Summary of Consolidated Annual Financial Results(April 1, 2010 – March 31, 2011)
Yushin Precision Equipment Co., Ltd.（6482）
Listing Exchanges: Tokyo, Osaka Stock Exchanges, First section
URL: http://www.yushin.com
Representative: Mayumi Kotani, President
Contact: Satoshi Kimura, Executive Managing Director
Phone: +81-75- 933-9168
Annual General Shareholders’ Meeting (Scheduled): June 28, 2011
Start of Distribution of Dividends (Scheduled): June 14, 2011
Filing of Securities Report (Yuka shoken houkokusho) (Scheduled): June 30, 2011

Note: This document has been translated from the Japanese original as a guide for non-Japanese investors
and contains forward-looking statements that are based on managements’ estimates, assumptions andprojections at the time of publication. A number of factors could cause actual results to differ materiallyfrom expectations. Amounts shown in this financial statement have been rounded down to the nearest
million yen or thousand yen.

1. Consolidated Business Results for the year ended March 31, 2011
(April 1, 2010– March 31, 2011)(1) Consolidated Operating Results(Changes in Net sales, Operating income, Ordinary income and Net income from previous fiscal year
are shown in percentage on a year-on-year basis.)

FY 2011
FY 2010

Net sales¥ millions%
12,567
1.6
12,369(35.8)

Operating income¥ millions
%
1,097
45.8
752
(73.4)

Ordinary income¥ millions
%
1,055
20.9
872
(68.9)

Notes: Comprehensive income ¥559 millions (7.1%) as of March 31, 2011, ¥601 millions (-%) as of March 31, 2010

Net income

FY 2011
FY 2010¥ millions
729
487

Net income
per share%
49.7(66.8)Net incomeonshareholders'equity
Yen
%
4.0
－
–
2.7

Net income
per share
diluted

Yen
41.73
27.87

Ordinary
income on
total assets

Operatingincome on
net sales

%

%

5.0
4.1

8.7
6.1

(Reference) Profit (or loss) arising from equity method: FY 2011: - million yen, FY 2010: - million yen(2) Consolidated Financial Position
Total assets
FY 2011
FY 2010¥ millions
21,583
20,593

Net assets¥ millions
18,495
18,115Equity ratio
%
85.5
87.8

Net assets per
share
Yen
1,055.42
1,034.11(Reference) Shareholders’ Equity: 18,459 million yen as of March 31, 2011, 18,087 million yen as of March 31, 2010
Yushin Precision Equipment Co., Ltd.

(3) Consolidated Cash Flows
Cash flows fromoperating activities¥ millions
149
2,143

FY 2011
FY 2010

Cash flows frominvestment
activities¥ millions
(254)
322

Cash flows fromfinancing activities¥ millions
(174)
(349)

Cash and cash
equivalents at endof year¥ millions
9,831
10,197

2. Dividends
Dividends per share
InterimYear end
Total
Yen
Yen
Yen
10.00
5.00
15.00
5.00
13.00
18.00

FY 2010
FY 2011
FY 2012(Forecast)

10.00

10.00

20.00

Dividends paid
Payout(annual)ratio¥ millions
%
262
53.8
314
43.1
－

Dividends
on equity
%
1.5
1.7
－

35.3

3. Forecast for the year ending March 31, 2012(April 1, 2011– March 31, 2012)(Note: Percentage represents change from the same period of the previous fiscal year.)Net sales

2nd Quarter
AnnualOperating income

Ordinary income¥ millions¥ millions%¥ millions

%

7,900
15,500

36.7
23.3

790
1,550

104.7
41.3

869
1,705

Net income
per share

Net income

％

131.1
61.6

¥ millions

505
992

%

129.5
36.1

yen

28.91
56.72

4. Other(1) Changes in Significant consolidated subsidiaries during the period: None
(2) Changes in Accounting Policies(a) Changes according to revision of accounting standard: Yes(b) Other than above: None
(3) Number of common shares outstanding
Total number of issued shares at March 31, 2011; 17,819,033 shares
March 31, 2010; 17,819,033 shares
Treasury stock at March 31, 2011; 328,497shares
March 31, 2010; 327,772 shares
Weighted average number of shares at March 31, 2011; 17,490,770 shares
March 31, 2010; 17,491,504 shares

Yushin Precision Equipment Co., Ltd.

(Reference)

1. Non-consolidated Business Results for the year ended March 31, 2011
(April 1, 2010– March 31, 2011)(1) Operating Results
Changes in Net sales, Operating income, Ordinary income and Net income from previous fiscal year are
shown in percentages on a year-on-year basis.

FY 2011
FY 2010

Net sales¥ millions%
11,703
1.6
11,513(35.3)

Operating income¥ millions
%
770
(1.8)
784
(71.7)Net income
per share
%
Yen
26.9
34.83
(67.0)
27.44

Net income pershare/diluted
Yen－－

Net assets

Equity ratio

Net income
FY 2011
FY 2010¥ millions
609
480

Ordinary income¥ millions
%
889
4.2
853
(69.9)(2) Financial Position
Total assets
FY 2011
FY 2010¥ millions
21,283
20,184¥ millions
18,157
17,741

%
85.3
87.9

Net assets per
share
Yen
1,038.11
1,014.29(Reference) Shareholders’ Equity: 18,157 million yen as of March 31, 2011, 17,741 million yen as of March 31,
2010

2. Forecasted Non-consolidated Financial Results for the Fiscal YearEnding March 31, 2012 (April 1, 2011 – March 31, 2012)(Note: Percentage represents change from the same period of the previous fiscal year.)Net sales

Operating income

Ordinary income

Net income

Net income
per share% ¥ million% ¥ million% ¥ million%¥ million
Yen
2nd Quarter
7,362
30.2
729
136.3
769
152.4
460
164.0
26.33
Annual
14,50023.9 1,385
79.8 1,556
74.9
931
52.9
53.25
* Cautionary statement with respect to forward-looking statements
The forecasts above are based on the information currently available. A number of factors could cause
actual results to differ materially from expectations.

Yushin Precision Equipment Co., Ltd.

