FY2008 1st quarter Consolidated Financial Results(April 1, 2007 through June 30 , 2007)
July 26, 2007
Company NameAISIN SEIKI Co., Ltd.

Listed on

The Tokyo, Osaka and Nagoya
Stock Exchanges (1st division)

Code Number7259
LocationUR
L
Representative
Yasuhito Yamauchi, President
TE
L
Reference person in charge Masaaki Yasui,
General Manager, Finance & Accounting Dept.

Aichi, JAPANhttp://www.aisin.co.jp/
81 - 566 - 24 - 8265

（Amounts less than million yen are rounded down.）

１. Consolidated Results for 1st Quarter of FY2008（Apr. 1, 2007 through Jun. 30, 2007）(1)Consolidated Financial Results
Net Sales
Operating Income
Ordinary Income
Net Income
FY2008 1st quarter
FY2007 1st quarter
FY2007

Million Yen％

Million Yen％

Million Yen％

Million Yen％

641,698
556,516
2,378,611

15.3
13.9

39,59827,274
131,034

45.2
5.8

43,37628,879134,287

50.2
2.7

20,65813,33566,88954.9
0.9

Earnings Per Share
FY2008 1st quarter
FY2007 1st quarter
FY2007

Fully Diluted Earnings
Per ShareYenYen

72.49
46.48
233.0372.38
46.43
232.71

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
Total Assets
FY2008 1st quarter
FY2007 1st quarter
FY2007

Shareholders' Equity

Shareholders' Equity Ratio Shareholders' Equity Per Share

Million Yen

Million Yen％

Yen

2,045,787
1,839,781
2,037,896

978,749
851,743955,853

37.9
36.7
37.2

2,719.38
2,354.26
2,662.78

２. Consolidated forecast for FY2008 (Apr. 1, 2007 through Mar. 31, 2008)
Net Sales
1st Half of FY2008

FY2008Operating Income

Ordinary IncomeNet IncomeEarnings Per Share

Million Yen％

Million Yen％

Million Yen％

Million Yen％

Yen

1,250,000
2,500,000

11.6
5.1

70,000135,000

34.2
3.0

73,000137,000

33.5
2.0

32,00068,00029.6
1.7

122.27238.58Note : Percentages for net sales, operating income, ordinary income and net income indicate changes from the same period of the previous year.

３. Others(1)Change in significant subsidiaries: No(2)Adoption of handy method in method of accounting treatment: Yes
To determine change in inventory for this quarter book value fluctuation was used(3)Changes according to revision of accounting policy: Yes
In accordance with the change mandated under the income tax law all fixed assets acquired after April 1st, 2007 will be
depreciated using the amended caluculation method.

(※）

Forecasts above are based on AISIN's plans and expectations. These are not guarantees of future performance including known
and unknown risks, uncertainties and other factors that may cause actual results, performance, achievements or financial position
to be materially different from the forecasts expressed or implied in this report.

－ １ －【Qualitative information , Financial statements and so on】
１. Qualitative information on Consolidated Financial Results
Factors such as raw material increase, oil price increase, currency exchange fluctuation andintensified global competition resulted in a uncertain enviroment at Aisin Seiki. While automobile
sales in major markets in the North America and Europe were stagnant, sales in the emerging markets
such as China and India were rapidly expanding, which resulted in a steady growth of worldwide
automobile market.
Sales within the Auto Parts segment increased 14.6% ( ¥ 612,890million) compared with the same
fiscal quarter of the previous year ( ¥ 534,966million) 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 33.7% ( ¥ 28,808million) compared with the samequarter of the previous fiscal year (¥21,549million).
As a result, total sales increased 15.3% ( ¥ 641,698million) compared to the same quarterof the last fiscal year ( ¥ 556,516million).Despite higher depreciation and amortization
expenses and raw materials prices, the favorable activities to streamline and raise efficiency
in all areas of operations through cost reductions and other measures resulted in a 45.2%
increase in operating income from \27,274million to ¥39,598million. Ordinary income increased 50.2%
to ¥43,376million. (Previous: ¥28,879million) Net income increased 54.9% to \20,658million.
(Previous: ¥13,335million)

