< Translation >May 14, 2020

Consolidated Financial Results for the Fiscal Year
Ended March 31, 2020 <under Japanese GAAP>
Company Name: YUSHIN PRECISION EQUIPMENT CO., LTD.
Listing:First Section of the Tokyo Stock Exchange

Securities code: 6482
URL:

https://www.ype.co.jp/en/

Representative:

Mayumi Kotani, President and Representative Director

Inquiries:

Masahito Fukui, Executive Officer and General Manager of Corporate Management Department
Tel: +81-75-933-9555 (from overseas)

Scheduled date of annual general shareholders’ meeting:June 24, 2020

Scheduled date to commence dividend payments:

June 5, 2020

Scheduled date to submit annual securities report:

June 26, 2020

Preparation of supplementary materials on financial results:

Yes

Holding of financial results briefing:

Yes (for analysts)(Amounts less than one million yen are omitted, unless otherwise noted)

1. Consolidated Financial Results for the FY2020 (from April 1, 2019 to March 31, 2020)(1) Consolidated operating results(Percentages indicate year-on-year changes)
Net sales

Operating profit

Millions of yen%

Millions of yen%

Millions of yen

FY202020,011(8.3)
2,309 (16.3)
FY201921,833
4.6
2,760
17.0
Note: Comprehensive income
FY2020: 1,301 million yen [(33.7) %]Basic earnings
per share

Diluted earnings
per share

Yen

Millions of yen

%

1,532
2,205
(21.0)
1,903
2,791
14.7
FY2019: 1,962 million yen [16.8 %](19.5)
17.0%

Ratio of ordinary
profit tototal assets

Return on equity

Yen

FY202045.01
FY201954.54
Reference: Equity in earnings (losses) of affiliates

Profit attributable toowners of parent

Ordinary profit%

Ratio of operating
profit to
net sales

%

%

5.7
6.8
7.2
8.5
FY2020: - million yen
FY2019: - million yen

11.5
12.6

(2) Consolidated financial position
Total assets

Net assets

Net assets
per share

Equity ratio

Millions of yen

Millions of yen%

Yen

31,93333,19727,471
27,11785.3
80.9

800.04783.03As of March 31, 2020
As of March 31, 2019

Reference: Equity capital (Net assets less Non-controlling interests)
As of March 31, 2020: 27,229 million yen

As of March 31, 2019: 26,861 million yen

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(3) Consolidated cash flows
Net cash provided by(used in) operating
activities

Net cash provided by(used in) investing
activities

Net cash provided by(used in) financing
activities

Cash and cash
equivalents
at end of period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

3,558
2,291

(1,475)(61)(946)(1,316)

5,652
4,669

FY2020FY20192. Cash Dividends
Annual dividends per share
1Q

FY2019FY2020
FY2021(Forecast)

2Q

3Q

4Q

Total cash
dividends(annual)

Total

Dividend payout
ratio(consolidated)

Ratio ofdividends to net
assets(consolidated)

Yen

Yen

Yen

Yen

Yen

Millions of yen

%

%

-

8.00
8.00

-

9.00
10.00

17.00
18.00

588
612

30.9
40.0

2.2
2.2

-

-

-

-

-

-

* Dividends for the FY2021(Forecast) have yet to be determined.

3. Consolidated Earnings Forecasts for the FY2021 (from April 1, 2020 to March 31, 2021)
Net sales

Operating profit(Percentages indicate year-on-year changes)
Basic
Profit attributable toOrdinary profit
earnings
owners of parent
per share

Millionsof yen%Millionsof yen%Millionsof yen%Millionsof yen%YenFirst six months
ending September
30, 2020

7,500(27.6)

105(91.6)

105(91.0)

50(94.0)

1.47

FY2021

17,000(15.1)

1,150(50.2)

1,150(47.8)

780(49.1)

22.90* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying
changes in scope of consolidation): None
(2) Changes in accounting policies, changes in accounting estimates, and restatement
1) Changes in accounting policies due to revisions to accounting standards and other regulations: None
2) Changes in accounting policies due to other reasons:None3) Changes in accounting estimates:
None4) Restatement:
None(3) Number of issued shares (common stock)1) Number of issued sharesat the end of the period(including shares of treasury shares)
2) Number of shares of treasury sharesat the end of the period
3) Average number of outstanding shares
during the period

