FY2020 Consolidated Financial Results [IFRS](April 1, 2019 through March 31, 2020)
April 30, 2020
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

https://www.aisin.com/

Representative

Kiyotaka Ise , President

Contact person

Yoshio Uchiyama, General Manager Finance & Costing Dept

TEL

+81-566-24-8265

Scheduled date of the annual regular general meeting of shareholders:June 16, 2020
The expected date of dividends payment：May 28, 2020
Scheduled filing date for reporting on EDINET：June 17, 2020
Additional documents to supplement financial results：Yes (Japanese only)
IR presentation：Yes (For analysts and professional investors)
1.Consolidated Results for FY2020 (Apr. 1, 2019 through Mar. 31, 2020)(Amounts less than million yen are rounded down)(1) Consolidated Financial Results（Percent shows changes against previous Fiscal Year）
Revenue

FY2020FY2019Operating profit

Million Yen％

3,784,585
4,043,110

-6.4
3.4

Million Yen(Reference) Equity Income

Profit for the period

Profit for the period
attributableto owners of the parent

Million Yen

Million Yen

Million Yen％

56,129 -72.7
205,562 -19.0

Basic earnings per share

FY2020FY2019Profit before incometaxes％

53,395 -75.4
217,486 -18.9

Diluted earnings per
share

％

29,536 -81.4
159,124 -18.5

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

Comprehensive
incomefor the period
Million Yen％

24,061 -78.2
110,123 -18.2

Ratio of profit before
income taxes to total
assets％-33,041 -126.3
125,759 -46.1

Ratio of operating
profit to revenue

Yen

Yen

%

%

%

89.28
408.6489.28
408.64

1.8
8.3

1.4
6.0

1.5
5.1

Ratio of equity attributableto owners of the parent

Equity attributableto owners of the parent
per share

FY20209,217Million Yen

FY20197,517Million Yen(2) Consolidated Financial Position
Total Assets

FY2020FY2019Equity attributable toowners of the parent

Total equity

Million Yen

Million Yen

Million Yen％

Yen

3,992,652
3,751,880

1,795,695
1,873,627

1,280,165
1,346,902

32.1
35.9

4,750.07
4,997.99(3) Consolidated Cash Flows
From operating
activities
FY2020FY2019From investing
activities

From financing
activities

Cash and cash equivalents
at the end of FY

Million Yen

Million Yen

Million Yen

Million Yen

327,552
354,942-273,876-414,494

275,382
13,164675,162
357,195

2.Cash Dividends
Ratio of equity

Annual Cash Dividends Per Share
1st quarter
Yen

FY2019FY2020
FY2021(Forecast)

2nd quarter3rd quarterYen

4th quarter

Yen

Dividends total

Dividends
Payout Ratio

FY Total

attributable toowners of theparentYen

YenMillion Yen％％

40,42332,340

36.7
134.4

3.0
2.4

－
－

60.00
60.00

－
－

90.00
60.00

150.00120.00

－

－

－

－

－

(Note) Dividend forecast for FY2021 has not been dicided at this point.

- 1 -

－

3.Consolidated forecast for FY2021 (Apr. 1, 2020 through Mar. 31, 2021）
Consolidated forecast for FY2021 can not be disclosed at this point due to difficulties to estimate financial impact of novel coronavirus (COVID-19).
Forecast will be disclosed at a later date after examination of the above situation.
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 8.
(3) Number of outstanding shares(common stocks)① Number of shares issued including treasury stock as of therespective balance sheet date
Number of treasury stock as of the respective balance② sheet date
③ Average number of common stocks

FY2020294,674,634 shares

FY2019294,674,634 shares

FY202025,170,172 shares

FY201925,185,828 shares

FY2020269,500,728 shares

FY2019269,489,483 shares(Reference) Stand Alone Results for FY2020 (Apr. 1, 2019 through Mar. 31, 2020)(1) Stand Alone Financial Results(Percent indications show the percentage of changes against last Fiscal year)
Revenue
FY2020FY2019Operating profit

Ordinary profit

Profit for the period

Million Yen％

Million Yen％

Million Yen％

Million Yen％

854,018
873,268△2.2
2.4

18,09921,801

△17.0
△26.8

48,924
81,937△40.3
3.8

44,291
77,247△42.7
11.7

Earnings per share
FY2020FY2019Diluted earnings per share
Yen

Yen

164.35286.65164.35286.65(2) Stand Alone Financial Position
Total Assets
FY2020FY2019Total equity

Tangiable net worth ratio

Net worth per share

Million Yen

Million Yen％

Yen

1,953,615
1,626,831

519,864
529,97026.6
32.6

1,928.97
1,966.58(Reference) Tangiable net worth
FY2020519,864Million Yen
FY2019529,970Million Yen(Note) The numbers shown on Stand Alone Financial Results are based on Japanese Standard.
※ 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 30, 2020. The presentationmaterials for the earnings briefing will be posted on its website promptly following the presentation.

