(For reference purposes only)
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

Consolidated Financial Results for the Year ended March 31, 2019 [Japanese Standard]
May 14, 2019
Stock exchange: Tokyo (First Section)
Listed company name: Aida Engineering, Ltd.
Stock code:
6118 (URL http://www.aida.co.jp)
Representative:
Kimikazu Aida, Chairman & President (CEO)Contact:
Hiromitsu Ugawa, Managing Executive Officer, Division Manager, General Administration Headquarters
Tel: +81-42-772-5231
Scheduled date of annual general shareholders' meeting:June 26, 2019
Scheduled date of filing annual securities report:
June 26, 2019
Scheduled beginning date of dividend payment:
June 27, 2019
Preparation of supplemental explanatory materials:
Yes
Holding of financial results briefing:
Yes (for analysts and institutional investors)(Figures are rounded down to the nearest million yen)
1. Consolidated Results for the Fiscal Year Ended March 31, 2019 (April 1, 2018 to March 31, 2019)(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%

84,082

13.8

5,561

(11.9)

5,880

(0.8)

4,634

(3.2)

Year ended March 31, 201873,856

9.3

6,312

(4.6)

5,927

(12.5)

4,786

(4.0)

Note: Comprehensive income

Year ended March 31, 2019Year ended March 31, 2018Year ended March 31, 2019

3,237 million yen
7,169 million yen
Diluted net income per
share
Yen

Yen

75.10

74.94

Ratio of ordinary
income to total assets
%
%
6.1
5.2

77.59

77.38

6.6

Net income per share
Year ended March 31, 2019Year ended March 31, 2018

( -54.8 %)( 78.7 %)Return on equity

Ratio of operating
income to net sales
%
6.6

5.4

8.5

Year ended March 31, 2019 － millions of yen
Year ended March 31, 2018 － millions of yen

Reference: Equity in earnings of affiliates(2) Consolidated Financial Position
Total assets

Shareholders' equity ratio

Net assets per share

Millions of yen%

Yen

111,564

77,20668.5

1,238.41

75,92464.8

1,219.02

As of March 31, 2019

116,108

As of March 31, 2018
Reference: Shareholders' equity

Net assets

Millions of yen

As of March 31, 2019
As of March 31, 201876,45375,210

million yen
million yen(3) Consolidated Cash Flow
Operating activities

Investing activities

Cash and cash equivalents at
the end of period

Financing activities

Millions of yen

Millions of yen

Millions of yen

Millions of yen

2,977
12,714(1,805)(3,789)(1,956)(3,668)30,63331,721

Year ended March 31, 2019Year ended March 31, 2018
2. Cash Dividends

Cash dividends per share
1Q EndYear ended March 31, 2018

2Q End3Q EndYear-end

Total dividends(Annual)

Total

Ratio of dividends
to net assets(Consolidated)

Payout ratio(Consolidated)

Yen

Yen

Yen

Yen

Yen

Millions of yen

%

%

-

-

-

30.00

30.00

1,954

38.7

2.5

1,955

39.9

2.4

Year ended March 31, 2019

-

-

-

30.00

30.00

Year ended March 31, 2020 (forecast)

-

-

-

30.00

30.00

39.8

3. Forecasts of Consolidated Results for the Fiscal Year Ended March 31, 2020 (April 1, 2019 to March 31, 2020)（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

Six months ended September 30, 201939,000

(3.3)

3,150

34.9

3,200

20.7

2,300

32.5

37.26

Full year ended March 31, 2020

79,000

(6.0)

6,350

14.2

6,500

10.5

4,650

0.3

75.32

(For reference purposes only)
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
Note: This refers to addition and deletion in specific subsidiaries with changes in the scope of consolidation during the period.
(2) 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
(3) Number of shares outstanding (Common stock)
1. Total number of issued shares (Including treasury stock)
As of March 31, 2019
71,647,321 shares
As of March 31, 2018
73,647,321 shares
2. Total number of treasury Stock
As of March 31, 2019
9,912,330 shares
As of March 31, 2018
11,950,279 shares
3. Average number of sharesYear ended March 31, 2019
61,712,228 sharesYear ended March 31, 2018
61,695,784 shares[Reference] Outline of Non-Consolidated Results
Non-Consolidated Results for the Fiscal Year Ended March 31, 2019 (April 1, 2018 to March 31, 2019)(1) Non-Consolidated Financial Results（Percentages represent change compared to the previous period)
Net salesYear ended March 31, 2019Year ended March 31, 2018

Operating income

Ordinary income

Net income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

44,8123.9

2,630(19.0)

