FY2009 3rd Quarter Consolidated Financial Results(April 1, 2008 through December 31 , 2008)
Company Name
Code Number
U R L
Representative
Reference person in charge

AISIN SEIKI Co., Ltd.

February 3, 2009
The Tokyo, Osaka and Nagoya
Stock Exchanges (1st division)

Listed on7259
http://www.aisin.com/
Yasuhito Yamauchi, President
TE
Shintaro Ito,
General Manager, Finance & Accounting Dept.

L+81 - 566 - 24 - 8265

（Amounts less than million yen are rounded down.）

１. Consolidated Results for 3rd Quarter of FY2009（Apr. 1, 2008 through Dec. 31, 2008）(1)Consolidated Financial Results for nine-month period
Net Sales
Operating Income
Ordinary Income
FY2009 3rd quarter
FY2008 3rd quarter％

Million Yen％

Million Yen％

Million Yen％

1,840,811
1,999,211－
15.1

49,099136,574－
48.7

55,889144,494－48.3

21,47969,943－51.0

Earnings Per Share

Fully Diluted Earnings
Per Share

Yen

Yen

FY2009 3rd quarter
76.32
FY2008 3rd quarter
245.52(2)Consolidated Financial Position

76.32
245.21

FY2009 3rd quarter
FY2008Net Income

Million Yen

Net assets excluding
Net assets excluding
subscription rights to shares subscription rights to sharesand minority interests as aand minority interests
percentage of total assets
per share

Total Assets

Net Assets

Million Yen

Million Yen％

Yen

1,881,152
2,097,727

917,822994,59237.1
36.6

2,477.22
2,725.67

Note : Net assets excluding subscription rights to shares and minority interests

FY2009 3rd quarter : 697,234 million yen , FY2008 : 767,123 million yen

２. Cash Dividends
Annual Cash Dividends Per Share
2nd quarter3rd quarter
4th quarter

1st quarter
FY2008FY2009FY2009(Forecast)

FY Total

Yen

Yen

Yen

Yen

Yen

―
―

24.00
30.00

―
―

36.00

60.00

―

―

Note : Dividend forecast corrections for FY2009 : Yes
The articles of association provide the record date of dividends, however the amount of payment of year-end dividends has not been determined yet.

３. Consolidated forecast for FY2009 (Apr. 1, 2008 through Mar. 31, 2009)
Net Sales
Operating Income
Ordinary Income
Million Yen

FY2009(Forecast)

Earnings Per ShareNet Income％

Million Yen％

Million Yen％

Million Yen％

Yen

2,200,000 -18.5-13,000―-11,000―-12,000―-42.64Note : Consolidated forecast corrections for FY2009 : Yes

４. Others(１)Changes in significant subsidiaries： Yes
Consolidated（New）
1: AISIN Thai Automotive Casting Co., Ltd.
(note）Please refer to 【Qualitative Information , Financial Statements 】 " 4.Others " on page ２(２)Use of estimation in reporting financial statements: Yes(note）Please refer to 【Qualitative Information , Financial Statements 】 " 4.Others " on page ２(３)Changes in Accounting Policies and Presentation①Changes according to revision of accounting policy： Yes②Changes other than above： None(note）Please refer to 【Qualitative Information , Financial Statements 】 " 4.Others " on page ３(４)Issued and outstanding capital stock① Number of shares issued as of the respective balance sheet date
FY2009 3rd quarter : 294,674,634 shares , FY2008 : 294,674,634 shares② Number of treasury stock as of the respective balance sheet date
FY2009 3rd quarter : 13,216,460 shares , FY2008 : 13,231,279 shares③ Average number of common stocks
FY2009 3rd quarter for nine-month : 281,455,880 shares , FY2008 3rd quarter for nine-month : 284,876,865 shares(※）

