Jun, 05 The 1st Quarter Financial Summary
27-Jul-05
Tokyo, Osaka and Nagoya stock
Listed Company
Listed Exchange
AISIN SEIKI Co., Ltd.
exchanges 1st division.
Name
Code Number
2-1, Asahi-machi, Kariya, Aichi, JAPAN7259
Location(URL http://www.aisin.com)
Representative
Yasuhito Yamauchi, President
Reference person in charge
Masaaki Yasui,
TEL 81 - 566 - 24 - 8265
General Manager, Finance & Accounting Dept.
１. Achievements of The 1st Quarter ended Jun. 30, 2005（Apr. 1, 2005 through Jun. 30, 2005）(1)Operating Results（The amount less than million yen is rounded down.）
Change from
Change from
Change fromOperatingprevious
previous
Ordinary Income previous
Net Sales
IncomeperiodperiodperiodMillions of Yen％

Millions of Yen％Jun, 05 1st Quarter

Millions of Yen

488,592 （14.6）

25,769 （13.8）

28,125 （17.8）

Jun, 04 1st Quarter

426,350 （16.3）

22,634 （76.5）

23,868 （81.7）

Year ended Mar 31, 2005％

95,1101,829,064
Net Income

Millions of Yen

Change fromprevious
period98,457Net Income Per Share
BasicNet Income Per Share
Diluted％Jun, 05 1st Quarter

13,218 （31.0）

46.20yen

46.17yenJun, 04 1st Quarter

10,093 （77.8）

35.38yen

35.16yen

Year ended Mar 31, 2005

46,718159.94yen

159.77yen(2)Financial condition
Total Assets

Shareholders' Equity

Millions of Yen

Equity to Assets
Ratio

Shareholders' Equity
Per Share

Millions of Yen％

Jun, 05 1st Quarter

1,527,871

563,58136.9

1,969.80yen

Jun, 04 1st Quarter

1,399,038

520,592

37.2

1,824.59yen

Year ended Mar 31, 2005

1,503,313

552,75236.8

1,928.58yen(3)The number of consolidated subsidiaries and affiliates accounted for under the equity
method is as follows.
124
Consolidated Subsidiaries
Affiliates under the Equity Method
Consolidated Subsidiaries Applicated to Equity Method
none14(4)Changes of the number of consolidated subsidiaries and affiliates accounted for under the equity
method.
Consolidated（New）
2
Affiliates（New）
none（Exclusion） none（Exclusion） none

２. Operating Results forecast ended Mar. 31, 2006（Apr. 1, 2005 through Mar. 31, 2006）
Net Sales
Operating Income
Ordinary Income
Net Income
Half Year ended Sep. 30, 2005

Year ended Mar. 31, 2006
(Reference）

Millions of Yen

Millions of Yen

Millions of Yen

Millions of Yen

960,000
2,000,000

46,000100,000

47,000100,000

22,00047,000Net Income per share forecast（Year ended Mar. 31, 2006）

160.71yenResults of Operations(1) Achievements of this 1st quarter ended Jun 30, 2005
In the 1st quarter accumulated, net sales totaled ¥488,592 million. By business segment,automotive related sales rose by 14.5% to ¥467,171 million. In this business, especially sales ofautomatic transmission , manual transmission , brake and chassis related products , power
sliding door systems, power back door systems , occupant weight sensors; and car navigation
have increased. Sales in the life and energy related products segment increased by 6.2% to¥12,517 million. Sales of products in the other products segment, which includes constructionengineering and oil sales, climbed by 36.6% to ¥8,903 million.
As a result of the above performance, operating income increased by 13.8% to ¥25,769 million.
This was due to increase of sales and cost reduction activities in all operating fields. Ordinary
income increased by 17.8% to \28,125 million.Net income increased by 31.0% to \13,218 million.
(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 \960,000 million, operating income is expected \46,000 million, ordinary
income is expected \47,000 million and net income is expected \22,000 million for the fiscal halfyear ended September 30, 2005 in the assumption of 105yen average rate per 1US$.

