Dec, 04 The 3rd Quarter Financial Summary
1‑Feb‑05
Company NameAISIN SEIKI Co., Ltd.

Code Number7259(URL http://www.aisin.com)
Representative
Reference person in charge

The Tokyo, Osaka and Nagoyastock exchanges 1st section.

Securities Exchange
Location

2‑1, Asahi‑machi, Kariya, Aichi, JAPANKanshiro Toyoda, President
Genshiro Mizuno, Director

TEL 81 ‑ 566 ‑ 24 ‑ 8266

１. Achievements of The 3rd Quarter ended Dec. 31, 2004（Apr. 1, 2004 through Dec. 31, 2004）(1)Operating Results（The amount less than million yen is rounded down.）
Change fromChange from
Change fromOperatingprevious
previous
Ordinary Income previous
Net Sales
Incomeperiod
periodperiodMillions of Yen％

3rd Quarter ended Dec, 04

Millions of Yen

1,308,185 （12.6）

61,048 （6.5）

63,003 （10.0）

3rd Quarter ended Dec, 03

1,162,165 （-）

57,331 （-）

57,250 （-）

Year ended Mar 31, 2004

1,605,252
Net Income％Millions of Yen％

86,768Change fromprevious
periodMillions of Yen

84,654Net Income Per ShareBasic

Net Income Per Share
Diluted％3rd Quarter ended Dec, 04

26,863 （12.8）

94.02yen

93.92yen

3rd Quarter ended Dec, 03

23,817 （-）

89.83yen

84.35yen

Year ended Mar 31, 2004

34,719126.11yen

118.38yen(2)Financial condition
Equity to Assets
Ratio

Total Assets

Shareholders' Equity

Millions of Yen

Millions of Yen％

Shareholders' Equity
Per Share

3rd Quarter ended Dec, 04

1,450,123

539,275

37.2

1,885.02yen

3rd Quarter ended Dec, 03

1,284,629

463,71236.1

1,749.35yen

Year ended Mar 31, 2004

1,382,584

506,260

36.6

1,771.12yen(3)The number of consolidated subsidiaries and affiliates accounted for under the equitymethod is as follows.
Consolidated Subsidiaries
Affiliates under the Equity Method
121
Consolidated Subsidiaries Applicated to Equity Method
none

15

(4)Changes of the number of consolidated subsidiaries and affiliates accounted for under the equity
method.
Consolidated（New）
8Affiliates（New）
1（Exclusion） 1（Exclusion） none
(Merged to another consolidated subsidiary)
２. Operating Results forecast ended Mar. 31, 2005（Apr. 1, 2004 through Mar. 31, 2005）
Net Income
Net Sales
Operating Income
Ordinary Income
Millions of Yen

Year ended Mar. 31, 2005
(Reference）

1,770,000

Millions of Yen

96,000Net Income par share forecast（Year ended Mar. 31, 2005）

Millions of Yen

96,000143.38yen

Millions of Yen

42,000Results of Operations(1) Achievements of this 3rd quarter ended Dec 31, 2004
In the 3rd quarter accumulated, net sales totaled ¥1,308,185 million. By business segment,automotive related sales rose 12.6%to ¥1,248,271 million. In this business, especially sales ofautomatic transmission , brake and chassis related products , power sliding door systems, powerback door systems , occupant weight sensors; and car navigation have increased. Sales in thelife related products segment increased 4.7% to ¥37,380 million. Sales of products in the otherproducts segment, which includes civil engineering and petroleum sales, climbed 28.7% to¥22,532 million.
As a result of the above performance, operating income increased by 6.5%to ¥61,048 million.
This was due to increase of sales and cost reduction activities in all operating fields. Ordinary
income increased 10.0% to 63,003 million yen.
Net income increased 12.8% to 26,863million yen though booked 2,798 million yen asimpairment loss of fixed assets.
(2) Future Outlook
We anticipate insufficient supply and price increase of raw materials, and many kinds of risk.
In such conditions, we proceed development of engineering, accelerate new products rollout,and proceed more cost down.
Net sales is expected 1,770,000 million yen, operating income is expected 96,000 million yen,ordinary income is expected 96,000 million yen and net income is expected 42,000 million yen
for the fiscal year ended March 31, 2005 in the assumption of 106yen average rate par 1US$.

