P45-80 Financial Statements

Introduction

The Value Creation Story

The Vision of AIDA

Strategies for Achieving Our Vision Governance Financial/Corporate Data

Consolidated Balance Sheets

AIDA ENGINEERING, LTD. and Consolidated Subsidiaries As of March 31, 2025 and 2024

Millions of yen

Thousands of

U.S. dollars (Note 3)

Millions of yen

Thousands of

U.S. dollars (Note 3)

Assets 2025 2024 2025

Current assets

Non-current assets

Property, plant and equipment

Liabilities and net assets 2025 2024 2025

Issued: 67,204,621 shares in 2025 and 69,448,421 shares in 2024

Introduction

The Value Creation Story

The Vision of AIDA

Strategies for Achieving Our Vision Governance Financial/Corporate Data

Consolidated Statements of Income Consolidated Statements of Comprehensive Income

AIDA ENGINEERING, LTD. and Consolidated Subsidiaries For the years ended March 31, 2025 and 2024

AIDA ENGINEERING, LTD. and Consolidated Subsidiaries For the years ended March 31, 2025 and 2024

The accompanying notes are an integral part of these financial statements.

Introduction

The Value Creation Story

The Vision of AIDA

Strategies for Achieving Our Vision Governance Financial/Corporate Data

Consolidated Statements of Changes in Net Assets

AIDA ENGINEERING, LTD. and Consolidated Subsidiaries For the years ended March 31, 2025 and 2024

Consolidated Statements of Cash Flows

AIDA ENGINEERING, LTD. and Consolidated Subsidiaries For the years ended March 31, 2025 and 2024

Number of

Millions of yen

Total

Millions of yen

Thousands of

U.S. dollars (Note 3)

shares of common stock issued

Share

Capital

Retained

Treasury

Total share-holders'

Valuation difference on available-

for-sale

Deferred gains or losses

Foreign currency translation

Remeasurements of defined benefit

accumulated other comprehensive

Share acquisi-

Total

Cash flows from operating activities

2025 2024 2025

(Thousands)

capital

surplus

earnings

shares

equity

securities

on hedges

adjustment

plans

income

tion rights

net assets

Income before income taxes ¥ 6,297 ¥ 4,233 $ 42,118

Balance at April 1, 2023 69,448 ¥7,831 ¥13,007 ¥55,205 ¥(5,247) ¥70,796 ¥3,994 ¥(173) ¥3,463 ¥(130) ¥ 7,155 ¥91 ¥78,043

Cash dividends (1,921) (1,921) (1,921)

Net income attributable to owners of parent 2,808 2,808 2,808

Depreciation 1,960 2,021 13,108

benefit trust

Net changes of items other than shareholders' equity

Balance at March 31 and April 1, 2024

Cash dividends (1,923) (1,923) (1,923)

Cancellation of treasury stock

Disposal of treasury stock to stock benefit trust

Net changes of items other than

(442) (1,090)

Number of shares of

Thousands of U.S. dollars (Note 3)

Valuation

Remeas-

Total accumulated

common stock issued (Thousands)

Share capital

Capital surplus

Retained earnings

Treasury shares

Total share-holders' equity

difference on available-for-sale securities

Deferred gains or losses

on hedges

Foreign currency translation adjustment

urements of defined benefit plans

other comprehensive income

Share acquisition rights

Total net assets

Cash flows from investing activities

Purchase of property, plant and equipment (853) (1,219) (5,706)

Balance at April 1, 2024 69,448 $52,370 $87,130 $375,124 $(35,152) $479,473 $36,426 $(3,474) $38,490 $ (989) $70,452 $611 $550,537

The accompanying notes are an integral part of these financial statements.

Proceeds from sales of property, plant and equipment 22 326 151

Introduction

The Value Creation Story

The Vision of AIDA

Strategies for Achieving Our Vision Governance Financial/Corporate Data

Notes to Consolidated Financial Statements

AIDA ENGINEERING, LTD. and Consolidated Subsidiaries

1. BASIS OF PRESENTING CONSOLIDATED FINANCIAL STATEMENTS

   (8) Intangible assets

   Intangible assets including capitalized software costs are carried

   1. Accounting method for retirement benefits

      1. Attribution of expected retirement benefit payments

         The accompanying consolidated financial statements of AIDA ENGINEERING, LTD. ("AIDA") and its consolidated subsidiaries (collectively, "the Companies") have been prepared in accordance with the provisions set forth in the Financial Instruments and Exchange Act of Japan, and in conformity with accounting principles and practices generally accepted in Japan, which are different in certain respects as to application and disclosure

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

   1. Principles of consolidation

      The accompanying consolidated financial statements include the accounts of AIDA and any significant companies controlled directly or indirectly by AIDA. The number of consolidated subsidiaries was 20 in 2025 and 20 in 2024. Significant consolidated subsidiaries as of March 31, 2025 are as follows:

      • Domestic:

        REJ Co., LTD.

      • Overseas:

        CHINA

        AIDA ENGINEERING CHINA CO., LTD.

        AIDA PRESS MACHINERY SYSTEMS CO., LTD.

        ASIA

        AIDA GREATER ASIA PTE. LTD.

        AIDA MANUFACTURING (ASIA) SDN. BHD.

        AMERICAS

        AIDA AMERICA CORP.

        EUROPE

        AIDA S.r.l.

        (Remark)

        All significant inter-company transactions, balances, and unrealized inter-company profits are eliminated on consolidation.

        For consolidation purposes, the financial statements of those subsidiaries whose fiscal year-end date is December 31 have been included in consolidation on the basis of a full-year provisional closing of accounts as of March 31.

   2. Cash and cash equivalents

      Cash and cash equivalents in the consolidated statements of cash flows are composed of cash on hand, bank deposits able to be withdrawn on demand and short-term highly liquid investments with an original maturity of three months or less and which represent a minor risk of fluctuations in value.

   3. Inventories

      Finished goods and work in process are principally stated at the lower of cost or net realizable value determined by using the specific identification method. Raw materials are principally stated at the lower of cost or net realizable value determined by using the first-in first-out (FIFO) method.

      requirements from International Financial Reporting Standards (IFRS). Certain items presented in the consolidated financial statements filed with the Director of the Kanto Finance Bureau in Japan have been reclassified and rearranged for the convenience of readers outside Japan. Certain amounts in the prior year's financial statements have been reclassified to conform to the current year's presentation.

   4. Investment securities

      Other securities with market price are reported at the fair value at the balance sheet date, and the related unrealized gains or losses, net of applicable tax effects thereon, are reported in

      a separate component of net assets. The cost of securities sold is determined by the moving average method.

      Other securities with no market price are stated at the cost determined by the moving average method.

   5. Foreign currency translation

      Monetary receivables and payables denominated in foreign currency are translated into Japanese yen at the spot exchange rate on the consolidated balance sheet date, and exchange differences are accounted for as profit or loss.

      Meanwhile, assets and liabilities of foreign subsidiaries are translated into Japanese yen at the spot exchange rates on the consolidated balance sheet date, whereas their revenue and expenses are translated into Japanese yen at average exchange rates for their respective fiscal years, and translation adjustments are included in foreign currency translation adjustment in net assets.

   6. Derivative financial instruments and hedge accounting

      Derivative financial instruments are recognized as either assets or liabilities at fair value, and changes in fair value are recognized as gains or losses unless the derivative financial instruments are used for hedging purposes. If the derivative financial instruments meet certain hedging criteria, the gains or losses are deferred as deferred hedge gains and losses in net assets until the gains and losses on the underlying hedged transactions are recognized. The Companies enter into exchange contracts to hedge the foreign exchange fluctuation risks on expected foreign currency transactions in accordance with the internal policies and rules relating to derivative transactions. Hedge effectiveness is not assessed as the substantial terms and conditions of the hedging instruments and the expected foreign currency transactions are the same.

   7. Property, plant and equipment

   Property, plant and equipment, including significant renewals and improvements, are carried at cost. Maintenance and repairs including minor renewals and improvements are charged to the consolidated statement of income as incurred. Depreciation of property, plant and equipment in the Companies is mainly calculated by applying the straight-line method.

   at cost less accumulated amortization. Capitalized software costs are amortized under the straight-line method over the estimated useful life of 5 years.

   1. Leases

      Non-cancellable lease transactions that transfer substantially all risks and rewards associated with the ownership of assets are accounted for as finance leases. The finance lease transactions are capitalized to recognize leased assets for financial accounting purposes. All other lease transactions are accounted for as operating leases and related payments are charged to the consolidated statements of income as incurred.

      Leased assets under finance lease transactions that do not transfer the ownership to the lessee are depreciated using the straight-line method on the assumption that the useful life is equal to the lease term and the residual value is equal to zero. For leases with a residual value guarantee, the contracted residual value is considered to be the residual value.

   2. Allowance for doubtful accounts

      The allowance for doubtful accounts is provided based on the estimated uncollectible amounts for doubtful receivables in addition to the general provision for normal receivables computed by applying the rate computed based on past credit loss experience.

   3. Accrued warranty costs

      Accrued warranty costs are provided in the amount of estimated future warranty costs to be incurred in the period covered by the warranty contract.

   4. Accrued bonuses for employees

      Accrued bonuses for employees are provided based on the estimated amounts expected to be paid to employees after the year-end.

   5. Accrued bonuses for directors

      Accrued bonuses for directors are provided based on the estimated amounts expected to be paid to directors after the year-end.

   6. Provision for loss on orders received

      Provision for loss on orders received is provided based on the estimated future losses related to order contracts at the end of the fiscal year.

      Provision for loss on orders received included in the cost of sales amounted to ¥652 million (U.S. $4,362 thousand) and ¥869 million for the years ended March 31, 2025 and 2024, respectively.

   7. Accrued stock payments

   Accrued stock payments are provided in the amount of estimated future payments of treasury stock and money for employees based on the employee stock benefit regulations and for directors based on the officer stock benefit regulations.

   In calculating retirement benefit obligations, the benefit formula method is used to allocate the expected retirement benefit payments up to the fiscal year-end.

   1. 1. Actuarial gains and losses and prior service cost

         Actuarial gains and losses are being amortized by the straight-line method over certain periods of 10 years, which are within the average remaining years of service of the employees at the time.

         The amounts are recognized in each fiscal year, starting from the year following the respective fiscal year of occurrence.

