We would like to express our sincere appreciation to our shareholders for your loyal patronage.
　Here, we present our company’s FY2012 interim report (cumulative second quarter: from April 1, 2011 to September 30, 2011).

-Our performance

　During the half year of FY2012, the production of our client automakers that dropped after the Great East Japan Earthquake recovered earlier than originally expected and the sales decrease during the cumulative first quarter slightly improved. Under the harsh business environment including appreciation of the yen, our company continued to eliminate waste by working on activities to recover from the earthquake, reduce costs and strengthen the constitution of manufacturing. However, because the impact by the drop in the production volume at the beginning of the term was so severe, sales were 1,016.5 billion yen, an 11.5% decrease from the same period of the preceding year. For profits, the operating income was 25.6 billion yen and the current net income was 12.0 billion yen (decline from the same period of the preceding year).So that, the interim dividend will be 25 yen per share.

-Our future approach

　The competitive environment surrounding our company is growing increasingly severe. That includes unprecedented natural disasters, rapid fluctuations in the exchange rate and further advancement of globalization in the automobile industry.
　In order to overcome such tough situations and open up the next chapter, our company is aiming to ensure the growth potential looking at this new chapter with “Read the change, take the initiative and carry through at full power” as our basic stance.
　In areas such as China, Brazil and India where tremendous needs for cars can be expected, we will boost our production capacity and actively promote the strengthening of development and operation systems. We will also work on the issues that need to be handled promptly, such as securement of product competitiveness, management from global perspectives and human development, with the group’s concerted efforts.

Your continued support and guidance will be greatly appreciated.

November 2011