As of March 31,
2020

35,638,066
shares

As of March 31,
201935,638,066
Shares

As of March 31,
2020

1,602,454
shares34,057,918
shares

As of March 31,
2019

1,333,548
Shares34,901,663
shares

FY2020FY2019

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the FY2020 (April 1, 2019 - March 31, 2020)(1) Non-consolidated operating results
Net sales
FY2020FY2019(Percentages indicate year-on-year changes)
Ordinary profit
ProfitOperating profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

14,751
17,474(15.6)
4.5

1,276
2,045

(37.6)
45.2

1,644
2,570

(36.0)
22.9

1,213
1,889

(35.8)
17.3

Basic earnings
per share
FY2020FY2019Diluted earnings
per share
Yen

Yen

35.64
54.13

-

(2) Non-consolidated financial position
Total assets

Total net assets

Net assets
per share

Equity ratio

Millions of yen

Millions of yen%

Yen

As of March 31, 2020

27,86625,05089.9

736.01

As of March 31, 2019

28,635

24,774

86.5

722.19Reference: Equity capital (Net assets)
As of March 31, 2020: 25,050 million yen

As of March 31, 2019: 24,774 million yen* This financial information included in this summary is out of scope of audit procedure.
* Cautionary statement with respect to forward-looking statements and other special remarks
The forecast above is based on the information currently available. A number of factors could cause actual results todiffer materially from expectations. For more information about these assumptions and notes regarding the use of
earnings forecasts, please refer to “1. Overview of operating results, (4) Business forecasts” on page 3 of [Attached
Material].

* Disclaimer:This English version is not an official translation of the original Japanese document. In cases where any differences occur between the English version
and the original Japanese version, the Japanese version shall prevail. YUSHIN PRECISION EQUIPMENT CO., LTD. shall accept no responsibility or
liability for damages or loss caused by any error, inaccuracy, misunderstanding or misspelling with regard to this translation. This translation may be
used only for reference purposes. YUSHIN PRECISION EQUIPMENT CO., LTD. maintains the right to claim compensation from violators for any
damage or loss it may suffer from the violation of these conditions.

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)[Attached Material]
INDEX

1. Overview of Operating Results ·······························································································2(1) Overview of operating results for the fiscal year ended March 31, 2020 ············································2(2) Overview of financial condition for the fiscal year ended March 31, 2020 ··········································2(3) Overview of cash flow for the fiscal year ended March 31, 2020·····················································3(4) Business forecasts ··········································································································3
2. Selection of Accounting Standards ···························································································33. Consolidated Financial Statements and Major Notes ······································································4(1) Consolidated balance sheets ·······························································································4(2) Consolidated statements of income and consolidated statements of comprehensive income······················6Consolidated statements of income ·······················································································6Consolidated statements of comprehensive income ·····································································7(3) Consolidated statements of changes in equity ··········································································8(4) Consolidated statements of cash flows ················································································· 10(5) Notes to consolidated financial statements ············································································· 11
Notes related to regarding premise of going concerns ································································ 11
Segment information etc. ································································································· 11
Per share indexes ·········································································································· 13
Significant subsequent events ···························································································· 13
Order, backlog and sales ·································································································· 14
Overseas sales ·············································································································· 14
4. Other ··························································································································· 151YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