         Prior service cost is expensed in the period of occurrence.

      2. Certain consolidated subsidiaries use a simplified method for calculating retirement benefit expenses and liabilities based on the assumption that the benefits payable, which are calculated as if all eligible employees voluntarily terminated their employment at fiscal year-end, approximate the retirement benefit obligation at year-end.

   2. Research and development costs

      Research and development costs are expensed as incurred.

   3. Recognition of significant sales and cost of sales

      1. Performance obligations

         The Companies are engaged in the manufacturing and sales of presses and their ancillary equipment and auxiliary business such as services.

         Customers are mainly suppliers in the automobile, home appliances and electronic devices industries.

      2. When the entity typically satisfies its performance obligations For sales of presses and ancillary equipment, revenue is recognized at the point in time when product installation or performance testing is completed.

         For services such as periodic checks, maintenance, repair and other services, revenue is recognized when a provision of the service is completed and performance obligation is satisfied.

         For sales of service parts, revenue is recognized when the customers accept the goods. Conditions for acceptance, such as shipping and receipt by customers depend on contracts or arrangements with customers and the like.

         The Companies manufacture and sell certain specialized presses and ancillary equipment. Each product is highly customized and it takes a certain period to complete construction because it is necessary to satisfy the specifications required by each customer, especially for mid-size and large-size presses.

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         In such cases, the Companies' performance does not create an asset with an alternative use to the Companies and the Companies have an enforceable right to payment for performance completed to date. Therefore, the Companies recognize revenue as the Companies satisfy a performance obligation, and revenue and cost of the construction contract in the current fiscal year are recognized in the consolidated statements of income provided that the Companies can reliably estimate contract revenue, contract cost, and percentage of completion at the end of the fiscal year. The percentage of completion at the end of the fiscal year is calculated based on the portion of actual costs incurred to total estimated contract costs.

         1. Main assumptions

            The Companies make assumptions in calculating revenue for which the performance obligations are satisfied over time about the total estimated contract costs. Each construction project is highly customized because the products are installed as a part of the customer's production line and the fundamental specifications and manufacturing steps are determined based on the customer's instructions. Therefore, it is difficult to set a standard criterion to estimate contract costs.

            Assumptions and judgments by responsible persons in the Cost Control Department who have expertise and experience are required in estimating inherently uncertain contract costs. The timely and appropriate review of contract costs is complex

         2. Risk of resulting in a material adjustment to the consolidated financial statements within the next fiscal year

            Uncertainty in estimating the market growth rate and gross margin rate of main products is high. Loss on impairment of assets could be recognized that could significantly affect the consolidated financial statements if conditions and assumptions are changed due to market deterioration, the decline in profitability, and so on.

            Recoverability of deferred tax assets

            (1) Amount recognized in the consolidated financial statements as of and for the current fiscal year

            Thousands of

            Standard and the proviso of Paragraph 65-2, (2) of the "Guidance on Accounting Standard for Tax Effect Accounting" (ASBJ Guidance No. 28, October 28, 2022; hereinafter "2022 Revised Guidance"). This change in accounting policy has no impact on the consolidated financial statements. Furthermore, regarding the revision related to the treatment in consolidated financial statements of deferred gains or losses for tax purposes arising from the sale of shares in subsidiaries between consolidated companies, the Company has applied the 2022 Revised Guidance from the beginning of the fiscal year ended March 31, 2025. This change in accounting policy has been applied retrospectively, and the consolidated financial statements for the previous fiscal year have been adjusted to reflect this retrospective application.

      3. Other notes and other items on revenue recognition deter-

         due to changes in the content of the contract and fluctuations

         Millions of yen

         U.S. dollars

         However, this change in accounting policy has no impact on the

         mined to be included in significant accounting policies

         The transaction price does not include a significant financing component in the contract because the payment is made within one year from the time of satisfaction of the performance obligations.

   4. Group Tax Sharing System

      AIDA and certain domestic subsidiaries apply the group tax sharing system.

   5. Significant accounting estimates

      Revenue recognition for construction contracts for which the performance obligations are satisfied over time

      1. Amount recognized in the consolidated financial statements as

         of material prices and man-hours during construction.

         (c) Risk of resulting in a material adjustment to the consolidated financial statements within the next fiscal year

         Uncertainty in estimating contract costs is high. Profit or loss recognition can significantly affect the consolidated financial statements if conditions and assumptions are changed due to higher-than-expected material prices and man-hours, and so on.

         Impairment of fixed assets of AIDA PRESS MACHINERY SYSTEMS CO., LTD.

         1. Amount recognized in the consolidated financial statements as of and for the current fiscal year

            Thousands of

            Year ended March 31 2025 2024 2025

            Deferred tax assets ¥3,262 ¥2,440 $21,818

            (Amount after deducting

            deferred tax liabilities) 554 385 3,708

            Of the above, the deferred tax assets recorded by AIDA are

            ¥2,001 million (U.S. $13,387 thousand) (61% of the total).

         2. Other information for users to understand the consolidated financial statements

            1. Calculation method

               The Companies recognize deferred tax assets to the extent of deductible temporary differences that are determined to be recoverable in accordance with "Implementation Guidance on

               consolidated financial statements for the previous fiscal year.

               1. Accounting standards issued but not yet effective

                  "Accounting Standard for Leases"

                  (Accounting Standards Board of Japan (ASBJ) Statement No. 34, September 13, 2024) and "Implementation Guidance on Accounting Standard for Leases" (ASBJ Guidance No. 33, September 13, 2024)

                  In addition, amendments to related Accounting Standards, Implementation Guidance, Practical Solutions, and Transferred Guidance

                  1. Overview

                     The aforementioned standard and guidance set forth treatment whereby lessees recognize all leases as assets and liabilities,

                     of and for the current fiscal year

                     Millions of yen

                     U.S. dollars

                     Recoverability of Deferred Tax Assets" (ASBJ Guidance No.

                     etc., consistent with international accounting standards.

                     Millions of yen

                     Thousands of

                     U.S. dollars

                     Year ended March 31 2025 2024 2025

                     Loss on impairment ¥ - ¥ - $ -

                     26). The recoverability is based on the earnings forecast and tax planning based on the business plan approved by a Board

                  2. Scheduled date of adoption to be applied from the fiscal year ending March 31, 2028.

                  Year ended March 31 2025 2024 2025

                  Net sales of construction contracts for which the

                  Carrying amount of property, plant and equipment, and

                  of Directors meeting.

            2. Main assumptions

               The Companies make assumptions in calculating the taxable

         3. Effect of adoption

         The effect of adoption of the aforementioned standard and guidance on the Company's consolidated financial statements

         performance obligations

         are satisfied over time Contract assets related to

         ¥20,213

         27%

         ¥21,535

         30%

         $135,177

         intangible assets 956 1,058 6,393

      2. Other information for users to understand the consolidated

      income in the future about expected order intakes and gross margin rate of main products in the business plan.

      is under evaluation.

      1. Changes in presentation

         the above ¥ 4,813 ¥ 5,305 $ 32,189

         1. Other information for users to understand the consolidated financial statements

            1. Calculation method

         The Companies manufacture and sell presses and ancillary equipment. Each product is highly customized and it takes

         a certain period to complete construction because it is necessary to satisfy the specifications required by each customer, especially for mid-size and large-size presses. In recognition of revenue for long-term construction contracts for which the performance obligations are satisfied over time, the revenue

         is recognized over a certain period based on the percentage of satisfaction of performance obligations. The estimate of the percentage of satisfaction of performance obligation is based on the ratio of construction costs incurred through the end of the period to the total estimated construction costs of each contract.

         financial statements

         1. Calculation method

            The Companies assess whether any asset (group) is impaired whenever any events or circumstances indicate that impairment might exist by comparing the future net undiscounted cash flows expected to be generated from the asset (group) to the carrying amount. The Companies reduce the carrying amount to the recoverable amount and recognize a loss on impairment when the net undiscounted cash flows in the future are less than the carrying amount. The recoverable amount is calculated as the higher of value in use and net realizable value.

            AIDA PRESS MACHINERY SYSTEMS CO., LTD. is identi-

            fied as one asset group and the recoverable amount of the asset is based on the value in use in calculating loss on impairment. The value in use is the net discounted cash flows in the future based on the business plan approved by a Board of Directors meeting.

         2. Main assumptions

            The Companies make assumptions in calculating the net cash flows in the future about expected order intakes, gross margin rate, and market growth rate of main products in the business plan and discount rate.

         3. Risk of resulting in a material adjustment to the consolidated

         financial statements within the next fiscal year

         There is uncertainty in estimating order intakes and the gross margin rate of the main product. Deferred tax assets could be additionally recognized or reserved and could significantly affect the consolidated financial statements if conditions and assumptions are changed due to market deterioration, the decline in profitability, and so on.

   6. Changes in Accounting Policies

   (Application of "Accounting Standard for Current Income Taxes" and related guidelines)

   The Companies has applied the "Accounting Standard for Current Income Taxes" (ASBJ Statement No. 27, October 28, 2022; hereinafter "2022 Revised Accounting Standard") and related guidelines from the beginning of the fiscal year ended March 31, 2025. Regarding the revision related to the classification of income taxes (taxation on other comprehensive income), the Company has adopted the transitional treatment prescribed in the proviso to Paragraph 20-3 of the 2022 Revised Accounting

   (Consolidated cash flow statement)

   In the previous consolidated fiscal year, "Decrease (increase) in other assets" and "Increase (decrease) in other liabilities" were separately presented in "Cash flows from operating activities." As they have become less important, they are now included in "Other, net" from this consolidated fiscal year. In order to reflect

   this change in presentation, the consolidated financial statements for the previous consolidated fiscal year have been reclassified.

   As a result, in the consolidated cash flow statement for the previous consolidated fiscal year, "Decrease (increase) in other assets" of (¥1,323 million), "Increase (decrease) in other liabilities" of ¥1,344 million, and "Other, net" of (¥1,669 million), which were presented in "Cash flows from operating activities," have been reclassified as "Other, net" of (¥1,647 million).

   1. Additional information

      Employee Stock Ownership Plan (ESOP) Trust (Retirement benefits type)

      Since December 2010, AIDA and certain domestic subsidiaries have operated an ESOP trust as an employee incentive plan with the aim of improving long-term corporate value.

