AISIN - News Releases - Financial Report

Notice Concerning Extraordinary Losses and Revisions of the Forecasts for Consolidated and Unconsolidated Financial Results for FY2009
(April 22, 2009)

Based on recent business situations and future events, AISIN has announced the following extraordinary losses and revisions of its earnings forecasts for FY2009, released on February 3, 2009, as follows:

1. Extraordinary losses

Consolidated performance:

	Impairment losses on surplus fixed assets	Approx. 10.0billion yen

Unconsolidated performance:
	Impairment losses on surplus fixed assets	Approx. 1.6billion yen
	Impairment losses on affiliated company stocks	Approx. 1.7billion yen
	Allowance for doubtful accounts on loans for affiliated companies
		Approx. 4.7billion yen

2. Revision of consolidated and unconsolidated performance projection for FY2009

Consolidated Fiscal Year Forecasts and Results for FY2009
	(Amount: Billion Yen)

Net Sales
Operating Income

Ordinary Income

Net Income

EPS

(Yen)

Previous Forecasts (A)

2,200.0

-13.0

-11.0

-12.0

-42.64

Revised Forecasts (B)

2,210.0

-3.5

-5.0

-25.0

-88.82

Change (B)-(A)

10.0

9.5

6.0

-13.0

―

% of Change

0.5

―

―

―

―

Actual result for FY2008

2,700.4

180.4

186.3

91.6

322.50

Unconsolidated Fiscal Year Forecasts and Results for FY2009

(Amount: Billion Yen)

Net Sales

Operating Income

Ordinary Income

Net Income

EPS

(Yen)

Previous Forecasts (A)

715.0

-20.0

3.0

7.0

24.87

Revised Forecasts (B)

715.0

-15.0

11.0

3.5

12.43

Change (B)-(A)

0

5.0

8.0

-3.5

―

% of Change

―

―

266.7

-50.0

―

Actual result for FY2008

878.9

35.5

46.3

34.6

121.97

3. Reasons for the Revisions:

Operating income and ordinary income have been revised upward, mainly because of productivity improvements and cost cut efforts. However, net income (loss) was worsened as a result of the extraordinary losses and re-estimation in deferred tax assets, compared with the previous forecast .

(Notice) Above forecasts contain forward-looking statements based on management’s assumptions and beliefs taking into account information currently available to it. Therefore, please be advised that actual results could differ from those described in these forward-looking statements as a result of various factors.