2013 Settlement of Accounts Presentation Meeting · 5/21/2013 · 1. FYE 2013 Review Highlights of Consolidated Settlement of Accounts 2 Automotive Parts Operations was the main

May 21, 2013

Tsubakimoto Chain Co.FYE 2013 Settlement of Accounts

Presentation Meeting

1

FYE 2013 Full Year Settlement of Accounts

Business Report

Note: ‘Full year,’ as referred to in this report, indicates the period from April 1 through March 31 of the next year of the applicable consolidated accounting year.(For some overseas subsidiaries, the ‘full year’ indicates the period from January 1 through

December 31 of the applicable year.)

Tsubakimoto Chain Co. FYE 2013 Settlement of Accounts Presentation Meeting

1. FYE 2013 Review

Highlights of Consolidated Settlement of Accounts 2

■ Automotive Parts Operations was the main impetus, achieving increases in both sales and profits.

2013年3月期決算説明会

■ Sales growth contributed to the maintenance of a healthy financial

position.

FYE 2012 FYE 2013Comparison with

previous term

Full year figure (actual) Full year figure (actual) Increase/decrease Budget Increase/decrease

Net sales144,896 150,002150,002150,002150,002 3.5% 150,000 0.0%

Operating income12,081 12,57912,57912,57912,579 4.1% 12,100 4.0%

Operating income margin8.3% 8.4%8.4%8.4%8.4% 8.1%

Ordinary income12,140 12,81312,81312,81312,813 5.5% 12,100 5.9%

Net income6,814 7,4287,4287,4287,428 9.0% 6,800 9.2%

Net income per share36.60 39.6939.6939.6939.69 － 36.33 －

(Exchange rates 1US$)79.07 82.9282.9282.9282.92 － 77.00 －

(Exchange rates 1EURO)109.02 106.78106.78106.78106.78 － 103.00 －

Shareholders' equity ratio46.9% 47.3%47.3%47.3%47.3%

Equity capital/total assets

Return on equity (ROE)7.9% 7.7%7.7%7.7%7.7%

Net D/E ratio0.15 0.160.160.160.16

(Yen, millions)

Net income/Average return on equity during term

(Interest-bearing debt – Cash equivalent)/(Capital adequacy)

Budgeted Amount (Nov. 9, 2012)


32. FYE 2013 Review

Trend in Quarterly Consolidated Settlement of Accounts

■ Trend in sales and operating income margin (consolidated)

(Yen, 100 millions)

FYE 2012 FYE 2013

Major exchange rates FYE 2012 FYE 2013

US$ 79.07 yen 82.92 yen

Euro 109.02 yen 106.78 yen

: Net sales : Operating income margin

330

368 355

394

360 367

355

417

7.1%

8.8% 9.0%8.4%

9.1%

8.6%

7.7%8.2%

0%

5%

10%

15%

20%

25%

0

100

200

300

400

500

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

(Yen, 100 millions)


¥12.1billion

43. FYE 2013 Review

Analysis of Factors Consolidated Increasing/Decreasing Operating Income

■ FYE 2012 vs. FYE 2013

¥2.3billion

¥12.6 billion

FYE 2012Operating income

Increasing factors Decreasing factors

Increase in operating income:

¥0.5 billion

Other fixed cost increase

Currency exchange fluctuation

Sales increase

¥1.2 billion

¥1.9 billion Labor cost increase


¥1.2 billion

¥0.1 billionImproved cost

price, etc.

Note: Operating income values are rounded off.

FYE 2013 Settlement of Accounts Presentation Meeting

Tsubakimoto Chain Co.

54. FYE 2013 Review

Breakdown by Segment and Operations

■ Automotive Parts Operations grew significantly; Chain and Power Transmission Units and Components Operations exceeded expectations and registered a profit.

