Financial Overview

(in million JPY)

	FY ended Mar. 31, 2012	FY ended Mar. 31, 2011	Rate of Change (%)	Factors
Sales	31,602	30,648	3.1	-Sales increased year-on-year, thanks to an increase in the number of vehicle units that were produced.
Operating income	913	1,107	(17.5)	-Due to the higher cost of goods, increased sales expenses, and overall rise in general administrative expenses, the financial results were lower year-on-year.
Ordinary income	785	947	(17.1)	-
Current net income	298	623	(52.2)	-

Acquired by NHK Spring Co., Ltd.

-NHK Sales Co., Ltd. announced on November 18 that it will make the following two subsidiaries its wholly owned subsidiaries effective April 1, 2012: NHK Sales Co., Ltd. and Topura Co., Ltd. The company will acquire a 100 percent ownership of these companies through a stock swap. The acquisition is intended to accelerate the company's restructuring efforts in the matured Japanese domestic market as well as expansion strategies in the emerging markets. NHK will also step up its product development and quality assurance activities. (From an article in the Nikkan Jidosha Shimbun on November 21, 2011)

New Company

-The Company announced that it will establish a subsidiary in Thailand for manufacture and sales of sintered parts for automobiles. The new company called "Topura (Thailand) Co., Ltd," will be constructed in the Hemaraj Eastern Seaboard Industrial Estate in Rayong capitalized at about 800 million yen. The new subsidiary is scheduled to go into operation in October 2012 and expected to generate 1.8 billion yen in sales in 2013. (From an article in the Nikkan Jidosha Shimbun on May 16, 2011)

R&D Expenditure

(in millions of JPY)

	FY ended Mar. 31, 2012	FY ended Mar. 31, 2011
Overall	289	268

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 23 R&D staff members.

-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.
-The Company developed products that can be mass-produced without any hexavalent-chromium or chrome surface treatment, as well as lighter-weight products that respond to improved exhaust-gas emissions so as to prevent global warming.

Technology licensing-out Agreements

(As of Mar. 31, 2012)

Partner	Country	Commodity	Contract Details	Term
Conti Fasteners AG	Switzerland	Remform	-Setting up trademark right to be used -Granting manufacturing or selling license -Provision of technical information	From Jan. 1, 2007 until the contract-day agreed (on-going)
		Taptite		Jan. 1, 2012 - Dec. 31, 2012 (with automatic renewal provision)
Acument Gloval Technologies	The Netherlands	Torx	-Licensing-out trademark rights -Granting licenses for manufacturing and sales -Providing technical information	Dec. 4, 2007 - Dec. 31, 2014
		Torx-plus	-Setting up patent and trademark rights to be used -Granting licenses for manufacturing and sales -Providing technical information	Dec. 22, 1993 - Dec. 31. 2014

Capital Expenditure

(in millions of JPY)

	FY ended Mar. 31, 2012	FY ended Mar. 31, 2011
Total	2,416	1,046

-As of the fiscal year that ended March 2012, the Company had invested to increase the number of its plant buildings, renew facilities and equipment that manufacture screws, and install facilities and equipment so as to streamline operations.

Planned Capital Investments

(As of Mar. 31, 2012)

Company/Office Name	Facility	Planned Investment (in millions of JPY)	Started	Complete
The Company Hadano Plant (Kanagawa Pref., Japan)	Establishment of new buildings	1,080	Sep. 2011	Jul. 2012
	Facilities to produce screws	429	Apr. 2012	Mar. 2013
The Company Tokai Plant (Shizuoka Pref., Japan)	Establishment of new buildings	60	Aug. 2012	Dec. 2012
	Facilities to produce screws	512	Apr. 2012	Mar. 2013
The Company Osaka Plant (Osaka, Japan)	Facilities to produce screws	81	Apr. 2012	Mar. 2013
Topura Techno (Tochigi Pref., Japan)	Facilities to produce screws	50	Apr. 2012	Mar. 2013
Alps Screw Co., Ltd. (Nagano Pref., Japan)	Facilities to produce screws	39	Apr. 2012	Mar. 2013
Topura America Fastener, Inc. (Kentucky, U.S.A.)	Facilities to produce screws	570	Apr. 2012	Mar. 2013
Topura Precision Fastener (Changzhou) Co., Ltd. (Changzhou, China)	Establishment of new buildings	927	Jun. 2011	Jan. 2013
	Facilities to produce screws	1,097	Jan. 2012	Dec. 2012
Topura (Thailand) Company Limited (Rayong, Thailand)	Establishment of new buildings	435	Jan. 2012	Aug. 2012
	Facilities to produce screws	359	Apr. 2012	Mar. 2013