(For reference purposes only)
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Consolidated Financial Results for the 3rd Quarterof the Fiscal Year Ended March 31, 2022 [Japanese Standard]
February 8, 2022
Stock exchange: Tokyo (First Section)
Listed company name: Aida Engineering, Ltd.
Stock code:
6118 (URL https://www.aida.co.jp/en/)
Representative:
Kimikazu Aida, Chairman & President (CEO)Contact:
Hiromitsu Ugawa, Director, Operating Officer, Division Manager, General Administration HeadquartersTel: +81-42-772-5231
Scheduled date of filing quarterly securities report:
February 8, 2022
－Scheduled beginning date of dividend payment:
Preparation of supplemental explanatory materials:
Yes
None
Holding of quarterly financial results briefing:(Figures are rounded down to the nearest million yen)
1. Consolidated Results for 3rd Quarter of the Fiscal Year Ended March 31, 2022 (April 1, 2021 to December 31, 2021)(1) Consolidated Financial Results

Net sales（Percentages represent change compared to the previous period)
Net income attributable toOrdinary income
owners of parent

Operating income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Nine months ended December 31, 2021

44,102

12.4

1,399(42.5)

1,525(37.6)

859(30.0)

Nine months ended December 31, 2020

39,237(22.8)

2,435(43.6)

2,443(44.1)

1,228(59.4)

Note: Comprehensive income

Nine months ended December 31, 2021 2,105 million yen
Nine months ended December 31, 2020 3,315 million yen( -36.5 %)( 28.2 %)Diluted net income pershare

Net income per share
Yen

Yen

Nine months ended December 31, 2021

14.40

14.37

Nine months ended December 31, 2020

20.59

20.56

(2) Consolidated Financial Position
Total assets

Shareholders' equity ratio

Net assets per share

Millions of yen

Millions of yen%

Yen

113,952

78,24268.0

1,298.20

77,50571.2

1,285.38

As of December 31, 2021

107,787

As of March 31, 2021
Reference: Shareholders' equity

Net assets

As of December 31, 2021
As of March 31, 2021

77,497 million yen
76,731 million yen

2. Cash Dividends
Cash dividends per share
1Q End2Q End3Q EndYear-endTotalYen

Yen

Yen

Yen

Yen

Year ended March 31, 2021

―――

20.00

20.00

Year ended March 31, 2022

―――
25.00

25.00

Year ended March 31, 2022 (forecast)
Note: Revision of dividend forecast for this period: None

3. Forecasts of Consolidated Results for the Fiscal Year Ended March 31, 2022 (April 1, 2021 to March 31, 2022)（Percentages represent change compared to the previous period)
Net sales

Operating income

Net income attributable
Net income per shareto owners of parent

Ordinary income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

63,000
Full year ended March 31, 2022
Note: Revision of forecasts of consolidated results: Yes

8.4

3,000(19.4)

3,100(17.3)

1,900

44.3

31.83

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41
4. Others(1) Changes among significant subsidiaries during the period: None
(2) Adoption of special accounting treatment for quarter financial report: Yes
Note: This refers to whether these above were used for preparing quarterly consolidated financial statements.
(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
(4) Number of shares outstanding (Common stock)
1. Total number of issued shares (Including treasury stock)
As of December 31, 2021
69,448,421
As of March 31, 2021
69,448,421
2. Total number of treasury stock
As of December 31, 2021
9,751,990
As of March 31, 2021
9,753,258
3. Average number of shares
Nine months ended December 31, 2021
59,695,129
Nine months ended December 31, 2020
59,640,947

sharessharessharessharessharessharesThis financial results falls outside the scope of audit procedures.
Statement for proper use of business forecast and other special remarks:
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

1. Consolidated Financial Statements(1) Consolidated Balance Sheets……………………………………………………………………………………………
2(2) Consolidated Statements of Income and Comprehensive Income……………………………………………………
4
Consolidated Statements of Income………………………………………………………………………
4

Consolidated Statements of Comprehensive Income…………………………………………………………………
5(3) Notes to Going Concern Assumption……………………………………………………………………….
6(4) Notes Regarding Remarkable Fluctuation in Shareholders' Equity………………………………………
6(5) Changes in Accounting Policies………………………………………………………………………………….
6(6) Segment Information………………………………………………………………………………….6
2. Supplementary Information
Status of Orders ……………………………………………………………………………………………
71

