MIRA INFORM REPORT

Report Date :

14.12.2011

IDENTIFICATION DETAILS

Name :	SINTOKOGIO, LTD.

Registered Office :	3-28-12, Meieki Nakamura-ku Nagoya-shi, 450-0002

Country :	Japan

Financials (as on) :	31.03.2011

Date of Incorporation :	10.10.1934

Legal Form :	Public Parent

Line of Business :	Manufacture of other metalworking machine tools

No. of Employees :	3,521

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	No Complaints
Litigation :	--

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – September 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Japan

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name and address

Sintokogio, Ltd.

3-28-12, Meieki

Nakamura-ku

Nagoya-shi, 450-0002

Japan

Tel:

81-52-5829214

Fax:

81 (52) 586-2279

Employees:

3,521

Company Type:

Public Parent

Corporate Family:

5 Companies

Traded:

Tokyo Stock Exchange:

6339

Incorporation Date:

10-Oct-1934

Auditor:

Deloitte & Touche LLP

Financials in	USD (mill)
Fiscal Year End:	31-Mar-2011
Reporting Currency:	Japanese Yen
Annual Sales:	868.7 1
Net Income:	27.1
Total Assets:	1,206.8 2
Market Value:	475.4
	(25-Nov-2011)

Business Description

Sintokogio, Ltd. is a manufacturer engaged in six business segments. The Casting segment manufactures and sells casting machines, vacuum-sealed processing equipments, molding sand processing equipments and components for casting, among others. The Surface Treatment segment offers shot blasting machines, air blasting machines, shot peening machines and barrel grinders. The Environment segment manufactures and sells dust collecting equipments, deodorization equipments, muffling devices and others. The Carrier segment provides gravity conveyors, lifting and lowering devices, as well as transportation systems. The Special Equipment segment manufactures and sells liquid crystal display (LCD) panel manufacturing equipments, handling robots, servo cylinders and electronic component assembly equipments. The Others segment is engaged in the design of machinery, the operation of information-related business and welfare business. For the six months ended 30 September 2011, Sintokogio, Ltd.'s revenues increased 22% to Y39.87B. The Company's net income totaled Y1.29B, up from Y601M. Revenues reflect higher sales due to favorable economic environment and increased demands. Net income also benefited from lower percentage of cost of sales and SG&A expenses, the absence of foreign exchange losses, as well as increased gain on equity.

Industry

Industry	Miscellaneous Capital Goods
ANZSIC 2006:	2463 - Machine Tool and Parts Manufacturing
NACE 2002:	2942 - Manufacture of other metalworking machine tools
NAICS 2002:	333513 - Machine Tool (Metal Forming Types) Manufacturing
UK SIC 2003:	2942 - Manufacture of other metalworking machine tools
US SIC 1987:	3542 - Machine Tools, Metal Forming Types

Key Executives

Name	Title
Atsushi Nagai	President, Representative Director
Ikuhisa Uratsuji	Chief Director of Sales, Director
Yutaka Iwase	Co-Auditor
Hiroshi Kondo	Co-Managing Director
Masayuki Hirayama	Chairman of the Board, Chairman of a Subsidiary, Representative Director

Significant Developments

Topic	#*	Most Recent Headline	Date
Mergers & Acquisitions	1	Shintokogio, Ltd.'s Subsidiary to Acquire National Peening, Inc.	7-Nov-2011
Positive Earnings Pre-Announcement	3	Shintokogio, Ltd. Raises Consolidated Mid-year and Full-year Outlook for FY 2012	5-Aug-2011

News

Title	Date
Sintokogio 1H Grp Net Pft Y1.29B Vs Y601.00M Pft Yr Earlier Nikkei English News (57 Words)	7-Nov-2011
Sintokogio 1Q Grp Net Pft Y679.00M Vs Y237.00M Pft Yr Earlier Nikkei English News (57 Words)	5-Aug-2011
Sintokogio Expects This FY Group Net Profit Y2.60B Nikkei English News (60 Words)	5-Aug-2011
Sintokogio Ups 1H Group Net Profit View To Y1.30B Nikkei English News (58 Words)	5-Aug-2011
Sintokogio Ups FY Group Net Profit View To Y2.60B Nikkei English News (58 Words)	5-Aug-2011

Financial Summary

As of 30-Sep-2011

Key Ratios	Company	Industry
Current Ratio (MRQ)	2.32	1.95
Quick Ratio (MRQ)	1.97	1.03
Debt to Equity (MRQ)	0.11	0.45
Sales 5 Year Growth	-3.44	6.22
Net Profit Margin (TTM) %	4.04	7.96
Return on Assets (TTM) %	3.39	8.48
Return on Equity (TTM) %	4.77	17.58

$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/ProductData/GBB/ChartImages/Chart_1227.jpg?KxRx=0x06279$

Tooltip

FYE	Sales	Assets
03/31/2007	821.5	957.7
03/31/2008	938.9	1,129.8
03/31/2009	967.0	1,042.0
03/31/2010	734.5	1,036.4
03/31/2011	868.7	1,206.8

USD (mil)

$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!/web/images/webtab/Btn_on_cht.gif$

$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/webtab/Btn_off_data.gif$

$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/webtab/Seperator.gif$

$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/webtab/rightSep.gif$

$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/webtab/endTab.gif$

$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/ProductData/GBB/ChartImages/Chart_1228.jpg?KxRx=0x0457$

Tooltip

Total Revenue USD (mil)

12 months ending 31-Mar-2010


Asia	47.1	6.3 %
Europe	127.9	17.1 %
Japan	516.1	68.8 %
North America	26.0	3.5 %
South America	33.0	4.4 %
Segment Total	750.1	100.0 %
Intercompany Eliminations	-15.5	-2.1 %
Consolidated Total	734.5	97.9 %

$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!/web/images/webtab/Btn_on_cht.gif$

$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/webtab/Btn_off_data.gif$

$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/webtab/Seperator.gif$

$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/webtab/rightSep.gif$

$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/webtab/endTab.gif$

>> Geographic Segments (Annual)

Stock Snapshot

Traded: Tokyo Stock Exchange: 6339

As of 25-Nov-2011

Financials in: JPY

Recent Price	653.00	EPS	47.44
52 Week High	926.00	Price/Sales	0.50
52 Week Low	621.00	Dividend Rate	13.00
Avg. Volume (mil)	0.06	Price/Earnings	13.72
Market Value (mil)	36,929.77	Price/Book	0.56
		Beta	1.29

	Price % Change	Rel S&P 500%
4 Week	-13.16%	-5.20%
13 Week	-10.30%	-4.02%
52 Week	0.46%	23.66%
Year to Date	-15.41%	7.59%

1 - Profit & Loss Item Exchange Rate: USD 1 = JPY 85.69144
2 - Balance Sheet Item Exchange Rate: USD 1 = JPY 82.88

Corporate Overview

Location
3-28-12, Meieki
Nakamura-ku
Nagoya-shi, 450-0002
Japan

Tel:	81-52-5829214
Fax:	81 (52) 586-2279

$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/arrows/externalright.gif$ http://www.sinto.co.jp/

$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/spacer.gif$

Quote Symbol - Exchange
6339 - Tokyo Stock Exchange
$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/spacer.gif$
Sales JPY(mil):	74,437.0
Assets JPY(mil):	100,018.0
Employees:	3,521
Fiscal Year End:	31-Mar-2011

$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/spacer.gif$
Industry:	Miscellaneous Capital Goods

$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/spacer.gif$

Incorporation Date:	10-Oct-1934
Company Type:	Public Parent
Quoted Status:	Quoted

$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/spacer.gif$
President, Representative Director:	Atsushi Nagai

Company Web Links

Corporate History/Profile

Financial Information

$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/spacer.gif$

Home Page

Products/Services

$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/spacer.gif$

Contents

$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/spacer.gif$

Shareholders

Subsidiaries

Key Corporate Relationships

$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/spacer.gif$

Industry Codes

ANZSIC 2006 Codes:
2499	-	Other Machinery and Equipment Manufacturing Not Elsewhere Classified
2463	-	Machine Tool and Parts Manufacturing
2491	-	Lifting and Material Handling Equipment Manufacturing

NACE 2002 Codes:
2951	-	Manufacture of machinery for metallurgy
2862	-	Manufacture of tools
2923	-	Manufacture of non-domestic cooling and ventilation equipment
2942	-	Manufacture of other metalworking machine tools
2922	-	Manufacture of lifting and handling equipment

NAICS 2002 Codes:
333922	-	Conveyor and Conveying Equipment Manufacturing
333411	-	Air Purification Equipment Manufacturing
333515	-	Cutting Tool and Machine Tool Accessory Manufacturing
333518	-	Other Metalworking Machinery Manufacturing
333516	-	Rolling Mill Machinery and Equipment Manufacturing
333513	-	Machine Tool (Metal Forming Types) Manufacturing
333514	-	Special Die and Tool, Die Set, Jig, and Fixture Manufacturing
333512	-	Machine Tool (Metal Cutting Types) Manufacturing

US SIC 1987:
3564	-	Industrial and Commercial Fans and Blowers and Air Purification Equipment
3535	-	Conveyors and Conveying Equipment
3545	-	Cutting Tools, Machine Tool Accessories, and Machinists' Precision Measuring Devices
3549	-	Metalworking Machinery, Not Elsewhere Classified
3547	-	Rolling Mill Machinery and Equipment
3542	-	Machine Tools, Metal Forming Types
3544	-	Special Dies and Tools, Die Sets, Jigs and Fixtures, and Industrial Molds
3541	-	Machine Tools, Metal Cutting Types

UK SIC 2003:
2951	-	Manufacture of machinery for metallurgy
2862	-	Manufacture of tools
2923	-	Manufacture of non-domestic cooling and ventilation equipment
2942	-	Manufacture of other metalworking machine tools
2922	-	Manufacture of lifting and handling equipment

Business Description

$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/spacer.gif$

More Business Descriptions

$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/spacer.gif$

Manufacture and sale of foundry equipment and machinery; surface treatment machinery; pollution control equipment; plastic forming machines; granulate handling equipment

$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/spacer.gif$

Other Industrial Machinery Manufacturing

$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/spacer.gif$

Financial Data

Financials in:	JPY(mil)
$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/spacer.gif$
Revenue:	74,437.0
Net Income:	2,324.0
Assets:	100,018.0
Long Term Debt:	4,449.0
Total Liabilities:	36,288.0
Working Capital:	35.6
$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/spacer.gif$
Date of Financial Data:	31-Mar-2011

$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/spacer.gif$

1 Year Growth

9.0%

306.9%

3.3%

Market Data

Quote Symbol:	6339
Exchange:	Tokyo Stock Exchange
Currency:	JPY
Stock Price:	653.0
Stock Price Date:	11-25-2011
52 Week Price Change %:	0.5
Market Value (mil):	36,929,768.0
$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/spacer.gif$
SEDOL:	6804626
ISIN:	JP3378200004
$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/spacer.gif$
Equity and Dept Distribution:
FY'08 3Q WAS=O/S. FY'99-'02 all were estimated. FY'04-06 Q1 & Q3, FY'07 Q1&3Q WAS and O/S were estimated. FY'08 1Q WAS=O/S.

Subsidiaries

Company	Percentage Owned	Country
Sinto Brasil Produtos Ltda.		BRAZIL

Shareholders

Major Shareholders

Japan Trustee Services,T (9.7%); Master Trust Bank of Japan (5.3%)

Key Corporate Relationships

Auditor:	Deloitte & Touche LLP
$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/spacer.gif$
Auditor:	Deloitte & Touche LLP
$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/spacer.gif$

Corporate Structure News

Sintokogio, Ltd.
Total Corporate Family Members: 5

Company Name	Company Type	Location	Country	Industry	Sales (USD mil)	Employees
Sintokogio, Ltd.	Parent	Nagoya-shi	Japan	Miscellaneous Capital Goods	868.7	3,521
Heinrich Wagner Sinto Maschinenfabrik GmbH	Subsidiary	Bad Laasphe, Nordrhein-Westfalen	Germany	Miscellaneous Capital Goods	125.3	330
Sinto Brasil Produtos Ltda.	Subsidiary	São Paulo, SP	Brazil	Miscellaneous Capital Goods		100
Meikikou Corporation	Subsidiary	Toyoake	Japan	Miscellaneous Capital Goods	1.0
Thai Sintokogio Co Ltd	Subsidiary	Khlong Luang, Pathum Thani	Thailand	Miscellaneous Capital Goods

Executives Report

$mhtml:file://\\vivek\D\Sintokogio,%20Ltd..mht!http://globalbb.onesource.com/web/images/spacer.gif$

Board of Directors

Name

Title

Function

Masayuki Hirayama

Chairman of the Board, Chairman of a Subsidiary, Representative Director

Chairman

Mr. Masayuki Hirayama has been serving as Chairman of the Board and Representative Director in Sintokogio, Ltd., as well as Chairman of the Board in a subsidiary, since June 2008. He previously served as Executive Director, Senior Managing Director, President and Vice Chairman. Mr. Mirayama is also serving as a consultant in another subsidiary, SINTOBRATOR, LTD., in which he used to work as President and Director.

Yujiro Takeda

Vice Chairman of the Board, Representative Director

Vice-Chairman

Mr. Yujiro Takeda has been serving as Vice Chairman of the Board and Representative Director in Sintokogio, Ltd. since June 26, 2009. He previously served as Managing Director, Vice President and Director in its subsidiary. He obtained his LLB's degree from Chuo University in March 1965.

Education

LLB , Chuo University

Shuji Hirai

Managing Director, President of Shinto SB Tech Company

Director/Board Member

Mr. Shuji Hirai has been serving as Managing Director and President of Shinto SB Tech Company in Sintokogio, Ltd. since October 2010. He previously served as Director of Technology in Shinko Eco-tech Company, Manager of Nishiharu Business Center and President of Shinko Eco-tech Company. Mr. Hirai used to work for another company.

Kenichi Ishio

Director

Director/Board Member

Etsuzo Kawai

Senior Managing Director, Manager of Toyokawa Manufacturing Center

Director/Board Member

Mr. Etsuzo Kawai has been serving as Senior Managing Director and Manager of Toyokawa Manufacturing Center of Sintokogio, Ltd. since April 2009. He joined the Company in April 1973. His previous titles include Director of Technology, Managing Director, Manager of Toyokawa Manufacturing Center and Chief Director of Development.

Keiji Kitagawa

Chief Director of Special Machinery Business, Director

Director/Board Member

Mr. Keiji Kitagawa has been serving as Chief Director of Special Machinery Business and Director in Sintokogio, Ltd. since April 2009. He joined the Company in April 1969 and previously served as Director of Sales and Manager of Project Office in Shinto Eco-tech Company, as well as Director of Sales Promotion.

Yoshinori Koketsu

Managing Director, Vice President of Shinto SB Tech Company

Director/Board Member

Mr. Yoshinori Koketsu has been serving as Managing Director and Vice President of Shinto SB Tech Company in Sintokogio, Ltd. since June 2009. His previous title was Managing Executive Officer. He used to work for a subsidiary.

Atsushi Nagai

President, Representative Director

Director/Board Member

Mr. Atsushi Nagai has been serving as President and Representative Director in Sintokogio, Ltd. since June 2006. He is also working for a Germany-based subsidiary as Representative Director. He joined the Company in April 1984. Mr. Nagai previously served as Director of Total Planning, Managing Director, Director of Overseas Business, Senior Managing Director, Chief Director of Mechatronics Business and Vice President.

Ikuhisa Uratsuji

Chief Director of Sales, Director

Director/Board Member

Mr. Ikuhisa Uratsuji has been serving as Chief Director of Sales and Director in Sintokogio, Ltd. since June 2007. He previously served as Director of Sales in Shinko Eco-tech Company and Manager of Tokyo Office. Mr. Uratsuji used to work for another company.

Executives

Name

Title

Function

Atsushi Nagai

President, Representative Director

President

Shuji Hirai

Managing Director, President of Shinto SB Tech Company

Managing Director

Etsuzo Kawai

Senior Managing Director, Manager of Toyokawa Manufacturing Center

Managing Director

Yoshinori Koketsu

Managing Director, Vice President of Shinto SB Tech Company

Managing Director

Hiroshi Kondo

Co-Managing Director

Managing Director

Yutaka Iwase

Co-Auditor

Finance Executive

Toshinobu Natsume

Co-Auditor

Finance Executive

Masahiro Ohira

Co-Auditor

Finance Executive

Toshihisa Shibata

Co-Auditor

Finance Executive

Ikuhisa Uratsuji

Chief Director of Sales, Director

Sales Executive

Significant Developments

Shintokogio, Ltd.'s Subsidiary to Acquire National Peening, Inc.

Nov 07, 2011

Shintokogio, Ltd. announced that its subsidiary has decided to acquire a 100% stake in National Peening, Inc. for USD 19,000,000 (approximately JPY 1,450,000,000), in late November 2011.

Shintokogio, Ltd. Raises Consolidated Mid-year and Full-year Outlook for FY 2012

Aug 05, 2011

Shintokogio, Ltd. announced that it has raised its consolidated mid-year outlook for revenue from JPY 37,500 million to JPY 39,000 million, operating profit from JPY 1,300 million to JPY 2,000 million, ordinary profit from JPY 1,500 million to JPY 2,200 million, net profit from JPY 900 million to JPY 1,300 million and earning per share from JPY 16.58 to JPY 23.94, for the fiscal year ending March 2012. In addition, the Company has also raised its consolidated full-year outlook for revenue from JPY 78,000 million to JPY 80,000 million, operating profit from JPY 3,600 million to JPY 4,300 million, ordinary profit from JPY 3,800 million to JPY 4,500 million, net profit from JPY 2,200 million to JPY 2,600 million and earning per share from JPY 40.52 to JPY 47.89, for the fiscal year ending March 2012. The Company raised the outlook due to the increased demands, among others.

Shintokogio, Ltd. Raises Consolidated Full-year Outlook and Year-end Dividend Forecast for FY 2011

Apr 26, 2011

Shintokogio, Ltd. announced that it has raised its consolidated full-year outlook for revenue from JPY 71,000 million to JPY 74,000 million, operating profit from JPY 2,400 million to JPY 4,000 million, ordinary profit from JPY 2,700 million to JPY 4,100 million, net profit from JPY 1,500 million to JPY 2,400 million and earning per share from JPY 27.53 to JPY 44.10 for the fiscal year ended March 2011.The Company raised the outlook due to the increased sales, among others. In addition, the Company has also raised its year-end dividend forecast from JPY 5.00 per share announced on May 7, 2010, to JPY 7.00 per share, for the fiscal year ended March 2011.

Shintokogio, Ltd. Raises Consolidated Full-year Outlook for FY Ending March 2011

Feb 07, 2011

Shintokogio, Ltd. announced that it has raised its consolidated full-year outlook for revenue from JPY 70,000 million to JPY 71,000 million, operating profit from JPY 1,600 million to JPY 2,400 million, ordinary profit from JPY 2,000 million to JPY 2,700 million, net profit from JPY 1,000 million to JPY 1,500 million and earning per share from JPY 18.36 to JPY 27.53 for the fiscal year ending March 2011.The Company raised the outlook due to the increased demands and the cost reduction, among others.

Sintokogio 1H Grp Net Pft Y1.29B Vs Y601.00M Pft Yr Earlier

Nikkei English News
07 November 2011

[What follows is the full text of the news story.]

Sintokogio Ltd. (6339.TO)

Japan

1st Half Ended September 30

GROUP 2011 2010

Revenue Y39.87 blnY32.77 bln

Operating Profit 2.09 bln 706.00 mln

Pretax Profit 2.48 bln 898.00 mln

Net Profit 1.29 bln 601.00 mln

Per share

Earnings 23.82 11.05

Results are based on Japanese accounting standards.

Sintokogio Expects This FY Group Net Profit Y2.60B

Nikkei English News
07 November 2011

[What follows is the full text of the news story.]

Sintokogio Ltd. also released the following forecasts:

GROUP Year Ending

Mar 2012

Revenue Y80.00 bln

Operating Profit 4.30 bln

Pretax Profit 4.50 bln

Net Profit 2.60 bln

Per share

Earnings 47.89

Results are based on Japanese accounting standards.

Sintokogio 1Q Grp Net Pft Y679.00M Vs Y237.00M Pft Yr Earlier

Nikkei English News
05 August 2011

[What follows is the full text of the news story.]

Sintokogio Ltd. (6339.TO)

Japan

1st Quarter Ended June 30

GROUP 2011 2010

Revenue Y19.85 blnY16.60 bln

Operating Profit 1.07 bln 256.00 mln

Pretax Profit 1.43 bln 409.00 mln

Net Profit 679.00 mln 237.00 mln

Per share

Earnings 12.51 4.35

Results are based on Japanese accounting standards.

Sintokogio Expects This FY Group Net Profit Y2.60B

Nikkei English News
05 August 2011

[What follows is the full text of the news story.]

Sintokogio Ltd. also released the following forecasts:

GROUP 1st Half To Year Ending

Sep 2011Mar 2012

Revenue Y39.00 blnY80.00 bln

Operating Profit 2.00 bln 4.30 bln

Pretax Profit 2.20 bln 4.50 bln

Net Profit 1.30 bln 2.60 bln

Per share

Earnings 23.94 47.89

Results are based on Japanese accounting standards.

Sintokogio Ups 1H Group Net Profit View To Y1.30B

Nikkei English News
05 August 2011

[What follows is the full text of the news story.]

Sintokogio Ltd. (6339.TO)

GROUP New Forecast Prior

For 1H To Sep 2011 Forecast

Revenue Y39.00 blnY37.50 bln

Operating Profit 2.00 bln 1.30 bln

Pretax Profit 2.20 bln 1.50 bln

Net Profit 1.30 bln 900.00 mln

Per share

Earnings 23.94 16.58

Results are based on Japanese accounting standards.

Sintokogio Ups FY Group Net Profit View To Y2.60B

Nikkei English News
05 August 2011

[What follows is the full text of the news story.]

Sintokogio Ltd. (6339.TO)

GROUP New Forecast Prior

For Year To Mar 2012 Forecast

Revenue Y80.00 blnY78.00 bln

Operating Profit 4.30 bln 3.60 bln

Pretax Profit 4.50 bln 3.80 bln

Net Profit 2.60 bln 2.20 bln

Per share

Earnings 47.89 40.52

Results are based on Japanese accounting standards.

Australia: Sintokogio Receives Patent for 'Method for Filling a Foam Mixture in a Cavity of a Metal Mold and An Apparatus for Molding a Mold'

Australian Government
16 July 2011

[What follows is the full text of the news story.]

Australia, July 16 -- Sintokogio Ltd., Japan, has filed an application (2006324794) on Nov. 8, 2006, for 'Method for Filling a Foam Mixture in a Cavity of a Metal Mold and An Apparatus for Molding a Mold.'

The patent is effective from Nov. 8, 2006, till Nov. 8, 2026.

Inventor(s): Kazuyuki Nishikawa, Norihiro Asano, Yusuke Kato, Toshihiko Zenpo, Toshio Kanno and Shinji Sonoyama

Application Status: Sealed

Acceptance Date: Feb. 23

Paid to Date: Nov. 8

The original document can be viewed at: http://pericles.ipaustralia.gov.au/ols/auspat/applicationDetails.do?applicationNo=2006324794

For any query with respect to this article or any other content requirement, please contact Editor at htsyndication@hindustantimes.com

New Japan and Ceramics Research Study Findings Have Been Reported from T. Aoki et al

Japan and Ceramics Research

China Weekly News
22 June 2011

[What follows is the full text of the news story.]

According to recent research published in the Journal of the Ceramic Society of Japan, "We have developed a centrifugal heating apparatus to fabricate layered TiS2-based thermoelectric elements, and evaluated their thermoelectric properties. We found that layered (SnS)(1.2)(TiS2)(2) bulk elements with preferred crystallographic orientation can be produced within a quartz tube under a centrifugal acceleration of 1,000g or higher and at a maximum temperature of 1,073 K or higher."

"With the increasing centrifugal acceleration from 1,000 to 8,000g, the electrical conductivity of the produced specimen was almost doubled possibly because of the increased degree of crystal-axis orientation. For the specimens produced at 8,000g, we estimated a maximum thermoelectric figure of merit, ZT, of approximately 0.2 (673 K)," wrote T. Aoki and colleagues.