      Introduction

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      1. Transaction summary

         In this transaction, employees are granted points as a form of bonus payment, and they will receive AIDA's shares depending on the number of accumulated points when they retire.

      2. Company's own stock in the trust

   Board Benefit Trust (BBT)

   Since October 2017, AIDA has introduced a BBT for the purpose of raising awareness of contributing to the improvement of medium- to long-term business results and increasing corporate value by further clarifying the link between the compensation of

   1. INVENTORIES

      "Inventories" on the consolidated balance sheets were as follows:

      Millions of yen

      Thousands of

      U.S. dollars

      AIDA's own stock in the trust is recorded in treasury stock under net assets based on the book value in the trust. The book value and the number of shares of treasury stock as of March 31, 2025 are ¥924 million (U.S. $6,184 thousand) and 3,222,300 shares, respectively.

      Employee Stock Ownership Plan (ESOP) Trust (Performance-linked type)

      As of March 31		2025	2024			2025
      Work in process		¥26		¥10		$176
      Total		¥26		¥10		$176

      Since March 2022, AIDA and certain domestic subsidiaries have

      directors (excluding outside directors; "Directors") and AIDA's share value, and by Directors sharing with shareholders not only the benefits of share price rises but also the risks of share price declines based on the resolution of the General Shareholders' Meeting held on June 19, 2017.

      1. Transaction summary

      In this transaction, Directors are granted points, the amount of which is to be decided by their respective positions and so on, based on the officer stock benefit regulations, and they will

      As of March 31 2025 2024 2025

      Finished goods ¥ 6,712 ¥ 5,538 $ 44,892

      Work in process 20,180 21,078 134,962

      Raw materials 4,987 4,675 33,354

      Inventories ¥31,881 ¥31,291 $213,208

      Inventories were offset by a corresponding provision for loss on orders received. A breakdown of the offset amounts is as follows:

      Thousands of

      operated an ESOP trust as an employee incentive plan with the aim of improving long-term corporate value.

      1. Transaction summary

         In this transaction, employees are granted points as a form of bonus payment, and they will receive AIDA's shares

         receive AIDA's shares and cash depending on the number of accumulated points when they retire.

      2. Company's own stock in the trust

      AIDA's own stock in the trust is recorded in treasury stock under net assets based on the book value in the trust. The

      Millions of yen

      U.S. dollars

      depending on the number of accumulated points after a certain time period.

      (b) Company's own stock in the trust

      AIDA's own stock in the trust is recorded in treasury stock under net assets based on the book value in the trust. The book value and the number of shares of treasury stock as of March 31, 2025 are ¥935 million (U.S. $6,258 thousand) and 883,681 shares, respectively.

      book value and the number of shares of treasury stock as of March 31, 2025 are ¥216 million (U.S. $1,447 thousand) and 242,500 shares, respectively.

      Gains recognized and credited to cost of sales as a result of reversal of loss on devaluation of inventories for the year ended March 31, 2025 were ¥16 million (U.S. $108 thousand).

      Losses recognized and charged to cost of sales as a result of the devaluation of inventories for the year ended March 31, 2024 were

      ¥112 million.

   2. FINANCIAL INSTRUMENTS
3. U.S. DOLLAR AMOUNTS

   The U.S. dollar amounts stated in the consolidated financial statements are included solely for the convenience of readers outside Japan. The rate of ¥149.53 = U.S. $1, the approximate rate of exchange as of March 31, 2025, has been used for

   the purpose of such translation. Those translations should not be construed as representations that the Japanese yen amounts actually represent, or have been, or could be converted into

   U.S. dollars at that rate.

   1. Status of Financial Instruments

      1. Policy for financial instruments

         Fund management is restricted to short-term deposits at banks; financing activities of the Companies are mainly through borrowings from financial institutions. Derivatives are not used for speculative transactions but are used in order to hedge the risks described below.

      2. Types of financial instruments and related risks

         Operating receivables (notes and accounts receivable - trade and contract assets, electronically recorded monetary claims

      3. Risk management for financial instruments

         1. Monitoring of credit risk (risk of default by counterparties) For operating receivables, AIDA's sales and service departments monitor account balances and payment schedules periodically by individual customers in accordance with the accounts receivable policies and identify and mitigate the default risk of customers at an early stage. The consolidated subsidiaries monitor credit risks in the same way in accordance with the policies.

            Derivative transactions are conducted only with financial

4. SUPPLEMENTARY CASH FLOW INFORMATION: CASH AND CASH EQUIVALENTS

   Cash and cash equivalents are reconciled to cash and deposits reported in the consolidated balance sheets as follows:

   As of March 31		2025		2024		2025
   Cash and deposits		¥35,856		¥33,316		$239,793
   Less: Time deposits with maturities of more than three months		(2,871)		(1,071)		(19,205)
   Cash and cash equivalents		¥32,984		¥32,244		$220,588

   Millions of yen

5. MATURED NOTES AT THE END OF THE FISCAL YEAR

Thousands of

U.S. dollars

- operating and accounts receivable - other) are exposed to customer credit risks. In addition, operating receivables in foreign currencies through global business activities are exposed to foreign exchange fluctuation risks. The Companies hedge such risks by utilizing forward exchange contracts.

Investment securities mainly consist of stocks and are exposed to price fluctuation risks.

Operating payables (accounts payable - trade and electronically recorded obligations - operating) are to be settled within 6 months. Some operating payables in foreign currencies through imports such as raw materials are exposed to foreign exchange fluctuation risks. The Companies hedge these risks

institutions with a high credit profile to minimize counterparty risks.

At the balance sheet date, the maximum credit risk is reported at the balance sheet amount of financial instruments exposed to credit risk.

1. 1. 1. Monitoring of market risk (risk of fluctuation in foreign exchange or market price)

         The Companies hedge the foreign exchange fluctuation risks on expected foreign currency transactions by utilizing forward exchange contracts in accordance with the internal policies and rules relating to derivative transactions.

         For investment securities, the Companies monitor the

         Matured notes at the end of the fiscal year and trade and electronically recorded obligations - operating are settled on the clearing dates or settlement dates. As the last day of the previous fiscal year was a business holiday for financial institutions in Japan, the following matured notes at the end of the fiscal year, electronically recorded monetary claims - operating, accounts receivable - other and electronically recorded obligations - operating have been included in the balance as of the end of the fiscal year.

         Thousands of

         by utilizing forward exchange contracts.

         The main purpose of borrowings is to fund capital investment and research and development, and the repayment periods are within 5 years at most.

         Derivatives include forward exchange contracts to hedge

         foreign exchange fluctuation risks arising from expected

         fair values of such investment securities and financial

         conditions of issuers regularly.

   2. Supplementary information on the fair value of financial instruments

      Since various assumptions and factors are reflected in estimating the fair value, different assumptions and factors could

      As of March 31		2025	2024			2025
      Notes and accounts receivable - trade		¥-		¥ 36		$-
      Electronically recorded monetary claims - operating		-		209		-
      Accounts receivable - other		-		281		-
      Electronically recorded obligations - operating		¥-		¥740		$-

      Millions of yen

      U.S. dollars

      foreign currency transactions.

      result in different fair values. In addition, the notional amounts of derivatives in Note 8, Derivative Financial Instruments, are not necessarily indicative of the actual market risk involved in derivative transactions.

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2. Information regarding fair value of financial instruments

   Carrying value of financial instruments on the consolidated balance sheets and fair value are as follows:

   Millions of yen Thousands of U.S. dollars

   As of March 31, 2025 Carrying value Fair value Difference Carrying value Fair value Difference

   Investment securities

   Other securities ¥9,632 ¥9,632 ¥ - $64,419 $64,419 $ -

   Total assets ¥9,632 ¥9,632 ¥ - $64,419 $64,419 $ -

   ¥1,500	¥1,479	¥ (20)		$10,031	$ 9,894	$(137)	Electronically recorded	Electronically recorded
   ¥1,500	¥1,479	¥ (20)		$10,031	$ 9,894	$(137)	monetary claims -	monetary claims -

   Long-term borrowings and current portion of long-term borrowings

   Total liabilities

   Remark 1: The redemption schedule for monetary claims or securities with maturities was as follows.

   As of March 31, 2025	Within 1 year	Over 1 year within 5 years	Over 5 years within 10 years	Over 10 years		As of March 31, 2025	Within 1 year	Over 1 year within 5 years	Over 5 years within 10 years	Over 10 years
   Cash at banks	¥35,840	¥-	¥-	¥-		Cash at banks	$239,688	$-	$-	$-
   Notes and accounts receivable - trade and contract assets	16,942	-	-	-		Notes and accounts receivable - trade and contract assets	113,307	-	-	-

   Millions of yen

   Thousands of U.S. dollars

   ¥ (235)	¥ (235)	¥ -		$ (1,574)	$ (1,574)	$ -
   (258)	(258)	-		(1,730)	(1,730)	-

   Derivative transactions which are not subject to hedge accounting*3

   Derivative transactions which are subject to hedge accounting*3

   *1 "Cash and deposits", "Notes and accounts receivable - trade and contract assets", "Electronically recorded monetary claims - operating", "Accounts receivable - other", "Accounts payable - trade", "Electronically recorded obligations - operating", "Accounts payable - other", and "Short-term borrowings" are omitted because they are cash or are settled within

   operating

   Accounts receivable -other

   Total

   1,912	-	-	-
   594	-	-	-
   ¥55,290	¥-	¥-	¥-

   Millions of yen

   operating

   12,791	-	-	-
   3,976	-	-	-
   $369,764	$-	$-	$-

   Accounts receivable -other

   Total

   a short time and the fair value is almost equal to the carrying value.

   *2 The amounts of non-marketable securities are recorded in the consolidated balance sheets as follows.

   Thousands of

   As of March 31, 2024

   Within 1 year

   Over 1 year within 5 years

   Over 5 years within 10 years

   Over 10 years

   ¥33,284	¥-	¥-	¥-
   19,006	-	-	-
   1,390	-	-	-

   Millions of yen U.S. dollars

   As of March 31, 2025 Carrying value Carrying value

   Other securities

   Unlisted stocks ¥346 $2,317

   *3 The assets and liabilities arising from derivative transactions are presented at net amounts.

