Financial Overview

(in millions of JPY)

	FY2009	FY2008	Rate of Change (%)	Factors
Overall
Sales	17,710	24,843	(28.7)	-Impacted by production adjustment by major customers in the first half of the fiscal year
Operating income	60	481	(87.4)	-
Income from ordinary business activities	88	443	(80.1)	-
Current net profit	(181)	143	-	-

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

R&D Expenditure

(in millions of JPY)

	FY2009	FY2008	FY2007
Overall	118	195	147

R&D Activities

-The Company succeeded in developing EGR coolers that meet regulatory requirements necessitating lower diesel engine emissions and higher fuel economy. And in addition, the Company also developed intercoolers that offer improved functionality and reliability but at a  lower cost.

-The Company mass produced urea SCR tanks to purify exhaust gases for the first time in the world. 

Exported Technology Contracts

(As of Mar. 31, 2010)

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, 2010
PT. Selamat Sempurna (Indonesia)	Manufacturing technology for radiators and fuel tanks	Apr. 11, 1979 - Apr. 10, 2010

Capital Investment

(in millions of JPY)

	FY2009	FY2008	FY2007
Overall	1,044	2,089	645

-The Company invested to install new production facilities for radiators and EGR coolers, as well as to renovate, renew and improve the productivity of existing facilities.

New Facilities

(As of Mar. 31, 2010)

Company name	Location	Purpose	Planned investment (in million JPY)	Starting Month	Completing Month	Capacity increase on completion
The Company	Kanagawa Pref. Japan	Installing and upgrading equipment at manufacturing facility producing heat exchangers.	168	Apr. 2009	Mar. 2010	-