Financial Overview

(in millions of JPY)

	FY ended Mar. 31, 2012	FY ended Mar. 31, 2011	Rate of Change (%)	Factors
Overall
Sales	23,396	19,467	20.2	-Overall revenues from the sale of electric components used in snowmobiles, outboard motors, generators, etc. increased because of the recovery in production volumes at the Company's customers. Sales of motors designed for four-wheel vehicles recovered to last year's levels, while sales of motors for new-model, four-wheel vehicles further increased.
Operating income	218	83	162.7	-
Ordinary income	424	277	53.1	-
Net income	232	(822)	-	-
Motor Division
Sales	10,226	8,431	21.3	-Sales of the Company's mainstream products, namely power-steering and ABS motors for four-wheel vehicles recovered to last year's levels. Sales of motors designed for new-model, four-wheel vehicles further increased.
Operating income	(299)	72	-	-

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

R&D Expenditure

(in millions of JPY)

	FY ended Mar. 31, 2012	FY ended Mar. 31, 2011	FY ended Mar. 31, 2010
Overall	233	228	242
Electrical Products Division	142	153	119
Motor Division	90	74	85

R&D Activities

Motor Division

- The Company is developing smaller automotive motors for easier installation.
- The Company is developing an optimized motor driver structure and drive technology, aiming to produce an integrated motor unit.

Capital Expenditure

(in millions of JPY)

	FY ended Mar. 31, 2012	FY ended Mar. 31, 2011	FY ended Mar. 31, 2010
Overall	909	756	250

 Capital Investments in FY ended Mar. 31, 2012
-The Company made investment in establishment of a rationalized production line for electric products, rationalization of facilities to save energy and introduce IT, and installation of new molds to allow the Company to respond to orders for new products and to update old facilities.

The Major Investments on Mechanical Equipment

(in millions of JPY)

Segment	Amount	Main facilities
Electrical Products Division	444	Electric components rationalization facilities, etc.
Motor Division	463	Preparing new motor production lines to respond to vehicle model changes

Planned capital investments

(As of Mar. 31, 2012)

Site name	Location	Type of facility and activities	Planned investment amount (million yen)	From	To
Headquarters factory	Shizuoka Pref., Japan	Streamlining motor production operations	296	Apr. 2012	Sep. 2012
		New building	430	Jun. 2012	Mar. 2013