   Millions of yen

   As of March 31, 2024 Carrying value Fair value Difference

   ¥10,850	¥10,850	¥-
   ¥10,850	¥10,850	¥-
   ¥ 1,500	¥ 1,492	¥ (7)
   ¥ 1,500	¥ 1,492	¥ (7)

   Investment securities Other securities

   Total assets

   Long-term borrowings and current portion of long-term borrowings

   Cash at banks

   Notes and accounts receivable - trade and contract assets

   Electronically recorded monetary claims -operating

   Accounts receivable -

   other 1,174 - - - Total ¥54,856 ¥- ¥- ¥-

   Remark 2: The repayment schedule for borrowings was as follows.

   Millions of yen

   Total liabilities

   Derivative transactions which are not subject

   to hedge accounting*3 ¥ (750) ¥ (750) ¥-

   Derivative transactions which are subject to

   hedge accounting*3 (841) (841) -

   *1 "Cash and deposits", "Notes and accounts receivable - trade and contract assets", "Electronically recorded monetary claims - operating", "Accounts receivable - other", "Accounts payable - trade", "Electronically recorded obligations - operating", "Accounts payable - other", and "Short-term borrowings" are omitted because they are cash or are settled within a short time and the fair value is almost equal to the carrying value.

   *2 The amounts of non-marketable securities are recorded in the consolidated balance sheets as follows.

   Millions of yen

   As of March 31, 2024 Carrying value

   Other securities

   Unlisted stocks ¥346

   *3 The assets and liabilities arising from derivative transactions are presented at net amounts.

   As of March 31, 2025 Within 1 year

   ¥1,620 500	¥- -	¥ - 500	¥ - 500	¥- -	¥- -
   ¥2,120	¥-	¥500	¥500	¥-	¥-
   Thousands of U.S. dollars
   Within 1 year	Over 1 year within 2 years	Over 2 years within 3 years	Over 3 years within 4 years	Over 4 years within 5 years	Over 5 years
   $10,835	$-	$ -	$ -	$-	$-
   3,343	-	3,343	3,343	-	-
   $14,179	$-	$3,343	$3,343	$-	$-
   Millions of yen
   Within 1 year	Over 1 year within 2 years	Over 2 years within 3 years	Over 3 years within 4 years	Over 4 years within 5 years	Over 5 years
   ¥1,469	¥ -	¥-	¥-	¥ -	¥-
   500	500	-	-	500	-
   ¥1,969	¥500	¥-	¥-	¥500	¥-

   Short-term borrowings

   Long-term borrowings and current portion of long-term borrowings

   Total

   As of March 31, 2025

   Short-term borrowings

   Long-term borrowings and current portion of long-term borrowings

   Total

   Over 1 year

   within 2 years

   Over 2 years

   within 3 years

   Over 3 years

   within 4 years

   Over 4 years

   within 5 years Over 5 years

   As of March 31, 2024

   Short-term borrowings

   Long-term borrowings and current portion of long-term borrowings

   Total

   Introduction

   The Value Creation Story

   The Vision of AIDA

   Strategies for Achieving Our Vision Governance Financial/Corporate Data

3. Fair value of financial instruments by levels

   The fair value of financial instruments is classified into the following levels according to the observability and materiality of the inputs used to calculate fair value.

   Level 1: Fair value derived from quoted prices in active markets for identical assets or liabilities.

   Level 2: Fair value derived from directly or indirectly observable inputs that are not included in Level 1 inputs.

   Level 3: Fair value derived from unobservable inputs.

   When multiple inputs that have a significant impact on the fair value calculation are used, the fair value is classified at the lowest priority level.

   1. Financial instruments recorded at fair value in the consolidated balance sheets

      Millions of yen Fair value

      ¥9,632	¥	- ¥-	¥9,632
      ¥9,632	¥	- ¥-	¥9,632

      As of March 31, 2025 Level 1 Level 2 Level 3 Total

   2. Financial instruments not recorded at fair value in the consolidated balance sheets

      						Unrealized gains				Unrealized gains
      Long-term borrowings			Types of securities	Carrying value	Acquisition cost	(losses)		Carrying value	Acquisition cost	(losses)
      and current portion of			Carrying value exceeds acquisition cost:

      Millions of yen Fair value

      As of March 31, 2025 Level 1 Level 2 Level 3 Total

      long-term borrowings ¥- ¥1,479 ¥- ¥1,479

      Total liabilities ¥- ¥1,479 ¥- ¥1,479

      	Fair va	lue
      Level 1	Level 2	Level 3	Total
      $-	$9,894	$-	$9,894
      $-	$9,894	$-	$9,894

      Thousands of U.S. dollars

      As of March 31, 2025

      Long-term borrowings and current portion of long-term borrowings

      Total liabilities

      1. INVESTMENT SECURITIES

         1. The carrying value and acquisition cost of other securities with market values were as follows:

            As of March 31, 2025 Millions of yen Thousands of U.S. dollars

            ¥8,674	¥1,855	¥6,818		$58,008	$12,411	$45,597
            8,674	1,855	6,818		58,008	12,411	45,597

            Stocks

            Sub-total

            Carrying value does not exceed acquisition cost:

            Sub-total	958	1,109	(151)		6,410	7,420	(1,009)
            Total	¥9,632	¥2,965	¥6,667		$64,419	$19,831	$44,587

            Stocks 958 1,109 (151) 6,410 7,420 (1,009)

            As of March 31, 2024 Millions of yen

            Unrealized gains

            Investment securities Other securities

            Total assets

            Currency-related
            transactions	¥ -	¥(494)	¥-	¥ (494)
            Total liabilities	¥ -	¥(494)	¥-	¥ (494)

            Derivative transactions

            Millions of yen Fair value

            As of March 31, 2024 Level 1 Level 2 Level 3 Total

            Long-term borrowings and current portion of

            long-term borrowings ¥- ¥1,492 ¥- ¥1,492

            Total liabilities ¥- ¥1,492 ¥- ¥1,492

            Types of securities Carrying value Acquisition cost

            ¥10,565	¥2,671	¥7,893
            10,565	2,671	7,893
            285	353	(68)

            Carrying value exceeds acquisition cost: Stocks

            Sub-total

            Carrying value does not exceed acquisition cost:

            		Sub-total	285	353	(68)
            Remark: Valuation techniques and inputs of fair value for financial		Total	¥10,850	¥3,024	¥7,825

            Stocks

            (losses)

            Thousands of U.S. dollars Fair value

            As of March 31, 2025 Level 1 Level 2 Level 3 Total

            $64,419	$ - $-	$64,419
            $64,419	$ - $-	$64,419

            Investment securities Other securities

            Total assets

            Derivative transactions

            $ -	$(3,305)	$-	$ (3,305)
            $ -	$(3,305)	$-	$ (3,305)
            Millions of yen
            Fair value
            Level 1 Level 2		Level 3	Total
            ¥10,850 ¥ -		¥-	¥10,850
            ¥10,850 ¥ -		¥-	¥10,850
            ¥ - ¥(1,591)		¥-	¥ (1,591)
            ¥ - ¥(1,591)		¥-	¥ (1,591)

            Currency-related transactions

            Total liabilities

            As of March 31, 2024

            Investment securities Other securities

            Total assets

            Derivative transactions

            Currency-related transactions

            Total liabilities

            instruments

            Derivative Transactions

            The fair value is calculated using observable inputs such as exchange rates and is classified as Level 2 fair value.

            Long-term borrowings and current portion of long-term borrowings

            The fair value is calculated using the discounted present value method based on the total principal amount and an interest rate that takes into account the remaining term of the debt and credit risk, and is classified as Level 2 fair value.

         2. Sales of other securities were as follows:

            Year ended March 31		2025	2024			2025
            Total sales amounts		¥828		¥375	$5,541
            Gains on sales		769		345	5,144

            Millions of yen

            Thousands of

            U.S. dollars

            Introduction

            The Value Creation Story

            The Vision of AIDA

            Strategies for Achieving Our Vision Governance Financial/Corporate Data

      2. DERIVATIVE FINANCIAL INSTRUMENTS

      Fair value information on the derivatives outstanding is summarized in the following tables:

      Forward exchange transactions:
      Sell -
      USD		¥3,715	¥1,605	¥(279)
      EUR	Expected	3,714	1,726	(440)
      JPY	foreign	61	-	10
      CNY Buy -	currency transactions	1,332	260	(110)

      As of March 31, 2025

      (2) Derivative transactions (hedge accounting applied)

      Currency-related transactions (deferred hedge accounting method)

      Millions of yen Contract value

      Contract value

      1. Derivative transactions (hedge accounting not applied) Currency-related transactions (non-market transactions)

         Millions of yen Thousands of U.S. dollars

         Contract value Contract value

         Main hedged item

         total Over 1 year Fair value

         Forward exchange transactions: Sell -

         USD EUR CNY

         Total

         Contract value

         total Over 1 year Fair value

         Unrealized gain (loss)

         Contract value

         total Over 1 year Fair value

         Unrealized gain (loss)

         USD	36	-	5
         EUR	17	-	(0)
         JPY	343	16	(27)
         Total	¥9,221	¥3,608	¥(841)
         10. BORROWINGS

         ¥ 679	¥344	¥ (22)	¥ (22)		$ 4,545	$2,305	$ (153)	$ (153)
         5,163	-	(214)	(214)		34,528	-	(1,433)	(1,433)
         331	-	1	1		2,217	-	11	11
         ¥6,174	¥344	¥(235)	¥(235)		$41,291	$2,305	$(1,574)	$(1,574)

      2. Derivative transactions (hedge accounting applied)

      Currency-related transactions (deferred hedge accounting method)

      Millions of yen Thousands of U.S. dollars

      Short-term borrowings and long-term borrowings are as follows:

      Contract

      value

      Contract

      value

      Main hedged item

      Contract value total

      Over 1 year

      Fair value

      Contract value total

      Over 1 year

      Fair value

      As of March 31, 2025

      Millions of yen

      Weighted average interest rate

      Repayment dates

      Thousands of U.S. dollars

      Forward exchange transactions:

      Short-term borrowings

      ¥1,620

      3.45%

      -

      $10,835

      Sell - USD		¥2,878	¥105	¥(122)	$19,252	$ 707	$ (815)
      EUR		1,415	513	(130)	9,463	3,436	(874)
      JPY CNY	Expected foreign	25 998	2 120	(0) 0	171 6,675	18 807	(6) 5