Contents of Attachments
1. Operating and Financial Review and Prospects・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・(1) Analysis of Result of Operations ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・(2) Analysis of Financial Condition ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・(3) Basic Policy on Allocation of Profits・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
・・・
2. Management Policies・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・(1) Fundamental Management Policy・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
・・・(2) Managerial Indicators for Targets・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・(3) Medium and Long-Term Management Strategies・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・(4) Issues to be Addressed・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・(5) Other Significant Management Issue・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
3. Consolidated Financial Statements・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・(1) Consolidated Balance Sheets・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income・・・
Consolidated Statements of Income・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
Consolidated Statements of Comprehensive Income・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・(3) Consolidated Statements of Changes in Net Assets・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・(4) Consolidated Statements of Cash Flows・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・(5) Events or Conditions Raising Significant Questions Regarding Assumption of Going Concerns(6)Changes in Accounting Principles, Procedures and Presentation for Consolidated Financial
Statements・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・(7) Notes to Consolidated Financial Statements・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・(Consolidated comprehensive income statements)・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
・・・(Segment information)・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・(Per share indexes)・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
・・・(Significant subsequent events)・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・(Order, backlog and sales)・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・(Overseas sales)・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
4. Non-Consolidated Financial Statements・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・(1) Non-Consolidated Balance Sheets・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
・・・・・(2) Non-Consolidated Statements of Income・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・(3) Non-Consolidated Statements of Changes in Net Assets・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
・・・・

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Yushin Precision Equipment Co., Ltd.

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1. Operating and Financial Review and Prospects(1) Analysis of Result of Operations①Overview of Business Environment in Fiscal Year ended March 31,2011(“this fiscal year”)
In this fiscal year as for the world economy, economic expansions in Asian countries, especially in China
continued by strong domestic demand, while employment situation was hard to increase, considering therecovery of companies’ results, and there were unstable factors of the financial crisis in the emerging
countries in Europe and the rise of oil price by the political unrest in the Middle East. As for domestic
economy, environment of employment and income was still hard, and the prospects of domestic economy
was very vague by deflation and yen’s appreciation since last summer. And what was ever worse that 2011
Tohoku earthquake and tsunami brought an unprecedented disaster and made the future economy moreopaque.
As for industries related to Yushin, in Asia sales for digital appliance field was in good condition and in
the United States the demand in the car industry showed a recovery trend and also the demand in the
medical products and the sundry products field remained strong despite the effects of sharp yen’s
appreciation.
Under these circumstances, Yushin Group maintained good results in take-out robot sales by theremained strong demand in Asia and by the special automation needs in the background of elevated labor
cost in Asian countries, while sales of the custom- ordered equipments have decreased from the corresponding period of previous year due to the decrease in backlog of orders in the end of last Fiscal Year.
As a result, consolidated net sales increased by 1.6% from the previous FY to ¥12,567 million.
Operating income increased by 45.8% from the previous FY to ¥1,097 million by the effect of cost-down
activity despite the effects of yen’s appreciation. Ordinary income increased by 20.9% from the previous
FY to ¥1,055 million and net income was by 49.7% from the previous FY to ¥729 million.
Operating Result by Product Category for This Fiscal Year Compared to the Previous Fiscal Year
(Take-out robot)
Net sales of take-out robot increased by ¥2,883 million (47.8%) from the previous FY to ¥8,912 million
by the good performance of traverse type take-out robot(main product).
(Custom-ordered equipments)
Net sales of custom-ordered equipments was totally poor by the lower level sales of medical-related andsemiconductor-related field to the budget and it decreased by ¥3,087 million (64.9%) from the previous FY
to ¥1,670 million.
(Parts and maintenance service)
Net sales of parts and maintenance service increased by ¥402 million (25.4%) from the previous FY to¥1,984 million.
Operating Result by Segment Category for This Fiscal Year Compared to the Previous Fiscal Year
(Japan)Net sales increased by 1.6% to ¥11,703million due to good performance of general-purpose machines ,while operating income decreased by 1.8% from the previous FY to ¥770 million .
(North America)
As for the subsidiary in the United States , net sales increased by 43.8% from the previous FY to ¥1,919
million and operating income was ¥176 million(▲¥24 million- operating loss in the previous FY) .
(Asia)Net sales increased by 130.1% from the previous FY to ¥2,039 million and operating income was ¥204
million(▲¥63 million- operating loss in the previous FY) due to the good performance of the subsidiaries
in China, Korea and Thailand .
(Europe)Net sales decreased by 9.2% from the previous FY to ¥225 million and operating income also decreasedby 11.2% from the previous FY to ¥7 million.

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Yushin Precision Equipment Co., Ltd.

②Business Forecasts for the Fiscal Year ending March 31, 2012
As for the business environment surrounding the Yushin Group, in Japan though the revival demand forthe disaster is expected to be risen, demand for the equipment investment should be weak by unrest for theelectricity service, while economic environment in the United States and Asia should keep good condition.
Under these circumstances, Yushin Group will develop competitive machines for the market in a great
demand and progress the activity for receiving order of general-purpose machines and also take-out robots
for the new business categories and custom-ordered equipments.
Yushin forecasts its business performance, based on the current information available, as follows.
(¥ millions)
Net sales

Operating income

Ordinary income

Net income

15,500

1,550

1,705

992

(Y/Y 23.3 %)(Y/Y 41.3 %)(Y/Y 61.6%)(Y/Y 36.1%)

Consolidated(2) Analysis of Financial Condition
Overview of Assets, Liabilities and Net Assets
Total assets increased by ¥989 million from the end of the previous fiscal year to ¥21,583 million.
Current assets increased by ¥1,126million from the end of the previous fiscal year to ¥17,649 million
due to the increase of ¥1,005 million in trade notes and accounts receivable. Fixed assets didn’t havebig change to be explained.
Total liabilities increased by ¥609 million from the end of the previous fiscal year to ¥3,087 million.
Current liabilities increased by ¥623 million from the end of the previous fiscal year to ¥2,965 million.
This is due to the increase of ¥460 million in trade notes and accounts payable. Fixed liabilities didn’t
have big change.
Net assets increased by ¥380 million from the end of the previous fiscal year to ¥18,495 million due tothe rise of retained earnings by ¥554 million.
Overview of Cash Flow
The balance of cash and cash equivalents on March 31, 2011 decreased by ¥365 million from the end of
the previous fiscal year to ¥9,831 million. Main reason is as follows.
(Cash flow from operating activities)
Income before income taxes and minority interests adjustment was ¥1,055 million, but due to the increaseof ¥1,076 million in receivables and the increase of ¥556 million in inventories, total amount of taxes was¥213 million. As a result, cash flow from operating activities for the fiscal year ended March 31,2011 was a
net inflow of ¥149 million(it was a net inflow of ¥2,143 million in the previous fiscal year).
(Cash flow from investment activities)
Due to the purchases of property (¥254 million), cash flow from investment activities flow from investment
activities for the fiscal year ended March 31,2011 was a net outflow of ¥254 million(it was a net inflow of¥322 million in the previous fiscal year).