4,126

(7.3)

3,436

(10.9)

43,114

7.0

3,249

(1.7)

4,453

(13.6)

3,855

(5.8)

Diluted net income pershare

Net income per share

Year ended March 31, 2019Year ended March 31, 2018

Yen

Yen

55.68

55.56

62.50

62.33

(2) Non-Consolidated Financial Position
Total assets

Shareholders' equity ratio

Net assets per share

Millions of yen

Millions of yen%

Yen

74,71856,77975.8

917.4776,46956,639 million yen

56,60373.8

915.04As of March 31, 2019
As of March 31, 2018

56,454 million yen

As of March 31, 2019
As of March 31, 2018
Reference: Shareholders' equity

Net assets

This 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.
Financial results briefing for analysts and institutional investors is scheduled to be held on May 28, 2019.
The presentation material will be available on our website after the briefing.

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) Consolidated Statements of Change in Net Assets ………………………………………………………
6(4) Consolidated Statements of Cash Flows………………………………………………………………89(5) Notes to Going Concern Assumption……………………………………………………………………….
(6) Segment Information………………………………………………………………………………….9
2. Supplementary Information
Status of Orders ……………………………………………………………………………………………
10

1

1. Consolidated Financial Statements(1) Consolidated Balance Sheets(Millions of Yen)
As of March 31, 2018
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
Advance payments - trade
Accounts receivable - otherConsumption taxes receivable
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 March 31, 201933,16322,444
2,485
2,312
11,038
4,014
1,155
797
984
219
(226)
78,39031,15522,859
2,213
2,761
9,814
3,914
1,120
1,425
766
595
(231)
76,396

24,664(16,106)
8,558
16,326(9,579)
6,746
7,140
362
3,535
(2,894)641
23,449927

25,102(16,613)
8,488
17,687(10,451)
7,235
7,301
296
3,578
(2,967)610
23,932
800

8,734
2,943
795
708
195
(36)
13,34037,718116,108

6,808
2,219
856
405
178
(32)
10,43535,167
111,564

(Millions of Yen)
As of March 31, 2018
Liabilities
Current 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
Accrued expenses
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 March 31, 2019

7,374
4,600
2,611
500
1,065
1,156
1,075
11,745
717
1,214
52
105
979
33,198

6,806
4,671
2,491
500
1,123
617
1,191
8,291
596
1,080
44
56
956
28,428

1,000
820
3,039
344
1,461
319
6,985
40,184

1,000
817
2,024
401
1,385
300
5,929
34,358

7,831
12,48654,000(5,222)
69,095

7,831
12,41555,777(4,230)71,793

4,930
26
734
423
6,114
148
566
75,924
116,108

3,617
(1)
645
398
4,660
139
613
77,206
111,564(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
Insurance premiums refunded cancellation
Gain from redemption at maturity of endowment insurance
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 change in insurance
Gain on sales of fixed assets
Gain on sales of investment securities
Gain on bargain purchase
Other extraordinary gain
Total extraordinary gain
Extraordinary loss
Loss on sales of fixed assets
Loss on disposal of fixed assets
Other extraordinary loss
Total extraordinary loss
Income before income taxes
Current taxes
Deferred taxes
Income taxes
Net income
Net income attributable to non-controlling interests
Net income attributable to owners of parent

4

Year ended March 31,
201873,85657,926
15,9309,617
6,312(Millions of Yen)
Year ended March 31,
201984,082
68,851
15,230
9,669
5,561

87
145
22
28
146
431

99
197
168
13
140
619

45
549
221
816
5,927

38
155
107
301
5,880

608
71
－
55
0
735

－
24
83
－
－
107

0
23
－
23
6,639
1,813
(2)
1,810
4,828
41
4,786

0
197
4
202
5,785
1,248
(155)
1,092
4,693
58
4,634

Consolidated Statements of Comprehensive Income(Millions of Yen)
Year ended March 31, Year ended March 31,
2018
2019
4,828
4,693

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 (loss)
Comprehensive income
Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

1,169
102
1,036
33
2,340
7,169
7,127
41

5

(1,313)
(27)
(89)
(25)
(1,455)
3,237
3,179
57

(3) Consolidated Statements of Change in Net Assets
Year ended March 31, 2018 (from April 1, 2017 to March 31, 2018)(Millions of Yen)

Shareholders' equity

Balance at the beginning of the period

Common stock

Additional
paid-in capital

Retained earnings

Treasury stock

Total
shareholders'equity7,831

12,42051,817(5,158)66,909Changes during the period
Cash dividends(2,603)