1. Overview of Operating Results(1) Overview of operating results for the fiscal year ended March 31, 2020
Regarding the global economy during this fiscal year under review, due to uncertainties about the future,including trade friction between the United States and China, the willingness of companies to make capital
investments has been declining globally. Furthermore, since the beginning of 2020, the spread of COVID-19
worldwide has slowed down the economic activities of each country. As a result, concerns over the global economic
slowdown have intensified, and the environment surrounding us has become even more severe.
Under these circumstances, YUSHIN Group has continued to develop new customer base on global scale.
However, orders received during this fiscal year have remained lower compared to the previous fiscal year.
Regarding the outcome for this fiscal year under review, sales of custom-ordered equipment increased significantly,
especially in the medical field overseas. On the other hand, sales of take-out robots did not grow from the beginningof the period in Asia due to the restraint of capital investment, and the sales in Japan also slowed down from thesecond half. As a result, the consolidated net sales decreased by 8.3% year on year to 20,011 million yen. Operating
profit decreased 16.3% year-on-year to 2,309 million yen, although expenses were suppressed due to cost
reductions by streamlining operations and reductions in depreciation expenses. Ordinary profit decreased 21.0%
year on year to 2,205 million yen due to foreign exchange losses, and Profit attributable to owners of parent
decreased 19.5% year on year to 1,532 million yen.
For the purpose of expanding sales channels and expanding the service system in the European market, weestablished a wholly owned subsidiary Yushin Europe GmbH in Germany and started operations in June 2019. We
are accelerating the construction of sales channels by exhibiting at the K exhibition, which is the world's largest
trade fair for plastics and rubber held in Germany in October 2019.
Operating result by product category< Take-out robots >Net sales of take-out robots decreased by 2,742 million yen (17.7%) from theprevious FY to 12,770 million yen.
< Custom-ordered equipment >Net sales of custom-ordered equipment increased by 1,175 million yen (40.8%)
from the previous FY to 4,056 million yen owing to sales growth in overseas.
< Parts and maintenance service > Net sales of parts and maintenance service decreased by 254 million yen (7.4%)
from the previous FY to 3,185 million yen.
Operating result by segment category< Japan >Net sales decreased by 15.6% from the previous FY to 14,751 million yen and operating profit
decreased by 37.6% from the previous FY to 1,276 million yen.
< North America > Net sales decreased by 15.4% from the previous FY to 2,912 million yen and operating profit
decreased by 12.3% to 269 million yen.
< Asia >Net sales decreased by 23.0% from the previous FY to 4,003 million yen and operating profit
decreased by 46.1% to 287 million yen.
< Europe >Net sales increased by 187.4% from the previous FY to 2,637 million yen and operating profit
increased by 181.7% from the previous FY to 230 million yen.

(2) Overview of financial condition for the fiscal year ended March 31, 2020
< Assets >Total assets decreased by 1,263 million yen from the end of the previous fiscal year to
31,933 million yen. This was mainly due to decrease of 1,434 million yen in Notes and accounts
receivable - trade.
< Liabilities > Total liabilities decreased by 1,618 million yen from the end of the previous fiscal year to 4,461
million yen. This was mainly due to decrease of 436 million yen in Notes and accounts payable –trade and 485 million yen in Advances received.
< Net assets > Net assets increased by 354 million yen from the end of the previous fiscal year to 27,471
million yen due to increase of Retained earnings by 951 million yen.

2

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(3) Overview of cash flow for the fiscal year ended March 31, 2020
The balance of cash and cash equivalents on March 31, 2020 increased by 983 million yen from the end of
the previous fiscal year to 5,652 million yen. Main reasons are as follows.
< Cash flow from operating activities >Profit before income taxes was 2,208 million yen. After deducting 1,007 million yen in Income taxes paid,
1,307 million yen in Decrease in trade receivables, and 813 million yen in Decrease in inventories, cash flow fromoperating activities for the fiscal year ended March 31, 2020 was a net inflow of 3,558 million yen (it was a net
inflow of 2,291 million yen in the previous fiscal year).
< Cash flow from investment activities >Due to Proceeds from withdrawal of time deposits by 1,650 million yen and Payments into time deposits by 2,952
million yen, cash flow from investment activities for the fiscal year ended March 31, 2020 was a net outflow of 1,475
million yen (it was a net outflow of 61 million yen in the previous fiscal year).
< Cash flow from financing activities >Due to Purchase of treasury shares by 316 million yen and Cash dividends paid of 581 million yen, cash flowfrom financing activities for the fiscal year ended March 31, 2020 was a net outflow of 946 million yen (it was a
net outflow of 1,316 million yen in the previous fiscal year).

