MIRA INFORM REPORT

Report Date :

21.09.2011

IDENTIFICATION DETAILS

Name :	TOKAI RIKA CO., LTD.

Registered Office :	3-260 Toyoda, Oguchi-chou, Niwa-gun, 480-0195

Country :	Japan

Financials (as on) :	31.03.2011

Date of Incorporation :	30.081948

Legal Form :	Public Parent Company

Line of Business :	manufacture and sale of automobile parts

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	Usually Correct

Litigation :	Clear

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 – March 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Japan

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

Bottom of Form

Company name & address

TOKAI RIKA CO., LTD.

3-260 Toyoda

Oguchi-chou

Niwa-gun, 480-0195

Japan

Tel: 81-587-955211

Fax: 81 (587) 95-1917

Synthesis

Employees: 15,110

Company Type: Public Parent

Corporate Family: 91 Companies

Traded: Tokyo Stock Exchange: 6995

Incorporation Date: 30-Aug-1948

Auditor: Deloitte & Touche LLP

Financials in: USD (Millions)

Fiscal Year End: 31-Mar-2011

Reporting Currency: Japanese Yen

Annual Sales: 3,823.3

¹Net Income: 61.1

Total Assets: 3,133.4

Market Value: 1,638.7

(02-Sep-2011)

Business Description

TOKAI RIKA CO., LTD. is mainly engaged in the manufacture and sale of automobile parts. The Company provides automobile field products including switches, seatbelts, key locks, shift levers, automobile mirrors, steering wheels and decorations, as well as non-vehicle field products including entrance immobilizers, window lock monitoring systems and others. As of March 31, 2011, the Company has 27 subsidiaries and seven associated companies. For the three months ended 30 June 2011, Tokai Rika Co., Ltd.'s revenues decreased 33% to Y56.32B. Net loss increased 29% to Y1.24B. Revenues reflect decreased sales volume due to unfavorable economic environment. The company's net loss was partially offset t by the absence of losses on foreign exchange and loss on adjustment for assets accounting changes as well as the increased interest income and dividends income.

Industry

Industry	Auto and Truck Parts
ANZSIC 2006:	231 - Motor Vehicle and Motor Vehicle Part Manufacturing
NACE 2002:	3410 - Manufacture of motor vehicles
NAICS 2002:	33633 - Motor Vehicle Steering and Suspension Components (except Spring) Manufacturing
UK SIC 2003:	3410 - Manufacture of motor vehicles
US SIC 1987:	3714 - Motor Vehicle Parts and Accessories

Key Executives

Name	Title
Yuzo Ushiyama	President, Executive Presiden, Chairman of Sub, Representative Director
Kiyoshi Tsunekawa	Vice President, Executive Vice President, Director of Security Business, Representative Director
Shigeru Kato	Vice President, Executive Vice President, Manager of Technical Development Center, Representative Director
Koji Buma	Executive Officer, Deputy Director of Business in Safety Business Unit, Toyota Plant Manager
Takafumi Mizuno	Co-Senior Managing Director

Significant Developments

Topic	#*	Most Recent Headline	Date
Negative Earnings Pre-Announcement	1	Tokai Rika Co., Ltd. Amends Consolidated Full-year Forecast; Announces Payment of Mid-year Dividend for FY 2011	28-Oct-2010
Other Pre-Announcement	2	Tokai Rika Co., Ltd. Announces Consolidated Mid-year and Full-year Outlook for FY 2012; Amends Mid-year and Year-end Dividend Forecast for FY 2012	1-Aug-2011
Dividends	1	Tokai Rika Co., Ltd. to Issue Year-end Dividend for FY 2011	27-Apr-2011

* number of significant developments within the last 12 months

News

Title	Date
Tokai Rika 1Q Grp Net Loss Y1.24B Vs Y963.00M Loss Yr Earlier Nikkei English News (63 Words)	1-Aug-2011
Tokai Rika Expects This FY Group Net Profit Y7.50B Nikkei English News (62 Words)	1-Aug-2011
Tokai Rika Expects 1H Group Net Profit Break-Even Nikkei English News (44 Words)	1-Aug-2011
Tokai Rika Expects FY Group Net Profit Y7.50B Nikkei English News (43 Words)	1-Aug-2011
Seven suppliers face antimonopoly probe Automotive World (158 Words)	20-Jul-2011

Financial summary

As of 30-Jun-2011

Key Ratios	Company	Industry
Current Ratio (MRQ)	2.07	1.97
Quick Ratio (MRQ)	1.76	1.25
Debt to Equity (MRQ)	0.09	0.52
Sales 5 Year Growth	-2.05	-0.73
Net Profit Margin (TTM) %	1.85	5.15
Return on Assets (TTM) %	2.14	7.12
Return on Equity (TTM) %	3.21	22.22

Stock Snapshot

Traded: Tokyo Stock Exchange: 6995

As of 2-Sep-2011

Financials in: JPY

Recent Price	1,335.00	EPS	170.02
52 Week High	1,687.00	Price/Sales	0.38
52 Week Low	1,034.00	Dividend Rate	30.00
Avg. Volume (mil)	0.25	Price/Earnings	28.23
Market Value (mil)	125,802.60	Price/Book	0.77
		Beta	1.31

	Price % Change	Rel S&P 500%
4 Week	-7.23%	-3.48%
13 Week	-8.75%	-3.20%
52 Week	-3.61%	2.61%
Year to Date	-13.03%	1.54%

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
3-260 Toyoda
Oguchi-chou
Niwa-gun, 480-0195
Japan

Tel:	81-587-955211
Fax:	81 (587) 95-1917

http://www.tokai-rika.co.jp/

Quote Symbol - Exchange
6995 - Tokyo Stock Exchange

Sales JPY(mil):	327,622.0
Assets JPY(mil):	259,697.0
Employees:	15,110
Fiscal Year End:	31-Mar-2011


Industry:	Auto and Truck Parts

Incorporation Date:	30-Aug-1948
Company Type:	Public Parent
Quoted Status:	Quoted


President, Executive Presiden, Chairman of Sub, Representative Director:	Yuzo Ushiyama

Company Web Links

Corporate History/Profile

Financial Information

Contents

Key Corporate Relationships

Industry Codes

ANZSIC 2006 Codes:
1334	-	Textile Finishing and Other Textile Product Manufacturing
231	-	Motor Vehicle and Motor Vehicle Part Manufacturing
2439	-	Other Electrical Equipment Manufacturing

NACE 2002 Codes:
3120	-	Manufacture of electricity distribution and control apparatus
3410	-	Manufacture of motor vehicles
1754	-	Manufacture of other textiles not elsewhere classified

NAICS 2002 Codes:
315999	-	Other Apparel Accessories and Other Apparel Manufacturing
33633	-	Motor Vehicle Steering and Suspension Components (except Spring) Manufacturing
335314	-	Relay and Industrial Control Manufacturing

US SIC 1987:
2396	-	Automotive Trimmings, Apparel Findings, and Related Products
3714	-	Motor Vehicle Parts and Accessories
3625	-	Relays and Industrial Controls

UK SIC 2003:
1754	-	Manufacture of other textiles not elsewhere classified
3410	-	Manufacture of motor vehicles
3120	-	Manufacture of electricity distribution and control apparatus

Business Description

More Business Descriptions

Manufacture of vehicle parts: switches, keys, locks, seat belts

Other Motor Vehicle Parts Manufacturing

Financial Data

Financials in:	JPY(mil)

Revenue:	327,622.0
Net Income:	5,236.0
Assets:	259,697.0
Long Term Debt:	8,020.0
Total Liabilities:	102,370.0
Working Capital:	45.9

Date of Financial Data:	31-Mar-2011

1 Year Growth

-1.0%

-58.5%

-3.7%

Market Data

Quote Symbol:	6995
Exchange:	Tokyo Stock Exchange
Currency:	JPY
Stock Price:	1,335.0
Stock Price Date:	09-02-2011
52 Week Price Change %:	-3.6
Market Value (mil):	125,802,600.0

SEDOL:	6894025
ISIN:	JP3566600007

Equity and Dept Distribution:
FY'99-'02 all WAS were estimated. FY'04-'06 1&3Q WAS & O/S were estimated. FY'08 Q3 BWAS & DWAS estimated and BWAS used as O/S. FY'08 Q1&Q3 DWAS were estimated, FY'08 Q1&Q3 WAS=O/S. FY'09 Q1 reported EPS=Y54.42.

Subsidiaries

Company	Percentage Owned	Country
TRAM Inc		USA
Ena Tokai Rika Co Ltd		JAPAN
Tianjin Tokairika Automotive Parts Co Ltd		PEOPLE'S REPUBLIC OF CHINA
Foshan Tokairika Automotive Parts Co Ltd		PEOPLE'S REPUBLIC OF CHINA
Tokai Rika (Thailand) Co Ltd		THAILAND
Tokai Rika Belgium NV		BELGIUM
Tokai Rika Electec Co Ltd		JAPAN
Tokai Rika Service Co Ltd		JAPAN

Shareholders

Major Shareholders

Toyota Motor Corporation (31.16%); Denso Corporation (9.38%); Japan Trustee Services Bank (9.16%); The Master Trust Bank of Japan Ltd (5.01%)

Key Corporate Relationships

Auditor:	Deloitte & Touche LLP

Auditor:	Deloitte & Touche LLP

Corporate Family	Corporate Structure News:
Total Corporate Family Members: 91 Excluded Small Branches and/or Trading Addresses: 1 (Available via export)

Company Name	Company Type	Location	Country	Industry	Sales (USD mil)	Employees
TOKAI RIKA CO., LTD.	Parent	Niwa-gun	Japan	Auto and Truck Parts	3,823.3	15,110
NSK Ltd.	Subsidiary	Shinagawa-ku	Japan	Auto and Truck Parts	8,290.6	26,334
Nsk Europe Ltd.	Subsidiary	Maidenhead	United Kingdom	Commercial Banks	1,079.7	2,842
NSK Bearings Polska S.A.	Subsidiary	Kielce	Poland	Miscellaneous Fabricated Products	161.6	1,349
Nsk Bearings Europe Ltd.	Subsidiary	Maidenhead	United Kingdom	Miscellaneous Fabricated Products	173.2	455
Nsk Bearings Ltd.	Subsidiary	Peterlee	United Kingdom	Nonclassifiable Industries		400
NSK Steering Systems Europe (Polska) Sp. z.o.o.	Subsidiary	Walbrzych	Poland	Auto and Truck Parts		300
NSK Deutschland GmbH	Subsidiary	Ratingen	Germany	Auto and Truck Parts	308.4	175
Nsk France Sas	Subsidiary	Guyancourt	France	Miscellaneous Fabricated Products	313.0	74
Nsk European Distribution Centre B.V.	Subsidiary	Tilburg, Noord-Brabant	Netherlands	Construction and Agriculture Machinery	20.7	69
NSK South Africa (Pty) Ltd	Subsidiary	Kelvin	South Africa	Miscellaneous Fabricated Products	8.0	50
Nsk Italia SpA	Subsidiary	Garbagnate Milanese, MI	Italy	Auto and Truck Parts	75.7	48
Nsk UK Ltd.	Subsidiary	Maidenhead	United Kingdom	Miscellaneous Capital Goods	210.5	43
Nsk Spain Sa	Subsidiary	Barcelona	Spain	Miscellaneous Fabricated Products	48.3	21
Nsk Precision UK Ltd.	Subsidiary	Maidenhead	United Kingdom	Miscellaneous Fabricated Products	3.5	14
NSK Europa Holding GmbH	Subsidiary	Ratingen, Nordrhein-Westfalen	Germany	Commercial Banks		2
NSK Precision Europe GmbH	Subsidiary	Ratingen	Germany	Miscellaneous Fabricated Products
NSK Rulmanlari Orta Dogu Tic Ltd STI	Subsidiary	Istanbul	Turkey	Miscellaneous Fabricated Products
Nsk Pension Trustee Ltd.	Subsidiary	York	United Kingdom	Business Services
Rhp Bearings Europe Ltd.	Subsidiary	Maidenhead	United Kingdom	Commercial Banks
Nsk Steering Systems Europe (Uk) Ltd.	Subsidiary	Maidenhead	United Kingdom	Nonclassifiable Industries
NSK Steering Systems Dongguan	Subsidiary	Dongguan	China	Auto and Truck Parts
NSK Polska Sp. z o.o.	Subsidiary	Kielce	Poland	Miscellaneous Fabricated Products
NSK Rulmanlari Orta Dogu Tic. Ltd.	Subsidiary	Istanbul	Turkey	Miscellaneous Capital Goods
NSK Micro Precision Co Ltd	Subsidiary	Tokyo	Japan	Miscellaneous Fabricated Products	1.0	2,300
Amatsuji Steel Ball Manufacturing Co Ltd	Subsidiary	Kadoma, Osaka Pref	Japan	Miscellaneous Fabricated Products	239.9	1,364
AKS Precision Ball (Hangzhou)	Subsidiary	Hangzhou	China	Miscellaneous Fabricated Products
AKS Precision Ball Indonesia PT.	Subsidiary	Bekasi	Indonesia	Miscellaneous Fabricated Products
AKS Precision Ball Polska Sp. z o.o.	Subsidiary	Zarow	Poland	Miscellaneous Fabricated Products
NSK Needle Bearing Ltd	Subsidiary	Takasaki, Gunma Pref	Japan	Miscellaneous Fabricated Products		1,295
NSK-Warner KK	Joint Venture	Shizuoka	Japan	Auto and Truck Parts	554.4	1,004
NSK Korea Co Ltd	Subsidiary	Changwon-si, Gyeongsangnam-do	Korea, Republic of	Miscellaneous Fabricated Products	168.0	440
NSK Bearings Manufacturing Indonesia, PT	Subsidiary	Bekasi	Indonesia	Miscellaneous Fabricated Products	60.0	400
NSK Korea Co., Ltd.	Subsidiary	Seoul	Korea, Republic of	Auto and Truck Parts	38.4	370
NSK Human Resource Services Limited	Subsidiary	Tokyo	Japan	Business Services	1.0	200
Neuweg Fertigung GmbH	Subsidiary	Munderkingen	Germany	Miscellaneous Fabricated Products		170
Nsk Steering Systems Europe Ltd.	Subsidiary	Peterlee	United Kingdom	Miscellaneous Fabricated Products	40.0	135
NSK Corp	Subsidiary	Ann Arbor, MI	United States	Auto and Truck Parts	317.0	120
Nsk Brasil Ltda	Subsidiary	Sao Paulo, Sao Paulo	Brazil	Auto and Truck Parts		820
NSK Canada Inc	Subsidiary	Mississauga, ON	Canada	Miscellaneous Fabricated Products	55.1	70
NSK Argentina, S.R.L.	Subsidiary	Buenos Aires	Argentina	Miscellaneous Fabricated Products		10
NSK Bearings (Thailand) Co Ltd	Joint Venture	Bangkok, Bangkok	Thailand	Miscellaneous Capital Goods	30.0	100
NSK Bearings (Malaysia) Sdn Bhd	Subsidiary	Shah Alam, Selangor	Malaysia	Miscellaneous Capital Goods	18.0	100
NSK Kyushu Co Ltd	Subsidiary	Fukuoka	Japan	Miscellaneous Fabricated Products	1.0	100
Taiwan NSK Precision Co Ltd	Subsidiary	Taipei	Taiwan	Miscellaneous Capital Goods	1.0	100
Aks Precision Ball Europe Ltd.	Subsidiary	Peterlee	United Kingdom	Miscellaneous Fabricated Products	18.0	85
NSK Network & Systems Company Ltd.	Subsidiary	Tokyo	Japan	Computer Hardware	1.0	80
NSK Bearings Manufacturing Indonesia	Subsidiary	Bekasi	Indonesia	Auto and Truck Parts	1.0	75
NSK Australia Pty Ltd	Subsidiary	Scoresby, VIC	Australia	Miscellaneous Fabricated Products	30.4	60
NSK Australia (Pty) Ltd	Branch	Parramatta, NSW	Australia	Auto and Truck Parts	1.0	10
NSK New Zealand Ltd	Subsidiary	Auckland	New Zealand	Miscellaneous Fabricated Products		10
NSK Australia Pty. Ltd.	Branch	Coopers Plains, QLD	Australia	Miscellaneous Fabricated Products	1.0	6
Shinwa Seiko Company Limited	Subsidiary	Kawasaki	Japan	Miscellaneous Fabricated Products	1.0	45
Nsk Bearings (Malaysia) Sdn Bhd	Subsidiary	Petaling Jaya, Selangor	Malaysia	Miscellaneous Capital Goods	32.1	40
NSK Micro Precision (M) Sdn Bhd	Subsidiary	Balakong, Selangor	Malaysia	Miscellaneous Fabricated Products	42.8	400
Isc Micro Precision Sdn Bhd	Subsidiary	Sri Kembangan, Selangor	Malaysia	Miscellaneous Fabricated Products	42.5	208
NSK Singapore (Pte) Ltd	Subsidiary	Singapore	Singapore	Miscellaneous Capital Goods	84.3	35
NSK International (Singapore) Pte LTD	Subsidiary	Singapore	Singapore	Miscellaneous Fabricated Products	182.6	27
Nsk Ltd	Subsidiary	Seoul, Seoul	Korea, Republic of	Miscellaneous Capital Goods		12
NSK Needle Bearing Ltd.	Subsidiary	Takasaki	Japan	Miscellaneous Fabricated Products	398.7
NSK Steering Systems Co Ltd	Subsidiary	Maebashi, Gunma Pref	Japan	Auto and Truck Parts
NSK Indonesia, P.T.	Subsidiary	Jakarta	Indonesia	Miscellaneous Capital Goods
Nsk Ltd.	Branch	Croydon	United Kingdom	Retail (Drugs)
NSK Machinery Co Ltd	Subsidiary	Saitama	Japan	Miscellaneous Capital Goods
NSK Asia Pacific Technology Centre	Subsidiary	Mueang Chonburi	Thailand	Biotechnology and Drugs
NSK China Technology Centre	Subsidiary	Jiangsu	China	Miscellaneous Capital Goods
Nsk Bearings Mfg (Thailand) Co Ltd	Subsidiary	Muang, Chonburi	Thailand	Miscellaneous Fabricated Products
NSK Peru S.A.C.	Subsidiary	Lima	Peru	Miscellaneous Fabricated Products
Taiwan NSK Technology Co., Ltd.	Subsidiary	Taipei City	Taiwan	Miscellaneous Fabricated Products
Siam NSK Steering Systems Co Ltd	Subsidiary	Chachoengsao	Thailand	Auto and Truck Parts
NSK (Shanghai) Trading Co Ltd	Subsidiary	Shanghai, Shanghai	China	Miscellaneous Capital Goods
NSK Rodamientos Mexicana, S.A.	Subsidiary	Tlalnepantla de Baz	Mexico	Miscellaneous Fabricated Products
NSK (China) Investment Co., Ltd.	Subsidiary	Kunshan	China	Miscellaneous Financial Services
NSK Hong Kong Ltd	Subsidiary	Kowloon	Hong Kong	Miscellaneous Fabricated Products	1.0
Kunshan NSK Co Ltd	Subsidiary	Kunshan, Jiangsu Province	China	Miscellaneous Fabricated Products
NSK (China) Research & Development	Subsidiary	Kunshan	China	Biotechnology and Drugs
NSK (Shanghai) Trading Co., Ltd.	Subsidiary	Kunshan	China	Miscellaneous Capital Goods
NSK China Sales Co., Ltd.	Subsidiary	Kunshan	China	Miscellaneous Capital Goods
NSK-Wanda Electric Power Assisted	Subsidiary	Hangzhou	China	Auto and Truck Parts
NSK-Yagi Precision Forging	Subsidiary	Zhangjiagang	China	Miscellaneous Fabricated Products
Changshu NSK Needle Bearing Co., Ltd	Subsidiary	Changshu	China	Miscellaneous Capital Goods
Shenyang NSK Precision Co., Ltd.	Subsidiary	Shenyang	China	Miscellaneous Fabricated Products
Suzhou NSK Bearing Co., Ltd.	Subsidiary	Suzhou	China	Miscellaneous Fabricated Products
Zhangjiagang NSK Precision Machinery	Subsidiary	Zhangjiagang	China	Miscellaneous Fabricated Products
NSK India Sales Co. Pvt. Ltd.	Subsidiary	Chennai	India	Miscellaneous Capital Goods
NSK-ABC Bearing Ltd.	Subsidiary	Sriperumbudur	India	Miscellaneous Fabricated Products
NSK Precision Co., Ltd.	Subsidiary	Maebashi-shi	Japan	Miscellaneous Fabricated Products
NSK Vietnam Co., Ltd.	Subsidiary	Hanoi	Viet Nam	Miscellaneous Fabricated Products
Tokai Rika (Thailand) Co Ltd	Subsidiary	Pluak Daeng, Rayong	Thailand	Electronic Instruments and Controls		180
Quality Safety Systems Company	Subsidiary	Tecumseh, ON	Canada	Auto and Truck Parts		40

Executive report

Board of Directors

Name

Title

Function

Kiyoshi Kinoshita

Chairman of the Board, Chairman of the Executive Board, Representative Director

Chairman

Reuters Biography (TOKAI RIKA CO., LTD.)

