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Consolidated Financial Results for the 1st Quarterof the Fiscal Year Ended March 31, 2021 [Japanese Standard]August 7, 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, Director, Operating Officer, Division Manager, General Administration Headquarters
Tel: +81-42-772-5231
Scheduled date of filing quarterly securities report:
August 7, 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 1st Quarter of the Fiscal Year Ended March 31, 2021 (April 1, 2020 to June 30, 2020)(1) Consolidated Financial Results

Net sales
Three months ended June 30, 2020Three months ended June 30, 2019
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%

10,559(34.0)

179(83.7)

231(81.3)(140)－

16,007(15.1)

1,097

(8.8)

1,239

(9.5)

860

(8.7)

Three months ended June 30, 2020Three months ended June 30, 2019

458 million yen(79) million yen

－ %)
－ %)

((Diluted net income pershare

Net income per share
YenYenThree months ended June 30, 2020

(2.36)－Three months ended June 30, 2019

13.94

13.91

(2) Consolidated Financial Position
Total assets

Net assets per share

Millions of yen%

Yen

99,71273,39072.8

1,218.99

74,84071.1

1,243.15

As of June 30, 2020

104,114

As of March 31, 2020
Reference: Shareholders' equity

Shareholders' equity ratio

Net assets

Millions of yen

72,603 million yen
74,031 million yen

As of June 30, 2020
As of March 31, 2020

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

TotalYen

Yen

Yen

Yen

Yen

Year ended March 31, 2020

―――

30.00

30.00Year ended March 31, 2021

―――

20.00

20.00

Year ended March 31, 2021 (forecast)
Note: Revision of dividend forecast for this period: Yes

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%

Yen

27,000(21.2)

1,200(60.4)

1,300(59.4)

600(73.5)

10.07

61,000
Full year ended March 31, 2021
Note: Revision of forecasts of consolidated results: Yes(11.8)

3,300(46.5)

3,400(47.1)

2,100(47.8)

35.22

Six months ended September 30, 2020

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)69,448,421 shares
As of June 30, 2020
As of March 31, 2020
69,448,421 shares
2. Total number of treasury stock
As of June 30, 2020
9,888,143 shares
9,896,566 shares
As of March 31, 2020
3. Average number of shares
59,555,570 shares
Three months ended June 30, 2020Three months ended June 30, 2019
61,735,348 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, 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 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 assets2

As of June 30, 2020

28,723
20,3782,748
2,618
10,662
3,557
3,102(223)
71,56825,845
16,816
2,109
3,258
11,502
3,788
3,387
(225)
66,48225,001(16,957)
8,044
17,095(11,099)
5,996
7,283
377
3,638
(3,077)561
22,263743

25,031(17,120)
7,910
17,107(11,359)
5,748
7,293
427
3,647
(3,119)527
21,906
766

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

6,967
2,355
822
308
136
(32)
10,55733,23099,712

(Millions of Yen)
As of March 31, 2020Liabilities
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 interests
Total net assets
Total liabilities and net assets

3

As of June 30, 2020

4,733
3,369
2,991
500
707
1,681
6,134
583
1,129
49
170
1,773
23,823

3,626
2,498
3,026
500
599
198
6,711
512
579
6
151
2,186
20,597

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

1,000
938
1,642
469
1,411
263
5,724
26,321

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

7,831
12,41554,506(4,913)
69,839

2,638
47
(773)
253
2,166
139
669
74,840104,1143,2402(717)
239
2,764
139
647
73,39099,712

(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
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
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
Total extraordinary loss
Income before income taxes
Income taxes
Net income (loss)
Net income (loss) attributable to non-controlling interests
Net income (loss) attributable to owners of parent

4

Three months ended
June 30, 2019
16,007
12,640
3,366
2,268
1,097

(Millions of Yen)
Three months ended
June 30, 2020
10,559
8,490
2,068
1,889
179

2691
42
22
182

1281－
15109

7－
28
541
1,239

925－
2157
231

0－
00
164
165－
524－
291,210362
848(12)860

00－380380
16155(138)1(140)

Consolidated Statements of Comprehensive Income

Net income (loss)
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, 2019848

(Millions of Yen)
Three months ended
June 30, 2020
(138)(183)
36(756)
(23)
(927)
(79)
(67)
(12)

602
(45)
55
(14)
597
458
457
1

(3) Notes to Going Concern Assumption
None(4) Notes Regarding Remarkable Fluctuation in Shareholders' Equity
None(5) Segment Information
Three months ended June 30, 2019
Japan

China

AsiaAmericas

EuropeSub total

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

11,3601,598

2,2063,051

2,808

21,025(5,018)16,007

Segment profit or loss

769

38327

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.
Three months ended June 30, 2020
Japan

ChinaAsia

Americas

EuropeSub total

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

Sales
Sales to third parties

5,614

1,248

867

1,796

1,032

10,559－10,559Inter-segment sales

2,605

152

536

20

10

3,324(3,324)－

Total sales

8,219

1,401

1,403

1,816

1,043

13,884(3,324)

10,559Segment profit or loss

264

46

1054(115)

261

(81)

179

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, 2020
OrdersOrder backlog

Comparison with theprevious period (%)

AmountComparison with theend of previous year (%)

AmountJapan

4,456(53.4)

19,859(5.5)

China

2,199

88.2

6,209

18.1

Asia

707

(47.3)

2,921

(5.2)

Americas736(71.9)

5,001(17.5)

Europe905(63.4)

8,554

(1.5)

Total

9,004

(47.5)

42,546

(3.5)

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

7