(For reference purposes only)

Consolidated Financial Results for the 1st Quarterof the Fiscal Year Ending March 31, 2025 [Japanese Standard]August 9, 2024
Stock exchange: Tokyo
Listed company name: AIDA ENGINEERING, LTD.
Stock code:
6118 (URL https://www.aida.co.jp/en/)
Representative:
Toshihiko Suzuki, Representative Director and President (CEO)Contact:
Hiromitsu Ugawa, Director, Managing Executive Officer, Division Manager, General Administration Headquarters
Tel: +81-42-772-5231
Scheduled date of beginning dividend payment:－
Preparation of supplemental explanatory materials:
Yes
Holding of financial results briefing:
None(Figures are rounded down to the nearest million yen)
1. Consolidated Results for 1st Quarter of the Fiscal Year Ending March 31, 2025 (April 1, 2024 to June 30, 2024)(1) Consolidated Financial Results(Percentages represent change compared to the previous period)
Net income
Net sales
Operating income
Ordinary income
attributable toowners of parent
Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen

%

860

15.0

776

64.0

748

－

473

－

Three months ended
17,8585.9
899
33.9
June 30, 2024
Three months ended
16,86723.4
671－
June 30, 2023
Note: Comprehensive income: Three months ended June 30, 2024
Three months ended June 30, 2023
Net income per
share

Diluted net income
per share

Yen

Yen

13.36

13.34

7.93

7.92

Total assets

Net assets

Three months ended
June 30, 2024
Three months ended
June 30, 2023

1,691 million yen (-32.9%)
2,522 million yen (－%)

(2) Consolidated Financial Position
Millions of yen

As of June 30, 2024
As of March 31, 2024
Reference: Shareholders’ equity

Shareholders’equity ratio

Millions of yen

125,807
126,195
As of June 30, 2024
As of March 31, 2024

Net assets per
share
%

Yen

80,093
63.6
82,32165.2
80,001 million yen
82,230 million yen

1,390.98
1,376.26

2. Cash Dividends
Cash dividends per share
1Q EndYen

2Q End3Q EndYear-end

Total

Yen

Yen

Yen

Yen

Year ended March 31, 2024－－
Year ending March 31, 2025－
Year ending March 31, 2025－
(forecast)
Note: Revision of dividend forecast for this period: None

－

30.00

30.00

－

30.00

30.00

3. Forecasts of Consolidated Results for the Fiscal Year Ending March 31, 2025 (April 1, 2024 to March 31, 2025)(Percentages represent change compared to the previous corresponding period)
Net income
Net
Net sales
Operating income
Ordinary income
attributable to owners incomeof parent
per share
Millions of yen% Millions of yen%

Six months
ending37,000
7.0
2,800
96.1
September
30, 2024
Full year
74,000
1.7
5,700
57.7
Note: Revision of forecasts of consolidated results: None

Millions of yen%

Millions of yen

%

Yen

2,900

98.5

2,100

82.8

36.48

5,800

61.3

4,200

49.6

73.04

Notes
(1) Significant changes in the scope of consolidation during the period: None
(2) Application of special accounting treatment used in preparation of the quarterly consolidated financial statements:
Yes
Note: Please refer to “(Accounting Policies Adopted Specially for the Preparation of Quarterly Consolidated Financial
Statements)” in “(3) Notes to Quarterly Consolidated Financial Statements” on page 8 for details.
(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1. Changes in accounting policies due to revisions of accounting standards: Yes
2. Changes in accounting policies other than “1”: None
3. Changes in accounting estimates: None
4. Retrospective restatement: None
Note: For details, please refer to “(Changes in Accounting Policies)” in “(3) Notes to Quarterly Consolidated Financial
Statements” on page 8 of the attached document.
(4) Number of issued shares (common shares)
1. Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2024
69,448,421 shares
As of March 31, 2024
69,448,421 shares
2. Total number of treasury shares at the end of the period
As of June 30, 2024
11,933,962 shares
As of March 31, 2024
9,699,246 shares
3. Average number of shares outstanding during the period
Three months ended June 30, 2024
58,102,331 shares
Three months ended June 30, 2023
59,716,806 shares

Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public
accountants or an audit corporation: None
Statement for proper use of business forecast and other special remarks:(Note on forward-looking statements)
The above forecasts and those presented in appended material are based on the information presently available.
Actual results may differ from these forecasts due to changes in various factors.