Mr. Kiyoshi Kinoshita has been serving as Chairman of the Board, Chairman of the Executive Board and Representative Director in TOKAI RIKA CO., LTD., since June 15, 2011. His previous titles include Vice President and President in the Company. He used to work for Toyota Motor Corporation.

B Economics, Kyoto University

Makoto Goto

Senior Managing Director, Senior Managing Executive Officer, Manager of Production Technology Center

Director/Board Member

Reuters Biography (TOKAI RIKA CO., LTD.)

Mr. Makoto Goto has been serving as Senior Managing Director, Senior Managing Executive Officer and Manager of Production Technology Center in TOKAI RIKA CO., LTD. since June 15, 2011. He joined the Company in April 1972. He used to serve as Managing Director, Director of Switch Business and Headquarters Plant Manager of the Company, as well as President and Director in a subsidiary, TRMI, Inc.

Tadanao Hamamoto

Managing Director, Managing Executive Officer, Director of Security Business

Director/Board Member

Reuters Biography (TOKAI RIKA CO., LTD.)

Mr. Tadanao Hamamoto has been serving as Managing Director, Managing Executive Officer and Director of Security Business in TOKAI RIKA CO., LTD. since June 15, 2011. He joined the Company in April 1976. He used to serve as Director of Electronics Technology in Electronics Equipment Business Unit, Deputy Director of Business in Security Business Unit and Director in the Company.

Mineo Hattori

Managing Director, Managing Executive Officer

Director/Board Member

Reuters Biography (TOKAI RIKA CO., LTD.)

Mr. Mineo Hattori has been serving as Managing Director and Managing Executive Officer in TOKAI RIKA CO., LTD. since June 15, 2011. He joined the Company in April 1974. He used to serve as Director of International Business and Director of the Company.

Yoshiaki Hirai

Director

Director/Board Member

Hitoshi Hirano

Managing Director, Managing Executive Officer, President of Subsidiary

Director/Board Member

Reuters Biography (TOKAI RIKA CO., LTD.)

Mr. Hitoshi Hirano has been serving as Managing Director and Managing Executive Officer in TOKAI RIKA., LTD., as well as President in a subsidiary, since June 15, 2011. He joined the Company in April 1977. He used to serve as Director of 1st Sales and Director in the Company.

Shoji Ishida

Senior Managing Director, Senior Managing Executive Officer, Director of Switch Business

Director/Board Member

Reuters Biography (TOKAI RIKA CO., LTD.)

Mr. Shoji Ishida has been serving as Senior Managing Director, Senior Managing Executive Officer and Director of Switch Business in TOKAI RIKA CO., LTD. since June 15, 2011. He joined the Company in April 1975. His previous titles include Deputy Director of Switch Technology in Switch Business Unit and Director of the Company.

Hitoshi Iwata

Senior Managing Director, Senior Managing Executive Officer, Director of Electronics Equipment Business

Director/Board Member

Reuters Biography (TOKAI RIKA CO., LTD.)

Mr. Hitoshi Iwata has been serving as Senior Managing Director, Senior Managing Executive Officer and Director of Electronics Equipment Business in TOKAI RIKA CO., LTD. since June 15, 2011. He joined the Company in April 1975. His previous titles include Director of IC in Electronics Equipment Business Unit, Director and Managing Director in the Company. He used to serve as President in a subsidiary TRCZ Inc.

ME , Nagoya University

Shigeru Kato

Vice President, Executive Vice President, Manager of Technical Development Center, Representative Director

Director/Board Member

Reuters Biography (TOKAI RIKA CO., LTD.)

Mr. Shigeru Kato has been serving as Vice President, Executive Vice President, Manager of Technical Development Center and Representative Director in TOKAI RIKA CO., LTD. since June 15, 2011. He joined the Company in November 1976. His previous titles include Director of Research and Development, Managing Director and Senior Managing Director in the Company.

Kenji Kawaguchi

Managing Director, Managing Executive Officer

Director/Board Member

Reuters Biography (TOKAI RIKA CO., LTD.)

Mr. Kenji Kawaguchi has been serving as Managing Director and Managing Executive Officer in TOKAI RIKA CO., LTD. since June 15, 2011. He joined the Company in April 1976. He previously served as Director of Human Resources and Director of the Company.

Kenichi Kinoshita

Vice President

Director/Board Member

Ikuzou Kojima

Director

Director/Board Member

Mikihiro Mori

Managing Director, Managing Executive Officer, President of Subsidiary

Director/Board Member

Reuters Biography (TOKAI RIKA CO., LTD.)

Mr. Mikihiro Mori has been serving as Managing Director and Managing Executive Officer in TOKAI RIKA CO., LTD., as well as President and Director in a subsidiary since June 15, 2011. He used to work for Toyota Motor Corporation and Toyota Motor Sales USA, Inc.

Hiroyuki Nakamura

Managing Director, Managing Executive Officer, Assistant Manager of Production Technology Center

Director/Board Member

Reuters Biography (TOKAI RIKA CO., LTD.)

Mr. Hiroyuki Nakamura has been serving as Managing Director, Managing Executive Officer and Assistant Manager of Production Technology Center in TOKAI RIKA CO., LTD. since June 15, 2011. He joined the Company April 1978. His previous title was Director of Production Technical Development.

Shinji Shirasaki

Independent Director

Director/Board Member

Reuters Biography (TOKAI RIKA CO., LTD.)

Mr. Shinji Shirasaki has been serving as Independent Director in TOKAI RIKA CO.,LTD. since June 2011. He is also serving as Senior Managing Director in DENSO CORPORATION.

Masaharu Tanino

Managing Director, Managing Executive Officer, Manager of Quality Assurance Center

Director/Board Member

Reuters Biography (TOKAI RIKA CO., LTD.)

Mr. Masaharu Tanino has been serving as Managing Director, Managing Executive Officer and Manager of Quality Assurance Center in TOKAI RIKA CO., LTD. since June 15, 2011. His previous titles include Deputy Director of Switch Business and Assistant Manager of Quality Assurance Center. He used to work for TOYOTA MOTOR CORPORATION.

Takaoki Tsuchiya

Vice President

Director/Board Member

Kiyoshi Tsunekawa

Vice President, Executive Vice President, Director of Security Business, Representative Director

Director/Board Member

Reuters Biography (TOKAI RIKA CO., LTD.)

Mr. Kiyoshi Tsunekawa has been serving as Vice President, Executive Vice President, Director of Security Business and Representative Director in TOKAI RIKA CO., LTD. since June 15, 2011. He joined the Company in April 1972. His previous titles include Senior Managing Director, Deputy Director of Part Production Technology, Manager of Production Technology Center and Managing Director and in the Company.

B Science, Shinshu University

Yuzo Ushiyama

President, Executive Presiden, Chairman of Sub, Representative Director

Director/Board Member

Reuters Biography (TOKAI RIKA CO., LTD.)

Mr. Yuzo Ushiyama has been serving as President, Executive President and Representative Director in TOKAI RIKA CO., LTD., as well as Chairman of the Board in a subsidiary, since June 15, 2011. He previously served as Vice President and Manager of Overseas Business Center of the Company. He used to work for TOYOTA MOTOR CORPORATION. He obtained his Bachelor Degree in Economics in Keio University in March 1974.

B Economics, Keio University

Tadashi Wakiya

Managing Director, Managing Executive Officer, Deputy Director of Electronics Equipment Business

Director/Board Member

Reuters Biography (TOKAI RIKA CO., LTD.)

Mr. Tadashi Wakiya has been serving as Managing Director, Managing Executive Officer and Deputy Director of Electronics Equipment Business in TOKAI RIKA CO., LTD. since June 15, 2011. He joined the Company in April 1979. He previously served as Manager of Smart System Design Office in Electronics Technology Unit of Electronics Equipment Business Unit in the Company.

Yutaka Yamauchi

Director

Director/Board Member

Executives

Name

Title

Function

Takafumi Mizuno

Co-Senior Managing Director

Chief Executive Officer

Yoshiteru Sasaki

Co-Senior Managing Director

Chief Executive Officer

Yuzo Ushiyama

President, Executive Presiden, Chairman of Sub, Representative Director

President

Reuters Biography (TOKAI RIKA CO., LTD.)

B Economics, Keio University

Makoto Goto

Senior Managing Director, Senior Managing Executive Officer, Manager of Production Technology Center

Managing Director

Reuters Biography (TOKAI RIKA CO., LTD.)

Tadanao Hamamoto

Managing Director, Managing Executive Officer, Director of Security Business

Managing Director

Reuters Biography (TOKAI RIKA CO., LTD.)

Mineo Hattori

Managing Director, Managing Executive Officer

Managing Director

Reuters Biography (TOKAI RIKA CO., LTD.)

Hitoshi Hirano

Managing Director, Managing Executive Officer, President of Subsidiary

Managing Director

Reuters Biography (TOKAI RIKA CO., LTD.)

Shoji Ishida

Senior Managing Director, Senior Managing Executive Officer, Director of Switch Business

Managing Director

Reuters Biography (TOKAI RIKA CO., LTD.)

Hitoshi Iwata

Senior Managing Director, Senior Managing Executive Officer, Director of Electronics Equipment Business

Managing Director

Reuters Biography (TOKAI RIKA CO., LTD.)

ME , Nagoya University

Kenji Kawaguchi

Managing Director, Managing Executive Officer

Managing Director

Reuters Biography (TOKAI RIKA CO., LTD.)

Takashi Kawaharazaki

Co-Managing Director

Managing Director

Mikihiro Mori

Managing Director, Managing Executive Officer, President of Subsidiary

Managing Director

Reuters Biography (TOKAI RIKA CO., LTD.)

Hiroyuki Nakamura

Managing Director, Managing Executive Officer, Assistant Manager of Production Technology Center

Managing Director

Reuters Biography (TOKAI RIKA CO., LTD.)

Masaharu Tanino

Managing Director, Managing Executive Officer, Manager of Quality Assurance Center

Managing Director

Reuters Biography (TOKAI RIKA CO., LTD.)

Tadashi Wakiya

Managing Director, Managing Executive Officer, Deputy Director of Electronics Equipment Business

Managing Director

Reuters Biography (TOKAI RIKA CO., LTD.)

Kiyoshi Tsunekawa

Vice President, Executive Vice President, Director of Security Business, Representative Director

Security

Reuters Biography (TOKAI RIKA CO., LTD.)

B Science, Shinshu University

Yasuhiko Ichihashi

Co-Auditor

Finance Executive

Kazuhisa Kubota

Co-Auditor

Finance Executive

Hiroshi Nishio

Co-Auditor

Finance Executive

Yoshio Uesaka

Co-Auditor

Finance Executive

Mitsuhisa Kato

Corporate Auditor

Accounting Executive

Shigeru Kato

Vice President, Executive Vice President, Manager of Technical Development Center, Representative Director

Engineering/Technical Executive

Reuters Biography (TOKAI RIKA CO., LTD.)

Koji Buma

Executive Officer, Deputy Director of Business in Safety Business Unit, Toyota Plant Manager

Other

Reuters Biography (TOKAI RIKA CO., LTD.)

Mr. Koji Buma has been serving as Executive Officer, Deputy Director of Business in Safety Business Unit and Toyota Plant Manager in TOKAI RIKA CO., LTD. since June 15, 2011. He joined the Company in April 1980. He previously served as Director of Security 1st Production in Security Business Unit and Director in the Company. He used to work for a Thailand-based company.

Masakazu Goto

Executive Officer

Other

Mikio Kato

Executive Officer

Other

Masaki Matsuyama

Executive Officer

Other

Kazuhiko Noguchi

Executive Officer

Other

Yoshihiro Ohbayashi

Executive Officer, Deputy Director of Security Business, Otowa Plant Manager, Hagi Plant Manager

Other

Reuters Biography (TOKAI RIKA CO., LTD.)

Mr. Yoshihiro Ohbayashi has been serving as Executive Officer, Deputy Director of Security Business, Otowa Plant Manager and Hagi Plant Manager in TOKAI RIKA CO., LTD. since June 15, 2011. He joined the Company in April 1978. He used to serve as Director of 1st Security Production in Security Business Unit and Director in the Company. He used to serve as President and Director in a subsidiary.

Koki Sato

Executive Officer, Deputy Director of Safety Business, Director of Safety Technology

Other

Reuters Biography (TOKAI RIKA CO., LTD.)

Mr. Koki Sato has been serving as Executive Officer, Deputy Director of Safety Business and Director of Safety Technology in TOKAI RIKA CO., LTD. since June 15, 2011. He joined the Company in April 1982. He previously served as Vice President of a subsidiary.

Yoshihiro Tanaka

Executive Officer

Other

Significant Developments

Tokai Rika Co., Ltd. Announces Consolidated Mid-year and Full-year Outlook for FY 2012; Amends Mid-year and Year-end Dividend Forecast for FY 2012

Aug 01, 2011

Tokai Rika Co., Ltd. announced the consolidated mid-year outlook for revenue at JPY 134,000 million, operating profit (loss) at JPY (800 million), ordinary profit at JPY 0, net profit at JPY 0 and earning per share at JPY 0 for the fiscal year ending March 31, 2012. The Company also announced the consolidated full-year outlook for revenue at JPY 314,000 million, operating profit at JPY 10,700 million, ordinary profit at JPY 11,900 million, net profit at JPY 7,500 million and earning per share at JPY 83.04 for the fiscal year ending March 31, 2012. The Company also amended the mid-year dividend forecast from an undetermined value to JPY 14.00 per share, and year-end dividend forecast from an undetermined value to JPY 16.00 per share, for the fiscal year ending March 31, 2012.

Tokai Rika Co., Ltd. to Issue Year-end Dividend for FY 2011

Apr 27, 2011

Tokai Rika Co., Ltd. announced that it has decided to issue a year-end dividend at JPY 14 per share, below the latest forecast of JPY 16 per share, disclosed on February 2, 2011, to all the shareholders of record as of March 31, 2011, effective June 16, 2011.

Tokai Rika Co., Ltd. Amends Consolidated Full-year Forecast; Announces Payment of Mid-year Dividend for FY 2011

Oct 28, 2010

Tokai Rika Co., Ltd. announced that it has lowered the consolidated full-year forecast for revenue from JPY 339,000 million to JPY 332,000 million, net profit from JPY 7,700 million to JPY 6,000 million and earning per share from JPY 85.25 to JPY 66.43, but raised the forecast for operating profit from JPY 19,500 million to JPY 21,600 million, ordinary profit from JPY 19,400 million to JPY 21,900 million for the fiscal year ending March 31, 2011. The Company has decided to pay a mid-year dividend of JPY 16.00 per share, in line with the last forecast, to all shareholders of record as of September 30, 2010, for the fiscal year ended March 31, 2011. The payment will be conducted on November 26, 2010. The Company has reaffirmed the year-end dividend forecast of JPY 16.00 per share for the fiscal year ended March 31, 2011.

Tokai Rika Co., Ltd. Expects Extraordinary Loss for Q2 of FY Ending March 2011

Oct 18, 2010

Tokai Rika Co., Ltd. announced that it has expected the extraordinary loss of JPY 6,510 million caused by reversal of allowance for product assurance, for the second quarter of the fiscal year ending March 2011.

Press clippings

Tokai Rika 1Q Grp Net Loss Y1.24B Vs Y963.00M Loss Yr Earlier

Nikkei English News: 01 August 2011
[What follows is the full text of the news story.]

Tokai Rika Co. (6995.TO)

Japan

1st Quarter Ended June 30

GROUP 2011 2010

Revenue Y56.32 blnY83.77 bln

Operating Profit (3.04) bln 5.77 bln

Pretax Profit (2.45) bln 5.52 bln

Net Profit (1.24) bln (963.00) mln

Per share

Earnings (13.72) (10.67)

Figures in parentheses are losses.

Results are based on Japanese accounting standards.

Tokai Rika Expects This FY Group Net Profit Y7.50B

Nikkei English News: 01 August 2011
[What follows is the full text of the news story.]

Tokai Rika Co. also released the following forecasts:

GROUP 1st Half To Year Ending

Sep 2011Mar 2012

Revenue Y134.00 blnY314.00 bln

Operating Profit (800.00) mln 10.70 bln

Pretax Profit 0 11.90 bln

Net Profit 0 7.50 bln

Per share

Earnings 0.00 83.04

Figures in parentheses are losses.

Results are based on Japanese accounting standards.

Tokai Rika Expects 1H Group Net Profit Break-Even

Nikkei English News: 01 August 2011
[What follows is the full text of the news story.]

Tokai Rika Co. (6995.TO)

GROUP Forecast

For 1H To Sep 2011

Revenue Y134.00 bln

Operating Profit (800.00) mln

Pretax Profit 0

Net Profit 0

Per share

Earnings 0.00

Figures in parentheses are losses.

Results are based on Japanese accounting standards.

Tokai Rika Expects FY Group Net Profit Y7.50B

Nikkei English News: 01 August 2011
[What follows is the full text of the news story.]

Tokai Rika Co. (6995.TO)

GROUP Forecast

For Year To Mar 2012

Revenue Y314.00 bln

Operating Profit 10.70 bln

Pretax Profit 11.90 bln

Net Profit 7.50 bln

Per share

Earnings 83.04

Results are based on Japanese accounting standards.

Seven suppliers face antimonopoly probe

Automotive World: 20 July 2011
[What follows is the full text of the news story.]

Denso has acknowledged that the company was investigated on 20 July 2011 by the Japan Fair Trade Commission regarding sales of certain automotive components. Locations investigated included the company's headquarters in Kariya, Aichi and some other sales branches in Japan.

The company has given no further details of the antimonopoly probe but has said it is cooperating fully with the investigations. A Denso spokesman is reported to have said the company does not know if the probe is linked to an antitrust investigation by the FBI into its US unit in February 2010. Tokai Rika and Yazaki Corp were also investigated at that time.

It is believed Denso is one of seven suppliers being investigated on suspicion of forming a price-fixing cartel with regard to the supply of radiators, windscreen wipers, alternators and starter motors. The seven are reported to include Mitsubishi Electric, Mitsuba Corp, Calsonic Kansei, T-RAD Co, Hitachi Automotive Systems, Asmo Co, as well as Denso.

Keyless Vehicle Access Control Systems - Global Strategic Business Report Profiles 74 Companies Including Many Niche Players and Provides Forecasts...
Research and Markets

Electronics Newsweekly: 22 June 2011
[What follows is the full text of the news story.]

Keyless Vehicle Access Control Systems - Global Strategic Business Report Profiles 74 Companies Including Many Niche Players and Provides Forecasts Up To 2017

Research and Markets (http://www.researchandmarkets.com/research/3efb89/keyless_vehicle_ac) has announced the addition of the "Keyless Vehicle Access Control Systems - Global Strategic Business Report" report to their offering.

This report analyzes the worldwide markets for Keyless Vehicle Access Control Systems in Thousand Units by the following product segments: Remote Keyless Entry Systems, and Passive Keyless Entry Systems. The report provides separate comprehensive analytics for North America, Europe, and Rest of World. Annual estimates and forecasts are provided for the period 2009 through 2017. Also, a six-year historic analysis is provided for these markets.

The report profiles 74 companies including many key and niche players such as Aisin Seiki, Alps Automotive, Inc., Alps Automotive, Inc., Atmel Corporation, Calsonic Kansei Corporation, Continental Automotive GmbH, Delphi Automotive LLP, Denso Corporation, Lear Corporation, Marquardt Switches, Inc., Mitsubishi Electric Group, Omron Automotive Electronics Co., Ltd., Panasonic Corporation of North America, Tokai Rika Co, Ltd., TRW Automotive Holdings Corp., and Valeo S.A. Market data and analytics are derived from primary and secondary research. Company profiles are mostly extracted from URL research and reported select online sources. Key Topics Covered: INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

INDUSTRY OVERVIEW

PRODUCT OVERVIEW

PRODUCT INTRODUCTION/LAUNCHES

RECENT INDUSTRY ACTIVITY

FOCUS ON SELECT GLOBAL PLAYERS

GLOBAL MARKET PERSPECTIVE

NORTH AMERICA

EUROPE

REST OF WORLD

For more information visit http://www.researchandmarkets.com/research/3efb89/keyless_vehicle_ac

Tokai Rika FY Grp Net Pft Y5.23B Vs Y12.60B Pft Yr Earlier

Nikkei English News: 27 April 2011
[What follows is the full text of the news story.]