FYE 2012 FYE 2013Comparison with

previous term

Full year figure (actual) Full year figure (actual) Increase/decrease Increase/decrease

Net sales*1

51,692 50,25050,25050,25050,250 -2.8% 49,900 0.7%


Operating incomemargin 6.7% 7.1%7.1%7.1%7.1% 5.9%

Net sales*1

21,364 19,66419,66419,66419,664 -8.0% 20,200 -2.7%

Operating income2,512 1,9551,9551,9551,955 -22.2% 1,860 5.1%


Net sales*1

43,509 49,36749,36749,36749,367 13.5% 48,800 1.2%



Net sales*1

27,977 30,24630,24630,24630,246 8.1% 30,700 -1.5%

Operating income878 531531531531 -39.5% 1,030 -48.4%


Net sales*1

2,911 2,8462,8462,8462,846 -2.2% 3,100 -8.2%

Operating income170 143143143143 -16.0% 180 -20.6%


Budgeted Amount (Nov. 9, 2012)

(Yen, millions)

Chain Operations

Power Transmission Units

andComponents Operations

*1: Sales figures include internal sales and transfers between segments.

*2: "Other" is not a reportable segment.

Automotive Parts Operations

MaterialsHandlingSystems

Operations

Other*2



0%

5%

10%

15%

0

50

100

150

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

0%

5%

10%

15%

0

50

100

150

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

65. FYE 2013 Review


● Chain Operations ● Power Transmission Units and Components Operations

(Yen, 100 millions) (Yen, 100 millions)

■ Trends in sales and operating income margin

FYE 2012 FYE 2013

<Sales by industry>

・ Sales of products intended for the automotive industry entered a growth

phase.

・ Sales of machine tools and sales to the steel industry declined.

<Sales by region>

・ North America and Europe registered an upturn.

・ Japan slowed in the second half of the year.

<Sales by industry>

・ Sales of machine tools and sales to the steel industry slowed in the second

half of the year.

・ Products for the liquid crystal and semiconductor industries remained in a

slump.<Sales by region>

・ China and Europe remained healthy.

・ The territories of Japan, Asia and Oceania slowed in the second half of the

year.

(Yen, 100 millions) : Net sales : Operating income margin

FYE 2012 FYE 2013



-5%

0%

5%

10%

15%

-50

0

50

100

150

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

0%

5%

10%

15%

0

50

100

150

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

<Sales by industry>

・ Sales of conveyor equipment for powdered and granular material

remained stable.

・ Sales to the steel industry were sluggish.

・ Sales of conveyor equipment for the machine tool industry slowed

suddenly in the second half of the year.

・ Mayfran (USA) was included in our consolidated results this year (with a

target period of Sept. to Dec. 2012).

75. FYE 2013 Review


<Sales by region>

・ Japan slowed in Q3 but recovered in Q4.

・ North America, Europe, Thailand and Korea remained healthy.

・ Although Japan-based automobile manufacturers were affected by a

production decline in China, revenue increased compared with the previous quarter (because of a significant increase in revenue up to September).

● Automotive Parts Operations ● Materials Handling Systems Operations


■ Trends in sales and operating income margin

(Yen, 100 millions) : Net sales : Operating income margin

FYE 2012 FYE 2013 FYE 2012 FYE 2013



6. FYE 2013 Review

Segment by Region8

■ Sales expanded in various regions of the world as globalization accelerated.

FYE 2012 FYE 2013 Year-on-year comparison

Full year figure (actual) Full year figure(actual)Percentage

increase/decrease

Japan Net sales*

112,920 110,183110,183110,183110,183 -2.4%

Operating income9,165 8,5708,5708,5708,570 -6.5%

Operating income margin 8.1% 7.8%7.8%7.8%7.8%

North America 25,444 29,96729,96729,96729,967 17.8%

1,338 2,1032,1032,1032,103 57.2%

5.3% 7.0%7.0%7.0%7.0%

Europe 12,335 14,56614,56614,56614,566 18.1%

242 429429429429 77.3%

2.0% 2.9%2.9%2.9%2.9%

13,910 17,02717,02717,02717,027 22.4%

1,419 1,4171,4171,4171,417 -0.1%

10.2% 8.3%8.3%8.3%8.3%

Other areas 89 95959595 6.6%

-53 ----55555555 －

－－－－－

*Sales figures include internal sales and transfers between segments.