1. Consolidated Financial Statements(1) Consolidated Balance Sheets(Millions of Yen)
As of March 31, 2021
AssetsCurrent assets
Cash on hand and at banks
Notes and accounts receivable - trade
Notes and accounts receivable - trade and contract assets
Electronically recorded monetary claims - operatingFinished goods
Work in process
Raw materials and supplies
Other current assets
Allowance for doubtful accounts
Total current assets
Fixed assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery and vehicles
Accumulated depreciation
Machinery and vehicles, net
LandConstruction in progress
Other fixed assets
Accumulated depreciation
Other fixed assets, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Insurance reserve fundNet defined benefit assets
Deferred tax assets
Other assets
Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets

2

As of December 31, 2021

31,70519,032
－
2,793
3,237
10,751
3,601
2,468
(933)
72,65635,653－
16,115
2,109
4,319
13,374
4,129
3,364
(978)
78,08725,045(17,653)
7,392
17,400(12,421)
4,978
7,236
1,258
3,697
(3,213)483
21,350779

25,566(18,149)
7,416
17,853(13,276)
4,576
7,236
1,435
3,828
(3,352)475
21,141
836

9,843
1,922
868
249154(38)
13,00035,130107,787

10,744
1,896
891
221
166
(33)
13,88735,864113,952

(Millions of Yen)
As of March 31, 2021
Liabilities
Current liabilities
Accounts payable - trade
Electronically recorded monetary obligations - operating
Short-term loans payable
Accounts payable - other
Income taxes payable
Advances received
Contract liabilities
Accrued warranty costs
Accrued bonuses for employees
Accrued bonuses for directors
Provision for loss on orders received
Other current liabilities
Total current liabilities
Long-term liabilities
Long-term loans payable
Long-term accounts payable - other
Deferred tax liabilities
Accrued stock payments
Net defined benefit liabilities
Asset retirement obligations
Other long-term liabilities
Total long-term liabilities
Total liabilities
Net assets
Shareholders' equity
Common stock
Additional paid-in capital
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income
Net unrealized gains (losses) on other securities
Deferred hedge gains (losses)
Foreign currency translation adjustments
Retirement benefit plan adjustments
Total accumulated other comprehensive income
Stock options
Non-controlling interests
Total net assets
Total liabilities and net assets

3

As of December 31, 2021

5,004
2,500
1,297
1,114
1,070
8,207
－
471
1,090
36
113
2,472
23,378

6,207
3,413
1,044
1,259
147
－
12,775
490
668
7
204
2,179
28,398

1,500
904
2,334
480
1,390
10
281
6,902
30,281

1,500
944
2,603
523
1,431
9
298
7,311
35,7097,831
12,42355,963(4,838)71,3797,831
12,42355,474(4,838)70,889

4,869
(139)
410
210
5,35191683
77,505
107,787

5,477
(143)
1,113
159
6,608
91
652
78,242
113,952

(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Other non-operating income
Total non-operating income
Non-operating expense
Interest expenses
Foreign exchange loss
Other non-operating expenses
Total non-operating expenses
Ordinary income
Extraordinary gain
Gain on sales of fixed assets
Subsidy income related to suspension or decrease of production
Other extraordinary gain
Total extraordinary gain
Extraordinary loss
Loss on sales of fixed assets
Loss on disposal of fixed assets
Loss on suspension or decrease of production
Loss on valuation of investment securities
Total extraordinary loss
Income before income taxes
Income taxes
Net income
Net income (loss) attributable to non-controlling interests
Net income attributable to owners of parent

4

Nine months ended
December 31, 2020
39,23730,930
8,306
5,871
2,435

(Millions of Yen)
Nine months ended
December 31, 2021
44,10236,402
7,699
6,300
1,399

32
149
81263

29163
61
254

28
197
30
256
2,443

1773
38
129
1,525

5245
0251

1222－
34027
418
51
497
2,196
949
1,247
19
1,228－
55
106－
162
1,397
548
849
(10)
859

Consolidated Statements of Comprehensive Income

Net income
Other comprehensive income
Net unrealized gains (losses) on other securities
Deferred hedge gains (losses)
Foreign currency translation adjustments
Retirement benefit plan adjustments
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

