivables
Other financial assets

317,693
740,442
44,326527,191
703,708
39,375Inventories
Other current assets

534,181
77,475

536,600
87,2691,714,118
15,665

1,894,144
3,608

1,729,784

1,897,753

Subtotal
Assets held for sale
Total current assets
Non-current assets
Property, plant and equipment

1,440,280

1,470,862

Intangible assets

56,08155,882Right-of-use assets
Investments accounted for using the equity method
Other financial assets
Deferred tax assets

65,451138,105
583,573
80,324

67,203
131,914885,677
81,912Other non-current assets

42,22551,810Total non-current assets

2,406,041

2,745,263

4,135,826

4,643,016

Total assets
Liabilities and equity
Liabilities
Current liabilities
Trade and other payables

840,261

908,975

Bonds and loans payable
Lease liabilities
Other financial liabilities
Provisions

159,880
18,392
3,559
38,403

100,227
20,905
9,373
44,037

Income tax payables
Other current liabilities

13,414
42,466

46,67047,652

1,116,378
1,494

1,177,842
312

1,117,873

1,178,154

Bonds and loans payable
Lease liabilities

688,815
43,378626,067
47,461Other financial liabilities
Retirement benefit liabilities
Provisions

19,938206,115
2,206

27,111205,801
2,393

Deferred tax liabilities
Other non-current liabilities
Total non-current liabilities

49,532
16,528142,238
11,758Subtotal
Liabilities directly associated with assets held for sale
Total current liabilities
Non-current liabilities

1,026,515

1,062,833

Total liabilities

2,144,389

2,240,987

EquityCapital stock
Capital surplus
Treasury stock

45,04974,401-115,675

45,04979,352-115,627

307,125
1,440,425

577,590
1,549,472

1,751,326
240,1102,135,837
266,192

1,991,437
4,135,826

2,402,029
4,643,016

Other components of equity
Retained earnings
Equity attributable to owners of the parent company
Non-controlling interests
Total equity
Total liabilities and equity- 4 -(2) Consolidated Statements of Income / Consolidated Statements of Comprehensive Income(Consolidated Statements of Income)(Million Yen)FY2023(Apr. 1, 2022 throughMar. 31, 2023)
Revenue
Cost of revenue
Gross profit

4,402,823-4,001,434

Selling, general and administrative expenses
Other income
Other expenses

FY2024(Apr. 1, 2023 throughMar. 31, 2024)
4,909,557-4,358,900

401,389

550,656-339,175
26,610-30,880-417,705
28,785-18,340

Operating profit

57,942

143,396

Finance income
Finance expenses
Equity in earnings (losses) of affiliates

25,036-16,569
7,332

25,445-10,538-8,425

Profit before income taxes
Income tax expenses
Profit for the period

73,741-25,832
47,909149,877-37,068
112,80937,67090,813

Profit for the period attributable to:
Owners of the parent
Non-controlling interests
Total

10,23821,99647,909112,809

Earnings per share
Basic earnings per share (Yen)139.77336.93

Diluted earnings per share (Yen)139.77336.93(Consolidated Statements of Comprehensive Income)(Million Yen)FY2023(Apr. 1, 2022 throughMar. 31, 2023)

FY2024(Apr. 1, 2023 throughMar. 31, 2024)

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

47,909112,809

Remeasurements of defined benefit plans

27,237

10,363

Net changes in revaluation of financial assets measured at fair value throughother comprehensive income-49,014

286,827

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

-506

-4

-22,282

297,187-75

52

Cash flow hedges
Exchange differences on translating foreign operations

132
27,867

77
48,896

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

2,843

3,960

30,7698,487
56,39652,987350,174
462,984

Owners of the parent

39,353426,802

Non-controlling interests
Total

17,04336,18256,396462,984

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

Total
Other comprehensive income total
Comprehensive income for the period
Comprehensive income for the period attributable to:- 5 -(3) Consolidated Statements of Changes in Equity

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

Capitalstock

Balance as of April 1, 2022
Hyperinflation adjustment
Balance as of April 1, 2022
After adjustment
Profit for the period
Other comprehensive income

Capitalsurplus

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

Cash
flow
hedgesExchangedifferencesontranslationof foreign
operations

Total

45,049－76,282－-115,723－－－

325,493
－

-253
－

5,084
－

330,324－

45,04976,282-115,723－

325,493

-253

5,084

330,324

－
－

－
－

－
－

－
24,617－-49,303－138－
26,229

－
1,682

－

－

－

24,617-49,303138

26,229

1,682

－
－
－

－
-13

-5
53

－

－

－
－
－

－
－
－

－
－
－

－
－
－

－
－
－

Changes in the ownershipinterest in subsidiaries－-1,867

－

52

－

－

－

52

Transfer from other componentsof equity to retained earnings

－

－

－

-24,670

-263

－

－

-24,933－
45,049-1,88048-24,617-263

74,401-115,675－

275,926－-114－
31,313

307,125

Comprehensive income for theperiodAcquisition of treasury stock
Disposal of treasury stock
Dividends

