Financial Overview

(in millions of JPY)

	FY2009	FY2008	Rate of Change (%)	Factors
Overall
Sales	71,398	81,286	(12.2)	-
Operating income	4,629	5,601	(17.4)	-
Ordinary income	4,874	6,259	(22.1)	-
Current net income	2,151	2,829	(24.0)	-
Stamped products
Sales	39,071	45,932	(14.9)	-Sales significantly decreased in the first half of the year as a result of automakers reducing production volume and concentrating on reducing their inventories on hand.  -Sales were relatively good in the latter half of the year, as automotive production in Japan gradually increased, mainly due to sales-incentive tax breaks. -Yearly sales were down.
Operating income	3,232	4,608	(29.9)	-

 

Subsidiary established in China

-The Company announced its plan to establish a subsidiary in Guangdong Province, China, which will be dedicated to manufacturing automotive stamping parts. The entity will be set up in January 2010 and is due to become operative in June 2011. Total investment is approximately 6 billion yen including capital injection of 2 billion yen, which will be entirely funded by Topre. The new unit expects to have sales of 1.5 billion yen for the fiscal year ending March 2012, and 5 to 6 billion yen for the fiscal year ending March 2014. (From a press release on October 22, 2009)
- The Company has established a wholly owned subsidiary Topre (Foshan) Automobile Parts Co., Ltd. in Guangdong Province, China, which is dedicated to manufacturing automotive stamping parts. Total investment is approximately 6 billion yen including capital injection of 2 billion yen. The new unit expects to become operational in June 2011. (From a press release on January 12, 2010)

 

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

R&D Expenditure

(in millions of JPY)

	FY2009	FY2008	FY2007
Overall	909	1,038	987

 

R&D Structure

-R&D Headquarters: The Company is developing  and commercializing new products which make use of its core technologies.
-The Divisions: All of the divisions are developing new products and technologies, with the idea of creating new features.

 

R&D Achievements

Stamped Products Business
-The Company finished developing a die quenching method used to stamp automotive parts. It had been working on this in order to respond to needs for making automotive bodies lighter and meet new fuel efficiency requirements. It also started mass-production of stamped parts using this new technology.
-The Company began developing technology aimed at making car-body parts even stronger. The technology is designed to make 1,180MPa, high-strength body parts by improving upon the existing 980MPa products, which are currently the world's strongest cold stamped products.

Technical Alliances Outside Japan

(As of Mar. 31, 2010)

Company	Country	Products	Associates	Contract Period
Sunrise Machinery Co., Ltd.	China	Automotive stamped products and dies	License providing technological  information and know how	From August 31, 2007 until August 30, 2012 (After that, the contract will be automatically extended every year.)
Sunrise Machinery Co., Ltd.	China	Automotive stamped products and dies	License providing technological  information and know how	From April 30, 2009 until April 29, 2013 (After that, the contract will be automatically extended every year.)

Capital Expenditure

(in millions of JPY)

	FY2009	FY2008	FY2007
Overall	10,983	6,854	6,661

 

Stamped Products Business
-The Company made a capital investment of 10,133 million yen during FY2009.
-This includes a 3,616 million yen investment mainly in dies for stamping automotive parts.
-This also includes 6,516 million yen mainly invested in facilities to produce stamped automotive parts at Topre Kyusyu Co., Ltd.; Topre Saitama Co., Ltd.; and Topre America Corporation.

New Facility (Stamped-products business)

Name	Type of facility	Planned total investment (in million JPY)	Start	End	Increased capacity upon completion
Sagamihara Office	Facility for molds used in making stamped, automotive parts	2,435	Mar. 2010	Mar. 2011	About the same
Hiroshima Office
Topre Kyusyu Co., Ltd. (Fukuoka Pref., Japan)	Facility for molds used in making stamped, automotive parts	1,766	Mar. 2010	Dec. 2011	About the same