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Consolidated Financial Results for the 3rd Quarterof the Fiscal Year Ended March 31, 2020 [Japanese Standard]
February 12, 2020
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, Managing Executive Officer, Division Manager, General Administration Headquarters
Tel: +81-42-772-5231
Scheduled date of filing quarterly securities report:
February 12, 2020
－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, 2020 (April 1, 2019 to December 31, 2019)(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, 201950,809(17.1)

4,314

15.9

4,371

6.4

3,024

8.6

Nine months ended December 31, 201861,257

20.7

3,723

(10.1)

4,109

2.3

2,783

3.2

Note: Comprehensive income

Nine months ended December 31, 2019
Nine months ended December 31, 2018

2,587 million yen
970 million yen( 166.7 %)( -82.4 %)Diluted net income pershare

Net income per share
Yen

Yen

Nine months ended December 31, 2019

50.12

50.02

Nine months ended December 31, 2018

45.11

45.01

(2) Consolidated Financial Position
Total assets

Net assets per share

Shareholders' equity ratio

Millions of yen%

Yen

107,887

75,82169.6

1,260.39

77,20668.5

1,238.41

As of December 31, 2019

111,564

As of March 31, 2019
Reference: Shareholders' equity

Net assets

Millions of yen

As of December 31, 2019
As of March 31, 201975,056 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)

Total

Ratio 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 incomeNet income attributable
Net income per shareto owners of parent

Ordinary income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

72,000
Full year ended March 31, 2020
Note: Revision of forecasts of consolidated results: Yes(14.4)

6,350

14.2

6,400

8.8

4,650

0.3

77.31

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 December 31, 201969,448,421 shares
As of March 31, 2019
71,647,321 shares
2. Total number of treasury stock
As of December 31, 2019
9,897,735 shares
As of March 31, 2019
9,912,330 shares
3. Average number of shares
Nine months ended December 31, 201960,347,835 shares
Nine months ended December 31, 2018
61,707,164 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 December 31, 2019

31,15522,859
2,213
2,761
9,814
3,914
3,906
(231)
76,39629,391
19,5752,241
2,857
11,896
3,694
3,580
(220)
73,017

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

25,380(17,000)
8,379
17,459(11,028)
6,431
7,307
468
3,620
(3,059)560
23,147
780

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

7,187
2,283
879471153(32)
10,942
34,870107,887(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 adjustments
Total accumulated other comprehensive income
Stock options
Non-controlling interestsTotal net assets
Total liabilities and net assets

3

As of December 31, 2019

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

5,848
4,401
2,450
1,000
980
1,013
7,598
603
612
22
47
2,071
26,651

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

500
892
1,887
455
1,388
290
5,414
32,066

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

7,831
12,41555,538(4,917)70,866

3,617
(1)
645
398
4,660
139
613
77,206
111,564

3,687
5
170
326
4,190
139
624
75,821
107,887

(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
Restructuring charges
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 sales of investment securities
Total extraordinary gain
Extraordinary loss
Loss on labor accident
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, 201861,25750,378
10,878
7,154
3,723(Millions of Yen)
Nine months ended
December 31, 201950,80939,802
11,006
6,691
4,314

73
147
13
167
114516741580－
93326－
273666
130
4,109

71
21
131
45
269
4,371

17－
173
38
42－
0
184
4
189
3,938
1,147
2,790
72,783

26－
220
49
4,364
1,308
3,056
32
3,024

Consolidated Statements of Comprehensive Income

Net income
Other comprehensive income
Net unrealized gains (losses) on other securities
Deferred hedge gains
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

Nine months ended
December 31, 2018
2,790

(Millions of Yen)
Nine months ended
December 31, 2019
3,056

(1,400)5(391)(33)(1,820)970
963
669
7(475)
(71)
(469)
2,587
2,554
32

(3) Notes to Going Concern Assumption
None(4) Notes Regarding Remarkable Fluctuation in Shareholders' Equity
AIDA resolved to repurchase treasury stock at the meeting of the Board of Directors held on June 11, 2019in accordance with the Companies Act, Article 156, applied by replacement under Article 165, paragraph 3 of the same Act,and repurchased treasury stock 2,198,900 shares as ¥1,999 million.
AIDA resolved to cancel treasury stock at the meeting of the Board of Directors held on June 11, 2019in accordance with the Companies Act, Article 178, and canceled treasury stock 2,198,900 shares as ¥1,309 million.
As a result, retained earnings decreased by ¥1,309 million and treasury stock decreased by the same amount.
Retained earnings was ¥55,538 million and treasury stock was 9,897,735 shares as ¥4,917 million as of December 31, 2019.

(5) Segment Information
Nine months ended December 31, 2018
Japan

ChinaAsia

Americas

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.
Nine months ended December 31, 2019
Japan

China

Asia

Americas

EuropeSub totalAdjustments(*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

862368(67)

4,569

(254)

4,314

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）

Nine months ended December 31, 2019
OrdersOrder backlog

Comparison with theprevious period (%)

AmountComparison with theend of previous year (%)

AmountJapan

22,301(32.1)

25,766(11.5)

China

4,148

(40.0)

4,689(10.9)

Asia

4,699

11.9

3,483

31.6

Americas7,775(17.3)

5,773

(6.8)

Europe8,225(12.2)

7,561

(1.8)

47,150(24.8)

47,274

(7.2)

Total

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

7