The researchers concluded: "We have thus demonstrated that it is possible to use the centrifugal heating technique to fabricate layered TiS2-based thermoelectric elements directly from the powdered raw materials."

Aoki and colleagues published their study in the Journal of the Ceramic Society of Japan (Evaluation of layered TiS2-based thermoelectric elements fabricated by a centrifugal heating technique. Journal of the Ceramic Society of Japan, 2011;119(1389):382-385).

For additional information, contact T. Aoki, Sintokogio Ltd, 3-1 Honohara, Aichi 4428505, JAPAN.

The publisher's contact information for the Journal of the Ceramic Society of Japan is: Ceramic Society Japan-Nippon Seramikkusu KYOKAI, 2-22-17 Hyakunin-CHO Shinjuku-Ku, Tokyo, 169, Japan.

Sintokogio Ltd Files Patent Application for a Machine for Centrifugally Shooting Abrasives

Indian Patent News
08 September 2011

[What follows is the full text of the article.]

New Delhi, Sept. 8 -- Japan based Sintokogio Ltd filed patent application for a machine for centrifugally shooting abrasives. The inventors are Ito Masakatsu, Iwata Kyoichi and Shiga Masaji.

Sintokogio Ltd filed the patent application on May 3, 2011. The patent application number is 1835/KOLNP/2011 A. The international classification number is B24C5/06.

According to the Controller General of Patents, Designs & Trade Marks, "A machine for centrifugally shooting abrasives that shoots the abrasives by rotation of an impeller is provided. In the machine, the impeller comprises a pair of disc-shaped side plates that face each other at a predetermined distance and a plurality of blades disposed between the side plates in the radial direction of the side plates. The impeller is mounted on a hub that is fitted into an output shaft of an electric motor. The impeller is covered by a cover. The side liner and blades of the machine can be easily replaced. A side liner that is U-shaped with the longer side facing downward is detachably attached to the inner side of the cover . The upper part of the side liner is divisible into two parts. The side liner protects the side wall of the cover from the abrasives that are shot from the impeller. The side liner has a U-shaped cross section. The impeller is fixed to the hub by screwing a bolt on the hub from the inner sides of the side plates. The diameter of the impeller is limited to be 200 mm at maximum."

About the Company

Sintokogio, Ltd., parent company of the Sinto Group, was originally founded in 1934 as Kubota Seisakusho, a foundry equipment design and manufacturing firm. In 1959, on its 25th anniversary, the company changed its name to Sintokogio, Ltd., and relocated its main production facilities to Toyokawa city, just outside the centrally located city of Nagoya, Japan.

Sintokogio Ltd. Files Patent Application for a Method for Squeezing Foundry Sand a Match Plate and an Upper and a Lower Flask

Indian Patent News
13 January 2011

[What follows is the full text of the article.]

New Delhi, Jan. 13 -- Japan based Sintokogio Ltd. filed patent application for a method for squeezing foundry sand a match plate, and an upper and a lower flask. The inventors are Hirata Minoru, Terabe Tokiya and Sakaguchi Koichi.

Sintokogio Ltd. filed the patent application on Oct. 17, 2006. The patent application number is 2996/KOLNP/2006 A. The international classification numbers are B22C15/02 and B22C15/00.

According to the Controller General of Patents, Designs & Trade Marks, "A method of squeezing a foundry sand capable of solving a problem in upper and lower molds manufactured by a mold manufacturing apparatus, in which the foundry sand is squeezed by moving upper and lower squeeze plates close to each other after the foundry sand is filled in upper and lower molding spaces formed by the upper and lower flasks, match plates, and upper and lower squeeze means, wherein the hardness and strength thereof near the inner surfaces of the upper and lower flasks are not sufficient. The method is characterized in that the upper and lower squeeze plates are moved close to each other to squeeze the foundry sand in upper and lower molding chambers, and the pattern parts of the match plates are advanced to the upper and lower squeeze plate sides to further squeeze the foundry sand in the upper and lower molding chambers."

Sintokogio, Ltd. is a Japan-based manufacturer that operates in seven business segments: casting, Surface Treatment, Environmental, Distribution, Mechatronics, Projection and Abrasive Materials, and Others segments.

Sintokogio Ltd. Files Patent Application for Method of Producing Sand Mold

Indian Patent News
12 January 2011

[What follows is the full text of the article.]

New Delhi, Jan. 12 -- Japan based Sintokogio Ltd. filed patent application for method of producing sand mold. The inventors are Hirata Minoru and Kaneto Kimikazu.

Sintokogio Ltd. filed the patent application on Oct. 11, 2006. The patent application number is 2928/KOLNP/2006 A. The international classification numbers are B22C15/02 and B22C15/24.

According to the Controller General of Patents, Designs & Trade Marks, "A method for manufacturing an excellent sand mold by adjusting the pressure value or the blowout time of a first compressed air. In the method, foundry sand is squeezed by moving a squeeze means to a pattern plate side after the foundry sand is blown into a molding space demarcated by at least the pattern plate, a flask, and the squeeze means by supplying a second compressed air onto the upper surface of the foundry sand held in a sand blowing device while floatingly moving the foundry sand near a sand blowout port held in the sand blowing device by blowing the first compressed air near the sand blowout port of the sand blowing device positioned above the molding space and holding the foundry sand. The blowout time of the first compressed air can be decreased or increased based on the results obtained by measuring a movement distance to the pattern plate side of the squeeze means when the squeeze of the foundry sand in the molding space is completed and calculating a difference between the measured value and a target value."

Annual Income Statement

Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)

Financial Glossary

	31-Mar-2011	31-Mar-2010	31-Mar-2009	31-Mar-2008	31-Mar-2007
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Mar-2011	Updated Normal 31-Mar-2010	Updated Normal 31-Mar-2009	Updated Normal 31-Mar-2008	Updated Normal 31-Mar-2007
Filed Currency	JPY	JPY	JPY	JPY	JPY
Exchange Rate (Period Average)	85.691434	92.941082	100.484331	114.302336	116.944303
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Tohmatsu & Co.
Auditor Opinion	Unqualified	Unqualified with Explanation	Unqualified	Unqualified	Unqualified

Net Sales	868.7	734.5	967.0	938.9	821.5
Revenue	868.7	734.5	967.0	938.9	821.5
Total Revenue	868.7	734.5	967.0	938.9	821.5

Cost of Revenue	612.3	537.1	705.1	691.6	594.9
Cost of Revenue, Total	612.3	537.1	705.1	691.6	594.9
Gross Profit	256.4	197.4	261.8	247.3	226.6

Selling/General/Administrative Expense	77.7	65.2	70.3	62.7	58.0
Labor & Related Expense	104.6	98.1	98.8	89.3	78.9
Advertising Expense	2.8	2.2	3.1	3.2	1.9
Total Selling/General/Administrative Expenses	185.1	165.5	172.2	155.2	138.8
Research & Development	16.4	15.2	15.2	11.4	11.4
Depreciation	4.8	4.2	4.6	3.6	3.3
Amortization of Acquisition Costs	0.8	0.0	0.0	0.0	0.2
Depreciation/Amortization	5.6	4.2	4.6	3.6	3.5
Litigation	-	-	-	0.0	-0.1
Impairment-Assets Held for Use	0.3	0.6	2.4	5.1	0.4
Impairment-Assets Held for Sale	2.8	1.4	17.3	1.3	0.0
Other Unusual Expense (Income)	0.5	0.2	0.0	0.6	4.2
Unusual Expense (Income)	3.7	2.1	19.7	7.0	4.5
Total Operating Expense	823.2	724.1	916.8	868.8	753.1

Operating Income	45.5	10.4	50.1	70.1	68.4

Interest Expense - Non-Operating	-1.1	-1.2	-1.5	-1.4	-1.4
Interest Expense, Net Non-Operating	-1.1	-1.2	-1.5	-1.4	-1.4
Interest Income - Non-Operating	2.5	1.2	2.3	2.0	1.4
Investment Income - Non-Operating	-0.3	3.5	4.0	5.8	10.6
Interest/Investment Income - Non-Operating	2.3	4.8	6.3	7.8	11.9
Interest Income (Expense) - Net Non-Operating Total	1.2	3.6	4.9	6.4	10.5
Gain (Loss) on Sale of Assets	0.1	-0.3	0.2	1.0	2.5
Other Non-Operating Income (Expense)	-0.2	2.9	2.6	-0.2	0.2
Other, Net	-0.2	2.9	2.6	-0.2	0.2
Income Before Tax	46.5	16.6	57.7	77.4	81.6

Total Income Tax	16.4	10.0	23.5	31.9	29.5
Income After Tax	30.1	6.6	34.3	45.5	52.2

Minority Interest	-3.0	-0.3	-1.0	-1.5	-1.9
Net Income Before Extraord Items	27.1	6.2	33.2	44.0	50.3
Net Income	27.1	6.2	33.2	44.0	50.3

Miscellaneous Earnings Adjustment	-0.1	-0.1	-0.1	-0.1	0.0
Total Adjustments to Net Income	-0.1	-0.1	-0.1	-0.1	0.0
Income Available to Common Excl Extraord Items	27.0	6.1	33.1	43.9	50.3

Income Available to Common Incl Extraord Items	27.0	6.1	33.1	43.9	50.3

Basic/Primary Weighted Average Shares	54.4	54.5	54.5	54.6	54.6
Basic EPS Excl Extraord Items	0.50	0.11	0.61	0.80	0.92
Basic/Primary EPS Incl Extraord Items	0.50	0.11	0.61	0.80	0.92
Dilution Adjustment	0.0	0.0	0.0	0.0	0.0
Diluted Net Income	27.0	6.1	33.1	43.9	50.3
Diluted Weighted Average Shares	54.4	54.5	54.5	54.6	54.6
Diluted EPS Excl Extraord Items	0.50	0.11	0.61	0.80	0.92
Diluted EPS Incl Extraord Items	0.50	0.11	0.61	0.80	0.92
Dividends per Share - Common Stock Primary Issue	0.14	0.11	0.16	0.12	0.11
Gross Dividends - Common Stock	7.6	5.9	8.7	6.7	6.1
Interest Expense, Supplemental	1.1	1.2	1.5	1.4	1.4
Depreciation, Supplemental	21.1	20.9	20.5	17.6	13.9
Total Special Items	4.4	2.5	19.5	5.9	2.1
Normalized Income Before Tax	50.9	19.1	77.2	83.3	83.8

Effect of Special Items on Income Taxes	1.3	0.9	7.9	2.5	0.7
Inc Tax Ex Impact of Sp Items	17.7	10.9	31.4	34.4	30.2
Normalized Income After Tax	33.2	8.2	45.8	49.0	53.6

Normalized Inc. Avail to Com.	30.1	7.7	44.7	47.3	51.7

Basic Normalized EPS	0.55	0.14	0.82	0.87	0.95
Diluted Normalized EPS	0.55	0.14	0.82	0.87	0.95
Amort of Acquisition Costs, Supplemental	0.8	0.0	0.0	-0.1	0.1
Rental Expenses	7.3	7.0	6.8	4.8	4.4
Advertising Expense, Supplemental	2.8	2.2	3.1	3.2	1.9
Research & Development Exp, Supplemental	16.8	15.7	16.3	12.3	12.3
Reported Operating Profit	49.1	12.4	70.3	77.0	72.8
Reported Ordinary Profit	50.2	17.7	77.7	83.3	82.4
Normalized EBIT	49.2	12.6	69.8	77.2	72.9
Normalized EBITDA	71.1	33.5	90.3	94.7	86.9
Interest Cost - Domestic	1.8	1.7	1.4	1.3	1.1
Service Cost - Domestic	7.9	4.4	11.2	5.6	4.2
Prior Service Cost - Domestic	0.5	0.4	0.4	0.3	0.7
Expected Return on Assets - Domestic	-1.1	-0.8	-0.8	-0.9	-0.8
Actuarial Gains and Losses - Domestic	3.2	3.3	1.9	1.1	1.2
Domestic Pension Plan Expense	12.2	9.0	14.0	7.4	6.4
Defined Contribution Expense - Domestic	1.6	1.5	1.3	1.1	0.0
Total Pension Expense	13.8	10.5	15.4	8.5	6.4
Discount Rate - Domestic	1.80%	1.80%	2.00%	2.00%	2.00%
Expected Rate of Return - Domestic	2.00%	2.00%	2.00%	2.00%	2.00%
Total Plan Interest Cost	1.8	1.7	1.4	1.3	1.1
Total Plan Service Cost	7.9	4.4	11.2	5.6	4.2
Total Plan Expected Return	-1.1	-0.8	-0.8	-0.9	-0.8

Annual Balance Sheet

Financials in: USD (mil)

Financial Glossary

	31-Mar-2011	31-Mar-2010	31-Mar-2009	31-Mar-2008	31-Mar-2007
UpdateType/Date	Updated Normal 31-Mar-2011	Updated Normal 31-Mar-2010	Updated Normal 31-Mar-2009	Updated Normal 31-Mar-2008	Updated Normal 31-Mar-2007
Filed Currency	JPY	JPY	JPY	JPY	JPY
Exchange Rate	82.88	93.44	98.77	99.535	118.075
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Tohmatsu & Co.
Auditor Opinion	Unqualified	Unqualified with Explanation	Unqualified	Unqualified	Unqualified

Cash & Equivalents	235.3	167.9	163.5	117.2	102.6
Short Term Investments	87.1	78.6	53.5	79.1	42.4
Cash and Short Term Investments	322.4	246.5	217.0	196.3	145.0
Accounts Receivable - Trade, Gross	293.2	243.8	306.4	369.9	296.9
Provision for Doubtful Accounts	-2.6	-1.8	-1.6	-1.9	-1.6
Trade Accounts Receivable - Net	290.5	242.0	304.8	368.0	295.3
Total Receivables, Net	290.5	242.0	304.8	368.0	295.3
Inventories - Finished Goods	17.5	14.4	16.7	16.0	-
Inventories - Work In Progress	48.3	61.3	76.0	79.8	-
Inventories - Raw Materials	28.9	28.1	30.5	27.2	-
Total Inventory	94.7	103.7	123.3	123.0	96.0
Deferred Income Tax - Current Asset	16.6	12.5	12.1	14.5	12.3
Other Current Assets	12.6	13.3	23.2	11.2	6.3
Other Current Assets, Total	29.2	25.7	35.4	25.7	18.6
Total Current Assets	736.9	618.0	680.5	712.9	554.9

Buildings	210.2	191.2	163.7	168.4	135.6
Land/Improvements	63.9	53.3	48.8	46.6	38.6
Machinery/Equipment	222.7	200.6	188.0	194.8	162.0
Construction in Progress	16.8	2.0	5.4	1.6	1.2
Leases	3.7	2.5	1.0	-	-
Other Property/Plant/Equipment	41.2	38.1	34.9	37.3	30.3
Property/Plant/Equipment - Gross	558.6	487.6	441.8	448.6	367.6
Accumulated Depreciation	-344.2	-302.1	-272.1	-283.4	-230.7
Property/Plant/Equipment - Net	214.4	185.6	169.7	165.2	136.8
Goodwill, Net	0.6	-	-	-	0.0
Intangibles, Net	12.8	11.8	8.6	5.4	5.7
LT Investments - Other	200.0	185.8	148.4	211.3	233.6
Long Term Investments	200.0	185.8	148.4	211.3	233.6
Note Receivable - Long Term	2.8	3.5	2.3	2.2	0.2
Deferred Income Tax - Long Term Asset	7.4	7.0	5.6	5.2	3.3
Restricted Cash - Long Term	22.0	0.0	-	-	-
Other Long Term Assets	9.9	24.7	26.8	27.7	23.2
Other Long Term Assets, Total	39.3	31.7	32.4	32.9	26.6
Total Assets	1,206.8	1,036.4	1,042.0	1,129.8	957.7

Accounts Payable	166.4	120.3	152.8	202.0	167.7
Accrued Expenses	23.2	18.8	21.2	24.2	18.6
Notes Payable/Short Term Debt	26.4	26.5	29.3	26.0	33.4
Current Portion - Long Term Debt/Capital Leases	3.7	1.2	1.4	15.9	0.0
Customer Advances	29.2	45.7	75.0	56.4	44.7
Income Taxes Payable	10.1	3.2	5.9	20.0	19.8
Other Current Liabilities	41.1	30.2	34.6	40.5	35.2
Other Current liabilities, Total	80.5	79.0	115.4	116.8	99.7
Total Current Liabilities	300.2	245.9	320.1	384.9	319.3

Long Term Debt	51.2	28.1	29.9	29.4	13.8
Capital Lease Obligations	2.5	2.9	2.5	0.0	-
Total Long Term Debt	53.7	31.0	32.5	29.4	13.8
Total Debt	83.7	58.7	63.2	71.3	47.2

Deferred Income Tax - LT Liability	21.3	15.9	5.4	17.8	36.5
Deferred Income Tax	21.3	15.9	5.4	17.8	36.5
Minority Interest	19.9	16.1	15.0	16.6	13.4
Reserves	0.8	3.0	3.3	3.3	2.6
Pension Benefits - Underfunded	34.2	32.4	31.7	27.3	21.4
Other Long Term Liabilities	7.7	5.0	4.8	5.2	3.0
Other Liabilities, Total	42.7	40.4	39.8	35.8	27.1
Total Liabilities	437.8	349.3	412.7	484.6	410.2

Common Stock	69.4	61.6	58.2	57.8	48.7
Common Stock	69.4	61.6	58.2	57.8	48.7
Additional Paid-In Capital	75.6	66.9	63.3	62.8	52.9
Retained Earnings (Accumulated Deficit)	644.8	553.0	524.6	494.9	381.0
Treasury Stock - Common	-15.7	-12.3	-11.5	-11.4	-8.6
Unrealized Gain (Loss)	25.2	33.7	15.0	43.6	77.2
Translation Adjustment	-30.4	-15.8	-20.3	-2.4	-3.7
Other Equity, Total	-30.4	-15.8	-20.3	-2.4	-3.7
Total Equity	768.9	687.0	629.3	645.3	547.6

Total Liabilities & Shareholders’ Equity	1,206.8	1,036.3	1,041.9	1,129.8	957.7

Shares Outstanding - Common Stock Primary Issue	54.3	54.5	54.5	54.5	54.6
Total Common Shares Outstanding	54.3	54.5	54.5	54.5	54.6
Treasury Shares - Common Stock Primary Issue	2.3	2.1	2.1	2.0	1.9
Employees	3,521	3,484	3,621	3,473	3,343
Number of Common Shareholders	5,017	5,631	5,924	4,788	4,422
Deferred Revenue - Current	29.2	45.7	75.0	56.4	44.7
Total Long Term Debt, Supplemental	53.2	31.6	30.6	45.3	19.0
Long Term Debt Maturing within 1 Year	2.1	3.5	0.7	15.9	5.2
Long Term Debt Maturing in Year 2	33.0	0.2	3.3	0.6	13.3
Long Term Debt Maturing in Year 3	5.2	26.9	0.2	3.4	0.4
Long Term Debt Maturing in Year 4	5.2	1.1	25.4	0.2	0.1
Long Term Debt Maturing in Year 5	3.5	0.0	1.0	25.2	-
Long Term Debt Maturing in 2-3 Years	38.2	27.1	3.5	4.0	13.7
Long Term Debt Maturing in 4-5 Years	8.7	1.1	26.4	25.4	0.1
Long Term Debt Matur. in Year 6 & Beyond	4.3	0.0	0.0	0.0	0.0
Total Capital Leases, Supplemental	4.1	4.1	3.3	-	-
Capital Lease Payments Due in Year 1	1.6	1.2	0.8	-	-
Capital Lease Payments Due in Year 2	1.4	1.2	0.8	-	-
Capital Lease Payments Due in Year 3	0.8	1.0	0.8	-	-
Capital Lease Payments Due in Year 4	0.3	0.6	0.7	-	-
Capital Lease Payments Due in Year 5	0.1	0.1	0.3	-	-
Capital Lease Payments Due in 2-3 Years	2.2	2.2	1.6	-	-
Capital Lease Payments Due in 4-5 Years	0.3	0.7	0.9	-	-
Cap. Lease Pymts. Due in Year 6 & Beyond	0.0	0.0	-	-	-
Pension Obligation - Domestic	115.3	105.5	92.5	84.3	70.4
Plan Assets - Domestic	67.1	56.2	43.2	49.6	46.6
Funded Status - Domestic	-48.1	-49.3	-49.3	-34.7	-23.8
Total Funded Status	-48.1	-49.3	-49.3	-34.7	-23.8
Discount Rate - Domestic	1.80%	1.80%	2.00%	2.00%	2.00%
Expected Rate of Return - Domestic	2.00%	2.00%	2.00%	2.00%	2.00%
Accrued Liabilities - Domestic	-32.4	-29.5	-28.6	-21.3	-16.4
Other Assets, Net - Domestic	15.8	19.8	20.7	13.4	7.4
Net Assets Recognized on Balance Sheet	-16.6	-9.7	-7.9	-7.9	-8.9
Total Plan Obligations	115.3	105.5	92.5	84.3	70.4
Total Plan Assets	67.1	56.2	43.2	49.6	46.6

Annual Cash Flows

Financials in: USD (mil)

Financial Glossary

	31-Mar-2011	31-Mar-2010	31-Mar-2009	31-Mar-2008	31-Mar-2007
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Mar-2011	Updated Normal 31-Mar-2010	Updated Normal 31-Mar-2009	Updated Normal 31-Mar-2008	Updated Normal 31-Mar-2007
Filed Currency	JPY	JPY	JPY	JPY	JPY
Exchange Rate (Period Average)	85.691434	92.941082	100.484331	114.302336	116.944303
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Tohmatsu & Co.
Auditor Opinion	Unqualified	Unqualified with Explanation	Unqualified	Unqualified	Unqualified

Net Income/Starting Line	46.4	16.5	57.6	77.3	81.6
Depreciation	21.1	20.9	20.5	17.6	13.9
Depreciation/Depletion	21.1	20.9	20.5	17.6	13.9
Amortization of Acquisition Costs	0.8	0.0	0.0	0.0	0.2
Amortization	0.8	0.0	0.0	0.0	0.2
Unusual Items	6.6	3.3	21.3	5.7	-5.0
Equity in Net Earnings (Loss)	-1.8	-2.0	-1.9	-2.0	-3.3
Other Non-Cash Items	-4.6	-2.7	-1.6	-1.5	-9.3
Non-Cash Items	0.1	-1.3	17.8	2.2	-17.6
Accounts Receivable	-13.8	83.4	54.8	-15.0	-20.6
Inventories	18.8	29.2	-8.0	-6.5	-11.7
Accounts Payable	32.3	-42.4	-40.1	0.0	8.4
Accrued Expenses	1.2	-1.9	-3.5	1.7	2.1
Taxes Payable	1.0	-2.2	0.8	0.0	0.3
Other Liabilities	-16.8	-36.0	24.1	1.2	11.5
Other Operating Cash Flow	6.1	-2.8	-41.8	-35.6	-17.3
Changes in Working Capital	28.9	27.2	-13.7	-54.2	-27.4
Cash from Operating Activities	97.4	63.3	82.3	43.0	50.7

Purchase of Fixed Assets	-30.1	-26.6	-35.5	-20.9	-29.5
Purchase/Acquisition of Intangibles	-2.8	-4.1	-2.6	-0.5	-0.5
Capital Expenditures	-32.8	-30.7	-38.1	-21.5	-30.0
Acquisition of Business	-	0.0	-1.5	0.0	-
Sale of Business	0.2	0.0	-	-	-
Sale of Fixed Assets	0.5	0.9	3.6	2.0	4.6
Sale/Maturity of Investment	23.9	19.2	36.3	17.8	15.9
Investment, Net	1.0	0.1	0.1	-0.1	1.1
Purchase of Investments	-57.0	-25.0	-37.6	-18.1	-23.1
Other Investing Cash Flow	0.4	-1.4	0.3	-1.7	0.5
Other Investing Cash Flow Items, Total	-31.1	-6.3	1.2	0.0	-1.0
Cash from Investing Activities	-63.9	-36.9	-37.0	-21.4	-31.1