(4) Business forecasts
The outlook for the business is highly uncertain due to the spread of COVID-19 infection and the prolonged
US-China trade friction. Depending on the future spread of COVID-19 infection, there is concern that it may havea negative impact on corporate activities over a long period of time, such as disruption of the supply chain andrestrictions on various business activities.
Despite this difficult market environment, we place the highest priority on the safety of customers, business
partners and employees, paying close attention to COVID-19 infections. We will also develop and sell take-out
robots that are adapted to each region of global market, and promote the enhancement of services that utilizing
IoT and AI. For custom-ordered equipment, we will continue working to expand sales and to cultivate new
businesses in order to respond to the increasing automation needs in Japan and overseas.
In addition, we will enhance productivity by improving work quality, efficiency, and speed by strengthening
cooperation between departments with promoting the use of telework, utilizing IT tools, and promoting work styleefficiency.
The current outlook for the fiscal year ending March 2021 is as follows.
Since the global appetite for capital investment continues to decline and the impact of COVID-19 is
widespread, the outcome is expected to fall below this fiscal year. Under these circumstances, we believe thatcertain demand can be expected for medical-related products and containers for hygiene products. Our plastic
injection molding take-out robot and peripheral automation equipment have been introduced into various
industries.
The forecast for the current fiscal year ending March 2021 is as follows.
(Consolidated Earnings Forcasts)
Net sales
Operating income
Ordinary income
Net income attributable to shareholders of the parent

17,000 million yen
1,150 million yen
1,150 million yen
780 million yen

Y/Y (15.1)%
Y/Y (50.2)%
Y/Y (47.8)%
Y/Y (49.1)%

2. Selection of Accounting Standards
YUSHIN plans to continue its policy of generating consolidated financial statements according to Japanesestandards in consideration of the fact YUSHIN does not conduct global funding and to enable the comparison withother Japanese companies in the same sector.
With regard to the adoption of IFRS, YUSHIN will take into account the situation across various domestic andinternational markets and take appropriate action.

3

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

3. Consolidated Financial Statements and Major Notes(1) Consolidated balance sheets<ASSETS>
Current assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Consumption taxes receivable
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
LandConstruction in progress
Other, net
Total property, plant and equipment
Intangible assets
Other
Total Intangible assets
Investments and other assets
Investment securities
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

4

As of March 31, 2019

(Thousands of yen)
As of March 31, 2020

6,362,933
6,844,705
717,394
1,696,139
3,619,833
34,295
707,880(18,327)
19,964,853

8,646,219
5,410,654
772,690
1,120,628
3,165,533
19,143
276,266(19,247)
19,391,889

4,995,284
147,766
6,130,716
8,549
126,148
11,408,464

4,554,294
137,466
6,107,772
10,19996,244
10,905,978429,392
429,392

358,333
358,333

218,062
294,037
705,335
196,910(19,795)
1,394,549
13,232,406
33,197,260

159,973285,556
658,373
193,669(20,403)
1,277,168
12,541,479
31,933,368

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(Thousands of yen)
<LIABILITIES>Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Accounts payable - other
Income taxes payable
Advances received
Provision for bonuses
Provision for bonuses for directors
Provision for product warranties
Other
Total current liabilities
Non-current liabilities
Provision for retirement benefits for directors
Retirement benefit liability
Deferred tax liabilities
Other
Total non-current liabilities
Total liabilities<NET ASSETS>
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

5

As of March 31, 2019

As of March 31, 2020

1,331,229
1,035,982
492,256
523,827
1,755,449
273,647
37,520147,609
262,5435,860,064

895,133
803,258
418,287
137,9141,270,310
267,606
23,410178,399
256,484
4,250,803

66,78065,72337,32449,882219,710
6,079,775

66,78062,91934,43846,466
210,6034,461,407

1,985,666
2,023,903
23,579,393(1,039,026)
26,549,936

1,985,666
2,023,903
24,531,217(1,355,167)
27,185,619

56,815

16,443

184,923
69,743
311,482
256,066
27,117,484
33,197,260(34,487)
62,16944,125242,216
27,471,961
31,933,368

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(2) Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Thousands of yen)
FY2020FY2019Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest and dividend income
Subsidy income
Other
Total non-operating income
Non-operating expenses
Sales discounts
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
Total extraordinary income
Extraordinary losses
Loss on sales and retirement of non-current assets
Other
Total extraordinary losses
Profit before income taxes
Income taxes – current
Income taxes – deferred
Total income taxes

21,833,399
13,092,179
8,741,219
5,980,416
2,760,802

20,011,700
11,991,662
8,020,037
5,710,541
2,309,496

10,47849,49949,965
109,943

13,42833,05546,484

1,105
77,406869
79,381
2,791,364

1,170
147,975
1,801
150,947
2,205,033

2,423
2,423

5,669
5,669

9,924
214
10,1382,783,649
930,324(110,525)
819,799

1,185
1,000
2,185
2,208,516
565,497
63,770629,267

ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

1,963,849

1,579,248

60,414
1,903,435

46,397
1,532,851

6

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

Consolidated statements of comprehensive income(Thousands of yen)
FY2020FY2019ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income(Comprehensive income attributable to)Comprehensive income attributable to ownersof parent
Comprehensive income attributable tonon-controlling interests