<Actual exchange rate>

(Yen, millions)

FYE 2012: US$＝¥79.07, EURO＝¥109.02, Can$＝¥79.72, A$＝¥82.72, THB＝¥2.62, NT$＝¥2.68, RMB＝¥12.34, WON＝¥0.07

FYE 2013: US$＝¥82.92, EURO＝¥106.78, Can$＝¥82.77, A$＝¥85.52, THB＝¥2.57, NT$＝¥2.81, RMB＝¥12.66, WON＝¥0.07

Asia/Oceania

Net sales

Net sales

Net sales

Net sales

*

*

*

*

Operating income

Operating income

Operating income

Operating income

Operating income margin






97. FYE 2013 Review

Trends in International Sales

Notes:1. Sales are based on the location of the customer and classified by country or region.2. For more detailed information see the "compiled data" appended to this document.

Japan65.5%

NorthAmerica16.1%

Europe4.9%

Asia/Oceania11.5%

FYE 2013Consolidated

sales of ¥150 billion

Japan56.4%

NorthAmerica

17.1%

Europe9.2%

Asia/Oceania14.2%

International sales ratio: 34.5% International sales ratio: 43.6%

■ The international sales ratio rose by 9.1% during the three-year period beginning FYE March 31, 2010.

FYE 2010Consolidated

sales of ¥112.7 billion



108. FYE 2013 Review

Capital Investment and Depreciation

■ We undertook a capital spending program that included enhancement of production

facilities outside Japan, construction of the Saitama Plant (serving Automotive Parts Operations), and construction of the Tianjin Subsidiary Plant (for Chain Operations).

35.0 36.9

74.8

108.9

102.2 100.4

39.8

58.0

95.1

118.3

60.8

55.0 55.0

59.4

73.0 73.4 73.9 75.4

74.0 73.6

0

10

20

30

40

50

60

70

80

0

20

40

60

80

100

120

140

160

04/3 05/3 06/3 07/3 08/3 09/3 10/3 11/3 12/3 13/3

Capital Investment(consolidated)

Depreciation (consolidated)




11

Review of Results For Medium-TermManagement Plan 2012



121. Outline of Medium-Term Management Plan 2012

A 3-year plan for strengthening our management foundation in response to the sudden upheaval in the economic environment.

Growth & expansion

Strengthening our management foundation to achieve sustainable growth

Further enhancing our earnings

structure

Emergency measures to accommodate

sudden changes in the economic environment

Medium-Term Management Plan 2012

2007 2008 2009 2010 2011 2012 2013 2014 2015

2016

Cente

nnia

l ce

lebra

tion

Without being bound to existing approaches, we will reform our earnings structure by reviewing our

product strategies and local strategies from a medium- and long-term perspective.



132. Overview of Medium-Term Plan 2012

* The target value for year 2 (FYE 2012) of the Medium-term Management Plan is undisclosed.

Results of Medium-Term Plan 2012

Target Results (achievement rate)

Net sales¥150 billion ¥150 billion

(100％)

Operatingincome

¥13.5 billion ¥12.5 billion(93％)

Operating incomemargin

9.0 ％ 8.4 ％

■ Automotive Parts Operations met performance targets as a stable growth engine.

■ Results in the Japanese market have declined for Chain Operations, Power Transmission

Units and Components Operations, and Materials Handling Systems Operations, as the challenges of globalization became more apparent.

■ Although the business environment is changing, the results were roughly as anticipated.

