(For reference purposes only)
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Consolidated Financial Results for the 1st Quarterof the Fiscal Year Ended March 31, 2022 [Japanese Standard]August 6, 2021
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 Headquarters
Tel: +81-42-772-5231
Scheduled date of filing quarterly securities report:
August 6, 2021－
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 1st Quarter of the Fiscal Year Ended March 31, 2022 (April 1, 2021 to June 30, 2021)(1) Consolidated Financial Results

Net sales
Three months ended June 30, 2021
Three months ended June 30, 2020
Note: Comprehensive income（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%

13,079

23.9

270

50.7

380

64.0

226

－

10,559(34.0)

179(83.7)

231(81.3)(140)－

Three months ended June 30, 2021
Three months ended June 30, 2020

617 million yen
458 million yen((34.5 %)－ %)Diluted net income pershare

Net income per share
YenYenThree months ended June 30, 2021

3.79

3.79

Three months ended June 30, 2020

(2.36)－(2) Consolidated Financial Position
Total assets

Shareholders' equity ratio

Net assets per share

Millions of yen%

Yen

107,994

76,75470.4

1,273.28

77,50571.2

1,285.38

As of June 30, 2021

107,787

As of March 31, 2021
Reference: Shareholders' equity

Net assets

Millions of yen

As of June 30, 2021
As of March 31, 2021

76,008 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

31,000

20.3

2,200

42.5

2,300

42.0

1,500

96.4

25.13

62,000Full year ended March 31, 2022
Note: Revision of forecasts of consolidated results: None

6.74,500

20.9

4,600

22.7

3,000127.9

50.26

Six months ended September 30, 2021

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 June 30, 2021
69,448,421
As of March 31, 2021
69,448,421
2. Total number of treasury stock
As of June 30, 2021
9,753,519
As of March 31, 2021
9,753,258
3. Average number of shares
Three months ended June 30, 2021
59,695,051
Three months ended June 30, 2020
59,555,570

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 - operating
Finished 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 June 30, 2021

31,70519,032
－
2,793
3,237
10,751
3,601
2,468
(933)
72,656

31,575－
16,582
2,196
3,314
13,256
3,330
3,092
(941)
72,40725,045(17,653)
7,392
17,400(12,421)
4,978
7,236
1,258
3,697
(3,213)483
21,350779

25,122(17,819)
7,302
17,449(12,681)
4,767
7,233
1,450
3,752(3,274)
477
21,231
777

9,843
1,922
868
249
154
(38)
13,00035,130
107,787

10,320
2,042
876
217
159
(38)
13,57835,587
107,994(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 payableLong-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 June 30, 2021

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

5,089
2,480
1,711
950
294
－
9,964
509
678
21
67
2,410
24,177

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

1,500
972
2,416
489
1,390
10
283
7,063
31,2407,831
12,42355,963(4,838)71,3797,831
12,42354,841(4,838)70,256

4,869
(139)
410
210
5,351
91
683
77,505
107,7875,199(96)
453
195
5,751
91
654
76,754
107,994

(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
Foreign exchange gain
Other non-operating income
Total non-operating income
Non-operating expense
Interest expenses
Foreign exchange loss
Restructuring charges
Fines
Other non-operating expenses
Total non-operating expenses
Ordinary income
Extraordinary gain
Gain on sales of fixed assetsSubsidy income related to suspension or decrease of production
Total extraordinary gain
Extraordinary loss
Loss on sales of fixed assets
Loss on disposal of fixed assets
Loss on suspension or decrease of production
Total extraordinary loss
Income before income taxes
Income taxes
Net income (loss)
Net income (loss) attributable to non-controlling interests
Net income (loss) attributable to owners of parent

4

Three months ended
June 30, 2020
10,559
8,490
2,068
1,889
179

(Millions of Yen)
Three months ended
June 30, 2021
13,07910,7042,375
2,1042701281－15109

1097
117127925－－
21572315－45217380

0
164
165

25700380
380
16155(138)1(140)－
51520367
149
217(8)
226

Consolidated Statements of Comprehensive Income

Net income (loss)
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

5Three months ended
June 30, 2020
(138)

(Millions of Yen)
Three months ended
June 30, 2021
217602(45)55(14)
597
458
457
1329
4243(15)399
617625(8)

(3) Notes to Going Concern Assumption
None(4) Notes Regarding Remarkable Fluctuation in Shareholders' Equity
None(5) 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, in the first quarter of the current fiscal year, net sales and cost of sales decreased by 85 million yen and 70 million yen respectively,
while operating income, ordinary income, and income before income taxes decreased by 14 million yen each.
(6) Segment Information
Three months ended June 30, 2020
Japan

ChinaAsiaAmericas

EuropeSub totalAdjustments(*1)（Millions of Yen）
Consolidated
statements ofincome(*2)

Sales
Sales to third parties

5,614

1,248

867

1,796

1,032

10,559－Inter-segment sales

2,605

152

536

20

10

3,324

(3,324)－Total sales

8,219

1,401

1,403

1,816

1,043

13,884(3,324)

10,559Segment profit or loss
264
46
1054(115)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.

261

(81)

179

Three months ended June 30, 2021
Japan

China

Asia

Americas

EuropeSub total

Adjustments(*1)

10,559（Millions of Yen）
Consolidated
statements ofincome(*2)

Sales
Sales to third parties
Press Machines

2,625

1,406

269

2,238

2,605

9,144

－

9,144

Service

1,432

395

281

617

376

3,104－

3,104

Others800

42－22830－830

Subtotal

4,859

1,806

553

2,856

3,004

13,079－13,079Inter-segment sales

3,099

109

677

29

22

3,938(3,938)－Total sales

7,958

1,915

1,231

2,885

3,027

17,017(3,938)13,079Segment profit or loss
89
187
66
(42)
45345(75)270
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.
3. Due to the adoption of the Revenue Recognition Accounting Standard, in the first quarter of the current fiscal year, net sales of Japan increased by38 million yen, net sales of Europe decreased by 124 million yen, segment profit of Japan increased by 13 million yen, and segment profit of Europe
decreased by 27 million yen compared with the previous method.

6

2. Supplementary Information
Status of Orders
Three months ended June 30, 2021

（Millions of Yen）
OrdersOrder backlog

Comparison with theprevious period (%)

AmountComparison with theend of previous year (%)

Amount

Japan

8,108

82.0

17,150

23.4

China

4,413

100.7

9,026

40.6

Asia

2,318

227.7

3,587

96.8

Americas

2,915

296.0

6,970

0.9

Europe

2,810

210.5

10,003

(1.9)

Total

20,566

128.4

46,73919.1

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