FY2006 Consolidated Financial Results
April-27-2006(April 1, 2005 through March 31, 2006)
ListedCompany Name
Code Number

AISIN SEIKI Co., Ltd.

The Tokyo, Osaka and Nagoya stock
exchanges (1st division)
Aichi, JAPAN

Listed at7259

Location(URL http://www.aisin.co.jp)
Representative
Yasuhito Yamauchi, President
Reference person in charge
Masaaki Yasui,
General Manager, Finance & Accounting Dept.

TEL 81 - 566 - 24 - 8265

１. Results of FY2006 （Apr.1, 2005 through Mar.31, 2006）(1)Operating Results（Amounts less than million yen are rounded down.）
Net Sales
Million Yen

FY2006
FY20052,120,588 （1,829,064 （Net Income
Million Yen

FY2006
FY200561,095 （46,718 （Change fromprevious FY％

Million Yen

15.9 ）
13.9 ）
Change fromprevious FY

Change fromprevious FY

Operating Income

Million Yen％

118,096 （95,110 （Change fromprevious FY

Ordinary Income

24.2 ）
9.6 ）％

125,096 （98,457 （27.1 ）16.3 ）Earnings Per Share

Fully Diluted Earnings Per Share

209.15yen
159.94yen

208.86yen
159.77yen％

30.8 ）
34.6 ）

Note1 : Equity in earnings of affiliates
FY2006 : 5,542 million yen , FY2005 : 5,547 million yen
Note2 : Average number of shares issued and outstanding each period after adjustment (Consolidated)
FY2006 : 286,628,374 shares , FY2005 : 285,807,453 shares
Note3 : Change in the accounting policy: none

(2)Financial Position
Total Assets

Shareholders' Equity Shareholders' Equity Ratio Shareholders' Equity Per Share

Million yen

FY2006
FY2005

Million yen

1,853,458
1,503,313

％

36.6
36.8

678,881552,752

2,361.66yen
1,928.58yen

Note : Number of shares issued as of the respective balance sheet date（Consolidated）
FY2006 : 286,973,466 shares , FY2005 : 286,089,021 shares(3)Situation of cash flows
From operating
activities

From investing
activities

From financing
activities

Million yen

Million yen

215,495 )
174,817 )

36,83422,304

Million yen

FY2006
FY2005

185,715
142,675((Cash and cash equivalents
at the end of the year

Million yen

128,212
116,401(4)Consolidation Scope
Number of consolidated subsidiaries: 132
Number of unconsolidated subsidiaries: none14
Affiliates accounted for under equity method :(5)Changes in Consolidation Scope and Application of the equity method
10
Consolidated subsidiaries
Added:
Excluded : none
Affiliates accounted for
Added:
1
under the equity method
Excluded :1 (By settlement)
２. Consolidated forecast for FY2007 (Apr.1 2006 through Mar.31 2007)
Ordinary Income
Net Sales
Operating Income
Million yen
Half year end (Sep. 06)
Year ending Mar. 31, 07

Reference :Million yen

1,050,000
54,0002,250,000
122,000
Forecast of net income per share for FY2007

Million yen

55,000125,000
212.56yen

Net Income
Million yen

26,00061,000※ Above forecasts are based on Aisin's plans and expectations. These are not guarantees of future

performance and involve known and unknown risks, uncertainties and other factors that may cause
actual results, performance,achievements or financial position to be materially different from theforecasts expressed or implied in this report.

Net Sales by Item
(Million yen)
FY2006
CategoryFY2005(Apr. 2005 through Mar. 2006) (Apr. 2004 through Mar. 2005)

AmountPercentage

Amount%AutomotiveRelated

Increase(Decrease)

Variation ratio

Percentage%%Engine Related

197,3989.3

173,649

9.5

23,74913.7

Drivetrain Related

901,64442.5

768,68442.0

132,960

17.3

Brake & Chassis Related

425,18120.1

372,044

20.3

53,137

14.3

Body Related

379,54917.9

317,991

17.4

61,558

19.4

Information Related

123,2315.8

113,609

6.2

9,622

8.5

Sub Total

2,027,005

95.6

1,745,979

95.4

281,026

16.1

Life & Energy Related

52,988

2.5

48,690

2.7

4,298

8.8

Others40,595

1.9

34,395

1.9

6,200

18.0

Grand Total

2,120,588

100.0

1,829,064

100.0

291,524

15.9

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

Consolidated Statements of Income(Million yen)
FY2006

FY2005(Apr. 2005 throughMar. 2006)(Apr. 2004 throughMar. 2005)

