Financial Overview

(in million JPY)

	FY2010	FY2009	Rate of Change (%)	Factors
Sales	30,648	25,776	18.9	-Unit sales of automobiles increased.
Operating income	1,107	380	191.3	-In addition to earning greater revenue, the Company also undertook thorough initiatives to reduce costs.
Ordinary income	947	259	265.6
Current net income	623	388	60.6

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

R&D Structure

-The Company’s R&D activities are on product development, processing fundamental-technology, and evaluation technology, which are conducted by the Main R&D Center; while activities on production technology and manufacturing-technology development are conducted by the General Technology Division of the R&D Center, and by the manufacturing-technology departments at subsidiaries.

-In the entire Group, there are 22 R&D staff members. R&D expenses totaled 268 million yen.

-The Company formed a close partnership and alliance with NHK Spring Co., Ltd., a company which is a largest shareholder of Topura. Together, their efforts have been very effective in conducting R&D activities on cutting-edge technology.

R&D Activities

-The Company worked on raising the level of fastening functions, as well as on improving fastening work.
-The Company is continuing its development activities on the design of screws. It is also developing processing technology and evaluation technology that can be applied to new, high-tech materials (elemental technology) used for screws,. It is conducting customer presentations on bolts that are stronger, tougher, and more corrosive resistant; and on tapping pins for high-tensile steel plates.  
-In developing new materials, the Company is working to reduce the number of product items, while standardizing them too, by integrating materials and revising its product specs.
-The Company is working to reduce the total costs of its fastening operations.
-The Company is conducting R&D activities to create screws that can be applied to telecommunications devices and home appliances, while conducting research into fastening design and mechanics.
-The Company is conducting R&D activities on minute and detailed fastening techniques.
-The Company is conducting R&D activities on products and production methods that do not use substances harmful to the environment. These include products that can be manufactured either under surface treatment processes that are hexavalent chromium-free or under non-chrome surface-treatment processes, aiming to prevent global warming, respond to automotive exhaust gas requirements, and meet the need for lighter weight products.

Licensing-out Technology (receiving royalty payments)

(As of Mar. 31, 2010)

Partner	Country	Commodity	Contract Details	Term
Conti Fasteners AG	Switzerland	Taptite	-Setting right to use trademark -Granting manufacturing or selling license -Provision of technical information	Jan. 1, 2011 - Dec. 31, 2011
Acument Gloval Technologies	The Netherlands	Torx-plus	-Licensing-out trademark rights -Granting licenses for manufacturing and sales -Providing technical information	Jan. 15, 1994 - Dec. 31, 2011

Capital Investments

-In FY2010, which ended March 2011, the Company spent 1,046 million yen, making capital investments, which were used mainly for add buildings and structures at its plants, renew screw-producting machinery, and enhance facilities and equipment under the aim of rationalizing.

Investment Outside Japan

<Thailand>
-Establish a new company in Thailand in July 2011. The new entity, which will be based in Rayong, will manufacture and sell automotive fasteners, starting in December 2012. The Company will invest the 800 million yen in being spent in the new Company, that is expected to generate 1.8 billion yen in sales in 2013. (From a press release on February 9, 2011)

<China>
-Establish a new subsidiary in Changzhou, Jiangsu Province, China to manufacture automotive fasteners and metal products. The subsidiary will be established in December 2010 with a registered capital of 1.7 billion yen, which will be fully invested by Topura. (From a press release on September 20, 2010)

<U.S.A.>
-The Company will invest an additional 2 million US dollars in Topura America Fastener, Inc. (TAF), its subsidiary based in Kentucky, U.S.A. TAF manufactures fasteners and bolts for automobiles. The purpose of the investment is to strengthen the subsidiary's financial structure and upgrade and expand its production operations. (From a press release on September 20, 2010)

Plans for Construction of New Facilities

(As of Mar. 31, 2011)

Company/Office Name	Location	Expected Investment (millions of yen)	Started	Complete
Topura Co., Ltd. Hadano Plant	Kanagawa Pref., Japan	1,329	Apr. 2011	Mar. 2011
Topura Co., Ltd. Tokai Plant	Shizuoka Pref., Japan	350	Apr. 2011	Mar. 2011
Topura Co., Ltd. Osaka Plant	Osaka, Japan	71	Apr. 2011	Mar. 2011
Topura Techno	Tochigi Pref., Japan	114		Mar. 2011
Alps Screw Co., Ltd. and other two companies	Nagano Pref., Japan	39	Apr. 2011	Mar. 2011
Topura America Fastener, Inc.	Kentucky, U.S.A.	829	Apr. 2011	Mar. 2011