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Yushin Precision Equipment Co., Ltd.

(Cash flow from financing activities)
Due to the dividends paid of ¥176 million, cash flow from financing activities was a net outflow of ¥174
million(it was a net outflow of ¥349 million in the previous fiscal year).
(Reference) Trend of cash flow indexes
Equity ratio
Equity ratio based onmarket price

FY 2007
72.3％

FY 2008
72.2％

FY 2009
81.2％

FY 201087.8％

FY 201185.5%

142.3％

151.8％

91.1％

119.6％

123.0%

Notes: 1. Equity ratio : Shareholders’ equity / Total assets
Equity ratio based on market price: Total amount of shares at market price /Total assets
2.Amortization term and interest coverage ratio is not shown since the balance in interestbearing debt and interest payment is insignificant.
3. Each of the above indices is calculated by the consolidated financial results.
4.Total amount of shares at market price refers to the closing market price of shares multipliedby the number of shares outstanding excluding treasury stock on this date.

(3) Basic Policy on Allocation of Profits
Yushin regards the allocation of profits to shareholders as one of the most important management tasks.
To this end, Yushin make efforts to maintain stable operating results and improve return on equity.
Yushin’s basic policy is to actively distribute profits to shareholders after taking into consideration eachfiscal year’s results.
For the year under review, a full-year dividend is planned to be ¥18 per share, comprising an interim
dividend of ¥5 per share and a year-end dividend of ¥13 per share.
For the next year, based on the outlook of business and target payout ratio of 30%, Yushin plans to pay afull-year dividend of ¥20 per share, comprising an interim dividend of ¥10 per share and a year-end
dividend of ¥10 per share.

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Yushin Precision Equipment Co., Ltd.

2. Management Policies(1) Fundamental Management Policy
Yushin’s fundamental policy is to contribute widely to society through the creation of innovativetechnology that enables customers to rationalize their production activities. The technology centers on
robots that take out and handle plastic injection-molded products in the plastics molding industry. Yushin
conducts its business so as to live up to the trust and expectations of its customers, shareholders, business
partners and all other stakeholders.
(2) Managerial Indicators for Targets
Yushin has set medium-term targets of net sales of ¥30 billion and ordinary income of ¥5 billion, and as
an earnings index, ordinary income on net sales of 15% or more.
(3) Medium and Long-Term Management Strategies
Yushin aims at becoming number one across the board in the “take-out robot” industry, by speedilydeveloping products differentiated by their quality and superiority that meet our customer needs, andby conducting business even more aggressively in the global market.
This will be achieved by the following product strategies:
1) Meet wide-ranging customer needs for take-out robots by providing a full line of products fromentry to high-end machines in all sizes, by changing the model of main products and by strengthening the lineup of dedicated machines to support the optimum production of molded goods formass consumption.
For this purpose optimum design technology should be applied to the next term take-out robot as awhole.
2) Develop businesses in the medical-related and semiconductor-related area as new domains thathave technological synergies.
Market strategies are as follows:
1) Yushin has developed a sales and service network for take-out robots in Japan, the U.S, Asia, andEurope. Expand and strengthen the network in areas where business is expected to grow, including
inland China, India, Mexico and Brazil, to develop a global business that can adequately respond toworldwide customer purchases.
2) Yushin will increase of supplies from Guangzhou Factory in China to prepare the sales expansion
in China.
3) Start businesses in new domains so as to generate sales-related synergies.
(4) Issues to be Addressed
In the existing business area, Yushin must reinforce its products including price competitiveness, andstrengthen its power of global marketing. In the new business area, aiming to establish multiple corebusinesses, Yushin must develop new products that can manifest technological and/or sales synergies.
(5) Other Significant Management Issue
There is no other significant management issue.

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Yushin Precision Equipment Co., Ltd.

3. Consolidated Financial Statements(1) Consolidated Balance Sheets
Term(Units: ¥thousands; rounded down)

Previous year
(as of March 31, 2010)

Current year
(as of March 31, 2011)

ChangeAccount
Amount%Amount%Amount16,522,543

80.2

17,649,250

81.8

1,126,707(ASSETS)I Current assets
Cash and time deposits

9,431,530

9,653,652

222,122

Trade notes and accounts
receivable

3,283,520

4,288,949

1,005,429

Securities

900,000

300,000(600,000)

Finished goods

436,823

630,010

193,187

Work-in-process

560,152

630,728

70,576

1,267,609

1,483,591

215,982

Accrued refunded corporation tax

234,400-(234,400)

Deferred tax assets

284,914339,504

54,590

Others137,804

340,574

202,769

Allowance for doubtful accounts(14,210)(17,760)(3,550)Raw materials and Supplies

II Fixed assets

4,071,254

19.8

3,934,383

18.2(136,871)

Property, plant and equipment

3,333,704

16.2

3,328,129

15.4(5,575)

Buildings and structures

1,090,737

1,046,615(44,122)33,50740,094

6,587

Land

2,049,327

2,044,977(4,350)

Others160,132

196,442

36,310Intangible assets

159,565

0.8

91,4500.4(68,115)

Investments and other assets

577,9842.8

514,803

2.4(63,180)

Investment securities

278,894

250,994(27,900)

Others342,901

301,971(40,930)

Allowance for doubtful accounts(43,811)(38,162)

5,649

Total

20,593,798

Machinery and automobiles

100.0

6

21,583,634

100.0

989,835

Yushin Precision Equipment Co., Ltd.

