Financial Overview

(in millions of JPY)

	FY2010 (ended Mar. 2011)	FY2009	Rate of Change	Factors
Overall
Sales	99,022	75,777	30.7%	-
Operating income	3,765	526	615.8%	-
Ordinary income	3,557	564	530.7%	-
Net income	1,481	(59)	-	-
Die Casting Division - Japan
Sales	65,624	55,439	18.4%	Sales rose, surpassing those of last year, supported by the robust production volume in Japan of completed automobiles that were exported. In addition, the Company received an increase in customer orders.
Operating income	1,929	26	7,319.2%	-
Die Casting Division - North America
Sales	16,020	10,763	48.8%	The Company received increased customer orders compared to those of last year as a result of auto sales recovering in North America.  Furthermore, the Company began supplying parts to a new customer located in Mexico.
Operating income	1,029	515	99.8%
Die Casting Division - Asia
Sales	11,666	5,435	114.6%	Caught up in the tailwind of strong auto sales in China triggered by the eco-car sales incentives sponsored by the Chinese government, the volume of customer orders recovered to a high level. In India, in addition to an increased volume of customer orders, the Company began supplying products to a new customer.
Operating income	723	287	151.9%
Aluminum Division
Sales	3,524	2,687	31.1%	Even though the volume of customer orders remained at about the same level as that of last year, the market for unprocessed ore rose.
Operating income	(13)	(188)	-	-

Recent Developments Outside Japan

-China
The Company will establish its second subsidiary in China to produce and sell die casting parts. The establishment will enable the Ahresty Group to further increase its presence in the die casting market in Asia. The new facility will be set up in the Hefei Economic and Technological Development Zone in Anhui Province in July this year, and operations are scheduled to begin in the same month next year. The company will hold a registered capital of 2 billion yen. Sales are expected to reach 2.3 billion yen in fiscal year 2012. (From an article in the Nikkan Jidosha Shimbun on May 26, 2010)

-Mexico
Ahresty Mexicana, S.A. de C.V., the Company's Mexican subsidiary, announced plans to expand the existing casting facility and to build a new plant for producing dies. The total investment in these projects will amount to approximately 4 million USD. (From a press release on April 20, 2010)

Business Restructuring

The Company announced its reorganization of domestic production facilities for aluminum die-cast components. The Hamamatsu Plant in Shizuoka Prefecture will be consolidated to the Toyohashi Plant in Aichi Prefecture by March 2013, and the name of the Toyohashi Plant will be changed to the "Tokai Plant." Domestic production of vehicles has consequently shrunk since the financial crisis in the fall of 2008, and the domestic market of die-cast products has fallen to three quarters of the level in 2007. Though cutting production capacity, the company intends to maintain employment of its workers. (From an article in the Nikkan Jidosha Shimbun on August. 6, 2010)

>>>Financial Forecast for the Next Fiscal Year(Sales, Operating Income etc.)

R&D Expenditure

(in millions of JPY)

-	FY2010	FY2009	FY2008
Group	940	875	1,095

R&D Structure

Name	Location
Technical Center	Aichi Pref. Japan

R&D Activities

-The Company, in nearly completing on-going improvements in suspension parts processing that makes use of an NI casting machine installed in the Higashi Murayama Plant, it continued with its standardization initiatives aimed at further enhancing its competitive advantages. In addition, the Company continued developing products designed for hybrid cars and next-generation diesel cars
-The Company is conducting R&D activities on jointing technology to where it can combine aluminum die-casting operations with metal/steel plates for parts used in auto-body frames and chassis.

Investment Expenditure

(in millions of JPY)

	FY2010	FY2009	FY2008
Group	7,929	6,070	11,964
Die Casting Division	7,890	6,056	11,885

Major Facilities Completed in FY2010 (Die-Cast Business)

Facilities and Subsidiaries	Details/Activities
Ahresty Precision Die Mold (Guangzhou) Co., Ltd.	Additional production facilities
Ahresty Mexicana, S.A. de C.V.	Additional production facilities

Current Capital Investments

(As of Mar. 31, 2010)

Name	Location	Type of facility	Planned investment (in millions of  JPY)	Start month	Planned completion	Increased capacity upon completion
The Company　Tokai plant	Aichi Pref., Japan	Facility producing die-cast products	800	Apr. 2011	Mar. 2012	-
Ahresty Tochigi Corporation	Tochigi Pref., Japan	Facility producing die-cast products	1,000	Apr. 2011	Mar. 2012	11%
Ahresty Mexicana, S.A. de C.V.	Zacatecas, Mexico	Facility producing die-cast products	550	Jan. 2011	Dec. 2011	19%
Ahresty Mexicana, S.A. de C.V.	Zacatecas, Mexico	Facility producing die-cast products	2,700	Jan. 2011	Dec. 2011	-
Ahresty India Private Limited	Haryana, India	Facility producing die-cast products	800	Apr. 2011	Mar. 2012	56%
Ahresty India Private Limited	Haryana, India	Facility producing die-cast products	100	Apr. 2011	Mar. 2012	-
Guangzhou Ahresty Casting Co., Ltd.	Guangdong, China	Facility producing die-cast products	650	Jan. 2011	Dec. 2011	10%
Guangzhou Ahresty Casting Co., Ltd.	Guangdong, China	Facility producing die-cast products	2,400	Jan. 2011	Dec. 2011	-
Hefei Ahresty Casting Co., Ltd.	Anhui, China	Facility producing die-cast products	1,600	Jan. 2011	Dec. 2011	-