− １ −Net Sales by Item
(Millions of Yen)

Classification

3rd quarter

Previous 3rd quarter

Year ended(9 months ended
Dec. 31, 2004)
Percent
Amountage(9 months ended
Dec. 31, 2003)
Percent
Amountage

Increase Variation(decrease)ratio%%%(Mar. 31, 2004)
AmountPercent
age%

Engine Related

127,440

9.7

111,135

9.5

16,305

14.7

153,695

9.6

Drivetrain Related

537,06141.1

494,69642.6

42,365

8.6

673,760

42.0

Brake & Chassis
Related

272,895

20.9

242,118

20.8

30,77712.7

343,048

21.4

Body Related

233,40217.8204,528

17.6

28,87414.1

286,229

17.8

Information Related

77,472

5.9

56,4694.9

21,00337.2

75,900

4.7

Sub Total

1,248,271

95.4

1,108,947

95.4

139,324

12.6

1,532,634

95.5

Life & Energy Related

37,3802.9

35,713

3.1

1,667

4.7

48,338

3.0

Others

22,532

1.7

17,504

1.5

5,028

28.7

24,279

1.5Grand Total

1,308,185

100.0

1,162,165

100.0

146,02012.6

1,605,252

100.0

A
utomotiveRelated（Notes）Sales of "Others" includes "Construction and engineering works business" and "oil sales business",and so on.

− ２ −Consolidated Statements of Income(Millions of Yen)
3rd quarter

Previous 3rdquarter(9 months ended
Dec. 31, 2004)(9 months ended
Dec. 31, 2003)

Net Sales

1,308,185

1,162,165

146,020

1,605,252

Cost of Sales

1,128,421

1,005,337

123,084

1,377,161

Gross Profit

179,763

156,828

22,935228,091

Selling, General & Administrative
Expenses

118,714

99,497

19,217

141,322

Operating Income

61,04857,331

3,717

86,768

Non-Operating Income

11,336

8,928

2,408

13,304

Interest & Dividend Income

2,353

2,119

234

2,387

Investment Profit on Equity Method

3,024

1,796

1,228

2,691

Other

5,959

5,012

947

8,225

Non-Operating Expenses

9,381

9,009

372

15,418Interest Expenses

1,701

2,006305 )

2,393

Other

7,679

7,002

677

13,024

Ordinary Income

63,00357,2505,753

84,654Extraordinary Losses

2,798

―

2,798

7,319

Determinate Loss on Refunding
Substitution Benefit of Employee
Pension Fund―

―

―

7,319

Impairment Loss of Fixed Assets

2,798―

2,798―

Income Before Income Taxes
and Minority Interests60,205

57,2502,955

77,335

Income Taxes

25,068

24,101

967

29,336

Minority Interest in Net Income

8,272

9,330

1,058 )

13,279Net Income

26,863

23,817

3,046

34,719Subject− ３ −Increase(decrease)

Year ended(Mar. 31, 2004)((Consolidated Balance Sheets
Subject

3rd quarter

Year ended

Increase(decrease)(As of Dec. 31, 2004) (As of Mar. 31, 2004)（Millions Yen）
Previous 3rd quarter(As of Dec. 31, 2003)〔 Assets 〕
Current Assets

566,408

555,063478,729

8,689 )

72,977

4,314

235,973835 )

27,204

13,98094,0107,140 )

29,01421,001

Cash and Cash Equivalents
Trade Notes & Accounts
Receivable
Marketoble Securities

91,103

99,792

261,342

257,028

36,19337,028Inventories

113,498

99,518Deferred Tax Assets

29,41436,554

Other Current Assets
Less: Allowance for
Doubtful Accounts
Fixed Assets
Property, Plant & Equipment,
at costBuildings & Structures

35,69526,2499,446

1,108 )

269

(839 )((11,345(((1,450 )883,715

827,52156,194805,899

612,148581,552

30,596564,845

176,360

174,301

2,059

167,647

Machinery & Equipment

285,058

259,667

25,391

248,790

Furniture, Fixtures & Office

33,23430,026

3,208

28,604

Land

81,22276,708

4,514

77,185Construction in Progress

36,27340,8484,575 )

42,618

10,233

9,659

574

9,438

SoftwareExcess of Cost ofInvestments Over Equity inNet Assets Acquird
Other

6,106

5,447

659

4,508

424632208 )

767

3,701

3,579

122

4,162

Investments & Other Assets

261,333

236,309

25,024

231,614

Investments in Securities

213,911

188,971

24,940178,358

Long-term Loasns

4,265

4,439

174 )