Explanation regarding the appropriate use of forecasts, and other statements(Note concerning forecast)
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. For details please refer to 【 Qualitative
Information , Financial Statements 】 " ３. Qualitative Information on Consolidated Forecast for FY2009" on page ２.
(Adoption of the "Accounting Standard for Quarterly Financial Statements" )Starting from the 1st quarter of this fiscal year, the quarterly consolidated statements disclosed follow the requirements set forththe "Accounting Standard for Quarterly Financial Statements" (ASBJ Statement No. 12 of Mar. 14, 2007) and the "Guidance on
Accounting Standard for Quarterly Financial Reporting" (ASBJ Guidacnce No. 14 of Mar. 14, 2007). The disclosed statements alsouses the general financial terms and format set forth by the Financial Services Agency.
(Note concerning dividend)With improving dividend level, the Company intends to live up to the expectations of our shareholders in overall considerationof business performance, payout ratio, and others. However, the payment of year-end dividends has not been determined yet
because of the uncertain business environment. AISIN will propose the year-end dividend to shareholders after taking intoof its actual financial results and payout ratio for FY2009.

ー 1 ―【Qualitative Information and Financial Statements】
1. Qualitative Information on Consolidated Financial Results
Aisin group works hard to develop and provide new products corresponding to social changes andcustomers' demands for further business growth in global markets, while promoting environmental
and social activities.
Regarding sales of the Auto Parts segment, due to a global economic slowdown, automobile sales inmajor markets such as Japan, Europe and the United States were decreased compared with last year.
The growth speed of emerging markets such as China and Russia slowed down remarkably. As a result,sales in the Auto Parts segment were 1,765.6 billion yen in spite of the efforts to establish a
global supply chain and to provide higher fuel efficient products like hybrid-transmissions.
Sales within the Life & Energy related products were 31.8 billion yen. And other sales were43.3 billion yen. Third quarternet sales totaled 1,840.8 billion yen.
Despite our efforts to streamline and raise efficiency in all areas of operations, negative factors
such as fluctuation of raw material prices and of exchange rates, rising depreciation andamortization expenses, as well as R&D and other expenses resulted in operating income of
49.0 billion yen. Ordinary income was 55.8 billion yen. Net income totaled 21.4 billion yen.
２. Qualitative Information on Consolidated Financial Position
During the third quarter of FY2009 (Apr. 1, 2008 through Dec. 31, 2008), total assets decreased
10.3% from 2,097.7 billion yen to 1,881.1 billion yen due to decrease in current assets andmarket value of securities. Net assets decreased 7.7% from 994.5 billion yen to 917.8 billion
yen due to dividend payments, and currency valuation adjustments.
３. Qualitative Information on Consolidated Forecast for FY2009
As for the fiscal year outlook, uncertainties such as worldwide financial insecurity,
currency fluctuations, and strained supply of commodities will likely continue. The concerns in theautomobile industry are world spreaded recessions of automobile markets, growing global
concerns on natural environments, and intensifying global competitions. We expect that thischallenging environments will last for the foreseeable future.
Upon taking into consideration the above business climate, the company has revised forecasts for
FY2009 which were released on December 24th 2008. The revised forecasts for FY2009 are as follows:
Consolidated net sales are 2,200 billion yen, operating loss is 13.0 billion yen, ordinary
loss is 11.0 billion yen, and net loss is 12.0 billion yen. Regarding the assumptions of exchange
rates for the fourth quarter period, U.S. Dollar is 90yen and Euro is 120yen, respectively.

４. Others(1) Changes in significant subsidiaries
Starting from the third quarter of this fiscal year, the quarterly consolidated
disclosed include "AISIN Thai Automotive Casting Co., Ltd." within the Subsidiaries.

statements(2) Adoption of estimates in accounting policies and unique accounting policies for preparing
quarterly statements
Estimation used in reporting
1 Inventory estimation
Quarterly inventory count is not implemented instead a practical method which uses the previous
quarter end inventory balance is used to calculate quarterly inventory balance.
2 Fixed asset depreciation estimation
For fixed assets using the declining balance depreciation method the full fiscal year
depreciation amount has been proportionally divided to calculate depreciation.
3 Income tax, deferred tax assets and deferred tax liabilities estimation
A number of consolidated subsidiaries estimate income tax by using only important tax
adjustment items. The decision if deferred tax assets are recoverable is based on the company
forecast and tax planning.