Table of Contents - Attachments
1. Qualitative information on the financial results for the period under review ................................................. 2(1) Operating results ........................................................................................................................................ 2(2) Financial position ....................................................................................................................................... 3(3) Consolidated financial results forecast and other forward-looking information ........................................ 3
2. Consolidated Financial Statements and Principal Notes ................................................................................ 4(1) Consolidated Balance Sheets ..................................................................................................................... 4(2) Consolidated Statements of Income and Comprehensive Income ............................................................. 6
Consolidated Statements of Income ........................................................................................................... 6
Three months ended June 30 .................................................................................................................. 6
Consolidated Statements of Comprehensive Income ................................................................................. 7
Three months ended June 30 .................................................................................................................. 7(3) Notes to Quarterly Consolidated Financial Statements .............................................................................. 8(Notes to Going Concern Assumption) ...................................................................................................... 8(Notes Regarding Remarkable Fluctuation in Shareholders’ Equity) .......................................................... 8(Accounting Policies Adopted Specially for the Preparation of
Quarterly Consolidated Financial Statements) .......................................................................................... 8(Changes in Accounting Policies) ................................................................................................................ 8(Segment Information) ................................................................................................................................. 9(Notes Regarding Consolidated Statement of Cash Flows) ....................................................................... 10(Significant Subsequent Events) ................................................................................................................ 10
3. Supplementary Information .......................................................................................................................... 10
Status of Orders ....................................................................................................................................... 10

1

1. Qualitative information on the financial results for the period under review(1) Operating results
During the three months ended June 30, 2024, the global economy was on a moderate growth trend overall, led by
the robust U.S. economy. However, monetary tightening and the economic slowdown in China have been factors
weighing on overall growth. In addition, geopolitical factors such as the US-China conflict, the Ukraine crisis, andconflicts in the Middle East pose further downside risks.
In the metalforming machinery industry, the Japan Forming Machinery Association reported that orders received
for press during the three months ended June 30, 2024 decreased by 12.5% year on year to ¥37,098 million, primarily
due to a decline in domestic orders.
Under these conditions, orders received by AIDA ENGINEERING, LTD. (the “Company”) and its groupcompanies (collectively, the “Group”) in the three months ended June 30, 2024 were ¥21,997 million (down 3.0%
year on year). While orders for medium and large press (customized machines) increased, this was offset by a decreasein orders for high-speed press for electric vehicles. The order backlog increased to ¥80,844 million (up 5.4% from theend of the previous fiscal year) due to an increase in orders for medium and large press in addition to the impact of
the yen’s depreciation.
Net sales were ¥17,858 million (up 5.9% year on year), mainly due to increased sales of medium and large press(customized machines) and services in addition to the impact of the yen’s depreciation.
In terms of profit, operating income was ¥899 million (up 33.9% year on year), ordinary income was ¥860 million(up 15.0% year on year), and net income attributable to owners of parent was ¥776 million (up 64.0% year on year),due to increased sales, improved gross profit margins, and gains from the sale of strategic shareholdings.
Operating results by segment during the three months ended June 30, 2024 were as follows.
Japan:

China:

Asia:

Americas:

Europe:Net sales were ¥10,716 million (up 25.4% year on year) due to increased sales of medium and largepress (customized machines) and services. Segment income was ¥400 million (compared to asegment loss of ¥118 million in the same period of the previous year) due to increased sales andimproved gross profit margins.
Net sales were ¥1,992 million (down 43.8% year on year) due to decreased sales of press resulting
from delayed sales of high-speed press and other factors. Segment income was ¥47 million (down
76.0% year on year) due to decreased sales.
Net sales were ¥2,601 million (down 10.1% year on year) due to decreased sales of press resulting
from delayed sales of general-purpose press and other factors. Segment income was ¥135 million(down 59.9% year on year) due to decreased sales and deterioration in gross profit margins.
Net sales were ¥5,223 million (up 61.4% year on year) due to increased sales of medium and largepress (customized machines), high-speed press, and services, as well as the impact of the yen’s
depreciation. Segment income was ¥529 million (compared to a segment loss of ¥16 million in thesame period of the previous year) due to increased sales and improved gross profit margins.
Net sales were ¥4,652 million (up 3.8% year on year) due to an increase in sales of services, including
large retrofit projects, and the impact of the yen’s depreciation. Segment income was ¥102 million(up 29.2% year on year).

2(2) Financial position
Total assets as of June 30, 2024 decreased by ¥387 million from the end of the previous fiscal year to ¥125,807
million. This is primarily attributable to a ¥3,005 million decrease in cash and deposits, a ¥2,837 million increase intrade receivables, including notes and accounts receivable - trade, and contract assets and electronically recordedmonetary claims - operating, a ¥1,497 million increase in inventories, a ¥1,266 million decrease in other current assets,
and a ¥675 million decrease in investment securities.
Total liabilities increased by ¥1,840 million from the end of the previous fiscal year to ¥45,714 million. This is
primarily attributable to a ¥705 million decrease in trade payables, including accounts payable - trade andelectronically recorded obligations - operating, and a ¥2,937 million increase in contract liabilities.
Net assets decreased by ¥2,228 million from the end of the previous fiscal year to ¥80,093 million. This is primarily
attributable to a ¥1,147 million decrease in retained earnings due to cash dividends, a ¥1,996 million decrease due tothe purchase of treasury stock, and a ¥1,696 million increase in foreign currency translation adjustment. As a result,shareholders’ equity ratio was 63.6% as of June 30, 2024.
(3) Consolidated financial results forecast and other forward-looking information
The forecasts of consolidated results for the fiscal year ending March 31, 2025, which the Company announced on
May 15, 2024, remain unchanged.