(Units: ¥thousands; rounded down)Term
Account(LIABILITIES)I Current liabilities
Trade notes and accounts
payablesCurrent year
(as of March 31, 2011)

Amount%Amount%2,342,359

11.4

2,965,436

13.7

ChangeAmount623,076

1,458,106

1,918,405

460,299

Accounts payables-other

256,714371,087

114,373

Income tax payable

30,554

154,462

123,908

Accrued employees' bonuses

210,000

179,000(31,000)

Accrued bonuses to directors

10,898

13,6802,782

Warranty reserve

135,172

104,517(30,654)

1,152

1,587

435

Others239,762

222,695(17,066)

Long-term liabilities
Liabilities for retirement
benefits of directors

136,21266,78066,780-

Others69,432

55,613(13,818)

Deferred tax liabilities

II

Previous year
(as of March 31, 2010)

Total liabilities

0.7

122,3930.6(13,818)

2,478,572

12.1

3,087,830

14.3

609,258

Shareholders' equity

18,358,040

89.1

18,911,854

87.6

553,813

Common stock
Capital surplus
Retained earnings

1,985,666
2,023,903
14,694,569

1,985,666
2,023,903
15,249,493

554,924

Treasury stock-at cost

(346,098)(347,208)(1,110)

Cumulative total of
consolidated othercomprehensive income(270,114)(NET ASSETS)

Unrealized gain on
available-for-sale securities
Foreign currency translation
adjustments(1.3)(451,949)(2.1)(181,834)

68,37451,056(17,318)(338,489)(503,005)(164,516)

Minority interests

27,3000.1

35,8980.2

8,598

Total Net Assets

18,115,226

87.9

18,495,803

85.7

380,577

Total

20,593,798

100.0

21,583,634

100.0

989,835

7

Yushin Precision Equipment Co., Ltd.

(2) Consolidated Statements of Income and Consolidated Statements ofComprehensive Income
Consolidated Statements of Income
Term
Account
Net sales
Cost of sales
Gross profit
Selling, general andadministrative expenses(Units: ¥ thousands; rounded down)

Previous year
(April 1, 2009 to
March 31, 2010)%
Amount100.0
12,369,935
8,000,965
64.7
4,368,969
35.3

Current year
(April 1, 2010 toMarch 31, 2011)%
Amount12,567,648
100.0
7,709,299
61.3
4,858,348
38.7

ChangeAmount197,712(291,666)
489,378

3,616,105

29.2

3,760,493

29.9

144,387

Operating income

752,864

6.1

1,097,855

8.8

344,991

Non-operating income
Interest and dividend
Foreign exchange gain
OthersNon-operating expenses
Foreign exchange loss

123,414
69,17628,85725,380
3,877
-

1.0

80,62145,761
34,859123,375
119,408

0.6(42,793)(23,414)(28,857)
9,479
119,497
119,408

0.0

1.0

Loss on termination of lease

2,421

211

(2,209)Others

1,455

3,756

2,301

Ordinary income

872,400

7.1

1,055,101

8.4

182,700

2,750

0.0

806

0.0

(1,943)Extraordinary income
Gain on sales of tangible fixed
assetsGain on sales of investment insecurities

2,750

24

(2,725)

-

782

782

Extraordinary expenses

4,804

Loss on disposals of tangible
fixed assets
Income before income taxes
and minority interests
Income taxes
Current
DeferredIncome before minority
interests
Minority interests
Net income

0.1

4,804

418

0.0

418

(4,385)(4,385)

870,346

7.0

1,055,488

8.4

185,142

247,159
132,9742.0
1.1

341,630(28,515)

2.7
(0.2)

94,471(161,490)--

742,3735.9

742,373

2,702

(0.0)

12,5390.1

9,837

487,509

3.9

729,833

5.8

242,323

8

Yushin Precision Equipment Co., Ltd.

Consolidated Statements of Comprehensive Income(Units: ¥ thousands; rounded down)
Previous year

Current year

(April 1, 2009 to March 31, 2010)(April 1, 2010 to March 31, 2011)-

742,373-(17,318)-(165,797)-(183,116)

Income before minority interests
Other comprehensive income
Valuation difference on
available-for-sale securities
Foreign currency translation
adjustment
Other comprehensive income Total
Comprehensive income
Comprehensive income attributableto:Shareholders of the Parent
Company
Minority interest

559,2579-

547,998-

11,258

Yushin Precision Equipment Co., Ltd.

(3) Consolidated Statements of Changes in Net Assets(Units: ¥ thousands; rounded down)
Previous year

Current year

(April 1, 2009 to March 31, 2010)(April 1, 2010 to March 31, 2011)

1,985,666

1,985,666－－

1,985,666

1,985,666

2,023,903

2,023,903－－

2,023,903

2,023,903

14,556,891

14,694,569(349,832)(174,909)

487,509729,833

137,677554,924

14,694,569

15,249,493(345,298)(346,098)(799)(1,110)(799)(1,110)(346,098)(347,208)

18,221,162

18,358,040

Dividend on surplus(349,832)(174,909)

Net Income

487,509729,833(799)(1,110)136,877

553,813

18,358,040

18,911,854

Shareholder’s Equity
Common stock
Balance as of end of the previous
periodChanges in the current period
Total change in the current
periodBalance as of end of the current
periodCapital surplus
Balance as of end of the previous
periodChanges in the current period
Total change in the current
periodBalance as of end of the current
periodRetained earnings
Balance as of end of the previous
periodChanges in the current period
Dividend on surplus
Net Income
Total change in the current
periodBalance as of end of the current
periodTreasury stock
Balance as of end of the previous
periodChanges in the current period
Acquisition of treasury stock
Total change in the current
periodBalance as of end of the current
periodTotal shareholder’s equity
Balance as of end of the previous
periodChanges in the current period

Acquisition of treasury stock
Total change in the current
periodBalance as of end of the current
period10

Yushin Precision Equipment Co., Ltd.

(Units: ¥ thousands; rounded down)
Previous year

Current year

(April 1, 2009 to March 31, 2010)(April 1, 2010 to March 31, 2011)

3,446

68,37464,927(17,318)

64,927(17,318)

68,37451,056(383,163)(338,489)

44,673(164,516)

44,673(164,516)(338,489)(503,005)(379,716)(270,114)(109,601)(181,834)

109,601(181,834)(270,114)(451,949)

22,65727,300

4,642

8,598

4,642

8,598

27,30035,89817,864,104

18,115,226(349,832)
487,509(799)(174,909)
729,833(1,110)114,244(173,236)

251,122

380,577

18,115,226

18,495,803

Cumulative total of othercomprehensive income
Unrealized gain on
available-for-sale securities
Balance as of end of the previous

PeriodChanges in the current period
Changes in items other thanshareholder’s equity
Total change in the current period
Balance as of end of the current
PeriodForeign currency translation
adjustments
Balance as of end of the previous

PeriodChanges in the current period
Changes in items other thanshareholder’s equity
Total change in the current period
Balance as of end of the current
PeriodCumulative total of consolidated
other comprehensive income
Balance as of end of the previous

PeriodChanges in the current period
Changes in items other thanshareholder’s equity
Total change in the current period
Balance as of end of the current
periodMinority interests
Balance as of end of the previous

periodChanges in the current period
Changes in items other thanshareholder’s equity
Total change in the current
periodBalance as of end of the current
periodTotal net assets
Balance as of end of the previous

periodChanges in the current period
Dividend on surplus
Net Income
Acquisition of treasury stock
Changes in items other thanshareholder’s equity
Total change in the current
PeriodBalance as of end of the current
period11

Yushin Precision Equipment Co., Ltd.