ー 2 ―4 Retirement benefit obligation estimation
To prepare for employee retirement benifits, accrual amount is estimated by using
the difference between the actual amount that would be paid to the employees as of thebalance sheet date and the reserve accrued by the company and the accrued welfare
pension amount.
(3) Changes in Accounting Policies and Presentation
1 Adoption of the "Accounting Standard for Quarterly Financial Statements"
Starting from the first quarter of this fiscal year, the quarterly consolidated statements
disclosed follow the requirements set forth by the "Accounting Standard for Quarterly
Financial Statements" (ASBJ Statement No. 12 of Mar. 14, 2007) and the "Guidance on
Accounting Standard for Quarterly Financial Reporting" (ASBJ Guidacnce No. 14 of Mar.
14, 2007). The disclosed statements also use the general financial terms and format set
forth by the Financial Services Agency.
2 Changes in evaluation methods and criteria of important assets
Inventories
The previous measurement method of inventories held for sale in the ordinary course ofbusiness used the cost method. Starting from the first quarter of this fiscal year thecompany has adopted a new measurement that follows the requirements set forth by the
Accounting Standard for Measurement of Inventories ASBJ Statement 9 issued on July 5th 2006,
the lower-of-cost-or-market method (Inventories shall be carried at the net selling valueon the balance sheet).
The effect of this change has a minimal impact on the disclosed income statement.
The impact to the disclosed segment information is also minimal.
3 Application of "Practical Solution on Unification of Accounting Policies Applied to Foreign Subsidiaries for
Consolidated Financial Statements"
Starting from the first quarter of this fiscal year the company has adopted
accounting policies that follow the requirements set forth by the "Practical Solution on
Unification of Accounting Policies Applied to Foreign Subsidiaries for Consolidated
Financial Statements" ASBJ Practical Issues Task Force No. 18 issued on May 17th 2006.
The effect of this application has no impact on the disclosed income statement.

ー 3 ―５. Consolidated quarterly finalcial statements(１） Consolidated quarterly balance sheets（Million Yen）

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Short-term investment securities
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
LandConstruction in progress
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

ー 4 ―FY2009 3rd quarter(As of Dec. 31, 2008)

FY2008(As of Mar. 31. 2008)

99,265
271,852
61,94075,05153,59050,940127,394-482
739,551

102,293373,697
95,63680,967
46,95247,440123,675-746
869,917546,324-295,850
250,474
1,416,285-990,873
425,411259,129-220,644
38,484
98,21556,712869,298
19,345536,086-282,709
253,377
1,365,899-936,366
429,533
248,379-206,768
41,61094,64956,602875,773
20,885

184,118
69,275-437
252,956
1,141,600
1,881,152

267,509
64,086-445
331,150
1,227,810
2,097,727

（Million Yen）

Liabilities
Current liabilities
Notes and accounts payable-trade
Commercial papers
Short-term loans payable
Provision for product warranties
Other provision
Other
Total current liabilities
Noncurrent liabilities
Bonds payable
Long-term loans payable
Provision for retirement benefits
Other provision
Other
Total noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Valuation and translation adjustments
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Total valuation and translation adjustments
Subscription rights to shares
Minority interests
Total net assets
Total liabilities and net assets

ー 5 ―FY2009 3rd quarter(As of Dec. 31, 2008)

FY2008(As of Mar. 31. 2008)

285,224
28,00030,683
18,8301,646
206,410570,796

372,058―
28,647
18,962
2,071
282,539704,280

39,989249,067
83,610
5,952
13,913
392,533
963,329

39,988
227,664
82,0186,233
42,950398,854
1,103,134

45,04958,831
581,871-20,722665,030

45,04958,825578,969-20,738
662,106

37,159-1,438-3,51732,204
989
219,598
917,822
1,881,152

88,130-1,184
18,071
105,016
601
226,867
994,592
2,097,727

(２） Consolidated quarterly statements of income（Million Yen）

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Salaries and allowances
Other
Total selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Equity in earnings of affiliates
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary income
Income before income taxes and minority interests
Income taxes
Minority interests in income
Net incomeー 6 ―FY2009 3rd quarter(The nine-month)(Apr. 1, 2008 throughDec. 31, 2008)
1,840,811
1,644,873
195,938
39,984
106,854
146,838
49,099
815
5,077
2,834
8,426
17,153
2,792
7,571
10,36455,88955,88924,736
9,673
21,479（Million Yen）