Three-year Trend in Results for Medium-Term Plan 2012

1,270

1,500

1,127

1,382

1,448

1,500

5.0%

9.0%

4.2%

8.0%8.3%

8.4%

0%

5%

10%

15%

0

500

1,000

1,500

2,000

FYE 2010 FYE 2011 FYE 2012 FYE 2013

Sales (Target) Sales (Result) Operating Income Margin (Result)

(Yen, 100 millions)


Operating IncomeMargin (Target)



143. Trends in Business Performance of Medium-Term Plan 2012

● Chain Operations ● Power Transmission Units and Components Operations

● Automotive Parts Operations ● Materials Handling Systems Operations

446

524

352

482

516 502

2.0%

8.1%

0.2%

5.8%

6.7%

7.1%

0%

5%

10%

15%

0

100

200

300

400

500

600

FYE 2010 FYE 2011 FYE 2012 FYE 2013 FYE 2013

FYE 2013

売上高(目標) 売上高(実績)

(Yen, 100 millions)


184

207

185 200

213

196

6.6%9.2%

10.3%

11.8%

9.9%

0%

5%

10%

15%

0

100

200

300

400

500

600

10年3月期

(Yen, 100 millions)


252

294

204

263 279

302

0.2%

6.5%

0.8%

3.1%

1.8%

0%

5%

10%

15%

0

100

200

300

400

500

600

(Yen, 100 millions)


387

472

382

433 435

493

10.2%

10.9%

9.5%

12.4%

11.1%

13.1%

0%

5%

10%

15%

20%

0

100

200

300

400

500

600

10年3月期

(Yen, 100 millions)


FYE 2011

FYE 2011 FYE 2012

FYE 2011 FYE 2012



154. Review of Objectives

Strengthen foundation as a manufacturer

Business Initiatives Results

Chain Operations

Construction of innovative production lines

Aim: Reduce cost of chain for specific applications.Effect: We improved productivity through technological innovation,

increased speed, synchronization, in-line operations, and labor-saving.

Power Transmission

Units and Components Operations

Intensive production of hypoid motors (gear reducers) in China

Aim: Reduce costs through intensive production in China and enhance competitiveness in Japan and China.

Effect: Sales grew in China.

Automotive

Parts

Operations

Dantotsu improvement activities and manufacturing reform initiatives

Aim: Improve productivity in our seven global territories and reduce costs.

• Improve productivity by 30% at the new Saitama Plant for assembly and 15% in the entire Saitama Plant (5 factories).

Effect: We promoted cost reductions of 30%–50% through product-specification changes at customer request.

* We extended the above expertise to locations outside Japan.

Materials Handling Systems

Operations

Introduction of modular design Aim: Improve design productivity (item processing efficiency).Effect: 60% reduction in quantity of blueprints for sorting systems

50% reduction in indirect worker-hours through reduction in drawings

■ Main Initiatives and Achievements




Become a solutions provider, Always put the customer first

Initiative Aim Results

“Eco & Eco” Initiative Ecology & Economy:To provide customers with solutions

Reorganization of Power Transmission Products Operations (Chain & Power Transmission Units and Components Operations)

Improving combined sales by integrating domestic businesses

↓

Provide solutions

・ We provided solutions to end users.

・ Now training salespeople in all product types

for further skills improvement.

Construction of a General Technical Site for improving skills of Power Transmission engineers

Enhance technical services to engineers (customers).

(Support available in Japanese, English and Chinese languages.)

[Concept]・ Even without a catalogue at hand, users can

view our website to select a product and model number.

[Results]・ 250,000 items have been listed (database of

products and model numbers).・ 200 users per month have registered since the

website was updated in April 2013.

2010 2011 2012

Number of products

50 65 79

Sales ratio of new Eco products

18.1% 25.0% 26.8%




Hone the ‘Global-Best’ strategy

(1) Cableveyor acquires Kabelschlepp in Germany (TKG).

Sales and manufacturing companies have been established mainly in China and along the Indian Ocean Rim.