Tokai Rika Co. (6995.TO)

Japan

Year Ended March 31

Group 2011 2010

Revenue Y327.62 blnY331.01 bln

Operating Profit 18.91 bln 18.03 bln

Pretax Profit 20.06 bln 20.37 bln

Net Profit 5.23 bln 12.60 bln

Per share

Earnings 57.95 139.54

Diluted earnings N/A 139.54

Results are based on Japanese accounting standards.

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=QbVsR%2BTjKK3CUhVBu%2F6dxg%3D%3D. You can use this link on the day this article is published and the following day.

Global Keyless Vehicle Access Control Systems Market to Reach 63.58 Million Units by 2017 According to New Report by Global Industry Analysts, Inc.

PR Web: 07 April 2011
[What follows is the full text of the news story.]

San Jose, California (Vocus/PRWEB) April 07, 2011

The automobile industry has been one of the worst hit industries by the recession, as the demand for cars witnessed hurting declines, exacerbating the already existing woes of excess production capacities. With vehicle sales nose-diving resulting in plant shutdowns, shockwaves that ripped through the automobile industry was faithfully transmitted to the auto parts and accessories sector. The trickle down impact of the depressing business climate in the automotive industry on the Keyless Vehicle Access Control systems market is reflected in notable declines in growth rates during 2008 and 2009.

Factors that have brought down the automotive industry, such as restricted access to credit, rising levels of unemployment, decline in purchasing power, reduction in household wealth, falling consumer confidence, and postponement of new car purchases, among others have also played instrumental roles in dragging down growth in the keyless vehicle access control systems segment of the auto industry. The fact that keyless vehicle access control systems, particularly passive keyless vehicle access control systems are a more predominant feature of high-end luxury cars than the mid-range segment, has made the market all the more vulnerable to the economic recession.

However, with the recession having played out its part in full proportions and the automotive industry emerging from the previous lows, the worst is now over for the keyless vehicle access control systems, as evident from the quick recovery in volume sales during 2010. Resurgence in growth fundamentals such as recovery in GDP growth, employment rates, incomes levels and discretionary incomes, and rise in consumer confidence, have helped drive increased demand for new cars, including high-end expensive cars in the recent years. Stimulus packages offered as a succor to the automotive industry have additionally resulted in increased vehicle production and scheduled development and roll out of new vehicle models, including alternative vehicles. All of these factors translate into increased business opportunities for keyless vehicle access control systems in the OEM segment. With companies waking up to the fact that undeterred focus on long-term plans is critical in warding off the impact of the economic slowdown, creative designs and technology specifications will continue to come to the market. Future gains in the automotive industry will be driven by innovation and performance in terms of fuel efficiency, reliability, lower emissions, and those packed with advanced technology features, such as keyless vehicle access control systems. With efforts to integrate keyless passive vehicle access control systems into mid-range cars high on the priority list of many a manufacturer, optimism prevails over future growth opportunities in the market.

As stated by the new market research report on Keyless Vehicle Access Control Systems, Europe continues to remain the largest regional market for Keyless Vehicle Access Control Systems. Growth in the European market will be primarily driven by regulatory riders such as the European Commission Vehicle Directive 74/61/EEC, which mandates use of equipment/systems that protect vehicles against theft, thus forcing OEM auto manufacturers in the region to incorporate keyless entry, in all new vehicles produced. Remote Keyless Vehicle Access Control systems market continues to remain the largest product segment in the global keyless vehicle access control systems market. Passive Keyless Vehicle Access Control systems market represents the fastest growing product segment, growing at a CAGR of more than 21.89% over the analysis period. Although currently still a niche technology used largely in high-end automobile models, passive keyless entry (PKE) is nevertheless poised for a period of strong growth, as the technology steadily makes its way towards the mainstream market.

Major players in the marketplace include Alps Automotive Inc., Atmel Corporation, Calsonic Kansei Corporation, Continental Automotive GmbH, Delphi Automotive LLP, Denso Corporation, Lear Corporation, Marquardt Switches Inc., Mitsubishi Electric Group, Omron Automotive Electronics Co. Ltd., Panasonic Corporation of North America, Tokai Rika Co Ltd., TRW Automotive Holdings Corp., Valeo S.A., among others.

The research report titled Keyless Vehicle Access Control Systems: A Global Strategic Business Report announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, and key strategic industry activities. Market estimates and projections are presented for major geographic markets including North America, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe) and Rest of World. Product segments analyzed include - Remote Keyless Vehicle Access Control systems and Passive Keyless Vehicle Access Control systems.

For more details about this comprehensive market research report, please visit
http://www.strategyr.com/Keyless_Vehicle_Access_Control_Systems_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the worlds largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
E-mail: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

Business Wire: 14 March 2011
[What follows is the full text of the news story.]

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/22831e/automotive_air_bag) has announced the addition of the "Automotive Air Bags - Global Strategic Business Report" report to their offering.

This report analyzes the worldwide markets for Automotive Air Bags in Thousands of Units by the following Product Segments: Front-Impact Driver Air Bags, Front-Impact Passenger Air Bags, Side-Impact Air Bags, and Other Automotive Air Bags. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World. Annual estimates and forecasts are provided for the period 2007 through 2015. Also, a seven-year historic analysis is provided for these markets.

The report profiles 25 companies including many key and niche players such as Autoliv, Denso Corporation, Key Safety Systems, Inc., Takata Corporation, Toyoda-Gosei Co., Ltd. and TRW Automotive Holdings Corp. Market data and analytics are derived from primary and secondary research. Company profiles are mostly extracted from URL research and reported select online sources.

Please note: Reports are sold as single-site single-user licenses. The delivery time for hard copies is between 3-5 business days, as each hard copy is custom printed for the organization ordering it. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks.

For more information visit http://www.researchandmarkets.com/research/22831e/automotive_air_bag

Key Topics Covered:

AUTOMOTIVE AIRBAGS
A GLOBAL STRATEGIC BUSINESS REPORT
INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS
MARKET OVERVIEW
INDUSTRY TRENDS & ISSUES
AIRBAG INDUSTRY - A HISTORIC REVIEW
PRODUCT OVERVIEW
PRODUCT LAUNCHES/INNOVATIONS
RECENT INDUSTRY ACTIVITY
FOCUS ON SELECT GLOBAL PLAYERS
GLOBAL MARKET PERSPECTIVE
THE UNITED STATES
CANADA
JAPAN
EUROPE
FRANCE
GERMANY
ITALY
THE UNITED KINGDOM
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
LATIN AMERICA
REST OF WORLD

COMPETITIVE LANDSCAPE

Total Companies Profiled: 25 (including Divisions/Subsidiaries - 39)

Region/Country:

The United States: 12
Japan: 7
Europe: 12
France: 1
Germany: 5
Italy: 1
Spain: 1
Rest of Europe: 4
Asia-Pacific (Excluding Japan): 7
Latin America: 1

Companies Mentioned:

Ashimori Industry Co., Ltd. (Japan)
Autoliv, Inc. (Sweden)
Delphi Corporation (USA)
Denso Corporation (Japan)
Key Safety Systems, Inc. (USA)
Takata Corporation (Japan)
Tokai Rika Co., Ltd. (Japan)
Toyoda Gosei Co., Ltd. (Japan)
TRW Automotive Holdings Corporation (USA)

Research and Markets
Laura Wood, Senior Manager,
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

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	Unqualified	Unqualified	Unqualified

Net Sales	3,823.3	3,561.5	3,357.9	3,849.4	3,464.4
Revenue	3,823.3	3,561.5	3,357.9	3,849.4	3,464.4
Total Revenue	3,823.3	3,561.5	3,357.9	3,849.4	3,464.4

Cost of Revenue	3,265.4	3,051.5	3,012.5	3,264.1	2,989.2
Cost of Revenue, Total	3,265.4	3,051.5	3,012.5	3,264.1	2,989.2
Gross Profit	557.8	510.1	345.4	585.3	475.1

Selling/General/Administrative Expense	208.3	198.5	214.2	179.7	154.1
Labor & Related Expense	128.9	117.6	123.1	113.6	98.1
Total Selling/General/Administrative Expenses	337.2	316.0	337.3	293.3	252.2
Impairment-Assets Held for Use	0.0	0.6	0.0	16.8	0.0
Impairment-Assets Held for Sale	-	0.0	1.2	1.4	0.0
Other Unusual Expense (Income)	147.6	-0.2	0.0	-0.1	0.0
Unusual Expense (Income)	147.6	0.4	1.2	18.1	0.0
Total Operating Expense	3,750.3	3,368.0	3,351.0	3,575.6	3,241.4

Operating Income	73.0	193.6	6.9	273.9	223.0

Interest Expense - Non-Operating	-3.3	-2.3	-3.9	-4.9	-3.4
Interest Expense, Net Non-Operating	-3.3	-2.3	-3.9	-4.9	-3.4
Interest Income - Non-Operating	5.9	4.6	7.3	6.3	3.5
Investment Income - Non-Operating	3.9	14.6	-7.0	9.3	10.4
Interest/Investment Income - Non-Operating	9.8	19.2	0.3	15.6	13.9
Interest Income (Expense) - Net Non-Operating Total	6.5	16.9	-3.6	10.7	10.5
Gain (Loss) on Sale of Assets	-	-	0.0	0.1	0.0
Other Non-Operating Income (Expense)	6.9	8.2	5.6	0.8	2.8
Other, Net	6.9	8.2	5.6	0.8	2.8
Income Before Tax	86.4	218.8	9.0	285.5	236.3

Total Income Tax	17.3	75.5	-9.0	89.1	77.4
Income After Tax	69.1	143.3	18.0	196.4	158.9

Minority Interest	-8.0	-7.7	-7.4	-10.3	-5.4
Net Income Before Extraord Items	61.1	135.6	10.6	186.2	153.5
Net Income	61.1	135.6	10.6	186.2	153.5

Miscellaneous Earnings Adjustment	0.0	0.0	0.0	0.0	0.0
Total Adjustments to Net Income	0.0	0.0	0.0	0.0	0.0
Income Available to Common Excl Extraord Items	61.1	135.6	10.6	186.2	153.5

Income Available to Common Incl Extraord Items	61.1	135.6	10.6	186.2	153.5

Basic/Primary Weighted Average Shares	90.3	90.3	90.3	90.1	90.9
Basic EPS Excl Extraord Items	0.68	1.50	0.12	2.07	1.69
Basic/Primary EPS Incl Extraord Items	0.68	1.50	0.12	2.07	1.69
Dilution Adjustment	0.0	0.0	0.0	0.0	0.0
Diluted Net Income	61.1	135.6	10.6	186.2	153.5
Diluted Weighted Average Shares	90.3	90.3	90.3	90.4	91.2
Diluted EPS Excl Extraord Items	0.68	1.50	0.12	2.06	1.68
Diluted EPS Incl Extraord Items	0.68	1.50	0.12	2.06	1.68
Dividends per Share - Common Stock Primary Issue	0.35	0.34	0.32	0.42	0.29
Gross Dividends - Common Stock	31.6	31.1	28.8	37.9	26.1
Interest Expense, Supplemental	3.3	2.3	3.9	4.9	3.4
Depreciation, Supplemental	174.3	178.2	187.5	155.9	136.7
Total Special Items	147.7	0.7	2.0	18.1	0.1
Normalized Income Before Tax	234.1	219.5	10.9	303.6	236.4

Effect of Special Items on Income Taxes	29.6	0.1	0.4	5.6	0.0
Inc Tax Ex Impact of Sp Items	46.9	75.6	-8.6	94.7	77.4
Normalized Income After Tax	187.3	143.9	19.5	208.9	159.0

Normalized Inc. Avail to Com.	179.2	136.2	12.1	198.7	153.6

Basic Normalized EPS	1.98	1.51	0.13	2.21	1.69
Diluted Normalized EPS	1.98	1.51	0.13	2.20	1.68
Amort of Acquisition Costs, Supplemental	0.0	0.3	0.8	0.1	0.1
Research & Development Exp, Supplemental	198.0	178.7	178.2	160.3	151.6
Reported Operating Profit	220.6	194.0	8.1	292.0	212.9
Reported Ordinary Profit	234.1	219.2	10.2	301.1	226.6
Normalized EBIT	220.6	194.0	8.1	292.0	223.0
Normalized EBITDA	395.0	372.5	196.4	448.0	359.8
Interest Cost - Domestic	12.6	11.2	10.7	9.8	8.9
Service Cost - Domestic	26.7	24.2	22.7	22.5	20.5
Prior Service Cost - Domestic	-11.2	-10.2	-4.7	-0.3	-0.6
Expected Return on Assets - Domestic	-9.4	-7.7	-10.4	-9.3	-8.1
Actuarial Gains and Losses - Domestic	9.9	11.2	5.4	1.3	2.1
Transition Costs - Domestic	5.3	4.6	5.6	5.3	4.9
Domestic Pension Plan Expense	33.8	33.3	29.3	29.2	27.8
Total Pension Expense	33.8	33.3	29.3	29.2	27.8
Discount Rate - Domestic	2.00%	2.00%	2.00%	2.00%	2.00%
Expected Rate of Return - Domestic	3.00%	3.00%	4.50%	4.50%	4.50%
Total Plan Interest Cost	12.6	11.2	10.7	9.8	8.9
Total Plan Service Cost	26.7	24.2	22.7	22.5	20.5
Total Plan Expected Return	-9.4	-7.7	-10.4	-9.3	-8.1

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	Unqualified	Unqualified	Unqualified

Cash & Equivalents	327.7	251.3	162.6	197.9	114.0
Short Term Investments	548.7	372.5	127.2	187.4	221.8
Cash and Short Term Investments	876.4	623.9	289.8	385.3	335.8
Accounts Receivable - Trade, Gross	502.4	639.9	362.1	691.8	592.1
Provision for Doubtful Accounts	-0.5	-0.5	-0.7	-1.3	-1.1
Trade Accounts Receivable - Net	502.0	639.4	361.4	690.5	590.9
Total Receivables, Net	502.0	639.4	361.4	690.5	590.9
Inventories - Finished Goods	81.8	69.0	60.7	72.9	-
Inventories - Work In Progress	139.1	119.9	109.0	123.5	-
Inventories - Raw Materials	50.1	42.7	36.4	34.5	-
Total Inventory	271.0	231.6	206.0	230.8	207.3
Deferred Income Tax - Current Asset	99.6	63.9	46.6	53.2	45.8
Other Current Assets	72.6	63.8	83.6	50.9	57.5
Other Current Assets, Total	172.2	127.7	130.1	104.2	103.3
Total Current Assets	1,821.6	1,622.6	987.3	1,410.7	1,237.3

Buildings	761.5	680.3	621.3	592.0	468.9
Land/Improvements	118.9	104.6	97.9	93.2	75.2
Machinery/Equipment	2,456.6	2,184.9	2,045.3	2,014.2	1,656.2
Construction in Progress	65.7	51.5	59.8	52.7	50.3
Property/Plant/Equipment - Gross	3,402.8	3,021.3	2,824.4	2,752.1	2,250.6
Accumulated Depreciation	-2,559.0	-2,228.1	-2,013.8	-1,908.5	-1,553.5
Property/Plant/Equipment - Net	843.8	793.2	810.5	843.7	697.1
Goodwill, Net	-	0.0	1.5	0.0	16.5
Intangibles, Net	24.4	26.9	30.2	22.4	16.3
LT Investments - Other	261.5	284.5	271.7	305.9	119.0
Long Term Investments	261.5	284.5	271.7	305.9	119.0
Note Receivable - Long Term	6.9	6.0	4.7	4.4	4.0
Pension Benefits - Overfunded	92.8	77.3	71.3	63.8	44.5
Deferred Income Tax - Long Term Asset	63.1	58.4	95.1	53.8	49.9
Other Long Term Assets	19.3	17.7	21.5	16.6	17.2
Other Long Term Assets, Total	175.2	153.5	187.9	134.3	111.6
Total Assets	3,133.4	2,886.7	2,294.0	2,721.3	2,201.8

Accounts Payable	467.1	495.0	292.9	557.0	493.8
Accrued Expenses	72.5	64.4	46.6	160.6	125.7
Notes Payable/Short Term Debt	48.4	50.0	46.1	38.6	44.5
Current Portion - Long Term Debt/Capital Leases	4.2	3.9	3.8	0.0	-
Income Taxes Payable	8.1	35.3	1.1	40.3	36.4
Other Current Liabilities	279.8	205.3	182.8	110.7	88.9
Other Current liabilities, Total	287.9	240.6	183.9	151.0	125.3
Total Current Liabilities	880.2	853.9	573.3	907.2	789.4

Long Term Debt	95.1	88.7	13.2	0.0	0.0
Capital Lease Obligations	1.7	2.1	2.7	0.0	-
Total Long Term Debt	96.8	90.8	16.0	0.0	0.0
Total Debt	149.4	144.7	65.9	38.6	44.5

Deferred Income Tax - LT Liability	1.5	2.0	1.1	0.8	1.4
Deferred Income Tax	1.5	2.0	1.1	0.8	1.4
Minority Interest	45.9	40.1	32.4	30.8	23.4
Pension Benefits - Underfunded	209.1	188.5	181.0	178.7	145.9
Other Long Term Liabilities	1.7	1.3	0.0	7.6	8.2
Other Liabilities, Total	210.9	189.7	181.0	186.3	154.0
Total Liabilities	1,235.2	1,176.4	803.8	1,125.0	968.2

Common Stock	275.8	244.6	231.4	229.6	193.6
Common Stock	275.8	244.6	231.4	229.6	193.6
Additional Paid-In Capital	311.2	274.6	258.2	254.4	213.0
Retained Earnings (Accumulated Deficit)	1,506.2	1,318.9	1,135.1	1,167.5	837.6
Treasury Stock - Common	-85.0	-75.3	-71.3	-71.9	-65.9
Unrealized Gain (Loss)	-0.5	5.4	-13.4	15.3	19.9
Translation Adjustment	-109.5	-58.0	-49.8	1.4	35.5
Other Equity, Total	-109.5	-58.0	-49.8	1.4	35.5
Total Equity	1,898.2	1,710.2	1,490.2	1,596.3	1,233.7

Total Liabilities & Shareholders’ Equity	3,133.4	2,886.6	2,294.0	2,721.3	2,201.8

Shares Outstanding - Common Stock Primary Issue	90.3	90.3	90.3	90.3	89.9
Total Common Shares Outstanding	90.3	90.3	90.3	90.3	89.9
Treasury Shares - Common Stock Primary Issue	3.9	3.9	3.9	4.0	4.3
Employees	15,110	15,028	14,838	14,776	13,705
Number of Common Shareholders	8,441	9,504	9,151	6,156	8,205
Total Long Term Debt, Supplemental	98.4	91.6	16.0	0.0	4.0
Long Term Debt Maturing within 1 Year	3.3	2.9	2.7	0.0	4.0
Long Term Debt Maturing in Year 2	26.4	2.9	2.7	0.0	0.0
Long Term Debt Maturing in Year 3	3.1	25.4	2.7	0.0	0.0
Long Term Debt Maturing in Year 4	61.4	2.5	2.2	0.0	0.0
Long Term Debt Maturing in Year 5	0.9	54.4	1.9	0.0	0.0
Long Term Debt Maturing in 2-3 Years	29.5	28.2	5.4	0.0	0.0
Long Term Debt Maturing in 4-5 Years	62.2	56.9	4.1	0.0	0.0
Long Term Debt Matur. in Year 6 & Beyond	3.3	3.5	3.8	0.0	0.0
Total Capital Leases, Supplemental	2.6	3.1	3.9	-	-
Capital Lease Payments Due in Year 1	0.9	1.0	1.1	-	-
Capital Lease Payments Due in Year 2	0.7	0.8	0.9	-	-
Capital Lease Payments Due in Year 3	0.5	0.6	0.7	-	-
Capital Lease Payments Due in Year 4	0.4	0.4	0.5	-	-
Capital Lease Payments Due in Year 5	0.0	0.3	0.3	-	-
Capital Lease Payments Due in 2-3 Years	1.3	1.4	1.7	-	-
Capital Lease Payments Due in 4-5 Years	0.4	0.7	0.9	-	-
Cap. Lease Pymts. Due in Year 6 & Beyond	0.0	0.0	0.2	-	-
Pension Obligation - Domestic	614.1	531.6	482.4	519.1	432.9
Plan Assets - Domestic	418.4	369.0	295.9	352.4	339.7
Funded Status - Domestic	-195.7	-162.6	-186.5	-166.7	-93.1
Total Funded Status	-195.7	-162.6	-186.5	-166.7	-93.1
Discount Rate - Domestic	2.00%	2.00%	2.00%	2.00%	2.00%
Expected Rate of Return - Domestic	3.00%	3.00%	4.50%	4.50%	4.50%
Prepaid Benefits - Domestic	92.8	77.3	71.3	63.8	44.5
Accrued Liabilities - Domestic	-202.1	-182.9	-175.8	-172.6	-141.0
Other Assets, Net - Domestic	86.4	57.0	82.1	57.9	-3.4
Net Assets Recognized on Balance Sheet	-22.9	-48.6	-22.4	-50.9	-100.0
Total Plan Obligations	614.1	531.6	482.4	519.1	432.9
Total Plan Assets	418.4	369.0	295.9	352.4	339.7

