Topura Co., Ltd. Business Report up until FY ended Mar. 2015

New Company

<Mexico>
-Topura Fastener de Mexico S.A. de C.V. in Guanajuato will begin mass production in the fall of 2015. The Mexican company was established in May 2013 and held an opening ceremony in November 2014. (Interview findings by MarkLines, September, 2015)

-In Apr. 2013, the Company announced that it will set up Topura Fastener de Mexico S.A. de C.V. to produce automotive screws and bolts in Guanajuato, Mexico in June 2013. The new subsidiary will be capitalized at MNX 183 million (approx. JPY 1.4 billion), of which 44.6% will be funded by Topura, 22.1% by Topura's U.S. subsidiary TAF, and 33.3% by NHK International, a U.S. subsidiary of NHK Spring Co., Ltd. A plant with the building area of 11,000 square meters will be built in the premises of NHK Spring's new Mexican subsidiary NHK Spring Mexico, which will start operations in April 2015. This is the first time for Topura to manufacture products in Mexico, and the Company will do so in response to increased production at its customers' local facilities. Topura Fastener de Mexico targets at achieving sales of MXN 221 million (JPY approx. 1.7 billion) in fiscal 2017. (From an article in the Nikkan Jidosha Shimbun on Apr. 18, 2013)

<Thailand>
-Topura (Thailand) Company Limited, which was established in Rayong, Thailand in May 2011, discontinued production at the end of July 2015. (Interview findings by MarkLines, September, 2015)

-In 2011, 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 JPY 800 million. The new subsidiary is scheduled to go into operation in October 2012 and expected to generate JPY 1.8 billion in sales in 2013. (From an article in the Nikkan Jidosha Shimbun on May 16, 2011)

Data

Number of Employees

	Mar. 2015	Mar. 2014	Mar. 2013	Mar. 2012	Mar. 2011
Total	629	608	608	799	571

Sales by Products

(in million JPY)

	FY ended Mar. 31, 2013	FY ended Mar. 31, 2012	FY ended Mar. 31, 2011
Small screws	N/A	3,391	3,237
Tapping screws		4,625	4,659
Bolts		12,548	11,936
Screws with washers		9,245	8,827
Others		1,791	1,986
Total		31,602	30,648

Consolidated

	FY ended Mar. 31, 2009	FY ended Mar. 31, 2010	FY ended Mar. 31, 2011	FY ended Mar. 31, 2012	FY ended Mar. 31, 2013
Sales (million yen)	27,656	25,776	30,648	31,602	N/A
Income from ordinary business activities (million yen)	(736)	259	947	785
Net income (million yen)	(795)	388	623	298
Comprehensive income (million yen)	-	-	611	178
Net assets (million yen)	3,785	4,319	4,930	5,035
Total assets (million yen)	16,708	19,651	20,027	22,089
Book value per share (yen)	148.90	169.90	193.44	196.74
EPS (yen)	(32.39)	15.81	25.40	12.17
Diluted EPS (yen)	-	-	-	-
Net asset ratio (%)	21.88	21.22	23.70	21.85
ROE (%)	(18.94)	9.92	13.98	6.24
PER	(1.95)	6.20	4.64	12.74
Cash flow from operating activity (million yen)	(109)	2,347	3,001	1,191
Cash flow from investment activity (million yen)	(1,030)	(446)	(866)	(1,876)
Cash flow from financial activity (million yen)	216	(250)	(1,151)	408
Balance at the term-end of cash and cash equivalents (million yen)	2,033	3,684	4,649	4,359
Number of employees	733	702	737	799

Non Consolidated

	FY ended Mar. 31, 2009	FY ended Mar. 31, 2010	FY ended Mar. 31, 2011	FY ended Mar. 31, 2012	FY ended Mar. 31, 2013
Sales (million yen)	24,657	23,356	27,677	28,441	N/A
Income from ordinary business activities (million yen)	(705)	184	695	719
Net income (million yen)	(935)	266	345	331
Paid-in Capital (million yen)	1,838	1,838	1,838	1,838
Number of stock outstanding (1000)	24,630	24,630	24,630	24,630
Net assets (million yen)	3,528	3,919	4,260	4,476
Total assets (million yen)	14,712	17,632	17,734	19,695
Book value per share (yen)	143.77	159.73	173.64	182.48
dividend per share (yen)	0	0	3	3
EPS (yen)	(38.11)	10.86	14.07	13.50
Dilutes EPS	-	-	-	-
Net asset ratio (%)	24.0	22.2	24.0	22.7
ROE (%)	(22.74)	7.15	8.44	7.58
PER	(1.65)	9.02	8.39	11.48
Payout ratio (%)	-	-	21.3	22.2
Number of employees	548	543	571	594