AISIN - News Releases - Financial Report

Notice Concerning Revisions of the Forecasts for Consolidated and Unconsolidated Financial Results for FY2010 and Extraordinary Losses
(October 30, 2009)

AISIN (the “Company”) has announced upward revisions for the 1st Half and annual fiscal forecasts for FY2010 ending March 31, 2010, released on July 31, 2009, as follows:

1. Revision of Consolidated Forecasts
Consolidated Fiscal Year Original Forecasts and Revised Forecasts for FY2010
(April 1, 2009 through March 31, 2010)

(Amount: Millions of Yen)

Net Sales

Operating Income

Ordinary Income

Net Income

EPS

(Yen)

Previous Forecasts (A)

1,800,000

-65,000

-70,000

-50,000

-177.65

Revised Forecasts (B)

1,920,000

36,000

38,000

-18,000

-63.95

Change (B)-(A)

120,000

101,000

108,000

32,000

―

% of Change

6.7

―

―

―

―

(Reference)Actual
Results for the FY2009

2,214,492

-3,489

-4,965

-25,149

-89.36

Consolidated Fiscal Year Original Forecasts and Revised Forecasts
for the 1st Half of FY2010(April 1, 2009 through September 30, 2009)

(Amount: Millions of Yen)

Net Sales

Operating Income

Ordinary Income

Net Income

EPS

Yen

Previous Forecasts (A)

850,000

-35,000

-33,000

-25,000

-88.82

Actual Results (B)

880,824

-3,496

-1,454

-34,774

-123.55

Change (B)-(A)

30,824

31,504

31,546

-9,774

―

% of Change

3.6

―

―

―

―

(Reference)Actual Results for the 1st Half of FY2009

1,304,590

57,188

66,494

31,581

112.21

2. Revision of Unconsolidated Forecasts
Unconsolidated Fiscal Year Original Forecasts and Revised Forecasts for FY2010
(April 1, 2009 through March 31, 2010)

(Amount: Millions of Yen)

	Net Sales	Operating Income	Ordinary Income	Net Income	EPS Yen
Previous Forecasts (A)	620,000	-30,000	-27,000	-16,000	-56.84
Revised Forecasts (B)	680,000	6,000	10,000	3,500	12.43
Change (B)-(A)	60,000	36,000	37,000	19,500	―
% of Change	9.7	―	―	―	―
(Reference)Actual Results for the FY2009	714,766	-15,028	10,941	3,543	12.59

Unconsolidated Fiscal Year Original Forecasts and Revised Forecasts
for the 1st Half of FY2010 (April 1, 2009 through September 30, 2009)

(Amount: Millions of Yen)

	Net Sales	Operating Income	Ordinary Income	Net Income	EPS Yen
Previous Forecasts (A)	300,000	-13,000	-8,000	-4,500	-15.99
Actual Results (B)	310,897	-5,481	-1,850	-3,558	-12.64
Change (B)-(A)	10,897	7,519	6,150	942	―
% of Change	3.6	―	―	―	―
(Reference)Actual Results for the 1st Half of FY2009	427,116	7,061	24,979	21,053	74.79

3. Reasons for the Revisions

Regarding forecast for operating income, the company’s performance largely improved compared with the previous forecasts as sales to major customers exceeded original plan, and progress made in cost reduction activities, minimizing fixed costs, and business restructuring. On the other hand, net income would be improved slightly due to the impairment losses on surplus fixed assets.

4. Extraordinary Losses

The company has incurred impairment losses on surplus fixed assets both in Japan and overseas as extraordinary losses.

Consolidated impact:

Impairment losses on surplus fixed assets
37,420 million yen

Unconsolidated impact:

Impairment losses on surplus fixed assets
1,288 million yen

Impairment losses on affiliated company stocks
2,104 million yen

(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, including business conditions and foreign exchange rates between the Japanese yen and major currencies.