Financial Overview

(in 100 million JPY)

	FY ended Mar. 31, 2013	FY ended Mar. 31, 2012	Rate of Change (%)	Factors
Overall
Sales	25,299	23,041	9.8	-The Company recorded higher sales year-on-year, thanks to greater sales of products designed for hybrid cars, such as electric pumps and regenerative braking systems; and also transmissions.
Operating profit	1,488	1,218	22.2	-
Ordinary income	1,587	1,291	22.9	-
Net income	775	554	39.9	-
Aisin Seiki Group
Sales	8,977	8,220	9.2	-Operating profits increased year-on-year due to higher volumes of units built by Japanese and North American OEMS.
Operating profit	524	426	23.0

Business Plan

Strengthening development and sales through group-wide initiatives:
-The Company is going to combine the group's resources in the area of development and sales, as it aims to commercialize advanced products for the next generation and win new contracts. Based on its new product planning plans, which include release of new technologies by its six major group companies by around 2017, the Group is expected to offer a weight reduction of over 100 kilograms and a fuel consumption improvement of 15 percent in total. In addition, a product planning team consisting of the six companies' executives will conduct studies to realign their technological goals to maximize the effects of each company's technical achievements. The group companies will also step up their initiatives to offer "packaged solution" to automakers to give them clearer picture in terms of environmental and safety improvements their products will bring about. (From an article in the Nikkan Jidosha Shimbun on Jan. 21, 2013)

Increasing sales generated outside Japan
-Aisin Chemical Co., Ltd., an Aisin group company based in Aichi Prefecture and engaged in the supply of friction materials and other products, is set to boost its overseas sales about 2.5 times to 15 billion yen by 2015, compared with the current level. Products currently being handled at overseas facilities are mostly friction materials, like disk brakes in China and Thailand, and wet friction materials for disk brakes and damping coat in the U.S. Hereafter, Aisin Chemical is looking to localize production of chemical products at its overseas facilities with the aim of enhancing sales in the U.S. and Thailand from the current approximately 3 billion yen to 5 billion yen. The plant in China, which started operations only last year, intends to expand its production capacity and increase sales in stages. (From an article in the Nikkan Jidosha Shimbun on August 21, 2012)

Acquisitions

-In 2012, the Company announced that it acquired a 33.4 percent share in Hiji High-Tech Co., Ltd., which designs, develops and tests semiconductor circuits. The acquisition is intended to enhance the company's development capabilities to provide more compact, cost efficient, and sophisticated electronic parts and sensors to automakers, as use of highly advanced electronic control systems is growing. Hiji High-Tech generated 991 million yen in sales in the year ended March 2012 with a workforce of 76. (From an article in the Nikkan Jidosha Shimbun on July. 5, 2012)    

Major Contracts

-The Company said its power sliding door systems are supplied to Toyota for the new "Porte" and "Spade" models that were launched in the Japanese market on July 23. The Company's power sliding door systems enjoy the top share in the global market. The product selected for the "Porte" and "Spade" has reduced size and weight by slashing parts numbers through consolidation of devices inside the door like a unit to control door opening and closing, and to secure the door to be closed tightly. (From an article in the Nikkan Jidosha Shimbun on August 10, 2012)

-In 2012, the Company's Variable Valve Timing-intelligent system (VVT) with intermediate loking mechanism was being equipped on the Nissan "Altima". The valve timing, which was developed as the world's first hydraulic, new locking-mechanism, provides the same level of performance as electrically driven ones, but can be produced at lower cost. >>>Product Image

Outlook for FY ending Mar. 31, 2014

(in 100 million JPY)

	FY ending Mar. 31, 2014 (Forecast)	FY ended Mar. 31, 2013 (Actual Results)	Rate of Change (%)
Sales	26,500	25,299	4.7
Operating income	1,550	1,488	4.2
Ordinary income	1,600	1,587	0.8
Net income	700	775	(9.7)

-The projected operating revenue for fiscal year ending Mar. 2014 is expected to be 4.7% higher overall compared to fiscal year ended Mar. 2013's actual results, with  operating revenue in Japan predicted to decrease 4.0% year-on-year while that in North America and Asia is expected to grow by a double-digit figure.

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

Mid-term Business Plan

-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. The Company has an ambition to triple its operating profit to more than 330 billion yen.

R&D Expenditure

(in 100 million JPY)

	FY ended Mar. 31, 2013	FY ended Mar. 31, 2012	FY ended Mar. 31, 2011
Aisin Seiki Group	564	507	-
Aisin Takaoka Group	11	11	-
Aisin AW Group	529	490	-
ADVICS Group	193	157	-
Others	51	47	-
Total	1,350	1,214	1,114

-During FY ending Mar. 31, 2014, the Company plans to invest 140 billion yen, 3.7% increased year-on-year Research and Development.

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.

-The successful developments the Company achieved during FY2012 include a hydraulic Variable Valve Timing-intelligent system (VVT) with intermediate locking mechanism. The valve timing, which was developed as the world's first hydraulic, new locking-mechanism, provides the same level of performance as electrically driven ones, but can be produced at less cost.

Capital Expenditure

(in million JPY)

	FY ended Mar. 31, 2013	FY ended Mar. 31, 2012
Aisin Seiki Group	76,944	61,324
Aisin Takaoka Group	32,711	23,919
Aisin AW Group	66,632	52,955
ADVICS Group	11,412	8,239
Others	7,741	6,113
Elimination	(409)	(1,753)
Overall	195,032	150,798

-During FY ended Mar. 31, 2013, the Company made capital investments in manufacturing equipment for its body and engine operations.

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)

Planned Capital Investments

(As of Mar. 31, 2013)

	Planned investment (in million JPY)	Mainly for the following facilities
Aisin Seiki Group	88,300	Facilities to produce vehicle bodies and engines
Aisin Takaoka Group	23,400	Metal-casting facilities
Aisin AW Group	75,000	Facilities for producing drivetrains
ADVICS Group	14,200	Facilities for producing brakes and chassis
Others	17,200	Facilities for producing drivetrains
Elimination	(3,100)	-
Total	215,000	-