7

1,963,849

1,579,248(40,288)
26,03812,760(1,489)1,962,360(40,371)(230,213)(7,573)(278,159)
1,301,089

1,896,507

1,265,494

65,85235,594

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(3) Consolidated statements of changes in equity
FY2019(Thousands of Yen)
Shareholders’ equity

Balance at the beginning ofcurrent period

Share capital

CapitalsurplusRetainedearnings

Treasuryshares1,985,666

2,023,903

22,270,517(354,848)

Total
Shareholders’equity25,925,238

Changes during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury shares
Net changes in items otherthan shareholders’ equity(594,559)(594,559)

1,903,435

1,903,435(684,178)(684,178)

Total changes during period--

1,308,876(684,178)

624,697

Balance at the end of current
period

1,985,666

2,023,903

23,579,393(1,039,026)

26,549,936

Accumulated other comprehensive income

Balance at the beginning ofcurrent period

Valuationdifference
on availablefor-salesecurities

Foreigncurrencytranslation
adjustment

Remeasurements ofdefinedbenefit plans

Total
accumulated
othercomprehensi
ve income

Noncontrollinginterests

Total net
assets97,103

164,323

56,982

318,409228,385

26,472,034

Changes during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury shares
Net changes in items otherthan shareholders’ equity(594,559)
1,903,435(684,178)(40,288)

20,60012,760(6,927)

27,68020,752

Total changes during period(40,288)

20,60012,760(6,927)

27,680645,450

Balance at the end of current
period56,815

184,923

69,743

311,482

256,066

27,117,484

8

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)
FY2020(Thousands of Yen)
Shareholders’ equity

Balance at the beginning ofcurrent period

Share capital

CapitalsurplusRetainedearnings

Treasuryshares

Total
Shareholders’equity1,985,666

2,023,903

23,579,393(1,039,026)

26,549,936

Changes during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury shares
Net changes in items otherthan shareholders’ equity(581,027)(581,027)

1,532,851

1,532,851(316,140)(316,140)

Total changes during period--

951,824(316,140)

635,683

Balance at the end of current
period

1,985,666

2,023,903

24,531,217(1,355,167)

27,185,619

Accumulated other comprehensive income

Balance at the beginning ofcurrent period

Valuationdifference
on availablefor-salesecurities

Foreigncurrencytranslation
adjustment

Remeasurements ofdefinedbenefit plans

Total
accumulated
othercomprehensi
ve income

Noncontrollinginterests

Total net
assets56,815

184,923

69,743

311,482

256,066

27,117,484

Changes during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury shares
Net changes in items otherthan shareholders’ equity(581,027)
1,532,851(316,140)(40,371)(219,441)(7,573)(267,356)(13,849)(281,206)

Total changes during period(40,371)(219,441)(7,573)(267,356)(13,849)

354,476

Balance at the end of current
period16,443(34,487)

62,16944,125242,216

27,471,961

9

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(4) Consolidated statements of cash flows(Thousands of yen)
FY2020FY2019Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in allowance for doubtful
accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for bonuses
for directors
Increase (decrease) in retirement benefits asset andliability
Interest and dividend income
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Increase (decrease) in other current liabilities
Other, net
SubtotalInterest and dividends received
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of non-current assets
Proceeds from sales of non-current assets
Purchase of intangible assets
Purchase of long-term investment securities
Proceeds from sales of long-term investment securities
Net cash provided by (used in) investing activities
Cash flows from financing activities
Purchase of treasury shares
Dividends paid
Dividends paid to non-controlling interests
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

102,783,649
782,356

2,208,516
705,095(1,734)

4,552

16,798(5,986)

7,680(14,110)

13,9291,408(10,478)
175,208(540,161)(518,717)
592,418(86,884)
3,214,062
11,006(933,763)(13,428)
1,307,530
813,754(537,980)(405,313)
489,223
4,553,262
12,735(1,007,680)