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	Unqualified	Unqualified	Unqualified

Net Income/Starting Line	86.4	218.8	9.0	285.5	236.3
Depreciation	174.3	178.2	187.5	155.9	136.7
Depreciation/Depletion	174.3	178.2	187.5	155.9	136.7
Amortization of Acquisition Costs	0.0	0.3	0.8	0.1	0.1
Amortization	0.0	0.3	0.8	0.1	0.1
Unusual Items	5.1	3.2	4.3	16.9	3.8
Equity in Net Earnings (Loss)	-2.8	-0.9	-1.2	-3.9	-3.3
Other Non-Cash Items	43.2	-30.7	26.9	-14.9	-33.4
Non-Cash Items	45.6	-28.4	30.1	-1.9	-33.0
Accounts Receivable	196.4	-255.0	310.7	-3.6	-66.1
Inventories	-19.5	-11.1	12.4	3.5	-2.5
Accounts Payable	-70.5	182.4	-245.3	-8.9	17.1
Accrued Expenses	-0.1	14.2	-11.5	7.4	2.5
Taxes Payable	-7.3	5.9	-3.8	0.0	3.3
Other Operating Cash Flow	-44.2	45.9	-88.5	-53.5	-54.9
Changes in Working Capital	54.9	-17.6	-26.0	-55.0	-100.7
Cash from Operating Activities	361.2	351.3	201.3	384.6	239.5

Purchase of Fixed Assets	-165.3	-128.1	-206.5	-181.1	-167.2
Capital Expenditures	-165.3	-128.1	-206.5	-181.1	-167.2
Sale of Fixed Assets	3.2	1.7	2.3	1.8	2.2
Sale/Maturity of Investment	43.3	32.4	20.3	129.3	16.5
Purchase of Investments	-2.2	-2.4	-55.3	-217.4	-80.9
Other Investing Cash Flow	-12.4	-2.8	-12.2	-10.6	0.4
Other Investing Cash Flow Items, Total	32.0	29.0	-44.8	-97.0	-61.8
Cash from Investing Activities	-133.3	-99.1	-251.3	-278.1	-229.0

Other Financing Cash Flow	-4.4	-0.1	-0.7	0.8	1.4
Financing Cash Flow Items	-4.4	-0.1	-0.7	0.8	1.4
Cash Dividends Paid - Common	-42.1	-15.6	-44.0	-33.8	-21.8
Total Cash Dividends Paid	-42.1	-15.6	-44.0	-33.8	-21.8
Repurchase/Retirement of Common	-0.2	0.0	0.0	-0.1	-55.7
Common Stock, Net	-0.2	0.0	0.0	-0.1	-55.7
Issuance (Retirement) of Stock, Net	-0.2	0.0	0.0	-0.1	-55.7
Short Term Debt, Net	-9.1	-1.0	-0.4	-11.3	4.4
Long Term Debt Issued	1.9	80.0	9.0	0.0	-
Long Term Debt Reduction	-2.0	-3.0	-0.8	0.0	-
Long Term Debt, Net	-0.1	77.0	8.2	0.0	-
Issuance (Retirement) of Debt, Net	-9.2	76.1	7.8	-11.3	4.4
Cash from Financing Activities	-55.9	60.4	-37.0	-44.5	-71.7

Foreign Exchange Effects	-18.6	2.9	-16.6	-13.7	6.3
Net Change in Cash	153.3	315.5	-103.6	48.3	-54.9

Net Cash - Beginning Balance	634.0	269.1	352.5	261.5	310.5
Net Cash - Ending Balance	787.3	584.6	248.9	309.9	255.6
Cash Interest Paid	3.3	2.1	3.9	4.9	3.3
Cash Taxes Paid	66.4	-20.3	82.5	78.7	64.0

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	Unqualified	Unqualified	Unqualified

Net sales	3,823.3	3,561.5	3,357.9	3,849.4	3,464.4
Total Revenue	3,823.3	3,561.5	3,357.9	3,849.4	3,464.4

Cost of Sales	3,265.4	3,051.5	3,012.5	3,264.1	2,989.2
Payroll	105.8	96.3	99.4	86.2	82.4
Doubtful Acct Allow.	-	-	0.1	-	-
Allowance for bonus	13.1	12.0	8.8	19.6	17.6
Allowance for director bonus	2.8	2.5	1.4	2.3	2.2
Periodic pension cost	5.6	5.5	12.1	4.4	4.5
Res.dir's retire.bene.	1.6	1.3	1.4	1.1	1.6
Reserve for Product Warranty	27.3	35.7	-	-	-
Other SGA expenses	181.0	162.8	214.1	179.7	154.1
SP Reversal G Bad Debt	-	-	0.0	-0.1	0.0
SP G on rev. of st. subscrip. rights	-0.8	-0.2	0.0	0.0	-
SP Patent Legal Settlment	-	-	-	0.0	-10.0
SP Loss Valuation Investment Secs.	-	0.0	1.2	0.0	-
SP L-Adjust. for changes of acct. Assets	2.1	0.0	-	-	-
SP Loss on retirement of non-current ass	0.0	0.6	0.0	-	-
SP Reserve for product warranty	146.3	0.0	-	-	-
SP Impairment loss	-	-	0.0	16.8	0.0
SP L on val. of inv't in closely-held	-	-	0.0	1.4	0.0
Total Operating Expense	3,750.3	3,368.0	3,351.0	3,575.6	3,241.4

SP Sale Gain-Fixed Asset	-	-	0.0	0.1	0.0
SP G on sale of inv't secs.	-	-	0.0	2.5	0.0
SP Loss Sale & Retirement of Fixed Asset	-	-	-	0.0	0.0
SP L on sale of inv't secs.	-	-	-	0.0	-0.4
NOP Interest Income	5.9	4.6	7.3	6.3	3.5
NOP Dividend Income	1.8	1.1	2.1	1.0	0.9
NOP Equity in earnings of affiliates	2.8	0.9	1.2	3.9	3.3
NOP Foreign exchange gains	0.0	12.6	0.0	1.9	6.5
NOP Subsidy Income	1.8	6.7	0.0	-	-
NOP Other Non-Op. Income	6.1	4.6	7.2	3.7	4.0
NOP Interest Expense	-3.3	-2.3	-3.9	-4.9	-3.4
NOP Foreign Exch.Loss	-0.7	0.0	-10.3	0.0	-
NOP Commission expense on convert.bond	-	-	-	-	0.0
NOP Other Non-Op.Expense	-1.0	-3.1	-1.6	-2.9	-1.2
Net Income Before Taxes	86.4	218.8	9.0	285.5	236.3

Provision for Income Taxes	17.3	75.5	-9.0	89.1	77.4
Net Income After Taxes	69.1	143.3	18.0	196.4	158.9

Minority Interest	-8.0	-7.7	-7.4	-10.3	-5.4
Net Income Before Extra. Items	61.1	135.6	10.6	186.2	153.5
Net Income	61.1	135.6	10.6	186.2	153.5

Directors' Bonus	-	0.0	0.0	0.0	0.0
Earning Adjustment	0.0	0.0	-	0.0	0.0
Income Available to Com Excl ExtraOrd	61.1	135.6	10.6	186.2	153.5

Income Available to Com Incl ExtraOrd	61.1	135.6	10.6	186.2	153.5

Basic Weighted Average Shares	90.3	90.3	90.3	90.1	90.9
Basic EPS Excluding ExtraOrdinary Items	0.68	1.50	0.12	2.07	1.69
Basic EPS Including ExtraOrdinary Item	0.68	1.50	0.12	2.07	1.69
Dilution Adjustment	0.0	0.0	0.0	0.0	0.0
Diluted Net Income	61.1	135.6	10.6	186.2	153.5
Diluted Weighted Average Shares	90.3	90.3	90.3	90.4	91.2
Diluted EPS Excluding ExtraOrd Items	0.68	1.50	0.12	2.06	1.68
Diluted EPS Including ExtraOrd Items	0.68	1.50	0.12	2.06	1.68
DPS-Common Stock	0.35	0.34	0.32	0.42	0.29
Gross Dividends - Common Stock	31.6	31.1	28.8	37.9	26.1
Normalized Income Before Taxes	234.1	219.5	10.9	303.6	236.4

Inc Tax Ex Impact of Sp Items	46.9	75.6	-8.6	94.7	77.4
Normalized Income After Taxes	187.3	143.9	19.5	208.9	159.0

Normalized Inc. Avail to Com.	179.2	136.2	12.1	198.7	153.6

Basic Normalized EPS	1.98	1.51	0.13	2.21	1.69
Diluted Normalized EPS	1.98	1.51	0.13	2.20	1.68
Interest Expense	3.3	2.3	3.9	4.9	3.4
Amort of Goodwill&negative goodwill	0.0	0.3	0.8	0.1	0.1
R & D Exp.( SGA+COGS)	198.0	178.7	178.2	160.3	151.6
Depreciation	174.3	178.2	187.5	155.9	136.7
Reported Operating Profit	220.6	194.0	8.1	292.0	212.9
Reported Ordinary Profit	234.1	219.2	10.2	301.1	226.6
Service Cost	26.7	24.2	22.7	22.5	20.5
Interest Cost	12.6	11.2	10.7	9.8	8.9
Expected Return on Plan Assets	-9.4	-7.7	-10.4	-9.3	-8.1
Actuarial Gains & Losses	9.9	11.2	5.4	1.3	2.1
Prior Service Cost	-11.2	-10.2	-4.7	-0.3	-0.6
Transition L on Defined Contribution Pln	5.3	4.6	5.6	5.3	4.9
Domestic Pension Plan Expense	33.8	33.3	29.3	29.2	27.8
Total Pension Expense	33.8	33.3	29.3	29.2	27.8
Discout rate	2.00%	2.00%	2.00%	2.00%	2.00%
Expected rate of return	3.00%	3.00%	4.50%	4.50%	4.50%

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	Unqualified	Unqualified	Unqualified

Cash and Deposits	327.7	251.3	162.6	197.9	114.0
Note&Trade Receivables	502.4	639.9	362.1	691.8	592.1
Marketable Securities	548.7	372.5	127.2	187.4	221.8
Inventories	-	-	-	-	207.3
Inventories - merchandise&finished goods	81.8	69.0	60.7	72.9	-
Inventories - work-in-process	139.1	119.9	109.0	123.5	-
Inventories - raw materials&supplies	50.1	42.7	36.4	34.5	-
Deferred Tax	99.6	63.9	46.6	53.2	45.8
Other Current Assets	72.6	63.8	83.6	50.9	57.5
Allowance for Doubtful Account	-0.5	-0.5	-0.7	-1.3	-1.1
Total Current Assets	1,821.6	1,622.6	987.3	1,410.7	1,237.3

Building & Structure, gross	756.6	675.6	616.7	592.0	468.9
Accum. depr - bldg&struc	-440.8	-376.6	-336.4	-319.2	-260.4
Machinery&Equipment, gross	1,200.1	1,076.5	1,012.7	1,005.0	827.3
Accum. depr - machin&equip.	-953.6	-829.8	-740.3	-695.8	-567.0
Tool and Fixture, gross	1,256.6	1,108.4	1,032.6	1,009.2	828.9
Accum. depr - tools, furn, fixtur	-1,162.4	-1,019.9	-936.2	-893.5	-726.1
Land	118.9	104.6	97.9	93.2	75.2
Lease assets, gross	4.9	4.7	4.5	0.0	-
Accum. depr - lease assets	-2.2	-1.8	-0.9	0.0	-
Construction-in-Progress	65.7	51.5	59.8	52.7	50.3
Goodwill	-	0.0	1.5	0.0	16.5
Lease assets, intangible	0.0	0.1	0.1	0.0	-
Software	20.0	22.7	25.9	19.1	13.9
Other Intangibles	4.4	4.2	4.2	3.3	2.4
Invest. Securities	261.5	284.5	271.7	305.9	119.0
Long Term Loans	6.9	6.0	4.7	4.4	4.0
Pension Prepaid	92.8	77.3	71.3	63.8	44.5
Deferred Tax	63.1	58.4	95.1	53.8	49.9
Other Assets	20.8	19.1	22.8	17.2	17.7
Allowance for Doubtful Account	-1.5	-1.3	-1.2	-0.6	-0.5
Adjustment	-	0.0	-	-	-
Total Assets	3,133.4	2,886.7	2,294.0	2,721.3	2,201.8

Note&Trade Payable	467.1	495.0	292.9	557.0	493.8
Short Term Debt	48.4	50.0	46.1	38.6	44.5
LT borrowings (current)	3.3	2.9	2.7	0.0	-
Lease obligations, current	0.9	1.0	1.1	0.0	-
Accrued Expense	-	-	-	101.8	83.2
Accrued income taxes	8.1	35.3	1.1	40.3	36.4
Accrued Bonus	69.6	61.9	45.2	56.3	40.3
Allowance for Director Bonus	2.9	2.5	1.4	2.6	2.1
Asset retirement obligations	1.4	0.0	-	-	-
Product Guarantee	107.9	43.7	51.7	29.0	29.9
Other Current Liabilities	170.6	161.5	131.1	81.7	59.0
Total Current Liabilities	880.2	853.9	573.3	907.2	789.4

LT lease liability	1.7	2.1	2.7	0.0	-
Long Term Debt	95.1	88.7	13.2	0.0	0.0
Total Long Term Debt	96.8	90.8	16.0	0.0	0.0

Deferred Tax	1.5	2.0	1.1	0.8	1.4
Reserve for Retirement Benefit	202.1	182.9	175.8	172.6	141.0
Asset retirement obligations	0.8	0.0	-	-	-
Reserve for Director Retirement Bonus	7.0	5.5	5.3	6.1	4.8
Negative goodwill	0.7	0.6	0.0	0.2	0.0
Other Long-term liabilities	0.3	0.7	0.0	7.4	8.2
Minority Interest	45.9	40.1	32.4	30.8	23.4
Total Liabilities	1,235.2	1,176.4	803.8	1,125.0	968.2

Share Capital	275.8	244.6	231.4	229.6	193.6
Capital Reserve	303.3	269.0	254.6	252.5	212.7
Retained Earnings	1,506.2	1,318.9	1,135.1	1,167.5	837.6
Treasury Stock	-85.0	-75.3	-71.3	-71.9	-65.9
Unrealized Gain/Loss on Securities	-0.5	5.4	-13.4	15.3	19.9
Translation Adjustment	-109.5	-58.0	-49.8	1.4	35.5
Stock Subscription	8.0	5.6	3.6	1.9	0.4
Total Equity	1,898.2	1,710.2	1,490.2	1,596.3	1,233.7

Total Liabilities & Shareholders' Equity	3,133.4	2,886.6	2,294.0	2,721.3	2,201.8

S/O-Common Stock	90.3	90.3	90.3	90.3	89.9
Total Common Shares Outstanding	90.3	90.3	90.3	90.3	89.9
T/S-Common Stock	3.9	3.9	3.9	4.0	4.3
Full-Time Employees	15,110	15,028	14,838	14,776	13,705
Number of Common Shareholders	8,441	9,504	9,151	6,156	8,205
Long Term Debt Maturing Within 1 Year	3.3	2.9	2.7	0.0	4.0
Long Term Debt Maturing Within 2 Year	26.4	2.9	2.7	0.0	0.0
Long Term Debt Maturing Within 3 Year	3.1	25.4	2.7	0.0	0.0
Long Term Debt Maturing Within 4 Year	61.4	2.5	2.2	0.0	0.0
Long Term Debt Maturing Within 5 Year	0.9	54.4	1.9	0.0	0.0
Remaining	3.3	3.5	3.8	0.0	0.0
Total Long Term Debt, Supplemental	98.4	91.6	16.0	0.0	4.0
Capital lease due within 1 year	0.9	1.0	1.1	-	-
Capital lease due within 2 years	0.7	0.8	0.9	-	-
Capital lease due within 3 years	0.5	0.6	0.7	-	-
Capital lease due within 4 years	0.4	0.4	0.5	-	-
Capital lease due within 5 years	0.0	0.3	0.3	-	-
Capital lease due after 5 years	0.0	0.0	0.2	-	-
Total Capital Leases	2.6	3.1	3.9	-	-
Pension Obligation	614.1	531.6	482.4	519.1	432.9
Fair Value of Plan Assets	418.4	369.0	295.9	352.4	339.7
Funded Status	-195.7	-162.6	-186.5	-166.7	-93.1
Total Funded Status	-195.7	-162.6	-186.5	-166.7	-93.1
Discount Rate	2.00%	2.00%	2.00%	2.00%	2.00%
Expected Return on Plan Assets	3.00%	3.00%	4.50%	4.50%	4.50%
Unrecognized Actuarial Gains & losses	114.8	92.4	124.8	57.7	-3.3
Unrecognized Prior Service Cost	-28.4	-35.4	-42.7	0.2	-0.2
Prepaid Pension Benefit	92.8	77.3	71.3	63.8	44.5
Accrued Pension Benefit	-202.1	-182.9	-175.8	-172.6	-141.0
Net Assets Recognized on Balance Sheet	-22.9	-48.6	-22.4	-50.9	-100.0

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	Unqualified	Unqualified	Unqualified

Net Income Before Taxes	86.4	218.8	9.0	285.5	236.3
Depreciation	174.3	178.2	187.5	155.9	136.7
Impairment loss	-	-	0.0	16.8	0.0
Amort. of goodwill & negative goodwill	0.0	0.3	0.8	0.1	0.1
Allowance for Doubtful Account	0.0	-0.3	-0.4	0.0	0.0
Reserve for bonus	-0.1	14.2	-11.5	7.4	2.5
Reserve for director's bonuses	0.1	1.0	-1.2	0.0	2.2
Product Guarantee	57.2	-11.1	22.3	-5.2	-25.6
Reserve for Periodic Retirement Benefit	-9.1	-5.3	-7.4	-4.8	-2.7
Reserve for Director Retirement Bonus	0.8	-0.1	-0.9	0.3	0.7
Interest & Dividend Income	-7.7	-5.7	-9.4	-7.3	-4.4
Interest Expense	3.3	2.3	3.9	4.9	3.4
Gain/Loss on Foreign Exchange Rate	-1.2	-11.6	18.5	-2.8	-6.9
Income/Loss on Equity Method	-2.8	-0.9	-1.2	-3.9	-3.3
L-adjust. for changes of acct. Assets	2.1	0.0	-	-	-
Loss Sale & Retirement of Fixed Assets	3.0	3.2	3.2	2.5	3.8
Loss on val. of LT inv't secs.	-	0.0	1.2	0.0	-
G on sale of inv't secs.	-	-	0.0	-2.5	0.0
Account Receivable	196.4	-255.0	310.7	-3.6	-66.1
Decrease (increase) in inventories	-19.5	-11.1	12.4	3.5	-2.5
Account Payable	-70.5	182.4	-245.3	-8.9	17.1
Sales Tax Payable	-7.3	5.9	-3.8	0.0	3.3
Director Bonus Paid	-	-	-	0.0	-2.0
Other Operating Activities	16.9	21.5	-11.8	22.0	8.9
Interest & Dividend Received	8.6	6.2	9.7	8.1	5.5
Interest expenses paid	-3.3	-2.1	-3.9	-4.9	-3.3
Income tax (paid) refund	-66.4	20.3	-82.5	-78.7	-64.0
Inc. due to newly consol. subs.	-	-	0.8	0.0	-
Dec. due to un-consol. of subs.	-	-	-0.1	0.0	-
Inc due to merger	-	-	0.9	0.0	-
Adjustment	-0.1	-	-	-	0.0
Cash from Operating Activities	361.2	351.3	201.3	384.6	239.5

