Financial Overview

(in millions of JPY)

	FY2010 (ended Mar. 2011)	FY2009	Rate of change (%)	Factors
Overall
Sales	304,405	275,666	10.4	-
Operating income	6,071	2,259	168.7	-
Ordinary income	5,665	2,035	178.4	-
Net income	1,430	(4,231)	-	-
Japan
Sales	216,631	207,292	4.5	Performance improved as a result of winning new program business in connection with all its automotive parts.
Ordinary income	(562)	(2,150)	-	-
Americas
Sales	37,806	29,639	27.6	Performance improved as a result of a tremendous increase in program business at its consolidated subsidiaries.
Ordinary income	194	(377)	-	-
China
Sales	19,985	14,347	39.3	Performance improved as a result of a tremendous increase in program business at its consolidated subsidiaries.
Ordinary income	2,749	2,308	19.1	-
Asia
Sales	39,551	30,712	28.8	Performance improved as a result of a tremendous increase in program business at its consolidated subsidiaries.
Ordinary income	3,469	2,367	46.6	-

Outside Japan

-Brazil
A new plant building at Yachiyo de Brasil Industria e Comercio de Pecas Ltda. (YBI) was completed in February 2011. YBI is the Yachiyo Group’s first plant in South America to produce resin fuel tanks. Commercial production is scheduled to begin in January 2012.

-India
In March 2011, a ground-breaking ceremony was held at the new plant building at Yachiyo India Manufacturing Private Limited (YIM), which is scheduled to start commercial production of resign fuel tanks in July 2012.

In Japan

In July 2007, the Company announced that it had acquired land adjacent to its Yokkaichi Factory in order to build an engine assembly facility; and then announced in March 2008 that it also would build a plastics-forming/processing plant and an automobile assembly plant. The engine assembly facility was completed in May 2009 and already has started operations. On the other hand, the Company has decided to abandon its plan to build the plastics-forming/processing plant and automobile assembly plant in the wake of the difficult economic situation following the collapse of Lehman Brothers. Instead, the Company will produce mini-cars for Honda at Honda’s Suzuka Plant starting in 2012.

 

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

R&D Expenses

(in millions of JPY)

	FY2010	FY2009	FY2008
Overall	3,378	2,770	2,240

R&D Facilities

Facility	Location
Kashiwabara Plant	Saitama Pref., Japan
Tochigi R&D Center	Tochigi Pref., Japan
Goshi Giken Co., Ltd.	Kumamoto Pref., Japan
Yachiyo of America Inc.	Ohio, U.S.A.

R&D Activities

1) Development of technology to mass-produce fuel tanks for new vehicle models
2) Development of technology to mass-produce lightweight and low-profile sunroofs
3) Development of fuel tanks for new vehicle models
4) Development of lightweight and low-profile sunroofs for new vehicle models
5) Research and development of new-design resin fuel tanks
6) Research and development of new types of sunroofs and related technologies
7) Research and development of environmentally friendly auto parts
8) Research and development of press forming technology capable of handling semi-melted aluminum materials
9) Research and development of new products leveraging plastic fuel tank technology

Capital Expenditure

(in millions of JPY)

	FY2010
Overall	11,507
- Japan	6,643
- Americas	3,175
- China	400
- Asia	1,288

Japan
-In Japan, the Company invested to prepare vacant land for use, respond to new orders, and increase production capacity.

Americas
-The Company invested in the Americas mainly to upgrade facilities in order to respond to new orders and build new plant facilities.

China
-In China, the Company invested mainly to upgrade facilities in order to respond to new orders, renew plant facilities, and improve the environment.

Asia
-The Company invested in Asia mainly to upgrade facilities in order to respond to new orders, renew facilities, and purchase land on which to build new plant facilities.

Planned Capital Investments (As of Mar. 31, 2010)

Company/Facility (Location)	Facility Details	Planned Investment Total （in million yen）	Start	End (Scheduled)	Remarks
Kashiwabara Plant （Saitama Pref., Japan）	Production facilities R&D facilities	1,100	Dec. 2010	Jan. 2012	Respond to new orders. Improve environment.
Yokkaichi Factory （Mie Pref., Japan）	Production facilities	1,030	Apr. 2011	Mar. 2012	Respond to new orders. Renew facilities
Suzuka Plant （Mie　Pref., Japan）	Production facilities	2,362	Oct. 2010	Feb. 2012	Respond to new orders.
Kameyama Branch （Mie Pref., Japan）	Production facilities	286	May 2011	Jan. 2012	Respond to new orders. Renew facilities.
Tochigi R&D Center (Tochigi Pref., Japan)	R&D facilities	600	Apr. 2011	Feb. 2012	Testing facilities.
Goshi Giken Co., Ltd. (Kumamoto Pref., Japan)	Production facilities R&D facilities	1,077	Mar. 2010	Mar. 2012	Testing facilities. Respond to new orders. Renew facilities.
Yachiyo of Ontario Mfg., Inc. (Ontario, Canada)	Production facilities	1,038	Jan. 2009	Dec. 2011	Respond to new orders. Improve environment. Respond to new orders. Improve environment.
Yachiyo de Brasil Industria e Comercio de Pecas Ltda. (Sao Paulo, Brazil)	Production facilities	922	Mar. 2010	Jun. 2011	Construct new plant facilities.
Yachiyo Zhongshan Mfg. Co., Ltd. （Guangdong Province, China）	Production facilities	1,086	Aug. 2010	Dec. 2011	Expand facilities.
Yachiyo Wuhan Mfg. Co., Ltd. (Hubei Province, China)	Production facilities	1,102	Oct. 2010	Dec. 2011	Expand capacity. Expand facilities.
Siam Goshi Mfg. Co., Ltd. (Rayong, Thailand)	Production facilities	1,134	Jan. 2010	Dec. 2011	Respond to new orders. Renew facilities. Expand capacity.
Goshi-Thanglong Auto-Parts Co., Ltd (Hanoi, Vietnam)	Production facilities	380	Jan. 2011	Dec. 2011	Renew facilities. Respond to new orders.
Goshi India Auto Parts Private Limited (Haryana, India)	Production facilities	381	Jan. 2011	Nov. 2011	Expand capacity. Respond to new orders.
Yachiyo India Manufacturing Private Limited （Rajasthan, India）	Production facilities	1,370	Jan. 2011	Nov. 2011	Construct new plant facilities.