What is your forecast for business results and dividends for fiscal 2010?

Under the current adverse climate we predict a second consecutive year of negative figures. We are leaving dividends undetermined.

Since the worsening financial crisis in the United States started spilling out into the real economy in the second half of fiscal 2009, automotive manufacturers have transitioned to a vastly curtailed production structure. To respond flexibly to fluctuations in production volume under these circumstances, we are working to create the optimal reduced-production structure by effectively utilizing existing facilities, sharing production capacity among bases and Group companies, and developing and introducing simple and slim production lines and equipment.

Although we anticipate a continued whirlwind of changes in the global situation, our performance forecasts for the next fiscal year are: net sales of ¥1,800 billion, an operating loss of ¥65 billion, an ordinary loss of ¥70 billion and a net loss of ¥50 billion, assuming exchange rates of ¥95 to the U.S. dollar and ¥125 to the euro.

Considering the highly severe business conditions and uncertainty AISIN faces in the upcoming fiscal year, we are leaving dividends undetermined.

I would like to ask all AISIN's stakeholders to continue providing their understanding and support.

Note: Forecasts are as of April 28, 2009, the date we announced our financial results for fiscal 2009.
Please refer to pages 75 and 76 for information on operating and other risks.

Fumio Fujimori, President