Sale/Redem. Marketable Securities	43.2	32.3	19.9	126.0	15.4
Capital Expenditures	-165.3	-128.1	-206.5	-181.1	-167.2
Sale of Fixed Assets	3.2	1.7	2.3	1.8	2.2
Purchase of Investment Securities	-1.2	-1.8	-52.7	-214.5	-80.9
Proceeds from sales of investment securi	0.1	0.1	0.4	3.4	0.0
Purchase of Subsidiary Stock	0.0	-0.6	-2.5	-0.2	0.0
Sale Investment Proportion in Affiliates	-	-	-	0.0	1.1
Purchase of Additional Subsidiary Stock	-	-	-	-	0.0
Purchase of Affiliates' Stock	-0.9	0.0	0.0	-2.8	-
Loan Extended	-3.8	-3.8	-3.0	-1.5	-1.8
Loan Recovered	3.2	2.5	2.3	1.9	1.9
Other Investing Activities	-11.8	-1.5	-11.6	-11.0	0.3
Cash from Investing Activities	-133.3	-99.1	-251.3	-278.1	-229.0

Short Term Debt, Net	-9.1	-1.0	-0.4	-11.3	4.4
Long Term Debt, issd	1.9	80.0	9.0	0.0	-
Long Term Debt, repaid	-0.7	-1.8	0.0	-	-
Repaid of lease liability	-1.3	-1.2	-0.8	0.0	-
Dividend Paid	-42.1	-15.6	-44.0	-33.8	-21.8
Dividend Paid to Minority Interest	-4.5	-2.0	-6.9	-5.0	-2.1
Proceed from minority interest	0.0	1.9	4.9	0.0	-
Purchase Treasury Stock	-0.2	0.0	0.0	-0.1	-55.7
Other Financing Activities	0.0	0.1	1.3	5.8	3.5
Cash from Financing Activities	-55.9	60.4	-37.0	-44.5	-71.7

Foreign Exchange Effects	-18.6	2.9	-16.6	-13.7	6.3
Net Change in Cash	153.3	315.5	-103.6	48.3	-54.9

Net Cash - Beginning Balance	634.0	269.1	352.5	261.5	310.5
Net Cash - Ending Balance	787.3	584.6	248.9	309.9	255.6
Cash Interest Paid	3.3	2.1	3.9	4.9	3.3
Cash Taxes Paid	66.4	-20.3	82.5	78.7	64.0

Financial Health

Financials in: USD (mil)

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

Key Indicators USD (mil)
	Quarter Ending 30-Jun-2011	Quarter Ending Yr Ago	Annual Year End 31-Mar-2011	1 Year Growth	3 Year Growth	5 Year Growth
Total Revenue1	690.1	-32.78%	3,823.3	-1.02%	-9.36%	-2.05%
Operating Income1	-36.8	-	73.0	-65.24%	-41.54%	-20.05%
Income Available to Common Excl Extraord Items1	-15.2	-	61.1	-58.47%	-37.35%	-18.58%
Basic EPS Excl Extraord Items1	-0.17	-	0.68	-58.47%	-37.40%	-18.98%
Capital Expenditures2	165.3	18.99%	165.3	18.99%	-11.88%	-7.03%
Cash from Operating Activities2	361.2	-5.20%	361.2	-5.20%	-11.04%	1.24%
Free Cash Flow	202.5	-19.09%	202.5	-19.09%	-10.30%	14.03%
Total Assets3	3,128.8	-	3,133.4	-3.72%	-1.39%	1.51%
Total Liabilities3	1,216.3	-	1,235.2	-6.87%	-2.95%	-0.90%
Total Long Term Debt3	95.4	-	96.8	-5.45%	-	76.44%
Employees3	-	-	15110	0.55%	0.75%	3.22%
Total Common Shares Outstanding3	90.3	-	90.3	-0.01%	0.02%	-0.51%
1-ExchangeRate: JPY to USD Average for Period	81.605269		85.691434
2-ExchangeRate: JPY to USD Average for Period	85.691434		85.691434
3-ExchangeRate: JPY to USD Period End Date	80.760000		82.880000

Key Ratios
	31-Mar-2011	31-Mar-2010	31-Mar-2009	31-Mar-2008	31-Mar-2007
Profitability
Gross Margin	14.59%	14.32%	10.29%	15.21%	13.72%
Operating Margin	1.91%	5.44%	0.21%	7.11%	6.44%
Pretax Margin	2.26%	6.14%	0.27%	7.42%	6.82%
Net Profit Margin	1.60%	3.81%	0.32%	4.84%	4.43%
Financial Strength
Current Ratio	2.07	1.90	1.72	1.56	1.57
Long Term Debt/Equity	0.05	0.05	0.01	0.00	0.00
Total Debt/Equity	0.08	0.08	0.04	0.02	0.04
Management Effectiveness
Return on Assets	2.24%	5.37%	0.73%	8.46%	7.42%
Return on Equity	3.30%	8.21%	0.69%	13.98%	12.84%
Efficiency
Receivables Turnover	6.46	6.94	6.46	6.35	6.21
Inventory Turnover	12.69	13.51	13.97	15.73	14.71
Asset Turnover	1.24	1.33	1.36	1.66	1.62

Market Valuation USD (mil)
P/E (TTM)	24.31	.	Enterprise Value2	1,028.8
Price/Sales (TTM)	0.42	.	Enterprise Value/Revenue (TTM)	0.28
Price/Book (MRQ)	0.78	.	Enterprise Value/EBITDA (TTM)	4.61
Market Cap as of 02-Sep-20111	1,638.7	.
1-ExchangeRate: JPY to USD on 2-Sep-2011	76.770000
2-ExchangeRate: JPY to USD on 30-Jun-2011	80.760000

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	2.07	1.90	1.72	1.56	1.57
Quick/Acid Test Ratio	1.57	1.48	1.14	1.19	1.17
Working Capital1	941.4	768.8	414.0	503.5	447.9
Long Term Debt/Equity	0.05	0.05	0.01	0.00	0.00
Total Debt/Equity	0.08	0.08	0.04	0.02	0.04
Long Term Debt/Total Capital	0.05	0.05	0.01	0.00	0.00
Total Debt/Total Capital	0.07	0.08	0.04	0.02	0.03
Payout Ratio	51.77%	22.93%	271.85%	20.32%	17.22%
Effective Tax Rate	20.02%	34.50%	-99.78%	31.20%	32.77%
Total Capital1	2,047.6	1,855.0	1,556.1	1,634.9	1,278.2

Efficiency
Asset Turnover	1.24	1.33	1.36	1.66	1.62
Inventory Turnover	12.69	13.51	13.97	15.73	14.71
Days In Inventory	28.76	27.02	26.12	23.21	24.81
Receivables Turnover	6.46	6.94	6.46	6.35	6.21
Days Receivables Outstanding	56.46	52.62	56.48	57.45	58.78
Revenue/Employee2	261,613	235,729	230,232	299,172	250,361
Operating Income/Employee2	4,995	12,814	474	21,285	16,116
EBITDA/Employee2	16,922	24,609	13,331	33,404	25,996

Profitability
Gross Margin	14.59%	14.32%	10.29%	15.21%	13.72%
Operating Margin	1.91%	5.44%	0.21%	7.11%	6.44%
EBITDA Margin	6.47%	10.44%	5.79%	11.17%	10.38%
EBIT Margin	1.91%	5.44%	0.21%	7.11%	6.44%
Pretax Margin	2.26%	6.14%	0.27%	7.42%	6.82%
Net Profit Margin	1.60%	3.81%	0.32%	4.84%	4.43%
COGS/Revenue	85.41%	85.68%	89.71%	84.80%	86.29%
SG&A Expense/Revenue	8.82%	8.87%	10.05%	7.62%	7.28%

Management Effectiveness
Return on Assets	2.24%	5.37%	0.73%	8.46%	7.42%
Return on Equity	3.30%	8.21%	0.69%	13.98%	12.84%

Valuation
Free Cash Flow/Share2	2.24	2.46	-0.06	2.59	0.80
Operating Cash Flow/Share 2	4.13	3.87	2.27	4.89	2.64
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)	25.37
Market Cap/Equity (MRQ)	0.81
Market Cap/Revenue (TTM)	0.42
Market Cap/EBIT (TTM)	34.63
Market Cap/EBITDA (TTM)	6.97
Enterprise Value/Earnings (TTM)	16.75
Enterprise Value/Equity (MRQ)	0.54
Enterprise Value/Revenue (TTM)	0.28
Enterprise Value/EBIT (TTM)	22.87
Enterprise Value/EBITDA (TTM)	4.61

Annual Income Statement

Standardized

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	Unqualified	Unqualified	Unqualified

Net Sales	3,823.3	3,561.5	3,357.9	3,849.4	3,464.4
Revenue	3,823.3	3,561.5	3,357.9	3,849.4	3,464.4
Total Revenue	3,823.3	3,561.5	3,357.9	3,849.4	3,464.4

Cost of Revenue	3,265.4	3,051.5	3,012.5	3,264.1	2,989.2
Cost of Revenue, Total	3,265.4	3,051.5	3,012.5	3,264.1	2,989.2
Gross Profit	557.8	510.1	345.4	585.3	475.1

Selling/General/Administrative Expense	208.3	198.5	214.2	179.7	154.1
Labor & Related Expense	128.9	117.6	123.1	113.6	98.1
Total Selling/General/Administrative Expenses	337.2	316.0	337.3	293.3	252.2
Impairment-Assets Held for Use	0.0	0.6	0.0	16.8	0.0
Impairment-Assets Held for Sale	-	0.0	1.2	1.4	0.0
Other Unusual Expense (Income)	147.6	-0.2	0.0	-0.1	0.0
Unusual Expense (Income)	147.6	0.4	1.2	18.1	0.0
Total Operating Expense	3,750.3	3,368.0	3,351.0	3,575.6	3,241.4

Operating Income	73.0	193.6	6.9	273.9	223.0

Interest Expense - Non-Operating	-3.3	-2.3	-3.9	-4.9	-3.4
Interest Expense, Net Non-Operating	-3.3	-2.3	-3.9	-4.9	-3.4
Interest Income - Non-Operating	5.9	4.6	7.3	6.3	3.5
Investment Income - Non-Operating	3.9	14.6	-7.0	9.3	10.4
Interest/Investment Income - Non-Operating	9.8	19.2	0.3	15.6	13.9
Interest Income (Expense) - Net Non-Operating Total	6.5	16.9	-3.6	10.7	10.5
Gain (Loss) on Sale of Assets	-	-	0.0	0.1	0.0
Other Non-Operating Income (Expense)	6.9	8.2	5.6	0.8	2.8
Other, Net	6.9	8.2	5.6	0.8	2.8
Income Before Tax	86.4	218.8	9.0	285.5	236.3

Total Income Tax	17.3	75.5	-9.0	89.1	77.4
Income After Tax	69.1	143.3	18.0	196.4	158.9

Minority Interest	-8.0	-7.7	-7.4	-10.3	-5.4
Net Income Before Extraord Items	61.1	135.6	10.6	186.2	153.5
Net Income	61.1	135.6	10.6	186.2	153.5

Miscellaneous Earnings Adjustment	0.0	0.0	0.0	0.0	0.0
Total Adjustments to Net Income	0.0	0.0	0.0	0.0	0.0
Income Available to Common Excl Extraord Items	61.1	135.6	10.6	186.2	153.5

Income Available to Common Incl Extraord Items	61.1	135.6	10.6	186.2	153.5

Basic/Primary Weighted Average Shares	90.3	90.3	90.3	90.1	90.9
Basic EPS Excl Extraord Items	0.68	1.50	0.12	2.07	1.69
Basic/Primary EPS Incl Extraord Items	0.68	1.50	0.12	2.07	1.69
Dilution Adjustment	0.0	0.0	0.0	0.0	0.0
Diluted Net Income	61.1	135.6	10.6	186.2	153.5
Diluted Weighted Average Shares	90.3	90.3	90.3	90.4	91.2
Diluted EPS Excl Extraord Items	0.68	1.50	0.12	2.06	1.68
Diluted EPS Incl Extraord Items	0.68	1.50	0.12	2.06	1.68
Dividends per Share - Common Stock Primary Issue	0.35	0.34	0.32	0.42	0.29
Gross Dividends - Common Stock	31.6	31.1	28.8	37.9	26.1
Interest Expense, Supplemental	3.3	2.3	3.9	4.9	3.4
Depreciation, Supplemental	174.3	178.2	187.5	155.9	136.7
Total Special Items	147.7	0.7	2.0	18.1	0.1
Normalized Income Before Tax	234.1	219.5	10.9	303.6	236.4

Effect of Special Items on Income Taxes	29.6	0.1	0.4	5.6	0.0
Inc Tax Ex Impact of Sp Items	46.9	75.6	-8.6	94.7	77.4
Normalized Income After Tax	187.3	143.9	19.5	208.9	159.0

Normalized Inc. Avail to Com.	179.2	136.2	12.1	198.7	153.6

Basic Normalized EPS	1.98	1.51	0.13	2.21	1.69
Diluted Normalized EPS	1.98	1.51	0.13	2.20	1.68
Amort of Acquisition Costs, Supplemental	0.0	0.3	0.8	0.1	0.1
Research & Development Exp, Supplemental	198.0	178.7	178.2	160.3	151.6
Reported Operating Profit	220.6	194.0	8.1	292.0	212.9
Reported Ordinary Profit	234.1	219.2	10.2	301.1	226.6
Normalized EBIT	220.6	194.0	8.1	292.0	223.0
Normalized EBITDA	395.0	372.5	196.4	448.0	359.8
Interest Cost - Domestic	12.6	11.2	10.7	9.8	8.9
Service Cost - Domestic	26.7	24.2	22.7	22.5	20.5
Prior Service Cost - Domestic	-11.2	-10.2	-4.7	-0.3	-0.6
Expected Return on Assets - Domestic	-9.4	-7.7	-10.4	-9.3	-8.1
Actuarial Gains and Losses - Domestic	9.9	11.2	5.4	1.3	2.1
Transition Costs - Domestic	5.3	4.6	5.6	5.3	4.9
Domestic Pension Plan Expense	33.8	33.3	29.3	29.2	27.8
Total Pension Expense	33.8	33.3	29.3	29.2	27.8
Discount Rate - Domestic	2.00%	2.00%	2.00%	2.00%	2.00%
Expected Rate of Return - Domestic	3.00%	3.00%	4.50%	4.50%	4.50%
Total Plan Interest Cost	12.6	11.2	10.7	9.8	8.9
Total Plan Service Cost	26.7	24.2	22.7	22.5	20.5
Total Plan Expected Return	-9.4	-7.7	-10.4	-9.3	-8.1

Interim Income Statement

Standardized

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	690.1	962.0	983.9	972.7	909.8
Revenue	690.1	962.0	983.9	972.7	909.8
Total Revenue	690.1	962.0	983.9	972.7	909.8

Cost of Revenue	652.1	835.0	839.4	821.7	774.3
Cost of Revenue, Total	652.1	835.0	839.4	821.7	774.3
Gross Profit	38.0	127.0	144.5	150.9	135.4

Selling/General/Administrative Expense	75.3	66.8	50.9	46.0	40.8
Labor & Related Expense	-	29.8	38.8	33.8	31.9
Total Selling/General/Administrative Expenses	75.3	96.6	89.7	79.8	72.7
Impairment-Assets Held for Sale	0.1	0.0	0.0	-	0.0
Other Unusual Expense (Income)	-0.5	-0.1	0.0	75.8	66.9
Unusual Expense (Income)	-0.4	-0.1	0.0	75.8	66.9
Total Operating Expense	727.0	931.5	929.1	977.3	914.0

Operating Income	-36.8	30.5	54.9	-4.6	-4.2

Interest Expense - Non-Operating	-0.8	-1.2	-0.7	-0.7	-0.7
Interest Expense, Net Non-Operating	-0.8	-1.2	-0.7	-0.7	-0.7
Interest Income - Non-Operating	1.9	1.5	1.5	1.5	1.4
Investment Income - Non-Operating	4.9	4.6	3.7	0.0	-3.8
Interest/Investment Income - Non-Operating	6.7	6.1	5.2	1.5	-2.5
Interest Income (Expense) - Net Non-Operating Total	5.9	5.0	4.5	0.9	-3.2
Other Non-Operating Income (Expense)	1.3	2.7	1.9	2.2	0.4
Other, Net	1.3	2.7	1.9	2.2	0.4
Income Before Tax	-29.6	38.1	61.2	-1.5	-7.0

Total Income Tax	-15.6	8.8	17.4	-9.1	1.2
Income After Tax	-14.0	29.3	43.8	7.6	-8.3

Minority Interest	-1.2	-1.7	-1.8	-2.3	-2.2
Net Income Before Extraord Items	-15.2	27.6	42.0	5.3	-10.5
Net Income	-15.2	27.6	42.0	5.3	-10.5

Miscellaneous Earnings Adjustment	-	0.0	0.0	-	0.0
Total Adjustments to Net Income	-	0.0	0.0	-	0.0
Income Available to Common Excl Extraord Items	-15.2	27.6	42.0	5.3	-10.5

Income Available to Common Incl Extraord Items	-15.2	27.6	42.0	5.3	-10.5

Basic/Primary Weighted Average Shares	90.3	90.3	90.3	90.3	90.3
Basic EPS Excl Extraord Items	-0.17	0.31	0.47	0.06	-0.12
Basic/Primary EPS Incl Extraord Items	-0.17	0.31	0.47	0.06	-0.12
Dilution Adjustment	0.0	0.0	0.0	0.0	0.0
Diluted Net Income	-15.2	27.6	42.0	5.3	-10.5
Diluted Weighted Average Shares	90.3	90.3	90.3	90.3	90.3
Diluted EPS Excl Extraord Items	-0.17	0.31	0.47	0.06	-0.12
Diluted EPS Incl Extraord Items	-0.17	0.31	0.47	0.06	-0.12
Dividends per Share - Common Stock Primary Issue	0.00	0.17	0.00	0.19	0.00
Gross Dividends - Common Stock	0.0	15.4	0.0	16.8	0.0
Interest Expense, Supplemental	0.8	1.2	0.7	0.7	0.7
Depreciation, Supplemental	40.6	44.5	45.2	43.1	41.8
Total Special Items	-0.4	-0.1	0.0	75.8	66.9
Normalized Income Before Tax	-30.0	38.0	61.2	74.2	59.9

Effect of Special Items on Income Taxes	-0.1	0.0	0.0	26.5	23.4
Inc Tax Ex Impact of Sp Items	-15.8	8.7	17.4	17.4	24.7
Normalized Income After Tax	-14.2	29.3	43.8	56.9	35.2

Normalized Inc. Avail to Com.	-15.4	27.5	42.0	54.6	33.0

Basic Normalized EPS	-0.17	0.30	0.47	0.60	0.37
Diluted Normalized EPS	-0.17	0.30	0.47	0.60	0.37
Amort of Acquisition Costs, Supplemental	0.0	0.0	0.0	0.0	0.0
Reported Operating Profit	-37.2	30.3	54.8	71.2	62.7
Reported Ordinary Profit	-30.0	37.9	61.2	74.2	59.9
Normalized EBIT	-37.2	30.3	54.8	71.2	62.7
Normalized EBITDA	3.4	74.8	100.1	114.2	104.5

Annual Balance Sheet

Standardized

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	Unqualified	Unqualified	Unqualified

Cash & Equivalents	327.7	251.3	162.6	197.9	114.0
Short Term Investments	548.7	372.5	127.2	187.4	221.8
Cash and Short Term Investments	876.4	623.9	289.8	385.3	335.8
Accounts Receivable - Trade, Gross	502.4	639.9	362.1	691.8	592.1
Provision for Doubtful Accounts	-0.5	-0.5	-0.7	-1.3	-1.1
Trade Accounts Receivable - Net	502.0	639.4	361.4	690.5	590.9
Total Receivables, Net	502.0	639.4	361.4	690.5	590.9
Inventories - Finished Goods	81.8	69.0	60.7	72.9	-
Inventories - Work In Progress	139.1	119.9	109.0	123.5	-
Inventories - Raw Materials	50.1	42.7	36.4	34.5	-
Total Inventory	271.0	231.6	206.0	230.8	207.3
Deferred Income Tax - Current Asset	99.6	63.9	46.6	53.2	45.8
Other Current Assets	72.6	63.8	83.6	50.9	57.5
Other Current Assets, Total	172.2	127.7	130.1	104.2	103.3
Total Current Assets	1,821.6	1,622.6	987.3	1,410.7	1,237.3

