Aska Corporation Business Report FY2010

Business Highlights

Financial Overview

(in millions of JPY)

	FY2010	FY2009	Rate of Change(%)	Factors
Overall
Sales	18,471	13,956	32.4	-
Operating income	346	(387)	-	-
Ordinary income	487	(324)	-	-
Net income	266	(282)	-	-
Automotive Components Business
Sales	13,330	10,187	30.9	-Sales increased year-on-year thanks to a recovery in global vehicle production volumes, which were supported by car purchase incentive programs as tax cuts and subsidies introduced in many countries.

R&D

R&D Expenditure

(in millions of JPY)

	FY2010	FY2009	FY2008
Overall	46	49	63
Personnel	8	7	9

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.

Investment Activities

Capital Expenditure

(in millions of JPY)

	FY2010	FY2009	FY2008
Overall	350	331	2,448

-In FY2010, 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, 2010.