Other Financing Cash Flow	-0.8	-0.4	-1.0	-0.7	-0.5
Financing Cash Flow Items	-0.8	-0.4	-1.0	-0.7	-0.5
Cash Dividends Paid - Common	-6.3	-7.6	-8.1	-6.4	-5.6
Total Cash Dividends Paid	-6.3	-7.6	-8.1	-6.4	-5.6
Sale/Issuance of Common	0.7	0.0	-	0.0	1.0
Repurchase/Retirement of Common	-2.9	-0.1	0.0	-1.1	-1.7
Common Stock, Net	-2.2	-0.1	0.0	-1.1	-0.6
Issuance (Retirement) of Stock, Net	-2.2	-0.1	0.0	-1.1	-0.6
Short Term Debt, Net	1.2	-8.9	5.9	-6.4	-7.2
Long Term Debt Issued	20.8	0.0	1.0	25.3	0.1
Long Term Debt Reduction	-5.3	-1.7	-16.2	-5.6	-18.3
Long Term Debt, Net	15.5	-1.7	-15.2	19.8	-18.2
Issuance (Retirement) of Debt, Net	16.7	-10.6	-9.3	13.3	-25.4
Cash from Financing Activities	7.4	-18.8	-18.5	5.1	-32.1

Foreign Exchange Effects	-8.3	2.4	-7.5	1.4	2.0
Net Change in Cash	32.6	10.0	19.2	28.0	-10.5

Net Cash - Beginning Balance	254.2	224.3	188.3	137.5	144.9
Net Cash - Ending Balance	286.8	234.4	207.5	165.5	134.4
Cash Interest Paid	1.1	1.2	1.4	1.3	1.4
Cash Taxes Paid	5.9	4.9	38.0	35.8	20.6

ANNUAL INCOME STATEMENT

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Mar-2011	31-Mar-2010	31-Mar-2009	31-Mar-2008	31-Mar-2007
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Mar-2011	Updated Normal 31-Mar-2010	Updated Normal 31-Mar-2009	Updated Normal 31-Mar-2008	Updated Normal 31-Mar-2007
Filed Currency	JPY	JPY	JPY	JPY	JPY
Exchange Rate (Period Average)	85.691434	92.941082	100.484331	114.302336	116.944303
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Tohmatsu & Co.
Auditor Opinion	Unqualified	Unqualified with Explanation	Unqualified	Unqualified	Unqualified

Net Sales	868.7	734.5	967.0	938.9	821.5
Total Revenue	868.7	734.5	967.0	938.9	821.5

Cost of Sales	612.3	537.1	705.1	691.6	594.9
Shipping	20.1	15.6	20.2	20.0	18.4
Sales Commission	10.9	8.4	7.2	6.8	5.9
Patent Usage	0.2	0.8	0.8	0.9	0.6
Advertising	2.8	2.2	3.1	3.2	1.9
Entertainment	1.8	1.5	2.1	2.0	2.0
Travel, Transpor.	11.8	10.3	10.9	9.8	9.0
Payrolls	78.7	74.7	74.7	69.4	60.6
Provision for bonuses	7.8	7.0	6.4	6.3	6.2
Provision for dir's bonuses	2.0	1.2	1.3	0.8	0.7
Periodic retirement benefit costs	4.8	4.3	6.1	3.2	2.4
Prov. for dirs' retirment benefits	0.2	0.2	0.3	0.3	0.3
Welfare expenses	11.0	10.7	10.1	9.3	8.7
Taxes, other than income taxes	2.6	2.4	2.8	2.5	2.4
Office Supplies	1.3	1.2	1.4	1.4	1.3
Communication	2.6	2.5	2.3	1.8	1.7
Depreciation	4.8	4.2	4.0	3.6	3.3
Rental Expense	7.3	7.0	6.8	4.8	4.4
Amort. of Goodwill	0.8	0.1	0.0	0.1	0.3
Provision for doubtful accounts(SGA)	0.6	0.1	0.2	0.0	-
R & D expenses	16.4	15.2	15.2	11.4	11.4
Other SG&A	18.6	15.5	15.6	12.7	12.2
SP Rev.Allow.Doubt.Acct	-	-	0.0	0.0	-0.2
SP Rev. Allow. Environmental Exp.	-	-	-	0.0	-0.1
SP Rev. Allow. Blg. Withdrawal Exp.	-	-	-	0.0	-0.1
SP Rev. Ligitation Loss	-	-	-	0.0	-0.1
SP Rev. G on Prov. for Plant warranty	0.0	-0.2	0.0	-	-
SP Rev. G on Prov.for envir. measure	0.0	-0.1	0.0	-	-
SP Loss Retir.Fix.Asset	0.2	0.4	1.3	0.5	0.4
SP Loss Val. Fix. Asset	-	-	-	-	0.0
SP Loss Impairment Assets	0.2	0.2	1.2	4.5	0.0
SP Nonrecurring depreciation	-	0.0	0.7	0.0	-
SP Loss Val. Inv. Sec.	2.8	1.4	17.3	1.3	0.0
SP Environment Safety Prep. expense	-	-	0.0	0.2	0.0
SP Reserve for Environment Safety Prep.	-	-	-	-	0.0
SP Reserve for removal of building costs	-	-	-	-	0.0
SP Restoration expense	-	-	-	0.0	0.0
SP Product Compensation	-	-	0.0	0.3	4.2
SP Loss-Contract Cancelled	-	-	-	0.0	0.2
SP Loss Val. Membership	0.1	0.5	0.0	0.1	0.1
SP Other Loss	0.4	0.0	-	-	-
NOP Amort.negative Goodwill	0.0	0.0	0.0	-0.1	-0.1
Total Operating Expense	823.2	724.1	916.8	868.8	753.1

NOP Interest Income	2.5	1.2	2.3	2.0	1.4
NOP Dividend Income	2.5	2.1	3.8	3.0	2.5
NOP Gain Equity Investment	1.8	2.0	1.9	2.0	3.3
NOP Insurance Dividend	-	-	0.5	1.1	1.4
NOP G-Managing Inv. Fund	-	-	-	0.0	2.2
NOP Other Non-Op.Income	2.8	4.5	3.8	2.5	2.2
NOP Interest Expense	-1.1	-1.2	-1.5	-1.4	-1.4
NOP Exchange Loss	-1.4	0.0	-	-	-
NOP L-Managing Inv. Fund	-3.0	-1.8	-2.3	-0.3	0.0
NOP Provision of allow. for doubtful ac.	-1.0	0.0	-	-	-
NOP Other Non-Op.Expense	-2.1	-1.6	-1.2	-2.7	-2.0
SP Gain Sale Fix.Asset	0.1	0.1	0.4	1.2	2.5
SP Gain Sale Inv. Sec.	0.1	1.3	0.7	0.0	1.1
SP Gains on equity changes	0.1	0.0	-	-	-
SP Gain Sale Memberships	-	-	-	0.0	0.1
SP L on liquidation of LT inv't in secs	-	-	-	0.0	0.0
SP Loss Sale Fix.Asset	0.0	-0.4	-0.2	-0.2	-0.1
SP L on redemp. of invest. secs.	-0.4	0.0	-	-	-
SP Loss Change Equity	-	0.0	-0.2	0.0	-
SP Loss Sale Inv. Secs.	-	-	0.0	0.0	0.0
SP Loss Sale Affil.Stk.	-	0.0	-0.3	0.0	-
SP Loss Sale Memberships	-	-	-	0.0	0.0
Net Income Before Taxes	46.5	16.6	57.7	77.4	81.6

Provision for Income Taxes	16.4	10.0	23.5	31.9	29.5
Net Income After Taxes	30.1	6.6	34.3	45.5	52.2

MinorityInterest	-3.0	-0.3	-1.0	-1.5	-1.9
Net Income Before Extra. Items	27.1	6.2	33.2	44.0	50.3
Net Income	27.1	6.2	33.2	44.0	50.3

Directors' Bonuses	-	-	-	-	0.0
Adjustment	-0.1	-0.1	-0.1	-0.1	0.0
Income Available to Com Excl ExtraOrd	27.0	6.1	33.1	43.9	50.3

Income Available to Com Incl ExtraOrd	27.0	6.1	33.1	43.9	50.3

Basic Weighted Average Shares	54.4	54.5	54.5	54.6	54.6
Basic EPS Excluding ExtraOrdinary Items	0.50	0.11	0.61	0.80	0.92
Basic EPS Including ExtraOrdinary Item	0.50	0.11	0.61	0.80	0.92
Dilution Adjustment	0.0	0.0	0.0	0.0	0.0
Diluted Net Income	27.0	6.1	33.1	43.9	50.3
Diluted Weighted Average Shares	54.4	54.5	54.5	54.6	54.6
Diluted EPS Excluding ExtraOrd Items	0.50	0.11	0.61	0.80	0.92
Diluted EPS Including ExtraOrd Items	0.50	0.11	0.61	0.80	0.92
DPS-Common Stock	0.14	0.11	0.16	0.12	0.11
Gross Dividends - Common Stock	7.6	5.9	8.7	6.7	6.1
Normalized Income Before Taxes	50.9	19.1	77.2	83.3	83.8

Inc Tax Ex Impact of Sp Items	17.7	10.9	31.4	34.4	30.2
Normalized Income After Taxes	33.2	8.2	45.8	49.0	53.6

Normalized Inc. Avail to Com.	30.1	7.7	44.7	47.3	51.7

Basic Normalized EPS	0.55	0.14	0.82	0.87	0.95
Diluted Normalized EPS	0.55	0.14	0.82	0.87	0.95
Rental Expense	7.3	7.0	6.8	4.8	4.4
R & D expenses (SGA)	16.4	15.2	15.2	11.4	11.4
R & D expenses (COGS)	0.4	0.5	1.1	0.9	0.9
Advertising Expense	2.8	2.2	3.1	3.2	1.9
Interest Expense	1.1	1.2	1.5	1.4	1.4
Depreciation	21.1	20.9	20.5	17.6	13.9
Amort of Goodwill	0.8	0.0	0.0	0.0	0.2
Amortization of negative goodwill	-	-	-	-0.1	-0.1
Reported Operating Profit	49.1	12.4	70.3	77.0	72.8
Reported Ordinary Profit	50.2	17.7	77.7	83.3	82.4
Service Cost	7.9	4.4	11.2	5.6	4.2
Interest Cost	1.8	1.7	1.4	1.3	1.1
Expected Return of Plan Asset	-1.1	-0.8	-0.8	-0.9	-0.8
Prior Service Costs	0.5	0.4	0.4	0.3	0.7
Actuarial G/L	3.2	3.3	1.9	1.1	1.2
Domestic Pension Plan Expense	12.2	9.0	14.0	7.4	6.4
Defined contribution expense	1.6	1.5	1.3	1.1	0.0
Total Pension Expense	13.8	10.5	15.4	8.5	6.4
Discount Rate	1.80%	1.80%	2.00%	2.00%	2.00%
Expected Rate of Return	2.00%	2.00%	2.00%	2.00%	2.00%

Annual Balance Sheet

Financials in: USD (mil)

	31-Mar-2011	31-Mar-2010	31-Mar-2009	31-Mar-2008	31-Mar-2007
UpdateType/Date	Updated Normal 31-Mar-2011	Updated Normal 31-Mar-2010	Updated Normal 31-Mar-2009	Updated Normal 31-Mar-2008	Updated Normal 31-Mar-2007
Filed Currency	JPY	JPY	JPY	JPY	JPY
Exchange Rate	82.88	93.44	98.77	99.535	118.075
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Tohmatsu & Co.
Auditor Opinion	Unqualified	Unqualified with Explanation	Unqualified	Unqualified	Unqualified

Cash & Deposits	235.3	167.9	163.5	117.2	102.6
Note&Acct. Rcvl.	293.2	243.8	306.4	369.9	296.9
Marketable Sec.	87.1	78.6	53.5	79.1	42.4
Inventories	-	-	-	-	96.0
Inventories - finished goods	17.5	14.4	16.7	16.0	-
Inventories - work-in-process	48.3	61.3	76.0	79.8	-
Inventories - raw materials & supplies	28.9	28.1	30.5	27.2	-
Deferred Tax	16.6	12.5	12.1	14.5	12.3
Other Curr.Asset	12.6	13.3	23.2	11.2	6.3
Allow.Doubt.Acct	-2.6	-1.8	-1.6	-1.9	-1.6
Total Current Assets	736.9	618.0	680.5	712.9	554.9

Bldg.&Structures	210.2	191.2	163.7	168.4	135.6
Accum. depr - bldg&struc	-127.6	-111.6	-101.2	-101.0	-
Mach.&Vehicles	222.7	200.6	188.0	194.8	162.0
Accum. depr - machin&vehicles	-180.3	-157.6	-141.8	-151.9	-
Land	63.9	53.3	48.8	46.6	38.6
Lease assets, gross	3.7	2.5	1.0	-	-
Accum. depr - lease assets	-1.4	-0.7	-0.2	-	-
Contr.-in-Prog.	16.8	2.0	5.4	1.6	1.2
Other PP&E	41.2	38.1	34.9	37.3	30.3
Accum. depr - other PPE	-34.9	-32.2	-28.9	-30.5	-
Depreciation	-	-	-	-	-230.7
Total intangible assets	-	11.8	8.6	5.4	-
Goodwill	0.6	-	-	-	0.0
Lease assets	1.8	-	-	-	-
Consolid.Adj.	-	-	-	-	0.0
Other Intangible	11.1	-	-	-	5.7
Invest. Securit.	200.0	185.8	148.4	211.3	233.6
LT Loan	2.8	3.5	2.3	2.2	0.2
Time deposit over 1 year	22.0	0.0	-	-	-
Deferred Tax	7.4	7.0	5.6	5.2	3.3
Other Assets	11.4	25.4	27.4	28.7	24.2
Allow.Doubt.Acct	-1.5	-0.7	-0.6	-1.0	-0.9
Adjustment	-0.1	0.0	-	0.0	0.0
Total Assets	1,206.8	1,036.4	1,042.0	1,129.8	957.7

Note&Acct. Pybl.	166.4	120.3	152.8	202.0	167.7
ST Debt	26.4	26.5	29.3	26.0	33.4
LT borrowings (current)	1.3	0.0	0.7	0.8	-
Curr.Corp.Bond	0.8	0.0	0.0	15.1	0.0
Lease liabilities (current)	1.6	1.2	0.8	0.0	-
Corp.Tax Pybls.	10.1	3.2	5.9	20.0	19.8
Sales Tax Pybls.	3.2	2.0	3.8	3.3	2.6
Advances received	29.2	45.7	75.0	56.4	44.7
Allow.Bonus	17.9	15.6	16.2	19.9	15.3
Allow. Dir's Bonus	2.1	1.2	1.3	1.0	0.7
Allow.Plant Depos	6.8	6.5	5.0	5.7	3.7
Allow.Project Received	0.3	0.3	0.3	1.2	0.6
Reserve for removal of building costs	-	-	-	-	0.0
Reserve for environmental safety	-	0.0	0.0	0.0	-
Other Curr.Liab.	34.0	23.4	29.2	33.6	30.9
Adjustment	-	-	0.1	-	-
Total Current Liabilities	300.2	245.9	320.1	384.9	319.3

Corp. Bond	37.0	27.8	26.3	25.1	12.7
LT Debt	14.2	0.3	3.6	4.3	1.1
Lease liabilities (non-current)	2.5	2.9	2.5	0.0	-
Total Long Term Debt	53.7	31.0	32.5	29.4	13.8

Accrued Directors Severance Benefit	-	1.4	1.3	4.5	3.8
Deferred Tax	21.3	15.9	5.4	17.8	36.5
Res.Accrd.Retir.	32.4	29.5	28.6	21.3	16.4
Allow.Dir.Retir.	1.9	1.6	1.8	1.5	1.3
Reserve for Environment Safety Prep.	0.8	3.0	3.3	3.3	2.6
Asset retirement obligations	1.4	0.0	-	-	-
Other LT Liab.	6.3	5.0	4.8	5.2	3.0
Minority Interest	19.9	16.1	15.0	16.6	13.4
Total Liabilities	437.8	349.3	412.7	484.6	410.2

Common Stock	69.4	61.6	58.2	57.8	48.7
Paid-in-Capital	75.6	66.9	63.3	62.8	52.9
RetainedEarnings	644.8	553.0	524.6	494.9	381.0
TreasuryStock	-15.7	-12.3	-11.5	-11.4	-8.6
UnrlzedGain-Sec.	25.1	33.7	15.0	43.6	77.2
Deferred gains or losses on hedges	0.0	0.0	-	-	-
Translation Adj.	-30.4	-15.8	-20.3	-2.4	-3.7
Total Equity	768.9	687.0	629.3	645.3	547.6

Total Liabilities & Shareholders' Equity	1,206.8	1,036.3	1,041.9	1,129.8	957.7

S/O-Common Stock	54.3	54.5	54.5	54.5	54.6
Total Common Shares Outstanding	54.3	54.5	54.5	54.5	54.6
T/S-Common Stock	2.3	2.1	2.1	2.0	1.9
Deferred Revenue-Current	29.2	45.7	75.0	56.4	44.7
Full-Time Employees	3,521	3,484	3,621	3,473	3,343
Number of Common Shareholders	5,017	5,631	5,924	4,788	4,422
LT Debts Maturing within 1yr.	2.1	3.5	0.7	15.9	5.2
LT Debts Maturing within 2yr.	33.0	0.2	3.3	0.6	13.3
LT Debts Maturing within 3yr.	5.2	26.9	0.2	3.4	0.4
LT Debts Maturing within 4yr.	5.2	1.1	25.4	0.2	0.1
LT Debts Maturing within 5yr.	3.5	0.0	1.0	25.2	-
Remaining	4.3	0.0	0.0	0.0	0.0
Total Long Term Debt, Supplemental	53.2	31.6	30.6	45.3	19.0
Lease Maturing within 1yr.	1.6	1.2	0.8	-	-
Lease Maturing within 2yr.	1.4	1.2	0.8	-	-
Lease Maturing within 3yr.	0.8	1.0	0.8	-	-
Lease Maturing within 4yr.	0.3	0.6	0.7	-	-
Lease Maturing within 5yr.	0.1	0.1	0.3	-	-
Capital Leases - Remaining Maturities	0.0	0.0	-	-	-
Total Capital Leases	4.1	4.1	3.3	-	-
Pension Obligation	115.3	105.5	92.5	84.3	70.4
Fair Value of Plan Asset	67.1	56.2	43.2	49.6	46.6
Funded Status	-48.1	-49.3	-49.3	-34.7	-23.8
Total Funded Status	-48.1	-49.3	-49.3	-34.7	-23.8
Discount Rate	1.80%	1.80%	2.00%	2.00%	2.00%
Expected Rate of Return	2.00%	2.00%	2.00%	2.00%	2.00%
Unrecognized Prior Service Costs	2.8	2.9	3.1	3.5	3.3
Unrecognized Actuarial Gains and Losses	13.0	16.9	17.6	9.9	4.2
Reserve for Accrued Retirement Benefits	-32.4	-29.5	-28.6	-21.3	-16.4
Net Assets Recognized on Balance Sheet	-16.6	-9.7	-7.9	-7.9	-8.9

Annual Cash Flows

Financials in: USD (mil)

	31-Mar-2011	31-Mar-2010	31-Mar-2009	31-Mar-2008	31-Mar-2007
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Mar-2011	Updated Normal 31-Mar-2010	Updated Normal 31-Mar-2009	Updated Normal 31-Mar-2008	Updated Normal 31-Mar-2007
Filed Currency	JPY	JPY	JPY	JPY	JPY
Exchange Rate (Period Average)	85.691434	92.941082	100.484331	114.302336	116.944303
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Tohmatsu & Co.
Auditor Opinion	Unqualified	Unqualified with Explanation	Unqualified	Unqualified	Unqualified

Net Income bf. Tax	46.4	16.5	57.6	77.3	81.6
Depreciation	21.1	20.9	20.5	17.6	13.9
Loss Impairment Assets	0.2	0.2	1.2	4.5	0.0
Amort. Goodwill	0.8	0.0	0.0	0.0	0.2
Loss (gain) on change in equity	-0.1	0.0	-	-	-
Allow. Bonus	0.3	-1.5	-3.8	1.6	1.4
Allow. Dir's Bonus	0.9	-0.4	0.3	0.2	0.7
Reserve for contruct losses	0.0	-0.1	-0.6	0.4	-0.5
Reserve for plant warrant	0.5	1.2	0.0	-	-
Reserve for removal of building	-	-	-	0.0	-0.6
Allow.Doubt.Acct.	1.1	0.0	-0.2	-0.1	-1.0
Res.Accrd.Retir.	-0.5	-0.8	7.0	1.7	-1.4
Allow.Dir.Retir.Bon.	0.1	-0.3	0.2	0.0	-2.9
Accrued Directors'' retire	-0.8	0.0	-	-	-
Accrued Directors Severance Benefit	-	0.0	-3.1	-0.1	-0.2
Reserve for Environment Safety	-1.2	-0.5	-0.1	0.2	-0.4
Inter.&Div. Income	-5.0	-3.3	-6.1	-5.0	-3.9
Interest Expense	1.1	1.2	1.5	1.4	1.4
Exchange Gain/Loss	0.2	0.0	-0.2	0.0	0.0
Inv.Income-Equity	-1.8	-2.0	-1.9	-2.0	-3.3
Sale/Disp/Val.PP&E	0.1	0.7	0.9	-0.5	-2.1
Sale/Val. Inv. Sec.	6.3	1.9	18.8	1.6	-3.0
G/L on sale of affiliated securities	-	0.0	0.3	0.0	-
Sales G/L-Memberships	-	-	0.0	0.0	-0.1
Val. Loss-Memberships	0.1	0.5	0.0	0.1	0.1
Acct. Receivables	-16.9	83.4	54.8	-15.0	-20.6
Inventories	18.8	29.2	-8.0	-6.5	-11.7
Acct. Payables	32.3	-42.4	-40.1	0.0	8.4
Sales Tax Payables	1.0	-2.2	0.8	0.0	0.3
(Inc) Dec sales tax receivables	3.1	0.0	-	-	-
Dir. Bonus	-	-	0.0	0.0	-0.4
Dir.Bonus-Minor.Int.	-	-	0.0	0.0	0.0
Advances received	-16.8	-36.0	24.1	1.2	11.5
Other	7.7	-0.3	-8.5	-4.0	1.1
Inter.&Div. Received	5.4	3.6	6.2	5.5	4.1
Interest Paid	-1.1	-1.2	-1.4	-1.3	-1.4
Tax Paid	-7.4	-12.2	-38.0	-35.8	-20.6
Income taxes refund, cash basis	1.5	7.3	0.0	-	-
Adjustment	-	0.0	0.0	0.0	-
Cash from Operating Activities	97.4	63.3	82.3	43.0	50.7

Time Deposit Made	-35.6	-16.9	-23.5	-0.3	-2.8
Time Deposit Matured	19.2	12.8	24.6	2.2	0.0
Purch.Marktb.Sec.	-1.2	0.0	0.0	0.0	0.0
Sale Marktb.Sec.	1.5	1.8	1.3	4.4	5.1
Capital Expenditures	-30.1	-26.6	-35.5	-20.9	-29.5
Sale PP&E	0.5	0.9	3.6	2.0	4.6
Purch. Inv. Sec.	-15.0	-8.1	-14.1	-17.8	-20.3
Sale Inv. Sec.	3.2	4.5	10.4	11.3	10.7
Purch.Subsid.Stock	-	-	-	-	0.0
Purchase of Treasury Stock of Subsidiary	-	-	-	-	0.0
Loan Made	-0.1	-1.5	0.0	-2.3	0.0
Loan Collected	0.5	0.1	0.3	0.6	0.5
Purch.Subsid.Stock-conso.	-5.3	0.0	-	-	-
Proceeds from liquidation of subsidiarie	0.2	0.0	-	-	-
Purch. Intangible	-2.8	-4.1	-2.6	-0.5	-0.5
Purchase of businesses	-	0.0	-1.5	0.0	-
Sale Other Inv.Asset	1.0	0.1	0.1	-0.1	1.1
Cash from Investing Activities	-63.9	-36.9	-37.0	-21.4	-31.1

