(For reference purposes only)
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Consolidated Financial Results for the 3rd Quarterof the Fiscal Year Ended March 31, 2021 [Japanese Standard]
February 9, 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 HeadquartersTel: +81-42-772-5231
Scheduled date of filing quarterly securities report:
February 9, 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 the 3rd Quarter of the Fiscal Year Ended March 31, 2021 (April 1, 2020 to December 31, 2020)(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, 2020

39,237(22.8)

2,435(43.6)

2,443(44.1)

1,228(59.4)

Nine months ended December 31, 201950,809(17.1)

4,314

15.9

4,371

6.4

3,024

8.6

Note: Comprehensive income

Nine months ended December 31, 2020 3,315 million yen
Nine months ended December 31, 2019 2,587 million yen( 28.2 %)( 166.7 %)Diluted net income pershare

Net income per share
YenYenNine months ended December 31, 2020

20.59

20.56

Nine months ended December 31, 2019

50.12

50.02

(2) Consolidated Financial Position
Total assets

Shareholders' equity ratio

Net assets per share

Millions of yen%Yen

106,455

76,28070.9

1,265.36

74,84071.1

1,243.15

As of December 31, 2020

104,114

As of March 31, 2020
Reference: Shareholders' equity

Net assets

Millions of yen

As of December 31, 2020
As of March 31, 2020

75,523 million yen
74,031 million yen

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

TotalYenYenYenYen

Yen

Year ended March 31, 2020

―――

30.00

30.00

Year ended March 31, 2021

―――
20.00

20.00

Year ended March 31, 2021 (forecast)
Note: Revision of dividend forecast for this period: None

3. Forecasts of Consolidated Results for the Fiscal Year Ended March 31, 2021 (April 1, 2020 to March 31, 2021)（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%

Yen59,000Full year ended March 31, 2021
Note: Revision of forecasts of consolidated results: None(14.7)

3,300(46.5)

3,400(47.1)

2,100(47.8)

35.22

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: Yes
Out: 1 (Company Name: ACCESS, LTD.)(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: None
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, 2020
69,448,421
As of March 31, 2020
69,448,421
2. Total number of treasury stock
As of December 31, 2020
9,762,565
As of March 31, 2020
9,896,566
3. Average number of shares
Nine months ended December 31, 2020
59,640,947
Nine months ended December 31, 201960,347,835

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) 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, 2020
AssetsCurrent assets
Cash on hand and at banks
Notes and accounts receivable - trade
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 assetsProperty, 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, 2020

28,723
20,3782,748
2,618
10,662
3,557
3,102(223)
71,56831,353
16,5592,463
4,187
11,575
3,624
2,011
(249)
71,52525,001(16,957)
8,044
17,095(11,099)
5,996
7,283
377
3,638
(3,077)561
22,263743

25,150(17,462)
7,688
17,302(11,895)
5,406
7,296
466
3,672(3,190)
482
21,339
759

5,944
2,324
814
331
156
(32)
9,539
32,546104,114

9,620
1,925
837
308
170
(32)
12,831
34,930106,455

(Millions of Yen)
As of March 31, 2020
LiabilitiesCurrent liabilities
Accounts payable - trade
Electronically recorded monetary obligations - operating
Short-term loans payable
Current portion of long-term loans payable
Accounts payable - other
Income taxes payable
Advances received
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
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 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, 2020

4,733
3,3692,991
500
707
1,681
6,134
583
1,129
49
170
1,773
23,823

4,797
2,969
1,904
－
1,048
828
8,855
490
609
18
136
1,817
23,476

1,000
883
1,445
463
1,387
271
5,450
29,273

1,500
911
2,130
472
1,405
278
6,698
30,175

7,831
12,41556,536(4,917)
71,864

7,831
12,42355,874(4,840)71,288

2,638
47
(773)
253
2,166
139
669
74,840104,114

4,699
(33)
(640)
209
4,235
91
665
76,280106,455

(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of IncomeNet 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
Restructuring charges
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 labor accident
Loss on suspension or decrease of production
Loss on valuation of investment securities
Other extraordinary loss
Total extraordinary loss
Income before income taxes
Income taxes
Net income
Net income attributable to non-controlling interests
Net income attributable to owners of parent

4

Nine months ended
December 31, 201950,80939,802
11,006
6,691
4,314(Millions of Yen)
Nine months ended
December 31, 2020
39,23730,930
8,306
5,871
2,435

74
158
93326

32
149
81263

21
131
71
45
269
4,371

28
197－30256
2,4433－38425
2450251－
2226－
－
049
4,364
1,308
3,056
32
3,024

027－
41851－
497
2,196
949
1,247
191,228

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

5Nine months endedDecember 31, 2019
3,056

(Millions of Yen)
Nine months ended
December 31, 2020
1,247

69
7(475)
(71)
(469)
2,587
2,554
32

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

(3) Notes to Going Concern Assumption
None(4) Notes Regarding Remarkable Fluctuation in Shareholders' Equity
None(5) Segment Information
Nine months ended December 31, 2019
Japan

ChinaAsia

Americas

EuropeSub total

Adjustments(*1)（Millions of Yen）
Consolidated
statements ofincome(*2)

Sales
Sales to third parties

25,661

4,724

3,862

8,194

8,366

50,809－50,809Inter-segment sales

9,812

396

2,657

245

232

13,343(13,343)－Total sales

35,474

5,120

6,520

8,439

8,599

64,153(13,343)

50,809Segment profit or loss

3,252

153

862

368

(67)

4,569

(254)

4,314

Sub total

Adjustments
(*1)

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.
Nine months ended December 31, 2020
JapanChinaAsia

Americas

Europe（Millions of Yen）
Consolidated
statements ofincome(*2)

Sales
Sales to third parties

19,758

3,200

3,469

7,019

5,789

39,237－39,237

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)2,725(289)

2,435

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.

62. Supplementary Information
Status of Orders
Nine months ended December 31, 2020

（Millions of Yen）
OrdersOrder backlog

Comparison with theprevious period (%)

AmountComparison with theend of previous year (%)

AmountJapan

13,869(37.8)

15,128(28.0)

China

5,162

24.5

7,220

37.3

Asia

2,029

(56.8)

1,640(46.7)

Americas

8,599

10.6

7,642

26.1

Europe

7,556

(8.1)

10,449

20.4

Total

37,217(21.1)

42,080

(4.6)

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

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