Buildings	761.5	680.3	621.3	592.0	468.9
Land/Improvements	118.9	104.6	97.9	93.2	75.2
Machinery/Equipment	2,456.6	2,184.9	2,045.3	2,014.2	1,656.2
Construction in Progress	65.7	51.5	59.8	52.7	50.3
Property/Plant/Equipment - Gross	3,402.8	3,021.3	2,824.4	2,752.1	2,250.6
Accumulated Depreciation	-2,559.0	-2,228.1	-2,013.8	-1,908.5	-1,553.5
Property/Plant/Equipment - Net	843.8	793.2	810.5	843.7	697.1
Goodwill, Net	-	0.0	1.5	0.0	16.5
Intangibles, Net	24.4	26.9	30.2	22.4	16.3
LT Investments - Other	261.5	284.5	271.7	305.9	119.0
Long Term Investments	261.5	284.5	271.7	305.9	119.0
Note Receivable - Long Term	6.9	6.0	4.7	4.4	4.0
Pension Benefits - Overfunded	92.8	77.3	71.3	63.8	44.5
Deferred Income Tax - Long Term Asset	63.1	58.4	95.1	53.8	49.9
Other Long Term Assets	19.3	17.7	21.5	16.6	17.2
Other Long Term Assets, Total	175.2	153.5	187.9	134.3	111.6
Total Assets	3,133.4	2,886.7	2,294.0	2,721.3	2,201.8

Accounts Payable	467.1	495.0	292.9	557.0	493.8
Accrued Expenses	72.5	64.4	46.6	160.6	125.7
Notes Payable/Short Term Debt	48.4	50.0	46.1	38.6	44.5
Current Portion - Long Term Debt/Capital Leases	4.2	3.9	3.8	0.0	-
Income Taxes Payable	8.1	35.3	1.1	40.3	36.4
Other Current Liabilities	279.8	205.3	182.8	110.7	88.9
Other Current liabilities, Total	287.9	240.6	183.9	151.0	125.3
Total Current Liabilities	880.2	853.9	573.3	907.2	789.4

Long Term Debt	95.1	88.7	13.2	0.0	0.0
Capital Lease Obligations	1.7	2.1	2.7	0.0	-
Total Long Term Debt	96.8	90.8	16.0	0.0	0.0
Total Debt	149.4	144.7	65.9	38.6	44.5

Deferred Income Tax - LT Liability	1.5	2.0	1.1	0.8	1.4
Deferred Income Tax	1.5	2.0	1.1	0.8	1.4
Minority Interest	45.9	40.1	32.4	30.8	23.4
Pension Benefits - Underfunded	209.1	188.5	181.0	178.7	145.9
Other Long Term Liabilities	1.7	1.3	0.0	7.6	8.2
Other Liabilities, Total	210.9	189.7	181.0	186.3	154.0
Total Liabilities	1,235.2	1,176.4	803.8	1,125.0	968.2

Common Stock	275.8	244.6	231.4	229.6	193.6
Common Stock	275.8	244.6	231.4	229.6	193.6
Additional Paid-In Capital	311.2	274.6	258.2	254.4	213.0
Retained Earnings (Accumulated Deficit)	1,506.2	1,318.9	1,135.1	1,167.5	837.6
Treasury Stock - Common	-85.0	-75.3	-71.3	-71.9	-65.9
Unrealized Gain (Loss)	-0.5	5.4	-13.4	15.3	19.9
Translation Adjustment	-109.5	-58.0	-49.8	1.4	35.5
Other Equity, Total	-109.5	-58.0	-49.8	1.4	35.5
Total Equity	1,898.2	1,710.2	1,490.2	1,596.3	1,233.7

Total Liabilities & Shareholders’ Equity	3,133.4	2,886.6	2,294.0	2,721.3	2,201.8

Shares Outstanding - Common Stock Primary Issue	90.3	90.3	90.3	90.3	89.9
Total Common Shares Outstanding	90.3	90.3	90.3	90.3	89.9
Treasury Shares - Common Stock Primary Issue	3.9	3.9	3.9	4.0	4.3
Employees	15,110	15,028	14,838	14,776	13,705
Number of Common Shareholders	8,441	9,504	9,151	6,156	8,205
Total Long Term Debt, Supplemental	98.4	91.6	16.0	0.0	4.0
Long Term Debt Maturing within 1 Year	3.3	2.9	2.7	0.0	4.0
Long Term Debt Maturing in Year 2	26.4	2.9	2.7	0.0	0.0
Long Term Debt Maturing in Year 3	3.1	25.4	2.7	0.0	0.0
Long Term Debt Maturing in Year 4	61.4	2.5	2.2	0.0	0.0
Long Term Debt Maturing in Year 5	0.9	54.4	1.9	0.0	0.0
Long Term Debt Maturing in 2-3 Years	29.5	28.2	5.4	0.0	0.0
Long Term Debt Maturing in 4-5 Years	62.2	56.9	4.1	0.0	0.0
Long Term Debt Matur. in Year 6 & Beyond	3.3	3.5	3.8	0.0	0.0
Total Capital Leases, Supplemental	2.6	3.1	3.9	-	-
Capital Lease Payments Due in Year 1	0.9	1.0	1.1	-	-
Capital Lease Payments Due in Year 2	0.7	0.8	0.9	-	-
Capital Lease Payments Due in Year 3	0.5	0.6	0.7	-	-
Capital Lease Payments Due in Year 4	0.4	0.4	0.5	-	-
Capital Lease Payments Due in Year 5	0.0	0.3	0.3	-	-
Capital Lease Payments Due in 2-3 Years	1.3	1.4	1.7	-	-
Capital Lease Payments Due in 4-5 Years	0.4	0.7	0.9	-	-
Cap. Lease Pymts. Due in Year 6 & Beyond	0.0	0.0	0.2	-	-
Pension Obligation - Domestic	614.1	531.6	482.4	519.1	432.9
Plan Assets - Domestic	418.4	369.0	295.9	352.4	339.7
Funded Status - Domestic	-195.7	-162.6	-186.5	-166.7	-93.1
Total Funded Status	-195.7	-162.6	-186.5	-166.7	-93.1
Discount Rate - Domestic	2.00%	2.00%	2.00%	2.00%	2.00%
Expected Rate of Return - Domestic	3.00%	3.00%	4.50%	4.50%	4.50%
Prepaid Benefits - Domestic	92.8	77.3	71.3	63.8	44.5
Accrued Liabilities - Domestic	-202.1	-182.9	-175.8	-172.6	-141.0
Other Assets, Net - Domestic	86.4	57.0	82.1	57.9	-3.4
Net Assets Recognized on Balance Sheet	-22.9	-48.6	-22.4	-50.9	-100.0
Total Plan Obligations	614.1	531.6	482.4	519.1	432.9
Total Plan Assets	418.4	369.0	295.9	352.4	339.7

Interim Balance Sheet

Standardized

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 & Equivalents	301.2	327.7	301.2	279.8	295.2
Short Term Investments	455.3	548.7	513.3	522.3	406.0
Cash and Short Term Investments	756.5	876.4	814.5	802.1	701.2
Accounts Receivable - Trade, Gross	500.9	502.4	565.6	611.7	593.8
Provision for Doubtful Accounts	-0.4	-0.5	-0.6	-0.6	-0.5
Trade Accounts Receivable - Net	500.6	502.0	565.1	611.1	593.3
Total Receivables, Net	500.6	502.0	565.1	611.1	593.3
Inventories - Finished Goods	85.5	81.8	72.5	71.7	68.7
Inventories - Work In Progress	134.5	139.1	130.6	127.3	118.1
Inventories - Raw Materials	53.8	50.1	47.6	47.2	42.5
Total Inventory	273.8	271.0	250.7	246.2	229.3
Other Current Assets	247.4	172.2	186.0	175.4	189.6
Other Current Assets, Total	247.4	172.2	186.0	175.4	189.6
Total Current Assets	1,778.3	1,821.6	1,816.3	1,834.9	1,713.4

Property/Plant/Equipment - Net	853.9	843.8	851.4	843.5	810.0
Intangibles, Net	23.7	24.4	25.8	26.5	26.6
LT Investments - Other	279.4	261.5	278.2	268.0	267.6
Long Term Investments	279.4	261.5	278.2	268.0	267.6
Other Long Term Assets	193.6	182.1	184.7	183.6	173.9
Other Long Term Assets, Total	193.6	182.1	184.7	183.6	173.9
Total Assets	3,128.8	3,133.4	3,156.4	3,156.4	2,991.6

Accounts Payable	390.0	467.1	489.6	504.0	481.1
Accrued Expenses	34.8	69.6	35.5	61.7	33.3
Notes Payable/Short Term Debt	77.6	48.4	41.5	54.1	45.3
Current Portion - Long Term Debt/Capital Leases	7.8	4.2	3.4	3.3	3.1
Income Taxes Payable	9.6	8.1	9.1	10.7	11.9
Other Current Liabilities	337.3	282.7	301.1	326.2	335.9
Other Current liabilities, Total	346.9	290.8	310.2	336.9	347.8
Total Current Liabilities	857.0	880.2	880.1	960.0	910.6

Long Term Debt	95.4	95.1	97.2	95.7	91.8
Capital Lease Obligations	-	1.7	-	-	-
Total Long Term Debt	95.4	96.8	97.2	95.7	91.8
Total Debt	180.7	149.4	142.1	153.1	140.2

Minority Interest	46.8	45.9	45.4	43.3	39.6
Reserves	5.5	7.0	6.8	6.2	5.5
Pension Benefits - Underfunded	206.5	202.1	210.0	203.4	192.3
Other Long Term Liabilities	5.0	3.3	7.2	7.2	6.9
Other Liabilities, Total	217.1	212.4	224.0	216.8	204.7
Total Liabilities	1,216.3	1,235.2	1,246.7	1,315.8	1,246.7

Common Stock	283.0	275.8	281.8	273.6	258.3
Common Stock	283.0	275.8	281.8	273.6	258.3
Additional Paid-In Capital	319.6	311.2	317.5	307.6	289.9
Retained Earnings (Accumulated Deficit)	1,514.7	1,506.2	1,511.1	1,442.9	1,357.0
Treasury Stock - Common	-87.2	-85.0	-86.8	-84.3	-79.5
Unrealized Gain (Loss)	3.2	-0.5	2.5	-3.5	-3.5
Translation Adjustment	-120.8	-109.5	-116.4	-95.6	-77.3
Other Equity, Total	-120.8	-109.5	-116.4	-95.6	-77.3
Total Equity	1,912.5	1,898.2	1,909.7	1,840.6	1,744.9

Total Liabilities & Shareholders’ Equity	3,128.8	3,133.4	3,156.4	3,156.4	2,991.6

Shares Outstanding - Common Stock Primary Issue	90.3	90.3	90.3	90.3	90.3
Total Common Shares Outstanding	90.3	90.3	90.3	90.3	90.3
Treasury Shares - Common Stock Primary Issue	3.9	3.9	3.9	3.9	3.9
Employees	-	15,110	15,083	15,052	15,065

Annual Cash Flows

Standardized

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	Unqualified	Unqualified	Unqualified

Net Income/Starting Line	86.4	218.8	9.0	285.5	236.3
Depreciation	174.3	178.2	187.5	155.9	136.7
Depreciation/Depletion	174.3	178.2	187.5	155.9	136.7
Amortization of Acquisition Costs	0.0	0.3	0.8	0.1	0.1
Amortization	0.0	0.3	0.8	0.1	0.1
Unusual Items	5.1	3.2	4.3	16.9	3.8
Equity in Net Earnings (Loss)	-2.8	-0.9	-1.2	-3.9	-3.3
Other Non-Cash Items	43.2	-30.7	26.9	-14.9	-33.4
Non-Cash Items	45.6	-28.4	30.1	-1.9	-33.0
Accounts Receivable	196.4	-255.0	310.7	-3.6	-66.1
Inventories	-19.5	-11.1	12.4	3.5	-2.5
Accounts Payable	-70.5	182.4	-245.3	-8.9	17.1
Accrued Expenses	-0.1	14.2	-11.5	7.4	2.5
Taxes Payable	-7.3	5.9	-3.8	0.0	3.3
Other Operating Cash Flow	-44.2	45.9	-88.5	-53.5	-54.9
Changes in Working Capital	54.9	-17.6	-26.0	-55.0	-100.7
Cash from Operating Activities	361.2	351.3	201.3	384.6	239.5

Purchase of Fixed Assets	-165.3	-128.1	-206.5	-181.1	-167.2
Capital Expenditures	-165.3	-128.1	-206.5	-181.1	-167.2
Sale of Fixed Assets	3.2	1.7	2.3	1.8	2.2
Sale/Maturity of Investment	43.3	32.4	20.3	129.3	16.5
Purchase of Investments	-2.2	-2.4	-55.3	-217.4	-80.9
Other Investing Cash Flow	-12.4	-2.8	-12.2	-10.6	0.4
Other Investing Cash Flow Items, Total	32.0	29.0	-44.8	-97.0	-61.8
Cash from Investing Activities	-133.3	-99.1	-251.3	-278.1	-229.0

Other Financing Cash Flow	-4.4	-0.1	-0.7	0.8	1.4
Financing Cash Flow Items	-4.4	-0.1	-0.7	0.8	1.4
Cash Dividends Paid - Common	-42.1	-15.6	-44.0	-33.8	-21.8
Total Cash Dividends Paid	-42.1	-15.6	-44.0	-33.8	-21.8
Repurchase/Retirement of Common	-0.2	0.0	0.0	-0.1	-55.7
Common Stock, Net	-0.2	0.0	0.0	-0.1	-55.7
Issuance (Retirement) of Stock, Net	-0.2	0.0	0.0	-0.1	-55.7
Short Term Debt, Net	-9.1	-1.0	-0.4	-11.3	4.4
Long Term Debt Issued	1.9	80.0	9.0	0.0	-
Long Term Debt Reduction	-2.0	-3.0	-0.8	0.0	-
Long Term Debt, Net	-0.1	77.0	8.2	0.0	-
Issuance (Retirement) of Debt, Net	-9.2	76.1	7.8	-11.3	4.4
Cash from Financing Activities	-55.9	60.4	-37.0	-44.5	-71.7

Foreign Exchange Effects	-18.6	2.9	-16.6	-13.7	6.3
Net Change in Cash	153.3	315.5	-103.6	48.3	-54.9

Net Cash - Beginning Balance	634.0	269.1	352.5	261.5	310.5
Net Cash - Ending Balance	787.3	584.6	248.9	309.9	255.6
Cash Interest Paid	3.3	2.1	3.9	4.9	3.3
Cash Taxes Paid	66.4	-20.3	82.5	78.7	64.0

Interim Cash Flows

Standardized

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/Starting Line	86.4	49.3	-8.7	-7.0	218.8
Depreciation	174.3	129.9	84.8	41.8	178.2
Depreciation/Depletion	174.3	129.9	84.8	41.8	178.2
Amortization of Acquisition Costs	0.0	0.0	0.0	0.0	0.3
Amortization	0.0	0.0	0.0	0.0	0.3
Unusual Items	5.1	4.7	3.9	2.3	3.2
Equity in Net Earnings (Loss)	-2.8	-4.4	-1.4	-0.4	-0.9
Other Non-Cash Items	43.1	44.2	120.5	69.0	-31.7
Non-Cash Items	45.5	44.5	123.0	71.0	-29.4
Accounts Receivable	196.4	141.4	84.6	69.0	-255.0
Inventories	-19.5	0.4	2.3	6.8	-11.1
Accounts Payable	-70.5	-53.0	-30.7	-29.4	182.4
Accrued Expenses	0.1	-33.3	-7.0	-30.7	15.2
Taxes Payable	-7.3	-3.8	-4.6	-3.5	5.9
Other Operating Cash Flow	-44.2	-20.0	-49.5	-18.8	45.9
Changes in Working Capital	55.0	31.7	-4.9	-6.5	-16.6
Cash from Operating Activities	361.2	255.5	194.3	99.2	351.3

Purchase of Fixed Assets	-165.3	-128.4	-83.5	-36.0	-128.1
Capital Expenditures	-165.3	-128.4	-83.5	-36.0	-128.1
Sale of Fixed Assets	3.2	2.6	0.8	0.4	1.7
Sale/Maturity of Investment	43.3	26.6	24.8	3.3	32.4
Purchase of Investments	-2.2	-2.0	-1.2	0.0	-2.4
Other Investing Cash Flow	-12.4	-14.1	-16.4	-10.8	-2.8
Other Investing Cash Flow Items, Total	32.0	13.1	8.0	-7.2	29.0
Cash from Investing Activities	-133.3	-115.4	-75.5	-43.2	-99.1

Other Financing Cash Flow	-4.4	-4.4	-4.3	-4.1	-0.1
Financing Cash Flow Items	-4.4	-4.4	-4.3	-4.1	-0.1
Cash Dividends Paid - Common	-42.1	-41.6	-24.3	-23.5	-15.6
Total Cash Dividends Paid	-42.1	-41.6	-24.3	-23.5	-15.6
Repurchase/Retirement of Common	-0.2	-0.1	-0.1	0.0	0.0
Common Stock, Net	-0.2	-0.1	-0.1	0.0	0.0
Issuance (Retirement) of Stock, Net	-0.2	-0.1	-0.1	0.0	0.0
Short Term Debt, Net	-9.1	-12.6	0.1	-3.6	-1.0
Long Term Debt Issued	1.9	0.9	0.9	0.0	80.0
Long Term Debt Reduction	-2.0	-1.3	-1.0	-0.3	-3.0
Long Term Debt, Net	-0.1	-0.4	-0.2	-0.3	77.0
Issuance (Retirement) of Debt, Net	-9.2	-13.0	0.0	-3.9	76.1
Cash from Financing Activities	-55.9	-59.2	-28.7	-31.5	60.4

Foreign Exchange Effects	-18.6	-22.1	-15.4	-8.8	2.9
Net Change in Cash	153.3	58.8	74.7	15.7	315.5

Net Cash - Beginning Balance	634.0	625.8	610.7	590.0	269.1
Net Cash - Ending Balance	787.3	684.7	685.4	605.7	584.6
Cash Interest Paid	3.3	2.3	1.6	1.0	2.1
Cash Taxes Paid	66.4	74.9	48.5	35.7	-20.3

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	Unqualified	Unqualified	Unqualified

Net sales	3,823.3	3,561.5	3,357.9	3,849.4	3,464.4
Total Revenue	3,823.3	3,561.5	3,357.9	3,849.4	3,464.4

Cost of Sales	3,265.4	3,051.5	3,012.5	3,264.1	2,989.2
Payroll	105.8	96.3	99.4	86.2	82.4
Doubtful Acct Allow.	-	-	0.1	-	-
Allowance for bonus	13.1	12.0	8.8	19.6	17.6
Allowance for director bonus	2.8	2.5	1.4	2.3	2.2
Periodic pension cost	5.6	5.5	12.1	4.4	4.5
Res.dir's retire.bene.	1.6	1.3	1.4	1.1	1.6
Reserve for Product Warranty	27.3	35.7	-	-	-
Other SGA expenses	181.0	162.8	214.1	179.7	154.1
SP Reversal G Bad Debt	-	-	0.0	-0.1	0.0
SP G on rev. of st. subscrip. rights	-0.8	-0.2	0.0	0.0	-
SP Patent Legal Settlment	-	-	-	0.0	-10.0
SP Loss Valuation Investment Secs.	-	0.0	1.2	0.0	-
SP L-Adjust. for changes of acct. Assets	2.1	0.0	-	-	-
SP Loss on retirement of non-current ass	0.0	0.6	0.0	-	-
SP Reserve for product warranty	146.3	0.0	-	-	-
SP Impairment loss	-	-	0.0	16.8	0.0
SP L on val. of inv't in closely-held	-	-	0.0	1.4	0.0
Total Operating Expense	3,750.3	3,368.0	3,351.0	3,575.6	3,241.4

SP Sale Gain-Fixed Asset	-	-	0.0	0.1	0.0
SP G on sale of inv't secs.	-	-	0.0	2.5	0.0
SP Loss Sale & Retirement of Fixed Asset	-	-	-	0.0	0.0
SP L on sale of inv't secs.	-	-	-	0.0	-0.4
NOP Interest Income	5.9	4.6	7.3	6.3	3.5
NOP Dividend Income	1.8	1.1	2.1	1.0	0.9
NOP Equity in earnings of affiliates	2.8	0.9	1.2	3.9	3.3
NOP Foreign exchange gains	0.0	12.6	0.0	1.9	6.5
NOP Subsidy Income	1.8	6.7	0.0	-	-
NOP Other Non-Op. Income	6.1	4.6	7.2	3.7	4.0
NOP Interest Expense	-3.3	-2.3	-3.9	-4.9	-3.4
NOP Foreign Exch.Loss	-0.7	0.0	-10.3	0.0	-
NOP Commission expense on convert.bond	-	-	-	-	0.0
NOP Other Non-Op.Expense	-1.0	-3.1	-1.6	-2.9	-1.2
Net Income Before Taxes	86.4	218.8	9.0	285.5	236.3

Provision for Income Taxes	17.3	75.5	-9.0	89.1	77.4
Net Income After Taxes	69.1	143.3	18.0	196.4	158.9

Minority Interest	-8.0	-7.7	-7.4	-10.3	-5.4
Net Income Before Extra. Items	61.1	135.6	10.6	186.2	153.5
Net Income	61.1	135.6	10.6	186.2	153.5

