Financial Overview

(in millions of JPY)

	FY ended Mar. 31, 2012	FY ended Mar. 31, 2011	Rate of change (%)	Factors
Overall
Sales	20,896	19,421	7.6	-In aiming to respond more flexibly to changes in the business environment and speed up local procurement outside Japan because of the high evaluation of the yen, the Company constructed a second casting plant at Suzhou Chuo Malleable Iron Co., Ltd., its subsidiary in China, thus making further inroads toward improving its framework to procure goods outside Japan.
Operating income	528	627	(15.8)
Ordinary income	918	910	0.9
Current net income	986	737	33.8
Die-casting Business
Sales	20,253	18,860	7.4	-Even though the Company suffered setbacks during the previous fiscal year due to the Great East Japan Earthquake, production levels basically returned to normal due to a quick economic recovery after the Earthquake and the rise in demand for mainly fuel-efficient, compact cars because of tax reductions given for eco-cars.
Operating income	1,347	1,468	(8.2)	-

Outlook for FY ending Mar. 31, 2013

(in millions of JPY)

	FY ending Mar. 31, 2013 (Forecast)	FY ended Mar. 31, 2012 (Actual Results)	Rate of change (%)
Sales	22,200	20,896	6.2
Operating income	720	528	36.4
Ordinary income	1,140	918	24.2
Net income	830	986	(15.8)

R&D Expenditure

(in millions of JPY)

	FY ended Mar. 31, 2012	FY ended Mar. 31, 2011	FY ended Mar. 31, 2010
Die-casting Business	1	1	2

R&D Structure

Die-casting Business
-The SE section is in charge of all activities.
-The Company is focusing on creating a market through developmental technology, conducting activities that will increase the re-use/recycle rate of parts materials while keeping environmental concerns in mind.

Capital Expenditure

(in millions of JPY)

	FY ended Mar. 31, 2012	FY ended Mar. 31, 2011	FY ended Mar. 31, 2010
Overall	1,330	914	794
Die-casting Business	1,329	907	789

Die-casting Business
-The Company invested mainly in the repair and upkeep of its current facilities and equipment. It also made capital improvements, rationalizing and renewing its production facilities.

Investment Outside Japan

<China>
-The Company will set up a new ductile iron casting foundry at its Chinese subsidiary, Suzhou Chuo Malleable Iron Co., Ltd., with a total investment of 2 billion Japanese yen. The new facility, construction of which is scheduled to start in August 2011, is due to come on stream in the middle of 2012. The foundry will increase the Company's capacity in Suzhou by 27,000 tons, permitting the production of 50,000 tons a year.  In 2015, the subsidiary plans to generate 6 billion yen in sales, of which 3 billion yen is projected to come from sales at the new facility. (From a press release on May 12, 2011)

Planned Capital Investments

(As of Mar. 31, 2012)

Company/ Facility (Location)	Equipment	Planned amount of investment (in millions JPY)	Project period		Capacity increase
			From	To
The Company Nissin Plant (Aichi, Japan)	Die-casting equipment	503	Mar. 2012	Mar. 2013	*1
	Processing equipment	594	Mar. 2012	Mar. 2013	*1
The Company Kumamoto Plant (Kumamoto, Japan)	Processing equipment	237	Mar. 2012	Mar. 2013	*1
Toki Malleable Iron Co., Ltd. (Gifu, Japan)	Die-casting equipment	49	Apr. 2012	Mar. 2013	*1
Suzhou Chuo Malleable Iron Co., Ltd. (Suzhou, China)	Die-casting equipment	2,000	Aug. 2011	Oct. 2012	2,250 tons/month expected

*1: The project is to renew facilities, so the production capacity will remain unchanged.