Net income attributable to owners of parent

4,786

Purchase of treasury stock(2,603)
4,786
(106)

(106)

42

108

66

Disposal of treasury stock－

Retirement of treasury stock
Net changes of items other than shareholders' equity
Total changes during the period
Balance at the end of period

－

66

2,183

(64)

2,185

7,831

12,48654,000(5,222)

69,095

Accumulated other comprehensive income

Balance at the beginning of the period

Net unrealized
gains (losses) onother securities

Deferred hedge
gains (losses)

3,761

(75)

Total
Foreign currency
Retirement benefit accumulated othertranslationplans adjustments comprehensive
adjustments
income (loss)

(301)

390

3,774

Stock option151

Non-controllinginterests

Total net assets－

70,834

Changes during the period
Cash dividends(2,603)

Net income attributable to owners of parent

4,786

Purchase of treasury stock(106)

Disposal of treasury stock

108－

Retirement of treasury stock
Net changes of items other than shareholders' equity

1,169

102

1,036

33

2,340

Total changes during the period

1,169

102

Balance at the end of period

4,930

26

1,036

33

2,340

(3)

566

5,089

734

423

6,114

148

566

75,924

6

(3)

566

2,903

Year ended March 31, 2019 (from April 1, 2018 to March 31, 2019)(Millions of Yen)

Shareholders' equity

Balance at the beginning of the period

Common stock

Additional
paid-in capital

Retained earnings

7,831

12,48654,000Treasury stock(5,222)

Total
shareholders'equity69,095

Changes during the period
Cash dividends(1,954)

Net income attributable to owners of parent

4,634(1,954)
4,634

Purchase of treasury stock
Disposal of treasury stock3

Retirement of treasury stock

(74)

(903)

(0)

(0)

14

18

978

－

Net changes of items other than shareholders' equity
Total changes during the period
Balance at the end of period

－

(71)

1,776

992

2,697

7,831

12,41555,777(4,230)71,793

Accumulated other comprehensive income

Balance at the beginning of the period

Net unrealized
gains (losses) onother securities

Deferred hedge
gains (losses)

4,930

26

Foreign currency
Retirement benefit
translationplans adjustments
adjustments

734

423

Total accumulated
othercomprehensive
income (loss)

6,114

Stock option

148

Non-controllinginterests

Total net assets

566

75,924(10)(1,965)

Changes during the period
Cash dividends

4,634

Net income attributable to owners of parent
Purchase of treasury stock(0)

Disposal of treasury stock

18－

Retirement of treasury stock
Net changes of items other than shareholders' equity(1,312)(27)

Total changes during the period(1,312)(27)

Balance at the end of period

3,617

(1)

(89)

7

(25)

(1,454)(8)

57(1,405)

(89)

(25)

(1,454)

(8)

47

1,281

645

398

4,660

139

613

77,206

(4) Consolidated Statements of Cash Flows

Cash flows from operating activities:
Income before income taxes
Depreciation and amortization(Gain) loss on sales of fixed assets
Loss on disposal of fixed assets(Gain) loss on sales of securities
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in accrued bonuses for employees, net
Increase (decrease) in accrued bonuses for directors, net
Increase (decrease) in accrued warranty costs, net
Increase (decrease) in net defined benefit liabilities(Increase) decrease in net defined benefit assets
Increase (decrease) in accrued stock payments, net
Increase (decrease) in provision for loss on orders received, net
Interest and dividend income
Interest expense(Increase) decrease in accounts receivable - trade(Increase) decrease in inventories
Increase (decrease) in accounts payable - trade(Increase) decrease in other assets
Increase (decrease) in other liabilities
Other, net
Sub-totalInterest and dividend income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities:
Payments for purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Payments for purchase of intangible assets
Proceeds from sales of investment securities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of shares of subsidiaries resulting in change in scope of consolidation
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities:
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable
Repayment of long-term loans payable
Payments for finance lease obligations
Proceeds from sales of treasury stock
Payments for purchase of treasury stock
Cash dividends paid
Net cash provided by (used in) financing activities
Effect of exchange rate changes on cash and cash equivalents
Net increase (decrease) increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year

8

Year ended March 31,
2018（Millions of Yen）
Year ended March 31,
2019

6,639
2,061
(71)
23
－
24
134
(0)
(41)
(117)
(14)
66
(121)
(233)
45
5,776
(2,190)
1,531
849
(139)
(349)
13,872233(44)(1,346)
12,714