Directors' Bonus	-	0.0	0.0	0.0	0.0
Earning Adjustment	0.0	0.0	-	0.0	0.0
Income Available to Com Excl ExtraOrd	61.1	135.6	10.6	186.2	153.5

Income Available to Com Incl ExtraOrd	61.1	135.6	10.6	186.2	153.5

Basic Weighted Average Shares	90.3	90.3	90.3	90.1	90.9
Basic EPS Excluding ExtraOrdinary Items	0.68	1.50	0.12	2.07	1.69
Basic EPS Including ExtraOrdinary Item	0.68	1.50	0.12	2.07	1.69
Dilution Adjustment	0.0	0.0	0.0	0.0	0.0
Diluted Net Income	61.1	135.6	10.6	186.2	153.5
Diluted Weighted Average Shares	90.3	90.3	90.3	90.4	91.2
Diluted EPS Excluding ExtraOrd Items	0.68	1.50	0.12	2.06	1.68
Diluted EPS Including ExtraOrd Items	0.68	1.50	0.12	2.06	1.68
DPS-Common Stock	0.35	0.34	0.32	0.42	0.29
Gross Dividends - Common Stock	31.6	31.1	28.8	37.9	26.1
Normalized Income Before Taxes	234.1	219.5	10.9	303.6	236.4

Inc Tax Ex Impact of Sp Items	46.9	75.6	-8.6	94.7	77.4
Normalized Income After Taxes	187.3	143.9	19.5	208.9	159.0

Normalized Inc. Avail to Com.	179.2	136.2	12.1	198.7	153.6

Basic Normalized EPS	1.98	1.51	0.13	2.21	1.69
Diluted Normalized EPS	1.98	1.51	0.13	2.20	1.68
Interest Expense	3.3	2.3	3.9	4.9	3.4
Amort of Goodwill&negative goodwill	0.0	0.3	0.8	0.1	0.1
R & D Exp.( SGA+COGS)	198.0	178.7	178.2	160.3	151.6
Depreciation	174.3	178.2	187.5	155.9	136.7
Reported Operating Profit	220.6	194.0	8.1	292.0	212.9
Reported Ordinary Profit	234.1	219.2	10.2	301.1	226.6
Service Cost	26.7	24.2	22.7	22.5	20.5
Interest Cost	12.6	11.2	10.7	9.8	8.9
Expected Return on Plan Assets	-9.4	-7.7	-10.4	-9.3	-8.1
Actuarial Gains & Losses	9.9	11.2	5.4	1.3	2.1
Prior Service Cost	-11.2	-10.2	-4.7	-0.3	-0.6
Transition L on Defined Contribution Pln	5.3	4.6	5.6	5.3	4.9
Domestic Pension Plan Expense	33.8	33.3	29.3	29.2	27.8
Total Pension Expense	33.8	33.3	29.3	29.2	27.8
Discout rate	2.00%	2.00%	2.00%	2.00%	2.00%
Expected rate of return	3.00%	3.00%	4.50%	4.50%	4.50%

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	690.1	962.0	983.9	972.7	909.8
Total Revenue	690.1	962.0	983.9	972.7	909.8

Cost of Sales	652.1	835.0	839.4	821.7	774.3
Total SGA	75.3	-	-	-	-
Payroll	-	27.4	28.9	25.5	24.3
Reserve for Product Warranty	-	13.7	7.0	2.9	4.2
Reserve for Bonus	-	-	7.1	5.8	5.3
Reserve for Director Bonus	-	0.6	0.8	0.8	0.7
Periodic Retirement Benefit	-	1.5	1.4	1.4	1.3
Reserve for Director Retirement Bonus	-	0.3	0.5	0.4	0.4
Reserve for Doubtful Account	-	-	-	0.0	0.0
Other SGA Expenses	-	53.2	43.9	43.1	36.6
SP Gain Valuation of Investment Security	-	0.0	-	-	-
SP G on reversal of subscription rights	-0.5	-0.1	0.0	-0.1	-0.5
SP L-Adjust. for changes of acct. Assets	0.0	0.0	-	-	2.0
SP Provision for product warranties	0.0	0.0	-	75.8	65.4
SP Loss Valuation of Investment Security	0.1	-	0.0	-	0.0
Total Operating Expense	727.0	931.5	929.1	977.3	914.0

NOP Interest Income	1.9	1.5	1.5	1.5	1.4
NOP Dividend Income	1.0	0.2	1.0	0.0	0.7
NOP Equity Gain	0.4	-	3.1	1.0	0.4
NOP Exchange Gains	3.5	6.2	0.0	0.0	0.0
NOP Subsidy Income	-	0.5	0.9	0.5	-
NOP Other Non-Op. Income	1.6	2.4	1.1	2.0	0.8
NOP Interest Expense	-0.8	-1.2	-0.7	-0.7	-0.7
NOP Equity losses	-	-1.7	-	0.0	0.0
NOP Foreign Exch.Loss	0.0	-	-0.4	-1.0	-4.8
NOP Other Non-Op.Expense	-0.3	-0.2	-0.1	-0.3	-0.4
Net Income Before Taxes	-29.6	38.1	61.2	-1.5	-7.0

Provision for Income Taxes	-15.6	8.8	17.4	-9.1	1.2
Net Income After Taxes	-14.0	29.3	43.8	7.6	-8.3

Minority Interest	-1.2	-1.7	-1.8	-2.3	-2.2
Net Income Before Extra. Items	-15.2	27.6	42.0	5.3	-10.5
Net Income	-15.2	27.6	42.0	5.3	-10.5

Adjustment	-	0.0	0.0	-	0.0
Income Available to Com Excl ExtraOrd	-15.2	27.6	42.0	5.3	-10.5

Income Available to Com Incl ExtraOrd	-15.2	27.6	42.0	5.3	-10.5

Basic Weighted Average Shares	90.3	90.3	90.3	90.3	90.3
Basic EPS Excluding ExtraOrdinary Items	-0.17	0.31	0.47	0.06	-0.12
Basic EPS Including ExtraOrdinary Item	-0.17	0.31	0.47	0.06	-0.12
Dilution Adjustment	0.0	0.0	0.0	0.0	0.0
Diluted Net Income	-15.2	27.6	42.0	5.3	-10.5
Diluted Weighted Average Shares	90.3	90.3	90.3	90.3	90.3
Diluted EPS Excluding ExtraOrd Items	-0.17	0.31	0.47	0.06	-0.12
Diluted EPS Including ExtraOrd Items	-0.17	0.31	0.47	0.06	-0.12
DPS-Common Stock	0.00	0.17	0.00	0.19	0.00
Gross Dividends - Common Stock	0.0	15.4	0.0	16.8	0.0
Normalized Income Before Taxes	-30.0	38.0	61.2	74.2	59.9

Inc Tax Ex Impact of Sp Items	-15.8	8.7	17.4	17.4	24.7
Normalized Income After Taxes	-14.2	29.3	43.8	56.9	35.2

Normalized Inc. Avail to Com.	-15.4	27.5	42.0	54.6	33.0

Basic Normalized EPS	-0.17	0.30	0.47	0.60	0.37
Diluted Normalized EPS	-0.17	0.30	0.47	0.60	0.37
Interest Expense	0.8	1.2	0.7	0.7	0.7
Depreciation	40.6	44.5	45.2	43.1	41.8
Amort. of goodwill	0.1	-	-	-	0.1
Amort. of negative goodwill	-0.1	-	-	-	-0.1
Amort. of goodwill & negative goodwill	-	0.0	0.0	0.0	-
Reported Operating Profit	-37.2	30.3	54.8	71.2	62.7
Reported Ordinary Profit	-30.0	37.9	61.2	74.2	59.9

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	Unqualified	Unqualified	Unqualified

Cash and Deposits	327.7	251.3	162.6	197.9	114.0
Note&Trade Receivables	502.4	639.9	362.1	691.8	592.1
Marketable Securities	548.7	372.5	127.2	187.4	221.8
Inventories	-	-	-	-	207.3
Inventories - merchandise&finished goods	81.8	69.0	60.7	72.9	-
Inventories - work-in-process	139.1	119.9	109.0	123.5	-
Inventories - raw materials&supplies	50.1	42.7	36.4	34.5	-
Deferred Tax	99.6	63.9	46.6	53.2	45.8
Other Current Assets	72.6	63.8	83.6	50.9	57.5
Allowance for Doubtful Account	-0.5	-0.5	-0.7	-1.3	-1.1
Total Current Assets	1,821.6	1,622.6	987.3	1,410.7	1,237.3

Building & Structure, gross	756.6	675.6	616.7	592.0	468.9
Accum. depr - bldg&struc	-440.8	-376.6	-336.4	-319.2	-260.4
Machinery&Equipment, gross	1,200.1	1,076.5	1,012.7	1,005.0	827.3
Accum. depr - machin&equip.	-953.6	-829.8	-740.3	-695.8	-567.0
Tool and Fixture, gross	1,256.6	1,108.4	1,032.6	1,009.2	828.9
Accum. depr - tools, furn, fixtur	-1,162.4	-1,019.9	-936.2	-893.5	-726.1
Land	118.9	104.6	97.9	93.2	75.2
Lease assets, gross	4.9	4.7	4.5	0.0	-
Accum. depr - lease assets	-2.2	-1.8	-0.9	0.0	-
Construction-in-Progress	65.7	51.5	59.8	52.7	50.3
Goodwill	-	0.0	1.5	0.0	16.5
Lease assets, intangible	0.0	0.1	0.1	0.0	-
Software	20.0	22.7	25.9	19.1	13.9
Other Intangibles	4.4	4.2	4.2	3.3	2.4
Invest. Securities	261.5	284.5	271.7	305.9	119.0
Long Term Loans	6.9	6.0	4.7	4.4	4.0
Pension Prepaid	92.8	77.3	71.3	63.8	44.5
Deferred Tax	63.1	58.4	95.1	53.8	49.9
Other Assets	20.8	19.1	22.8	17.2	17.7
Allowance for Doubtful Account	-1.5	-1.3	-1.2	-0.6	-0.5
Adjustment	-	0.0	-	-	-
Total Assets	3,133.4	2,886.7	2,294.0	2,721.3	2,201.8

Note&Trade Payable	467.1	495.0	292.9	557.0	493.8
Short Term Debt	48.4	50.0	46.1	38.6	44.5
LT borrowings (current)	3.3	2.9	2.7	0.0	-
Lease obligations, current	0.9	1.0	1.1	0.0	-
Accrued Expense	-	-	-	101.8	83.2
Accrued income taxes	8.1	35.3	1.1	40.3	36.4
Accrued Bonus	69.6	61.9	45.2	56.3	40.3
Allowance for Director Bonus	2.9	2.5	1.4	2.6	2.1
Asset retirement obligations	1.4	0.0	-	-	-
Product Guarantee	107.9	43.7	51.7	29.0	29.9
Other Current Liabilities	170.6	161.5	131.1	81.7	59.0
Total Current Liabilities	880.2	853.9	573.3	907.2	789.4

LT lease liability	1.7	2.1	2.7	0.0	-
Long Term Debt	95.1	88.7	13.2	0.0	0.0
Total Long Term Debt	96.8	90.8	16.0	0.0	0.0

Deferred Tax	1.5	2.0	1.1	0.8	1.4
Reserve for Retirement Benefit	202.1	182.9	175.8	172.6	141.0
Asset retirement obligations	0.8	0.0	-	-	-
Reserve for Director Retirement Bonus	7.0	5.5	5.3	6.1	4.8
Negative goodwill	0.7	0.6	0.0	0.2	0.0
Other Long-term liabilities	0.3	0.7	0.0	7.4	8.2
Minority Interest	45.9	40.1	32.4	30.8	23.4
Total Liabilities	1,235.2	1,176.4	803.8	1,125.0	968.2

Share Capital	275.8	244.6	231.4	229.6	193.6
Capital Reserve	303.3	269.0	254.6	252.5	212.7
Retained Earnings	1,506.2	1,318.9	1,135.1	1,167.5	837.6
Treasury Stock	-85.0	-75.3	-71.3	-71.9	-65.9
Unrealized Gain/Loss on Securities	-0.5	5.4	-13.4	15.3	19.9
Translation Adjustment	-109.5	-58.0	-49.8	1.4	35.5
Stock Subscription	8.0	5.6	3.6	1.9	0.4
Total Equity	1,898.2	1,710.2	1,490.2	1,596.3	1,233.7

Total Liabilities & Shareholders' Equity	3,133.4	2,886.6	2,294.0	2,721.3	2,201.8

S/O-Common Stock	90.3	90.3	90.3	90.3	89.9
Total Common Shares Outstanding	90.3	90.3	90.3	90.3	89.9
T/S-Common Stock	3.9	3.9	3.9	4.0	4.3
Full-Time Employees	15,110	15,028	14,838	14,776	13,705
Number of Common Shareholders	8,441	9,504	9,151	6,156	8,205
Long Term Debt Maturing Within 1 Year	3.3	2.9	2.7	0.0	4.0
Long Term Debt Maturing Within 2 Year	26.4	2.9	2.7	0.0	0.0
Long Term Debt Maturing Within 3 Year	3.1	25.4	2.7	0.0	0.0
Long Term Debt Maturing Within 4 Year	61.4	2.5	2.2	0.0	0.0
Long Term Debt Maturing Within 5 Year	0.9	54.4	1.9	0.0	0.0
Remaining	3.3	3.5	3.8	0.0	0.0
Total Long Term Debt, Supplemental	98.4	91.6	16.0	0.0	4.0
Capital lease due within 1 year	0.9	1.0	1.1	-	-
Capital lease due within 2 years	0.7	0.8	0.9	-	-
Capital lease due within 3 years	0.5	0.6	0.7	-	-
Capital lease due within 4 years	0.4	0.4	0.5	-	-
Capital lease due within 5 years	0.0	0.3	0.3	-	-
Capital lease due after 5 years	0.0	0.0	0.2	-	-
Total Capital Leases	2.6	3.1	3.9	-	-
Pension Obligation	614.1	531.6	482.4	519.1	432.9
Fair Value of Plan Assets	418.4	369.0	295.9	352.4	339.7
Funded Status	-195.7	-162.6	-186.5	-166.7	-93.1
Total Funded Status	-195.7	-162.6	-186.5	-166.7	-93.1
Discount Rate	2.00%	2.00%	2.00%	2.00%	2.00%
Expected Return on Plan Assets	3.00%	3.00%	4.50%	4.50%	4.50%
Unrecognized Actuarial Gains & losses	114.8	92.4	124.8	57.7	-3.3
Unrecognized Prior Service Cost	-28.4	-35.4	-42.7	0.2	-0.2
Prepaid Pension Benefit	92.8	77.3	71.3	63.8	44.5
Accrued Pension Benefit	-202.1	-182.9	-175.8	-172.6	-141.0
Net Assets Recognized on Balance Sheet	-22.9	-48.6	-22.4	-50.9	-100.0

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 and Deposit	301.2	327.7	301.2	279.8	295.2
Note&Trade Receivable	500.9	502.4	565.6	611.7	593.8
Marketable Securities	455.3	548.7	513.3	522.3	406.0
Merchandise and finished goods	85.5	81.8	72.5	71.7	68.7
Inventories - work-in-process	134.5	139.1	130.6	127.3	118.1
Raw materials and supplies	53.8	50.1	47.6	47.2	42.5
Other	247.4	172.2	186.0	175.4	189.6
Allowance for doubtful accounts	-0.4	-0.5	-0.6	-0.6	-0.5
Total Current Assets	1,778.3	1,821.6	1,816.3	1,834.9	1,713.4

Building and Structure, net	318.0	315.8	324.6	317.9	307.7
Machinery&Equipment and Vehicles, net	237.7	246.5	246.1	250.0	249.5
Other PPE, net	298.1	281.5	280.6	275.5	252.7
Total Intangible Assets,net	23.7	24.4	25.8	26.5	26.6
LT Investment in Securities	279.4	261.5	278.2	268.0	267.6
Other	195.1	183.7	186.3	185.0	175.3
Allowance for doubtful accounts	-1.5	-1.5	-1.5	-1.5	-1.4
Adjustment	-	-0.1	-	-	-
Total Assets	3,128.8	3,133.4	3,156.4	3,156.4	2,991.6

Note&Trade Payable	390.0	467.1	489.6	504.0	481.1
Short Term Debt	77.6	48.4	41.5	54.1	45.3
LT borrowings (current)	7.8	3.3	3.4	3.3	3.1
Lease obligations, current	-	0.9	-	-	-
Accrued income taxes	9.6	8.1	9.1	10.7	11.9
Allowance for Bonus	34.8	69.6	35.5	61.7	33.3
Reserve for Product Guarantee	109.0	107.9	99.6	178.3	115.9
Asset retirement obligations	1.3	-	-	-	-
Other provision	0.9	2.9	2.5	1.7	0.8
Other	226.1	171.9	198.9	146.3	219.1
Total Current Liabilities	857.0	880.2	880.1	960.0	910.6

Long Term Debt	95.4	95.1	97.2	95.7	91.8
Lease Liabilties	-	1.7	-	-	-
Total Long Term Debt	95.4	96.8	97.2	95.7	91.8

Reserve for Retirement Benefit	206.5	202.1	210.0	203.4	192.3
Other provision	5.5	7.0	6.8	6.2	5.5
Asset retirement obligations	0.8	0.8	2.7	2.6	2.5
Other	4.2	2.4	4.5	4.6	4.5
Minority Interest	46.8	45.9	45.4	43.3	39.6
Total Liabilities	1,216.3	1,235.2	1,246.7	1,315.8	1,246.7

Common stock	283.0	275.8	281.8	273.6	258.3
Capital Reserve	311.2	303.3	309.9	300.9	284.0
Retained earnings	1,514.7	1,506.2	1,511.1	1,442.9	1,357.0
Treasury Stock	-87.2	-85.0	-86.8	-84.3	-79.5
Unrealized Gain/Loss on Securities	3.2	-0.5	2.5	-3.5	-3.5
Translation Adjustment	-120.8	-109.5	-116.4	-95.6	-77.3
New Stock Subscription	8.4	8.0	7.6	6.8	5.9
Total Equity	1,912.5	1,898.2	1,909.7	1,840.6	1,744.9

Total Liabilities & Shareholders' Equity	3,128.8	3,133.4	3,156.4	3,156.4	2,991.6

S/O-Common Stock	90.3	90.3	90.3	90.3	90.3
Total Common Shares Outstanding	90.3	90.3	90.3	90.3	90.3
T/S-Common Stock	3.9	3.9	3.9	3.9	3.9
Full-Time Employees	-	15,110	15,083	15,052	15,065

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	Unqualified	Unqualified	Unqualified

Net Income Before Taxes	86.4	218.8	9.0	285.5	236.3
Depreciation	174.3	178.2	187.5	155.9	136.7
Impairment loss	-	-	0.0	16.8	0.0
Amort. of goodwill & negative goodwill	0.0	0.3	0.8	0.1	0.1
Allowance for Doubtful Account	0.0	-0.3	-0.4	0.0	0.0
Reserve for bonus	-0.1	14.2	-11.5	7.4	2.5
Reserve for director's bonuses	0.1	1.0	-1.2	0.0	2.2
Product Guarantee	57.2	-11.1	22.3	-5.2	-25.6
Reserve for Periodic Retirement Benefit	-9.1	-5.3	-7.4	-4.8	-2.7
Reserve for Director Retirement Bonus	0.8	-0.1	-0.9	0.3	0.7
Interest & Dividend Income	-7.7	-5.7	-9.4	-7.3	-4.4
Interest Expense	3.3	2.3	3.9	4.9	3.4
Gain/Loss on Foreign Exchange Rate	-1.2	-11.6	18.5	-2.8	-6.9
Income/Loss on Equity Method	-2.8	-0.9	-1.2	-3.9	-3.3
L-adjust. for changes of acct. Assets	2.1	0.0	-	-	-
Loss Sale & Retirement of Fixed Assets	3.0	3.2	3.2	2.5	3.8
Loss on val. of LT inv't secs.	-	0.0	1.2	0.0	-
G on sale of inv't secs.	-	-	0.0	-2.5	0.0
Account Receivable	196.4	-255.0	310.7	-3.6	-66.1
Decrease (increase) in inventories	-19.5	-11.1	12.4	3.5	-2.5
Account Payable	-70.5	182.4	-245.3	-8.9	17.1
Sales Tax Payable	-7.3	5.9	-3.8	0.0	3.3
Director Bonus Paid	-	-	-	0.0	-2.0
Other Operating Activities	16.9	21.5	-11.8	22.0	8.9
Interest & Dividend Received	8.6	6.2	9.7	8.1	5.5
Interest expenses paid	-3.3	-2.1	-3.9	-4.9	-3.3
Income tax (paid) refund	-66.4	20.3	-82.5	-78.7	-64.0
Inc. due to newly consol. subs.	-	-	0.8	0.0	-
Dec. due to un-consol. of subs.	-	-	-0.1	0.0	-
Inc due to merger	-	-	0.9	0.0	-
Adjustment	-0.1	-	-	-	0.0
Cash from Operating Activities	361.2	351.3	201.3	384.6	239.5

