Financial Overview

(in millions of JPY)

	FY2010	FY2009	Rate of Change (%)	Factors
Overall
Sales	26,056	21,647	20.4	-
Operating income	1,587	789	101.1	-
Ordinary income	1,545	770	100.6	-
Net income	872	516	69.0	-
Automotive Components
Sales	16,429	16,118	1.9	- In Japan, sales decreased year-on-year after the eco car incentive program ended in the third quarter. - Sales overseas were buoyed by strong sales of compact vehicles in emerging markets especially in Asia, which offset the decrease in the domestic market.

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

Performance Forecast

(in millions of JPY)

	FY2011 Forecast	FY2010 Result	Rate of Change (%)
Sales	26,000	26,056	(0.2)
Operating income	1,550	1,587	(2.3)
Ordinary income	1,550	1,545	0.3
Net income	850	872	(2.5)

R&D Activities

- Aiming to ensure the world's top-level product accuracy and cost efficiency in the area of connecting rods and gears, which are its major products, the Company made the most of the 3D design and analysis technology, energy saving production technology, as well as the 3D inspection technology. In order to achieve this, the Company's technical unit, production unit, and quality assurance unit are working closely with each other.

Licensing of Technology from Other Companies

(As of Mar. 31, 2011)

Partners	Country	Technology	The term of a contract
PT Menara Terus Makmur	Indonesia	Manufacturing technology for forged products	Oct. 1996 - (Automatic renewal)

Capital Expenditure

(in millions of JPY)

	FY2010	FY2009	FY2008
Overall	361	318	836

- The Company focused its investment activities on areas where long term growth can be expected, which contribute to a significant increase in sales and profitability. It also aimed to save labor costs and enhance operational efficiency.