FY2008 3rd quarter Consolidated Financial Results(April 1, 2007 through December 31, 2007)
January 31, 2008
Company Name
Code Number
Representative
Reference person in charge

AISIN SEIKI Co., Ltd.

Listed on7259

URL

The Tokyo, Osaka and Nagoya
Stock Exchanges (1st division)
http://www.aisin.com/+81-566-24-8265

Yasuhito Yamauchi, President
TEL
Masaaki Yasui,
General Manager, Finance & Accounting Dept.

（Amounts less than million yen are rounded down.）
１. Consolidated Results for 3rd Quarter of FY2008（April 1, 2007 through December 31, 2007）(1)Consolidated Financial Results
Net Sales
Operating Income
Ordinary Income
Net Income
FY2008 3rd quarter
FY2007 3rd quarter
FY2007

FY2008 3rd quarter
FY2007 3rd quarter
FY2007in Million Yen％in Million Yen％in Million Yen％in Million Yen％

1,999,211
1,736,259
2,378,611

15.1
13.0
―

136,574
91,848131,034

48.7
6.7
―

144,494
97,447
134,287

48.3
4.6
―

69,94346,32066,88951.0
4.5―

Earnings Per Share

Fully Diluted Earnings
Per ShareYen

Yen

245.52161.30233.03245.21161.07232.71

Note : Percentages for net sales, operating income, ordinary income and net income indicate changes from the same period of the previous year.

(2)Consolidated Financial Position

FY2008 3rd quarter
FY2007 3rd quarter
FY2007

Net income as a percentage ofnet assets excluding sharesubscription warrant andminority interest

Net assets excluding sharesubscription warrant andminority interest per share

Total Assets

Total Net Assets

in Million Yen

in Million Yen％Yen

2,034,406
1,969,913
2,037,896

996,855
935,635
955,853

38.2
37.8
37.2

2,738.24
2,590.97
2,662.78

２. Consolidated forecast for FY2008 (April 1, 2007 through March 31, 2008)
Net Sales
FY2008Operating Income

Ordinary Income

Earnings Per ShareNet Incomein Million Yen％in Million Yen％in Million Yen％in Million Yen％

Yen

2,700,000

13.5

178,000

35.8

184,000

37.0

90,00034.6

317.33Note : Percentages for net sales, operating income, ordinary income and net income indicate changes from the same period of the previous year.

※ The above forecasts are based on AISIN's plans and expectations based on currently available information. Therefore, the finalresults might be significantly different from the aforementioned forecast due to unknown risks such as economic environment, andexchange rate, etc.
３．Others(１)Consolidation Scope
Number of consolidated subsidiaries
Number of unconsolidated subsidiaries
Affiliates accounted for under equity method: 145: none11:

【Qualitative Information , Financial Statements 】
１. Qualitative Information on Consolidated Financial Results
Uncertainties such as oil price increase, and weakness in the economy of the major markets
contributed to declining total sales volume in Japan, the U.S., and Europe. But strong sales
in the emerging markets such as China and India offset these declines resulting in continued
volume increase in the overall worldwide automobile market.
Sales within the Auto Parts segment increased 15.1% ( ¥ 1,915.8billion) compared with the samequarter of the previous fiscal year ( ¥ 1,665.1billion) due to clients ’ production expansions,in addition to aggressive sales activities for automatic transmissions, manual transmissions,
car navigation systems, and power sliding doors. Furthermore, sales of the Life & Energy
related products and other business increased 17.3% ( ¥ 83.3billion) compared with the samequarter of the previous fiscal year (¥71.0billion).
As a result, total sales increased 15.1% ( ¥ 1,999.2billion) compared with the same quarterof the previous fiscal year ( ¥ 1,736.2billion). Despite higher depreciation and amortization
expenses, and R&D expenses, increase in sales and favorable activities to streamline and raise
efficiency in all areas of operations through cost reductions and other measures resulted in a 48.7%
increase in operating income from \91.8billion to ¥ 136.5billion. Ordinary income increased 48.3%
to ¥144.4billion. (Previous: ¥97.4billion) Net income increased 51.0% to \69.9billion. (Previous:\46.3billion)

Consolidated Net Sales by Category（in Millions）

Category

FY2007 3rd quarter FY2008 3rd quarter(Apr. 2006 through (Apr. 2007 throughDec. 2006)
Dec. 2007)
%%
Yen
Yen

Increase(Decrease)