Net Sales

2,120,588

1,829,064

291,524

Cost of Sales

1,829,682

1,579,484

250,198

Gross Profit

290,906

249,580

41,326

Selling, General &Administrative Expense

172,809

154,469

18,340Operating Income

118,096

95,11022,986

Non-Operating Income

20,341

17,1853,156Interest and Dividend income

3,926

2,510

1,416

Equity in earnings of affiliates

5,542

5,547

Other Income

10,873

9,127

Non-Operating Expenses

13,341

13,838Interest Expense

2,581

2,336

Other Expense

10,76011,502

Ordinary Income

125,096

98,457―

5,727(5,727 )―

5,727(5,727 )Income Before Income Taxes
and Minority Interests

125,096

92,72932,367

Income Taxes-current

47,80032,60915,191

Extraordinary Losses
Impairment Loss on Fixed Assets

Income Taxes-deferred(7,649 )(Increase (Decrease)

1,132 )

(5)
1,746

(497 )

245(742 )
26,639(6,517 )Minority Interest in Net Income

23,84914,5339,316

Net Income

61,09546,71814,377123,033

105,968

17,065Note : Depreciation and amortization

Consolidated Balance Sheets（Million Yen）
FY2006(As of Mar. 31, 2006)

FY2005(As of Mar. 31, 2005)

694,030

601,881

92,149

Increase (Decrease)〔 Assets 〕
Current Assets
Cash and Cash Equivalents
Trade Notes& Accounts Receivable
Marketable Securities

95,44390,287

5,156

336,864

287,955

48,90932,434

34,109Inventories

148,782

122,460

26,322

Deferred Tax Assets

42,84235,921

6,921

Other Current Assets
Less: Allowance forDoubtful Accounts
Fixed Assets

39,43831,837

7,601(1,775 )(690 )((1,675 )1,085 )

1,159,428

901,432

257,996

Property, Plant & Equipment

777,763

627,216

150,547

Buildings & Structures
Machinery , Equipment &Vehicles

211,914

177,666

34,248382,263

297,31784,946

Tools , Furniture & Fixtures

37,78333,621

4,162

Land

85,32082,2573,063

Construction in Progress

60,48136,352

24,12910,249

8,466

1,783

7,911

6,322

1,589

―

14

2,338

2,129

209

Investments & Other Assets

371,415265,749105,666

Investments in Securities

319,716

215,952

103,764

Long-term Loans

4,314

4,245

69

Deferred Tax Assets

21,45022,031Other
Less: Allowance for
Doubtful Accounts

26,38824,1472,241627 )

172

1,853,458

1,503,313

350,145

1,244,250
1,994

1,157,183
1,977

87,067
17

Intangible Fixed Assets
SoftwareConsolidation Adjustments
Other

Total Assets
Note: 1. Accumulated depreciation
2. Guarantees on Liability(455 )(((14 )581 )（Million yen）
FY2006(As of Mar. 31, 2006)

FY2005(As of Mar. 31, 2005)

Increase (Decrease)639,100

531,611

107,489

327,176

262,654

64,522

46,887

58,778150-150

70,516

41,42429,092

Accrued Expenses

117,499

106,469

11,030Accrued Income Taxes
Deposits Received fromEmployees
Accrued Warranty Costs

31,783

21,41910,364

16,781

16,964

14,461

11,716

2,745

Other Current Liabilities

13,843

12,185

1,658

363,294273,256

90,038

Bonds Payable

35,50025,6509,850

Long-term Debt

176,811

129,767

47,044

Deferred Tax Liabilities
Allowance for Employees
Retirement Benefits
Long-term Accrued Expenses

63,60926,457

37,15284,75081,965

2,785

2,542

9,415

80

-

80

1,002,394

804,867

197,527

172,183

145,693

26,490Common Stock

45,04945,049-

Capital Surplus

63,262

63,061201

Retained Earnings
Net unrealized gain on available-forsale securities
Foreign Currency Translation
Adjustments
Less:Treasury Stock, at Cost

445,241

392,836

52,405

123,720

66,597

57,123〔 Liabilities 〕
Current Liabilities
Trade Notes& Accounts Payable
Short-term Borrowings
Current Portion of Bonds
PayableAccounts payable

Long-term Liabilities

Consolidation Adjustments
Total Liabilities(((11,891 )183 )6,873 )

〔Minority Interests〕
Minority Interests〔 Shareholders' Equity 〕(3,427(11,674 )

15,101

1,820 )

(3,116 )1,296

Total Shareholders' Equity

678,881552,752

126,129

Total Liabilities , Minority Interest in
Consolidated Subsidiaries & Shareholders'Equity

1,853,458

1,503,313

350,145

Note： 3． The number of treasury stocks and stocks owned by affiliated companies
7,701,168
8,585,613(884,445 )Consolidated Statements of Shareholders' Equity（Million yen）

FY2006

FY2005(Apr. 2005 throughMar. 2006)(Apr. 2004 throughMar. 2005)