ST Debt, Net	1.2	-8.9	5.9	-6.4	-7.2
Repayment of finance lease	-1.3	-1.0	-0.4	0.0	-
LT Debt Proceed	14.8	0.0	0.0	3.5	0.1
LT Debt Paid	-4.0	-0.7	-0.8	-5.6	-1.2
Bond Issued	6.0	0.0	1.0	21.9	0.0
Bond Redeemed	-	0.0	-14.9	0.0	-17.1
Proceeds from stock issuance to minority	0.0	0.3	0.0	-	-
Purchase of treasury stock of subsidiari	0.0	0.0	-	-	-
Sale-Treasury Stock	0.7	0.0	-	0.0	1.0
Purch.Treasury Stock	-2.9	-0.1	0.0	-1.1	-1.7
Dividend Paid	-6.3	-7.6	-8.1	-6.4	-5.6
Dividend Paid MI	-0.8	-0.8	-1.0	-0.7	-0.5
Cash from Financing Activities	7.4	-18.8	-18.5	5.1	-32.1

Foreign Exchange Effects	-8.3	2.4	-7.5	1.4	2.0
Net Change in Cash	32.6	10.0	19.2	28.0	-10.5

Net Cash - Beginning Balance	254.2	224.3	188.3	137.5	144.9
Net Cash - Ending Balance	286.8	234.4	207.5	165.5	134.4
Cash Interest Paid	1.1	1.2	1.4	1.3	1.4
Cash Taxes Paid	5.9	4.9	38.0	35.8	20.6

Financial Health

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

Key Indicators USD (mil)
	Quarter Ending 30-Sep-2011	Quarter Ending Yr Ago	Annual Year End 31-Mar-2011	1 Year Growth	3 Year Growth	5 Year Growth
Total Revenue1 (?)	257.5	23.79%	868.7	9.03%	-11.48%	-3.44%
Research & Development1 (?)	-	-	16.4	-0.43%	2.57%	-
Operating Income1 (?)	12.7	143.95%	45.5	302.06%	-21.36%	-6.92%
Income Available to Common Excl Extraord Items1 (?)	7.9	68.68%	27.0	306.85%	-22.72%	-10.84%
Basic EPS Excl Extraord Items1 (?)	0.15	69.25%	0.50	307.39%	-22.65%	-10.68%
Capital Expenditures2 (?)	28.1	-	32.8	-1.30%	4.70%	3.81%
Cash from Operating Activities2 (?)	-19.0	-	97.4	41.86%	19.34%	5.42%
Free Cash Flow (?)	-48.6	-	66.8	82.43%	31.04%	6.30%
Total Assets3 (?)	1,313.1	8.31%	1,206.8	3.28%	-3.83%	-1.65%
Total Liabilities3 (?)	481.8	17.67%	437.8	11.18%	-9.05%	-5.52%
Total Long Term Debt3 (?)	54.4	22.77%	53.7	53.52%	14.98%	14.62%
Employees3 (?)	-	-	3521	1.06%	0.46%	1.55%
Total Common Shares Outstanding3 (?)	54.3	-0.34%	54.3	-0.34%	-0.13%	-0.15%
1-ExchangeRate: JPY to USD Average for Period	77.752043		85.691434
2-ExchangeRate: JPY to USD Average for Period	79.672811		85.691434
3-ExchangeRate: JPY to USD Period End Date	77.080000		82.880000

Key Ratios
	31-Mar-2011	31-Mar-2010	31-Mar-2009	31-Mar-2008	31-Mar-2007
Profitability
Gross Margin (?)	29.51%	26.88%	27.08%	26.34%	27.58%
Operating Margin (?)	5.24%	1.42%	5.18%	7.47%	8.33%
Pretax Margin (?)	5.36%	2.26%	5.97%	8.24%	9.94%
Net Profit Margin (?)	3.11%	0.83%	3.43%	4.67%	6.12%
Financial Strength
Current Ratio (?)	2.45	2.51	2.13	1.85	1.74
Long Term Debt/Equity (?)	0.07	0.05	0.05	0.05	0.03
Total Debt/Equity (?)	0.11	0.09	0.10	0.11	0.09
Management Effectiveness
Return on Assets (?)	2.62%	0.61%	3.20%	4.61%	5.50%
Return on Equity (?)	3.62%	0.90%	5.27%	7.78%	9.39%
Efficiency
Receivables Turnover (?)	3.19	2.59	2.91	3.00	2.86
Inventory Turnover (?)	5.98	4.57	5.80	6.70	6.59
Asset Turnover (?)	0.76	0.68	0.90	0.95	0.87

Market Valuation USD (mil)
P/E (TTM) (?)	11.79	.	Enterprise Value2 (?)	306.1
Price/Sales (TTM) (?)	0.45	.	Enterprise Value/Revenue (TTM) (?)	0.29
Price/Book (MRQ) (?)	0.55	.	Enterprise Value/EBITDA (TTM) (?)	3.34
Market Cap as of 25-Nov-20111 (?)	475.4	.
1-ExchangeRate: JPY to USD on 25-Nov-2011	77.680000
2-ExchangeRate: JPY to USD on 30-Sep-2011	77.080000

ANNUAL RATIOS

Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)

	31-Mar-2011	31-Mar-2010	31-Mar-2009	31-Mar-2008	31-Mar-2007
Financial Strength
Current Ratio (?)	2.45	2.51	2.13	1.85	1.74
Quick/Acid Test Ratio (?)	2.04	1.99	1.63	1.47	1.38
Working Capital1 (?)	436.7	372.1	360.3	328.0	235.6
Long Term Debt/Equity (?)	0.07	0.05	0.05	0.05	0.03
Total Debt/Equity (?)	0.11	0.09	0.10	0.11	0.09
Long Term Debt/Total Capital (?)	0.06	0.04	0.05	0.04	0.02
Total Debt/Total Capital (?)	0.10	0.08	0.09	0.10	0.08
Payout Ratio (?)	28.21%	95.78%	26.20%	15.23%	12.08%
Effective Tax Rate (?)	35.24%	60.49%	40.68%	41.20%	36.10%
Total Capital1 (?)	852.7	745.8	692.4	716.6	594.7

Efficiency
Asset Turnover (?)	0.76	0.68	0.90	0.95	0.87
Inventory Turnover (?)	5.98	4.57	5.80	6.70	6.59
Days In Inventory (?)	61.02	79.95	62.89	54.44	55.37
Receivables Turnover (?)	3.19	2.59	2.91	3.00	2.86
Days Receivables Outstanding (?)	114.48	140.94	125.34	121.58	127.46
Revenue/Employee2 (?)	255,078	209,707	271,676	310,453	243,387
Operating Income/Employee2 (?)	13,364	2,980	14,081	23,195	20,272
EBITDA/Employee2 (?)	19,567	8,948	19,849	29,024	24,394

Profitability
Gross Margin (?)	29.51%	26.88%	27.08%	26.34%	27.58%
Operating Margin (?)	5.24%	1.42%	5.18%	7.47%	8.33%
EBITDA Margin (?)	7.67%	4.27%	7.31%	9.35%	10.02%
EBIT Margin (?)	5.24%	1.42%	5.18%	7.47%	8.33%
Pretax Margin (?)	5.36%	2.26%	5.97%	8.24%	9.94%
Net Profit Margin (?)	3.11%	0.83%	3.43%	4.67%	6.12%
R&D Expense/Revenue (?)	1.89%	2.07%	1.58%	1.21%	1.39%
COGS/Revenue (?)	70.49%	73.12%	72.92%	73.66%	72.42%
SG&A Expense/Revenue (?)	21.31%	22.53%	17.80%	16.53%	16.90%

Management Effectiveness
Return on Assets (?)	2.62%	0.61%	3.20%	4.61%	5.50%
Return on Equity (?)	3.62%	0.90%	5.27%	7.78%	9.39%

Valuation
Free Cash Flow/Share2 (?)	1.23	0.60	0.82	0.45	0.37
Operating Cash Flow/Share 2 (?)	1.85	1.16	1.54	0.91	0.92
1-ExchangeRate: JPY to USD Period End Date	82.88	93.44	98.77	99.535	118.075
2-ExchangeRate: JPY to USD Average for Period	82.88	93.44	98.77	99.535	118.075

Current Market Multiples
Market Cap/Earnings (TTM) (?)	12.28
Market Cap/Equity (MRQ) (?)	0.58
Market Cap/Revenue (TTM) (?)	0.45
Market Cap/EBIT (TTM) (?)	7.16
Market Cap/EBITDA (TTM) (?)	5.23
Enterprise Value/Earnings (TTM) (?)	7.85
Enterprise Value/Equity (MRQ) (?)	0.37
Enterprise Value/Revenue (TTM) (?)	0.29
Enterprise Value/EBIT (TTM) (?)	4.57
Enterprise Value/EBITDA (TTM) (?)	3.34

ANNUAL INCOME STATEMENT

Standardized

Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)

Financial Glossary

	31-Mar-2011	31-Mar-2010	31-Mar-2009	31-Mar-2008	31-Mar-2007
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Mar-2011	Updated Normal 31-Mar-2010	Updated Normal 31-Mar-2009	Updated Normal 31-Mar-2008	Updated Normal 31-Mar-2007
Filed Currency	JPY	JPY	JPY	JPY	JPY
Exchange Rate (Period Average)	85.691434	92.941082	100.484331	114.302336	116.944303
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Tohmatsu & Co.
Auditor Opinion	Unqualified	Unqualified with Explanation	Unqualified	Unqualified	Unqualified

Net Sales	868.7	734.5	967.0	938.9	821.5
Revenue	868.7	734.5	967.0	938.9	821.5
Total Revenue	868.7	734.5	967.0	938.9	821.5

Cost of Revenue	612.3	537.1	705.1	691.6	594.9
Cost of Revenue, Total	612.3	537.1	705.1	691.6	594.9
Gross Profit	256.4	197.4	261.8	247.3	226.6

Selling/General/Administrative Expense	77.7	65.2	70.3	62.7	58.0
Labor & Related Expense	104.6	98.1	98.8	89.3	78.9
Advertising Expense	2.8	2.2	3.1	3.2	1.9
Total Selling/General/Administrative Expenses	185.1	165.5	172.2	155.2	138.8
Research & Development	16.4	15.2	15.2	11.4	11.4
Depreciation	4.8	4.2	4.6	3.6	3.3
Amortization of Acquisition Costs	0.8	0.0	0.0	0.0	0.2
Depreciation/Amortization	5.6	4.2	4.6	3.6	3.5
Litigation	-	-	-	0.0	-0.1
Impairment-Assets Held for Use	0.3	0.6	2.4	5.1	0.4
Impairment-Assets Held for Sale	2.8	1.4	17.3	1.3	0.0
Other Unusual Expense (Income)	0.5	0.2	0.0	0.6	4.2
Unusual Expense (Income)	3.7	2.1	19.7	7.0	4.5
Total Operating Expense	823.2	724.1	916.8	868.8	753.1

Operating Income	45.5	10.4	50.1	70.1	68.4

Interest Expense - Non-Operating	-1.1	-1.2	-1.5	-1.4	-1.4
Interest Expense, Net Non-Operating	-1.1	-1.2	-1.5	-1.4	-1.4
Interest Income - Non-Operating	2.5	1.2	2.3	2.0	1.4
Investment Income - Non-Operating	-0.3	3.5	4.0	5.8	10.6
Interest/Investment Income - Non-Operating	2.3	4.8	6.3	7.8	11.9
Interest Income (Expense) - Net Non-Operating Total	1.2	3.6	4.9	6.4	10.5
Gain (Loss) on Sale of Assets	0.1	-0.3	0.2	1.0	2.5
Other Non-Operating Income (Expense)	-0.2	2.9	2.6	-0.2	0.2
Other, Net	-0.2	2.9	2.6	-0.2	0.2
Income Before Tax	46.5	16.6	57.7	77.4	81.6

Total Income Tax	16.4	10.0	23.5	31.9	29.5
Income After Tax	30.1	6.6	34.3	45.5	52.2

Minority Interest	-3.0	-0.3	-1.0	-1.5	-1.9
Net Income Before Extraord Items	27.1	6.2	33.2	44.0	50.3
Net Income	27.1	6.2	33.2	44.0	50.3

Miscellaneous Earnings Adjustment	-0.1	-0.1	-0.1	-0.1	0.0
Total Adjustments to Net Income	-0.1	-0.1	-0.1	-0.1	0.0
Income Available to Common Excl Extraord Items	27.0	6.1	33.1	43.9	50.3

Income Available to Common Incl Extraord Items	27.0	6.1	33.1	43.9	50.3

Basic/Primary Weighted Average Shares	54.4	54.5	54.5	54.6	54.6
Basic EPS Excl Extraord Items	0.50	0.11	0.61	0.80	0.92
Basic/Primary EPS Incl Extraord Items	0.50	0.11	0.61	0.80	0.92
Dilution Adjustment	0.0	0.0	0.0	0.0	0.0
Diluted Net Income	27.0	6.1	33.1	43.9	50.3
Diluted Weighted Average Shares	54.4	54.5	54.5	54.6	54.6
Diluted EPS Excl Extraord Items	0.50	0.11	0.61	0.80	0.92
Diluted EPS Incl Extraord Items	0.50	0.11	0.61	0.80	0.92
Dividends per Share - Common Stock Primary Issue	0.14	0.11	0.16	0.12	0.11
Gross Dividends - Common Stock	7.6	5.9	8.7	6.7	6.1
Interest Expense, Supplemental	1.1	1.2	1.5	1.4	1.4
Depreciation, Supplemental	21.1	20.9	20.5	17.6	13.9
Total Special Items	4.4	2.5	19.5	5.9	2.1
Normalized Income Before Tax	50.9	19.1	77.2	83.3	83.8

Effect of Special Items on Income Taxes	1.3	0.9	7.9	2.5	0.7
Inc Tax Ex Impact of Sp Items	17.7	10.9	31.4	34.4	30.2
Normalized Income After Tax	33.2	8.2	45.8	49.0	53.6

Normalized Inc. Avail to Com.	30.1	7.7	44.7	47.3	51.7

Basic Normalized EPS	0.55	0.14	0.82	0.87	0.95
Diluted Normalized EPS	0.55	0.14	0.82	0.87	0.95
Amort of Acquisition Costs, Supplemental	0.8	0.0	0.0	-0.1	0.1
Rental Expenses	7.3	7.0	6.8	4.8	4.4
Advertising Expense, Supplemental	2.8	2.2	3.1	3.2	1.9
Research & Development Exp, Supplemental	16.8	15.7	16.3	12.3	12.3
Reported Operating Profit	49.1	12.4	70.3	77.0	72.8
Reported Ordinary Profit	50.2	17.7	77.7	83.3	82.4
Normalized EBIT	49.2	12.6	69.8	77.2	72.9
Normalized EBITDA	71.1	33.5	90.3	94.7	86.9
Interest Cost - Domestic	1.8	1.7	1.4	1.3	1.1
Service Cost - Domestic	7.9	4.4	11.2	5.6	4.2
Prior Service Cost - Domestic	0.5	0.4	0.4	0.3	0.7
Expected Return on Assets - Domestic	-1.1	-0.8	-0.8	-0.9	-0.8
Actuarial Gains and Losses - Domestic	3.2	3.3	1.9	1.1	1.2
Domestic Pension Plan Expense	12.2	9.0	14.0	7.4	6.4
Defined Contribution Expense - Domestic	1.6	1.5	1.3	1.1	0.0
Total Pension Expense	13.8	10.5	15.4	8.5	6.4
Discount Rate - Domestic	1.80%	1.80%	2.00%	2.00%	2.00%
Expected Rate of Return - Domestic	2.00%	2.00%	2.00%	2.00%	2.00%
Total Plan Interest Cost	1.8	1.7	1.4	1.3	1.1
Total Plan Service Cost	7.9	4.4	11.2	5.6	4.2
Total Plan Expected Return	-1.1	-0.8	-0.8	-0.9	-0.8

INTERIM INCOME STATEMENT

STANDARDIZED

Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)

Financial Glossary

	30-Sep-2011	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010
Period Length	3 Months	3 Months	3 Months	3 Months	3 Months
UpdateType/Date	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010
Filed Currency	JPY	JPY	JPY	JPY	JPY
Exchange Rate (Period Average)	77.752043	81.605269	82.241044	82.567473	85.838925

Net Sales	257.5	243.3	280.3	225.5	188.4
Revenue	257.5	243.3	280.3	225.5	188.4
Total Revenue	257.5	243.3	280.3	225.5	188.4

Cost of Revenue	182.3	172.8	189.0	159.1	135.5
Cost of Revenue, Total	182.3	172.8	189.0	159.1	135.5
Gross Profit	75.2	70.4	91.3	66.4	52.9

Selling/General/Administrative Expense	62.0	57.4	30.7	31.3	25.4
Labor & Related Expense	-	-	28.6	24.4	22.2
Total Selling/General/Administrative Expenses	62.0	57.4	59.3	55.7	47.6
Amortization of Acquisition Costs	0.0	0.0	0.0	0.0	-
Depreciation/Amortization	0.0	0.0	0.0	0.0	-
Impairment-Assets Held for Use	0.0	0.3	0.1	-	0.1
Impairment-Assets Held for Sale	0.1	1.1	0.8	1.8	0.4
Other Unusual Expense (Income)	0.4	0.0	0.8	-	0.1
Unusual Expense (Income)	0.5	1.4	1.7	1.8	0.5
Total Operating Expense	244.8	231.6	250.0	216.6	183.7

Operating Income	12.7	11.7	30.3	8.8	4.7

Interest Expense - Non-Operating	-0.4	-0.3	-0.3	-0.3	-0.3
Interest Expense, Net Non-Operating	-0.4	-0.3	-0.3	-0.3	-0.3
Interest Income - Non-Operating	0.7	0.9	0.8	0.8	0.6
Investment Income - Non-Operating	0.9	3.4	-2.7	1.1	-0.1
Interest/Investment Income - Non-Operating	1.6	4.3	-1.9	1.8	0.6
Interest Income (Expense) - Net Non-Operating Total	1.2	4.0	-2.2	1.5	0.3
Gain (Loss) on Sale of Assets	0.0	0.1	0.0	0.0	-
Other Non-Operating Income (Expense)	-0.9	0.5	-0.5	0.1	0.3
Other, Net	-0.9	0.5	-0.5	0.1	0.3
Income Before Tax	13.0	16.2	27.6	10.5	5.3

Total Income Tax	4.7	7.0	9.3	5.7	0.7
Income After Tax	8.3	9.2	18.3	4.7	4.6

Minority Interest	-0.4	-0.9	-1.7	-0.5	-0.4
Net Income Before Extraord Items	7.9	8.4	16.6	4.3	4.3
Net Income	7.9	8.4	16.6	4.3	4.3

Miscellaneous Earnings Adjustment	0.0	0.0	-0.1	0.0	0.0
Total Adjustments to Net Income	0.0	0.0	-0.1	0.0	0.0
Income Available to Common Excl Extraord Items	7.9	8.3	16.6	4.2	4.2

Income Available to Common Incl Extraord Items	7.9	8.3	16.6	4.2	4.2

Basic/Primary Weighted Average Shares	54.3	54.3	54.3	54.5	54.5
Basic EPS Excl Extraord Items	0.15	0.15	0.31	0.08	0.08
Basic/Primary EPS Incl Extraord Items	0.15	0.15	0.31	0.08	0.08
Dilution Adjustment	0.0	0.0	0.0	0.0	0.0
Diluted Net Income	7.9	8.3	16.6	4.2	4.2
Diluted Weighted Average Shares	54.3	54.3	54.3	54.5	54.5
Diluted EPS Excl Extraord Items	0.15	0.15	0.31	0.08	0.08
Diluted EPS Incl Extraord Items	0.15	0.15	0.31	0.08	0.08
Dividends per Share - Common Stock Primary Issue	0.08	0.00	0.09	0.00	0.06
Gross Dividends - Common Stock	4.2	0.0	4.6	0.0	3.2
Interest Expense, Supplemental	0.4	0.3	0.3	0.3	0.3
Depreciation, Supplemental	5.8	5.4	5.6	5.7	5.1
Total Special Items	0.4	1.5	1.6	2.7	0.5
Normalized Income Before Tax	13.5	17.7	29.3	13.1	5.8

Effect of Special Items on Income Taxes	0.2	0.6	0.6	1.0	0.1
Inc Tax Ex Impact of Sp Items	4.9	7.5	9.9	6.8	0.7
Normalized Income After Tax	8.6	10.2	19.4	6.4	5.1

Normalized Inc. Avail to Com.	8.2	9.3	17.7	5.9	4.7

Basic Normalized EPS	0.15	0.17	0.33	0.11	0.09
Diluted Normalized EPS	0.15	0.17	0.33	0.11	0.09
Amort of Acquisition Costs, Supplemental	0.0	0.2	0.0	0.8	0.0
Reported Operating Profit	13.2	13.1	31.8	10.7	5.2
Reported Ordinary Profit	13.5	17.5	29.1	12.3	5.7
Normalized EBIT	13.2	13.1	32.0	10.7	5.2
Normalized EBITDA	18.9	18.6	37.5	17.2	10.4

ANNUAL BALANCE SHEET

STANDARDIZED

Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)

Financial Glossary

	31-Mar-2011	31-Mar-2010	31-Mar-2009	31-Mar-2008	31-Mar-2007
UpdateType/Date	Updated Normal 31-Mar-2011	Updated Normal 31-Mar-2010	Updated Normal 31-Mar-2009	Updated Normal 31-Mar-2008	Updated Normal 31-Mar-2007
Filed Currency	JPY	JPY	JPY	JPY	JPY
Exchange Rate	82.88	93.44	98.77	99.535	118.075
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Tohmatsu & Co.
Auditor Opinion	Unqualified	Unqualified with Explanation	Unqualified	Unqualified	Unqualified

Cash & Equivalents	235.3	167.9	163.5	117.2	102.6
Short Term Investments	87.1	78.6	53.5	79.1	42.4
Cash and Short Term Investments	322.4	246.5	217.0	196.3	145.0
Accounts Receivable - Trade, Gross	293.2	243.8	306.4	369.9	296.9
Provision for Doubtful Accounts	-2.6	-1.8	-1.6	-1.9	-1.6
Trade Accounts Receivable - Net	290.5	242.0	304.8	368.0	295.3
Total Receivables, Net	290.5	242.0	304.8	368.0	295.3
Inventories - Finished Goods	17.5	14.4	16.7	16.0	-
Inventories - Work In Progress	48.3	61.3	76.0	79.8	-
Inventories - Raw Materials	28.9	28.1	30.5	27.2	-
Total Inventory	94.7	103.7	123.3	123.0	96.0
Deferred Income Tax - Current Asset	16.6	12.5	12.1	14.5	12.3
Other Current Assets	12.6	13.3	23.2	11.2	6.3
Other Current Assets, Total	29.2	25.7	35.4	25.7	18.6
Total Current Assets	736.9	618.0	680.5	712.9	554.9

Buildings	210.2	191.2	163.7	168.4	135.6
Land/Improvements	63.9	53.3	48.8	46.6	38.6
Machinery/Equipment	222.7	200.6	188.0	194.8	162.0
Construction in Progress	16.8	2.0	5.4	1.6	1.2
Leases	3.7	2.5	1.0	-	-
Other Property/Plant/Equipment	41.2	38.1	34.9	37.3	30.3
Property/Plant/Equipment - Gross	558.6	487.6	441.8	448.6	367.6
Accumulated Depreciation	-344.2	-302.1	-272.1	-283.4	-230.7
Property/Plant/Equipment - Net	214.4	185.6	169.7	165.2	136.8
Goodwill, Net	0.6	-	-	-	0.0
Intangibles, Net	12.8	11.8	8.6	5.4	5.7
LT Investments - Other	200.0	185.8	148.4	211.3	233.6
Long Term Investments	200.0	185.8	148.4	211.3	233.6
Note Receivable - Long Term	2.8	3.5	2.3	2.2	0.2
Deferred Income Tax - Long Term Asset	7.4	7.0	5.6	5.2	3.3
Restricted Cash - Long Term	22.0	0.0	-	-	-
Other Long Term Assets	9.9	24.7	26.8	27.7	23.2
Other Long Term Assets, Total	39.3	31.7	32.4	32.9	26.6
Total Assets	1,206.8	1,036.4	1,042.0	1,129.8	957.7