Variation
ratio

FY2007(Apr. 2006 throughMar. 2007)%
Yen

Engine Related

166,4549.6

191,934

9.6

25,48015.3

223,275

9.4

Drivetrain Related

729,58442.0

868,660

43.4

139,07619.1

1,014,016

42.6

Brake & Chassis Related

347,233

20.0

395,59419.8

48,361

13.9

468,260

19.7

Body Related

322,34618.6

352,22217.6

29,8769.3

433,210

18.2

Information Related

99,558

5.7

107,443

5.4

7,885

7.9

140,053

5.9

1,665,176

95.9

1,915,855

95.8

250,679

15.1

2,278,816

95.8

38,326

2.2

40,071

2.0

1,745

4.6

51,592

2.2

Others32,7571.9

43,284

2.2

10,52732.1

48,2022.0Grand Total

1,736,259

100.0

1,999,211

100.0

262,95215.1

2,378,611

100.0

Total Automotive
RelatedLife & Energy Related

Note : Sales of “Others” includes “Construction and Engineering Works Business” and “Oil Sales Business”.

２. Qualitative Information on Consolidated Financial Position
For the 3rd quarter of FY2008 (April 1, 2007 through December 31, 2007) total assets decreased
0.2% from \2,037.8billion to \2,034.4billion due to fluctuations in assessment of securities, andpurchases of own stocks. Shareholders' equity meanwhile increased due to a 4.3% increase in net
income from \955.8billion to \996.8billion.
３. Qualitative Information on Consolidated Forecast for FY2008
The most significant risks are a worldwide slowdown in economic growth, volatile exchange rates andintensified global competitions. Aisin will counter these risks by striving for continued growth bybuilding a strong foundation with a solid earning structure.
Variances in currency exchange rate premises of \105=1USD and \155=1EUR, depreciation
calculation change(income tax revision), and R&D cost increase will decrease profitability
but will be offset by cost reduction activities and streamlining of management. Accordingly, theforecast for FY2008 is as follows: Sales forecast of \2,660.0 billion. Operating income of\178.0billion. ordinary \184.0billion. Net income of \90.0billion.
４. Others(1) Significant change in scope of consolidation
None.
(2) Accounting estimation method used for reportingTo calculate ending inventory for this quarter book value fluctuation was used.
(3) Change in accounting policy
None.

Consolidated Balance Sheets（in Million Yen）

FY2007

FY2008 3rd quarter

Increase(Decrease)(As of Mar. 31, 2007) (As of Dec. 31, 2007)

FY2007 3rd quarter(As of Dec. 31, 2006)〔 Assets 〕
Current Assets

767,369

800,31132,942735,950

Cash and Cash Equivalents

98,628103,034

4,406

105,368

Trade Notes & Accounts
Receivable

363,726

368,263

4,537

340,349

Marketable Securities

38,62247,934

9,312

41,326Inventories

168,762

175,665

6,903

165,660

Deferred Tax Assets

48,38647,591795 )

37,083

Others49,97458,5688,594

46,922

Less: Allowance for Doubtful
Accounts(

Fixed Assets

732 )(747 )((15 )(760 )(36,431 )

1,233,962

1,270,526

1,234,095

Property, Plant & Equipment

839,192

842,489

3,297

795,522

Buildings & Structures

240,051244,107

4,056

222,810

Machinery, Equipment &Vehicles

419,876

415,875(4,001 )402,286

Tools, Furniture & Fixtures

42,55038,664(3,886 )40,137

Land

88,412

92,5594,147

86,106

Construction in Progress

48,301

51,282

2,981

44,181

16,13919,4483,309

12,197

Consolidation Adjustments

3,566

7,271

3,705

1,287

Software

10,0689,705(363 )

8,492

Others

2,504

2,470

(34 )

2,417

Investments & Other Assets

415,194372,158(43,036 )426,242

Investments in Securities

357,422309,725(47,697 )370,936

Long-term Loans

4,259

4,418

159

4,648

Deferred Tax Assets

24,22826,872

2,644

22,631Others29,77331,586

1,813

29,218445 )43Intangible Fixed Assets

Less: Allowance for Doubtful
Accounts
Total Assets(488 )
2,037,896(2,034,406(3,490 )(1,193 )1,969,913

（in Million Yen）

FY2007

FY2008 3rd quarter

Increase(Decrease)(As of Mar. 31, 2007) (As of Dec. 31, 2007)〔 Liabilities 〕
Current Liabilities
Trade Notes& Accounts Payable
Commercial Paper& Short-term Borrowings
Current Portion of BondsPayable
Amount in Arrears
Accrued Expenses
Accrued Income Taxes
Deposits Received fromEmployees
Accrued Warranty Cost
OthersLong-term Liabilities
Bonds Payable
Long-term Debt
Deferred Tax Liabilities
Allowance for Employees
Retirement Benefits
Long-term Amount inArrears
Consolidation Adjustments
OthersTotal Liabilities〔 Net Assets 〕
Shareholders' Equity
Common Stock
Capital Surplus
Retained Earnings
Less:Treasury Stock, at Cost
Evaluation andConversion Difference
Net Unrealized Gain on
Available-for-sale Securities
Profit & Loss of Deferral
Hedge Accounting
Foreign Currency
Translation Adjustments
Subscription Warrant
Minority Interests
Total Net Assets
Total Liabilities
and Net Assets((FY2007 3rd quarter(As of Dec. 31, 2006)

