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Consolidated Financial Results for the 3rd Quarterof the Fiscal Year Ended March 31, 2019 [Japanese Standard]
February 12, 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:
February 12, 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 3rd Quarter of the Fiscal Year Ended March 31, 2019 (April 1, 2018 to December 31, 2018)(1) Consolidated Financial Results

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

Operating income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Nine months ended December 31, 201861,257

20.7

3,723

(10.1)

4,109

2.3

2,783

3.2

Nine months ended December 31, 2017

50,763

6.5

4,141

(8.6)

4,016

(16.2)

2,696(20.9)

Note: Comprehensive income

Nine months ended December 31, 2018
Nine months ended December 31, 2017

970 million yen
5,509 million yen

Diluted net income pershare( -82.4 %)( 105.9 %)YenYenNine months ended December 31, 2018

45.11

45.01Ratio of ordinary
income to total assets
%%
6.6
5.4

Nine months ended December 31, 2017

43.71

43.60

7.2

Net income per share

Return on equity

Ratio of operating
income to net sales
%
8.5

6.7

9.8

(2) Consolidated Financial Position
Net assets

Total assets

Net assets per share

Millions of yen

Millions of yen%

Yen

113,387

74,93465.5

1,202.74

116,108

75,92464.8

1,219.02

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

Shareholders' equity ratio

As of December 31, 2018
As of March 31, 2018

74,232 million yen
75,210 million yen

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

Total dividends(Annual)

TotalRatio of dividends
to net assets(Consolidated)

Payout ratio(Consolidated)

Yen

Yen

Yen

Yen

Yen

Millions of yen%%

Year ended March 31, 2018

―

―

―

30.00

30.00

2,603

49.5

3.5

Year ended March 31, 2019

――

―

1,954

38.7

2.5

30.00

30.00

Year ended March 31, 2019 (forecast)

37.8

Note: Revision of dividend forecast for this period: None
3. Forecasts of Consolidated Results for the Fiscal Year Ended March 31, 2019 (April 1, 2018 to March 31, 2019)（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

80,000
Full year ended March 31, 2019
Note: Revision of forecasts of consolidated results: Yes

8.3

6,050

(4.2)

6,600

11.3

4,900

2.4

79.40

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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) 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. Common stock (Treasury stock included)
As of December 31, 2018
As of March 31, 2018
2. Treasury Stock
As of December 31, 2018
As of March 31, 2018
3. Average number of shares outstanding
Nine months ended December 31, 2018
Nine months ended December 31, 2017

73,647,321 shares
73,647,321 shares
11,927,927 shares
11,950,279 shares61,707,164 shares
61,695,351 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, 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
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, 201833,16322,444
2,485
2,312
11,038
4,014
3,158
(226)
78,39030,20023,4602,225
3,392
11,805
3,972
3,658
(212)
78,504

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

24,995(16,451)
8,543
17,287(10,221)
7,065
7,064
473
3,514
(2,952)562
23,709
805

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

6,732
2,239
819
424
184
(32)
10,36734,883
113,387(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 payableAdvances 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
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, 2018

7,374
4,600
2,611
500
1,065
1,156
11,745
717
1,214
52
105
2,055
33,198

7,379
5,478
2,537
500
1,595
409
10,284
656
639
24
129
2,195
31,831

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

1,000
827
2,682
398
1,416
297
6,621
38,453

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

7,831
12,48954,829(5,213)69,937

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

3,530
31
343
389
4,294
139
562
74,934
113,387

(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
Gain from redemption at maturity of endowment insurance
Insurance premiums refunded cancellation
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
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
Income taxes
Net income
Net income attributable to non-controlling interests
Net income attributable to owners of parent

4

Nine months ended
December 31, 2017
50,76339,663
11,0996,957
4,141(Millions of Yen)
Nine months ended
December 31, 201861,25750,378
10,878
7,154
3,723

62
115
28
19
99
325

73
147
13
167
114
516

31
299
119
450
4,016

27
36
66
130
4,109

3
28
0
31

17－－
170
14－
14
4,033
1,336
2,696
－
2,696

0
184
4
189
3,938
1,147
2,790
72,783

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, 2017
2,696

(Millions of Yen)
Nine months ended
December 31, 2018
2,790

1,238
(135)
1,710
(1)
2,812
5,509
5,509
－(1,400)
5(391)(33)(1,820)970
963
6

(3) Notes to Going Concern Assumption
None(4) Notes Regarding Remarkable Fluctuation in Shareholders' EquityNone(5) Segment Information
Nine months ended December 31, 2017
Japan

ChinaAsiaAmericas

EuropeSub total

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

Sales
Sales to third parties

18,698

6,586

2,877

13,695

8,905

50,763－50,763

Inter-segment sales

12,966

437

3,423

352

919

18,099(18,099)－Total sales

31,665

7,023

6,300

14,048

9,825

68,863(18,099)

50,763

2,133

207

1,214

831

101

4,487

(345)

4,141

Segment profit

Note:
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.
Nine months ended December 31, 2018
Japan

China

AsiaAmericas

EuropeSub total

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

Sales
Sales to third parties

25,098

9,501

3,474

12,211

10,972

61,257－

61,257

Inter-segment sales

13,098

625

3,349

269

353

17,696(17,696)－Total sales

38,196

10,126

6,823

12,48011,32578,953(17,696)

61,257

Segment profit or loss

1,530

584

915

568(53)

3,545

178

3,723

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.
Changes in the reportable segment classification method
Effective from the 1st quarter 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.

6

2. Supplementary Information
Status of Orders
Nine months ended December 31, 2018

（Millions of Yen）
OrdersOrder backlog

Comparison with theprevious period (%)

AmountComparison with theend of previous year (%)

AmountJapan

32,841

29.7

32,164

31.7

China

6,911

(35.7)

7,999(24.5)

Asia

4,199

19.7

3,136

30.1

Americas

9,397(37.4)

8,388(25.1)

Europe9,365(23.9)

9,090(15.0)

62,716(6.2)

60,779

2.5

Total

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

7