Financial Overview

(in millions of JPY)

	FY2009	FY2008	Rate of Change(%)	Factors
Overall
Sales	13,956	23,307	(40.1)	-
Operating income	(387)	926	-	-The company posted an operating loss for the first time in 54 years; it also recorded a net loss for the first time in 9 years.
Ordinary income	(324)	897	-
Net income	(282)	274	-
Automotive Components Business
Sales	10,187	15,660	(34.9)	-Sales decreased significantly year-on-year due to a large drop in sales volume.

R&D Expenditure

(in millions of JPY)

	FY2009	FY2008	FY2007
Overall	49	63	92
Personnel	7	9	11

R&D Structure

-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

-The Company conducted simulation of press forming.

Capital Expenditure

(in millions of JPY)

	FY2009	FY2008	FY2007
Overall	331	2,448	3,617

-In FY2009, the Company focused its capital investment activities on upgrading its production equipment to improve operational efficiency.
-The Automotive Parts Division has no plans to make any major investment as of Nov. 30, 2009.