■ Strengthening production centers in strategic regions

■ Enhancing the global competitiveness of our major products through M&A

・A chain plant was constructed in China (Tianjin) and manufacturing is now under way.・A Materials Handling Systems manufacturing company was established in Indonesia and started

operation in February.(with 4 manufacturing companies, 7 sales companies)

(2) Chip & scrap conveyers/Acquisition of Mayfran Group

・We integrated the sales business of TKG subsidiaries outside Japan (in North

America, China, and Singapore) with the goal of achieving synergies betweenroute sales (Tsubaki) and direct marketing (TKG).

・Provides global services to Japanese machine tool makers.

・Expansion brings Tsubaki Power Transmission products to conveyors of the

Mayfran Group.



187. Examples of Global Solutions

■ Chain Operations/Power Transmission Units and Components Operations

SingaporeFor boarding bridges

We supplied sets of power cylinders, cable carriers, roller chains & sprockets.

USAOil-drilling plant rigWe supplied special roller chain

& cable carriers.

MalaysiaFor palm oil factories

We supplied special chains and power cylinders for compression and transport of fruit flesh.

Illustration

Identifying local needs and providing solutions



197. Examples of Global Solutions

■ Materials Handling Systems Operations

IndonesiaFor Japanese automakers

■ Automotive Parts Operations

Temporary factory in Indonesia, in operation since February

Major international automakers

Timing chain drive systems: Zerotech Series

We contributed to engines withimproved environmental performance.

Development concept:We are making almost limitless progress towardzero mass, abrasion stretch, friction and noise.

1. We received three orders for door-transport ceiling-run conveyors for Japanese-affiliated auto factories in Jakarta (Karawang District) in order to make use of the advantages of local production. (Numerous inquiries were also received.)

2. We are gradually expanding into Southeast Asia

and markets with customers other than Japanese-affiliated ones.

Friction: We achieved a 20–30% reduction compared with conventional products.

*Introduced to engines used in 23 models from 6 companies.



20

Future Objectives and Strategies



211. Our Next Medium-Term Plan

FYE 2014

Formulation of Medium-Term Plan 2016Medium-Term Management Plan 2016

FYE March 31, 2015

Strengthening our management foundation

Emergency measures to accommodate

sudden changes in the economic environment

Strengthening our global competitiveness and earnings structure

Strengthening our global competitiveness and earnings structure

Toward the

sustainable

growth phase

Toward the

sustainable

growth phase



2007 2007 2007 2007 2008200820082008 2009200920092009 2010201020102010 2011201120112011 2012 2012 2012 2012 2014201420142014 2015201520152015 2016201620162016

2017201720172017 2018201820182018 ・・・・・・・・・・・・

2013201320132013

Growth & expansion

■ We are implementing radical reforms, shifting from a product orientation to a market orientation.

■ Our Medium-Term Plan will be a three-year plan beginning April 1, 2014.



222. Policies for FYE March 31, 2014

We are drafting strategies based on

positioning.

For this reason, we are undertaking radical

reforms such as organizational changes.

Change of Change of Change of Change of

geargeargeargear

■ Structural reform of mainly Chain and Power Transmission Units and Components Operations

Toward sustained growth

■ Transitioning away from a Japan-approach

We will separate production and sales toward business operations with a more market-based regional strategic focus.

Solutions

Positioning

Marketing



233. Important issues facing Chain Operations, Power Transmission Units and

Components Operations, and Materials Handling Systems Operations

By utilizing locations outside Japan that strengthen through new establishments, mergers and acquisitions, we are fulfilling new demand in China, the Indian Ocean Rim, and Europe.

■ Marketing: Prioritizing regional characteristics

= Transitioning away from a Japan-centric approach

Regional Strategy

Product Strategy

Industrial Strategy

Integration of sales companies

Sales activities that offer large-scale advantages (also address management task efficiency)

■Chain Operations and Power Transmission Units and Components Operations:

We are fulfilling strong demand by adhering tightly to local origination of new centers.

■Materials Handling Systems Operations:

This is an important area of sales growth. We aim to expand our scale with a focus on our Indonesian Plant.

Establishment of a new global marketing division

We are strengthening product development and sales activities through marketing of local origin.

