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Consolidated Financial Results for the 1st Quarterof the Fiscal Year Ended March 31, 2020 [Japanese Standard]August 8, 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 filing quarterly securities report:
August 8, 2019
－Scheduled beginning date of dividend payment:
Preparation of supplemental explanatory materials:
Yes
Holding of quarterly financial results briefing:
None(Figures are rounded down to the nearest million yen)
1. Consolidated Results for 1st Quarter of the Fiscal Year Ended March 31, 2020 (April 1, 2019 to June 30, 2019)(1) Consolidated Financial Results

Net sales
Three months ended June 30, 2019
Three months ended June 30, 2018
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%

16,007(15.1)

1,097(8.8)

1,239

(9.5)

860

(8.7)

18,86219.4

1,203(8.5)

1,369

8.7

942

(3.5)

－ %)
(( -67.8 %)(79) million yen
546 million yen

Three months ended June 30, 2019
Three months ended June 30, 2018

Diluted net income pershare

Net income per share
YenYenThree months ended June 30, 2019

13.94

13.91

Three months ended June 30, 2018

15.28

15.24

(2) Consolidated Financial Position
Total assets

Shareholders' equity ratio

Net assets per share

Millions of yen%

Yen

108,11475,15168.8

1,205.60

111,564

77,20668.5

1,238.41

As of June 30, 2019
As of March 31, 2019
Reference: Shareholders' equity

Net assets

Millions of yen

As of June 30, 2019
As of March 31, 201974,431 million yen
76,453 million yen

2. Cash Dividends
Cash dividends per share
1Q End2Q End3Q EndYen

Yen

Year ended March 31, 2019――Year ended March 31, 2020――

Year ended March 31, 2020 (forecast)Year-end

Total dividends(Annual)

TotalRatio of dividends
to net assets(Consolidated)

Payout ratio(Consolidated)

Yen

Yen

Yen

Millions of yen%%

―

30.00

30.00

2,603

49.5

3.5

1,954

38.7

2.5

―

30.00

30.00

37.8

Note: Revision of dividend forecast for this period: None
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

39,000

(3.3)

3,150

34.9

3,200

20.7

2,300

32.5

37.26

79,000
Full year ended March 31, 2020
Note: Revision of forecasts of consolidated results: None

(6.0)

6,350

14.2

6,500

10.5

4,650

0.3

75.32

Six months ended September 30, 2019

(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
(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 June 30, 2019
71,647,321 shares
As of March 31, 2019
71,647,321 shares
2. Total number of treasury Stock
As of June 30, 2019
9,909,235 shares
As of March 31, 2019
9,912,330 shares
3. Average number of shares
Three months ended June 30, 2019
61,735,348 shares
Three months ended June 30, 2018
61,696,979 sharesThis 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……………………………………………………………………….
66(4) Notes Regarding Remarkable Fluctuation in Shareholders' Equity………………………………………
(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, 2019
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 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, 2019

31,15522,859
2,213
2,761
9,814
3,914
3,906
(231)
76,396

29,797
19,316
3,190
2,727
11,228
3,777
3,926
(218)
73,745

25,102(16,613)
8,488
17,687(10,451)
7,235
7,301
296
3,578
(2,967)610
23,932800

24,918(16,674)
8,243
17,395(10,560)
6,835
7,296
408
3,576(2,996)
579
23,363765

6,808
2,219856
405
178
(32)
10,43535,167
111,564

6,545
2,346
862
349
169
(32)
10,23934,369108,114

(Millions of Yen)
As of March 31, 2019
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
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 adjustmentsTotal accumulated other comprehensive income
Stock options
Non-controlling interests
Total net assets
Total liabilities and net assets

3

As of June 30, 2019

6,806
4,671
2,491
500
1,123
617
8,291
596
1,080
44
56
2,148
28,428

5,950
4,369
2,449
500
1,031
625
8,460
605
565
18
56
2,443
27,076

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

1,000
907
1,905
408
1,380
283
5,886
32,963

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

7,831
12,41554,683(4,229)70,699

3,617
(1)
645
398
4,660
139613
77,206
111,564

3,434
34
(111)
374
3,732
139
580
75,151
108,114(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
Restructuring charges
Interest expenses
Equipment relocation expenses
Other non-operating expenses
Total non-operating expenses
Ordinary income
Extraordinary gain
Gain on sales of fixed assets
Total extraordinary gain
Extraordinary loss
Loss on labor accident
Loss on disposal of fixed assets
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

Three months ended
June 30, 2018
18,862
15,224
3,637
2,433
1,203

(Millions of Yen)
Three months ended
June 30, 2019
16,007
12,640
3,366
2,268
1,097

25
84
73
52
235

2691
42
22182－
948
1269
1,369

28
7－
541
1,239

6
6

00－
12121,363
426
937
(5)
942

24529
1,210362
848
(12)
860

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

5

Three months ended
June 30, 2018
937

(Millions of Yen)
Three months ended
June 30, 2019848(362)
(68)
51
(11)
(391)
546
551
(5)

(183)
36(756)
(23)
(927)
(79)
(67)
(12)

(3) Notes to Going Concern Assumption
None(4) Notes Regarding Remarkable Fluctuation in Shareholders' Equity
None(5) Segment Information
Three months ended June 30, 2018
Japan

China

AsiaAmericas

EuropeSub total

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

Sales
Sales to third parties

7,270

2,464

1,070

4,936

3,120

18,862－

18,862

Inter-segment sales

4,503

266

1,360

36

113

6,280

(6,280)－Total sales

11,774

2,730

2,430

4,973

3,234

25,142(6,280)18,862

Segment profit or loss

468

88344

248

(36)

1,112

91

1,203

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.
Three months ended June 30, 2019
Japan

China

Asia

Americas

EuropeSub total

Adjustments(*1)（Millions of Yen）
Consolidatedstatements ofincome(*2)

Sales
Sales to third parties

7,404

1,426

1,466

3,000

2,707

16,007－

16,007

Inter-segment sales

3,955

171

739

50

100

5,018(5,018)－Total sales

11,360

1,598

2,206

3,051

2,808

21,025(5,018)16,007

Segment profit or loss

769

38

327

111(66)

1,180(82)

1,097

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（Millions of Yen）

Three months ended June 30, 2019
OrdersOrder backlog

Comparison with theprevious period (%)

AmountComparison with theend of previous year (%)

AmountJapan

9,557(22.2)

31,2797.4

China

1,168(68.8)

5,007

(4.9)

Asia

1,343

8.7

2,523

(4.7)

Americas

2,616

1.8

5,807

(6.2)

Europe2,472(47.5)

7,466

(3.1)

17,158(30.1)

52,084

2.3

Total

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

7