(4) Consolidated Statements of Cash Flows
Term(Units: ¥thousands; rounded down)
Previous year
(April 1, 2009 to
March 31, 2010)

Current year
(April 1, 2010 toMarch 31, 2011)

ChangeAmountAmountAmountAccount

I

Cash flows from operating activities
Income before income taxes and minority interests

870,346

1,055,488

185,142

Depreciation and amortization

296,362

260,360(36,002)

8,043-(8,043)

Amortization of goodwill
Increase ( decrease) in allowance for bad debt

40,681(1,323)(42,005)

Increase ( decrease) in provision for employees' bonuses
Increase ( decrease) in provision for bonuses to directors andcorporate auditor
Interest and dividend income(36,000)(31,000)

5,000(2,202)

2,782

4,984

(69,176)(45,761)

23,414Gain or loss on sales of investment in securities

-

(782)

(782)

1,065,277(1,076,637)(2,141,914)

Decrease ( increase) in inventories

2,047,452(556,337)(2,603,789)

Increase ( decrease) in trade payables(1,407,475)

561,991

1,969,467(55,891)

180,376

236,268

Decrease ( increase) in trade receivables

Increase ( decrease) in other current liabilities
Others(26,731)(256,209)(229,478)

Subtotal

2,730,686

92,947(2,637,738)

Interest and dividends received

69,15645,807(23,349)

4,699(661,498)-(213,045)
224,156(4,699)448,453
224,156

2,143,045

149,866(1,993,178)

Pay-in of time deposits(5,990,909)(129,370)

5,861,539

Payback of time deposits

6,204,788

129,370(6,075,418)

Insurance received
Income taxes paid
Income taxes refunded
Net cash provided by operating activities
II Cash flows from investing activities

Increase in securities

300,000-(300,000)

Purchases of tangible assets(127,516)(254,932)(127,416)

Proceeds from sales of tangible fixed assets

3,391

1,063

(2,327)Purchases of intangible assets(66,060)(2,194)

63,866

Purchase of investment securities(1,198)(1,419)(221)

Proceeds from sales of investment securities
Proceeds from collections of long-term loan receivable
Net cash provided by (used in) investing activities
III Cash flows from financing activities
Proceeds from stock issuance to minority shareholders

-

2,637

2,637

253

263

10

322,747(254,582)(557,330)

2,774

-

2,774

(799)

(1,110)(311)(349,127)(176,090)(173,037)(349,927)(174,426)(175,500)

29,831(86,325)(116,156)

2,145,696(365,467)(2,511,164)

VI Cash and cash equivalents at beginning of year

8,051,703

10,197,400

2,145,696

VII Cash and cash equivalents at end of year

10,197,400

9,831,932(365,467)

Purchase of treasury stock
Dividends paid
Net cash used in financing activities
IV Effect of exchange rate changes on cash and cash equivalents
V

Increase ( decrease) in cash and cash equivalents

12

Yushin Precision Equipment Co., Ltd.

(5) Events or Conditions Raising Significant Questions Regarding
Assumption of Going Concerns
Non applicable(6)Changes in accounting principles, procedures and presentation forconsolidated financial statements(Change in accounting principle)
Accounting Standard for Asset Retirement Obligations
Effective from the fiscal year ending March 31, 2011, the Company applied ASBJ Statement No. 18,“Accounting Standard for Asset Retirement Obligations” and ASBJ Guidance No. 21, “Guidance on
Accounting Standard for Asset Retirement Obligations,” both issued on March 31, 2008.
The effect of this change on the accompanying consolidated financial statements was none.
(Change of expression method)
Consolidated statement of income and Consolidated statement of comprehensive income:From this fiscal year, based on the “Accounting Standard for Consolidated Financial Statements (ASBJ
Statement No. 22, issued on December 26, 2008), the “Cabinet Office Ordinance Partially Revising
Regulation on Terminology, Forms and Preparation of Financial Statements” (Cabinet Office OrdinanceNo.5, issued on March 24, 2009) have been adopted. Accordingly, “Income (loss)
before minority interests” is included in the consolidated financial statements for March 31, 2011.
(Additional information)
From this fiscal year, the “Accounting Standards for Presentation of Comprehensive income” (ASBJ
Statement No. 25, issued on June 30, 2010) have been adopted. However, the amounts of previous fiscal
year’s “Accumulated comprehensive income” and “Total accumulated comprehensive income” show
“Valuation and translation adjustments” and “Total valuation and translation adjustments”.

(7) Notes to Consolidated Financial Statements(Consolidated comprehensive income statements)
Fiscal year ended March 31, 2011 (From April 1 2010 to March 31, 2011)※1 Consolidated comprehensive income for the fiscal year immediately preceding the fiscal year
ended March 31, 2011
Comprehensive income attributable to Shareholders of the Parent Company ¥597,111 thousand
Comprehensive income attributable to minority interest¥4,678 thousand
Total¥601,790 thousand※2 Other consolidated comprehensive income for the fiscal year immediately preceding the fiscal year
ended March 31, 2011
Valuation difference on available-for-sale securities¥64,927 thousand
Foreign currency translation adjustment¥46,650 thousand
Total¥111,578 thousand

13

Yushin Precision Equipment Co., Ltd.