Consolidated Net Sales by Item（Million Yen）

CategoryFY2007 1st quarter

FY2008 1st quarter(Apr. 2006 throughJun. 2006)(Apr. 2007 throughJun. 2007)

AmountAutomotiveRelated

Percentage

AmountPercentage%

FY2007
Increase(Decrease)%

Variation
ratio(Apr. 2006 throughMar. 2007)
AmountPercentage%%

Engine Related

54,262

9.7

62,403

9.7

8,141

15.0

223,275

9.4

Drivetrain Related

235,36142.3

276,255

43.1

40,89417.4

1,014,016

42.6

Brake & Chassis
Related110,815

19.9

123,466

19.2

12,651

11.4

468,260

19.7

Body Related

101,81218.3

112,98117.6

11,16911.0433,210

18.2

Information Related

32,713

5.9

37,783

5.9

5,070

15.5

140,053

5.9

Sub Total

534,966

96.1

612,890

95.5

77,92414.6

2,278,816

95.8

11,7802.1

12,436

1.9

656

5.6

51,5922.2Life & Energy Related
OthersGrand Total

9,769

1.8

16,371

2.6

6,602

67.6

48,2022.0

556,516100.0

641,698

100.0

85,18215.3

2,378,611

100.0

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

２. Qualitative information on Consolidated Financial Position
During the 1st quarter of FY2008 (Apr. 1, 2007 through Mar. 31, 2008) total assets increased 0.4%
from \2,037,896 million to \2,045,787 million due to the increase in assessment of owned stocks.
Shareholders' equity also increased due to a 2.4% increase in net income from \955,853 million to\978,749 million.
３. Qualitative information on Consolidated forecast for FY2008
While there are uncertainties such as crude oil and material price increase the forecast forFY2008 is as follows: Sales continues to be strong resulting in a forcast of \2,500,000 million.
Factors for decrease in profit are currency exchange rate of \115=1USD and \150=1EUR,depreciation caluculation change(income tax revision), and research cost increase. These
increases are forcasted to be offset by cost reduction activites and streamlining of management,
resulting in a profitforecast of \135,000 million operating income, \137,000 million ordinary
income,and \68,000 million net income.

－ ２ －Consolidated Statements of Income
FY2007 1st quarter FY2008 1st quarter(Apr. 2006 through (Apr. 2007 throughJun. 2006)
Jun. 2007)

Increase(Decrease)（Million Yen）
FY2007(Apr. 2006 throughMar. 2007)

Net Sales

556,516

641,698

85,182

2,378,611

Cost of Sales

485,574552,687

67,1132,060,667

Gross Profit

70,94289,011

18,069317,944

Selling, General &Administrative Expenses

43,66749,412

5,745

186,909

Operating Income

27,274

39,59812,324

131,034

Non-Operating Income

5,043

7,833

2,790

21,703

Interest & Dividend Income

1,940

3,114

1,174

4,735

Investment Profit on Equity
Method

1,274

1,720

446

6,302

Other Income

1,828

2,998

1,170

10,664

Non-Operating Expenses

3,438

4,055

617

18,450Interest Expense

646

1,156

510

3,546

Other Expenses

2,792

2,899

107

14,903

Ordinary Income

28,87943,376

14,497

134,287

Income Before Income Taxes
and Minority Interests

28,87943,376

14,497

134,287

Income Taxes

10,243

14,3334,090

44,775

Minority Interests in Net Income

5,300

8,384

3,084

22,622Net Income

13,33520,658

7,323

66,889－ ３ －Consolidated Balance Sheets
FY2007

FY2008 1st quarter(As of Mar. 31, 2007) (As of Jun. 30, 2007)

Increase(Decrease)（Million Yen）
FY2007 1st quarter(As of Jun. 30, 2006)〔 Assets 〕
Current Assets

767,369

766,181(1,188 )694,950

Cash and Cash Equivalents

98,62878,860(19,768 )