Balance of additional paid-in capital at
the beginning of the year

63,061

62,926

135

Increases in additional paid-in capital

201

134

67

Gain from disposal of treasury stocks

201

134

67

Balance of additional paid-in capital at
the end of the year

63,262

63,061

201

Balance at the beginning of the year

392,836

352,590

40,246

Increase

61,09546,71814,37761,09546,71814,377

8,690

6,473

2,217

Dividends paid

7,663

5,622

2,041

Bonus to directors and corporate
auditors

1,027

851

176

445,241

392,836

52,405

Subject

Increase(Decrease)（Capital Surplus）（Retained Earnings）

Net Income
Decrease

Balance at the end of the year

Consolidated Statements of Cash Flows（Million yen）

FY2006(As of Mar. 31, 2006)

FY2005(As of Mar. 31, 2005)

125,096
123,033
2,785
3,926 )
2,581
5,542 )
3,716
46,720 )23,493 )59,047
13,694 )222,885
4,747
2,498 )
39,419 )
185,715

92,729105,968
5,727
3,580
2,510 )
2,336
5,547 )
4,676
29,545 )23,115 )20,040622 )
173,718
2,932
2,410 )
31,564 )142,675

Ⅰ Cash flows from operating activities
Income before income taxes and minority interest
Depreciation and amortization
Impairment Loss on Fixed Assets
Increase(Decrease) in allowance for retirement benefits

Interest and dividend income
Interest expenses
Return on investment by equity method
Loss on disposal of property, plant and equipment((Increase)Decrease in trade notes and accounts receivable(((Increase)Decrease in inventories(Increase(Decrease) in trade notes and accounts payable

OthersSubtotalInterest and dividend income received
Interest paid
Income taxes paid
Net cash provided by operating activities((((((((((Increase(Decrease)(((((((((32,367
17,0655,727 )
795 )
1,416 )
245
5960 )
17,175 )378 )39,007
13,072 )49,167
1,81588 )7,855 )
43,040Ⅱ Cash flows from investing activities
Increase(Decrease) in time deposit and short-term investments

Payments for purchase of property, plant and equipment(

Proceeds from sales of property, plant and equipment

Payments for purchase of investments in securities(

Payments for acquisition of subsidiaries' stock
resulting in change in scope of consolidation
Proceeds of sales of subsidiaries' stock resulting
in change in scope of consolidation
Proceeds of sales of investments in securities

Ⅲ Cash flows from financing activities
Increase(Decrease) in short-term borrowings
Proceeds from long-term debt
Repayments of long-term debt
Proceeds from issuance of bonds payable
Repayments of bonds payable
Contributions from minority shareholders
Cash dividends paid
Cash dividends paid for minority shareholders
Payments for purchase of treasury stock
Proceeds for disposal of treasury stock
Net cash provided by (used in) financing activities
Ⅳ Translation adjustment of cash and cash equivalents

Ⅴ Net increase in cash and cash equivalents
Ⅵ Cash and cash equivalents at beginning of year
Ⅶ Cash and cash equivalents at end of year((((-Proceeds of redemption at maturity of investments in securities

Increase in loans
Decrease in loans
OthersNet cash used in investing activities

10,074
218,753 )
4,113
9,433 )-((((((((2,506
1,086
1,067 )
1,009
5,031 )
215,495 )
22,598 )65,187
7,688 )
10,000671
7,659 )
2,568 )
29 )
1,521
36,834
4,757
11,811
116,401
128,2123,436 )
162,327 )5,364
13,147 )35 )320(((((((((1,2522,328636 )
750
5,249 )
174,817 )2,318
32,6872,170 )
5,000 )
1,035
5,620 )
2,319 )
29 )
1,405
22,30423
9,812 )
126,214
116,401((((((((((((Note: Reconciliation between Cash & Cash Equivalents and accounts on the consolidated balance sheet
Cash and Cash Equivalents
95,44390,287
Trade Notes & Accounts Receivable
336,864
287,955
Marketable Securities
32,434
34,109(Other Current Assets
39,43831,837
Subtotal
504,181444,190
Saving accounts over three months(2,051 )(1,800 )(Trade Notes & Accounts Receivable beside Cash & Cash Equivalents (336,864 )(285,894 )(Short-term investments of over three months until due date
(6,649 )(13,056 )Other current assets beside Cash & Cash Equivalents(30,402 )(27,037 )(Cash and Cash Equivalents
128,212
116,401

13,51056,426 )
1,251 )
3,71435320 )
1,254
1,242 )431 )
259
218
40,678 )24,916 )32,5005,518 )
10,0005,000364 )
2,039 )
249 )
0116
14,5304,734
21,6239,813 )
11,811
5,156
48,9091,675 )
7,601
59,991251 )
50,970 )6,407
3,365 )
11,811

