Financial Overview

(in millions of JPY)

	FY2010	FY2009	Rate of Change (%)	Factors
Overall
Sales	39,856	37,489	6.3	-
Operating income	751	556	35.1	-
Operating income	792	642	23.4	-
Current net income	(2,970)	(2,622)	-	-
Automotive Safety Systems Company
Sales	30,092	27,412	9.8	-Sales of seat belts, air bags, car accessories (cabin interior products and others) increased as a result of sales promotions and the recovery of markets outside Japan. This was in spite of the Company being negatively affected by the Great East Japan Earthquake that caused production stoppages and had a negative impact on business.
Operating income	439	540	(18.7)	-

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

R&D Expenditure

(in millions of JPY)

	FY2010	FY2009	FY2008
Overall	947	1,043	1,290
Automotive Safety Systems Company	609	-	-

-R&D expenses for the auto safety systems business were 609 million yen.

R&D Activities

Seatbelts
-The Company has been continuing developing lighter mainstream products such as seat retractors. The Company has been working on developing and commercializing new-type, occupant protection systems and new, high-performance devices as new technologies that satisfy the assessments of countries worldwide.
Airbagｓ
-The Company is continuing its R&D activities on lighter weight and higher performance frontal and lateral airbags as new technologies that comply with laws, regulations, and assessments of countries worldwide. In addition, the Company is creating and commercializing even more modules with auxiliary products.
Interior products
-The Company is developing and commercializing its existing auto shades so that they can respond to market needs and increase their added value. It is developing door shades and developing and commercializing cargo items such as tonneau covers, adding features that make them lighter in weight and more environmentally friendly.

Capital Expenditure

(in millions of JPY)

	FY2010	FY2009	FY2008
Overall	1,773	1,386	2,177
Industrial fabric product business	1,287	-	-

-In order to respond to drastic technological changes and rapid fluctuations in product competition, the Company made a capital investment of 1,773 million, investing mainly in its auto safety systems business.
-The Company invested 1,287 million yen in facilities and equipment of its auto safety systems business (mainly in the Osaka Plant) in order to rationalize, increase and enhance production of mostly automotive interior products and to upgrade its R&D facilities.

Planned Capital Investments

(As of Mar. 31, 2011)

Name of Company/Plant (Location)	Purpose	Planned investment (in million yen)	Starting Month	Completing Month	Capacity increase on completion
Osaka Plant (Settsu City, Osaka, Japan)	To rationalize production facilities for fire extinguishing fabric, paltem, industrial fabric and automotive safety equipment	3,492	Apr. 2010	Mar. 2012	Practically none as this is to improve quality
Sasayama Plant (Sasayama, Hyogo Pref.)	To rationalize production facilities for fire extinguisher fabric, paltem, industrial fabric and automotive safety equipment	62	Apr. 2010	Mar. 2012	Practically none as this is to improve quality