Financial overview

(in millions of JPY)

	FY2007	FY2006	Rate of Change (%)	Factors
Sales	32,432	27,486	18.0	-Sales rose because the Company supplied a greater volume of products, especially EGR coolers.
Operating income	2,086	2,256	(7.6)	-
Income from ordinary business activities	2,106	2,250	(6.4)	-
Current net profit	1,320	2,348	(43.8)	-

R&D Expenses
-The total amount of R&D spending during FY2007, which ended Mar. 31, 2008, was 147 million yen.


R&D Achievements
-Succeeded to make EGR air-conditioners and inter-air conditioners, which play an important role in reducing exhaust emissions and have greater functions, higher reliability and lower costs.

-Succeeded in mass-producing SCR tanks (urea tanks) for the first time in the world.


Exported Technology Contracts (As of March 2008)

Company name	Contract signed on	Contract period
Thai Radiator MFG, Co., Ltd. (Thailand)	Manufacturing technology for radiators and fuel tanks	May 1, 1982 - Apr. 30, 2008
PT.Selamat Sempurna (Indonesia)	Manufacturing technology for radiators and fuel tanks	Apr. 11, 1979 - Apr. 10, 2008

New facilities

Company name	Location	Purpose	Planned investment - in million JPY-	Starting Month	Completing Month	Capacity increase on completion
Tokyo Radiator Manufacturing. Co., Ltd.	Kanagawa Pref. Japan	Installation and renewal of stamping dies	712	Apr. 2008	Mar. 2009	-
Wuxi TRS Heat Exchanger Co., Ltd.	Wuxi, China	Manufacturing facility for heat exchangers	648	Jun. 2008	Dec. 2009	35,000 units per month