Accounts Payable	166.4	120.3	152.8	202.0	167.7
Accrued Expenses	23.2	18.8	21.2	24.2	18.6
Notes Payable/Short Term Debt	26.4	26.5	29.3	26.0	33.4
Current Portion - Long Term Debt/Capital Leases	3.7	1.2	1.4	15.9	0.0
Customer Advances	29.2	45.7	75.0	56.4	44.7
Income Taxes Payable	10.1	3.2	5.9	20.0	19.8
Other Current Liabilities	41.1	30.2	34.6	40.5	35.2
Other Current liabilities, Total	80.5	79.0	115.4	116.8	99.7
Total Current Liabilities	300.2	245.9	320.1	384.9	319.3

Long Term Debt	51.2	28.1	29.9	29.4	13.8
Capital Lease Obligations	2.5	2.9	2.5	0.0	-
Total Long Term Debt	53.7	31.0	32.5	29.4	13.8
Total Debt	83.7	58.7	63.2	71.3	47.2

Deferred Income Tax - LT Liability	21.3	15.9	5.4	17.8	36.5
Deferred Income Tax	21.3	15.9	5.4	17.8	36.5
Minority Interest	19.9	16.1	15.0	16.6	13.4
Reserves	0.8	3.0	3.3	3.3	2.6
Pension Benefits - Underfunded	34.2	32.4	31.7	27.3	21.4
Other Long Term Liabilities	7.7	5.0	4.8	5.2	3.0
Other Liabilities, Total	42.7	40.4	39.8	35.8	27.1
Total Liabilities	437.8	349.3	412.7	484.6	410.2

Common Stock	69.4	61.6	58.2	57.8	48.7
Common Stock	69.4	61.6	58.2	57.8	48.7
Additional Paid-In Capital	75.6	66.9	63.3	62.8	52.9
Retained Earnings (Accumulated Deficit)	644.8	553.0	524.6	494.9	381.0
Treasury Stock - Common	-15.7	-12.3	-11.5	-11.4	-8.6
Unrealized Gain (Loss)	25.2	33.7	15.0	43.6	77.2
Translation Adjustment	-30.4	-15.8	-20.3	-2.4	-3.7
Other Equity, Total	-30.4	-15.8	-20.3	-2.4	-3.7
Total Equity	768.9	687.0	629.3	645.3	547.6

Total Liabilities & Shareholders’ Equity	1,206.8	1,036.3	1,041.9	1,129.8	957.7

Shares Outstanding - Common Stock Primary Issue	54.3	54.5	54.5	54.5	54.6
Total Common Shares Outstanding	54.3	54.5	54.5	54.5	54.6
Treasury Shares - Common Stock Primary Issue	2.3	2.1	2.1	2.0	1.9
Employees	3,521	3,484	3,621	3,473	3,343
Number of Common Shareholders	5,017	5,631	5,924	4,788	4,422
Deferred Revenue - Current	29.2	45.7	75.0	56.4	44.7
Total Long Term Debt, Supplemental	53.2	31.6	30.6	45.3	19.0
Long Term Debt Maturing within 1 Year	2.1	3.5	0.7	15.9	5.2
Long Term Debt Maturing in Year 2	33.0	0.2	3.3	0.6	13.3
Long Term Debt Maturing in Year 3	5.2	26.9	0.2	3.4	0.4
Long Term Debt Maturing in Year 4	5.2	1.1	25.4	0.2	0.1
Long Term Debt Maturing in Year 5	3.5	0.0	1.0	25.2	-
Long Term Debt Maturing in 2-3 Years	38.2	27.1	3.5	4.0	13.7
Long Term Debt Maturing in 4-5 Years	8.7	1.1	26.4	25.4	0.1
Long Term Debt Matur. in Year 6 & Beyond	4.3	0.0	0.0	0.0	0.0
Total Capital Leases, Supplemental	4.1	4.1	3.3	-	-
Capital Lease Payments Due in Year 1	1.6	1.2	0.8	-	-
Capital Lease Payments Due in Year 2	1.4	1.2	0.8	-	-
Capital Lease Payments Due in Year 3	0.8	1.0	0.8	-	-
Capital Lease Payments Due in Year 4	0.3	0.6	0.7	-	-
Capital Lease Payments Due in Year 5	0.1	0.1	0.3	-	-
Capital Lease Payments Due in 2-3 Years	2.2	2.2	1.6	-	-
Capital Lease Payments Due in 4-5 Years	0.3	0.7	0.9	-	-
Cap. Lease Pymts. Due in Year 6 & Beyond	0.0	0.0	-	-	-
Pension Obligation - Domestic	115.3	105.5	92.5	84.3	70.4
Plan Assets - Domestic	67.1	56.2	43.2	49.6	46.6
Funded Status - Domestic	-48.1	-49.3	-49.3	-34.7	-23.8
Total Funded Status	-48.1	-49.3	-49.3	-34.7	-23.8
Discount Rate - Domestic	1.80%	1.80%	2.00%	2.00%	2.00%
Expected Rate of Return - Domestic	2.00%	2.00%	2.00%	2.00%	2.00%
Accrued Liabilities - Domestic	-32.4	-29.5	-28.6	-21.3	-16.4
Other Assets, Net - Domestic	15.8	19.8	20.7	13.4	7.4
Net Assets Recognized on Balance Sheet	-16.6	-9.7	-7.9	-7.9	-8.9
Total Plan Obligations	115.3	105.5	92.5	84.3	70.4
Total Plan Assets	67.1	56.2	43.2	49.6	46.6

Interim Balance Sheet

Standardized

Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)

Financial Glossary

	30-Sep-2011	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010
UpdateType/Date	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010
Filed Currency	JPY	JPY	JPY	JPY	JPY
Exchange Rate	77.08	80.76	82.88	81.105	83.54

Cash & Equivalents	224.5	231.4	235.3	195.4	214.6
Short Term Investments	59.9	78.2	87.1	91.9	88.5
Cash and Short Term Investments	284.4	309.6	322.4	287.3	303.1
Accounts Receivable - Trade, Gross	350.4	321.3	293.2	286.5	250.2
Provision for Doubtful Accounts	-3.1	-2.8	-2.6	-3.2	-2.3
Trade Accounts Receivable - Net	347.3	318.5	290.5	283.2	247.9
Total Receivables, Net	347.3	318.5	290.5	283.2	247.9
Inventories - Finished Goods	21.5	19.7	17.5	16.0	14.7
Inventories - Work In Progress	61.0	53.9	48.3	69.2	54.4
Inventories - Raw Materials	36.1	34.2	28.9	32.2	30.2
Total Inventory	118.6	107.7	94.7	117.4	99.3
Other Current Assets	33.9	29.6	29.2	33.3	27.9
Other Current Assets, Total	33.9	29.6	29.2	33.3	27.9
Total Current Assets	784.2	765.4	736.9	721.3	678.2

Property/Plant/Equipment - Net	258.2	234.1	214.4	213.7	198.1
Goodwill, Net	0.6	0.6	0.6	0.6	0.6
Intangibles, Net	12.8	12.8	12.8	12.3	12.4
LT Investments - Other	198.3	201.8	200.0	203.8	186.2
Long Term Investments	198.3	201.8	200.0	203.8	186.2
Other Long Term Assets	59.0	43.9	42.1	43.8	43.0
Other Long Term Assets, Total	59.0	43.9	42.1	43.8	43.0
Total Assets	1,313.1	1,258.6	1,206.8	1,195.4	1,118.6

Accounts Payable	172.5	174.1	166.4	160.2	126.0
Accrued Expenses	21.1	10.1	20.0	11.0	16.1
Notes Payable/Short Term Debt	32.3	28.3	26.4	30.4	30.3
Current Portion - Long Term Debt/Capital Leases	1.7	1.6	3.7	0.8	-
Income Taxes Payable	6.0	4.2	10.1	4.5	3.2
Other Current Liabilities	105.0	97.9	73.6	93.5	87.5
Other Current liabilities, Total	111.1	102.1	83.7	97.9	90.7
Total Current Liabilities	338.6	316.2	300.2	300.3	263.2

Long Term Debt	54.4	52.2	51.2	41.5	40.9
Capital Lease Obligations	-	-	2.5	-	-
Total Long Term Debt	54.4	52.2	53.7	41.5	40.9
Total Debt	88.5	82.2	83.7	72.7	71.2

Deferred Income Tax - LT Liability	-	-	21.3	-	-
Deferred Income Tax	-	-	21.3	-	-
Minority Interest	23.0	21.5	19.9	19.3	18.5
Reserves	2.3	2.2	2.2	2.2	2.2
Pension Benefits - Underfunded	35.9	35.4	34.2	35.1	33.9
Other Long Term Liabilities	27.6	31.6	6.3	25.6	19.2
Other Liabilities, Total	65.8	69.3	42.7	63.0	55.2
Total Liabilities	481.8	459.2	437.8	424.0	377.8

Common Stock	74.6	71.2	69.4	70.9	68.9
Common Stock	74.6	71.2	69.4	70.9	68.9
Additional Paid-In Capital	81.3	77.6	75.6	77.1	74.8
Retained Earnings (Accumulated Deficit)	705.2	665.5	644.8	642.1	622.5
Treasury Stock - Common	-16.9	-16.2	-15.7	-16.6	-13.8
Unrealized Gain (Loss)	13.5	25.2	25.2	26.1	16.6
Translation Adjustment	-26.5	-24.1	-30.4	-28.3	-28.2
Other Equity, Total	-26.5	-24.1	-30.4	-28.3	-28.2
Total Equity	831.3	799.3	768.9	771.3	740.7

Total Liabilities & Shareholders’ Equity	1,313.1	1,258.6	1,206.8	1,195.4	1,118.6

Shares Outstanding - Common Stock Primary Issue	54.3	54.3	54.3	54.2	54.5
Total Common Shares Outstanding	54.3	54.3	54.3	54.2	54.5
Treasury Shares - Common Stock Primary Issue	2.3	2.3	2.3	2.3	2.1
Employees	-	-	3,521	3,500	3,473

ANNUAL CASH FLOWS

STANDARDIZED

Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)

Financial Glossary

	31-Mar-2011	31-Mar-2010	31-Mar-2009	31-Mar-2008	31-Mar-2007
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Mar-2011	Updated Normal 31-Mar-2010	Updated Normal 31-Mar-2009	Updated Normal 31-Mar-2008	Updated Normal 31-Mar-2007
Filed Currency	JPY	JPY	JPY	JPY	JPY
Exchange Rate (Period Average)	85.691434	92.941082	100.484331	114.302336	116.944303
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Tohmatsu & Co.
Auditor Opinion	Unqualified	Unqualified with Explanation	Unqualified	Unqualified	Unqualified

Net Income/Starting Line	46.4	16.5	57.6	77.3	81.6
Depreciation	21.1	20.9	20.5	17.6	13.9
Depreciation/Depletion	21.1	20.9	20.5	17.6	13.9
Amortization of Acquisition Costs	0.8	0.0	0.0	0.0	0.2
Amortization	0.8	0.0	0.0	0.0	0.2
Unusual Items	6.6	3.3	21.3	5.7	-5.0
Equity in Net Earnings (Loss)	-1.8	-2.0	-1.9	-2.0	-3.3
Other Non-Cash Items	-4.6	-2.7	-1.6	-1.5	-9.3
Non-Cash Items	0.1	-1.3	17.8	2.2	-17.6
Accounts Receivable	-13.8	83.4	54.8	-15.0	-20.6
Inventories	18.8	29.2	-8.0	-6.5	-11.7
Accounts Payable	32.3	-42.4	-40.1	0.0	8.4
Accrued Expenses	1.2	-1.9	-3.5	1.7	2.1
Taxes Payable	1.0	-2.2	0.8	0.0	0.3
Other Liabilities	-16.8	-36.0	24.1	1.2	11.5
Other Operating Cash Flow	6.1	-2.8	-41.8	-35.6	-17.3
Changes in Working Capital	28.9	27.2	-13.7	-54.2	-27.4
Cash from Operating Activities	97.4	63.3	82.3	43.0	50.7

Purchase of Fixed Assets	-30.1	-26.6	-35.5	-20.9	-29.5
Purchase/Acquisition of Intangibles	-2.8	-4.1	-2.6	-0.5	-0.5
Capital Expenditures	-32.8	-30.7	-38.1	-21.5	-30.0
Acquisition of Business	-	0.0	-1.5	0.0	-
Sale of Business	0.2	0.0	-	-	-
Sale of Fixed Assets	0.5	0.9	3.6	2.0	4.6
Sale/Maturity of Investment	23.9	19.2	36.3	17.8	15.9
Investment, Net	1.0	0.1	0.1	-0.1	1.1
Purchase of Investments	-57.0	-25.0	-37.6	-18.1	-23.1
Other Investing Cash Flow	0.4	-1.4	0.3	-1.7	0.5
Other Investing Cash Flow Items, Total	-31.1	-6.3	1.2	0.0	-1.0
Cash from Investing Activities	-63.9	-36.9	-37.0	-21.4	-31.1

Other Financing Cash Flow	-0.8	-0.4	-1.0	-0.7	-0.5
Financing Cash Flow Items	-0.8	-0.4	-1.0	-0.7	-0.5
Cash Dividends Paid - Common	-6.3	-7.6	-8.1	-6.4	-5.6
Total Cash Dividends Paid	-6.3	-7.6	-8.1	-6.4	-5.6
Sale/Issuance of Common	0.7	0.0	-	0.0	1.0
Repurchase/Retirement of Common	-2.9	-0.1	0.0	-1.1	-1.7
Common Stock, Net	-2.2	-0.1	0.0	-1.1	-0.6
Issuance (Retirement) of Stock, Net	-2.2	-0.1	0.0	-1.1	-0.6
Short Term Debt, Net	1.2	-8.9	5.9	-6.4	-7.2
Long Term Debt Issued	20.8	0.0	1.0	25.3	0.1
Long Term Debt Reduction	-5.3	-1.7	-16.2	-5.6	-18.3
Long Term Debt, Net	15.5	-1.7	-15.2	19.8	-18.2
Issuance (Retirement) of Debt, Net	16.7	-10.6	-9.3	13.3	-25.4
Cash from Financing Activities	7.4	-18.8	-18.5	5.1	-32.1

Foreign Exchange Effects	-8.3	2.4	-7.5	1.4	2.0
Net Change in Cash	32.6	10.0	19.2	28.0	-10.5

Net Cash - Beginning Balance	254.2	224.3	188.3	137.5	144.9
Net Cash - Ending Balance	286.8	234.4	207.5	165.5	134.4
Cash Interest Paid	1.1	1.2	1.4	1.3	1.4
Cash Taxes Paid	5.9	4.9	38.0	35.8	20.6

INTERIM CASH FLOWS

STANDARDIZED

Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)

Financial Glossary

	30-Sep-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010	30-Jun-2010
Period Length	6 Months	12 Months	9 Months	6 Months	3 Months
UpdateType/Date	Updated Normal 30-Sep-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010	Updated Normal 30-Jun-2010
Filed Currency	JPY	JPY	JPY	JPY	JPY
Exchange Rate (Period Average)	79.672811	85.691434	86.812446	88.962162	92.080323

Net Income/Starting Line	29.3	46.4	19.8	9.6	4.3
Depreciation	11.1	21.1	15.5	9.9	4.8
Depreciation/Depletion	11.1	21.1	15.5	9.9	4.8
Amortization of Acquisition Costs	0.2	0.8	0.8	0.0	0.0
Amortization	0.2	0.8	0.8	0.0	0.0
Unusual Items	1.8	6.6	2.2	0.5	0.0
Equity in Net Earnings (Loss)	-2.7	-1.8	-1.2	-0.8	-0.6
Other Non-Cash Items	-3.0	-4.6	-4.1	-3.9	-2.8
Non-Cash Items	-3.9	0.1	-3.1	-4.2	-3.4
Accounts Receivable	-31.5	-13.8	-0.2	21.7	10.1
Inventories	-15.1	18.8	0.4	11.3	8.0
Accounts Payable	-9.1	32.3	21.4	-3.6	-4.2
Accrued Expenses	-0.6	1.2	-7.7	-2.2	-9.4
Taxes Payable	-0.5	1.0	0.9	2.0	1.5
Other Liabilities	10.0	-16.8	-5.4	-6.7	-6.8
Other Operating Cash Flow	-8.8	6.1	4.8	7.0	6.4
Changes in Working Capital	-55.7	28.9	14.4	29.4	5.6
Cash from Operating Activities	-19.0	97.4	47.4	44.7	11.3

Purchase of Fixed Assets	-27.8	-30.1	-18.4	-5.1	-1.6
Purchase/Acquisition of Intangibles	-0.3	-2.8	-1.3	-1.1	-0.5
Capital Expenditures	-28.1	-32.8	-19.8	-6.2	-2.2
Sale of Business	0.0	0.2	0.2	0.2	-
Sale of Fixed Assets	0.8	0.5	0.3	0.2	0.1
Sale/Maturity of Investment	12.4	23.9	13.9	8.6	1.7
Purchase of Investments	-45.8	-57.0	-43.2	-21.9	-9.4
Other Investing Cash Flow	0.4	1.4	1.6	1.8	0.4
Other Investing Cash Flow Items, Total	-32.1	-31.1	-27.2	-11.2	-7.2
Cash from Investing Activities	-60.2	-63.9	-47.0	-17.4	-9.4

Other Financing Cash Flow	-0.9	-0.8	0.0	0.0	0.0
Financing Cash Flow Items	-0.9	-0.8	0.0	0.0	0.0
Cash Dividends Paid - Common	-4.8	-6.3	-6.2	-3.0	-2.9
Total Cash Dividends Paid	-4.8	-6.3	-6.2	-3.0	-2.9
Sale/Issuance of Common	-	0.7	-	-	-
Repurchase/Retirement of Common	0.0	-2.9	-2.9	-0.1	0.0
Common Stock, Net	0.0	-2.2	-2.9	-0.1	0.0
Issuance (Retirement) of Stock, Net	0.0	-2.2	-2.9	-0.1	0.0
Short Term Debt, Net	2.5	1.2	-0.3	0.5	0.2
Long Term Debt Issued	1.0	20.8	10.0	9.3	8.9
Long Term Debt Reduction	-2.8	-5.3	-1.2	-0.8	-0.4
Long Term Debt, Net	-1.7	15.5	8.7	8.5	8.4
Issuance (Retirement) of Debt, Net	0.8	16.7	8.5	9.0	8.6
Cash from Financing Activities	-4.9	7.4	-0.7	5.9	5.6

Foreign Exchange Effects	4.9	-8.3	-6.2	-7.8	-1.9
Net Change in Cash	-79.2	32.6	-6.4	25.3	5.7

Net Cash - Beginning Balance	308.5	254.2	250.9	244.8	236.5
Net Cash - Ending Balance	229.3	286.8	244.5	270.2	242.2
Cash Interest Paid	0.6	1.1	0.9	0.5	0.3
Cash Taxes Paid	13.0	5.9	4.2	2.4	2.2

ANNUAL INCOME STATEMENT

AS REPORTED

Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)

	31-Mar-2011	31-Mar-2010	31-Mar-2009	31-Mar-2008	31-Mar-2007
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Mar-2011	Updated Normal 31-Mar-2010	Updated Normal 31-Mar-2009	Updated Normal 31-Mar-2008	Updated Normal 31-Mar-2007
Filed Currency	JPY	JPY	JPY	JPY	JPY
Exchange Rate (Period Average)	85.691434	92.941082	100.484331	114.302336	116.944303
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Tohmatsu & Co.
Auditor Opinion	Unqualified	Unqualified with Explanation	Unqualified	Unqualified	Unqualified

Net Sales	868.7	734.5	967.0	938.9	821.5
Total Revenue	868.7	734.5	967.0	938.9	821.5

Cost of Sales	612.3	537.1	705.1	691.6	594.9
Shipping	20.1	15.6	20.2	20.0	18.4
Sales Commission	10.9	8.4	7.2	6.8	5.9
Patent Usage	0.2	0.8	0.8	0.9	0.6
Advertising	2.8	2.2	3.1	3.2	1.9
Entertainment	1.8	1.5	2.1	2.0	2.0
Travel, Transpor.	11.8	10.3	10.9	9.8	9.0
Payrolls	78.7	74.7	74.7	69.4	60.6
Provision for bonuses	7.8	7.0	6.4	6.3	6.2
Provision for dir's bonuses	2.0	1.2	1.3	0.8	0.7
Periodic retirement benefit costs	4.8	4.3	6.1	3.2	2.4
Prov. for dirs' retirment benefits	0.2	0.2	0.3	0.3	0.3
Welfare expenses	11.0	10.7	10.1	9.3	8.7
Taxes, other than income taxes	2.6	2.4	2.8	2.5	2.4
Office Supplies	1.3	1.2	1.4	1.4	1.3
Communication	2.6	2.5	2.3	1.8	1.7
Depreciation	4.8	4.2	4.0	3.6	3.3
Rental Expense	7.3	7.0	6.8	4.8	4.4
Amort. of Goodwill	0.8	0.1	0.0	0.1	0.3
Provision for doubtful accounts(SGA)	0.6	0.1	0.2	0.0	-
R & D expenses	16.4	15.2	15.2	11.4	11.4
Other SG&A	18.6	15.5	15.6	12.7	12.2
SP Rev.Allow.Doubt.Acct	-	-	0.0	0.0	-0.2
SP Rev. Allow. Environmental Exp.	-	-	-	0.0	-0.1
SP Rev. Allow. Blg. Withdrawal Exp.	-	-	-	0.0	-0.1
SP Rev. Ligitation Loss	-	-	-	0.0	-0.1
SP Rev. G on Prov. for Plant warranty	0.0	-0.2	0.0	-	-
SP Rev. G on Prov.for envir. measure	0.0	-0.1	0.0	-	-
SP Loss Retir.Fix.Asset	0.2	0.4	1.3	0.5	0.4
SP Loss Val. Fix. Asset	-	-	-	-	0.0
SP Loss Impairment Assets	0.2	0.2	1.2	4.5	0.0
SP Nonrecurring depreciation	-	0.0	0.7	0.0	-
SP Loss Val. Inv. Sec.	2.8	1.4	17.3	1.3	0.0
SP Environment Safety Prep. expense	-	-	0.0	0.2	0.0
SP Reserve for Environment Safety Prep.	-	-	-	-	0.0
SP Reserve for removal of building costs	-	-	-	-	0.0
SP Restoration expense	-	-	-	0.0	0.0
SP Product Compensation	-	-	0.0	0.3	4.2
SP Loss-Contract Cancelled	-	-	-	0.0	0.2
SP Loss Val. Membership	0.1	0.5	0.0	0.1	0.1
SP Other Loss	0.4	0.0	-	-	-
NOP Amort.negative Goodwill	0.0	0.0	0.0	-0.1	-0.1
Total Operating Expense	823.2	724.1	916.8	868.8	753.1

NOP Interest Income	2.5	1.2	2.3	2.0	1.4
NOP Dividend Income	2.5	2.1	3.8	3.0	2.5
NOP Gain Equity Investment	1.8	2.0	1.9	2.0	3.3
NOP Insurance Dividend	-	-	0.5	1.1	1.4
NOP G-Managing Inv. Fund	-	-	-	0.0	2.2
NOP Other Non-Op.Income	2.8	4.5	3.8	2.5	2.2
NOP Interest Expense	-1.1	-1.2	-1.5	-1.4	-1.4
NOP Exchange Loss	-1.4	0.0	-	-	-
NOP L-Managing Inv. Fund	-3.0	-1.8	-2.3	-0.3	0.0
NOP Provision of allow. for doubtful ac.	-1.0	0.0	-	-	-
NOP Other Non-Op.Expense	-2.1	-1.6	-1.2	-2.7	-2.0
SP Gain Sale Fix.Asset	0.1	0.1	0.4	1.2	2.5
SP Gain Sale Inv. Sec.	0.1	1.3	0.7	0.0	1.1
SP Gains on equity changes	0.1	0.0	-	-	-
SP Gain Sale Memberships	-	-	-	0.0	0.1
SP L on liquidation of LT inv't in secs	-	-	-	0.0	0.0
SP Loss Sale Fix.Asset	0.0	-0.4	-0.2	-0.2	-0.1
SP L on redemp. of invest. secs.	-0.4	0.0	-	-	-
SP Loss Change Equity	-	0.0	-0.2	0.0	-
SP Loss Sale Inv. Secs.	-	-	0.0	0.0	0.0
SP Loss Sale Affil.Stk.	-	0.0	-0.3	0.0	-
SP Loss Sale Memberships	-	-	-	0.0	0.0
Net Income Before Taxes	46.5	16.6	57.7	77.4	81.6