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Salaries and allowances
Other
Total selling, general and administrative expenses
Operating loss
Non-operating income
Interest income
Dividends income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Equity in losses of affiliates
Foreign exchange losses
Other
Total non-operating expenses
Ordinary loss
Loss before income taxes and minority interests
Income taxes
Minority interests
Net lossー 7 ―FY2009 3rd quarter(The three-month)(Oct. 1, 2008 throughDec. 31, 2008)
536,220
498,588
37,632
13,56832,15345,721
8,089
218
2,262
1,951
4,432
1,014
1,581
2,263
2,089
6,948
10,605
10,605
1,423-1,926
10,101

(３） Consolidated quarterly statements of cash flows（Million Yen）

FY2009 3rd quarter(The nine-month)(Apr. 1, 2008 throughDec. 31, 2008)
Net cash provided by (used in) operating activities
Income before income taxes and minority interests
Depreciation and amortization
Decrease in notes and accounts receivable-trade
Decrease in inventories
Increase in notes and accounts payable-trade
Other, net
SubtotalInterest and dividends income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities
Net cash provided by (used in) investment activities
Decrease in time deposits and securities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of investment securities
Proceeds from sales and redemption of investment securities
Other, net
Net cash provided by (used in) investment activities
Net cash provided by (used in) financing activities
Increase in short-term loans and commercial papers
Proceeds from long-term loans payable
Repayment of long-term loans payable
Cash dividends paid
Cash dividends paid to minority shareholders
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

ー 8 ―55,889135,826
90,446-15,467-67,682-13,430
185,5828,404-2,447-73,306
118,232
3,635-170,367
4,534-12,509
13,221-3,427-164,913
29,89737,500-14,372-18,573-7,925444
26,970-8,949-28,660
190,245
161,585

Starting from the first quarter of this fiscal year, the quarterly consolidated statements disclosed follow
the requirements set forth by the "Accounting Standard for Quarterly Financial Statements" (ASBJ
Statement No. 12 of Mar. 14, 2007) and the "Guidance on Accounting Standard for Quarterly
Financial Reporting" (ASBJ Guidacnce No. 14 of Mar. 14, 2007). The disclosed statements also uses
the general financial terms and format set forth by the Financial Services Agency.
(４） Notes for going concern basis of accounting
None(５） Segment information【Business segments】
AISIN's main business is manufacturing and selling of automotive parts. Over 90% of sales and operating
income derive from this segment.
Therefore information of industry segments is omitted.
【Geographical segments】
FY2009 3rd quarter for nine-month period (Apr. 1, 2008 through Dec. 31, 2008)（Million Yen）
North
Elimina- ConsoliJapan
Europe Others
Total
Americations
dated
Net sales
1,267,440 249,268 134,076 190,026 1,840,811― 1,840,811(1) Customers(2) Inter-segment
Total
Operating income

223,301

9,854

5,734

1,490,741
17,597259,122-1,893

139,811
1,062

7,129

246,020

197,156 2,086,832
29,617
46,384-246,020―-246,020 1,840,811
49,0992,714

Note: 1. Geographical segments are determined according to geographical closeness.
2. Main countries areNorth America: U.S.A., Mexico
Europe: Belgium, Czech
Others: China, Thailand
FY2009 3rd quarter for three-month period (Oct. 1, 2008 through Dec. 31, 2008)（Million Yen）
North
Elimina- ConsoliJapan
Europe Others
Total
Americations
dated
Net sales
69,03337,13061,935 536,220― 536,220
368,120(1) Customers(2) Inter-segment
Total
Operating income