− １ −Net Sales by Item
(Millions of Yen)
Previous 1st quarter

1st quarter
Classification(3 months ended Jun. (3 months ended Jun.
30, 2005)
30, 2004)
AmountPercentage

AmountYear ended
Increase Variation(decrease)
ratio

Percent
age%(Mar. 31, 2005)
Amount%Percent
age%%

Engine Related

47,244

9.7

41,213

9.7

6,031

14.6

173,649

9.5

Drivetrain Related

209,35642.8

177,350

41.6

32,00618.0

768,684

42.0

Brake & Chassis
Related98,58820.2

90,624

21.2

7,964

8.8

372,044

20.3

Body Related

83,76917.1

74,014

17.4

9,755

13.2

317,991

17.4

Information Related

28,212

5.8

24,839

5.8

3,373

13.6

113,609

6.2

Sub Total

467,17195.6

408,04295.7

59,12914.5

1,745,979

95.4

Life & Energy Related

12,517

2.6

11,788

2.8

729

6.2

48,690

2.7

Others

8,903

1.8

6,519

1.5

2,384

36.6

34,395

1.9Grand Total

488,592

100.0

426,350

100.0

62,242

14.6

1,829,064

100.0

Automotiv
eRelated（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)
1st quarter

Previous 1stquarter(3 months ended
Jun. 30, 2005)(3 months ended
Jun. 30, 2004)

Net Sales

488,592

426,350

62,242

1,829,064

Cost of Sales

421,770

363,611

58,1591,579,484

Gross Profit

66,82262,738

4,084

249,580

Selling, General & Administrative
Expenses

41,053

40,103

950

154,469

Operating Income

25,76922,634

3,135

95,110Non-Operating Income

5,649

4,657

992

17,185Interest & Dividend Income

1,960

1,327633

2,510

Investment Profit on Equity Method

1,256924

332

5,547

Other

2,432

2,404

28

9,127

Non-Operating Expenses

3,293

3,423(130 )

13,838Interest Expenses

600

601

(1)

2,336

2,692

2,821

(129 )

11,502

28,12523,8684,257

98,457―2,798(2,798 )

5,727

―

2,798

(2,798 )5,727

Income Before Income Taxes
and Minority Interests

28,12521,0697,056

92,729

Income Taxes

10,213

7,318

2,895

31,476

Minority Interest in Net Income

4,692

3,657

1,035

14,533Net Income

13,218

10,093

3,125

46,718Subject

OtherOrdinary Income
Extraordinary Losses
Impairment Loss of Fixed Assets− ３ −Increase(decrease)

Year ended(Mar. 31, 2005)

Consolidated Balance Sheets
Subject

1st quarter
Year ended
Increase (decrease)(As of Jun. 30, 2005) (As of Mar. 31, 2005)（Millions Yen）
Previous 1st quarter(As of Jun. 30, 2004)〔 Assets 〕
Current Assets

607,810

601,8815,929

556,728

Cash and Cash Equivalents
Trade Notes & Accounts
Receivable
Marketable Securities

83,97990,287(6,308 )98,587285,327

287,955(2,628 )

253,499

35,754

34,1091,64538,749

Inventories

129,828

122,460

7,368

101,001

Deferred Tax Assets

39,46535,921

3,544

40,265

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

34,22531,837

2,388

25,739(770 )(690 )(80 )(1,114 )920,061

901,432

18,629842,309645,783

627,216

18,567580,225

182,310

177,666

4,644

172,034

Machinery & Equipment

311,545

297,317

14,228

256,893

Furniture, Fixtures & Office

33,14033,621481 )