(Segment information)a. Industrial segments
Information about operations in Industrial segments is not shown, since the Company has only
one industry segment (industrial machinery device business in which the company conduct
development, manufacture, sale and after-sales service of the take-out robot for injection molding
machine and the peripheral equipments including laborsaving system).

b. Geographical segments
Previous year (April 1, 2009 to March 31, 2010)(Units: ¥ thousands; rounded down)

Japan

North
America

Asia

EuropeTotal

Eliminations
and Corporate

Consolidated(1) Sales to customers

10,053,131

1,330,723

746,950

239,129

12,369,935-

12,369,935(2) Inter-segment sales

1,460,596

3,960

139,392

9,117

1,613,066(1,613,066)-

Total sales

11,513,727

1,334,638

886,343

248,247

13,983,002(1,613,066)

12,369,935

Ⅱ Operating expenses

10,729,218

1,359,380

949,589

239,473

13,277,662(1,660,591)

11,617,071

Ⅲ Operating income

784,508(24,696)(63,245)

8,773

705,339

47,524752,864

8,892,405
927,828 1,140,741
145,395
11,106,370
Ⅳ Assets
Notes: 1. Segmentation of areas is based on geographical proximity.
2. Major countries and areas included in each category:
North America: The United States
Asia: South Korea, Taiwan, Singapore, Malaysia, Thailand, China and India
Europe: UK, Slovakia

9,487,427

20,593,798

Net salesc. Overseas sales
Previous year (April 1, 2009 to March 31, 2010)
North
AmericaI

Overseas sales

II Consolidated sales
III Share of overseas sales (%)(Units: ¥ thousands; rounded down)
Other
Europe
Total
areas

Asia

3,185,852

2,364,227

1,939,545

-

-

-

25.8

19.1

15.7

216,684

7,706,309- 12,369,935
1.7

62.3

Notes: 1. Segmentation of areas is based on geographical proximity.
2. Major countries and areas included in each category:(1) North America: The United States and Canada(2) Asia: China, South Korea, Taiwan, Thailand, Singapore, Malaysia, Vietnam, Philippine,
Indonesia, India etc.
(3) Europe: Germany, Netherlands, UK, Ireland, Czech, Austria, Slovakia etc.
(4) Other areas: Latin America, Oceania, Middle East, etc.
3. Overseas sales mean the sales of the Company and its oversea consolidated subsidiaries forcountries or areas other than Japan.

14

Yushin Precision Equipment Co., Ltd.

d. Segment information
1. Overview of reportable segment
Segments used for financial reporting are the Company’s constituent units for which separate financial
information is available and for which the Board of Directors performs periodic studies for the purposes ofdetermining the allocation of resources and evaluating performance.
Yushin carries out the development, production, sales, and after-sales maintenance of take-out robots forinjection-molded products and peripheral equipment, including labour-saving systems. In the domestic
market, these operations are handled by the Company; overseas markets—North America, Asia (South
Korea, Taiwan, Malaysia, Singapore, Thailand, China, and India), and Europe (UK and Slovakia)—areserviced by local subsidiaries, including Yushin America Inc. (US), Yushin Korea Co., Ltd. (South Korea),and Yushin Automation Limited (Europe). The local subsidiaries are independently managed units, withseparately drafted strategies and activities.
Accordingly, Yushin's operations, based on its production, sales, and after-sales maintenance setups, aregeographically grouped into four reportable segments: Japan, North America, Asia, and Europe.
2. Method of calculating sales and income (loss), identifiable assets, and other items by business segment
reported
The accounting procedure for the business segment reported is based on "Significant accounting
policies" (disclosed in Japanese only).
Income by business segment reported is calculated based on operating income.
Inter-segment income and transfer is based on realized market price basis.
3. Information related to sales and profit or loss for each reportable segment
Fiscal year ended March 31, 2011 (From April 1 2010 to March 31, 2011)
Reportable segment
Total(Units: ¥thousands; rounded down)Amounts shown on
Adjustment
consolidated*1
statements of income
*2

Japan

North
America

Asia

Europe8,632,145

1,916,040

1,811,947

207,515

12,567,648-

12,567,648

3,070,914

3,609

277,166

17,9003,319,591(3,319,591)-

11,703,060

1,919,649

2,039,113

225,415

15,887,239(3,319,591)

12,567,648

Segment profit(loss)

770,295

176,382

204,454

7,794

1,158,926(61,071)

1,097,855

Segment asset

10,873,339

1,228,848

1,712,191

181,367

13,995,747

7,587,886

21,583,634

176,700

20,246

6,863

3,325

207,135-

207,135

159,182

24,843

46,256

8,835

239,118-

239,118

Sales(1) Sales tocustomers(2)
Inter-segment
sales
Total

Other items
Depreciation
andamortization
Increment oftangible &intangible assets

15

Yushin Precision Equipment Co., Ltd.

Notes 1: Adjustment is as follows.
(1) The ¥(61,071) thousand adjustment to segment loss includes eliminations for inter-segment
transactions of ¥10,895 thousand and inventory adjustments of ¥(71,966) thousand.
(2) The ¥7,587,886 thousand adjustment to segment assets includes eliminations forinter-segment transactions of ¥(1,888,861) thousand and operating funds of surplus assets by theCompany (cash and deposits, securities) of ¥9,117,717.
Notes 2: Segment profit is adjusted to be consistent with operating income shown on thequarterly consolidated statements of income.

(Additional information)
Beginning with the first quarter of the current fiscal year, the “Accounting Standard for Disclosuresabout Segments of an Enterprise and Related Information” (ASBJ Statement No. 17, March 27, 2009) and“Guidance on the Accounting Standard for Disclosures about Segments of an Enterprise and RelatedInformation” (ASBJ Guidance No. 20, March 21, 2008) have been applied.

(Per share indexes)(Units: ¥)Previous year

Current year

Book-value per share (BPS)

1,034.11

1,055.42

Earnings per share (EPS)

27.87

41.73

Notes 1: The basis for calculating Earnings per share (EPS) are followings

A: Net income
B: Non-stockholders’ equity
A-B: Net income for common shares
Average number of shares(¥ thousands; rounded down)

Previous year

Current year

487,509729,833--

487,509729,833

17,491,504

17,490,770

Notes 2: The basis for calculating Earnings per share (EPS) are followings

Total net assets
Amounts deducted from total net assets
Portion of minority interest
Net assets at fiscal year-end applicable tocommon shares
Number of common shares at fiscal
year-end used in calculating
net assets per share(¥ thousands; rounded down)

Previous year

Current year

18,115,226

18,495,803

27,30035,898(27,300)(35,898)

18,087,926

18,459,905

17,491,261

17,490,536(Significant subsequent events)
Non applicable
16

Yushin Precision Equipment Co., Ltd.