5,785
2,142
(23)
197
(83)
(0)
(138)
(8)
(116)
(72)
(33)
56
(46)
(297)
38
(4,328)
1,010
(473)
197
659
80
4,545
297
(38)
(1,826)
2,977(1,547)188(89)－(2,987)2,420(1,749)(24)(3,789)(2,733)
(23)
(82)
67
(76)
1,040
－
2
(1,805)(1,172)
－
－
(1)
104
(1)
(2,597)(3,668)891
6,148
25,572
31,721

－
500
(500)
－
10
(0)
(1,965)(1,956)(302)(1,087)31,721
30,633

(5) Notes to Going Concern Assumption
None(6) Segment Information
1.Overview of Reportable Segments
The reportable segments are components for which discrete financial information is available and whose operating results are regularly reviewed bymanagement to make decisions about resource allocation and to assess performance.
The Companies operate within a single business related to the manufacture and sale of press machines and their ancillary facilities, and auxiliary
business such as services. The Company plays a key role for the domestic business. As for the overseas business, each local company including
China(China and Hong Kong), Asia (Singapore and Malaysia), Americas (U.S.A.) and Europe (Italy) plays an important role. Each foreignsubsidiary is a single business entity, planning comprehensive business strategies for products and conducting business activities in each area.
Accordingly, the Companies consist of geographic segments which have the fundamental function of manufacturing, sales and service. Reportablesegments are categorized into “Japan”, “China”, “Asia”, “Americas” and “Europe.”
2. Basis for calculating sales, profit or loss, assets, and other items by reportable segments
Operating income is used as reportable segment income. Inter-segment sales and transfer prices are based on fair value.
3. Information regarding amounts of sales, profit, assets, and other items by reportable segments
Year ended March 31, 2018
Japan

China

Asia

Americas

EuropeSub total

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

Sales
Sales to third parties

28,780

8,787

4,245

18,38013,66373,856－73,856

Inter-segment sales

17,569

666

4,557

445

1,005

24,244(24,244)－

Total sales

46,349

9,453

8,803

18,825

14,66998,101(24,244)

73,856

Segment profit

3,462

224

1,595

1,196

127

6,607

(294)

6,312

Segment assets

84,29013,408

10,148

10,823

17,316135,985(19,876)

116,108

Depreciation
973
341
254
207
287
2,063
Increase in property, plant,
364
1,342
217
168
340
2,434
equipment and intangible
Note:
1. Adjustments of sales represent elimination of inter-segment transactions.
Adjustments of segment profit refer to inter-segment transaction eliminations.
Adjustments of segment assets represent elimination between inter-segment receivables and payables.
2. Segment profit is adjusted to operating income of consolidated statements of income.

(1)

2,061

－

2,434

OthersYear ended March 31, 2019
Japan

China

Asia

Americas

EuropeSub total

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

Sales
Sales to third parties

34,833

13,125

4,923

16,14015,05984,082－

84,082

Inter-segment sales

16,429

784

4,726

485

426

22,851(22,851)－

Total sales

51,263

13,9099,649

16,625

15,485

106,933(22,851)

84,082

Segment profit

2,431

723

1,398

693

4

5,251

310

5,561

Segment assets

81,842

12,055

10,5889,126

15,361

128,973(17,409)111,564

Depreciation
1,034
355
263
208
282
2,143
Increase in property, plant,
2,364
50
103
247
101
2,867
equipment and intangible
Note:
1. Adjustments of sales represent elimination of inter-segment transactions.
Adjustments of segment profit refer to inter-segment transaction eliminations.
Adjustments of segment assets represent elimination between inter-segment receivables and payables.
2. Segment profit is adjusted to operating income of consolidated statements of income.

(1)

2,142

－

2,867

Others4. Changes in the reportable segment classification method
Effective from the beginning of the fiscal year ended March 31, 2019, the reportable segment classification method has been revised
in line with the internal control of group companies.
The business in China and Hong Kong, which was previously included in the Asia segment, is now included in the China segment (new segment).
Accordingly the Asia segment includes the business in Asia excluding Japan, China and Hong Kong.
The segment information for the previous period has been restated in line with the new method of classification.

92. Supplementary Information
Status of Orders
Orders and Order Backlog
Year ended March 31, 2019

（Millions of Yen）
OrdersOrder backlog

Comparison with theprevious period (%)

AmountComparison with theend of previous year (%)

AmountJapan

39,53817.7

29,126

19.3

China

7,801

(37.1)

5,265(50.3)

Asia

5,158

1.2

2,646

9.8

Americas11,130(36.9)

6,192(44.7)

Europe12,064(16.2)

7,702(28.0)

75,694(9.0)

50,932(14.1)

Total

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

10