86,305Trade Notes & Accounts
Receivable

363,726

366,923

3,197

320,432

Marketable Securities

38,62247,365

8,743

51,786Inventories

168,762

169,298536

154,496

Deferred Tax Assets

48,38653,9705,584

44,227

Others49,97450,459485

39,135697 )35

Less: Allowance for Doubtful
Accounts(

Fixed Assets

732 )(1,270,526

1,279,606

Property, Plant & Equipment

839,192

835,049

Buildings & Structures

240,051

Machinery, Equipment &Vehicles(1,434 )9,080

1,144,831

4,143 )

782,980

242,498

2,447

220,655

419,876

425,087

5,211

388,159

Tools, Furniture & Fixtures

42,55041,697853 )

38,037

Land

88,412

89,039627

85,626

Construction in Progress

48,30136,726(11,575 )

50,501

16,13915,648(491 )

10,961

Consolidation Adjustments

3,566

3,374

(192 )

833

Software

10,0689,710(358 )

7,696

Others

2,504

2,563

59

2,431

Investments & Other Assets

415,194428,907

13,713350,890Investments in Securities

357,422369,365

11,943296,883

Long-term Loans

4,259

4,127132 )4,318

Deferred Tax Assets

24,22824,882654

21,609Others29,77331,012

1,239

28,581479 )9Intangible Fixed Assets

Less: Allowance for Doubtful
Accounts
Total Assets(488 )(2,037,896－ ４ －2,045,787(((7,891(504 )
1,839,781

FY2007

FY2008 1st quarter(As of Mar. 31, 2007) (As of Jun. 30, 2007)〔 Liabilities 〕
Current Liabilities
Trade Notes& Accounts Payable
Commercial Paper& Short-term BorrowingsCurrent Portion of Bonds
PayableAmount in Arrears
Accrued Expenses
Accrued Income Taxes
Deposits Received fromEmployees
Accrued Warranty CostOthers
Long-term Liabilities
Bonds Payable
Long-term Debt
Deferred Tax Liabilities
Allowance for Employees
Retirement Benefits
Long-term Accrued
Expenses
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 AccountingForeign Currency
Translation Adjustments
Subscription Warrant
Minority Interests
Total Net Assets
Total Liabilities
and Net Assets((Increase(Decrease)（Million Yen）
FY2007 1st quarter(As of Jun. 30, 2006)

679,070

652,679(26,391 )613,512359,873352,176(7,697 )318,630

30,51821,639(8,879 )58,722

15,00015,000―150

47,907130,345
41,647

37,134
152,417
16,228(10,773 )
22,072
25,419 )45,789133,746
10,87016,883

16,115(768 )

16,127

16,133
20,761

16,90425,064771
4,303

14,635
14,840402,972
20,000221,076
72,627414,358
20,000226,805
81,716

11,386
―
5,729
9,089

374,525
35,500196,368
55,72086,97884,967(2,011 )84,7681,052

348(704 )

2,167

121
1,116
1,082,042

115
404
1,067,038

(
((6)
712 )
15,004 )――988,038

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

616,297
45,04957,983514,828
1,563 )

13,915―92
13,8194

558,408
45,04963,262452,012
1,915 )

156,361

158,778

2,417

116,843

145,136

149,0653,929

111,605

236 )

431

711,943 )

5,166

667 )

(((11,892

9,949

167
196,941
955,853230
203,443
978,74963
6,502
22,896―
176,490851,7432,037,896

2,045,787

7,891

1,839,781－ ５ －((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
FY2008 1st quarter (Apr. 2007 through Jun. 2007)
NorthJapanAmerica
Sales
436,361 106,382(1) Customers

EuropeOthers

Total

48,79750,156641,698（Million Yen）
EliminaConsolitions
dated―

641,698(2) Inter-segment

84,705

2,276

1,859

2,385

91,227 ( 91,227 )

―

Total
Operating Costs & Expenses
Operating Income

521,066
494,429
26,636108,659
105,480
3,179

50,65749,045
1,612

52,54244,4508,092

732,926 ( 91,227 )693,405 ( 91,305 )
39,521
77

641,698
602,099
39,598FY2007 1st quarter (Apr. 2006 through Jun. 2006)
NorthJapan
America
Sales
386,028
92,659(1) CustomersEuropeOthers