(Order, backlog and sales)(1) Order① Order received
Products(Units: ¥thousands; rounded down)
Previous year (April 1, Current year (April 1,2009 to March 31, 2010) 2010 to March 31, 2011)

Changes
Ratio (%)

Take-out robots

6,408,316

9,473,307

47.8

Custom-ordered equipments

1,254,848

2,415,305

92.5

Parts and maintenance services

1,618,767

1,969,010

21.6

9,281,932

13,857,623

49.3

Total

② Backlog of orders(Units: ¥thousands; rounded down)

Changes

Previous year
As of March 31,2010

Current year
As of March 31, 2011

Take-out robots

962,458

1,523,032

58.2

Custom-ordered equipments

341,029

1,086,259

218.5

Parts and maintenance services

221,816

205,987(7.1)

1,525,304

2,815,279

84.6

Products

Total

Ratio (%)

(Units: ¥thousands; rounded down)(2) Net sales
Products

Previous year (April 1, Current year (April 1,2009 to March 31, 2010) 2010 to March 31, 2011)

Changes
Ratio (%)

Take-out robots

6,029,684

8,912,734

47.8

Custom-ordered equipments

4,757,980

1,670,074(64.9)

Parts and maintenance services

1,582,270

1,984,839

25.4

12,369,935

12,567,648

1.6

Total

(Overseas sales)
Previous year (April 1, 2009 to March 31, 2010)
North
AmericaI

Overseas sales

Asia

3,185,852

2,364,227

1,939,545

-

-

-

25.8

19.1

15.7

II Consolidated sales
III Share of overseas sales (%)

Current year (April 1, 2010 to March 31, 2011)
North
AmericaI

Overseas sales

II Consolidated sales
III Share of overseas sales (%)(Units: ¥thousands; rounded down)
Other
EuropeTotal
areas
216,684

7,706,309- 12,369,935
1.7

62.3

(Units: ¥thousands; rounded down)
Other
Europe
Total
areas

Asia

1,986,813

4,649,329

658,165

152,475

7,446,783

-

-

-

-

12,567,648

15.8

37.0

5.3

1.2

59.3

17

Yushin Precision Equipment Co., Ltd.

4. Non-Consolidated Financial Statements(1) Non-Consolidated Balance Sheets
Term
Account(Units: ¥thousands; rounded down)

Previous year
(as of March 31, 2010)

Current year
(as of March 31, 2011)

Amount%Amount%I Current assets
Cash and time deposits
Notes receivable-trade
Accounts receivable-trade
Securities
Finished goods
Work in process
Raw materials and Supplies
Prepaid expenses
Consumption tax receivable
Deferred tax assets
Accrued refunded corporation
tax
OthersAllowance for doubtful
accounts
II Fixed assets(1) Property, plant andequipment
Buildings
Structures
Machinery and equipment
VehiclesFurniture and fixtures
Land
Construction in progress(2) Intangible assets
Telephone subscription right
Right of trademark
Software(3) Investments and other assets
Investments in securities
Stocks of subsidiaries andaffiliates
Investments in partnership
Investments in affiliates
Long-term loans receivable toshareholders, directors andemployees
Long-term loans receivable toaffiliates
Reorganization claims
Long-term prepaid expenses
Guarantee deposits
Deferred tax assets
OthersAllowance for investment loss
Allowance for doubtful accounts

15,332,063
8,818,964
873,265
2,505,303
900,000
278,627
539,027
986,539
27,253
182,248

76.0

16,569,145
8,566,723
983,415
4,140,107
300,000
401,674
600,216
1,130,821
27,106221,264
178,595

77.8

Total

20,184,491

changeAmount(ASSETS)
1,237,082(252,241)
110,150
1,634,803(600,000)
123,047
61,189144,282(147)
221,264(3,653)

234,400-(234,400)

8,068

30,21922,151(21,634)(11,000)

10,6344,852,427

24.0

4,714,672

22.2(137,754)

3,121,187

15.5

3,091,592

14.5(29,594)

0.2(90,407)(2,958)(3,855)(249)(22,790)
90,665(60,638)

985,293
20,703
17,880671
78,6452,011,566
6,426
89,33011,4301,295
76,604
1,641,910
278,894

0.4

8.1

894,886
17,745
14,025421
55,8552,011,566
97,091
28,692
11,430995
16,266
1,594,388
250,9947.5(300)(60,338)(47,521)(27,900)

789,437

775,957(13,479)170
267,132

170
267,132

-

568

305

(263)

19,281-(19,281)

43,81248
30,04486,186
205,573(16,145)

38,16229,81471,075
198,938-(5,649)(48)(229)(15,111)(6,634)
16,145(63,093)(38,162)

24,931100.0

18

21,283,818

100.0

1,099,327

Yushin Precision Equipment Co., Ltd.

(Units: ¥thousands; rounded down)Term
Account(LIABILITIES)I Current liabilities
Notes payable-trade
Accounts payable-trade
Accounts payable-otherAccrued expenses
Income tax payable
Accrued consumption taxes
Advances received
Deposits received
Accrued employees' bonuses
Accrued bonuses to directors
and corporate auditor
Warranty reserve
OthersII Long-term liabilities
Liabilities for retirement
benefits of directors
Guarantee deposit
Total liabilities(Net Assets)
Shareholders’ equity
Common stock
Capital surplus
Retained earnings
Legal reserve
Other retained earnings
Reserve for dividend
equalization
General reserve
Retained earnings brought
forwardTreasury stock, at cost
Valuation and Translation
adjustment
Unrealized gain on
available-tor-sale securities

Previous year
(as of March 31, 2010

Current year
(as of March 31, 2011)

Amount%Amount%2,375,917
207,087
1,393,709
250,005
59,93920,30075,375
15,70012,801
210,000

11.8

3,059,279
275,485
1,907,572
347,630
66,575
134,700
37,642
12,446
179,000

14.4

ChangeAmount683,361
68,398513,862
97,624
6,635
114,400(75,375)
21,941(355)(31,000)

10,898

13,6802,782

120,100－
67,34084,500－67,360(35,600)
46
20

0.3

0.3

66,78066,780

-

560

580

20

2,443,257

12.1

3,126,639

14.7(683,381)

17,672,858
1,985,666
2,023,903
14,009,386
286,314

87.6
9.9
10.0
69.4

18,106,122
1,985,666
2,023,903
14,443,761
286,314

85.1
9.3
9.5
67.9

433,264
434,375-

1,000,000

1,000,000-

8,700,000

8,700,000-

4,023,071

4,457,446

434,375(346,098)(1.7)(347,208)(1.6)(1,110)68,374

0.3

51,0560.2(17,318)

68,374

0.3

51,0560.2(17,318)

Total Net Assets

17,741,233

87.9

18,157,178

85.3

415,945

Total

20,184,491

100.0

21,283,818

100.0

1,099,327

19

Yushin Precision Equipment Co., Ltd.