Europe Indian Ocean Rim China

Expansion of the Tianjin Plant (Chain Operations)



244. Important Objectives of the Automotive Parts Operations

1. Enhancing marketing powerExpanding market share among the global big five automakers (Toyota, GM, VW, Nissan Renault, Hyundai)

2. Enhancing our manufacturing・Completion of the new Saitama Plant: Rolling out manufacturing reform to all locations

outside Japan・Expansion of optimal locations for production (GOP): Construction of the Mexico Plant・Model expansion of the Zerotech Series

Illustration of Mexico Plant

(Mass production Scheduled to begin

in January 2014.)

■ Promoting ongoing globalization and expanding market share across a global seven-region system.

New Saitama Assembly Plant Building (Mass production began in April 2013.)



Trend in Quantity of Systems Shipped, by Market(Tens of thousands of sets)

(Projected)

OutsideJapan

InsideJapan

25

Settlement of Accounts Forecasts

for FYE 2014



261. FYE 2014

Consolidated Settlement of Accounts Forecast

■ Expected to increase by 13.3% through economic expansion focused outside Japan.

■ Operating income is expected to increase by 8.9% as a result of profit pressures from increased raw materials prices and related factors.

FYE 2013 Year-on-year comparison

Full year figure (actual) First half figure Second half forecast Full year forecast Increase/decrease

150,002 82,400 87,600 170,000170,000170,000170,000 13.3%

Operating income12,579 5,700 8,000 13,70013,70013,70013,700 8.9%

8.4% 6.9% 9.1% 8.1%8.1%8.1%8.1%

Ordinary income12,813 6,000 7,800 13,80013,80013,80013,800 7.7%

Net income7,428 3,600 4,500 8,1008,1008,1008,100 9.0%

Net income per share39.69 yen - - 43.2843.2843.2843.28 yenyenyenyen

(Exchange rates 1US$)82.92 yen - - 95.0095.0095.0095.00 yenyenyenyen

(Exchange rates 1EURO））））106.78 yen - - 120.00120.00120.00120.00 yenyenyenyen

FYE 2014

(Yen, millions)

Net sales




272. FYE 2014

Settlement of Accounts Forecasts by Business Segment

■ Expected to increase sales and profits for Automotive Parts Operations and Materials Handling Systems Operations. A decline in profits is expected for Chain Operations and Power Transmission Units and Components Operations despite an increase in income.

FYE 2013Full year figure(actual) First half figure Second half forecast Full year forecast Increase/decrease

Net sales*150,250 26,600 28,200 54,80054,80054,80054,800 9.1%

Operating income3,586 1,330 1,930 3,2603,2603,2603,260 -9.0%

Operating incomemargin 7.1% 5.0% 6.8% 6.0%6.0%6.0%6.0%

Net sales*119,664 9,800 10,600 20,40020,40020,40020,400 3.7%

1,955 760 1,090 1,8501,8501,8501,850 -5.4%

9.9% 7.8% 10.3% 9.1%9.1%9.1%9.1%

Net sales*1

49,397 27,700 29,100 56,80056,80056,80056,800 15.0%

6,494 3,100 4,120 7,2207,2207,2207,220 11.3%

13.1% 11.2% 14.2% 12.7%12.7%12.7%12.7%

Net sales*1

30,246 18,200 19,400 37,60037,60037,60037,600 24.3%

531 220 750 970970970970 84.0%

1.8% 1.2% 3.9% 2.6%2.6%2.6%2.6%

Net sales*12,846 1,400 1,700 3,1003,1003,1003,100 9.3%

143 50 80 130130130130 -5.6%

5.0% 3.6% 4.7% 4.3%4.3%4.3%4.3%

Materials Handling Systems

Operations

Other *2

*1: Sales figures include internal sales and transfers between segments.

*2: "Other" is not a reportable segment.