679,070648,274(30,796 )609,418

359,873

356,811(3,062 )

340,828

30,51840,371

9,853

58,622

15,00015,000――47,907130,345
41,64732,727
127,355
21,035

15,180 )2,990 )
20,612 )29,973
107,044
15,546

16,883

17,588705

17,494

16,133
20,761

17,71819,666

1,585
1,095 )

15,36424,544402,972
20,000221,076
72,627389,276
20,000223,014
57,49913,696 )―1,938
15,128 )424,859
35,000219,551
80,896

86,97887,03557

86,3491,052

211(841 )

1,521

121
1,116
1,082,042

69
1,445
1,037,551((52 )
329
44,491 )505
1,033
1,034,278

602,382
45,04957,891
501,0091,567 )

650,258
45,04958,803557,259
10,853 )(47,876―912
56,2509,286 )

588,279
45,04964,004
480,440
1,214 )

156,361

126,353(30,008 )156,613145,136

114,579(30,557 )

150,752848 )(181 )

667 )((((((((((620 )

11,892

12,622

730

6,481

167
196,941
955,853470
219,772
996,855

303
22,831
41,002

104
190,637
935,635

2,037,896

2,034,406

3,490 )

1,969,913(Consolidated Statements of Income（in Million Yen）

FY2007 3rd quarter FY2008 3rd quarter(Apr. 2006 through (Apr. 2007 throughDec. 2007)
Dec. 2006)

Increase(Decrease)

FY2007(Apr. 2006 throughMar. 2007)

Net Sales

1,736,259

1,999,211

262,952

2,378,611

Cost of Sales

1,509,260

1,711,532

202,272

2,060,667

Gross Profit

226,998

287,678

60,680317,944

Selling, General &Administrative Expenses

135,150

151,104

15,954

186,909

Operating Income

91,848

136,574

44,726

131,034

Non-Operating Income

16,636

19,353

2,717

21,703

Interest & Dividend Income

4,404

5,501

1,097

4,735

Equity Income

4,830

6,438

1,608

6,302

Other Income

7,401

7,413

12

10,664

Non-Operating Expenses

11,037

11,434397

18,450Interest Expense

2,704

3,057

353

3,546

Other Expenses

8,332

8,377

45

14,903

Ordinary Income

97,447

144,494

47,047

134,287

Income Before Income Taxes
and Minority Interests97,447

144,494

47,047

134,287

Income Taxes

32,18646,09813,912

44,775

Minority Interests in Net Income

18,94028,452

9,512

22,622Net Income

46,32069,94323,623

66,889

Segment Information
１． Industry Segments
AISIN's main business is manufacturing and sales of automotive parts. The amount of sales and operating incomein this business occupies over 90% of these in all segments.
Therefore information of industry segments is omitted.
２． Geographical Segments
FY2007 3rd quarter (April 1, 2006 through December 31, 2006)
NorthJapanEurope
America
Sales
1,219,574 276,622 121,442(1) Customers

OthersTotal

118,618 1,736,259（in Million Yen）
EliminaConsolitions
dated―

248,500 ( 248,500 )

1,736,259―(2) Inter-segment

231,442

6,891

4,625

Total
Operating Costs & Expenses
Operating Income

1,451,017
1,382,772
68,244

283,514
277,701
5,812

126,068
123,304
2,763

124,160 1,984,760 ( 248,500 ) 1,736,259
108,763 1,892,542 ( 248,131 ) 1,644,410
15,396369 )
91,84892,217 (FY2008 3rd quarter (April 1, 2007 through December 31, 2007)
NorthJapanEurope
America
Sales1,377,167 308,832 143,235(1) Customers（in Million Yen）
EliminaConsolitions
dated(2) Inter-segment272,703

6,997

5,649

Total
Operating Costs & Expenses
Operating Income

1,649,870
1,552,280
97,590315,830
306,994
8,835

148,885
145,384
3,501

5,542

OthersTotal

169,975 1,999,211
7,049

292,400 ( 292,400 )JapanNorth
America

EuropeOthers1,668,562

373,537

174,837

161,673 2,378,611(2) Inter-segment

314,019

9,143

6,524

Total
Operating Costs & Expenses
Operating Income

1,982,582
1,883,567
99,015

382,680
374,592
8,088181,362
177,452
3,910

8,717

Total

:::