- 2 -5. Consolidated Financial Statements(1) Consolidated Statements of Financial Position(Million Yen)FY2019(As of Mar. 31, 2019)

FY2020(As of Mar. 31, 2020)

AssetsCurrent assets
Cash and cash equivalents

357,195

675,162

Trade and other receivables

620,630

533,577

Other financial assets

137,433

107,774

Inventories

341,506

369,251

Other current assets

66,722

61,105

Total current assets

1,523,488

1,746,871

1,479,621

1,463,084
36,741

Right-of-use assets

40,702－

Investments accounted for using the equity method

107,854

112,515

Other financial assets

449,982

414,543

Deferred tax assets
Other non-current assets

120,525
29,707

141,685
19,378

Total non-current assets

2,228,392

2,245,780

3,751,880

3,992,652

Trade and other payables

850,616

778,466

Bonds and loans payable

86,148102,760

Lease liabilities

8,031

17,103

Other financial liabilities

30,38531,031

Provisions

23,703

21,030

Income tax payables
Other current liabilities

23,19829,664

14,84336,037

Total current liabilities

1,051,748

1,001,272

Non-current assets
Property, plant and equipment
Intangible assets

Total assets

57,831

Liabilities and equity
Liabilities
Current liabilities

Non-current liabilities
Bonds and loans payable

524,193849,228

Lease liabilities

4,131

36,432Other financial liabilities

5,081

5,292

215,946

236,843

Retirement benefit liabilities
Provisions

5,446

3,193

Deferred tax liabilities

62,222
9,482

51,001
13,693

Other non-current liabilities
Total non-current liabilities

826,504

1,195,684

1,878,252

2,196,957

Capital stock

45,04945,049

Capital surplus

70,04367,070Treasury stock-115,844-115,770

Other components of equity

121,429
1,226,224

78,351
1,205,465

Non-controlling interests

1,346,902
526,725

1,280,165
515,529

Total equity

1,873,627

1,795,695

3,751,880

3,992,652

Total liabilities
EquityRetained earnings
Equity attributable to owners of the parent company

Total liabilities and equity- 3 -(2) Consolidated Statements of Income / Consolidated Statements of Comprehensive Income(Consolidated Statements of Income)(Million Yen)FY2019(Apr. 1, 2018 throughMar. 31, 2019)
Revenue
Cost of revenue

4,043,110-3,545,278

FY2020(Apr. 1, 2019 throughMar. 31, 2020)
3,784,585-3,400,414

Gross profit

497,832

384,170

Selling, general and administrative expenses-306,591
27,186-300,582
26,181Other expenses-12,865-53,640

Operating profit

205,562

56,129Finance income

15,742-11,335

15,101-27,053

Other income

Finance expenses
Equity in earnings of affiliates

7,517

9,217

Profit before income taxes

217,486

53,395

Income tax expenses-58,361-23,859

Profit for the period

159,124

29,536

Non-controlling interests

110,123
49,00024,061
5,474

Total

159,124

29,536

Basic earnings per share (Yen)408.6489.28

Diluted earnings per share (Yen)408.64

89.28

Profit for the period attributable to:
Owners of the parent

Earnings per share(Consolidated Statements of Comprehensive Income)(Million Yen)FY2019(Apr. 1, 2018 throughMar. 31, 2019)
Profit for the period
Other comprehensive income

FY2020(Apr. 1, 2019 throughMar. 31, 2020)

159,124

29,536

Remeasurements of defined benefit plans-6,715-7,014

Net changes in revaluation of financial assets measured at fair value throughother comprehensive income-25,584-20,102

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

-163

-402

-32,463-27,518-122-31

Items that will not be reclassified to profit or loss

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

180

407

-1,274-35,299

314

-135

-902

-35,058

Other comprehensive income total-33,365-62,577

Comprehensive income for the period

125,759-33,041

Non-controlling interests

78,941
46,817-24,544-8,497

Total

125,759-33,041

Comprehensive income for the period attributable to:
Owners of the parent- 4 -(3）Consolidated Statements of Changes in Equity
FY2019 (Apr. 1, 2018 through Mar. 31, 2019)(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
incomeTreasury
stock