      500	0.59%	-	3,343
      1,000	1.41%	March 19, 2028 and March 30, 2029	6,687
      ¥3,120	-%	-	$20,867

      Current portion of long-term borrowings Long-term borrowings

      Total

      CAD	currency transactions	8	-	(0)	56	-	(0)	As of March 31, 2024	Millions of yen	Weighted average interest rate	Repayment dates
      Buy -								Short-term borrowings	¥1,469	4.85%	-
      EUR		18	-	0	126	-	4	Current portion of long-term borrowings	500	0.59%	-

      237 413	36 -	(0) (6)		1,588 2,766	247 -	(0) (42)		Long-term borrowings	1,000	0.87%	December 15, 2025 and March 30, 2029
      ¥5,996	¥780	¥(258)		$40,101	$5,217	$(1,730)		Total	¥2,969	-%	-

      JPY CNY

      Total

      As of March 31, 2024

      1. Derivative transactions (hedge accounting not applied) Currency-related transactions (non-market transactions)

         Repayment schedules for long-term borrowings as of March 31, 2025 are as follows:

         Thousands of

         Millions of yen

         As of March 31 U.S. dollars

         Forward exchange transactions: Sell -

         Millions of yen

         Contract value Contract value

         total Over 1 year Fair value

         Unrealized gain (loss)

         2026 ¥500 $3,343

         2027 - -

         2028 500 3,343

         2029 500 3,343

         2030 - -

         USD ¥ 879 ¥ 14 ¥(111) ¥(111)

         EUR 7,759 607 (620) (620)

         CNY 191 - (18) (18)

         Total ¥8,830 ¥622 ¥(750) ¥(750)

         Introduction

         The Value Creation Story

         The Vision of AIDA

         Strategies for Achieving Our Vision Governance Financial/Corporate Data

         11. RETIREMENT BENEFITS FOR EMPLOYEES

         AIDA and a certain domestic consolidated subsidiary have a cash balance plan as a defined benefit pension plan and a defined contribution pension plan. A certain consolidated subsidiary has a lump-sum payment plan and uses a simplified method for calculating retirement benefit expenses and liabilities.

         Certain overseas consolidated subsidiaries have a defined benefit pension plan and a defined contribution pension plan.

         1. Components of remeasurements of defined benefit plans included in other comprehensive income (before tax effect)

            Year ended March 31		2025	2024			2025
            Actuarial gain and loss		¥(105)		¥(24)		$(703)
            Total		¥(105)		¥(24)		$(703)

            Millions of yen

            Thousands of

            U.S. dollars

            (1) Defined benefit pension plan (a) Changes in retirement benefit obligation
            Millions of yen							Thousands of U.S. dollars
            Year ended March 31 2025					2024		2025
            Balance at the beginning of the year ¥4,769					¥4,901		$31,899
            Service cost 247					256		1,653
            Interest cost 28					29		193
            Actuarial gain and loss (11)					11		(78)
            Retirement benefits paid (308)					(441)		(2,062)
            Others (0)					12		(0)
            Balance at the end of the year ¥4,726					¥4,769		$31,605
            *Retirement benefit expenses of the certain consolidated subsidiary that uses a simplified method are included in "Service cost".
            (b) Changes in plan assets
            Millions of yen							Thousands of U.S. dollars
            Year ended March 31 2025 2024 2025
            Plan assets at the beginning of the year Expected return on plan assets		¥4,064 81		¥4,083 81		$27,179 543
            Actuarial gain and loss		(111)		22		(746)
            Contributions by the Company		130		129		873
            Retirement benefits paid		(213)		(252)		(1,425)
            Plan assets at the end of the year		¥3,951		¥4,064		$26,424

         2. Components of remeasurements of defined benefit plans included in accumulated other comprehensive income (before tax effect)

         As of March 31		2025	2024			2025
         Unrecognized actuarial loss		¥318		¥213		$2,129
         Total		¥318		¥213		$2,129
         (g) Fair value of plan assets by major category, as a percentage of total plan assets
         As of March 31		2025		2024
         Bonds		38.8%		36.1%
         Stocks		23.3%		27.5%
         General accounts		26.5%		25.7%
         Others		11.4%		10.7%
         Total		100.0%		100.0%

         Millions of yen

         Thousands of

         U.S. dollars

   3. Funded status of the plans and the amounts recognized in the consolidated balance sheets for the Companies' defined benefit plans

      The expected return on assets has been estimated based on the anticipated allocation to each asset class and the expected long-term returns on assets held in each category.

      (h) Actuarial assumptions used in the calculation for defined benefit pension plan
      As of March 31		2025		2024
      Discount rate Expected rate of return on plan assets Expected rate of salary increase		Mainly 0.7% Mainly 2.0% Mainly 2.9%		Mainly 0.7% Mainly 2.0% Mainly 2.9%
      Remark: The above table is indicated as a weighted average.

      As of March 31		2025		2024		2025	The contributions to the defined contribution plan of the Companies for the years ended March 31, 2025 and 2024 were ¥232 million
      Funded retirement benefit obligation		¥ 3,347		¥ 3,386		$ 22,383	(U.S. $1,557 thousand) and ¥199 million, respectively.
      Plan assets at fair value		(3,951)		(4,064)		(26,424)
      		(604)		(677)		(4,041)
      Unfunded retirement benefit obligation		1,378		1,383		9,222		12. NET ASSETS
      Net amount of liabilities and assets for retirement benefits in the consolidated balance sheet		¥ 774		¥ 705		$ 5,180		Information regarding changes in net assets was as follows:

      Millions of yen

      Thousands of

      U.S. dollars

      1. Defined contribution pension plan

      Retirement benefit liability		¥ 1,378		¥ 1,383		$ 9,222
      Retirement benefit asset		(604)		(677)		(4,041)
      Net amount of liabilities and assets for retirement benefits in the consolidated

      balance sheet ¥ 774 ¥ 705 $ 5,180

      Remark: The above table includes plans accounted for using the simplified method.

   4. Components of retirement benefit expenses

Thousands of

1. Shares issued and outstanding / Treasury stock During the year ended March 31, 2025

   Types of shares

   Shares issued:

   Common stock (Remark 1) Treasury stock:

   Common stock (Remarks 2, 3 and 4)

   Number of shares at

   April 1, 2024 Increase Decrease

   Number of shares at March 31, 2025

   69,448,421	-	2,243,800	67,204,621
   9,699,246	2,244,739	2,277,991	9,665,994

   Millions of yen

   U.S. dollars

   Year ended March 31		2025	2024			2025
   Service cost		¥247		¥256		$1,653
   Interest cost		28		29		193
   Expected return on plan assets		(81)		(81)		(543)
   Amortization of actuarial gain and loss		(5)		(35)		(34)
   Retirement benefit expenses		¥189		¥168		$1,268

   Remarks: 1. Details of the decrease are as follows:

   Decrease due to cancellation of treasury stock 2,243,800

   1. Details of the increase are as follows:

      Increase due to share buybacks 2,243,800

      Increase due to the purchase of shares of less than standard unit 939

   2. Details of the decrease are as follows:

      Decrease due to cancellation of treasury stock 2,243,800

      Decrease due to the grant of shares from ESOP trust 34,191

   3. The number of shares of treasury stock held by Trust Account E as of April 1, 2024 and March 31, 2025 includes 4,382,672 shares and 4,348,481 shares, respectively.

   *Retirement benefit expenses of the certain consolidated subsidiary that uses a simplified method are included in "Service cost".

   Introduction

   The Value Creation Story

   The Vision of AIDA

   Strategies for Achieving Our Vision Governance Financial/Corporate Data

   During the year ended March 31, 2024

   Types of shares

   Shares issued:

   Common stock Treasury stock:

   Common stock (Remarks 1, 2 and 3)

   Remarks: 1. Details of the increase are as follows:

   Number of shares at

   April 1, 2023 Increase Decrease

   Number of shares at March 31, 2024

   		As of		As of
   For the year ended March 31, 2024		April 1, 2023		March 31, 2024
   Receivables from contracts with customers Trade notes		¥ 329		¥ 498
   Accounts receivable		14,227		13,202
   Total receivables from contracts with customers		¥14,557		¥13,701
   Contract assets		¥ 7,948		¥ 5,305

   Millions of yen

   69,448,421	-	-	69,448,421
   9,736,558	85,164	122,476	9,699,246

   Increase due to the purchase of shares of less than standard unit 564

   Increase due to purchase of shares by BBT 84,600

   1. Details of the decrease are as follows:

      Decrease due to the grant of shares from ESOP trust 37,876

      Decrease due to disposition of treasury stock by third-party allocation 84,600

   2. The number of shares of treasury stock held by Trust Account E as of April 1, 2023 and March 31, 2024 includes 4,335,948 shares and 4,382,672 shares, respectively.

2. Share subscription rights

   During the year ended March 31, 2025

   Thousands of

   Contract assets are the Companies' rights to consideration for performance obligations recognized but not yet billed as of the year-end date for contracts with customers for the manufacture and sale of presses that meet the definition of the performance obligations satisfied over time. Contract assets become receivables from contracts with customers once the Companies' rights to the consideration become unconditional.

   (b) Transaction price allocated to the remaining performance obligations

   Of the ¥63,303 million (U.S. $423,351 thousand) order backlog (remaining performance obligation) as of March 31, 2025, 84.4% will be recognized as revenue within one year, and the remainder is expected to be recognized as revenue within approximately three years.

   Company Description

   Type of shares issued

   Number of shares at

   April 1, 2024 Increase Decrease

   Number of shares at March 31, 2025

   Millions of yen

   Balance at March 31, 2025

   U.S. dollars

   Balance at March 31, 2025

   Contract liabilities are mainly advance payments received from

   -	-	-	-
   -	-	-	-

   customers under certain payment terms for contracts with customers for the manufacture and sale of presses. Contract

   Of the ¥76,705 million order backlog (remaining performance obligation) as of March 31, 2024, 61.7% will be recognized as

   Parent

   company

   Share subscription

   rights as stock options

   Total

   - ¥91 $611

   - ¥91 $611

   liabilities are reversed upon recognition of revenue.