Sale/Redem. Marketable Securities	43.2	32.3	19.9	126.0	15.4
Capital Expenditures	-165.3	-128.1	-206.5	-181.1	-167.2
Sale of Fixed Assets	3.2	1.7	2.3	1.8	2.2
Purchase of Investment Securities	-1.2	-1.8	-52.7	-214.5	-80.9
Proceeds from sales of investment securi	0.1	0.1	0.4	3.4	0.0
Purchase of Subsidiary Stock	0.0	-0.6	-2.5	-0.2	0.0
Sale Investment Proportion in Affiliates	-	-	-	0.0	1.1
Purchase of Additional Subsidiary Stock	-	-	-	-	0.0
Purchase of Affiliates' Stock	-0.9	0.0	0.0	-2.8	-
Loan Extended	-3.8	-3.8	-3.0	-1.5	-1.8
Loan Recovered	3.2	2.5	2.3	1.9	1.9
Other Investing Activities	-11.8	-1.5	-11.6	-11.0	0.3
Cash from Investing Activities	-133.3	-99.1	-251.3	-278.1	-229.0

Short Term Debt, Net	-9.1	-1.0	-0.4	-11.3	4.4
Long Term Debt, issd	1.9	80.0	9.0	0.0	-
Long Term Debt, repaid	-0.7	-1.8	0.0	-	-
Repaid of lease liability	-1.3	-1.2	-0.8	0.0	-
Dividend Paid	-42.1	-15.6	-44.0	-33.8	-21.8
Dividend Paid to Minority Interest	-4.5	-2.0	-6.9	-5.0	-2.1
Proceed from minority interest	0.0	1.9	4.9	0.0	-
Purchase Treasury Stock	-0.2	0.0	0.0	-0.1	-55.7
Other Financing Activities	0.0	0.1	1.3	5.8	3.5
Cash from Financing Activities	-55.9	60.4	-37.0	-44.5	-71.7

Foreign Exchange Effects	-18.6	2.9	-16.6	-13.7	6.3
Net Change in Cash	153.3	315.5	-103.6	48.3	-54.9

Net Cash - Beginning Balance	634.0	269.1	352.5	261.5	310.5
Net Cash - Ending Balance	787.3	584.6	248.9	309.9	255.6
Cash Interest Paid	3.3	2.1	3.9	4.9	3.3
Cash Taxes Paid	66.4	-20.3	82.5	78.7	64.0

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 Before Tax	86.4	49.3	-8.7	-7.0	218.8
Depreciation	174.3	129.9	84.8	41.8	178.2
Amort. of goodwill & negative goodwill	0.0	0.0	0.0	0.0	0.3
Allowance for Doubtful Account	0.0	0.1	0.1	0.0	-0.3
Reserve for Bonus	-0.1	-33.3	-7.0	-30.7	14.2
Reserve for directors' bonuses	0.1	-	-	-	1.0
Reserve for Product Guarantee	57.2	46.7	122.0	67.2	-11.1
Reserve for Retirement Benefit	-9.1	-4.2	-3.2	-1.7	-5.3
Reserve for Director Retirement	0.8	0.4	0.0	-0.3	-0.1
Interest &Dividend Income	-7.7	-6.1	-3.6	-2.0	-5.7
Interest Expense	3.3	2.2	1.4	0.7	2.3
Gain/Loss on Exchange Rate	-1.2	5.1	3.8	5.1	-11.6
Income/Loss on Equity Method	-2.8	-4.4	-1.4	-0.4	-0.9
G/L Retirement &Sale PPE	3.0	2.6	1.8	0.3	3.2
L-adjust. for changes of acct. Assets	2.1	2.1	2.1	2.0	0.0
G/L Valuation of Investment Securities	-	0.0	-	-	0.0
Account Receivable	196.4	141.4	84.6	69.0	-255.0
Inventories	-19.5	0.4	2.3	6.8	-11.1
Account Payable	-70.5	-53.0	-30.7	-29.4	182.4
Sales Tax Payable	-7.3	-3.8	-4.6	-3.5	5.9
Other Operating Activities	16.9	51.2	-3.1	16.1	21.5
Interest &Dividend Received	8.6	5.9	3.7	1.8	6.2
Interest Paid	-3.3	-2.3	-1.6	-1.0	-2.1
Income tax (paid) refund	-66.4	-74.9	-48.5	-35.7	20.3
Adjustment	-0.1	0.0	-0.1	-	-
Cash from Operating Activities	361.2	255.5	194.3	99.2	351.3

Sale/redempt. Marketable Securities	43.2	26.6	24.8	3.3	32.3
Capital Expenditures	-165.3	-128.4	-83.5	-36.0	-128.1
Sale of PPE	3.2	2.6	0.8	0.4	1.7
Purchase of Investment Securities	-1.2	-1.2	-1.1	0.0	-1.8
Sale Investment Securities	0.1	0.0	0.0	0.0	0.1
Purchase of Subsidiary Stock	0.0	0.0	0.0	-	-0.6
Purchase of Affiliates' Stock	-0.9	-0.8	-	-	0.0
Loan Extended	-3.8	-2.7	-2.0	-0.7	-3.8
Loan Recovered	3.2	2.6	1.5	0.5	2.5
Other Investing Activities	-11.8	-14.0	-15.9	-10.6	-1.5
Cash from Investing Activities	-133.3	-115.4	-75.5	-43.2	-99.1

Short Term Debt, Net	-9.1	-12.6	0.1	-3.6	-1.0
Long Term Debt, issd	1.9	0.9	0.9	0.0	80.0
Long Term Debt, repaid	-0.7	-0.5	-0.5	0.0	-1.8
Repayment of lease	-1.3	-0.9	-0.6	-0.3	-1.2
Dividend Paid	-42.1	-41.6	-24.3	-23.5	-15.6
Dividend Paid to Minority Interest	-4.5	-4.4	-4.3	-4.2	-2.0
Minority interest Paid-in	0.0	0.0	0.0	0.0	1.9
Purchase of Treasury Stock	-0.2	-0.1	-0.1	0.0	0.0
Other Financing Activities	0.0	0.0	0.0	0.0	0.1
Cash from Financing Activities	-55.9	-59.2	-28.7	-31.5	60.4

Foreign Exchange Effects	-18.6	-22.1	-15.4	-8.8	2.9
Net Change in Cash	153.3	58.8	74.7	15.7	315.5

Net Cash - Beginning Balance	634.0	625.8	610.7	590.0	269.1
Net Cash - Ending Balance	787.3	684.7	685.4	605.7	584.6
Cash Interest Paid	3.3	2.3	1.6	1.0	2.1
Cash Taxes Paid	66.4	74.9	48.5	35.7	-20.3

Geographic 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
Japan		2,317.5		60.6 %		2,271.8		63.8 %		2,154.2		64.2 %		2,344.2		60.9 %	2,159.6		62.3 %
North America		672.8		17.6 %		617.5		17.3 %		552.4		16.5 %		769.8		20 %	716.1		20.7 %
Asia		656.6		17.2 %		499.4		14 %		464.5		13.8 %		487.2		12.7 %	349.0		10.1 %
Other		176.4		4.6 %		172.8		4.9 %		186.7		5.6 %		248.3		6.5 %	239.6		6.9 %
Segment Total		3,823.3		100 %		3,561.5		100 %		3,357.9		100 %		3,849.4		100 %	3,464.4		100 %
Eliminations/Corporate		0.0		0 %		0.0		0 %		0.0		0 %		0.0		0 %	0.0		0 %
Consolidated Total		3,823.3		100 %		3,561.5		100 %		3,357.9		100 %		3,849.4		100 %	3,464.4		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
Japan	405.9		89.3 %		357.8		88.8 %		295.0		88.5 %		408.4		87.9 %		361.5	86.6 %
North America	1.6		0.3 %		1.2		0.3 %		1.2		0.4 %		1.5		0.3 %		1.7	0.4 %
Asia	46.1		10.1 %		43.5		10.8 %		36.8		11 %		54.6		11.7 %		54.1	13 %
Other	1.0		0.2 %		0.4		0.1 %		0.3		0.1 %		0.3		0.1 %		0.2	0.1 %
Segment Total	454.6		100 %		402.9		100 %		333.3		100 %		464.8		100 %		417.6	100 %
Eliminations/Corporate	-454.6		-100 %		-402.9		-100 %		-333.3		-100 %		-464.8		-100 %		-417.6	-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
Japan	2,723.4	63.7 %		2,629.6	66.3 %		2,449.3	66.4 %		2,752.6	63.8 %	2,521.1		64.9 %
North America	674.4	15.8 %		618.7	15.6 %		553.6	15 %		771.2	17.9 %	717.9		18.5 %
Asia	702.7	16.4 %		542.8	13.7 %		501.3	13.6 %		541.8	12.6 %	403.2		10.4 %
Other	177.3	4.1 %		173.2	4.4 %		187.0	5.1 %		248.6	5.8 %	239.8		6.2 %
Segment Total	4,277.8	100 %		3,964.4	100 %		3,691.2	100 %		4,314.2	100 %	3,882.0		100 %
Eliminations/Corporate	-454.6	-10.6 %		-402.9	-10.2 %		-333.3	-9 %		-464.8	-10.8 %	-417.6		-10.8 %
Consolidated Total	3,823.3	89.4 %		3,561.5	89.8 %		3,357.9	91 %		3,849.4	89.2 %	3,464.4		89.2 %
Exchange Rate: JPY to USD	85.691434			92.941082			100.484331			114.302336		116.944303
Depreciation USD (mil)
			31-Mar-11						31-Mar-10
Japan			115.2			67.4 %			121.4				68.9 %
North America			22.9			13.4 %			25.0				14.2 %
Asia			27.5			16.1 %			22.9				13 %
Other			5.4			3.2 %			6.9				3.9 %
Segment Total			171.1			100 %			176.2				100 %
Eliminations/Corporate			3.3			1.9 %			2.3				1.3 %
Consolidated Total			174.3			101.9 %			178.5				101.3 %
Exchange Rate: JPY to USD			85.691434						92.941082

Total Operating Expense USD (mil)
		31-Mar-10				31-Mar-09					31-Mar-08				31-Mar-07
Japan		2,545.2		67.4 %		2,496.3			67.6 %		2,574.6		63.9 %		2,372.9		64.6 %
North America		602.6		16 %		581.9			15.8 %		754.8		18.7 %		701.5		19.1 %
Asia		465.5		12.3 %		430.3			11.6 %		461.0		11.4 %		365.0		9.9 %
Other		163.2		4.3 %		185.6			5 %		238.2		5.9 %		231.5		6.3 %
Segment Total		3,776.5		100 %		3,694.1			100 %		4,028.7		100 %		3,670.9		100 %
Eliminations/Corporate		-409.0		-10.8 %		-344.3			-9.3 %		-471.2		-11.7 %		-419.5		-11.4 %
Consolidated Total		3,367.5		89.2 %		3,349.8			90.7 %		3,557.4		88.3 %		3,251.4		88.6 %
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
Japan	83.0		38.1 %		84.4		44.9 %	-47.1		1,614.3 %		178.0		62.3 %		148.2		70.2 %
North America	21.1		9.7 %		16.1		8.6 %	-28.3		970.3 %		16.4		5.7 %		16.4		7.8 %
Asia	110.3		50.6 %		77.4		41.2 %	71.1		-2,436.9 %		80.7		28.3 %		38.1		18.1 %
Other	3.5		1.6 %		10.1		5.4 %	1.4		-47.8 %		10.4		3.6 %		8.3		4 %
Segment Total	218.0		100 %		187.9		100 %	-2.9		100 %		285.5		100 %		211.0		100 %
Eliminations/Corporate	2.6		1.2 %		6.1		3.3 %	11.0		-376.8 %		6.4		2.3 %		1.9		0.9 %
Consolidated Total	220.6		101.2 %		194.0		103.3 %	8.1		-276.8 %		292.0		102.3 %		212.9		100.9 %
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
Japan			3.0		-	3.2			-	-1.9			-	6.5		-		5.9		-
North America			3.1		-	2.6			-	-5.1			-	2.1		-		2.3		-
Asia			15.7		-	14.2			-	14.2			-	14.9		-		9.5		-
Other			2.0		-	5.8			-	0.7			-	4.2		-		3.5		-
Segment Total			5.1		-	4.7			-	-0.1			-	6.6		-		5.4		-
Eliminations/Corporate			-0.6		-	-1.5			-	-3.3			-	-1.4		-		-0.4		-
Consolidated Total			5.8		-	5.4			-	0.2			-	7.6		-		6.1		-
Total Assets USD (mil)
	31-Mar-11			31-Mar-10				31-Mar-09				31-Mar-08					31-Mar-07
Japan	1,879.6	64.9 %		1,848.8			67.9 %	1,600.6			71 %	1,904.5			69.3 %		1,543.6		68.1 %
North America	302.1	10.4 %		294.5			10.8 %	234.2			10.4 %	316.9			11.5 %		323.1		14.3 %
Asia	544.1	18.8 %		450.3			16.5 %	316.4			14 %	350.8			12.8 %		250.7		11.1 %
Other	171.7	5.9 %		130.0			4.8 %	103.3			4.6 %	174.8			6.4 %		148.3		6.5 %
Segment Total	2,897.6	100 %		2,723.5			100 %	2,254.5			100 %	2,747.0			100 %		2,265.7		100 %
Eliminations/Corporate	235.9	8.1 %		163.2			6 %	39.5			1.8 %	-25.7			-0.9 %		-63.8		-2.8 %
Consolidated Total	3,133.5	108.1 %		2,886.7			106 %	2,294.0			101.8 %	2,721.4			99.1 %		2,201.9		97.2 %
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
Japan	4.6	-	4.5		-	-3.0		-	10.7	-		9.5	-
North America	7.2	-	5.4		-	-12.3		-	5.9	-		5.0	-
Asia	21.0	-	17.1		-	22.8		-	26.4	-		15.1	-
Other	2.1	-	7.7		-	1.4		-	6.8	-		5.6	-
Segment Total	7.8	-	6.9		-	-0.1		-	11.9	-		9.2	-
Eliminations/Corporate	1.2	-	3.7		-	28.3		-	-28.8	-		-2.9	-
Consolidated Total	7.3	-	6.7		-	0.4		-	12.3	-		9.6	-
Purchase of Fixed Assets USD (mil)
	31-Mar-11						31-Mar-10
Japan	66.9			46.5 %			63.5				57.7 %
North America	13.5			9.4 %			7.0				6.3 %
Asia	48.5			33.7 %			37.1				33.7 %
Other	14.9			10.4 %			2.6				2.3 %
Segment Total	143.7			100 %			110.1				100 %
Eliminations/Corporate	7.7			5.3 %			1.5				1.4 %
Consolidated Total	151.4			105.3 %			111.6				101.4 %
Exchange Rate: JPY to USD	85.691434						92.941082

Geographic Segments

Financials in: As Reported (mil)

Annual

Interim

External Revenue USD (mil)
		30-Jun-11				31-Mar-11				31-Dec-10				30-Sep-10			30-Jun-10
Japan		390.7		56.6 %		541.5		56.3 %		608.1		61.8 %		621.4		63.9 %	548.5		60.3 %
North America		106.1		15.4 %		183.8		19.1 %		166.9		17 %		159.2		16.4 %	163.9		18 %
Asia		143.1		20.7 %		184.4		19.2 %		163.2		16.6 %		153.4		15.8 %	157.0		17.3 %
Other		50.2		7.3 %		52.3		5.4 %		45.8		4.7 %		38.6		4 %	40.3		4.4 %
Segment Total		690.1		100 %		962.0		100 %		983.9		100 %		972.7		100 %	909.8		100 %
Eliminations/Consolidation		0.0		0 %		0.0		0 %		0.0		0 %		0.0		0 %	0.0		0 %
Consolidated Total		690.1		100 %		962.0		100 %		983.9		100 %		972.7		100 %	909.8		100 %
Exchange Rate: JPY to USD		81.605269				82.241044				82.567473				85.838925			92.080323
Intersegment Revenue USD (mil)
	30-Jun-11				31-Mar-11				31-Dec-10				30-Sep-10				30-Jun-10
Japan	69.9		88.2 %		108.6		89.1 %		110.0		89.5 %		103.7		89 %		85.4	89.6 %
North America	0.3		0.4 %		0.3		0.2 %		0.4		0.3 %		0.5		0.4 %		0.4	0.5 %
Asia	8.7		11 %		12.3		10.1 %		12.3		10 %		12.3		10.5 %		9.4	9.9 %
Other	0.3		0.4 %		0.7		0.6 %		0.2		0.2 %		0.0		0 %		0.0	0 %
Segment Total	79.3		100 %		121.9		100 %		122.9		100 %		116.5		100 %		95.3	100 %
Eliminations/Consolidation	-79.3		-100 %		-121.9		-100 %		-122.9		-100 %		-116.5		-100 %		-95.3	-100 %
Consolidated Total	0.0		0 %		0.0		0 %		0.0		0 %		0.0		0 %		0.0	0 %
Exchange Rate: JPY to USD	81.605269				82.241044				82.567473				85.838925				92.080323

Total Revenue USD (mil)
		30-Jun-11				31-Mar-11				31-Dec-10			30-Sep-10				30-Jun-10
Japan		460.6		59.9 %		650.1		60 %		718.1		64.9 %	725.1			66.6 %	633.9		63.1 %
North America		106.4		13.8 %		184.1		17 %		167.2		15.1 %	159.7			14.7 %	164.4		16.4 %
Asia		151.8		19.7 %		196.7		18.1 %		175.4		15.9 %	165.7			15.2 %	166.5		16.6 %
Other		50.5		6.6 %		53.0		4.9 %		46.0		4.2 %	38.7			3.5 %	40.3		4 %
Segment Total		769.3		100 %		1,084.0		100 %		1,106.8		100 %	1,089.2			100 %	1,005.1		100 %
Eliminations/Consolidation		-79.3		-10.3 %		-121.9		-11.3 %		-122.9		-11.1 %	-116.5			-10.7 %	-95.3		-9.5 %
Consolidated Total		690.1		89.7 %		962.0		88.7 %		983.9		88.9 %	972.7			89.3 %	909.8		90.5 %
Exchange Rate: JPY to USD		81.605269				82.241044				82.567473			85.838925				92.080323
Operating Income/Loss USD (mil)
	30-Jun-11				31-Mar-11				31-Dec-10					30-Sep-10				30-Jun-10
Japan	-43.4		125.2 %		-6.3		-21.2 %		17.3		33.3 %			38.2	55.6 %			31.7		48.2 %
North America	-9.0		25.9 %		8.1		27.3 %		8.1		15.6 %			1.7	2.5 %			3.6		5.5 %
Asia	17.7		-51.1 %		28.2		95.2 %		24.6		47.4 %			28.8	41.9 %			28.5		43.4 %
Other	0.0		0 %		-0.4		-1.3 %		1.9		3.7 %			0.1	0.1 %			1.9		2.8 %
Segment Total	-34.7		100 %		29.6		100 %		52.0		100 %			68.8	100 %			65.6		100 %
Eliminations/Consolidation	-2.5		7.3 %		0.8		2.8 %		2.8		5.4 %			2.3	3.3 %			-2.9		-4.5 %
Consolidated Total	-37.2		107.3 %		30.4		102.8 %		54.8		105.4 %			71.1	103.3 %			62.7		95.5 %
Exchange Rate: JPY to USD	81.605269				82.241044				82.567473					85.838925				92.080323

Operating Margin (%)
	30-Jun-11		31-Mar-11		31-Dec-10		30-Sep-10		30-Jun-10
Japan	-9.4	-	-1.0	-	2.4	-	5.3	-	5.0	-
North America	-8.4	-	4.4	-	4.9	-	1.1	-	2.2	-
Asia	11.7	-	14.3	-	14.0	-	17.4	-	17.1	-
Other	0.0	-	-0.7	-	4.1	-	0.2	-	4.6	-
Segment Total	-4.5	-	2.7	-	4.7	-	6.3	-	6.5	-
Eliminations/Consolidation	3.2	-	-0.7	-	-2.3	-	-1.9	-	3.1	-
Consolidated Total	-5.4	-	3.2	-	5.6	-	7.3	-	6.9	-

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.48.22
UK Pound	1	Rs.75.63
Euro	1	Rs.65.65

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.