4,386

Deferred Tax Assets

21,81621,806

1023,098

Other Assets
Less: Allowance for
Doubtful Accounts

21,962

21,694268

26,387

Intangible Fixed Assets

Total Assets(623 )

1,450,123(602 )

1,382,584− ４ −((((21 )

67,539(616 )

1,284,629

Subject

3rd quarter

Year ended(As of Dec. 31, 2004) (As of Mar. 31, 2004)

Increase anddecrease（Millions of Yen）
Previous 3rd quarter(As of Dec. 31, 2003)〔 Liabilities 〕
Current Liabilities
Trade Notes & Accounts
PayableShort-term Borrowings
Current Portion of Bonds
PayableCurrent Portion ofConvertible Bonds Payable
Amount in Arrears

495,489493,294

2,195

473,808

248,652

241,526

7,126

222,974

79,45053,027

26,42362,935―5,0005,000 )

5,000―――

29,10031,83437,758(5,924 )24,144

Accrued Expenses

93,096104,146(11,050 )87,099Accrued Income Taxes
Deposits Received fromEmployees
Accrued Warranty Cost

6,279

19,166(12,887 )9,979

17,501

16,691810

16,901

11,501

11,42279

11,305

Other Current Liabilities

7,172

4,554

2,618

4,368

274,408249,395

25,013

216,790

Bonds Payable25,650

25,650―15,150Long-term Debt

128,674

104,319

24,35586,988Deferred Tax Liabilities
Liability for Employees'
Retirement Benefits
Long-term Amount in Arrears

29,10423,786

5,318

19,35081,28678,385

2,901

77,694

9,693

17,2537,560 )

17,607

Total Liabilities

769,897742,690

27,207

690,599

140,950

133,633

7,317

130,316

Capital45,04945,049―41,140Capital Surplus

63,05762,926

131

59,022Retained Earnings
Net unrealized gain on available-forsale securities
Foreign Curreny Translation
Adjustments
Less:Treasury Stock, at Cost373,085

352,590

20,495344,179

67,32160,1407,181

53,802Long-term Liabilities((〔Minority Interests〕
Minority Interests〔 Shareholders' Equity 〕(6,091 )(10,091 )

4,000(6,496 )(3,147 )(4,354 )

1,207(27,935 )Total Shareholders' Equity

539,275

506,260

33,015

463,712

Total Liabilities, Minority Interests
and Shareholders' Equity

1,450,123

1,382,584

67,5391,284,629− ５ −Segment Information
１．Industry Segments
The company's main business is manufacturing and sales of automotive parts.Sales, operatingincome occupy over 90% in all segments. Therefore information of industry segments is omitted.

２．Geographical Segments
3rd quarter（9 months ended Dec. 31, 2004）
NorthJapan
America
Sales
Customers

EuropeOthers

Total（Millions of Yen）
Eliminatio Consolidns
ated

992,833

187,873

82,92244,555 1,308,185

167,036

5,675

3,189

3,628

Total
1,159,869
Operating Costs & Expenses 1,108,207
Operating Income
51,662

193,549
190,204
3,344

86,11285,308803

48,184 1,487,715 ( 179,530 ) 1,308,185
42,529 1,426,249 ( 179,113 ) 1,247,136
5,65461,465 (417 )
61,048Previous 3rd quarter（9 months ended Dec. 31, 2003）
NorthJapanEurope
America（Millions of Yen）
Eliminatio Consolid
atednsIntersegment

Sales
Customers

Others―179,530 ( 179,530 )

Total

―

941,565

133,793

53,36733,439 1,162,165

108,038

3,102

3,123

2,476

Total
1,049,604
Operating Costs & Expenses 996,417
Operating Income
53,186

136,895
137,360( 464)

56,491
56,621( 130)

35,915 1,278,906 ( 116,740 ) 1,162,165
30,752 1,221,152 ( 116,317 ) 1,104,834
5,162
57,754 (422 )
57,331

Intersegment―1,308,185

116,740 ( 116,740 )Year ended（Mar. 31, 2004）

1,162,165―（Millions of Yen）
Eliminatio Consolid
atednsJapan

North
AmericaEurope

1,295,625

188,743

77,00743,874 1,605,252

154,115

6,451

4,401

4,986

1,449,740
Total
Operating Costs & Expenses 1,368,876
Operating Income
80,864

195,195
194,954240

81,40981,487( 77)