   Of the contract liabilities balance at the beginning of the fiscal year, revenue recognized for the years ended March 31, 2025 and 2024 were ¥11,670 million (U.S. $78,048 thousand) and ¥11,581 million, respectively.

   revenue within one year, and the remainder is expected to be recognized as revenue within approximately three years.

   During the year ended March 31, 2024

   Type of

   Number of shares at

   Number of shares at

   Millions of yen Balance at

   1. SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

      Company Description

      shares issued

      April 1, 2023 Increase Decrease

      March 31, 2024

      March 31, 2024

      The significant components of selling, general and administrative expenses are as follows:

      Parent company

      Share subscription rights as stock

      options - - - - - ¥91

      Millions of yen

      Thousands of

      U.S. dollars

      Total - - - - - ¥91

      2025 2024 2025

      			Salaries and wages		¥3,335		¥3,303		$22,305
      			Provision for accrued bonuses for employees		371		441		2,487
      13. REVENUE RECOGNITION			Retirement benefit expenses		91		97		612
      (1) Information regarding disaggregation of revenue from con-	(2) Basic information to understand revenue from contracts with

      tracts with customers

      Regarding net sales, revenue from contracts with customers and revenue from other sources are not separately presented. Information regarding disaggregation of revenue from contracts with customers was represented in "22. SEGMENT

      customers

      Basic information to understand revenue from contracts with customers was represented in "2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (17) Recognition of significant sales and cost of sales".

   2. RESEARCH AND DEVELOPMENT EXPENSES

      Research and development expenses included in "Cost of sales" and "Selling, general and administrative expenses" are summarized as follows:

      Thousands of

      INFORMATION (3) Information on sales, profit or loss, assets,

      Millions of yen

      U.S. dollars

      and other items by reportable segments".

3. Information to understand the amount of revenue in the current and subsequent fiscal years

(a) Contract assets and contract liabilities

Year ended March 31 2025 2024 2025

Selling, general and administrative expenses ¥ 614 ¥568 $4,106

Cost of sales 528 389 3,532

Total ¥1,142 ¥957 $7,639

As of

Millions of yen

As of

Thousands of

U.S. dollars As of

For the year ended March 31, 2025

Receivables from contracts with customers

April 1, 2024

March 31, 2025

March 31, 2025

Trade notes ¥ 498 ¥ 217 $ 1,452

Accounts receivable 13,202 11,912 79,666

Introduction

The Value Creation Story

The Vision of AIDA

Strategies for Achieving Our Vision Governance Financial/Corporate Data

1. INCOME TAXES

   The applicable statutory tax rate in Japan was approximately 30.6% for the years ended March 31, 2025 and 2024.

   1. Reconciliations of the differences between the effective income tax rates and statutory income tax rates are as follows:

      Year ended March 31 2025 2024

      									Thousands of U.S. dollars
      Non-deductible expenses (entertainment expenses and others) for tax purposes		2.0%		2.5%		As of March 31, 2025	Within 1 year	Over 1 year within 2 years	Over 2 years within 3 years	Over 3 years within 4 years	Over 4 years within 5 years	Over 5 years	Total
      Dividend income		(0.2%)		(0.3%)		Net operating loss carryforwards (a)	$ 220	$ 246	$ 378	$ 208	$ 263	$ 11,631	$ 12,948
      Inhabitant taxes per capita		0.4%		0.5%		Valuation allowance	(220)	(246)	(378)	(208)	(263)	(11,565)	(12,882)
      Difference of tax rates applied to overseas subsidiaries		(3.5%)		(3.0%)		Deferred tax assets	$ -	$ -	$ -	$ -	$ -	$ 65	$ 65
      Tax credit		(4.3%)		(0.1%)

      Statutory income tax rates 30.6% 30.6%

      Changes in valuation allowance	(9.8%)	2.2%
      Retained earnings of overseas subsidiaries	1.3%	2.3%
      Reduction of end-of-period deferred tax assets due to tax rate changes	(0.1%)	-%
      Others	2.6%	(1.0%)

      Effective income tax rates 19.0% 33.7%

   2. The major components of deferred tax assets and liabilities are as follows:

      Thousands of

      Millions of yen U.S. dollars

      1. Net operating loss carryforwards were the amount multiplied by the effective statutory tax rate.

      2. For the net operating loss carryforward of ¥1,936 million (U.S. $12,948 thousand) (amount multiplied by effective statutory tax rate), deferred tax assets of ¥9 million (U.S. $65 thousand) have been recorded.

         The deferred tax assets of ¥9 million (U.S. $65 thousand) are for part of the balance of the tax loss carryforward of

         ¥1,936 million (U.S. $12,948 thousand) (amount multiplied by

         effective statutory tax rate), mainly due to AIDA AMERICA CORP. and AIDA S.r.l.

         Net operating loss carryforwards were mainly arising from the recognition of the loss carryforwards by AIDA AMERICA CORP. in the fiscal year ended March 31, 2022 and by AIDA

         S.r.l. in the fiscal year ended March 31, 2018.

         The tax loss carryforward was determined to be recoverable as future taxable income is anticipated, and therefore, no corresponding valuation allowance has been recognized.

         As of March 31		2025	2024		2025
         Deferred tax assets: Loss on write-down of inventories		¥ 1,168		¥ 1,044	$ 7,811

         				Millions of yen
         As of March 31, 2024	Within 1 year	Over 1 year within 2 years	Over 2 years within 3 years	Over 3 years within 4 years	Over 4 years within 5 years	Over 5 years	Total
         Net operating loss carryforwards (a)	¥ 46	¥ 33	¥ 37	¥ 57	¥ 31	¥ 1,694	¥ 1,899
         Valuation allowance	(46)	(33)	(37)	(57)	(31)	(1,667)	(1,873)
         Deferred tax assets	¥ -	¥ -	¥ -	¥ -	¥ -	¥ 26	¥ 26

         Accrued warranty costs		214		195		1,436
         Accrued bonuses for employees		312		298		2,093
         Depreciation expense		450		477		3,013
         Accrued stock payments		209		185		1,402
         Long-term accounts payable - other		71		71		476
         Tax losses carried forward		1,936		1,899		12,948
         Retirement benefit obligation		392		398		2,625
         Loss on valuation of shares in affiliated companies		758		-		5,073
         Others		1,756		1,840		11,746
         Subtotal deferred tax assets		7,271		6,411		48,627
         Valuation allowance for net operating loss carryforwards		(1,926)		(1,873)		(12,882)
         Valuation allowance for deductible temporary differences		(2,082)		(2,098)		(13,926)
         Less: Valuation allowance		(4,008)		(3,971)		(26,808)
         Total deferred tax assets		3,262		2,440		21,818
         Deferred tax liabilities:
         Undistributed subsidiaries' earnings		(588)		(489)		(3,935)
         Reserve for reduction entry of replaced property		(424)		(417)		(2,841)
         Net defined benefit assets		(291)		(283)		(1,952)
         Fixed assets		(525)		(703)		(3,515)
         Unrealized gains on other securities		(2,111)		(2,374)		(14,119)
         Others		(26)		(13)		(174)
         Total deferred tax liabilities		(3,968)		(4,281)		(26,539)
         Net deferred tax assets (liabilities)		¥ (705)		¥(1,841)		$ (4,721)

         *1 The valuation allowance increased by ¥36 million (U.S. $246 thousand). The increase was mainly due to the ¥53 million (U.S. $355 thousand) increase in valuation allowance related to tax loss carryforwards at consolidated subsidiaries.

         *2 A breakdown of net operating loss carryforwards and valuation allowance by expiry date is as follows.

         1. Net operating loss carryforwards were the amount multiplied by the effective statutory tax rate.

         2. For the net operating loss carryforward of ¥1,899 million (U.S. $12,547 thousand) (amount multiplied by effective

            statutory tax rate), deferred tax assets of ¥26 million (U.S. $174 thousand) have been recorded.

            The deferred tax assets of ¥26 million (U.S. $174 thousand) are for part of the balance of the tax loss carryforward of

            ¥1,899 million (U.S. $12,547 thousand) (amount multiplied by effective statutory tax rate), mainly due to AIDA AMERICA CORP. and AIDA S.r.l. Net operating loss carryforwards were mainly arising from the recognition of the loss carryforwards by AIDA AMERICA CORP. in the fiscal year ended March 31, 2022 and by AIDA S.r.l. in the fiscal year ended March 31, 2018. The tax loss carryforward was determined to be recoverable as future taxable income is anticipated, and therefore, no corresponding valuation allowance has been recognized.

   3. Amendments to deferred tax assets and deferred tax liabilities due to a change in the rate of corporation tax

      In accordance with "the Act for Partial Amendment of the Income Tax Act" (Act No. 13, 2025), passed by parliament on

      March 31, 2025, the Defense Special Corporate Tax will take effect from the fiscal year beginning on or after April 1, 2026. Accordingly, the statutory tax rate used for calculating deferred tax assets and liabilities has been changed from 30.6% for

      the prior fiscal year to 31.5% for the temporary differences, etc., to be reversed in the fiscal years beginning on or after April 1, 2026.

      These tax rate changes resulted in an increase of ¥55 million (U.S. $367 thousand) in deferred tax liabilities (after deducting deferred tax assets) and a decrease of ¥3 million (U.S. $25 thousand) in income taxes-deferred in the current fiscal year.

   4. Application of the group tax sharing system

      AIDA and a certain domestic consolidated subsidiary applied the group tax sharing system from the beginning of the fiscal year ended March 31, 2023. As a result, with regard to accounting procedures and disclosure for income tax, local corporation tax and tax effect accounting, "Practical Solution on the Accounting and Disclosure under the Group Tax Sharing System" (Practical Issues Task Force No. 42, August 12, 2021; hereinafter referred to as "PITF No. 42") is applied.

      Introduction

      The Value Creation Story

      The Vision of AIDA

      Strategies for Achieving Our Vision Governance Financial/Corporate Data

2. LEASES

   Description of finance leases is omitted due to its insignificance as of March 31, 2025 and 2024.