Provision for Income Taxes	16.4	10.0	23.5	31.9	29.5
Net Income After Taxes	30.1	6.6	34.3	45.5	52.2

MinorityInterest	-3.0	-0.3	-1.0	-1.5	-1.9
Net Income Before Extra. Items	27.1	6.2	33.2	44.0	50.3
Net Income	27.1	6.2	33.2	44.0	50.3

Directors' Bonuses	-	-	-	-	0.0
Adjustment	-0.1	-0.1	-0.1	-0.1	0.0
Income Available to Com Excl ExtraOrd	27.0	6.1	33.1	43.9	50.3

Income Available to Com Incl ExtraOrd	27.0	6.1	33.1	43.9	50.3

Basic Weighted Average Shares	54.4	54.5	54.5	54.6	54.6
Basic EPS Excluding ExtraOrdinary Items	0.50	0.11	0.61	0.80	0.92
Basic EPS Including ExtraOrdinary Item	0.50	0.11	0.61	0.80	0.92
Dilution Adjustment	0.0	0.0	0.0	0.0	0.0
Diluted Net Income	27.0	6.1	33.1	43.9	50.3
Diluted Weighted Average Shares	54.4	54.5	54.5	54.6	54.6
Diluted EPS Excluding ExtraOrd Items	0.50	0.11	0.61	0.80	0.92
Diluted EPS Including ExtraOrd Items	0.50	0.11	0.61	0.80	0.92
DPS-Common Stock	0.14	0.11	0.16	0.12	0.11
Gross Dividends - Common Stock	7.6	5.9	8.7	6.7	6.1
Normalized Income Before Taxes	50.9	19.1	77.2	83.3	83.8

Inc Tax Ex Impact of Sp Items	17.7	10.9	31.4	34.4	30.2
Normalized Income After Taxes	33.2	8.2	45.8	49.0	53.6

Normalized Inc. Avail to Com.	30.1	7.7	44.7	47.3	51.7

Basic Normalized EPS	0.55	0.14	0.82	0.87	0.95
Diluted Normalized EPS	0.55	0.14	0.82	0.87	0.95
Rental Expense	7.3	7.0	6.8	4.8	4.4
R & D expenses (SGA)	16.4	15.2	15.2	11.4	11.4
R & D expenses (COGS)	0.4	0.5	1.1	0.9	0.9
Advertising Expense	2.8	2.2	3.1	3.2	1.9
Interest Expense	1.1	1.2	1.5	1.4	1.4
Depreciation	21.1	20.9	20.5	17.6	13.9
Amort of Goodwill	0.8	0.0	0.0	0.0	0.2
Amortization of negative goodwill	-	-	-	-0.1	-0.1
Reported Operating Profit	49.1	12.4	70.3	77.0	72.8
Reported Ordinary Profit	50.2	17.7	77.7	83.3	82.4
Service Cost	7.9	4.4	11.2	5.6	4.2
Interest Cost	1.8	1.7	1.4	1.3	1.1
Expected Return of Plan Asset	-1.1	-0.8	-0.8	-0.9	-0.8
Prior Service Costs	0.5	0.4	0.4	0.3	0.7
Actuarial G/L	3.2	3.3	1.9	1.1	1.2
Domestic Pension Plan Expense	12.2	9.0	14.0	7.4	6.4
Defined contribution expense	1.6	1.5	1.3	1.1	0.0
Total Pension Expense	13.8	10.5	15.4	8.5	6.4
Discount Rate	1.80%	1.80%	2.00%	2.00%	2.00%
Expected Rate of Return	2.00%	2.00%	2.00%	2.00%	2.00%

INTERIM INCOME STATEMENT

AS REPORTED

Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)

	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010	30-Jun-2010
Period Length	3 Months	3 Months	3 Months	3 Months	3 Months
UpdateType/Date	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010	Updated Normal 30-Jun-2010
Filed Currency	JPY	JPY	JPY	JPY	JPY
Exchange Rate (Period Average)	81.605269	82.241044	82.567473	85.838925	92.080323

Net sales	243.3	280.3	225.5	188.4	180.2
Total Revenue	243.3	280.3	225.5	188.4	180.2

Cost of Sales	172.8	189.0	159.1	135.5	132.0
Total SGA	57.4	-	-	-	-
Payroll	-	26.3	18.7	17.8	16.5
Reserve for Bonus	-	-	4.0	3.0	3.3
Reserve for Director Bonus	-	1.3	0.3	0.2	0.2
Periodic Retirement Benefit	-	1.0	1.3	1.2	1.2
Reserve for Director Retirement Bonus	-	0.1	0.0	0.0	0.0
Reserve for Doubtful Account	-	-	0.6	0.2	0.2
Other General Expenses	-	30.7	30.7	25.2	23.9
SP Rev. environment measure reserve	-	-0.1	-	-	-
SP Other gain	0.0	0.0	-	0.0	0.0
SP L. on retire. of fixed assets	-	0.1	-	0.1	-
SP Loss Impairment Assets	0.3	-	-	-	0.0
SP L on val. of LT inv't. secs.	1.1	0.8	1.8	0.3	0.0
SP Provision for environmental measures	0.0	-	-	-	0.1
SP L on val. of membership	-	0.0	0.0	0.1	-
SP Other loss	0.0	0.9	-	0.1	0.0
NOP Amort. of negative goodwill	0.0	0.0	0.0	-	0.0
Total Operating Expense	231.6	250.0	216.6	183.7	177.6

NOP Interest Income	0.9	0.8	0.8	0.6	0.4
NOP Dividend Income	1.5	0.2	1.0	0.1	1.1
NOP Foreign exchange gains.	1.1	-	-	-	0.0
NOP Equity gains	0.9	0.7	0.4	0.2	0.6
NOP Other income	0.9	1.0	0.4	0.7	0.7
NOP Interest Expense	-0.3	-0.3	-0.3	-0.3	-0.2
NOP Donation	-0.1	-	-	-	-0.1
NOP Foreign exchange losses	-	-0.7	-0.4	-0.3	-
NOP L on Investment Union	-	-2.9	-	-0.1	-
NOP Other expense	-0.3	-1.5	-0.3	-0.4	-0.8
SP G on sale of fixed assets	0.1	0.0	0.0	-	0.1
SP G on sale of LT inv't. secs.	0.0	0.1	0.0	0.0	0.0
SP Gains on Equity Changes	-	0.0	-	0.1	-
SP L on sale/retire. of fixed assets	-	-	0.0	-	-
SP L on sale of LT inv't. secs.	0.0	-	-	-	-0.1
Net Income Before Taxes	16.2	27.6	10.5	5.3	4.3

Provision for Income Taxes	7.0	9.3	5.7	0.7	1.2
Net Income After Taxes	9.2	18.3	4.7	4.6	3.1

MinorityInterest	-0.9	-1.7	-0.5	-0.4	-0.6
Net Income Before Extra. Items	8.4	16.6	4.3	4.3	2.6
Net Income	8.4	16.6	4.3	4.3	2.6

Adjustment	0.0	-0.1	0.0	0.0	0.0
Income Available to Com Excl ExtraOrd	8.3	16.6	4.2	4.2	2.6

Income Available to Com Incl ExtraOrd	8.3	16.6	4.2	4.2	2.6

Basic Weighted Average Shares	54.3	54.3	54.5	54.5	54.5
Basic EPS Excluding ExtraOrdinary Items	0.15	0.31	0.08	0.08	0.05
Basic EPS Including ExtraOrdinary Item	0.15	0.31	0.08	0.08	0.05
Dilution Adjustment	0.0	0.0	0.0	0.0	0.0
Diluted Net Income	8.3	16.6	4.2	4.2	2.6
Diluted Weighted Average Shares	54.3	54.3	54.5	54.5	54.5
Diluted EPS Excluding ExtraOrd Items	0.15	0.31	0.08	0.08	0.05
Diluted EPS Including ExtraOrd Items	0.15	0.31	0.08	0.08	0.05
DPS-Common Stock	0.00	0.09	0.00	0.06	0.00
Gross Dividends - Common Stock	0.0	4.6	0.0	3.2	0.0
Normalized Income Before Taxes	17.7	29.3	13.1	5.8	4.4

Inc Tax Ex Impact of Sp Items	7.5	9.9	6.8	0.7	1.2
Normalized Income After Taxes	10.2	19.4	6.4	5.1	3.2

Normalized Inc. Avail to Com.	9.3	17.7	5.9	4.7	2.6

Basic Normalized EPS	0.17	0.33	0.11	0.09	0.05
Diluted Normalized EPS	0.17	0.33	0.11	0.09	0.05
Interest Expense	0.3	0.3	0.3	0.3	0.2
Depreciation	5.4	5.6	5.7	5.1	4.8
Amort of goodwill	0.2	0.0	0.8	0.0	0.0
Amortization of negative goodwill	0.0	-	-	-	0.0
Reported Operating Profit	13.1	31.8	10.7	5.2	2.8
Reported Ordinary Profit	17.5	29.1	12.3	5.7	4.4

ANNUAL BALANCE SHEET

AS REPORTED

Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)

	31-Mar-2011	31-Mar-2010	31-Mar-2009	31-Mar-2008	31-Mar-2007
UpdateType/Date	Updated Normal 31-Mar-2011	Updated Normal 31-Mar-2010	Updated Normal 31-Mar-2009	Updated Normal 31-Mar-2008	Updated Normal 31-Mar-2007
Filed Currency	JPY	JPY	JPY	JPY	JPY
Exchange Rate	82.88	93.44	98.77	99.535	118.075
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Tohmatsu & Co.
Auditor Opinion	Unqualified	Unqualified with Explanation	Unqualified	Unqualified	Unqualified

Cash & Deposits	235.3	167.9	163.5	117.2	102.6
Note&Acct. Rcvl.	293.2	243.8	306.4	369.9	296.9
Marketable Sec.	87.1	78.6	53.5	79.1	42.4
Inventories	-	-	-	-	96.0
Inventories - finished goods	17.5	14.4	16.7	16.0	-
Inventories - work-in-process	48.3	61.3	76.0	79.8	-
Inventories - raw materials & supplies	28.9	28.1	30.5	27.2	-
Deferred Tax	16.6	12.5	12.1	14.5	12.3
Other Curr.Asset	12.6	13.3	23.2	11.2	6.3
Allow.Doubt.Acct	-2.6	-1.8	-1.6	-1.9	-1.6
Total Current Assets	736.9	618.0	680.5	712.9	554.9

Bldg.&Structures	210.2	191.2	163.7	168.4	135.6
Accum. depr - bldg&struc	-127.6	-111.6	-101.2	-101.0	-
Mach.&Vehicles	222.7	200.6	188.0	194.8	162.0
Accum. depr - machin&vehicles	-180.3	-157.6	-141.8	-151.9	-
Land	63.9	53.3	48.8	46.6	38.6
Lease assets, gross	3.7	2.5	1.0	-	-
Accum. depr - lease assets	-1.4	-0.7	-0.2	-	-
Contr.-in-Prog.	16.8	2.0	5.4	1.6	1.2
Other PP&E	41.2	38.1	34.9	37.3	30.3
Accum. depr - other PPE	-34.9	-32.2	-28.9	-30.5	-
Depreciation	-	-	-	-	-230.7
Total intangible assets	-	11.8	8.6	5.4	-
Goodwill	0.6	-	-	-	0.0
Lease assets	1.8	-	-	-	-
Consolid.Adj.	-	-	-	-	0.0
Other Intangible	11.1	-	-	-	5.7
Invest. Securit.	200.0	185.8	148.4	211.3	233.6
LT Loan	2.8	3.5	2.3	2.2	0.2
Time deposit over 1 year	22.0	0.0	-	-	-
Deferred Tax	7.4	7.0	5.6	5.2	3.3
Other Assets	11.4	25.4	27.4	28.7	24.2
Allow.Doubt.Acct	-1.5	-0.7	-0.6	-1.0	-0.9
Adjustment	-0.1	0.0	-	0.0	0.0
Total Assets	1,206.8	1,036.4	1,042.0	1,129.8	957.7

Note&Acct. Pybl.	166.4	120.3	152.8	202.0	167.7
ST Debt	26.4	26.5	29.3	26.0	33.4
LT borrowings (current)	1.3	0.0	0.7	0.8	-
Curr.Corp.Bond	0.8	0.0	0.0	15.1	0.0
Lease liabilities (current)	1.6	1.2	0.8	0.0	-
Corp.Tax Pybls.	10.1	3.2	5.9	20.0	19.8
Sales Tax Pybls.	3.2	2.0	3.8	3.3	2.6
Advances received	29.2	45.7	75.0	56.4	44.7
Allow.Bonus	17.9	15.6	16.2	19.9	15.3
Allow. Dir's Bonus	2.1	1.2	1.3	1.0	0.7
Allow.Plant Depos	6.8	6.5	5.0	5.7	3.7
Allow.Project Received	0.3	0.3	0.3	1.2	0.6
Reserve for removal of building costs	-	-	-	-	0.0
Reserve for environmental safety	-	0.0	0.0	0.0	-
Other Curr.Liab.	34.0	23.4	29.2	33.6	30.9
Adjustment	-	-	0.1	-	-
Total Current Liabilities	300.2	245.9	320.1	384.9	319.3

Corp. Bond	37.0	27.8	26.3	25.1	12.7
LT Debt	14.2	0.3	3.6	4.3	1.1
Lease liabilities (non-current)	2.5	2.9	2.5	0.0	-
Total Long Term Debt	53.7	31.0	32.5	29.4	13.8

Accrued Directors Severance Benefit	-	1.4	1.3	4.5	3.8
Deferred Tax	21.3	15.9	5.4	17.8	36.5
Res.Accrd.Retir.	32.4	29.5	28.6	21.3	16.4
Allow.Dir.Retir.	1.9	1.6	1.8	1.5	1.3
Reserve for Environment Safety Prep.	0.8	3.0	3.3	3.3	2.6
Asset retirement obligations	1.4	0.0	-	-	-
Other LT Liab.	6.3	5.0	4.8	5.2	3.0
Minority Interest	19.9	16.1	15.0	16.6	13.4
Total Liabilities	437.8	349.3	412.7	484.6	410.2

Common Stock	69.4	61.6	58.2	57.8	48.7
Paid-in-Capital	75.6	66.9	63.3	62.8	52.9
RetainedEarnings	644.8	553.0	524.6	494.9	381.0
TreasuryStock	-15.7	-12.3	-11.5	-11.4	-8.6
UnrlzedGain-Sec.	25.1	33.7	15.0	43.6	77.2
Deferred gains or losses on hedges	0.0	0.0	-	-	-
Translation Adj.	-30.4	-15.8	-20.3	-2.4	-3.7
Total Equity	768.9	687.0	629.3	645.3	547.6

Total Liabilities & Shareholders' Equity	1,206.8	1,036.3	1,041.9	1,129.8	957.7

S/O-Common Stock	54.3	54.5	54.5	54.5	54.6
Total Common Shares Outstanding	54.3	54.5	54.5	54.5	54.6
T/S-Common Stock	2.3	2.1	2.1	2.0	1.9
Deferred Revenue-Current	29.2	45.7	75.0	56.4	44.7
Full-Time Employees	3,521	3,484	3,621	3,473	3,343
Number of Common Shareholders	5,017	5,631	5,924	4,788	4,422
LT Debts Maturing within 1yr.	2.1	3.5	0.7	15.9	5.2
LT Debts Maturing within 2yr.	33.0	0.2	3.3	0.6	13.3
LT Debts Maturing within 3yr.	5.2	26.9	0.2	3.4	0.4
LT Debts Maturing within 4yr.	5.2	1.1	25.4	0.2	0.1
LT Debts Maturing within 5yr.	3.5	0.0	1.0	25.2	-
Remaining	4.3	0.0	0.0	0.0	0.0
Total Long Term Debt, Supplemental	53.2	31.6	30.6	45.3	19.0
Lease Maturing within 1yr.	1.6	1.2	0.8	-	-
Lease Maturing within 2yr.	1.4	1.2	0.8	-	-
Lease Maturing within 3yr.	0.8	1.0	0.8	-	-
Lease Maturing within 4yr.	0.3	0.6	0.7	-	-
Lease Maturing within 5yr.	0.1	0.1	0.3	-	-
Capital Leases - Remaining Maturities	0.0	0.0	-	-	-
Total Capital Leases	4.1	4.1	3.3	-	-
Pension Obligation	115.3	105.5	92.5	84.3	70.4
Fair Value of Plan Asset	67.1	56.2	43.2	49.6	46.6
Funded Status	-48.1	-49.3	-49.3	-34.7	-23.8
Total Funded Status	-48.1	-49.3	-49.3	-34.7	-23.8
Discount Rate	1.80%	1.80%	2.00%	2.00%	2.00%
Expected Rate of Return	2.00%	2.00%	2.00%	2.00%	2.00%
Unrecognized Prior Service Costs	2.8	2.9	3.1	3.5	3.3
Unrecognized Actuarial Gains and Losses	13.0	16.9	17.6	9.9	4.2
Reserve for Accrued Retirement Benefits	-32.4	-29.5	-28.6	-21.3	-16.4
Net Assets Recognized on Balance Sheet	-16.6	-9.7	-7.9	-7.9	-8.9

INTERIM BALANCE SHEET

AS REPORTED

Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)

	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010	30-Jun-2010
UpdateType/Date	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010	Updated Normal 30-Jun-2010
Filed Currency	JPY	JPY	JPY	JPY	JPY
Exchange Rate	80.76	82.88	81.105	83.54	88.49

Cash & deposits	231.4	235.3	195.4	214.6	182.9
Accounts & notes receivable, gross	321.3	293.2	286.5	250.2	250.2
Marketable securities	78.2	87.1	91.9	88.5	82.7
Finished goods	19.7	17.5	16.0	14.7	14.7
Inventories - work-in-process	53.9	48.3	69.2	54.4	55.4
Inventories - raw materials & supplies	34.2	28.9	32.2	30.2	30.6
Other	29.6	29.2	33.3	27.9	25.9
Allowance for doubtful accounts	-2.8	-2.6	-3.2	-2.3	-2.1
Total Current Assets	765.4	736.9	721.3	678.2	640.3

Buildings & structures, net	85.0	82.6	86.0	83.8	82.2
Machineries, equipment, &vehicles, net	42.3	42.4	44.1	44.8	43.4
Land	65.9	63.9	64.8	58.3	56.0
Other, prop., plants, & equip., net	40.9	25.5	18.9	11.2	10.5
Goodwill	0.6	0.6	0.6	0.6	0.6
Other intangible	12.8	12.8	12.3	12.4	12.0
Long-term investment in securities	201.8	200.0	203.8	186.2	179.0
Other	45.4	43.7	44.3	43.5	42.8
Allowance for doubtful accounts	-1.5	-1.5	-0.5	-0.5	-0.6
Adjustment	0.0	0.0	-	-	-
Total Assets	1,258.6	1,206.8	1,195.4	1,118.6	1,066.2

Trade accounts & notes payable	174.1	166.4	160.2	126.0	121.7
Short-term borrowings	28.3	26.4	30.4	30.3	28.3
LT borrowings (current)	-	1.3	0.8	-	-
Straight bonds (current)	1.6	0.8	-	-	-
Lease liabilities (current)	-	1.6	-	-	-
Income taxes payable	4.2	10.1	4.5	3.2	3.6
Reserve for bonuses	9.5	17.9	10.1	15.7	7.7
Reserve for director's bonuses	0.6	2.1	0.8	0.5	0.3
Reserve for plant warranties	6.7	6.8	7.0	6.4	6.8
Reserve for project received	0.8	0.3	1.0	0.3	0.5
Res. environmental and safety measures	-	-	-	-	0.5
Other	90.4	66.5	85.5	80.8	77.7
Total Current Liabilities	316.2	300.2	300.3	263.2	247.1

Straight bonds	37.1	37.0	37.8	37.5	35.4
Long-term borrowings	15.1	14.2	3.7	3.4	3.3
Lease liabilities (non-current)	-	2.5	-	-	-
Total Long Term Debt	52.2	53.7	41.5	40.9	38.7

Deferred tax liabilities (non-current)	-	21.3	-	-	-
Reserve for accrued retirement benefit	33.4	32.4	33.3	32.1	30.5
Reserve for officers' retirement	2.0	1.9	1.8	1.8	1.6
Reserve for Environment Safety Prep.	0.8	0.8	0.8	0.8	0.8
Asset retirement obligations	1.4	1.4	1.4	1.4	-
Other	31.6	6.3	25.6	19.2	20.1
Minority interests	21.5	19.9	19.3	18.5	17.8
Total Liabilities	459.2	437.8	424.0	377.8	356.5

Common stock	71.2	69.4	70.9	68.9	65.0
Capital surplus	77.6	75.6	77.1	74.8	70.6
Retained earnings	665.5	644.8	642.1	622.5	583.5
Treasury stocks	-16.2	-15.7	-16.6	-13.8	-13.0
Reserve by val. of investment sec.	25.2	25.1	26.1	16.6	21.4
Deferred gains or losses on hedges	0.0	0.0	-	-	-
Cumulative translation adjustments	-24.1	-30.4	-28.3	-28.2	-17.8
Total Equity	799.3	768.9	771.3	740.7	709.7

Total Liabilities & Shareholders' Equity	1,258.6	1,206.8	1,195.4	1,118.6	1,066.2

S/O-Common Stock	54.3	54.3	54.2	54.5	54.5
Total Common Shares Outstanding	54.3	54.3	54.2	54.5	54.5
T/S-Common Stock	2.3	2.3	2.3	2.1	2.1
Full-Time Employees	-	3,521	3,500	3,473	3,490

ANNUAL CASH FLOWS

AS REPORTED

Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)

	31-Mar-2011	31-Mar-2010	31-Mar-2009	31-Mar-2008	31-Mar-2007
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Mar-2011	Updated Normal 31-Mar-2010	Updated Normal 31-Mar-2009	Updated Normal 31-Mar-2008	Updated Normal 31-Mar-2007
Filed Currency	JPY	JPY	JPY	JPY	JPY
Exchange Rate (Period Average)	85.691434	92.941082	100.484331	114.302336	116.944303
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Tohmatsu & Co.
Auditor Opinion	Unqualified	Unqualified with Explanation	Unqualified	Unqualified	Unqualified