29,713

Land

82,56282,257305

74,314

Construction in Progress

36,22436,352128 )47,269

8,505

8,466

39

9,673

SoftwareExcess of Cost ofInvestments Over Equity inNet Assets Acquird
Other

6,325

6,322

3

5,355

13141)

848

2,166

2,129

37

3,469

Investments & Other Assets

265,772

265,749

23

252,410Investments in Securities

216,775

215,952823

206,953

Long-term Loans

4,237

4,245(8)4,443Deferred Tax Assets

20,781

22,031(1,250 )21,347

Other Assets
Less: Allowance for
Doubtful Accounts

24,54524,147398

20,267627 )59Intangible Fixed Assets

Total Assets(568 )

1,527,871(1,503,313− ４ −(((24,558(601 )

1,399,038

Subject

1st quarter
Year ended
Increase (decrease)(As of Jun. 30, 2005) (As of Mar. 31, 2004)（Millions of Yen）
Previous 1st quarter(As of Jun. 30, 2004)〔 Liabilities 〕
Current Liabilities
Trade Notes & Accounts
PayableShort-term Borrowings
Current Portion of Bonds
PayableAmount in Arrears

546,181531,611

14,570492,511277,732

262,654

15,078

243,969

58,21058,778568 )

51,578―――5,000

41,821

41,424397

31,400Accrued Expenses

123,431

106,469

16,962

117,348

Accrued Income Taxes
Deposits Received fromEmployees
Accrued Warranty Cost

11,123

21,419(10,296 )9,369

16,186

16,964(778 )

15,971

11,983

11,716267

11,417

Other Current Liabilities

5,693

12,185(6,492 )6,455

268,709273,256(4,547 )250,784

Bonds Payable

25,65025,650―25,650Long-term Debt

132,520

129,767

2,753

104,987

Deferred Tax Liabilities
Liability for Employees'
Retirement Benefits
Long-term Amount in Arrears

26,592

26,457135

30,56281,28081,965(685 )

79,352

2,665

9,415

(6,750 )10,231

Total Liabilities

814,891

804,867

10,024743,296

149,398

145,693

3,705

135,149

Capital45,04945,049―45,049

Capital Surplus

63,061

63,061062,926

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

401,059

392,8368,223

359,005

65,93866,597Long-term Liabilities(〔Minority Interests〕
Minority Interests〔 Shareholders' Equity 〕(8,408 )(11,674 )(3,118 )(3,116 )(659 )
3,266(2)

69,707(11,736 )(4,360 )Total Shareholders' Equity

563,581552,752

10,829520,592

Total Liabilities, Minority Interests
and Shareholders' Equity

1,527,871

1,503,313

24,5581,399,038− ５ −Segment Information
１．Industry Segments
The company's main business is manufacturing and sales of automotive parts.Sales, operating
income occupy over 90% of all segments. Therefore information of industry segments is omitted.

２．Geographical Segments
1st quarter（3 months ended Jun. 30, 2005）
NorthJapan
America
Sales
CustomersIntersegment
Total
Operating Costs & Expenses
Operating Income

EuropeOthersIntersegment
Total
Operating Costs & Expenses
Operating Income

33,447

20,543

68,336

1,760

1,171

835

72,103 ( 72,103 )―

420,841
399,781
21,05983,857
81,784
2,072

34,61934,406
212

21,37918,8292,549

560,696 ( 72,103 )
534,801 ( 71,977 )
25,894 (125 )488,592
462,823
25,769Total

57,523

27,187

13,25650,547

2,082

1,053

942

54,625 ( 54,625 )―

378,928
359,868
19,06059,60657,9691,636

28,241
27,928312

14,19912,311
1,887

480,975 ( 54,625 )
458,078 ( 54,363 )
22,896 (262 )

426,350
403,715
22,634

JapanNorth
America

Europe1,358,653

268,737

138,616

226,473

7,611

5,428

1,585,127
Total
Operating Costs & Expenses 1,500,579
Operating Income
84,547276,349
273,403
2,945