   20. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

   Reclassification adjustments and tax effects allocated to each component of other comprehensive income are as follows:

   A summary of future payments under non-cancellable operating leases is as follows:

   Millions of yen

   Thousands of

   U.S. dollars

   Millions of yen

   Thousands of

   U.S. dollars

   Year ended March 31 2025 2024 2025

   Valuation difference on available-for-sale securities:

   As of March 31		2025		2024		2025	Amount arising during the year		¥ (388)		¥ 2,436		$(2,601)
   Operating leases:							Reclassification adjustments for gains and losses included in net income		(723)		(345)		(4,837)
   Due within 1 year		¥134		¥106		$ 896		Amount before tax effect		(1,112)		2,091		(7,438)
   Thereafter		86		119		580		Tax effect		263		(639)		1,760
   Total		¥220		¥225		$1,477		Valuation difference on available-for-sale securities		(849)		1,451		(5,677)
   								Deferred gains or losses on hedges:

   Amount arising during the year		(351)		(1,805)		(2,351)
   Reclassification adjustments for gains and losses included in net income		848		1,309		5,676
   Amount before tax effect		497		(496)		3,325
   Tax effect		(150)		149		(1,009)
   Deferred gains or losses on hedges		346		(346)		2,315
   Foreign currency translation adjustments: Amount arising during the year	1,127		3,300		7,541
   Reclassification adjustments for gains and losses included in net income	-		-		-
   Amount before tax effect		1,127		3,300		7,541
   Tax effect		(425)		(1,009)		(2,847)
   Foreign currency translation adjustments		701		2,291		4,694
   Remeasurements of defined benefit plans: Amount arising during the year	(99)		11		(668)
   Reclassification adjustments for gains and losses included in net income	(5)		(36)		(34)

3. RELATED PARTY TRANSACTIONS

   There were no transactions between AIDA and its related companies and individuals for the years ended March 31, 2025 and 2024.

4. PER SHARE INFORMATION

Shares held by the Custody Bank of Japan, Ltd. (Trust Account E) are treated as treasury stock on the consolidated financial statements. As a result, those shares have been excluded from the number of shares to calculate "Average number of shares outstanding during the years" and "Number of shares used for

computing net assets per share" shown below. The number of shares of treasury stock held by the Trust Account E as of April 1, 2024 and March 31, 2025 includes 4,382,672 shares and

4,348,481 shares, respectively.

Calculation of net assets per share and net income per share are as follows:

- Diluted*2 88.35 46.95 0.59

*1 Data used in the calculation of "Net assets per share" are as follows:

Thousands of

1. SEGMENT INFORMATION

   1. Overview of reportable segments

      Each foreign subsidiary is a single business entity, planning

      Millions of yen

      U.S. dollars

      The reportable segments of the Companies are components for which discrete financial information is available and whose operating results are regularly reviewed by management to make decisions about resource allocation and to assess performance.

      As of March 31		2025		2024		2025
      Total net assets on consolidated balance sheets		¥83,637		¥82,321		$559,338
      Total net assets attributable to shares of common stock		83,546		82,230		558,727
      Main differences: Stock options		91		91		611
      Number of shares outstanding (thousands of shares)		67,204		69,448		-
      Number of treasury stock (thousands of shares)		9,665		9,699		-
      Number of shares used for computing net assets per share (thousands of shares)		57,538		59,749		-
      *2 Data used in the calculation of "Net income - Basic" and "Diluted" are as follows:
      Year ended March 31		Millions 2025		of yen 2024		Thousands of U.S. dollars 2025
      Net income ¥ 5,101				¥ 2,808		$34,118
      Net income attributable to shares of common stock 5,101			2,808		34,118
      Average number of shares outstanding during the years (thousands of shares) 57,668			59,729		-
      Potential increase in common stock for the diluted income calculation (thousands of shares) 78			86		-
      Excluded potential increase in common stock for the diluted income calculation due to no dilutive effect (thousands of shares) 35			10		-

      The Companies operate within a single business related to the manufacture and sale of presses and their ancillary equipment and auxiliary business such as services.

      AIDA plays a key role in the domestic business.

      As for the overseas business, each local company, including those in China, Asia (mainly Singapore and Malaysia), Americas (mainly the U.S.A.), and Europe (mainly Italy), plays an important role.

      comprehensive business strategies for products and conducting business activities in each area. Accordingly, the Companies consist of geographic segments which have the fundamental function of manufacturing, sales, and service.

      Reportable segments are categorized into "Japan," "China," "Asia," "Americas" and "Europe."

   2. Basis for calculating sales, profit or loss, assets, and other items by reportable segments

      Accounting policies of the segments are substantially the same as those described in "Summary of Significant Accounting Policies."

      Operating income or loss is used as reportable segment profit or loss. Segment transactions are inter-company transactions and based on market prices.

      Introduction

      The Value Creation Story

      The Vision of AIDA

      Strategies for Achieving Our Vision Governance Financial/Corporate Data

   3. Information on sales, profit or loss, assets, and other items by reportable segments

   Millions of yen

   Japan	China	Asia	Americas	Europe	Sub total Adjustments*1 Consolidated*2
   ¥15,665	¥ 9,387	¥ 5,018	¥13,563	¥ 9,410	¥ 53,044 ¥ - ¥ 53,044
   6,333	1,122	2,191	4,397	4,260	18,306 - 18,306

   As of and for the year ended March 31, 2025

   Sales

   (1) Sales to third parties

   ① Presses

   ② Service

   (Related Information)

   1. Products and service information

      This information is omitted because similar information is disclosed in the segment information.

   2. Geographical information

   1. Sales

      For the year ended March 31, 2025

      Millions of yen Thousands of U.S. dollars

      ③ Others	4,540	40	37	-	37	4,655	-	4,655	Japan	U.S.A.	China	Others	Total		Japan U.S.A. China Others Total
      Subtotal	26,539	10,550	7,247	17,960	13,708	76,006	-	76,006	¥24,670	¥11,389	¥9,774	¥30,171	¥76,006		$164,985 $76,168 $65,367 $201,777 $508,299

      (2) Inter-segment sales 20,070		1,153		3,588		280		1,065	26,157			(26,157)	-
      Total sales 46,609		11,704		10,835		18,241		14,773	102,163			(26,157)	76,006 For the year ended March 31, 2024
      Segment profit	2,810	838		510		1,288		202	5,650		(120)		5,529
      Segment assets	85,531	14,202		13,540		14,761		17,382	145,418		(22,556)		122,862 Millions of yen
      Others
      Depreciation	1,100		145		251		237	225		1,960		(0)		1,960 Remark: Sales are presented based on customer location, and they are classified by country.
      Increase in property, plant, equipment and intangible assets	¥ 603	¥	55	¥	88	¥	82	¥ 109	¥	939	¥	-	¥	939 (2) Property, plant and equipment
      						Thousands of		U.S. dollars						As of March 31, 2025 Millions of yen Thousands of U.S. dollars

      Japan U.S.A. China Others Total

      ¥21,129 ¥11,558 ¥13,210 ¥26,844 ¥72,742

      March 31, 2025	Japan	China	Asia	Americas	Europe	Sub total	Adjustments*1	Consolidated*2		Japan	Italy	Others	Total		Japan	Italy	Others	Total
      Sales										¥13,434	¥2,620	¥4,172	¥20,227		$89,845	$17,524	$27,901	$135,271
      (1) Sales to third parties
      ① Presses	$104,762	$62,777	$33,563	$ 90,704	$ 62,932	$354,740	$ -	$354,740	As of March 31, 2024
      ② Service	42,358	7,507	14,655	29,408	28,494	122,424	-	122,424	Millions of yen
      ③ Others	30,362	274	249	-	248	31,134	-	31,134		Japan	Italy	Others	Total
      Subtotal	177,483	70,559	48,468	120,113	91,675	508,299	-	508,299		¥13,658	¥2,743	¥4,487	¥20,889

      As of and for the year ended

      (2) Inter-segment sales 134,220		7,713	23,995	1,877	7,125	174,933	(174,933)	-
      Total sales 311,704		78,272	72,464	121,990	98,800	683,233	(174,933)	508,299
      Segment profit	18,793	5,606	3,416	8,618	1,351	37,786	(805)	36,980
      Segment assets	572,003	94,979	90,553	98,722	116,245	972,503	(150,848)	821,654
      Others
      Depreciation 7,361 Increase in property,		975	1,678	1,585	1,509	13,109	(0)	13,108
      plant, equipment and intangible assets $ 4,039		$ 368	$ 593	$ 550	$ 730	$ 6,281	$ -	$ 6,281

      (Reportable segment information for impairment loss on fixed assets) For the year ended March 31, 2025

      There is no impairment loss on fixed assets.

      For the year ended March 31, 2024

      There is no impairment loss on fixed assets.

      As of and for the year ended

      Millions of yen

      (Reportable segment information for amortization and balance of goodwill)

      There is no amortization and ending balance of goodwill recorded as of and for the years ended March 31, 2025 and 2024.

      March 31, 2024 Japan China Asia Americas Europe Sub total Adjustments*1 Consolidated*2

      Sales

      (1) Sales to third parties

      ① Presses	¥13,948	¥10,144	¥ 4,719	¥12,134		¥11,171	¥ 52,118	¥	- ¥ 52,118
      ② Service	5,470	1,212	2,296	3,305		4,165	16,450		- 16,450
      ③ Others	4,063	23	55	-		30	4,173		- 4,173
      Subtotal	23,483	11,380	7,071	15,439		15,366	72,742		- 72,742
      (2) Inter-segment sales	19,420	414	3,764	601		1,139	25,339	(25,339)		-
      Total sales	42,904	11,794	10,836	16,041		16,506	98,082	(25,339)		72,742
      Segment profit or loss	1,112	797	1,193	397		293	3,794	(178)		3,615
      Segment assets	88,194	14,619	13,380	14,679		22,068	152,943	(26,747)		126,195
      Others
      Depreciation 1,220 Increase in property,		133	225		222	218	2,021		(0)	2,021
      plant, equipment and intangible assets ¥ 1,258	¥	91	¥ 264	¥	64	¥ 121	¥ 1,800	¥	-	¥ 1,800

      *1 Adjustments of sales represent elimination of inter-segment transactions.

      Adjustments of segment profit or loss represent elimination of inter-segment transactions.

      Adjustments of segment assets represent elimination between inter-segment receivables and payables.

      Adjustments of depreciation and increase in property, plant, equipment and intangible assets represent elimination of inter-segment transactions.

      *2 Segment profit or loss is adjusted to operating income of the consolidated statements of income.

