Financial Overview

(in millions of JPY)

	FY2008	FY2007	Rate of Change(%)	Factors
Overall
Sales	23,307	22,787	2.3	-
Ordinary profit	897	1,138	(21.2)	-
Net profit	274	533	(48.5)	-
Automotive Components Business
Sales	15,660	14,973	4.6	-Although sales started to drop sharply in October 2008, revenues increased from a year ago thanks to strong sales to both Mitsubishi Motors and Toyota Motor until September 2008.

R&D Expenditure

(in millions of JPY)

	FY2008	FY2007	FY2006
R&D Expenses	63	92	94
Personnel	9	11	12

R&D Organization
-Based on its long-term vision to develop innovative technology and products that translate into new areas of business, the R&D focus is set on developing IT related products and derivative technologies, which are secondary to the Company's existing business.

-Each division is responsible for different uses for and manufacturing methods of its products. Each division has its own R&D function. the Development headquarters is engaged in new products that do not belong to existing product groups.


Recent Developments (As of Nov. 2008)
-The Company conducted simulation of press forming.

Capital Expenditure

(in millions of JPY)

	FY2008	FY2007	FY2006
Total	2,448	3,617	498

-The investment focus was on acquiring the Toyota facility in Toyota City, Aichi Prefecture, Japan and installing new production equipment in this plant.

-The Automotive Parts Division has no plans to make any major investment as of the end of November, 2008.


Domestic Investments
-The Company announced the completion of the expansion work of stamping shop at the headquarters/main Plant and consequent kick-off of stamping operations utilizing a newly-installed 1,600-ton transfer press machine at the site. (From a press release on May 19, 2008)