144,044
142,8141,230Intersegment（Millions of Yen）
Eliminatio Consolidns
ated

328,381426,350

Year ended（Mar. 31, 2005）

Sales
Customers

488,592

82,096

Others488,592―

352,504

Previous 1st quarter（3 months ended Jun. 30, 2004）
NorthJapanEurope
America
SalesCustomers

Total（Millions of Yen）
Eliminatio Consolidnsated

OthersTotal

63,056 1,829,064
5,273

―

（Millions of Yen）
Eliminatio Consolid
nsated―244,786 ( 244,786 )① North America･･･U.S.A., Mexico② Europe･･･Belgium, UK③ Others･･･Taiwan, Thailand, China− ６ −1,829,064―

68,330 2,073,851 ( 244,786 ) 1,829,064
61,071 1,977,868 ( 243,914 ) 1,733,954
7,259
95,983 (872 )
95,110(Notes)1. It gets down from the classification of a country or an area with the degree ofgeographical proximity.
2. Main countries or regions are

426,350

３．Sales by Customer Location
1st quarter（3 months ended Jun. 30, 2005）（Millions of Yen）

North America

EuropeOthers

Total

Overseas Sales

82,48539,481

32,049154,016

Net Sales―――

488,592

Overseas Sales
Ratio to Net Sales

16.9％％

8.1

6.5％

Previous 1st quarter（3 months ended Jun. 30, 2004）

31.5（Millions of Yen）

North America

EuropeOthers

Total

Overseas Sales

59,73533,65725,545

118,938Net Sales―――

426,350

Overseas Sales
Ratio to Net Sales

14.0％％

7.9％

6.0％Year ended（Mar. 31, 2005）

27.9％（Millions of Yen）

North AmericaEuropeOthers

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(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･･･

Thailand, Korea, China, Taiwan− ７ −％

＜Reference＞
１．Achievements of The 1st Quarter ended June 30, 2005（Apr. 1, 2005 through Jun. 30, 2005） (summary)◇Statements of Income
SubjectNet Sales
Operating Income
Ordinary Income
Extraordinary Income(Loss)Net Income（Millions of Yen）

1st quarter

Previous 1st quarter(As of Jun. 30, 2005) (As of Jun. 30, 2004)

170,649
7,729
12,833―
9,238

Increase(decrease)155,039
6,703
9,721(1,375)
6,687

15,610
1,026
3,112
1,375
2,551

Year ended

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

Year ended(As of Mar. 31, 2005

649,282
31,93834,347(1,375)
21,489（Millions of Yen）

1st quarter(As of Jun. 30, 2005) (As of Mar. 31, 2005)

Previous 1st quarter(As of Jun. 30, 2004)

234,308
502,941

238,612482,190(4,304)20,751

214,030
451,274

138,937

139,581(644)131,5133,203
360,800
737,250

3,248
339,361
720,802(45)
21,43916,4482,296
317,463
665,304

1st quarter

Year ended(As of Jun. 30, 2005) (As of Mar. 31, 2005)

Increase(decrease)

Previous 1st quarter(As of Jun. 30, 2004)

162,704
202,580
365,285

160,494
192,507353,001

2,210
10,073
12,284

144,367
163,383
307,75045,04963,061
201,309

45,04963,061
196,432―
0
4,877

45,04962,926
184,563

64,62965,338(709)

68,340(2,083)(2,080)(3)(3,326)

371,965
737,250

367,801
720,802

4,164
16,448357,553
665,304

2．Operating Results Forecast ended Mar. 31, 2006
（Apr. 1, 2005 through Mar. 31, 2006）
Net Sales
Half Year ended Sep. 30, 2005
Year ended Mar. 31, 2006

Operating Income Ordinary Income

Net Income

Millions of Yen

Millions of Yen

Millions of Yen

Millions of Yen

330,000
670,000

15,50031,00018,50032,00012,50021,000

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