3

2. Consolidated Financial Statements and Principal Notes(1) Consolidated Balance Sheets(Millions of yen)
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsElectronically recorded monetary claims - operating
Finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
LandConstruction in progress
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Insurance funds
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

4

As of June 30, 2024

33,31630,311

19,006

21,416

1,390
5,538
21,078
4,675
5,351
(73)
90,283

1,817
7,007
20,745
5,036
4,084
(77)
90,342

27,404(19,858)
7,545
21,984(16,776)
5,208
7,343
151
4,653
(4,011)642
20,8892,127

27,896(20,261)
7,635
22,734(17,558)
5,176
7,375
154
4,854
(4,182)671
21,012
2,007

11,196
526
677
385
1,829
(1,721)
12,89435,912
126,195

10,521
525
683
442
2,091
(1,819)12,44435,464
125,807

(Millions of yen)
As of March 31, 2024
Liabilities
Current liabilities
Accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Current portion of long-term borrowings
Accounts payable - other
Income taxes payable
Contract liabilities
Provision for product warranties
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Provision for loss on orders received
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Long-term accounts payable - other
Deferred tax liabilities
Provision for share awards
Retirement benefit liability
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Share acquisition rights
Total net assets
Total liabilities and net assets

5

As of June 30, 2024

7,915
3,014
1,469
500
1,124
915
16,177
679
1,069

6,969
3,255
1,551
500
903
532
19,114
731
633

41

19

176
3,796
36,882130
4,478
38,821

1,000
1,095
2,227
744
1,383
9
530
6,991
43,873

1,000
1,207
1,841
758
1,376
9
700
6,893
45,714

7,831
13,02856,092(5,256)
71,695

7,831
13,02854,944(7,253)68,551

5,446
(519)
5,755
(148)
10,53491
82,321
126,195

5,013
(865)
7,451
(148)
11,45091
80,093125,807(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income(Millions of yen)Three months ended
June 30, 2023
16,867
13,743
3,124
2,453
671

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Total extraordinary losses
Income before income taxes
Income taxes
Net income
Net income attributable to owners of parent

6

Three months ended
June 30, 2024
17,85814,397
3,461
2,562
899

31
78
16
126

52
119
11
183

8
31
8
49
748

20
189
12
222
860

8
－
8

3
356
359

1
1
755
282
473
473

0
0
1,220
444
776
776

Consolidated Statements of Comprehensive Income(Millions of yen)Three months ended

Three months ended
June 30, 2023
Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent

7

June 30, 2024
473

776

1,147
(394)
1,302
(6)
2,048
2,522

(433)
(345)
1,696
(0)
915
1,691

2,522

1,691

(3) Notes to Quarterly Consolidated Financial Statements(Notes to Going Concern Assumption)
None(Notes Regarding Remarkable Fluctuation in Shareholders’ Equity)
At the Board of Directors meeting held on March 14, 2024, the Company resolved to repurchase its shares pursuant
to Article 156 of the Companies Act, as applied pursuant to Paragraph 3 of Article 165 of the same act, andsubsequently executed the repurchase. As a result, treasury stock increased by ¥1,999 million during the three months
ended June 30, 2024, and the balance of treasury stock at the end of the three months ended June 30, 2024 was ¥7,253
million.
(Accounting Policies Adopted Specially for the Preparation of Quarterly Consolidated Financial Statements)(Calculation of tax expenses)
The effective tax rate after the application of tax effect accounting to income before income taxes for the current
fiscal year is reasonably estimated. Tax expenses are calculated by multiplying income before income taxes for thequarter by the estimated effective tax rate.
In addition, “income taxes – current” and “income taxes – deferred” are collectively presented as “income taxes.”(Changes in Accounting Policies)(Application of “Accounting Standard for Current Income Taxes” and related guidelines)
The Company has applied the “Accounting Standard for Current Income Taxes” (ASBJ Statement No. 27, October28, 2022; hereinafter “2022 Revised Accounting Standard”) and related guidelines from the beginning of the threemonths ended June 30, 2024.
Regarding the revision related to the classification of income taxes (taxation on other comprehensive income), theCompany has adopted the transitional treatment prescribed in the proviso to Paragraph 20-3 of the 2022 Revised
Accounting Standard and the proviso of Paragraph 65-2, (2) of the “Guidance on Accounting Standard for Tax EffectAccounting” (ASBJ Guidance No. 28, October 28, 2022; hereinafter “2022 Revised Guidance”). This change inaccounting policy has no impact on the quarterly consolidated financial statements.
Furthermore, regarding the revision related to the treatment in consolidated financial statements of deferred gains orlosses for tax purposes arising from the sale of shares in subsidiaries between consolidated companies, the Company
has applied the 2022 Revised Guidance from the beginning of the three months ended June 30, 2024. This change inaccounting policy has been applied retrospectively, and the quarterly consolidated financial statements for eachquarter of the previous fiscal year and the consolidated financial statements for the previous fiscal year have beenadjusted to reflect this retrospective application. However, this change in accounting policy has no impact on thequarterly consolidated financial statements for each quarter of the previous fiscal year and the consolidated financial
statements for the previous fiscal year.

