Financial Overview

(in millions of JPY)

	FY ended Mar. 31, 2012	FY ended Mar. 31, 2011	Rate of Change (%)	Factors
Overall
Sales	8,284	9,223	(10.2)	-Sales significantly fell during the first half of the year because of the Great East Japan Earthquake.
Operating income	(159)	(12)	-	-Sales of proprietary products, which are a very profitable revenue source for the Company, fell short of the targets that the Company had set.
Ordinary income	(128)	34	-	-
Current net income	(224)	(187)	-	-
Automotive parts division
Sales	7,581	8,465	(10.4)	-There was a considerable amount of lost production due to preparations needed to start production in response to model changes and new service parts.

Outlook for FY ending Mar. 31, 2013

(in millions of JPY)

	FY ending Mar. 31, 2013 (Forecast)	FY ended Mar. 31, 2012 (Actual Result)	Rate of change (%)
Sales	6,800	8,284	(17.9)
Operating income	10	(159)	-
Ordinary income	20	(128)	-
Net income	0	(224)	-

R&D Expenditure

(in millions of JPY)

	FY ended Mar. 31, 2012	FY ended Mar. 31, 2011	FY ended Mar. 31, 2010
Overall	34	47	17
Automotive Parts	3	10	-

Automotive parts division
- The exterior parts division is working on developing low-cost, lightweight, high-quality and innovative products by presenting its products and technologies to its customers from the initial stage of development, proposing drastic design changes, and developing new materials and production methods.
- The Company is conducting development activities in new areas in collaboration with its customers.
- The Company aims to shorten development lead-time, reduce development cost, and improve quality and productivity.

Capital Expenditure

(in millions of JPY)

	FY ended Mar. 31, 2012	FY ended Mar. 31, 2011	FY ended Mar. 31, 2010
Overall	451	183	-
Automotive parts	435	140	51

Planned Capital Investment

(As of Mar. 31, 2012)

Name (Location)	Type of facility	Planned investment amount (in million yen)	From	To	Production capacity on completion
Head office plant (Saitama Pref., Japan)	Manufacturing facilities for auto parts	170	Nov. 2011	Mar. 2013	No significant change, as investment is mainly to reduce manpower and to streamline
	Die related facilities for auto parts	30	Apr. 2012	Mar. 2013	Dies for new product manufacturing