(2) Non-Consolidated Statements of Income
Term
Account(Units: ¥thousands; rounded down)

Previous year
(April 1, 2009 to
March 31, 2010)

Current year
(April 1, 2010 toMarch 31, 2011)

ChangeAmountAmount%Amount%Net sales

11,513,727

100.0

11,703,060

100.0

189,333

Cost of sales

7,709,423

67.0

7,751,145

66.2

41,722Gross profit
Selling, general andadministrative expenses

3,804,304

33.0

3,951,914

33.8

147,6103,019,795

26.2

3,181,619

27.2

161,823

Operating income

784,5086.8

770,295

6.6(14,212)

Non-operating income

81,9260.7

170,874

1.4

88,947

Interest income

41,02333,434(7,588)Interest on securities

8,346

1,738

(6,608)Dividend income

7,367

103,378

96,011

Purchase discounts

6,394

8,203

1,809

Others

18,794

24,118

5,323

Non-operating expenses
Sales discount

12,7010.1

51,4990.4

38,797

548

589

40

Foreign exchange loss

9,673

50,69741,023

Loss on lease cancellation

2,421

211

(2,209)

57

0

(57)

OthersOrdinary income

853,734

7.4

889,671

7.6

35,937Extraordinary income
Gain on sales of investments
in securities

-

0.0

782

0.0

782

Extraordinary expenses
Loss on disposal and sales oftangible fixed assets
Loss on valuation ofaffiliates’ shares
Income before income
taxes
Income taxes
Current
Deferred

15,520Net income

-

782
0.1

398

782
0.0

(15,121)

782

398

(383)

14,738-(14,738)

838,2137.3

890,054

7.6

51,840235,162
123,0182.0
1.1

250,459
30,3102.1
0.3

15,296(92,708)

480,032

4.2

609,2845.2

129,252

20

Yushin Precision Equipment Co., Ltd.

(3) Non-Consolidated Statements of Changes in Net Assets (Units: ¥ thousands; rounded down)
Previous year

Current year

(April 1, 2009 to March 31, 2010)(April 1, 2010 to March 31, 2011)

1,985,666

1,985,666--

1,985,666

1,985,666

2,023,903

2,023,903--

2,023,903

2,023,903

2,023,903

2,023,903--

2,023,903

2,023,903

286,314286,314--286,314286,314--1,000,000

1,000,000

Total change in the current period--

Balance as of end of the current
period1,000,000

1,000,000

Shareholder’s Equity
Common stock
Balance as of end of the previous
periodChanges in the current period
Total change in the current
periodBalance as of end of the current
periodCapital surplus
Capital surplus reserve
Balance as of end of the previous
periodChanges in the current period
Total change in the current
periodBalance as of end of the current
periodTotal Retained earnings
Balance as of end of the previous
periodChanges in the current period
Total change in the current
periodBalance as of end of the current
periodRetained earnings
Earned reserve
Balance as of end of the previous
periodChanges in the current period
Total change in the current
periodBalance as of end of the current
periodOther retained earnings
Dividend equalization fund
Balance as of end of the previous
periodChanges in the current period

21

Yushin Precision Equipment Co., Ltd.

(Units: ¥ thousands; rounded down)
Previous year

Current year

(April 1,2009 to March 31,2010)(April 1, 2010 to March 31, 2011)

8,700,000

8,700,000－－

8,700,000

8,700,000

3,892,872

4,023,071(349,832)(174,909)

480,032

609,284

130,199434,375

4,023,071

4,457,446

13,879,187

14,009,389(349,832)(174,909)

480,032

609,284

130,199434,375

14,009,389

14,443,761(345,298)(346,098)(799)(1,110)(799)(1,110)(346,098)(347,208)

17,543,458

17,672,858

Dividend on surplus(349,832)(174,909)

Net Income

480,032

609,284(799)(1,110)129,399

433,264

17,672,858

18,106,122

Other reserve
Balance as of end of the previous
periodChanges in the current period
Total change in the current
periodBalance as of end of the current
periodEarned surplus carried forward
Balance as of end of the previous
periodChanges in the current period
Dividend on surplus
Net Income
Total change in the current
periodBalance as of end of the current
periodTotal Retained earnings
Balance as of end of the previous
periodChanges in the current period
Dividend on surplus
Net Income
Total change in the current
periodBalance as of end of the current
periodTreasury stock
Balance as of end of the previous
periodChanges in the current period
Acquisition of treasury stock
Total change in the current
periodBalance as of end of the current
periodTotal shareholder’s equity
Balance as of end of the previous
periodChanges in the current period

Acquisition of treasury stock
Total change in the current
PeriodBalance as of end of the current
period22

Yushin Precision Equipment Co., Ltd.

(¥ thousands; rounded down)
Previous year

Current year

(April 1, 2009 to March 31, 2010)(April 1, 2010 to March 31, 2011)

3,446

68,37464,927(17,318)

64,927(17,318)

68,37451,056

3,446

68,37464,927(17,318)

64,927(17,318)

68,37451,056

17,546,905

17,741,233

Dividend on surplus(349,832)(174,909)

Net Income

480,032

609,284(799)(1,110)64,927(17,318)

194,327

415,945

17,741,233

18,157,178

Valuation and Translation
adjustments
Unrealized gain on
available-for-sale securities
Balance as of end of the previous
periodChanges in the current period
Changes in items other thanshareholder’s equity
Total change in the current
periodBalance as of end of the current
periodTotal Valuation and Translation
adjustments
Balance as of end of the previous
periodChanges in the current period
Changes in items other thanshareholder’s equity
Total change in the current
periodBalance as of end of the current
periodTotal net assets
Balance as of end of the previous
periodChanges in the current period

Acquisition of treasury stock
Changes in items other thanshareholder’s equity
Total change in the current
periodBalance as of end of the current
period23

Yushin Precision Equipment Co., Ltd.