48,861 1,775,207 ( 169,955 ) 1,605,252
42,304 1,687,623 ( 169,139 ) 1,518,483
6,556
87,584 (815 )
86,768

Sales
Customers
Intersegment

OthersTotal―

169,955 ( 169,955 )(Notes)1. It gets down from the classification of a country or an area with the degree ofgeographical proximity.
2. Main countries or regions are① North America･･･U.S.A., Mexico② Europe･･･Belgium, UK③ Others･･･Taiwan, Thailand, China− ６ −1,605,252―

３．Sales by Customer Location
3rd quarter（9 months ended Dec. 31, 2004）（Millions of Yen）

North America

EuropeOthers

Total

Overseas Sales

190,729

105,286

83,633379,649

Net Sales―――

1,308,185

Overseas Sales
Ratio to Net Sales

14.6％％

8.0

6.4％

Previous 3rd quarter（9 months ended Dec. 31, 2003）

29.0（Millions of Yen）

North America

EuropeOthers

Total

Overseas Sales

136,501

76,917

77,562

290,982

Net Sales―――

1,162,165

Overseas Sales
Ratio to Net Sales

11.7％％6.6％6.7％

Year ended（Mar. 31, 2004）

25.0％（Millions of Yen）

North America

EuropeOthers

Total

Overseas Sales

192,520

108,941

95,478396,940

Net Sales―――

1,605,252

Overseas Sales
Ratio to Net Sales

12.0％

6.8％

5.9％

24.7(Notes) 1.It gets down from the classification of an area with the degree ofgeographical proximity.
2.Main countries or regions are① North America･･･

U.S.A., Canada② Europe･･･

Sweden, Germany③ Others･･･

Korea, Taiwan, Thailand, China− ７ −％

＜Reference＞
１．Individual financial statement of The 3rd Quarter ended Dec 31, 2004
（Apr. 1, 2004 through Dec. 31, 2004） (summary)◇Statements of Income
Subject
Net Sales
Operating Income
Ordinary Income
Extraordinary Income(Loss)Net Income（Millions of Yen）

3rd quarter

Previous 3rd quarter(9 months ended
Dec. 31, 2004)(9 months ended
Dec. 31, 2003)

474,398
20,82023,614(1,375)
14,396(Mar. 31, 2004)

437,000
16,772
18,569―11,49537,3984,048
5,045(1,375)
2,901

601,872
25,042
26,425(4,032)
15,250Year ended

Increase(decrease)◇Balance Sheets
Subject〔 Assets 〕
Current Assets
Fixed Assets
Property, Plant &Equipment, at cost
Intangible Fixed Assets
Investments & Other Assets
Total
Subject〔 Liabilities 〕
Current Liabilities
Long-term Liabilities
Total Liabilities〔 Shareholders' Equity 〕
CapitalCapital Surplus
Retained Earnings
Net unrealized gain on
available-for-sale securities

Year ended

Increase(decrease)（Millions of Yen）

3rd quarter(As of Dec. 31, 2004) (As of Mar. 31, 2004)

Previous 3rd quarter(As of Dec. 31, 2003)

220,745459,717

218,061433,840

2,684
25,877

184,241
414,147

130,715

134,733(4,018)131,376

3,062
325,939
680,4622,290
296,817651,902772
29,122
28,5602,015
280,755
598,389

3rd quarter

Year ended

Increase(decrease)(As of Dec. 31, 2004) (As of Mar. 31, 2004)

Previous 3rd quarter(As of Dec. 31, 2003)

132,418
186,918
319,337

148,082
159,267
307,349(15,664)
27,651
11,988

158,723
134,052
292,775

45,04963,057
189,33945,04962,926
181,026―
8,313

41,14059,022
179,61465,79258,8706,922

52,738Less:Treasury Stock, at Cost

(2,112)(3,320)1,208(26,901)

Shareholders' Equity Total
Total

361,125
680,462

344,552
651,902

16,57328,560305,613598,389

2．Operating Results Forecast ended Mar. 31, 2005
（Apr. 1, 2004 through Mar. 31, 2005）
Net SalesYear ended Mar. 31, 2005

Operating Income Ordinary Income

Net Income

Millions of Yen

Millions of Yen

Millions of Yen

Millions of Yen

640,000

30,00032,00020,800

Forecast has been amended due to increase of net sales.
− ８ −