Financial Overview

(in millions of JPY)

	FY2008	FY2007	Rate of Change (%)	Factors
Sales	180,816	194,155	(6.9)	-Though there was a positive effect from new vehicles being launched in Japan during  the previous fiscal year, sales and income decreased as a result of a dramatic drop in production volume since the autumn of 2008; and the Company's incurring increased depreciation costs due to a change in the corporate tax system.  -Outside Japan, sales and income increased due to new vehicle models being launched in Europe and Asia. However, sales and income decreased in North America, being significantly affected by a sharp drop in production volume.
Operating income	10,523	11,472	(8.3)
Ordinary income	8,156	10,638	(23.3)
Net income	3,625	5,741	(36.9)

Contracts
-Honda placed orders with the Company for all the structural body parts needed for the new Freed compact minivan, which it recently launched. While the Company has had business with Honda's subsidiaries in the U.K. and the U.S., this is the first for the Company to win program business in Japan for body parts for this vehicle model. The Company started commercial production of the body parts in May, 2008 at its Tochigi Plant located in Oyama, Tochigi Prefecture.  It will produce enough parts for 4,000 vehicles a month. (From an article in the Nikkan Jidosha Shimbun on Jun. 6, 2008)


Joint-ventures
-The Company announced that it established a joint venture, Unipres India Private Limited, signing a memorandum of understanding with Marubeni Corporation. The joint venture plant will begin manufacturing metal stamped automobile body parts in the spring of 2010 in Chennai, Tamil Nadu, India, near Renault Nissan Automotive India Private Limited. The new company will be capitalized at 1.4 billion Indian rupees (roughly 3 billion yen), with the Company having an 80% stake and Marubeni 20%. The site will have an area of 120,000 square meters. The initial investment will be 5 billion yen to purchase the site area, construct buildings, and install manufacturing facilities. Construction work will start in 2009, with commercial operations to begin in May 2010 with approximately 300 employees at the time of inauguration. (From an article in the Nikkan Jidosha Shimbun on Oct. 29繝ｻ 2008)


Restructuring
-The Company announced that it will reorganize its business structure effective April 1, 2009. Some of the major changes include consolidating it body parts stamping and assembling divisions currently in Kanagawa Prefecture into its Tochigi Plant in order to enhance its operational efficiency. The consolidation will take place after the Company completes transferring the production operations from Kanagawa to Tochigi, which started in FY2007. In addition, for the purpose of becoming leaner and more agile, the Company decided to abandon the division system that it implemented in its transmission business. In North America, part of the functions of Unipres Southeast U.S.A., Inc. (Mississippi) will be transferred to Unipres U.S.A., Inc. (Tennessee) to more efficiently manage production operations. (From an article in the Nikkan Jidosha Shimbun on Mar. 16, 2009)

Outlook for FY2009

(in millions of JPY)

	FY2008 (actual)	FY2009 (forecast)	Rate of Change (%)
Sales	180,800	151,000	(16.5)
R&D Expenditure	2,000	2,100	0.05
Investment Expenditure	11,800	13,800	16.9

Sales by Products Group

(in millions of JPY)

	FY2008 (actual)		FY2009 (forecast)		Rate of Change (%)
	Sales	Percentage of total sales (%)	Sales	Percentage of total sales (%)
Body pressed products	141,500	78.3	116,500	77.2	(17.7)
Transmission Products	18,500	10.2	19,300	12.8	4.3
Mold tooling products	12,900	7.1	10,000	6.6	(22.5)
Plastic-pressed Products	4,000	2.2	3,900	2.6	(2.5)
Others	3,900	2.2	1,300	0.8	(66.7)
Total	180,800	100.0	151,000	100.0	(16.5)

Sales by Geographic Area

(in millions of JPY)

	FY2008 (actual)		FY2009 (forecast)
	Sales	Operating profit	Sales	Operating profit
Japan	98,300	1,100	96,000	0
North America	29,600	1,900	20,000	100
Europe	24,300	3,200	11,000	500
Asia	28,600	4,100	24,000	2,500
Corporate and eliminations	-	200	-	(400)
Consolidated basis	180,800	10,500	151,000	2,700

Projected Sales of Indian Business

(in millions of JPY)

	FY2010	FY2011	FY2012
Sales	1,300	3,600	3,800

Operations in Thailand
-The Company set up an office in Thailand on June 1, 2009 to prepare for the launch of its business operations in the country.

-The Company received orders for vehicle body frame parts for A platform vehicles.
 The Company plans to start production at the end of the fiscal year 2009 ending March 2010.
 The projected sales for 2012 is 1.3 billion Thai baht.

R&D Expenditure

(in millions of JPY)

	FY2008	FY2007	FY2006
Overall	2,000	2,000	1,600

-Currently 167 employees are engaged in R&D. The Company has 86 industrial property rights as of March 31, 2009.


R&D Activities
Automotive parts business
<Product Development>
-Optimizing the strength and rigidity of products
-Developing products that are more compact and lighter in weight 
-Designing products in which stamping technology can be applied 
-Shortening development periods

<Material Development>
-High-strength steel plates
-Highly rigid plastic materials

<Process Development>
Stamping process for super high-strength steel plats
Hot stamping method
Precision metal stamping
Stamping process for light-alloy materials
Welding process for light-alloy materials
Processing of high-strength pipes
Stamping process for high-strength plastics
Compound molding process for plastic composites.

Capital Investment

(in millions of JPY)

	FY2008	FY2007	FY2006
Overall	11,800	11,900	20,100
Automotive Parts	11,600	11,300	19,900

* In the fiscal year that ended in March 2009, capital investment was reduced by 3 billion 200 million yen from the 15 billion yen originally planned.

Automotive parts
-The Company made capital investments, mainly in upgrading production facilities for automotive parts in order to respond to overseas deployment and remodeling at major customers.


New Facilities (As of Mar. 2009)

Plant (Location)	Business	Expected Investment (millions of yen)	Started in	Expected to Complete in
Headquarters & Offices (Kanagawa Pref., Japan Shizuoka Pref., Japan)	Development of production technology; and remodeling production facilities to deal with model changes	1,700	Apr. 2009	Mar. 2010
Tochigi Plant (Tochigi Pref., Japan Kanagawa Pref., Japan)	Improvement of production technology; and remodeling production facilities to deal with model changes	3,700	Apr. 2009	Mar. 2010
Fuji Plant (Shizuoka Pref., Japan)	Enhancement of production technology; and remodeling production facilities to deal with model changes	1,000	Apr. 2009	Mar. 2010
Unipres Kyusyu Co., Ltd. Headquarters and Plant (Fukuoka Pref., Japan)	Improvement of production technology; and remodeling production facilities to deal with model changes	3,500	Apr. 2009	Mar. 2010
Unipres Guangzhou Corporation Headquarters and Plant (China)	Enhancement of production technology; and remodeling production facilities to deal with model changes	2,700	Jan. 2009	Dec. 2009
Unipres India Private Limited Headquarters and Plant (India)	Construction of a new plant and facilities having an annual production capacity of 300 thousand vehicles.	3,100	Apr. 2009	Mar. 2010