Net Income bf. Tax	46.4	16.5	57.6	77.3	81.6
Depreciation	21.1	20.9	20.5	17.6	13.9
Loss Impairment Assets	0.2	0.2	1.2	4.5	0.0
Amort. Goodwill	0.8	0.0	0.0	0.0	0.2
Loss (gain) on change in equity	-0.1	0.0	-	-	-
Allow. Bonus	0.3	-1.5	-3.8	1.6	1.4
Allow. Dir's Bonus	0.9	-0.4	0.3	0.2	0.7
Reserve for contruct losses	0.0	-0.1	-0.6	0.4	-0.5
Reserve for plant warrant	0.5	1.2	0.0	-	-
Reserve for removal of building	-	-	-	0.0	-0.6
Allow.Doubt.Acct.	1.1	0.0	-0.2	-0.1	-1.0
Res.Accrd.Retir.	-0.5	-0.8	7.0	1.7	-1.4
Allow.Dir.Retir.Bon.	0.1	-0.3	0.2	0.0	-2.9
Accrued Directors'' retire	-0.8	0.0	-	-	-
Accrued Directors Severance Benefit	-	0.0	-3.1	-0.1	-0.2
Reserve for Environment Safety	-1.2	-0.5	-0.1	0.2	-0.4
Inter.&Div. Income	-5.0	-3.3	-6.1	-5.0	-3.9
Interest Expense	1.1	1.2	1.5	1.4	1.4
Exchange Gain/Loss	0.2	0.0	-0.2	0.0	0.0
Inv.Income-Equity	-1.8	-2.0	-1.9	-2.0	-3.3
Sale/Disp/Val.PP&E	0.1	0.7	0.9	-0.5	-2.1
Sale/Val. Inv. Sec.	6.3	1.9	18.8	1.6	-3.0
G/L on sale of affiliated securities	-	0.0	0.3	0.0	-
Sales G/L-Memberships	-	-	0.0	0.0	-0.1
Val. Loss-Memberships	0.1	0.5	0.0	0.1	0.1
Acct. Receivables	-16.9	83.4	54.8	-15.0	-20.6
Inventories	18.8	29.2	-8.0	-6.5	-11.7
Acct. Payables	32.3	-42.4	-40.1	0.0	8.4
Sales Tax Payables	1.0	-2.2	0.8	0.0	0.3
(Inc) Dec sales tax receivables	3.1	0.0	-	-	-
Dir. Bonus	-	-	0.0	0.0	-0.4
Dir.Bonus-Minor.Int.	-	-	0.0	0.0	0.0
Advances received	-16.8	-36.0	24.1	1.2	11.5
Other	7.7	-0.3	-8.5	-4.0	1.1
Inter.&Div. Received	5.4	3.6	6.2	5.5	4.1
Interest Paid	-1.1	-1.2	-1.4	-1.3	-1.4
Tax Paid	-7.4	-12.2	-38.0	-35.8	-20.6
Income taxes refund, cash basis	1.5	7.3	0.0	-	-
Adjustment	-	0.0	0.0	0.0	-
Cash from Operating Activities	97.4	63.3	82.3	43.0	50.7

Time Deposit Made	-35.6	-16.9	-23.5	-0.3	-2.8
Time Deposit Matured	19.2	12.8	24.6	2.2	0.0
Purch.Marktb.Sec.	-1.2	0.0	0.0	0.0	0.0
Sale Marktb.Sec.	1.5	1.8	1.3	4.4	5.1
Capital Expenditures	-30.1	-26.6	-35.5	-20.9	-29.5
Sale PP&E	0.5	0.9	3.6	2.0	4.6
Purch. Inv. Sec.	-15.0	-8.1	-14.1	-17.8	-20.3
Sale Inv. Sec.	3.2	4.5	10.4	11.3	10.7
Purch.Subsid.Stock	-	-	-	-	0.0
Purchase of Treasury Stock of Subsidiary	-	-	-	-	0.0
Loan Made	-0.1	-1.5	0.0	-2.3	0.0
Loan Collected	0.5	0.1	0.3	0.6	0.5
Purch.Subsid.Stock-conso.	-5.3	0.0	-	-	-
Proceeds from liquidation of subsidiarie	0.2	0.0	-	-	-
Purch. Intangible	-2.8	-4.1	-2.6	-0.5	-0.5
Purchase of businesses	-	0.0	-1.5	0.0	-
Sale Other Inv.Asset	1.0	0.1	0.1	-0.1	1.1
Cash from Investing Activities	-63.9	-36.9	-37.0	-21.4	-31.1

ST Debt, Net	1.2	-8.9	5.9	-6.4	-7.2
Repayment of finance lease	-1.3	-1.0	-0.4	0.0	-
LT Debt Proceed	14.8	0.0	0.0	3.5	0.1
LT Debt Paid	-4.0	-0.7	-0.8	-5.6	-1.2
Bond Issued	6.0	0.0	1.0	21.9	0.0
Bond Redeemed	-	0.0	-14.9	0.0	-17.1
Proceeds from stock issuance to minority	0.0	0.3	0.0	-	-
Purchase of treasury stock of subsidiari	0.0	0.0	-	-	-
Sale-Treasury Stock	0.7	0.0	-	0.0	1.0
Purch.Treasury Stock	-2.9	-0.1	0.0	-1.1	-1.7
Dividend Paid	-6.3	-7.6	-8.1	-6.4	-5.6
Dividend Paid MI	-0.8	-0.8	-1.0	-0.7	-0.5
Cash from Financing Activities	7.4	-18.8	-18.5	5.1	-32.1

Foreign Exchange Effects	-8.3	2.4	-7.5	1.4	2.0
Net Change in Cash	32.6	10.0	19.2	28.0	-10.5

Net Cash - Beginning Balance	254.2	224.3	188.3	137.5	144.9
Net Cash - Ending Balance	286.8	234.4	207.5	165.5	134.4
Cash Interest Paid	1.1	1.2	1.4	1.3	1.4
Cash Taxes Paid	5.9	4.9	38.0	35.8	20.6

INTERIM CASH FLOWS

AS REPORTED

Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)

	31-Mar-2011	31-Dec-2010	30-Sep-2010	30-Jun-2010	31-Mar-2010
Period Length	12 Months	9 Months	6 Months	3 Months	12 Months
UpdateType/Date	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010	Updated Normal 30-Jun-2010	Updated Normal 31-Mar-2010
Filed Currency	JPY	JPY	JPY	JPY	JPY
Exchange Rate (Period Average)	85.691434	86.812446	88.962162	92.080323	92.941082

Net Income bf. Tax	46.4	19.8	9.6	4.3	16.5
Depreciation	21.1	15.5	9.9	4.8	20.9
Loss Impairment Assets	0.2	-	-	-	0.2
Amortization of goodwill	0.8	0.8	0.0	0.0	0.0
Loss (gain) on change in equity	-0.1	-0.1	-	-	0.0
Gain of Negative Goodwill	-	-	-0.1	-	-
Allow. Bonus	0.3	-7.3	-1.6	-8.5	-1.5
Allow. Director's Bonus	0.9	-0.3	-0.6	-0.9	-0.4
Reserve for contract losses	0.0	0.7	0.0	0.2	-0.1
Reserve for plant warrant	0.5	-	-	-	1.2
Allow.Doubt.Acct.	1.1	0.6	0.1	0.1	0.0
Res.Accrd.Retir.	-0.5	-0.4	-0.5	-0.5	-0.8
Allow.Dir.Retir.Bon.	0.1	0.0	0.0	0.0	-0.3
Accrued Directors'' retire	-0.8	-	-	-	0.0
Accrued Directors Severance Benefit	-	-0.8	-0.8	-0.7	0.0
Reserve for Environment Safety	-1.2	-1.2	-1.1	-0.6	-0.5
Inter.&Div. Income	-5.0	-4.0	-2.3	-1.5	-3.3
Interest Expense	1.1	0.8	0.5	0.2	1.2
Exchange Gain/Loss	0.2	0.2	-	-	0.0
Equity Gain/Loss	-1.8	-1.2	-0.8	-0.6	-2.0
Sale/Disp/Val.PP&E	0.1	0.0	0.0	-0.1	0.7
Sale/Val. Inv. Sec.	6.3	2.2	0.5	0.1	1.9
G on sale of membership	-	-	0.1	-	-
G/L on sale of affiliated securities	-	-	-	-	0.0
Loss on valuation of membership	0.1	0.1	0.1	-	0.5
Acct. Receivables	-16.9	-3.8	18.1	6.6	83.4
Inventories	18.8	0.4	11.3	8.0	29.2
Acct. Payables	32.3	21.4	-3.6	-4.2	-42.4
Sales Tax Payables	1.0	0.9	2.0	1.5	-2.2
(Inc) Dec sales tax receivables	3.1	3.6	3.6	3.4	0.0
Advances Received	-16.8	-5.4	-6.7	-6.8	-36.0
Other	7.7	5.4	7.1	7.1	-0.3
Inter.&Div. Received	5.4	4.6	2.7	1.8	3.6
Interest Paid	-1.1	-0.9	-0.5	-0.3	-1.2
Tax Paid	-7.4	-5.6	-3.8	-2.3	-12.2
Income taxes refund	1.5	1.4	1.4	0.1	7.3
Adjustment	-	-	-	-	0.0
Cash from Operating Activities	97.4	47.4	44.7	11.3	63.3

Time Deposit Made	-35.6	-25.4	-13.4	-6.2	-16.9
Time Deposit Matured	19.2	11.5	7.8	1.0	12.8
Purchase of short-term investment securi	-1.2	-1.2	-1.1	0.0	0.0
Sales and redemption of sec.	1.5	0.3	0.0	0.0	1.8
Capital Expenditures	-30.1	-18.4	-5.1	-1.6	-26.6
Sale PP&E	0.5	0.3	0.2	0.1	0.9
Purch. Inv. Sec.	-15.0	-11.3	-7.4	-3.3	-8.1
Sale/Redemption of Inv. Sec.	3.2	2.0	0.8	0.8	4.5
Loan Made	-0.1	-0.1	0.0	0.0	-1.5
Loan Collected	0.5	0.4	0.4	0.2	0.1
Purch.Subsid.Stock-conso.	-5.3	-5.3	-	-	0.0
Liquidation of Affiliated	0.2	0.2	0.2	-	0.0
Purch. Intangible	-2.8	-1.3	-1.1	-0.5	-4.1
Purchase of businesses	-	-	-	-	0.0
Other investment activities	1.0	1.3	1.4	0.2	0.1
Cash from Investing Activities	-63.9	-47.0	-17.4	-9.4	-36.9

ST Debt, Net	1.2	-0.3	0.5	0.2	-8.9
Repayments of finance lease obligations	-1.3	-0.9	-0.6	-0.3	-1.0
LT Debt Proceed	14.8	4.0	3.6	3.3	0.0
LT Debt Paid	-4.0	-0.3	-0.2	-0.2	-0.7
Bond Issued	6.0	5.9	5.8	5.6	0.0
Bond redemption	-	-	-	-	0.0
Proceeds from stock issuance to minority	0.0	-	-	-	0.3
Treasury Stock of Affiliated Purchased	0.0	0.0	0.0	-	0.0
Sale-Treasury Stock	0.7	-	-	-	0.0
Purch.Treasury Stock	-2.9	-2.9	0.0	0.0	-0.1
Dividend Paid	-6.3	-6.2	-3.0	-2.9	-7.6
Dividend Paid MI	-0.8	0.0	0.0	0.0	-0.8
Cash from Financing Activities	7.4	-0.7	5.9	5.6	-18.8

Foreign Exchange Effects	-8.3	-6.2	-7.8	-1.9	2.4
Net Change in Cash	32.6	-6.4	25.3	5.7	10.0

Net Cash - Beginning Balance	254.2	250.9	244.8	236.5	224.3
Net Cash - Ending Balance	286.8	244.5	270.2	242.2	234.4
Cash Interest Paid	1.1	0.9	0.5	0.3	1.2
Cash Taxes Paid	5.9	4.2	2.4	2.2	4.9

Geographic Segments

Financials in: As Reported (mil)

Annual

Interim

External Revenue USD (mil)
	31-Mar-10				31-Mar-09				31-Mar-08			31-Mar-07		31-Mar-06
Japan	508.5		69.2 %		783.0		81 %		722.7		77 %	665.4	81 %	625.5	79.8 %
North America	25.8		3.5 %		35.8		3.7 %		55.4		5.9 %	40.4	4.9 %	35.1	4.5 %
Europe	122.0		16.6 %		74.0		7.7 %		88.7		9.5 %	49.7	6 %	60.6	7.7 %
Asia	45.5		6.2 %		42.7		4.4 %		39.7		4.2 %	41.0	5 %	35.5	4.5 %
South America	32.8		4.5 %		31.4		3.2 %		32.3		3.4 %	25.0	3 %	26.7	3.4 %
Segment Total	734.5		100 %		966.9		100 %		938.9		100 %	821.5	100 %	783.4	100 %
Intercompany Eliminations	0.0		0 %		0.0		0 %		0.0		0 %	0.0	0 %	0.0	0 %
Consolidated Total	734.5		100 %		966.9		100 %		938.9		100 %	821.5	100 %	783.4	100 %
Exchange Rate: JPY to USD	92.941082				100.484331				114.302336			116.944303		113.166257
Intersegment Revenue USD (mil)
	31-Mar-10			31-Mar-09				31-Mar-08				31-Mar-07		31-Mar-06
Japan	7.6	48.9 %		11.1		36.2 %		19.6		67.6 %		12.5	69.1 %	8.8	71.2 %
North America	0.2	1.5 %		0.1		0.2 %		0.4		1.4 %		1.3	7.1 %	0.1	0.5 %
Europe	5.9	38.2 %		2.7		8.9 %		2.2		7.7 %		0.8	4.4 %	0.4	3.1 %
Asia	1.6	10.2 %		15.4		50.5 %		6.0		20.6 %		2.9	16.2 %	3.0	24.3 %
South America	0.2	1.2 %		1.3		4.2 %		0.8		2.6 %		0.6	3.1 %	0.1	0.9 %
Segment Total	15.5	100 %		30.6		100 %		29.1		100 %		18.1	100 %	12.4	100 %
Intercompany Eliminations	-15.5	-100 %		-30.6		-100 %		-29.1		-100 %		-18.1	-100 %	-12.4	-100 %
Consolidated Total	0.0	0 %		0.0		0 %		0.0		0 %		0.0	0 %	0.0	0 %
Exchange Rate: JPY to USD	92.941082			100.484331				114.302336				116.944303		113.166257

Total Revenue USD (mil)
		31-Mar-10			31-Mar-09				31-Mar-08				31-Mar-07				31-Mar-06
Japan		516.1		68.8 %	794.1		79.6 %		742.3		76.7 %		677.9		80.7 %		634.4		79.7 %
North America		26.0		3.5 %	35.9		3.6 %		55.8		5.8 %		41.7		5 %		35.2		4.4 %
Europe		127.9		17.1 %	76.7		7.7 %		91.0		9.4 %		50.5		6 %		61.0		7.7 %
Asia		47.1		6.3 %	58.1		5.8 %		45.7		4.7 %		43.9		5.2 %		38.5		4.8 %
South America		33.0		4.4 %	32.7		3.3 %		33.1		3.4 %		25.6		3 %		26.8		3.4 %
Segment Total		750.1		100 %	997.5		100 %		968.0		100 %		839.6		100 %		795.8		100 %
Intercompany Eliminations		-15.5		-2.1 %	-30.6		-3.1 %		-29.1		-3 %		-18.1		-2.2 %		-12.4		-1.6 %
Consolidated Total		734.5		97.9 %	966.9		96.9 %		938.9		97 %		821.5		97.8 %		783.4		98.4 %
Exchange Rate: JPY to USD		92.941082			100.484331				114.302336				116.944303				113.166257
Total Operating Expense USD (mil)
	31-Mar-10					31-Mar-09				31-Mar-08				31-Mar-07				31-Mar-06
Japan	508.5		70.6 %			729.1		79.8 %		665.2		75.7 %		603.7		79.7 %		570.2		78.5 %
North America	26.6		3.7 %			37.7		4.1 %		55.0		6.3 %		41.4		5.5 %		35.4		4.9 %
Europe	113.6		15.8 %			65.1		7.1 %		82.1		9.3 %		47.8		6.3 %		60.2		8.3 %
Asia	42.1		5.8 %			52.4		5.7 %		43.0		4.9 %		40.3		5.3 %		35.7		4.9 %
South America	29.9		4.1 %			29.2		3.2 %		33.2		3.8 %		24.5		3.2 %		25.1		3.5 %
Segment Total	720.6		100 %			913.5		100 %		878.4		100 %		757.8		100 %		726.6		100 %
Intercompany Eliminations	1.4		0.2 %			-16.9		-1.8 %		-16.5		-1.9 %		-9.1		-1.2 %		-4.9		-0.7 %
Consolidated Total	722.1		100.2 %			896.6		98.2 %		861.9		98.1 %		748.7		98.8 %		721.8		99.3 %
Exchange Rate: JPY to USD	92.941082					100.484331				114.302336				116.944303				113.166257

Operating Income/Loss USD (mil)
	31-Mar-10		31-Mar-09					31-Mar-08				31-Mar-07				31-Mar-06
Japan	7.6	25.9 %	64.9		77.2 %			77.2		86.2 %		74.1			90.6 %	64.2			92.7 %
North America	-0.6	-1.9 %	-1.8		-2.1 %			0.8		0.9 %		0.3			0.4 %	-0.2			-0.3 %
Europe	14.3	48.6 %	11.6		13.8 %			8.9		9.9 %		2.7			3.3 %	0.8			1.1 %
Asia	5.0	16.9 %	5.8		6.9 %			2.7		3 %		3.6			4.4 %	2.8			4 %
South America	3.1	10.6 %	3.5		4.1 %			-0.1		-0.1 %		1.1			1.3 %	1.6			2.4 %
Segment Total	29.4	100 %	84.1		100 %			89.5		100 %		81.8			100 %	69.2			100 %
Intercompany Eliminations	-17.0	-57.7 %	-13.7		-16.3 %			-12.5		-14 %		-9.0			-11 %	-7.6			-10.9 %
Consolidated Total	12.4	42.3 %	70.3		83.7 %			77.0		86 %		72.8			89 %	61.6			89.1 %
Exchange Rate: JPY to USD	92.941082		100.484331					114.302336				116.944303				113.166257
Operating Margin (%)
				31-Mar-10			31-Mar-09				31-Mar-08			31-Mar-07				31-Mar-06
Japan				1.5		-	8.2		-		10.4		-	10.9			-	10.1		-
North America				-2.2		-	-5.0		-		1.4		-	0.7			-	-0.5		-
Europe				11.2		-	15.2		-		9.8		-	5.3			-	1.3		-
Asia				10.6		-	10.0		-		5.9		-	8.2			-	7.2		-
South America				9.4		-	10.6		-		-0.2		-	4.1			-	6.1		-
Segment Total				3.9		-	8.4		-		9.2		-	9.7			-	8.7		-
Intercompany Eliminations				109.4		-	44.9		-		43.1		-	49.9			-	60.9		-
Consolidated Total				1.7		-	7.3		-		8.2		-	8.9			-	7.9		-

Total Assets USD (mil)
	31-Mar-10		31-Mar-09				31-Mar-08					31-Mar-07				31-Mar-06
Japan	502.2	72.9 %	650.9		76.7 %		699.5		81 %			595.4			82.4 %	559.1			83.2 %
North America	15.9	2.3 %	28.1		3.3 %		23.1		2.7 %			21.0			2.9 %	21.0			3.1 %
Europe	93.3	13.5 %	104.5		12.3 %		74.5		8.6 %			55.4			7.7 %	44.4			6.6 %
Asia	45.8	6.7 %	46.6		5.5 %		43.4		5 %			34.0			4.7 %	33.7			5 %
South America	31.4	4.6 %	18.4		2.2 %		23.3		2.7 %			16.4			2.3 %	13.6			2 %
Segment Total	688.6	100 %	848.4		100 %		863.9		100 %			722.3			100 %	671.8			100 %
Intercompany Eliminations	347.9	50.5 %	193.5		22.8 %		266.0		30.8 %			235.5			32.6 %	249.7			37.2 %
Consolidated Total	1,036.4	150.5 %	1,042.0		122.8 %		1,129.9		130.8 %			957.8			132.6 %	921.5			137.2 %
Exchange Rate: JPY to USD	93.440000		98.770000				99.535000					118.075000				117.990000
Operating Return on Assets (%)
				31-Mar-10				31-Mar-09			31-Mar-08			31-Mar-07				31-Mar-06
Japan				1.5		-		10.1		-	12.7		-	12.3			-	11.0		-
North America				-3.5		-		-6.5		-	4.0		-	1.5			-	-0.8		-
Europe				15.2		-		11.3		-	13.7		-	4.8			-	1.7		-
Asia				10.8		-		12.7		-	7.2		-	10.5			-	7.9		-
South America				9.8		-		19.2		-	-0.3		-	6.4			-	11.6		-
Segment Total				4.3		-		10.1		-	11.9		-	11.2			-	9.9		-
Intercompany Eliminations				-4.9		-		-7.2		-	-5.4		-	-3.8			-	-2.9		-
Consolidated Total				1.2		-		6.9		-	7.8		-	7.5			-	6.4		-

GEOGRAPHIC SEGMENTS

Financials in: As Reported (mil)

Annual

Interim

External Revenue USD (mil)
	31-Mar-10		31-Dec-09			30-Sep-09			30-Jun-09		31-Mar-09
Japan	277.0	66.9 %	343.1	71.7 %		232.8		72.1 %	88.1	65.3 %	369.0	81.2 %
North America	8.8	2.1 %	19.7	4.1 %		16.7		5.2 %	11.8	8.8 %	14.6	3.2 %
Europe	82.1	19.8 %	62.4	13 %		41.0		12.7 %	19.7	14.6 %	42.5	9.4 %
Asia	27.2	6.6 %	29.9	6.3 %		18.5		5.7 %	10.1	7.5 %	19.5	4.3 %
South America	19.2	4.6 %	23.3	4.9 %		13.8		4.3 %	5.1	3.8 %	8.5	1.9 %
Segment Total	414.3	100 %	478.3	100 %		322.9		100 %	134.8	100 %	454.2	100 %
Intercompany Eliminations	0.0	0 %	0.0	0 %		0.0		0 %	0.0	0 %	0.0	0 %
Consolidated Total	414.3	100 %	478.3	100 %		322.9		100 %	134.8	100 %	454.2	100 %
Exchange Rate: JPY to USD	90.324863		93.645436			95.546168			97.475000		94.889044
Intersegment Revenue USD (mil)
	31-Mar-10		31-Dec-09		30-Sep-09				30-Jun-09		31-Mar-09
Japan	4.5	87.1 %	4.7	38.8 %	3.2		30.8 %		0.9	12.9 %	5.4	32.6 %
North America	0.2	4.1 %	0.1	1.1 %	0.0		0.3 %		0.0	0 %	0.1	0.3 %
Europe	0.0	-0.6 %	5.8	48.2 %	5.8		56.6 %		5.3	74.2 %	0.0	0.3 %
Asia	0.4	8.2 %	1.3	11 %	1.1		11.1 %		0.8	11.3 %	10.5	63.8 %
South America	0.1	1.3 %	0.1	0.9 %	0.1		1.1 %		0.1	1.6 %	0.5	3 %
Segment Total	5.1	100 %	12.0	100 %	10.2		100 %		7.1	100 %	16.5	100 %
Intercompany Eliminations	-5.1	-100 %	-12.0	-100 %	-10.2		-100 %		-7.1	-100 %	-16.5	-100 %
Consolidated Total	0.0	0 %	0.0	0 %	0.0		0 %		0.0	0 %	0.0	0 %
Exchange Rate: JPY to USD	90.324863		93.645436		95.546168				97.475000		94.889044

Total Revenue USD (mil)
	31-Mar-10			31-Dec-09				30-Sep-09			30-Jun-09		31-Mar-09
Japan	281.5	67.1 %		347.7		70.9 %		235.9		70.8 %	89.0	62.7 %	374.4	79.5 %
North America	9.0	2.2 %		19.8		4 %		16.8		5 %	11.8	8.3 %	14.7	3.1 %
Europe	82.1	19.6 %		68.2		13.9 %		46.8		14.1 %	25.0	17.6 %	42.5	9 %
Asia	27.6	6.6 %		31.3		6.4 %		19.7		5.9 %	10.9	7.7 %	30.1	6.4 %
South America	19.2	4.6 %		23.4		4.8 %		13.9		4.2 %	5.2	3.7 %	9.0	1.9 %
Segment Total	419.4	100 %		490.3		100 %		333.1		100 %	141.9	100 %	470.7	100 %
Intercompany Eliminations	-5.1	-1.2 %		-12.0		-2.5 %		-10.2		-3.1 %	-7.1	-5 %	-16.5	-3.5 %
Consolidated Total	414.3	98.8 %		478.3		97.5 %		322.9		96.9 %	134.8	95 %	454.2	96.5 %
Exchange Rate: JPY to USD	90.324863			93.645436				95.546168			97.475000		94.889044
Operating Income/Loss USD (mil)
	31-Mar-10		31-Dec-09				30-Sep-09				30-Jun-09		31-Mar-09
Japan	11.0	40 %	-5.6		-91.1 %		-3.0		-118 %		-7.0	159.1 %	26.6	62.4 %
North America	-0.7	-2.4 %	-0.5		-8.5 %		0.1		3.3 %		0.0	0 %	-0.5	-1.2 %
Europe	12.0	43.7 %	5.8		94.9 %		2.5		98.4 %		1.1	-24.4 %	11.8	27.7 %
Asia	3.2	11.7 %	4.3		69.7 %		1.8		69.4 %		1.1	-25.1 %	3.0	7 %
South America	1.9	7 %	2.1		35 %		1.2		46.9 %		0.4	-9.5 %	1.8	4.2 %
Segment Total	27.6	100 %	6.1		100 %		2.6		100 %		-4.4	100 %	42.6	100 %
Intercompany Eliminations	-8.3	-30.1 %	-13.4		-217.9 %		-8.7		-338.8 %		-4.4	100.5 %	-6.9	-16.2 %
Consolidated Total	19.3	69.9 %	-7.2		-117.9 %		-6.1		-238.8 %		-8.8	200.5 %	35.7	83.8 %
Exchange Rate: JPY to USD	90.324863		93.645436				95.546168				97.475000		94.889044