Cash
flow
hedgesExchangedifferencesontranslationof foreign
operations

Total

45,04971,826-115,835－

193,212-1,429-43,908

147,874

－

－

－

－

－

－

－

－

Other comprehensive income(loss)－－－-4,960-25,436179-964-31,182

Comprehensive income for theperiod－－－-4,960-25,436179-964-31,182－－－

Disposal of treasury stock

－
－

－
－

－
－

－
－

－

-10
0
－

－
－

Dividends

0
－

－

－

－

－

－

Changes in scope of
consolidation

－

－

－

－

－

－

－

－

Changes in the ownershipinterest in subsidiaries－-1,782

－

－

－

－

－

－

Transfer from other componentsof equity to retained earnings

－

－

－

4,960

-223

－

－

4,736

4,960
－

-223

－

－

4,736

167,551-1,249-44,872

121,429

Balance as of April 1, 2018
Profit for the period

Acquisition of treasury stock

Total transactions with owners
Balance as of Mar. 31, 2019－

-1,782-945,04970,043-115,844

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

110,123

110,123

49,000159,124

Other comprehensive income(loss)－-31,182-2,183-33,365

Comprehensive income for theperiod110,123

78,941

46,817125,759

－
－

-10

－

-10

1

0

1

-40,423-40,423-21,517-61,940

Changes in scope of
consolidation

－

－

3,413

3,413

Changes in the ownershipinterest in subsidiaries－-1,782

5,059

3,276

-4,736－－－

Balance as of April 1, 2018
Profit for the period

Acquisition of treasury stock
Disposal of treasury stock
Dividends

Transfer from other componentsof equity to retained earnings
Total transactions with owners-45,160-42,215-13,044-55,260

Balance as of Mar. 31, 2019

1,226,224

1,346,902

526,725

1,873,627- 5 -FY2020 (Apr. 1, 2019 through Mar. 31, 2020)(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
incomeTreasury
stock

Cash
flow
hedgesExchangedifferencesontranslationof foreign
operations

Total

45,04970,043-115,844－

167,551-1,249-44,872

121,429

－

－

－

－

－

－

－

－

Other comprehensive income(loss)－－－-4,618-20,319409-24,076-48,605

Comprehensive income for theperiod－－－-4,618-20,319409-24,076-48,605－－－

Disposal of treasury stock

-19

-4
77

－
－

－
－

－
－

－
－

－
－

Dividends

－

－

－

－

－

－

－

－

Changes in the ownershipinterest in subsidiaries－-2,954

－

-25

－

－

1,157

1,131

Transfer from other componentsof equity to retained earnings

－

－

－

4,644

-248

－

－

4,396

4,618
－

-248

－

1,157

5,527

146,983-839-67,792

78,351

Balance as of April 1, 2019
Profit for the period

Acquisition of treasury stock

Total transactions with owners
Balance as of Mar. 31, 2020－

-2,97373

45,04967,070-115,770

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

24,061

24,061

5,474

29,536

Other comprehensive income(loss)－-48,605-13,971-62,577

Comprehensive income for theperiod24,061-24,544-8,497-33,041

－
－

-4

－

-4

58

2

61

-40,424-40,424-11,253-51,677－-1,822

8,551

6,728

-4,396－－－

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-44,820-42,193-2,698-44,891

Balance as of Mar. 31, 2020

1,205,465

1,280,165

515,529

1,795,695- 6 -(4) Consolidated Statements of Cash Flows(Million Yen)FY2019(Apr. 1, 2018 throughMar. 31, 2019)
Net cash provided by (used in) operating activities
Profit before income tax
Depreciation and amortization
Decrease (increase) in trade and other receivables

FY2020(Apr. 1, 2019 throughMar. 31, 2020)

217,486

53,395

226,418

255,549

4,758

72,110-42,520-37,933

Increase (decrease) in trade and other payables

40,903-30,159

Other, net-21,246

55,574

Subtotal

425,799

368,535

Decrease (increase) in inventories

Interest income received

2,689

3,014

Dividents income received

16,287

14,795Interest expenses paid
Income taxes (paid) refund-7,513-82,321-8,204-50,588

Net cash provided by (used in) operating activities

354,942

327,552

Net cash provided by (used in) investing activities
Decrease (increase) in time deposits-43,266

19,895Purchase of property, plant and equipment-377,075-312,776

Proceeds from sales of property, plant and equipment

6,185

4,712

Purchase of intangiable assets-13,528-12,837

Purchase of investment securities-19,219-7,124

Proceeds from sales and redemption of investment securities

18,703

20,983

Proceeds from collection of lease recievables

15,743-2,037

13,866-595-414,494-273,876

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

4,409

6,121

Proceeds from long-term loans payable

119,635

181,630

Repayment of long-term loans payable-41,063-22,971

Proceeds from issuance of bonds

12,000200,000

Redemption of bonds-10,017-20,000

Repayment of lease payables-12,792-24,783

Cash dividends paid

-40,456-40,412

Cash dividends paid to non-controlling interests
Other, net-21,5212,970-11,253
7,052

Net cash provided by (used in) financing activities

13,164

275,382

Effect of exchange rate change on cash and cash equivalents-2,924-11,091

Cash and cash equivalents at beginning of period-49,312406,508

317,967
357,195

Cash and cash equivalents at end of period

357,195

675,162

Net increase (decrease) in cash and cash equivalents- 7 -(5) 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, 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".