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

-24,881

Equity attributable to owners of the parent
Non-controlling interests

Retainedearnings
Balance as of April 1, 2022
Hyperinflation adjustment
Balance as of April 1, 2022
After adjustment
Profit for the period
Other comprehensive income
Comprehensive income for theperiodAcquisition of treasury stock
Disposal of treasury stock
Dividends
Changes in the ownershipinterest in subsidiaries
Transfer from other componentsof equity to retained earnings

Total equity

Total

1,420,583
3,055

1,756,516
3,055

239,992－

1,996,508
3,055

1,423,638

1,759,571

239,992

1,999,563

37,670－37,670
1,682

10,2386,804

47,9098,487

37,67039,353

17,04356,396－－-45,818

-5
39

-5
39

-45,818－－-8,491-54,309－-1,814-8,433-10,248

24,933－－－

Total transactions with owners-20,884-47,598-16,925-64,523

Balance as of Mar. 31, 2023

1,440,425

1,751,326

240,110

1,991,437- 6 -FY2024 (Apr. 1, 2023 through Mar. 31, 2024)(Million Yen)
Equity attributable to owners of the parent
Other components of equity

Capitalstock

Balance as of April 1, 2023
Profit for the period
Other comprehensive income
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

45,049－－74,401－－-115,675
－
－

－
－
8,633

275,926－
284,752-114－
80

31,313－42,522

307,125－
335,988

－

－

－

8,633

284,752

80

42,522335,988

－

－

－

－

－

－
－
－

－
－
－

－
－
－

－
－
－

Hyperinflation adjustment－－

Acquisition of treasury stock
Disposal of treasury stock
Dividends

－
－
－

－
-9

－
-6
55

－

－

－
－
－

Changes in the ownershipinterest in subsidiaries

－

4,959

－

－

－

－

－

－

Change in scope of consolidation

－

－

－

90

－

－

-310

-220

Transfer from other componentsof equity to retained earnings

－

－

－

-8,723-56,579－－-65,303－
45,0494,950

48-8,633-56,579-65,523-115,627－

504,099

－
-34

-310

79,35273,526

577,590

Total transactions with owners
Balance as of Mar. 31, 2024

Equity attributable to owners of the parent
Non-controlling interests

Retainedearnings
Balance as of April 1, 2023
Profit for the period
Other comprehensive income
Comprehensive income for theperiodHyperinflation adjustment
Acquisition of treasury stock
Disposal of treasury stock

Total equity

Total

1,440,425
90,813－

1,751,326
90,813335,988

240,110
21,99614,185

1,991,437
112,809350,174

90,813426,80236,182462,984

1,445－－-48,515

1,445
-6
46

－
－
1

1,445
-6
47

-48,515-9,052-57,567

Changes in the ownershipinterest in subsidiaries

－

4,959

-1,0503,909

Change in scope of consolidation

－

-220

－

-220

Transfer from other componentsof equity to retained earnings

65,303－－－

16,787
1,549,472-43,736
2,135,837-10,100
266,192-53,837
2,402,029

Dividends

Total transactions with owners
Balance as of Mar. 31, 2024

- 7 -

(4) Consolidated Statements of Cash Flows(Million Yen)FY2023(Apr. 1, 2022 throughMar. 31, 2023)
Net cash provided by (used in) operating activities
Profit before income tax

FY2024(Apr. 1, 2023 throughMar. 31, 2024)

73,741

149,877

Depreciation and amortization
Impairment losses

277,187
19,981

274,300
4,092

Decrease (increase) in trade and other receivables-80,483

89,617

Decrease (increase) in inventories
Increase (decrease) in trade and other payables

56,910-35,186

30,143-4,753

Other, net-13,964-29,110

Subtotal

298,185
2,958
18,397-11,865-69,706

514,167
5,067
21,940-8,516-32,919

237,970499,740

Interest income received
Dividends income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities
Net cash provided by (used in) investing activities
Decrease (increase) in time deposits

26,215-4,891

Purchase of property, plant and equipment-212,312-228,148

Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sales and redemption of investment securities
Proceeds from collection of lease receivables

6,560-26,558-2,3096,458
14,874

10,111-16,316-2,283
118,957
14,054－
214

13,0752,288-186,857-93,153

22,674555-41,939
5,359

Repayment of long-term loans payable
Redemption of bonds
Repayment of lease payables-65,249－-25,507-80,288-15,000-25,949

