Financial Overview

(in 100 million JPY)

	FY ended Mar. 31, 2012	FY ended Mar. 31, 2011	Rate of Change (%)	Factors
Overall
Sales	23,041	22,574	2.1	1)
Operating profit	1,218	1,327	(8.2)	-
Ordinary income	1,291	1,478	(12.7)	-
Net income	554	696	(20.4)	-
Aisin Seiki Group
Sales	8,220	8,257	(0.4)	-Production volumes at Japanese OEMs, the Company’s major customers, recovered.
Operating profit	426	537	(20.7)

Factors
1)
-Although the Company's performance was impacted by its customers adjusting their production volumes based on their operations being hampered by the Great East Japan Earthquake and the flooding in Thailand, the Company had strong sales of products such as transmissions and electric pumps designed for hybrid vehicles. In addition, a full recovery in production activities by its customers was underway at the beginning of the year.

Joint Ventures

-Toyota Boshoku Corporation and Aisin Seiki Co., Ltd. held an opening ceremony at their jointly owned and operated company, TBAI Poland Sp. z o.o., to celebrate the production start of seat frames and seat covers. The seat frames that have begun to be produced at this new plant are the next-generation "TB-NF110 Series" seat frames that are characterized by the structure designed in the pursuit of excellent riding comfort performance with reduced weight and resources, which are realized by the use of high-tensile steel in the 980 MPa-class for a portion of the seat frame material. These seat frames are assembled at Toyota Boshoku Somain S.A.S. in France, and then shipped to the new Toyota Yaris manufacture, Toyota Motor Manufacturing France S.A.S.. The joint venture, which has a site are of approximately 80,000 square meters, is owned 70% by Toyota Boshoku Europe and 30% by Aisin Europe. TBAI is the third manufacturing base that began production of these seat frames in June 2011, following Japan and North American region. (From a press release on October 17, 2011)

Outlook for FY ending Mar. 31, 2013

(in 100 million JPY)

	FY ending Mar. 31, 2013 (Estimate)	FY ended Mar. 31, 2012 (Result)	Year-on-year Fluctuation (%)
Sales	25,000	23,041	8.5
Operating income	1,500	1,218	23.2
Ordinary income	1,550	1,291	20.1
Net income	670	554	20.9

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

Mid-term Business Plans

-The Company has mapped out a long-term vision to increase its sales 50 percent to 3.3 trillion yen by fiscal 2020 from the forecast for fiscal 2011. Aisin has an ambition to triple its operating profit to more than 330 billion yen. The new mid-term business plan has set targets far exceeding results of 2.7 trillion yen in sales and 180 billion yen in operating profit, the highest on record achieved in fiscal 2007. By embarking on new business strategy by product and region, Aisin aims to maintain the position of the world’s third largest parts supplier in the long-term run. (From an article in the Nikkan Jidosha Shimbun on January 13, 2012)

R&D Expenditure

(in 100 million JPY)

	FY ended Mar. 31, 2012	FY ended Mar. 31, 2011	FY ended Mar. 31, 2010
Aisin Seiki Group	507	-	-
Aisin Takaoka Group	11	-	-
Aisin AW Group	490	-	-
ADVICS Group	157	-	-
Others	47	-	-
Overall	1,214	1,114	1,011

R&D Activities

-The Company is expanding the scope of its R&D activities, conducting development activities in all sorts of fields. These included developing products for ITSs, from systems creation to modularization; conducting scientific research on people's living environment and the eco-system based on the latest automotive parts technology such as fuel cells and laser.

Aisin Seiki Group
-Major Achievements in R&D:

• Hybrid automatic transmission systems for commercial vehicles
• Co-generation systems for homes
• Manual transmissions for sports cars

Product Development

Car Information System
-The Company, Japan Automobile Research Institute and other three organizations announced on June 27 that they have developed "Centerless Probe Car Information System," which collects and delivers the updated road traffic information to drivers by way of inter-vehicle communication system without relying on centralized communication network. The system, which does not use communication infrastructure like the mobile phone service network, can be used without trouble even in case of a large scale disaster. A vehicle equipped with this communication system is also reputed to contribute to reducing carbon dioxide emissions by 12 percent. Members that have participated in this project are aiming to standardize the system after repeated testing of the technology. The other three members are Keio Research Institute at SFC, i-Transport Lab Co., Ltd., which develops and sells road traffic simulation packages, and NEC Soft, Ltd., a software developer. (From an article in the Nikkan Jidosha Shimbun on June 28, 2011)

Capital Expenditure

(in million JPY)

	FY ended Mar. 31, 2012
Aisin Seiki Group	61,324
Aisin Takaoka Group	23,919
Aisin AW Group	52,955
ADVICS Group	8,239
Others	6,113
Elimination	(1,753)
Overall	150,798