Segment Information
１．Industry Segments
AISIN's main business is manufacturing and sales of automotive parts. The amount of sales,
operating income and assets in this business occupies over 90% of these in all segments. Therefore
information of industry segments is omitted.
２．Geographical Segments
FY2006 （Apr. 2005 through Mar. 2006）（Million yen）

JapanNorth
AmericaEurope

Others1,516,392

348,156

142,643

113,397 2,120,588

299,070

9,336

5,430

1,815,462

357,492

1,716,252
99,2091,696,261

Total

Eliminations Consolidated

Ⅰ Sales and Operating Income
Sales(1) Customers(2) Intersegment

Ⅱ

Total
Operating Costs &Expenses
Operating Income
Assets7,954―

2,120,588

321,791( 321,791 )―

148,074

121,351 2,442,380

2,120,588

352,812

147,463

106,747 2,323,276( 321,791 )( 320,785 )

4,679
250,054610
82,80014,603 119,103
123,070 2,152,188

1,006 )118,096
1,853,458(( 298,729 )FY2005 （Apr. 2004 through Mar. 2005）

2,002,491（Million yen）

JapanNorthAmericaEurope

1,358,653

268,737

138,616

226,473

7,611

5,428

Total
Operating Costs &Expenses
Operating Income

1,585,127

276,349

1,500,579

273,403

84,547

2,945

Assets1,401,318

201,318

OthersTotal

Eliminations Consolidated

Ⅰ Sales and Operating Income
Sales(1) Customers(2) IntersegmentⅡ63,056 1,829,064
5,273

―

244,786( 244,786 )―

144,044

68,330 2,073,851
61,071 1,977,868( 244,786 )( 243,914 )

1,829,064

142,814
1,230

7,259

(74,517

77,424 1,754,579

95,983872 )
251,265()

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

1,829,064

U.S.A., Mexico
Belgium, UK
Taiwan, Thailand, China

1,733,954
95,1101,503,313

３．Sales by Customer Location
FY2006 （Apr. 2005 through Mar. 2006）（Million yen）

North America

EuropeOthers

Total

Overseas Sales

377,540

173,878

162,585

714,004

Net Sales―――

2,120,588

Overseas Sales
Ratio to Net Sales

17.8 ％

8.2％

7.7％

FY2005 （Apr. 2004 through Mar. 2005）

33.7（Million yen）

North America

EuropeOthers

Total

Overseas Sales

273,667

166,023

119,876

559,567

Net Sales―――

1,829,064

Overseas Sales
Ratio to Net Sales

15.0％％

9.1％

6.5％

30.6

Note: 1.Main countries or regions are① North America :U.S.A., Mexico, Canada② Europe:

Sweden, Germany③ Others:

Thailand, South Korea, China, Taiwan％

＜Reference＞
１．FY2006 Unconsolidated Financial Results（Apr. 1, 2005 through Mar. 31, 2006）◇Unconsolidated Statements of Income(Million yen)

FY2005

FY2006(Apr. 2005 through Mar. 2006) (Apr. 2004 through Mar. 2005)

Net Sales
Operating Income
Ordinary Income
Extraordinary Losses
Net Income

720,541
35,22041,96928,664649,282
31,93834,347
1,375 )
21,489(Increase(Decrease)71,259
3,282
7,622
1,375
7,175

◇Unconsolidated Balance Sheets
FY2006

FY2005(As of Mar. 31, 2006)(As of Mar. 31, 2005)

292,886
658,295

238,612482,190

54,274
176,105

169,391

139,581

29,8103,932
484,970
951,182

3,248
339,361
720,802684
145,609230,380〔 Assets 〕
Current Assets
Fixed Assets
Property, Plant &Equipment
Intangible Fixed Assets
Investments & Other Assets
TotalFY2006

FY2005(As of Mar. 31, 2006)(As of Mar. 31, 2005)

205,005
300,327505,333

160,494
192,507353,001

44,511
107,820
152,332

45,04963,262
216,91045,04963,061
196,432

201
20,478

121,415

65,33856,0772,080 )
367,801
720,802

1,290
78,047230,380〔 Liabilities 〕
Current Liabilities
Long-term Liabilities
Total Liabilities〔 Shareholders' Equity 〕
Common Stock
Capital Surplus
Retained Earnings
Net unrealized gain on availablefor-sale securities
Less:Treasury Stock, at Cost

Increase(Decrease)(790 )
445,848
951,182

Total Shareholders' Equity
Total(Increase(Decrease)

2．Unconsolidated Forecast for FY2007（Apr. 1, 2006 through Mar. 31, 2007）
Net Sales
Million yen

Half year end (Sep. 2006)
Year ending Mar. 31, 2007

360,000
750,000

Operating Income Ordinary Income
Million yen

14,00035,000Million yen

17,00039,000Net Income
Million yen

12,50027,500