(Changes in presentation）“Lease liabilities”, which had been included in “Other financial liabilities” for the previous fiscal year, has been separately presented for this fiscal
year due to an increase in materiality. To reflect these changes in presentation, a reclassification has been performed on the consolidated financial
statements for the previous fiscal year.
As a result, “Other financial liabilities” in Current liabilities which was presented at 38,416 million yen and included “Lease liabilities” of 8,031million
yen has been reclassified to 30,385 million yen. And “Other financial liabilities” in Non-current liabilities which was presented at 9,212 million yen
and included “Lease liabilities” of 4,131 million yen has been reclassified to 5,081 million yen.

(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.
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.
Note that in order to optimize the resources of powertrain business, AISIN AW Co., Ltd. merged AISIN AI Co., Ltd. on April 1, 2019. As a result,
AISIN AI Co., Ltd. and its subsidiaries which were included in "Others" for the previous fiscal year are included in "Aisin AW Group" for this fiscal
year.

Segment
Aisin Seiki Group

Product and service
Overall automotive parts and related service, Lifestyle & Energy related products, construction and engineeringand oil sales etc.

Aisin Takaoka Group

Mainly cast-iron parts for engines and brakes

Aisin AW Group

Mainly automatic transmissions, manual transmissions and car navigation systems

ADVICS Group

Mainly brake parts- 8 -2. Revenue and profit by reportable segments
FY2019(Apr. 1, 2018 through Mar. 31, 2019)(Million Yen)
Reportable Segments
Aisin Seiki
Group

Aisin Takaoka
Group

Aisin AWGroup

ADVICSGroup

1,492,269

193,778(2) Inter-segment

290,342

126,989

49,467

Total

1,782,611

320,768

1,799,218

67,007

13,533

110,234

11,856

Total

OthersAdjustments

Total

Revenue(1) Revenue from third
parties

Segment profit (loss)

1,749,750

592,846

4,028,645

14,464－

4,043,110

7,618

474,41754,463-528,881－

600,464

4,503,063

68,928-528,881

4,043,110

202,632

3,812

-882

205,562

Finance income

15,742Finance expenses-11,335

Equity in earnings of affiliates

7,517

Profit before income taxes

217,486（Note1）Others include omitted non-core groups that manufacture and sell automotive parts.
（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.

FY2020(Apr. 1, 2019 through Mar. 31, 2020)(Million Yen)
Reportable Segments
Aisin AWGroup

ADVICS
Group

OthersAdjustments

Total

Aisin Seiki
Group

Aisin Takaoka
Group

1,418,053

189,088

1,588,096

575,997

3,771,235

13,349－3,784,585(2) Inter-segment

267,713

120,971

34,0986,613

429,397

52,294-481,691－

Total

1,685,767

310,060

1,622,194

582,610

4,200,632

65,644-481,691

3,784,585

30,253

6,715

19,912-3,52853,353

1,919

856

56,129

Total

Revenue(1) Revenue from third
parties

Segment profit (loss)
Finance income

15,101

Finance expenses-27,053

Equity in earnings of affiliates

9,217

Profit before income taxes

53,395（Note1）Others include omitted non-core groups that manufacture and sell automotive parts.
（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.

- 9 -(Amounts per share)
Basic earnings per share and Diluted earnings per share are based on information below.
FY2019(Apr. 1, 2018 throughMar. 31, 2019)

FY2020(Apr. 1, 2019 throughMar. 31, 2020)

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)

110,123

24,061－－

110,123

24,061

269,489

269,500

408.6489.28

110,123

24,061－－

110,123

24,061

269,489

269,500－－

269,489

269,500

408.6489.28

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)(Acquisition of AISIN AW Co., Ltd. shares by our subsidiary AISIN AW Co., Ltd.)At the Board of Directors meeting held on October 31, 2019, AISIN SEIKI Co., Ltd.,(AI) decided that AISIN AW Co., Ltd.(AW) acquires all AW
shares held by Toyota Motor Corporation (Toyota). On the same day, basic agreement was signed by Toyota, AW and AI.On April 1, 2020, theacquisition by AW was completed.
Outline of the acquisition(1) Acquisition date

April 1, 2020

(2) Total number of shares acquired 3,887,000 shares(3) Acquisition cost

For the acquisition cost, referring to the stock value calculated by a third-party organization, it was decided byconsultation with the three companies.

- 10 -