Financial Overview

(in millions of JPY)

	FY2010	FY2009	Rate of Change (%)	Factors
Sales	38,797	31,043	25.0	-Program business increased in Japan because of the recovery in the automotive market, in spite of the negative impact that the Great East Japan Earthquake had on business during the 4th quarter. Outside of Japan, program business significantly increased because of the expanding automotive markets in North America and Asia.
Operating income	947	(1,227)	-	-
Ordinary profit	637	(995)	-	-
Net profit	799	(1,291)	-	-

Awards

-The Company was awarded "2009 Preferred Supplier Award" by Canadian fuel cell manufacturer Ballard Power Systems Inc. Ballad recognized Ogura's hydrogen circulation pump for fuel cell units, which were used on shuttle buses for 2010 Vancouver Winter Olympics. (From a press release on September 3, 2010)

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

R&D Expenditure

(in millions of JPY)

	FY2010	FY2009	FY2008
Overall	364	277	370

Transportation Equipment Business
-Total R&D expenses in the Transportation Equipment Business were 171 million yen.
-The R&D 2nd Section of the Transportation Equipment Business conducted R&D activities on automotive climate-control clutches. The Company predicts that there will be market demand for its products in connection with forecast changes being made to automobiles in the future, so is working to develop lighter, quieter, energy-efficient, and low-power clutches; torque limiters for external-control compressors; and other products.
-The Company is carrying out R&D activities on super-charge clutches, automotive power-slide door clutches, power rear-door clutches, power luggage-door clutches, locking differential (diff-lock) clutches and brakes, water-pump clutches, and other products.

Capital Investment

(in millions of JPY)

	FY2010	FY2009	FY2008
Transportation-equipment clutch division	248	561	356

Transportation Equipment Business
-The Company made capital improvements to its Akabori and Korin Plants to enhance and rationalize the production facilities and equipment and make them environmentally compliant, in addition to investing in dies needed for its various products.

Planned Capital Investments (Transportation-equipment clutches)

(As of Mar. 31, 2011)

Name (Location)	Planned total investment (million JPY)	Starting month	Planned completion	Capacity increase upon completion
Plant No.1, Plant No.2 (Kiryu-shi, Gumma Pref., Japan)	104	Apr. 2011	Mar. 2012	Practically none, as this is to improve product quality
Plant No.3 (Kiryu-shi, Gumma Pref., Japan)	73	Apr. 2011	Mar. 2012	Practically none, as this is to improve product quality
Akabori Plant (Isezaki City, Gumma Pref., Japan)	287	Apr. 2011	Mar. 2012	Practically none, as this is to improve product quality
Kohbayashi Plant (Isezaki City, Gumma Pref., Japan)	195	Apr. 2011	Mar. 2012	Practically none, as this is to improve product quality
Ogura Corporation Head office plant (Michigan, USA)	116	Jan. 2011	Dec. 2010	An increase will be achieved, as this project will raise the ratio of in-house production
Ogura S. A. S. Head office plant (Onnaing, France)	12	Jan. 2011	Dec. 2011	An increase will be achieved, as this project will raise the ratio of in-house production
Ogura Clutch do Brasil Ltda. Head office plant (Sao Paulo, Brazil)	20	Jan. 2011	Dec. 2011	An increase will be achieved, as this project will raise the ratio of in-house production
Ogura Clutch (Dong Guan) Co., Ltd. Head office plant (Guang Dong, China)	298	Jan. 2011	Dec. 2011	An increase will be achieved, as this project will raise the ratio of in-house production
Ogura Clutch Thailand Co., Ltd. Head office plant (Rayong, Thailand)	153	Jan. 2011	Dec. 2011	An increase will be achieved, as this project is to add new facilities