Financial Overview

(in millions of JPY)

	FY ended Mar. 31, 2013	FY ended Mar. 31, 2012	Rate of change (%)	Factors
Sales	14,712	14,132	4.1	1)
Operating income	675	714	(5.5)	-
Ordinary income	975	688	41.7	-
Net income	568	329	72.6	-

Factors
1) Sales
-Sales were higher year-on-year, thanks to increased new-vehicle sales of both compact and passenger cars in Japan and to strong exports, especially to Europe.

Restructuring

-The Company's subsidiary Asahi Tekkojo Co., Ltd. has been merged with Moriyama Mtg. Co., Ltd. to become "Moriyama Mtg. Co., Ltd. (Shimoi Plant)". Owari Precise Products now owns five consolidated subsidiaries; two in Japan and three overseas, in the U.S., India, and Thailand. (From a press release issued in October 2012)

R&D Expenses

(in thousands JPY)

	FY ended Mar. 31, 2013	FY ended Mar. 31, 2012	FY ended Mar. 31, 2011
Overall	3,852	2,489	2,344

R&D Activities

Japan
-In order to deliver lower cost products, the Company worked to develop and find materials both in and outside Japan that can still maintain the same level of performance but at lower cost. Also, the Company developed high-strength bolts, tapping screws for use on plastics, non-loosening screws, screws that prevent tilting and jamming when being inserted and carbon synchros, which are designed to respond to environmental needs and requirements for lighter products.

Technology Licensed-in Agreement

(As of Mar. 31, 2013)

Company	Country	Products under agreement	Details of agreement	Contract period
Conti Fasteners AG	Switzerland	Tap Tight	1. Establishing the usage rights to trademark rights. 2. Consenting to both manufacturing and sales rights 3. Providing technical information	From Jan. 1, 2013 to Jun. 30, 2013
Acument Global Technologies, Inc.	Netherlands	Torx	1. Establishing the usage rights to trademark rights. 2. Consenting to both manufacturing and sales rights 3. Providing technical information	From Apr. 23, 2011 to Apr. 22, 2014
		Torx Plus		From Jan. 1, 2012 to Dec. 31, 2015
		Strux		From Jun. 20, 2013 to Jun. 19, 2016
Ejot GmbH & Co. KG, Industrial Fastener Division	Germany	PT screws	1. Establishing the usage rights to trademark rights. 2. Consenting to both manufacturing and sales rights 3. Providing technical information	From Jun. 21, 2004 to Jul. 27, 2018
		Delta PT screws
ITW Automotive C&F Japan	Japan	Locks	1. Establishing the usage rights to trademark rights. 2. Consenting to both manufacturing and sales rights 3. Providing technical information	From Jun. 15, 2013 to Jun. 14, 2014
MAThread, Inc.	USA	MATheard	1. Establishing the usage rights to trademark rights. 2. Consenting to both manufacturing and sales rights 3. Providing technical information	From Oct. 30, 2009 to Oct. 29, 2024
		MATpoint
Magni Japan, Inc.	Japan	High corrosion-resistant coating agent for metal fittings	1. Establishing the usage rights to trademark rights. 2. Consenting to both manufacturing and sales rights 3. Providing technical information	From Dec. 1, 2012 to Nov. 30, 2015

Technology Licensed-out Agreement

(As of Mar. 31, 2013)

Company	Country	Products under agreement	Details of agreement	Contract period
Hexas Precision (Jiaxing) Co., Ltd.	China	Bolts	Technical assistance regarding production, application and sales	From Sep. 1, 2011 to Aug. 31, 2014

Capital Expenditure

(in millions of JPY)

	FY ended Mar. 31, 2013	FY ended Mar. 31, 2012	FY ended Mar. 31, 2011
Overall	1,309	412	160
-Buildings and structures	587	N.A	N.A
-Machinery	552	166	96

-The Company invested to add plant buildings, revamp its production lines, improve productivity, and maintain and renew facilities.

<Japan>
-The Company invested 536 million yen in buildings and structures to strengthen its production framework to be ready for the future. It added plant buildings so as to reorganize its production plants, which includes enhancing distribution efficiencies.

-The Company invested 292 million yen in machinery in order to enhance the productivity of, and maintain and renew, its manufacturing facilities.

<India>
-The Company invested 118 million yen in machinery in order to manufactures products based on new orders.

Planned Capital Investments

(As of Mar. 31, 2013)

Company	Location	Target of Investment	Planned Investment Total (in millions of JPY)	Start	End (Scheduled)	Capacity Increase after Completion
The Company Mino Plant	Gifu Pref., Japan	Heat treatment furnace	138 million yen	Feb. 2013	Jun. 2013	47 million parts more per month
		Heat treatment furnace	136 million yen	Aug. 2013	Oct. 2013	47 million parts more per month