57,849

4,204

1,745

2,541

66,340-66,340―

425,970-14,545

73,238-3,85338,875-19

64,476
9,246

602,561-9,172-66,340
1,083

536,220-8,089ー 9 ―【Sales by customer location】
FY2009 3rd quarter for nine-month period (Apr. 1, 2008 through Dec. 31, 2008)
North America
Overseas sales
Net sales
Overseas sales
ratio to net sales(%)

Europe（Million Yen）

OthersTotal

280,598

156,862

282,671

720,132―――

1,840,811

15.2

8.5

15.4

39.1

Note: 1. Geographical segments are determined according to geographical closeness.
2. Main countries areNorth America : U.S.A., Canada
Europe: Germany, Sweden
Others: Thailand, China, South Korea
FY2009 3rd quarter for three-month period (Oct. 1, 2008 through Dec. 31, 2008)
North America
Overseas sales
Net sales
Overseas sales
ratio to net sales(%)

Europe（Million Yen）

OthersTotal

79,65842,65887,977210,294―――536,220

14.9

7.9

16.4

39.2

(６） Consolidated statements of changes in shareholders' equity
FY2009 3rd quarter for nine-month period (Apr. 1, 2008 through Dec. 31, 2008)
Capital stock

Balance as of Mar. 31, 2008

（Million Yen）

Capital surplus Retained earnings Treasury stock

45,04958,825578,969

Total
Shareholders'equity-20,738

662,106-18
34
15-20,722-18,577
21,479-18
402,923
665,030

Increase(Decrease) in FY2009 3rd quarter

Dividends from surplus
Net income
Purchase of treasury stock
Disposal of treasury stock
Total changes of items during the period
Balance as of Dec. 31, 2008

-18,577
21,4796
658,831―45,049ー 10 ―

2,901
581,871【Reference】
Consolidated quarterly finalcial statements of FY2008 3rd quarter(１） Consolidated quarterly statements of income（Million Yen）

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest and dividends income
Equity in earnings of affiliates
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary income
Income before income taxes and minority interests
Income taxes
Minority interests in income
Net income

ー 11 ―

FY2008 3rd quarter(The nine-month)(Apr. 1, 2007 throughDec. 31, 2007)
1,999,211
1,711,532
287,678
151,104
136,574
5,501
6,438
7,143
19,353
3,057
8,377
11,434144,494
144,494
46,09828,452
69,943

(２） Segment Information【Industry segments】
AISIN's main business is manufacturing and sales of automotive parts. Over 90% of sales and operating
income derive from this segment.
Therefore information of industry segments is omitted.
【Geographical segments】
FY2008 3rd quarter for nine-month period (Apr. 1, 2007 through Dec. 31, 2007)
North
Japan
Europe Others
Total
America
Net sales
1,377,167 308,832 143,235 169,975 1,999,211(1) Customers(2) Inter-segment
Total
Operating costs & expenses
Operating income

272,703

6,997

5,649

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

148,885
145,384
3,501

7,049

292,400

177,025 2,291,611
149,509 2,154,168
27,516 137,442（Million Yen）

Eliminations

Consolidated― 1,999,211-292,400―-292,400 1,999,211-291,531 1,862,636-868 136,574

Note: 1. Geographical segments are determined according to geographical closeness.
2. Main countries areNorth America: U.S.A., Mexico
Europe: Belgium, Czech
Others: China, Thailand【Sales by customer location】
FY2008 3rd quarter for nine-month period (Apr. 1, 2007 through Dec. 31, 2007)
North America
Overseas sales
Net sales
Overseas sales
ratio to net sales(%)

Europe（Million Yen）

OthersTotal

345,361

167,907258,380

771,649―――

1,999,211

17.3

8.4

12.9

38.6

Note: 1. Geographical segments are determined according to geographical closeness.
2. Main countries areNorth America: U.S.A., Canada
Europe: Germany, Sweden
Others: Thailand, China, South Korea

ー 12 ―