Financial Overview

(in millions of JPY)

	FY ended Mar. 31, 2012	FY ended Mar. 31, 2011	Rate of Change (%)	Factors
Overall
Sales	9,401	11,597	(18.9)	-Orders won for program business decreased as a result of the earthquake in Japan and the currency crisis.
Operating income	484	701	(31.0)	-
Ordinary income	291	494	(41.1)	-
Current net income	40	49	(18.4)	-

-During the past consolidated fiscal year, the Company reorganized its organizational structure, which had been based on two operating segments, namely Japan and the US, into only one sector, Japan. This was done after the Company sold all of its shareholdings in USi Inc., which had been a subsidiary during the previous consolidated fiscal year.

Recent Developments Outside japan

<USA>
- The Company announced that it will absorb IK Mold Co. Ltd., its wholly-owned consolidated subsidiary in Japan. The effective date of the merger will be April 1, 2012. Ikuyo, as the continuing company, will absorb IK Mold, which will be dissolved upon completion of the merger procedure. (From a press release on January 27, 2012)

 

Outlook for FY2012(non consolidated)

(in millions of JPY)

	FY ended Mar. 31, 2013 (forecast)	FY ended Mar. 31, 2012 (Actual)
Sales	8,519	9,245
Operating income	198	416
Ordinary income	94	236
Net income	80	58

R&D Expenditure

(in millions of JPY)

	FY ended Mar. 31, 2012	FY ended Mar. 31, 2011	FY ended Mar. 31, 2010
Overall	3	1	1

Capital Expenditure

(in millions of JPY)

	FY ended Mar. 31, 2012	FY ended Mar. 31, 2011	FY ended Mar. 31, 2010
Overall	354	713	635

Capital Investment for FY ended Mar. 31, 2012
-The Company invested most heavily in the auto parts business.
-The Company spent approximately 230 million yen in dies to manufacture parts for compact SUVs and small trucks.