Total

42,38835,440556,516（Million Yen）
EliminaConsolitions
dated―

556,516(2) Inter-segment

72,207

2,342

1,706

1,974

78,232 ( 78,232 )

―

Total
Operating Costs & Expenses
Operating Income

458,236
440,113
18,12395,002
92,331
2,670

44,09542,697
1,398

37,41532,458
4,956

634,748 ( 78,232 )
607,600 ( 78,358 )
27,147
126556,516
529,242
27,274

FY2007 (Apr. 2006 through Mar. 2007)
JapanNorth
AmericaEurope

Others1,668,562

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
8,088

181,362
177,452
3,910

Sales
(1) Customers

8,717

:
:
:

U.S.A., Mexico
Belgium, Czech
Thailand, China

－ ６ －

―

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 determined according to geographical closeness.
2.Main countries are① North America② Europe③ Others

Total（Million Yen）
ConsoliEliminadatedtions

３． Sales by Customer Location
FY2008 1st quarter (Apr. 2007 through Jun. 2007)（Million Yen）

North America

EuropeOthers

Total

Overseas Sales

115,906

55,06679,083250,056

Net Sales―――

641,698

Overseas Sales
Ratio to Net Sales

18.1％％

8.6

12.3％

FY2007 1st quarter (Apr. 2006 through Jun. 2006)

39.0（Million Yen）

North America

EuropeOthers

Total

Overseas Sales

98,83048,65658,358205,845

Net Sales―――556,516

Overseas Sales
Ratio to Net Sales

17.8％％

8.7

10.5％

FY2007 (Apr. 2006 through Mar. 2007)

37.0％（Million Yen）

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

:
::％

10.0

U.S.A., Canada
Germany, Sweden
Thailand, China, South Korea－ ７ －％

36.1％

＜Reference＞
１．Unconsolidated financial statements FY2008 1st quarter(Apr. 1, 2007 through Jun. 30, 2007)

Statements of Income(Million Yen)

FY2007 1st quarter FY2008 1st quarter(Apr. 2006 throughJun. 2006)(Apr. 2007 throughJun. 2007)

179,648
4,605
10,812
9,196

199,936
5,814
17,723
14,596Net Sales
Operating Income
Ordinary Income
Net Income

Increase(Decrease)

FY2007(Apr. 2006 throughMar. 2007)

20,288
1,209
6,911
5,400

786,966
28,53836,808
27,112

Balance Sheets(Million Yen)

FY2008 1st quarter

FY2007(As of Mar. 31, 2007) (As of Jun. 30, 2007)〔 Assets 〕
Current Assets
Fixed Assets
Property, Plant &Equipment
Intangible Fixed Assets
Investments & Other Assets
Total Assets

341,769
727,287

342,133
737,119

182,260

178,8443,978
541,048
1,069,056

3,687
554,587
1,079,252
FY2008 1st quarter

FY2007(As of Mar. 31, 2007) (As of Jun. 30, 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 Assets

279,883
347,577
627,461259,504
363,622623,127

301,868
45,04963,139233,429

309,804
45,04963,009241,186

FY2007 1st quarter(As of Jun. 30, 2006)

364
9,832

324,164
649,695(3,416 )171,233(291 )
13,53910,196

3,785
474,676
973,859

Increase(decrease)(((FY2007 1st quarter(As of Jun. 30, 2006)

20,379 )16,045
4,334 )

223,042
315,338
538,381

7,936
―
130 )
7,757

325,833
45,04963,262
220,219

39,441 )308

139,558

146,090

6,532

109,644167
441,595

230
456,125

63
14,530―435,478

1,069,056

1,079,252

10,196

973,859

39,749 )((Increase(decrease)(2,698 )2．Unconsolidated Forecast for FY2008（Apr. 1, 2007 through Mar. 31, 2008）
Net Sales

Operating Income

Ordinary Income

Million Yen

Million Yen

Million Yen

Half year end (Sep. 07)
Year end Mar. 31, 08

405,000
820,000

13,00030,000－ ８ －22,00038,000Net Income
Million Yen

17,50027,500