Cash dividends paid
Cash dividends paid to non-controlling interests
Other, net-45,792-8,491-5,941-48,502-9,052
3,672-127,752-211,699

Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
To reclassify cash and cash eqiuvalents included in assets held for sale

8,959
-67,680
386,906-1,532

13,207208,094
317,693
1,403

Cash and cash equivalents at end of period

317,693

527,191

Proceeds from sales of subsidiaries or other businesses
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

Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents- 8 -(5) Notes to the Consolidated Financial Statements(Going concern assumption)
None(Changes in accounting policies)
Beginning from FY2024, the company has adopted “Amended by Deferred Tax related to Assets and Liabilities arising from a Single
Transaction” (Amendments to IAS12). The adoption of this atandard has no significant impact on the Consolidated Financial Statements of thecompany.

(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 fivereportable segments: "Japan", "North America", "Europe", "China", and "ASEAN and India". Therefore, reportable segments and its product andservice 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

ASEAN and India

Overall automotive parts

2. Change in reportable segment classification
From the beginning of the current consolidated fiscal year, the Group’s reportable segments has been changed from four segments of "Japan","North America", "Europe" and "China" to five segments of "Japan", "North America", "Europe", "China", and "ASEAN and India" due to the review
of performance management classification. "ASEAN and India" includes consolidated subsidiaries located in Thailand, Indonesia, Philippines,
India, and Singapore.
The segment information for the previous consolidated fiscal year has been restated based on the new reportable segments.

- 9 -2. Revenue and profit by reportable segments

FY2023(Apr. 1, 2022 through Mar. 31, 2023)(Million Yen)
Reportable Segments

Revenue(1) Revenue from third
parties(2) Inter-segment

Total
Segment profit (loss)

OthersAdjustments

Total

Japan

North
America

Europe

China

ASEAN
and India

Total

2,219,693

814,368

343,873

531,951456,826

4,366,713

36,110－4,402,823

633,725

14,641

9,640

16,57935,824710,41049-710,460－

2,853,419

829,009353,513548,530

492,650

5,077,124

36,159-710,460

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

16,04458,58245,862

3,706

8,373

57,942Finance income

25,036

Finance expenses-16,569

Equity in earnings (losses) 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 Brazil.
(Note2) Inter-segment revenue is based on transaction price negotiated each year in consideration of market price and total cost.
(Note3) Segment profit (loss) is based on Operating profit.

FY2024(Apr. 1, 2023 through Mar. 31, 2024)(Million Yen)
Reportable Segments

Revenue(1) Revenue fromthird parties(2) Inter-segment

Total
Segment profit (loss)

OthersAdjustments

Total

Japan

North
America

Europe

China

ASEAN
and India

Total

2,450,841

982,393364,773

612,373456,587

4,866,969

42,587－

4,909,557

744,423

18,141

11,082

22,943

43,524840,11543-840,158－

3,195,265

1,000,535

375,855

635,316

500,111

5,707,084

42,631-840,158

4,909,557

62,609-25,154

7,748

36,47056,164

137,837

4,702

855

143,396

Finance income

25,445

Finance expenses-10,538

Equity in earnings (losses) of affiliates-8,425

Profit before income taxes

149,877(Note1) Others include omitted non-core regions that manufacture and sell automotive parts, such as Brazil.
(Note2) Inter-segment revenue is based on transaction price negotiated each year in consideration of market price and total cost.
(Note3) Segment profit (loss) is based on Operating profit.

- 10 -

(Assets held for sale)

As of March 31, 2024, the assets and liabilities of AISIN CORPORATION related to shower toilet business, and the assets and liabilities held by
ZHEJIANG AISIN ELITE MACHINERY AND ELECTRIC CO.LTD. and HANGZHOU AISIN LIXIL MACHINERY AND ELECTRIC CO., LTD., which
are Chinese subsidiaries that manufacture shower toilet, were classified as held for sale, because of the agreement to transfer of the business.
On April 1, 2023, the sales procedures have been completed for the Nagoya Plant of consolidated subsidiary Aisin Shiroki Corporation that wereclassified as held for sale at the end of the previous fiscal year.
In addition to it, the business transfer of PT. SHIROKI INDONESIA and SHIROKI AUTOMOTIVE INDIA PVT. LTD. have been completed on
November 1 2023 and March 15 2024 respectively.
(Amounts per share)

Basic earnings per share and Diluted earnings per share are based on information below.
FY2023(Apr. 1, 2022 throughMar. 31, 2023)

FY2024(Apr. 1, 2023 throughMar. 31, 2024)

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)

37,67090,813－－37,67090,813

269,522

269,532

139.77336.9337,67090,813－－37,67090,813

269,522

269,532－－

269,522

269,532

139.77336.93

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 -