Investment in Japan

-The Company is beginning to produce large-size motors installed in automatic transmissions for hybrid vehicles by the end of December. With an investment of nearly one billion yen, a production line dedicated to motors was installed at the Ogawa Plant where automatic transmissions are manufactured. The new production line will have capacity of up to 500 motors a month. Nevertheless, the production volume will remain at around 250 per month for the next three years. Aisin has so far produced motors only at its Handa Plant, but has increased production and supply capacity responding to new orders for automatic transmissions received from Hino for commercial hybrid vehicles. Automatic transmissions supplied by Aisin Seiki for hybrids will be installed in light-duty hybrid trucks Hino is planning to introduce to the North American market in early 2012. (From an article in the Nikkan Jidosha Shimbun on December 3, 2011)

Investment Outside Japan

<India>
-The Company announced establishment of two new manufacturing subsidiaries in India, one in the north and the other in the south. Aisin Automotive Haryana Private Ltd. (AHL) for sales, designing and production has been established in Haryana state in the north. Aisin Automotive Karnataka Private Ltd. (AKL) has been established in Karnataka state in the south. While the company already has a subsidiary in Karnataka to manufacture automotive body parts, it plans to expand businesses in India with the establishment of these two subsidiaries. It aims to win orders from Toyota Motor Corp. and plants of other Japanese automakers in India. (From an article in the Nikkan Jidosha Shimbun on January 6, 2012)

<China>
-The Company announced on November 28 that it has established Aisin Wuxi Body Parts Co., Ltd. in Wuxi, Jiangsu Province, China to manufacture sunroof systems. The new company was established through a joint investment with Hsin Chong Machinery Works Co. Ltd. and Elite Sewing Machine Mfg. Co., Ltd. The joint venture will rent part of the facility of Hsin Chong Machinery Works to set up new production lines. Investment is expected to reach about 300 million yen, majority of which will be used for installing new equipment, and operations are scheduled to begin around March 2012. The Group’s third sunroof plant in China aims to generate sales of 2.5 billion yen in 2015. Aisin Wuxi Body Parts is owned 51 percent by Aisin Seiki, 40 percent by Hsin Chong Machinery Works, and 9 percent by Elite Sewing Machine. (From an article in the Nikkan Jidosha Shimbun on November 29, 2011)

-The Company announced on November 28 it will establish its first electronic components factory in China, planning its production launch in December 2012. It will form Aisin Seiki Foshan Electronics Co., Ltd., a production facility in Foshan, Guangdong Province to make electronic control units (ECUs) and sensors used in ABSs and sunroof systems. The Foshan Plant will become Aisin Seiki's second electronic components plant outside Japan, following that in the U.S. The establishment will allow Aisin Seiki to improve its supply efficiency by locally manufacturing ECUs for its group companies in China, which use ECUs in their products. The company is investing 3.4 billion yen in this project, targeting sales of 5 billion yen in 2015. (From an article in the Nikkan Jidosha Shimbun on November 29, 2011)

-The Company set up a subsidiary for designing and developing vehicle body parts in Jiangsu, China, which is called Aisin (Nantong) Technical Center of China Co., Ltd., the company announced on August 31. Designing functions for the Chinese market, which have been so far performed primarily in Japan, will be transferred to the new company. It will be formed as early as September with an investment of approximately 160 million yen and is scheduled to go into operation in October. Initially it will be staffed by 14 engineers, mostly Japanese. But, by fiscal 2015 the number of staff will be expanded to 50 by increasing local hires. This is a second overseas development company for Aisin following its U.S. facility established in 2008. (From an article in the Nikkan Jidosha Shimbun on September 1, 2011)

<Brazil>
-The Company has set up a production subsidiary "Aisin Automotive Ltda. (AAL)" in Sao Paulo, Brazil. The new subsidiary is preparing for a full-scale operation at its new plant, a second production facility in Brazil, which is slated for the second half of 2012. The plant will initially produce seat parts and door frames for supply to Toyota for its new compact model. A total investment in the production equipment will amount to 3.3 billion yen. In the medium term, Aisin is looking to expand the product lineup, including other unit parts, with an aim of securing 5 billion yen in sales in fiscal 2015. (From an article in the Nikkan Jidosha Shimbun on October 6, 2011)

Planned Capital Investments

(in million JPY)

	Planned investment	Mainly for the following facilities
Aisin Seiki Group	73,800	Facilities to produce vehicle bodies and engines
Aisin Takaoka Group	25,000	Metal-casting facilities
Aisin AW Group	80,000	Facilities for producing drivetrains
ADVICS Group	12,400	Facilities for producing brakes and chassis
Others	9,700	Facilities for producing drivetrains
Elimination	(900)	-
Total	200,000	-