      (Reportable segment information for gain on bargain purchase)

      There is no gain on bargain purchase recorded for the years ended March 31, 2025 and 2024.

      Introduction

      The Value Creation Story

      The Vision of AIDA

      Strategies for Achieving Our Vision Governance Financial/Corporate Data

2. STOCK OPTIONS

   The number of common shares to be granted for stock options is as follows:

   Fiscal year	Grantees	Number of common shares granted (shares)	Grant date	Exercise price per share (yen)	Exercise periods
   2007	Directors (4)	22,000	September 26, 2007	1	From September 27, 2007 to September 26, 2037
   2008	Directors (6)	36,000	September 25, 2008	1	From September 26, 2008 to September 25, 2038
   2009	Directors (6)	85,000	September 25, 2009	1	From September 26, 2009 to September 25, 2039
   2010	Directors (6)	79,000	September 24, 2010	1	From September 25, 2010 to September 24, 2040
   2011	Directors (7)	57,000	September 29, 2011	1	From September 30, 2011 to September 29, 2041
   2012	Directors (6)	62,000	November 29, 2012	1	From November 30, 2012 to November 29, 2042
   2013	Directors (6)	39,000	September 26, 2013	1	From September 27, 2013 to September 26, 2043
   2014	Directors (6)	28,000	September 29, 2014	1	From September 30, 2014 to September 29, 2044
   2015	Directors (6)	22,000	September 28, 2015	1	From September 29, 2015 to September 28, 2045
   2016	Directors (5)	25,000	September 29, 2016	1	From September 30, 2016 to September 29, 2046

   A summary of stock option activity is as follows:

   Exercise price per share (yen)	1	1	1	1	1	1	1	1	1	1	(5) Expected repurchase period: April 18, 2025 to July 31, 2025
   Average stock price when exercised (yen)	-	-	-	-	-	-	-	-	-	-	(6) Repurchase method: Purchase on the Tokyo Stock Exchange
   Fair value per share when granted (yen) Share subscription rights which are not yet vested	-	-	-	-	-	-	-	-	-	-
   Outstanding as of April 1, 2024 (shares)	-	-	-	-	-	-	-	-	-	-
   Granted (shares) Forfeited (shares)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	July 8, 2025*1 *1 The period of treasury stock repurchase is based on the execution
   Vested (shares)	-	-	-	-	-	-	-	-	-	-	date, and the date of treasury stock repurchase is based on the
   Outstanding as of March 31, 2025 (shares)	-	-	-	-	-	-	-	-	-	-	delivery date.

   1. Results of the repurchase

      • Class of shares repurchased: Common stock of the Company

      • Total number of shares repurchased: 3,242,600 shares

   • Total amount: ¥2,999 million (U.S. $20,062 thousand)

   • Period for repurchases: From April 18, 2025 to

   Granted fiscal year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

   Share subscription rights which have already been vested

   Outstanding as of April 1, 2024 (shares)	12,000	16,000	35,000	30,000	22,000	23,000	15,000	10,000	10,000	13,000
   Vested (shares)	-	-	-	-	-	-	-	-	-	-
   Exercised (shares)	-	-	-	-	-	-	-	-	-	-
   Forfeited (shares)	-	-	-	-	-	-	-	-	-	-
   Outstanding as of March 31, 2025 (shares)	12,000	16,000	35,000	30,000	22,000	23,000	15,000	10,000	10,000	13,000

   Because it is difficult to reasonably estimate the number of forfeited options in the future, the number of vested options is calculated based on historical data for the options that have not yet been vested, and the number.

3. SUBSEQUENT EVENTS

   1. Appropriation of retained earnings

      On June 25, 2025, at the General Meeting of Shareholders, the following appropriation of retained earnings was approved:

      Thousands of

   2. Repurchase of treasury stock

      AIDA resolved at the meeting of the Board of Directors held on March 28, 2025 to repurchase treasury stock in accordance with the Companies Act, Article 156, applied by replacement under Article 165, paragraph 3 of the same Act. In addition, at the Board of Directors meeting held on April 11, 2025, a resolution was passed to expand the scope of share repurchase and change the repurchase period (bringing forward the start of

      the repurchase).

      1. Reasons for share repurchase:

         AIDA will repurchase its own shares as part of its efforts to achieve its policy of aiming for "optimal level of equity capital" based on the new capital policy announced on May 15, 2025, which aims for ROE to exceed the cost of capital.

      2. Class of shares to be repurchased: Common shares of AIDA

      3. Total number of shares to be repurchased: 4,200,000 shares

         (maximum) (The percentage compared to the total number of shares issued (excluding treasury stock): 6.79%)

      4. Total amount: ¥3,000 million (U.S. $20,062 thousand)

      (maximum)

   3. Details of Cancellation of Treasury Stock

      AIDA resolved at the meeting of the Board of Directors held on March 28, 2025 to cancel treasury stock in accordance with the Companies Act, Article 178.

      1. Class of shares to be cancelled: Common shares of AIDA

      2. Total number of shares to be cancelled: All of the shares to be repurchased (described in Remark 2 above)

      3. Date of cancellation: September 30, 2025

      4. Reasons for Cancellation of Treasury Stock

      Increasing shareholder returns and improving capital efficiency.

   4. Business combinations (HMS Products Co.)

      AIDA resolved that AIDA AMERICA CORP., a subsidiary of the Company, acquired all shares of HMS Products Co. (hereafter referred to as "HMS") and make it a wholly owned subsidiary at the Board of Directors meeting held on March 13, 2025. The Company acquired all shares of HMS Products Co. on

      April 1, 2025.

      including presses as well as automation equipment and factory automation, such as material feeders and automatic transfer feeders.

      HMS, which became a subsidiary through this share acquisition, is a U.S.-based company that designs and manufactures automation equipment and feeders. HMS possesses advanced technological and service capabilities and has a long history of working in partnership with us

      to supply solutions to customers. The addition of HMS to the Group will strengthen the Group's automation system R&D capabilities and improve the competitiveness of

      its products.

      Users in North America especially prefer local procurement due to factors such as import costs, maintenance concerns, service support, and product specifications.

      Accordingly, making HMS a subsidiary will enable us to provide integrated press and automation solutions to customers in North America.

      1. Business combination date April 1, 2025

      2. Statutory form of the business combination Stock purchase for cash as consideration

      3. Company name after combination No change.

      4. Ratio of voting rights acquired 100%

      5. Grounds for determining acquiring company

      AIDA AMERICA CORP., a subsidiary of AIDA, acquired the shares for cash as consideration.

      1. Acquisition cost of the acquired company, and consideration for the acquisition and breakdown thereof by consideration type Consideration for acquisition: Cash and deposits U.S. $5.5

         million Acquisition cost: U.S. $5.5 million

         Note that the amount shown is tentative, as part of the consideration for the acquisition is not yet determined.

      2. Major acquisition-related costs Compensation and fees for advisors, etc.:

         Approx.: U.S. $405 thousand

      3. Amount of goodwill that occurred, cause for the occurrence, amortization method, and amortization period

         1. Amount of goodwill that occurred

            U.S. $93 thousand

         2. Cause for the occurrence

            Generated from the anticipated future excess earning power.

         3. Amortization method and period Straight-line amortization over 9 years

      4. Total amounts and principal breakdowns of assets received,

         and liabilities assumed on the effective date of the business combination

         Total assets		$11,903
         Current liabilities Non-current liabilities		$ 6,401 -
         Total liabilities		$ 6,401

         Millions of yen

         U.S. dollars

         (1) Overview of the business combination

         Cash dividends (¥37.00 (U.S. $0.24) per share) ¥2,289 $15,313

         The amount includes dividends of ¥160 million (U.S. $1,075 thousand) on shares (4,348,481 shares as of March 31, 2025) held by the Trust Account E.

         1. Name and nature of business of acquired company

            Name of the acquired enterprise: HMS Products Co.	Current assets		$10,249
            Nature of business: Design and manufacture of automation	Non-current assets		1,654

            equipment and feeders, etc.

         2. Primary reasons for business combination

            As a comprehensive manufacturer of press forming systems, the Company supports its customers' manufacturing by providing solutions for the entire production line,

            Thousands of U.S. dollars

            Introduction

            The Value Creation Story

            The Vision of AIDA

            Strategies for Achieving Our Vision Governance Financial/Corporate Data

            Independent Auditor's Report

      5. Contents of contingent consideration specified in the business combination agreement and accounting policy for the current and subsequent reporting periods

         1. Contents of contingent consideration

            The Company will pay contingent consideration based on the level of future performance achieved by the acquired company.

         2. Accounting policy for the current and subsequent reporting periods

            If additional consideration is paid upon acquisition, the acquisition cost will be adjusted as if it had been paid at the time of acquisition. The amount of goodwill and the amortization of goodwill will also be adjusted accordingly.

      6. Amount allocated to intangible assets other than goodwill, breakdown of each major type of intangible asset, and weighted average amortization period for the total and major types

      Weighted average amortization

      small presses to large presses and including automation-for entire press lines.

      Following the acquisition, we will take advantage of the fact that both HMS and Dallas are located near Detroit to achieve synergistic expansion through additional investments in the joint operation of their factories, production equipment, and systems, etc.

      Also, across our entire group, we will achieve further synergies in the development of automation systems and provision of solutions, including AI utilization, by strengthening global collaboration encompassing our FA division, R&D division, and our domestic subsidiary REJ (Automation Control).

      Moreover, this initiative will enable US customers to locally procure not only presses but also automation, which will help reduce cost burdens resulting from US tariff policies.

      1. Business combination date

         October 31, 2025

         The Board of Directors

         AIDA ENGINEERING, LTD.

         The Audit of the Consolidated Financial Statements Opinion

         We have audited the accompanying consolidated financial statements of AIDA ENGINEERING, LTD. and its consolidated subsidiaries (the Group), which comprise the consolidated balance sheet as at March 31, 2025, and the consolidated statements of income, comprehensive income, changes in net assets, and cash flows for the year then ended, and notes to the consolidated financial statements.

         In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as at March 31, 2025, and its

         Type Amount

         period

      2. Statutory form of the business combination

         consolidated financial performance and its consolidated cash flows for the year then ended in

         Trademark rights US $300 thousand 7 years Customer-related assets US $600 thousand 5 years Total US $900 thousand 5.7 years

   5. Business Combinations (Dallas Industries)