U.S.A., Mexico
Belgium, Czech
Thailand, China―（in Million Yen）
EliminaConsolitions
dated―

338,404 ( 338,404 )2,378,611―

170,390 2,717,016 ( 338,404 ) 2,378,611
149,550 2,585,162 ( 337,584 ) 2,247,577
20,840 131,854 (819 )
131,034

Note: 1.Geographical segments are determined according to geographical closeness.
2.Main countries are① North America② Europe③ Others

1,999,211

177,025 2,291,611 ( 292,400 ) 1,999,211
149,509 2,154,168 ( 291,531 ) 1,862,636
27,516 137,442 (868 )
136,574

FY2007 (April 1, 2006 through March 31, 2007)

Sales(1) Customers―

３． Sales by Customer Location
FY2007 3rd quarter (April 1, 2006 through December 31, 2006)（in Million Yen）

North America

EuropeOthers

Total

Overseas Sales

309,648

142,804

172,826

625,280

Net Sales―――

1,736,259

Overseas Sales
Ratio to Net Sales

17.8％％8.2

10.0％36.0（in Million Yen）

FY2008 3rd quarter (April 1, 2007 through December 31, 2007)
North America

EuropeOthers

Total

Overseas Sales

345,361

167,907258,380

771,649

Net Sales―――

1,999,211

Overseas Sales
Ratio to Net Sales

17.3％％

8.4

12.9％

38.6

North America

EuropeOthers

Total

Overseas Sales

415,763

205,129

237,637

858,530

Net Sales―――

2,378,611

Overseas Sales
Ratio to Net Sales

17.5

Note: Main countries are① North America② Europe③ Others

8.6

:::％

（in Million Yen）

FY2007 (April 1, 2006 through March 31, 2007)

％％％

10.0

U.S.A., Canada
Germany, Sweden
Thailand, China, South Korea％36.1％

＜Reference＞
１．Unconsolidated financial statements FY2008 3rd quarter(Aprlil 1, 2007 through December 31, 2007)
Statements of Income

Net Sales
Operating Income
Ordinary Income
Net Income（in Million Yen）

FY2007 3rd quarter FY2008 3rd quarter(Apr. 2006 through (Apr. 2007 throughDec. 2006)
Dec. 2007)
577,140
642,825

19,17627,20919,88125,85938,732
28,688

Increase(Decrease)

65,685
6,683
11,523
8,807

Balance Sheets
FY2008 3rd quarter(As of Mar. 31, 2007) (As of Dec. 31, 2007)

Increase(Decrease)(As of Dec. 31, 2006)

349,716
698,893

7,947(28,394)

329,882
724,000

182,260

187,100

4,840

171,578

3,978
541,048
1,069,056

7,670
504,122
1,048,610

3,692(36,926)(20,446)

3,834
548,588
1,053,883

FY2007

FY2008 3rd quarter

Increase(Decrease)

FY2007 3rd quarter(As of Dec. 31, 2006)

279,883
347,577
627,461

287,784
339,725
627,509

7,901(7,852)
48

207,190
365,623
572,814301,868
45,04963,139233,429309,21145,04962,926247,622

7,343
―
(213)
14,193

333,492
45,04963,138226,198(39,749)(46,387)(6,638)(893)

139,558

111,418(28,140)

147,471167441,595

470
421,100

303(20,495)

104
481,069

1,069,056

1,048,610(20,446)

1,053,883

2．Unconsolidated forecast for FY2008（April 1, 2007 through March 31, 2008）
Net Sales

FY2008FY2007 3rd quarter

341,769
727,287(As of Mar. 31, 2007) (As of Dec. 31, 2007)〔 Liabilities 〕
Current Liabilities
Long-term Liabilities
Total Liabilities〔 Net Assets 〕
Shareholders' Equity
Common Stock
Capital Surplus
Retained Earnings
Less:Treasury Stock,at CostEvaluation andConversion Difference
Subscription Warrant
Total Net Assets
Total Liabilities
and Net Assets28,538
36,808
27,112（in Million Yen）

FY2007〔 Assets 〕
Current Assets
Fixed Assets
Property, Plant &Equipment
Intangible Fixed Assets
Investments & Other Assets
Total Assets

FY2007(Apr. 2006 throughMar. 2007)
786,966

870,000（in Million Yen）

Operating Income

Ordinary Income

36,00049,000Net Income

36,500