2,291,306

3,558,317(1,653,208)
1,850,000(193,299)
8,651(74,006)(92)
234(61,720)(2,952,483)
1,650,000(144,620)
10,340(39,136)(1,475,900)(684,178)(594,412)(38,172)(1,316,763)(316,140)(581,259)(49,444)(946,845)(7,077)(151,632)

905,7443,763,302
4,669,046

983,939
4,669,046
5,652,986

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)(5) Notes to consolidated financial statements
Notes related to regarding premise of going concerns
Non applicable
Segment information etc.
a. 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 of determining the allocation of resources and evaluating performance.
YUSHIN carries out the development, production, sales and after-sales maintenance of take-out
robots for injection-molded products and peripheral equipment, including labor-saving systems. In thedomestic market, these operations are handled by the Company; overseas markets - North America, Asia
(South Korea, Taiwan, China, Indonesia, Vietnam, Malaysia, Thailand and India) and Europe (UK and
Germany) - are serviced by local subsidiaries, including Yushin America Inc. (US), Yushin Korea Co.,
Ltd. (South Korea), Yushin Automation Ltd. (Europe) and other local ones. The local subsidiaries are
independently managed units, with separately drafted strategies and activities.
Accordingly, YUSHIN's operations, based on its production, sales and after-sales maintenance setups,
are geographically grouped into four reportable segments: Japan, North America, Asia and Europe.
2. Method of calculating sales and profit (loss), identifiable assets, and other items by business segment
reported
Accounting policies for the reportable business segments are the same as “Basis of Presenting
Consideration Financial Statements”.
Income by business segment reported is calculated based on operating profit.
Inter-segment profit and transfer are based on realized market price basis.

11

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)
3. Information related to sales and profit (loss), identifiable assets, and other items for each reportablesegment
FY2019 (from April 1, 2018 to March 31, 2019)(Thousands of yen)

Reportable segment
Japan
Net sales
Sales tocustomers
Inter-segment
sales or transfers

North
America

Asia

Europe

Total

Adjustment*1

Amounts
shown onconsolidated
statements ofincome *2

12,581,843

3,412,629

4,924,642

914,283

21,833,399-

21,833,399

4,892,377

28,806

275,678

3,679

5,200,542(5,200,542)

-

Total

17,474,221

3,441,436

5,200,320

917,963

27,033,941(5,200,542)

21,833,399

Segment profit

2,045,337

307,226

533,055

81,935

2,967,555(206,752)

2,760,802

Segment assets

22,684,398

2,159,515

3,987,955

2,051,971

30,883,841

2,313,419

33,197,260

702,174

34,36925,346

16,455778,344

4,011

782,356

Other items
Depreciation

Increase inincrement of
210,977
7,340
20,116
18,063
256,496
256,496
tangible &intangible assets*Notes 1: Adjustment is as follows.
(1) The (206,752) thousand yen adjustment to segment profit includes eliminations for inter-segment
transactions of 25,481 thousand yen and inventory adjustments of (232,234) thousand yen.
(2) The 2,313,419 thousand yen adjustment to segment assets includes eliminations for inter-segment
transactions of (2,774,192) thousand yen and operating funds of surplus assets by the Company (cash anddeposits) and long-term investments funds (investments securities) of 5,087,611 thousand yen.
*Notes 2: Segment profit is adjusted to be consistent with operating profit shown on the consolidated statements of income.
FY2020 (from April 1, 2019 to March 31, 2020)(Thousands of yen)

Reportable segment
Japan
Net sales
Sales tocustomers
Inter-segment
sales or transfers

North
America

Asia

Europe

Total

Adjustment*1

Amounts
shown onconsolidated
statements ofincome *2

10,757,748

2,899,423

3,718,304

2,636,223

20,011,700-

20,011,700

3,993,494

12,997

284,807

1,572

4,292,872(4,292,872)

-

Total

14,751,243

2,912,420

4,003,112

2,637,795

24,304,573(4,292,872)

20,011,700

Segment profit

1,276,239

269,374

287,563

230,829

2,064,007

245,4882,309,496

Segment assets

19,988,749

2,185,266

3,662,469

1,830,034

27,666,521

4,266,847

31,933,368

628,686

34,011

24,32916,436

703,464

1,631

705,095

Other items
Depreciation

Increse inincrement of
144,667
19,807
10,91523,528
198,920
198,920
tangible &intangible assets*Notes 1: Adjustment is as follows.
(1) The 245,488 thousand yen adjustment to segment profit includes eliminations for inter-segment
transactions of 35,403 thousand yen and inventory adjustments of 210,085 thousand yen.
(2) The 4,266,847 thousand yen adjustment to segment assets includes eliminations for inter-segment
transactions of (2,552,677) thousand yen and operating funds of surplus assets by the Company (cash anddeposits) and long-term investments funds (investments securities) of 6,819,525 thousand yen.
*Notes 2: Segment profit is adjusted to be consistent with operating profit shown on the consolidated statements of income.