8

(Segment Information)
I. Three months ended June 30, 2023
Information regarding amounts of sales, income or loss and disaggregation of revenue by reportable segment(Millions of yen)
Consolidated
Adjustments
statements(*1)
of income
(*2)

Japan

China

Asia

Americas

EuropeSubtotala. Press

2,575

3,174

1,491

2,638

3,124

13,004－13,004b. Service

1,132

295

519

523

641

3,112

－

3,112

c. Others

735

2

4

－

7

750

－

750

Subtotal

4,442

3,472

2,016

3,162

3,773

16,867－

16,867(2) Inter-segment sales

4,103

71

877

73

709

5,836

(5,836)－

Total sales

8,546

3,544

2,893

3,235

4,482

22,703(5,836)

16,867

(118)
196
338
(16)
79
479
191
Segment income (loss)
Notes:
1. Adjustments of sales represent elimination of inter-segment transactions.
Adjustments of segment income (loss) refer to the adjustment as a result of inter-segment transaction
eliminations.
2. Segment income (loss) is adjusted to operating income of consolidated statements of income.

671

Sales
(1) Sales to third parties

II. Three months ended June 30, 2024
Information regarding amounts of sales, income or loss and disaggregation of revenue by reportable segment(Millions of yen)
Consolidated
Adjustments
statements(*1)
of income
(*2)

Japan

China

Asia

Americas

EuropeSubtotala. Press

3,246

1,372

1,429

4,326

2,779

13,155－

13,155b. Service

1,405

279

503

882

911

3,982

－

3,982

c. Others

691

2

13

－

12

720

－

720

Subtotal

5,343

1,655

1,946

5,209

3,703

17,858－17,858(2) Inter-segment sales

5,372

336

655

13

949

7,327

(7,327)－

Total sales

10,716

1,992

2,601

5,223

4,652

25,186(7,327)

17,858Sales(1) Sales to third parties

400
47
135
529
102
1,215
(316)
Segment income
Notes:
1. Adjustments of sales represent elimination of inter-segment transactions.
Adjustments of segment income refer to the adjustment as a result of inter-segment transaction eliminations.
2. Segment income is adjusted to operating income of consolidated statements of income.

9899

(Notes Regarding Consolidated Statement of Cash Flows)
The Company has not prepared a quarterly consolidated statement of cash flows for the three months ended June 30,2024. The depreciation and amortization expense (including amortization of intangible assets) for the three months
ended June 30, 2024 is as follows:
April 1, 2023 to June 30, 2023
April 1, 2024 to June 30, 2024
Depreciation and amortization¥485 million¥508 million
Note: There was no amortization of goodwill in the three months ended June 30, 2023 and the three months ended
June 30, 2024.

(Significant Subsequent Events)
Cancellation of Repurchased Shares
The Company resolved to cancel its treasury shares at the Board of Directors meeting held on March 14, 2024,
pursuant to Article 178 of the Companies Act, and the cancellation was executed on July 31, 2024.
(1) Class of shares cancelled: Common stock(2) Total number of shares cancelled: 2,243,800 shares(3) Date of cancellation: July 31, 2024

3. Supplementary Information
Status of Orders
Three months ended June 30, 2024

(Millions of yen)OrdersAmountOrder backlog

Comparison with theprevious period (%)

AmountComparison with the endof previous year (%)

Japan

7,596

(12.8)

31,422

7.7

China

2,041

(36.4)

15,190

2.6

Asia

2,164

51.6

5,201

4.4

Americas

6,573

92.1

14,686

10.2

Europe3,621(38.6)

14,343

(0.6)

Total

21,997(3.0)

80,844

5.4

Notes:
1. Inter-segment transactions have been eliminated.
2. Amounts above do not include consumption tax.

10