5

Nine months ended
December 31, 2020
1,247

(Millions of Yen)
Nine months ended
December 31, 2021
849

2,061
(81)
132(44)
2,068
3,315
3,296
19

607
(4)
703
(51)
1,255
2,105
2,115
(10)

(4) Notes to Going Concern Assumption
None(5) Notes Regarding Remarkable Fluctuation in Shareholders' Equity
None(6) Changes in Accounting Policies
The "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) (hereinafter, the "Revenue Recognition AccountingStandard") and other related guidance have been adopted since the beginning of the first quarter of the current fiscal year.
The adoption of the Revenue Recognition Accounting Standard follows the transitional treatment in the proviso to paragraph 84 of the standard.
Accordingly, the cumulative effect of retroactively adopting the new accounting policy prior to the beginning of the first quarter has been adjusted andthe new accounting policy has been adopted the balance of retained earnings from the beginning of the period.
As a result, for the third quarter of the current fiscal year, net sales and cost of sales increased by 247 million yen and 186 million yen respectively,
while operating income, ordinary income, and income before income taxes increased by 60 million yen each. Also, the balance of retained earnings
and non-controlling interests at the beginning of the current fiscal year decreased by 85 million yen and 14 million yen, respectively.
(7) Segment Information
Nine months ended December 31, 2020
Japan

ChinaAsia

Americas

Sub total

Adjustments
(*1)

5,789

39,237－Europe（Millions of Yen）
Consolidated
statements ofincome(*2)

Sales
Sales to third parties

19,758

3,200

3,469

7,019

39,237

Inter-segment sales

9,326

955

1,501

170

112

12,066(12,066)－Total sales

29,085

4,156

4,971

7,189

5,901

51,304(12,066)

39,237

Segment profit or loss
2,070
41
387
334
(107)
Note:
1. Adjustments of sales represent elimination of inter-segment transactions.
Adjustments of segment profit or loss refer to inter-segment transaction eliminations.
2. Segment profit or loss is adjusted to operating income of consolidated statements of income.

2,725

(289)

2,435

Nine months ended December 31, 2021
Japan

China

Asia

Americas

EuropeSub total

Adjustments(*1)（Millions of Yen）
Consolidated
statements ofincome(*2)Sales(1) Sales to third parties①Press Machines

10,359

5,013

1,453

7,626

6,806

31,260－31,260②Service

3,860

1,324

1,014

1,864

1,935

9,999

－

9,999

③Others

2,739

46

10－

46

2,843

－

2,843

16,959

6,384

2,478

9,491

8,788

44,102－

44,102

9,906

274

2,400

104

253

12,939(12,939)－

26,866

6,658

4,879

9,596

9,041

57,042(12,939)

44,102

Segment profit259
506
392108Note:
1. Adjustments of sales represent elimination of inter-segment transactions.
Adjustments of segment profit refer to inter-segment transaction eliminations.
2. Segment profit is adjusted to operating income of consolidated statements of income.

100

1,367

32

1,399

Subtotal(2) Inter-segment sales
Total sales

Changes in the reportable segment by the adoption of the Revenue Recognition Accounting Standard
Due to the adoption of the Revenue Recognition Accounting Standard, compared with the previous method, net sales of Japan increased
by 70 million yen, net sales of Europe increased by 176 million yen, segment profit of Japan increased by 52 million yen,and segment profit of Europe increased by 7 million yen for the third quarter of the current fiscal year.

62. Supplementary Information
Status of Orders（Millions of Yen）

Nine months ended December 31, 2021
OrdersOrder backlog

Comparison with theprevious period (%)

AmountComparison with theend of previous year (%)

AmountJapan

22,653

63.3

19,594

41.0

China

9,700

87.9

9,735

51.7

Asia

4,596

126.5

3,941

116.2

Americas15,18276.5

12,601

82.3

Europe

8,564

13.3

9,974

(2.2)

Total

60,69763.1

55,84742.3

Note:
1. Inter-segment transactions have been eliminated.
2. Amounts above do not include consumption tax.
3. The effect of the adoption of the Revenue Recognition Accounting Standard was added to the order backlog at the endof the previous fiscal year.

7