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May 16, 2023
Company name:Name of representative:
Inquiries:

YUSHIN PRECISION EQUIPMENT CO., LTD
Takayo Kotani, Representative Director and President(Securities code: 6482; TSE Prime Market)
Kota Oda, Director and Executive Vice president,
General Manager of Admin. Div.
Tel: +81-75-933-9555

Notice Concerning Acquisition of Shares of WEMO Automation AB (to Make It a Subsidiary)
YUSHIN PRECISION EQUIPMENT CO., LTD (the “Company”) hereby announces that it has resolved, at a
meeting of the Board of Directors held on May 16, 2023, to acquire shares of WEMO Automation AB and make ita subsidiary of the Company. The details are described below.

1.

Reason for acquisition of shares

The Company has been strengthening its global sales and marketing activities with the aim of further developing
itself as a leading company in the take-out robot industry under the management philosophy of "Look outward far
and wide, constantly seek technological innovation and give back to society for all it has given us."
WEMO develops, manufactures, and sells take-out robots for injection molding machines and factory automationequipment not only for Scandinavian and but also in continental Europe. WEMO's products are highly regarded forits product quality and after-sales service. In addition to providing generic products, WEMO is able to provide
products tailored to customer needs, and as a result, it has gained high praise from customers for many years.
Through the acquisition of WEMO, it is expected to enhance the Company’s brand value and increase its market
share in the European region. It is also expected to generate synergies by mutually utilising the technological andprocurement capabilities of the two companies. For these reasons, the Company has decided to acquire shares in thecompany.

2. Overview of the subsidiary (WEMO Automation AB) subject to change
(1)

Name

WEMO Automation AB(2)

Location

Bredastensvägen 12, 331 44 Värnamo, Sweden(3)

Job title and name ofrepresentative

CEO Johannes Kjellgren(4)

Description of business

Manufactures and distributes plastic injection moulding machinery(5)

Share capital

120,000 SEK(6)Date of establishment

October 29, 1987

(7)

Major shareholders andownership ratios

Hahn Group GmbH 100%
Capital relationship(8)

Relationship between the
Personnel
Company and said company relationship

No item to report
No item to report

Business relationship No item to report(9)Operating results and financial positions of said company for the last three years
As of / Fiscal year ended
Net assets
Total assets
Net assets per share
Net sales
Operating profit
ProfitEarnings per share
Dividend per share

Dec. 2020

SEK 34.2 M
SEK 86.3 M
SEK 28,500
SEK 92.8 M
SEK 3,739 K
SEK 1,555 K
SEK 1,296
SEK 1,075

Dec. 2021

SEK 43.7 M
SEK 96.4 M
SEK 36,417
SEK 141.1 M
SEK 19,509 K
SEK 10,737 K
SEK 8,946
SEK 7,617

3. Overview of the counterparty to the acquisition of shares
(1)

Name

HAHN Group GmbH(2)

Location

Liebshausener Straße 3, 55494 Rheinböllen, Germany(3)

Job title and name ofrepresentative

Managing Director, Co-CEO Philipp Unterhalt
Managing Director, Co-CEO Frank Konrad
Managing Director, CFO Diego van Muylem
Managing Director, COO Jörg Kilb

(4)

Description of business

Provider of industrial automation and robot solutions(5)

Share capital

25,100 EUR(6)Date of establishment

November, 7th 2016(7)

Net assets

133,444,274.62 EUR(8)Total assets

178,078,322.16 EUR(9)Major shareholders andownership ratios

RSBG SE
Capital relationship(10)

No item to report

Personnel
relationship

No item to report
Relationship between the
Company and said company Business relationship No item to report
Related party
relationship- 2 -No item to report

Dec. 2022

SEK 38.3 M
SEK 95.8 M
SEK 31,916
SEK 121.4 M
SEK 5,531 K
SEK 3,773 K
SEK 3,144-

4. Number of shares acquired, acquisition costs, and shareholding before and after acquisition
(1)
(2)

(3)

(4)

0 shares(Number of voting rights: 0 units)(Ratio of voting rights held: 0.0%)
Number of shares to be
1,200 sharesacquired(Number of voting rights: 1,200 units)
The Company will refrain from disclosing this information inaccordance with the confidentiality obligation with the counterparty. In
calculating the acquisition price, the Company requested outside
Acquisition costs
specialists to perform due diligence, and after comprehensively
considering the value of the shares, the Company's Board of Directors
determined that the acquisition price was fair and appropriate.
1,200 shares
Number of shares held after(Number of voting rights: 1,200 units)
the change(Ratio of voting rights held: 100.0%)
Number of shares held
before the change

5. Timetable
(1)
(2)
(3)

Date of resolution at themeeting of the Board of
Directors
Date of conclusion of theagreement
Date of commencement ofshare transfer

May 16, 2023
May 16, 2023
May 30, 2023 (scheduled)

6. Future outlook
The impact on consolidated financial results for the next fiscal year (ending March 31, 2024) is currently under
scrutiny and will be disclosed as soon as there are matters that require disclosure.

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