12

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)
Per share indexes(Yen)
FY2019FY2020Book-value per share (BPS)

783.03800.04

Earnings per share (EPS)

54.54

45.01

*Notes 1: Net income per share fully diluted is not shown since there is none.
*Notes 2: The bases for calculating Earnings per share (EPS) are followings.
(Thousands of yen)
FY2019Profit attributable to owners of parent

FY20201,903,435

1,532,851--

1,903,435

1,532,851

34,901,663 shares

34,057,918 shares

Amount not attributable to general shareholders
Profit attributable to owners of parent
for common shares
Average number of shares*Notes 4: The bases for calculating Book-value per share (BPS) are followings.
(Thousands of yen)
As of March 31, 2019
Total net assets
Amounts deducted from total net assets(Portion of non-controlling interest)
Net assets at fiscal year-end applicable to commonsharesNumber of common shares at fiscal year-end usedin calculating book-value per share
Significant subsequent events
Non applicable13

As of March 31, 2020

27,117,484

27,471,961

256,066

242,216(256,066)(242,216)

26,861,418

27,229,745

34,304,518 shares

34,035,612 shares

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

Order, backlog and sales(1) Orders
1) Order received
Products(Thousands of yen)
FY2019FY2020Changes (%)

Take-out robots

15,549,415

11,885,742(23.6)

Custom-ordered equipment

3,679,328

2,997,030(18.5)

Parts and maintenance service

3,418,311

3,168,566

(7.3)

Total

22,647,055

18,051,339(20.3)

2) Backlog of orders
Products(Thousands of yen)
As of March 31, 2019

As of March 31, 2020

Take-out robots

3,004,533

2,120,148(29.4)

Custom-ordered equipment

3,120,502

2,061,460(33.9)

Parts and maintenance service

225,547

208,613

(7.5)

Total

6,350,583

4,390,222(30.9)(Thousands of yen)

(2) Net sales
Products

Changes (%)

FY2019FY2020Changes (%)

Take-out robots

15,512,592

12,770,127(17.7)

Custom-ordered equipment

2,880,736

4,056,072

40.8

Parts and maintenance service

3,440,070

3,185,499

(7.4)

Total

21,833,399

20,011,700(8.3)

Overseas sales
FY2019 (from April 1, 2018 to March 31, 2019)
North
AmericaI

Overseas sales(Thousands of yen)

3,233,505

Asia

Europe7,692,508

939,573

Other areas
663,028

II Consolidated net sales
III Ratio of overseas sales toconsolidated net sales (%)

Overseas sales

14.8

35.2

4.3

3.0

57.4

(Thousands of yen)

3,343,857

Asia

Europe5,900,112

2,079,859

Other areas
527,965

II Consolidated net sales
III Ratio of overseas sales toconsolidated net sales (%)

12,528,615
21,833,399

FY2020 (from April 1, 2019 to March 31, 2020)
North
America
I

Total

Total
11,851,794
20,011,700

16.7

29.5

14

10.4

2.6

59.2

YUSHIN PRECISION EQUIPMENT CO., LTD. (6482)

4. OtherAppointment and Retirement of Directors and Auditors
1. Representative
Non applicable
2. Other Members (Effective on June 24, 2020)(1) Candidate for new Director
Takayo Kotani, Managing Director and General Manager of R&D Division(currently Executive Officer and General Manager of R&D Division)
Masahito Fukui, Director and General Manager of Corporate Management Department(currently Executive Officer and General Manager of Corporate Management Department)
Kota Oda, Director and General Managar of General Affairs Department(currently Executive Officer and General Managar of General Affairs Department)(2) Candidate for new Corporate Auditor
Katsumi Noda, Corporate Auditor (Full-time)
End of Materials

15