Chain Operations

Automotive Parts

Operations

FYE 2014

(Yen, millions)Year-on-year comparison

Power Transmission Units and Components

Operations

Operating income

Operating income

Operating income

Operating income







283. FYE 2014

Analysis of Factors Consolidated Increasing/Decreasing Operating Income

■ FYE 2013 (actual figures) vs. FYE 2014 (forecasts)

¥12.6 billion

¥5 billion

¥13.7 billion


Increasing factors Decreasing factors

Increase in operating income:

¥1.1 billion

Other fixed cost increase

Currency exchange fluctuation

Sales increase

¥1.8 billion

¥2.9 billionLabor cost increase


¥0.8 billion

Note: Operating income values are rounded off.



294. FYE 2014

Capital Investment

■ Major capital investments

1. Enhancement of the global production system (in Japan, U.S.A. and elsewhere) for Automotive Parts Operations

2. Related production facilities for Chain Operations (Kyotanabe Plant, Tianjin Plant)

¥9.5 billion¥5.8 billion

¥7.5 billion ¥7.4 billion ¥7.7 billion¥7.3 billion

¥10.9 billion¥11.8 billion

■ Capital investment and depreciation transitions

0

20

40

60

80

100

120

140

’ 11 ／ 3 ’ 12/3 ’ 13/3 ’ 14/3 Plan

チェーン事業精機事業マテハン事業他減価償却費

(Yen, 100 millions)

Chain OperationsPower Transmission Units and

Components OperationsAutomotive Parts Operations Materials Handling Systems

OperationsHeadquarters and

othersDepreciation

Capital investment

Depreciation



305. Reference Data

■ Trends in sales and operating income margin (consolidated)

■ Trend in dividend per share

1,295 1,295 1,295 1,295

1,477 1,477 1,477 1,477

1,557 1,557 1,557 1,557

1,672 1,672 1,672 1,672

1,415 1,415 1,415 1,415

1,127 1,127 1,127 1,127

1,382 1,382 1,382 1,382 1,448 1,448 1,448 1,448

1,500 1,500 1,500 1,500

1,700 1,700 1,700 1,700

8.1%8.1%8.1%8.1%

9.4%9.4%9.4%9.4%

10.3%10.3%10.3%10.3%

11.8%11.8%11.8%11.8%

6.4%6.4%6.4%6.4%

4.2%4.2%4.2%4.2%

8.0%8.0%8.0%8.0%8.3%8.3%8.3%8.3% 8.4%8.4%8.4%8.4% 8.1%8.1%8.1%8.1%

0%

5%

10%

15%

20%

0

500

1,000

1,500

2,000

05/3 06/3 07/3 08/3 09/3 10/3 11/3 12/3 13/314/3

Forecast

(Yen, 100 millions)

7.00 7.00 7.00 7.00

9.00 9.00 9.00 9.00

7.00 7.00 7.00 7.00

8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00

6.00 6.00 6.00 6.00

7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00

8.00 8.00 8.00 8.00

30.7%30.7%30.7%30.7%

25.9%25.9%25.9%25.9%

15.4%15.4%15.4%15.4% 14.4%14.4%14.4%14.4%

24.8%24.8%24.8%24.8%

35.1%35.1%35.1%35.1%

21.4%21.4%21.4%21.4% 19.1%19.1%19.1%19.1%

17.6%17.6%17.6%17.6% 18.5%18.5%18.5%18.5%

0%

25%

50%

75%

100%

0

5

10

15

05/3 06/3 07/3 08/3 09/3 10/3 11/3 12/3 13/314/3Forecast

Yen/Share/Year



This reference document describes our business plans and our earnings

outlook. The content of this document is based on current information

available to our company and on certain assumptions determined as

reasonable. It is not intended to represent a performance commitment.

Note that actual results may differ from the earnings outlook described

herein, as the results are dependent upon a variety of variables.



Documents

2013 Settlement of Accounts Presentation Meeting · 5/21/2013 · 1. FYE 2013 Review Highlights of Consolidated Settlement of Accounts 2 Automotive Parts Operations was the main