TDF Business report FY2008

Business Highlights

Financial Overview

(in millions of JPY)

	FY2008	FY2007	Rate of Change (%)	Factors
Overall
Sales	19,715	24,308	(18.9)	-
Operating income	(404)	1,179	-	-
Ordinary income	(334)	1,668	-	-
Net income	(720)	836	-	-

Business outside Japan
-The Company announced its planned merger-absorption of Tohoku Seikou, effective July 1, 2008. The Company has decided that the business of Tohoku Seikou, its wholly-owned subsidiary which engages in machine processing of forged products, be merged as part of the Company's overall effort to streamline operations and improve productivity within the group. (From a press release on May 19, 2008)