Operating Margin (%)
	31-Mar-10		31-Dec-09		30-Sep-09		30-Jun-09		31-Mar-09
Japan	3.9	-	-1.6	-	-1.3	-	-7.9	-	7.1	-
North America	-7.4	-	-2.6	-	0.5	-	0.0	-	-3.6	-
Europe	14.7	-	8.5	-	5.4	-	4.3	-	27.7	-
Asia	11.7	-	13.7	-	9.0	-	10.2	-	9.8	-
South America	10.0	-	9.2	-	8.6	-	8.0	-	19.8	-
Segment Total	6.6	-	1.3	-	0.8	-	-3.1	-	9.0	-
Intercompany Eliminations	161.4	-	111.1	-	84.8	-	62.5	-	41.8	-
Consolidated Total	4.7	-	-1.5	-	-1.9	-	-6.6	-	7.9	-

BUSINESS SEGMENTS

Financials in: As Reported (mil)

Annual

Interim

External Revenue USD (mil)
	31-Mar-11		31-Mar-10		31-Mar-09		31-Mar-08		31-Mar-07
Cast Area	299.1	34.4 %	263.1	35.8 %	340.7	35.2 %	346.1	36.9 %	260.5	31.7 %
Surface Treatment Area (new)	389.2	44.8 %	301.3	41 %	365.7	37.8 %	-	-	-	-
Environment Related Area	73.8	8.5 %	77.6	10.6 %	128.9	13.3 %	117.5	12.5 %	97.8	11.9 %
Convey Area	43.6	5 %	32.0	4.4 %	49.5	5.1 %	60.6	6.5 %	71.0	8.6 %
Mechatronics Area	61.5	7.1 %	58.9	8 %	48.0	5 %	29.7	3.2 %	46.8	5.7 %
Other	1.5	0.2 %	1.6	0.2 %	34.1	3.5 %	33.1	3.5 %	34.7	4.2 %
Projection & Polishing Products	-	-	-	-	180.4	18.7 %	169.7	18.1 %	144.8	17.6 %
Surface Treatment Area	-	-	295.8	40.3 %	185.3	19.2 %	182.2	19.4 %	165.9	20.2 %
Segment Total	868.7	100 %	734.5	100 %	966.9	100 %	938.9	100 %	821.5	100 %
Intercompany Eliminations	0.0	0 %	0.0	0 %	0.0	0 %	0.0	0 %	0.0	0 %
Consolidated Total	868.7	100 %	734.5	100 %	966.9	100 %	938.9	100 %	821.5	100 %
Exchange Rate: JPY to USD	85.691434		92.941082		100.484331		114.302336		116.944303
Intersegment Revenue USD (mil)
	31-Mar-11		31-Mar-10		31-Mar-09		31-Mar-08		31-Mar-07
Cast Area	0.0	0 %	0.0	0 %	0.0	0 %	0.0	0 %	0.0	0 %
Surface Treatment Area (new)	0.0	0 %	0.0	0 %	0.0	0 %	-	-	-	-
Environment Related Area	2.3	8.6 %	2.7	11.5 %	0.0	0 %	0.2	1.1 %	2.2	10.5 %
Convey Area	0.2	0.6 %	0.1	0.5 %	0.0	0 %	0.0	0 %	0.0	0 %
Mechatronics Area	2.7	10.3 %	0.8	3.3 %	0.0	0 %	0.1	0.6 %	0.0	0 %
Other	21.3	80.5 %	19.9	84.7 %	24.0	100 %	18.3	97.1 %	16.1	78.2 %
Projection & Polishing Products	-	-	-	-	4.6	19 %	0.2	1.2 %	2.3	11.4 %
Surface Treatment Area	-	-	0.0	0 %	0.0	0 %	0.0	0 %	0.0	0 %
Segment Total	26.4	100 %	23.4	100 %	24.0	100 %	18.9	100 %	20.6	100 %
Intercompany Eliminations	-26.4	-100 %	-23.4	-100 %	-24.0	-100 %	-18.9	-100 %	-20.6	-100 %
Consolidated Total	0.0	0 %	0.0	0 %	0.0	0 %	0.0	0 %	0.0	0 %
Exchange Rate: JPY to USD	85.691434		92.941082		100.484331		114.302336		116.944303

Total Revenue USD (mil)
	31-Mar-11		31-Mar-10		31-Mar-09				31-Mar-08				31-Mar-07
Cast Area	299.1	33.4 %	263.1	34.7 %	340.7		34.4 %		346.1		36.1 %		260.5		30.9 %
Surface Treatment Area (new)	389.2	43.5 %	301.3	39.8 %	365.7		36.9 %		-		-		-		-
Environment Related Area	76.1	8.5 %	80.3	10.6 %	128.9		13 %		117.7		12.3 %		100.0		11.9 %
Convey Area	43.7	4.9 %	32.1	4.2 %	49.5		5 %		60.6		6.3 %		71.0		8.4 %
Mechatronics Area	64.2	7.2 %	59.7	7.9 %	48.0		4.8 %		29.8		3.1 %		46.8		5.6 %
Other	22.8	2.5 %	21.5	2.8 %	58.1		5.9 %		51.5		5.4 %		50.8		6 %
Projection & Polishing Products	-	-	-	-	185.0		18.7 %		169.9		17.7 %		147.1		17.5 %
Surface Treatment Area	-	-	295.8	39 %	185.3		18.7 %		182.2		19 %		165.9		19.7 %
Segment Total	895.1	100 %	758.0	100 %	991.0		100 %		957.7		100 %		842.1		100 %
Intercompany Eliminations	-26.4	-3 %	-23.4	-3.1 %	-24.0		-2.4 %		-18.9		-2 %		-20.6		-2.4 %
Consolidated Total	868.7	97 %	734.5	96.9 %	966.9		97.6 %		938.9		98 %		821.5		97.6 %
Exchange Rate: JPY to USD	85.691434		92.941082		100.484331				114.302336				116.944303
Depreciation USD (mil)
	31-Mar-11		31-Mar-10		31-Mar-09			31-Mar-08				31-Mar-07
Cast Area	5.5	25.9 %	5.0	24.2 %	6.0	30.2 %		5.1		29.1 %		3.9		28.2 %
Surface Treatment Area (new)	10.3	48 %	11.2	54.1 %	8.2	41.3 %		-		-		-		-
Environment Related Area	1.9	8.7 %	1.9	9.1 %	2.3	11.5 %		1.8		10.3 %		1.4		9.8 %
Convey Area	1.0	4.6 %	1.0	4.8 %	0.8	3.9 %		0.8		4.3 %		0.6		4.5 %
Mechatronics Area	2.6	12.3 %	1.4	7 %	0.9	4.3 %		0.5		2.7 %		0.6		4 %
Other	0.1	0.5 %	0.2	0.9 %	1.7	8.8 %		1.8		10.4 %		1.4		10.2 %
Projection & Polishing Products	-	-	-	-	4.3	21.6 %		4.4		24.9 %		3.4		25 %
Surface Treatment Area	-	-	9.4	45.5 %	3.9	19.6 %		3.2		18.3 %		2.5		18.3 %
Segment Total	21.4	100 %	20.7	100 %	19.8	100 %		17.5		100 %		13.8		100 %
Intercompany Eliminations	0.4	1.9 %	0.2	0.7 %	0.7	3.8 %		0.1		0.4 %		0.1		0.6 %
Consolidated Total	21.8	101.9 %	20.8	100.7 %	20.5	103.8 %		17.6		100.4 %		13.9		100.6 %
Exchange Rate: JPY to USD	85.691434		92.941082		100.484331			114.302336				116.944303

Total Operating Expense USD (mil)
		31-Mar-10		31-Mar-09			31-Mar-08		31-Mar-07
Cast Area		260.7	35.9 %	307.9	33.9 %		308.4	35.5 %	235.2	30.9 %
Surface Treatment Area (new)		-	-	327.5	36 %		-	-	-	-
Environment Related Area		84.1	11.6 %	114.6	12.6 %		102.6	11.8 %	86.1	11.3 %
Convey Area		35.5	4.9 %	55.1	6.1 %		60.1	6.9 %	67.2	8.8 %
Mechatronics Area		41.0	5.6 %	46.7	5.1 %		28.7	3.3 %	42.5	5.6 %
Other		32.8	4.5 %	57.2	6.3 %		51.1	5.9 %	49.0	6.4 %
Projection & Polishing Products		-	-	164.9	18.1 %		152.8	17.6 %	135.9	17.8 %
Surface Treatment Area		271.9	37.5 %	167.2	18.4 %		166.0	19.1 %	146.1	19.2 %
Segment Total		726.0	100 %	908.9	100 %		869.8	100 %	762.0	100 %
Intercompany Eliminations		-3.9	-0.5 %	-12.4	-1.4 %		-8.0	-0.9 %	-13.2	-1.7 %
Consolidated Total		722.1	99.5 %	896.6	98.6 %		861.9	99.1 %	748.7	98.3 %
Exchange Rate: JPY to USD		92.941082		100.484331			114.302336		116.944303
Operating Income/Loss USD (mil)
	31-Mar-11		31-Mar-10		31-Mar-09		31-Mar-08		31-Mar-07
Cast Area	30.1	45.2 %	9.7	34.5 %	32.8	40 %	37.7	42.9 %	25.3	31.6 %
Surface Treatment Area (new)	44.6	67 %	23.3	82.6 %	38.2	46.5 %	-	-	-	-
Environment Related Area	-2.7	-4.1 %	2.0	7.1 %	14.3	17.4 %	15.0	17.1 %	13.9	17.4 %
Convey Area	0.1	0.1 %	-1.3	-4.6 %	-5.5	-6.7 %	0.5	0.6 %	3.8	4.8 %
Mechatronics Area	-6.1	-9.2 %	-6.1	-21.5 %	1.3	1.6 %	1.1	1.3 %	4.3	5.4 %
Other	0.7	1 %	0.5	1.9 %	0.9	1.1 %	0.3	0.4 %	1.8	2.2 %
Projection & Polishing Products	-	-	-	-	20.1	24.5 %	17.1	19.4 %	11.2	14 %
Surface Treatment Area	-	-	23.9	84.7 %	18.1	22 %	16.1	18.4 %	19.8	24.7 %
Segment Total	66.6	100 %	28.2	100 %	82.0	100 %	87.9	100 %	80.1	100 %
Intercompany Eliminations	-17.5	-26.3 %	-15.8	-55.9 %	-11.7	-14.2 %	-10.9	-12.4 %	-7.4	-9.2 %
Consolidated Total	49.1	73.7 %	12.4	44.1 %	70.3	85.8 %	77.0	87.6 %	72.7	90.8 %
Exchange Rate: JPY to USD	85.691434		92.941082		100.484331		114.302336		116.944303

Operating Margin (%)
				31-Mar-11			31-Mar-10			31-Mar-09				31-Mar-08			31-Mar-07
Cast Area				10.1		-	3.7		-	9.6		-		10.9		-	9.7		-
Surface Treatment Area (new)				11.5		-	7.7		-	10.4		-		-		-	-		-
Environment Related Area				-3.6		-	2.5		-	11.1		-		12.8		-	13.9		-
Convey Area				0.2		-	-4.1		-	-11.2		-		0.8		-	5.4		-
Mechatronics Area				-9.5		-	-10.2		-	2.8		-		3.8		-	9.2		-
Other				2.9		-	2.6		-	1.6		-		0.7		-	3.5		-
Projection & Polishing Products				-		-	-		-	10.9		-		10.1		-	7.6		-
Surface Treatment Area				-		-	8.1		-	9.8		-		8.9		-	11.9		-
Segment Total				7.4		-	3.7		-	8.3		-		9.2		-	9.5		-
Intercompany Eliminations				66.2		-	67.2		-	48.6		-		57.8		-	35.8		-
Consolidated Total				5.6		-	1.7		-	7.3		-		8.2		-	8.9		-
Total Assets USD (mil)
	31-Mar-11		31-Mar-10			31-Mar-09					31-Mar-08				31-Mar-07
Cast Area	273.6	33.5 %	239.9		34.7 %	313.1		37.1 %			272.7		31.8 %		219.2			30.6 %
Surface Treatment Area (new)	314.6	38.6 %	270.4		39.1 %	317.4		37.6 %			-		-		-			-
Environment Related Area	69.3	8.5 %	74.6		10.8 %	93.4		11.1 %			97.8		11.4 %		80.0			11.2 %
Convey Area	42.0	5.2 %	36.4		5.3 %	42.1		5 %			54.4		6.3 %		49.5			6.9 %
Mechatronics Area	97.2	11.9 %	54.1		7.8 %	40.7		4.8 %			30.1		3.5 %		38.4			5.4 %
Other	18.9	2.3 %	16.4		2.4 %	36.5		4.3 %			34.6		4 %		30.3			4.2 %
Projection & Polishing Products	-	-	-		-	161.4		19.1 %			194.4		22.7 %		149.3			20.8 %
Surface Treatment Area	-	-	280.5		40.6 %	156.0		18.5 %			173.5		20.2 %		150.5			21 %
Segment Total	815.7	100 %	691.8		100 %	843.2		100 %			857.5		100 %		717.2			100 %
Intercompany Eliminations	391.2	48 %	344.7		49.8 %	198.7		23.6 %			272.3		31.8 %		240.6			33.5 %
Consolidated Total	1,206.9	148 %	1,036.4		149.8 %	1,042.0		123.6 %			1,129.9		131.8 %		957.8			133.5 %
Exchange Rate: JPY to USD	82.880000		93.440000			98.770000					99.535000				118.075000

Operating Return on Assets (%)
				31-Mar-11			31-Mar-10			31-Mar-09			31-Mar-08		31-Mar-07
Cast Area				11.4		-	4.0		-	10.7		-	15.9	-	11.4		-
Surface Treatment Area (new)				14.7		-	8.6		-	12.2		-	-	-	-		-
Environment Related Area				-4.1		-	2.7		-	15.6		-	17.7	-	17.2		-
Convey Area				0.2		-	-3.6		-	-13.4		-	1.0	-	7.6		-
Mechatronics Area				-6.5		-	-11.2		-	3.4		-	4.3	-	11.1		-
Other				3.6		-	3.3		-	2.6		-	1.2	-	5.9		-
Projection & Polishing Products				-		-	-		-	12.7		-	10.1	-	7.4		-
Surface Treatment Area				-		-	8.5		-	11.8		-	10.7	-	13.0		-
Segment Total				8.4		-	4.1		-	9.9		-	11.8	-	11.1		-
Intercompany Eliminations				-4.6		-	-4.5		-	-6.0		-	-4.6	-	-3.0		-
Consolidated Total				4.2		-	1.2		-	6.9		-	7.8	-	7.5		-
Purchase of Fixed Assets USD (mil)
	31-Mar-11		31-Mar-10			31-Mar-09					31-Mar-08			31-Mar-07
Cast Area	7.4	22.5 %	11.7		41.6 %	18.6		41.9 %			6.6		28.2 %	7.7		28.2 %
Surface Treatment Area (new)	17.8	54.3 %	14.3		51 %	13.9		31.4 %			-		-	-		-
Environment Related Area	1.1	3.5 %	1.2		4.4 %	5.9		13.2 %			2.0		8.7 %	3.8		14.1 %
Convey Area	0.0	0 %	0.0		0.1 %	1.1		2.5 %			1.2		5.2 %	0.9		3.2 %
Mechatronics Area	6.4	19.6 %	0.6		2 %	1.2		2.7 %			0.7		3.1 %	0.9		3.4 %
Other	0.0	0.1 %	0.3		0.9 %	3.7		8.4 %			2.3		9.6 %	2.8		10.2 %
Projection & Polishing Products	-	-	-		-	6.7		15 %			5.9		25 %	5.9		21.6 %
Surface Treatment Area	-	-	10.3		36.8 %	7.3		16.3 %			4.7		20.1 %	5.3		19.3 %
Segment Total	32.8	100 %	28.0		100 %	44.4		100 %			23.4		100 %	27.2		100 %
Intercompany Eliminations	0.7	2.2 %	0.1		0.2 %	0.1		0.3 %			0.0		0 %	0.0		0 %
Consolidated Total	33.6	102.2 %	28.1		100.2 %	44.6		100.3 %			23.4		100 %	27.2		100 %
Exchange Rate: JPY to USD	85.691434		92.941082			100.484331					114.302336			116.944303

BUSINESS SEGMENTS

Financials in: As Reported (mil)

Annual

Interim

External Revenue USD (mil)
	30-Sep-11		30-Jun-11				31-Mar-11			31-Dec-10		30-Sep-10
Cast Area	72.0	28 %	84.2		34.6 %		102.6		36.6 %	80.0	35.5 %	51.7	27.4 %
Surface Treatment Area (new)	115.7	44.9 %	108.3		44.5 %		115.1		41 %	103.7	46 %	91.9	48.8 %
Environment Related Area	29.1	11.3 %	21.4		8.8 %		27.8		9.9 %	15.2	6.8 %	17.1	9.1 %
Convey Area	13.3	5.2 %	12.0		4.9 %		11.5		4.1 %	10.4	4.6 %	11.7	6.2 %
Mechatronics Area	27.1	10.5 %	17.2		7.1 %		23.4		8.3 %	15.4	6.8 %	15.4	8.2 %
Other	0.3	0.1 %	0.1		0 %		0.1		0 %	0.7	0.3 %	0.5	0.3 %
Segment Total	257.5	100 %	243.2		100 %		280.4		100 %	225.5	100 %	188.4	100 %
Intercompany Eliminations	0.0	0 %	0.0		0 %		0.0		0 %	0.0	0 %	0.0	0 %
Consolidated Total	257.5	100 %	243.2		100 %		280.4		100 %	225.5	100 %	188.4	100 %
Exchange Rate: JPY to USD	77.752043		81.605269				82.241044			82.567473		85.838925
Intersegment Revenue USD (mil)
	30-Sep-11		30-Jun-11			31-Mar-11				31-Dec-10		30-Sep-10
Cast Area	0.0	0 %	0.0	0 %		0.0		0 %		0.0	0 %	0.0	0 %
Surface Treatment Area (new)	0.0	0 %	0.0	0 %		0.0		0 %		0.0	0 %	0.0	0 %
Environment Related Area	0.7	6.7 %	0.8	10.9 %		0.7		8.4 %		0.3	5.7 %	0.8	11.5 %
Convey Area	0.2	1.8 %	0.1	1.5 %		0.0		0.5 %		0.0	0.8 %	0.0	0.6 %
Mechatronics Area	0.6	5.6 %	0.5	7 %		0.7		9 %		0.7	11.6 %	0.9	12.7 %
Other	8.7	85.9 %	6.1	80.6 %		6.6		82.2 %		4.9	81.9 %	5.4	75.2 %
Segment Total	10.1	100 %	7.5	100 %		8.0		100 %		6.0	100 %	7.2	100 %
Intercompany Eliminations	-10.1	-100 %	-7.5	-100 %		-8.0		-100 %		-6.0	-100 %	-7.2	-100 %
Consolidated Total	0.0	0 %	0.0	0 %		0.0		0 %		0.0	0 %	0.0	0 %
Exchange Rate: JPY to USD	77.752043		81.605269			82.241044				82.567473		85.838925

Total Revenue USD (mil)
	30-Sep-11		30-Jun-11				31-Mar-11				31-Dec-10				30-Sep-10
Cast Area	72.0	26.9 %	84.2		33.6 %		102.6		35.6 %		80.0		34.6 %		51.7		26.4 %
Surface Treatment Area (new)	115.7	43.2 %	108.3		43.2 %		115.1		39.9 %		103.7		44.8 %		91.9		47 %
Environment Related Area	29.8	11.1 %	22.2		8.9 %		28.5		9.9 %		15.6		6.7 %		17.9		9.2 %
Convey Area	13.5	5.1 %	12.1		4.8 %		11.5		4 %		10.4		4.5 %		11.7		6 %
Mechatronics Area	27.6	10.3 %	17.7		7.1 %		24.1		8.4 %		16.1		7 %		16.3		8.4 %
Other	9.0	3.4 %	6.2		2.5 %		6.6		2.3 %		5.6		2.4 %		6.0		3 %
Segment Total	267.6	100 %	250.7		100 %		288.4		100 %		231.4		100 %		195.6		100 %
Intercompany Eliminations	-10.1	-3.8 %	-7.5		-3 %		-8.0		-2.8 %		-6.0		-2.6 %		-7.2		-3.7 %
Consolidated Total	257.5	96.2 %	243.2		97 %		280.4		97.2 %		225.5		97.4 %		188.4		96.3 %
Exchange Rate: JPY to USD	77.752043		81.605269				82.241044				82.567473				85.838925
Operating Income/Loss USD (mil)
	30-Sep-11		30-Jun-11			31-Mar-11				31-Dec-10				30-Sep-10
Cast Area	5.4	29.9 %	8.8	49.7 %		13.9		37.5 %		5.2		34.9 %		5.0		58.3 %
Surface Treatment Area (new)	12.4	68.3 %	11.9	67.2 %		19.7		53.4 %		13.7		92.4 %		6.0		70.4 %
Environment Related Area	-0.8	-4.2 %	-1.4	-7.9 %		1.6		4.4 %		-2.2		-14.6 %		-0.7		-8.3 %
Convey Area	1.1	5.8 %	-0.7	-4.1 %		0.9		2.4 %		0.5		3.5 %		-0.3		-4.1 %
Mechatronics Area	-0.5	-3 %	-1.1	-5.9 %		0.8		2.2 %		-2.6		-17.5 %		-1.7		-19.8 %
Other	0.6	3.1 %	0.2	1.1 %		0.0		0.1 %		0.2		1.3 %		0.3		3.5 %
Segment Total	18.2	100 %	17.8	100 %		37.0		100 %		14.9		100 %		8.5		100 %
Intercompany Eliminations	-5.0	-27.7 %	-4.7	-26.4 %		-5.1		-13.9 %		-4.2		-28.4 %		-3.3		-38.5 %
Consolidated Total	13.1	72.3 %	13.1	73.6 %		31.8		86.1 %		10.7		71.6 %		5.3		61.5 %
Exchange Rate: JPY to USD	77.752043		81.605269			82.241044				82.567473				85.838925

Operating Margin (%)
	30-Sep-11		30-Jun-11		31-Mar-11		31-Dec-10		30-Sep-10
Cast Area	7.5	-	10.5	-	13.5	-	6.5	-	9.6	-
Surface Treatment Area (new)	10.7	-	11.0	-	17.1	-	13.3	-	6.5	-
Environment Related Area	-2.5	-	-6.3	-	5.8	-	-13.9	-	-4.0	-
Convey Area	7.8	-	-6.0	-	7.6	-	5.0	-	-3.0	-
Mechatronics Area	-2.0	-	-5.9	-	3.4	-	-16.2	-	-10.3	-
Other	6.3	-	3.2	-	0.4	-	3.5	-	5.1	-
Segment Total	6.8	-	7.1	-	12.8	-	6.4	-	4.4	-
Intercompany Eliminations	49.7	-	62.5	-	64.1	-	70.9	-	45.5	-
Consolidated Total	5.1	-	5.4	-	11.3	-	4.7	-	2.8	-

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.40
UK Pound	1	Rs.83.32
Euro	1	Rs.70.44

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

MIRA INFORM REPORT

Corporate Overview

Financial Data

Corporate Structure News

Executives Report

Geographic Segments

Unit