Financial Overview

(in millions of JPY)

	FY ended Mar. 31, 2013	FY ended Mar. 31, 2012	Rate of Change (%)	Factors
Overall
Sales	43,324	38,873	11.5	-
Operating income	209	(659)	-	-
Ordinary income	467	(842)	-	-
Net income	156	(1,746)	-	-
Automotive Safety Systems Company
Sales	33,402	28,942	15.4	-The Company experienced a recovery in sales of seatbelts and air bags after production dropped because of the Great East Japan Earthquake. -The subsidiary in India launched full-scale sales activities. -Sales of automotive-related products used in cabin interiors increased in line with the launch of new vehicles models.
Operating income	654	(299)	-	-

Outlook for FY ending Mar. 31, 2014

(in millions of JPY)

	FY ending Mar. 31, 2014 (Forecast)	FY ended Mar. 31, 2013 (Actual Results)	Rate of Change (%)
Overall
Sales	47,000	43,324	8.5
Operating income	1,000	209	378.5
Ordinary income	1,000	467	114.1
Net income	450	156	188.5

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

R&D Expenditure

(in millions of JPY)

	FY ended Mar. 31, 2013	FY ended Mar. 31, 2012	FY ended Mar. 31, 2011
Overall	908	1,041	947
-Automotive Safety Systems Company	607	647	609

R&D Activities

Seatbelts
-The Company developed:

• new, highly functional devices that comply with global regulations and product assessment standards.
• devices destined for emerging-market countries where procurement of parts has become globalized.

Airbags
-The Company developed:

• new, highly functional modules that comply with global regulations and product assessment standards.
• the lightest weight module of the market.
• modules with new structural designs and a higher level of added value.
• a new type of material.

Interior products
-The Company augmented its product range in the area of shades, tonneau covers, and cargo nets.
-The Company developed high value-added products.
-The Company developed products for sale in developing countries.

Capital Expenditure

(in millions of JPY)

	FY ended Mar. 31, 2013	FY ended Mar. 31, 2012	FY ended Mar. 31, 2011
Overall	1,440	1,444	1,773
-Automotive Safety Systems Company	1,301	998	1,287

Automotive Safety Systems Company
-The Company made capital investments mainly at its Osaka Plant to rationalize and strengthen production of automotive products, as well as augment R&D facilities.

Investment Outside Japan

<Mexico>
-In February 2013, the plant building at Ashimori Industria de Mexico, S.A. de C.V. was completed, in the state of Guanajuato. The plant, which is scheduled to begin commercial production from September, will manufacture and sell seatbelts and other automotive products. Anticipating an increase in vehicle production in North, South, and Central America; and growth in automotive safety products, the plant in 2013 is targeting sales of 200 million yen; in 2014, 1 billion yen; and in 2015, 2 billion yen. It also plans to have a workforce of about 50 employees initially in 2013, about 100 in 2014, and about 150 in 2015.

Planned Capital Investments

(As of Mar. 31, 2013)

Name of Company/Plant (Location)	Purpose	Planned investment (in millions JPY)	Starting Month	Completing Month	Capacity increase on completion
Osaka Plant (Osaka, Japan)	To rationalize production facilities for automotive safety systems, high quality products and paltem	1,457	Apr. 2012	Mar. 2014	Practically none as this is to improve quality
Sasayama Plant (Hyogo Pref., Japan)	To rationalize production facilities for automotive safety systems, high quality products and paltem	42	Apr. 2012	Mar. 2014	Practically none as this is to improve quality
Ashimori Industria de Mexico, S.A. de C.V. (Guanajuato, Mexico)	To install new facilities for the Auto Safety Systems Division	672	Mar. 2012	Sep. 2013	Totally new facility