Dec, 05 The 3rd Quarter Financial Summary
2‑Feb‑06
Listed Company
Tokyo, Osaka and Nagoya stock
Listed Exchange
AISIN SEIKI Co., Ltd.
Nameexchanges 1st division.
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 3rd Quarter ended Dec. 31, 2005（Apr. 1, 2005 through Dec. 31, 2005）(1)Operating Results（The amount less than million yen is rounded down.）
Change from
ChangeChangeOperating
Ordinary
previousfromfromNet Sales
IncomeIncomeperiodprevious
previous
Millions of Yen％

Millions of Yen％Jun, 05 3rd Quarter

Millions of Yen

1,536,699 （17.5）

86,105 （41.0）

93,159 （47.9）

Jun, 04 3rd Quarter

1,308,185 （12.6）

61,048 （6.5）

63,003 （10.0）

Year ended Mar 31, 2005

1,829,064
Net Income

Millions of Yen％

95,110Change fromprevious
period98,457Net Income Per Share
BasicNet Income Per Share
Diluted％Jun, 05 3rd Quarter

44,311 （64.9）

154.65yen154.52yen

Jun, 04 3rd Quarter

26,863 （12.8）

94.02yen

93.92yen

Year ended Mar 31, 2005

46,718159.94yen

159.77yen(2)Financial condition
Total Assets

Shareholders'Equity

Equity to Assets
Ratio

Millions of Yen

Millions of Yen％

Shareholders' Equity
Per ShareJun, 05 3rd Quarter

1,733,126

645,660

37.3

2,250.58yen

Jun, 04 3rd Quarter

1,450,123

539,275

37.2

1,885.02yen

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 equitymethod is as follows.
Consolidated Subsidiaries
128
Affiliates under the Equity Method
13
Consolidated Subsidiaries Applicated to Equity Methodnone(4)Changes of the number of consolidated subsidiaries and affiliates accounted for under the equity
method.
Consolidated（New）
6
Affiliates（New）
none（Exclusion） none
（Exclusion） 1

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

Millions of Yen

Millions of Yen

Millions of Yen

Millions of Yen

2,080,000

117,000120,000

56,000Net Income per share forecast（Year ended Mar. 31, 2006）

191.69yen

Results of Operations(1) Achievements of this 3rd quarter ended Dec 31, 2005
In the 3rd quarter accumulated, net sales totaled ¥1,248,271 million. By business segment,
automotive related sales rose 17.7% to ¥1,469,048 million. In this business, especially sales ofautomatic transmission , brake and chassis related products , power sliding door systems, powerback door systems , occupant weight sensors; and car navigation have increased. Sales in thelife related products segment increased 5.4% to ¥39,402 million. Sales of products in the otherproducts segment, which includes civil engineering and petroleum sales, climbed 25.4% to¥28,248 million.
As a result of the above performance, operating income increased by 41.0% to ¥86,105 million.
This was due to increase of sales and cost reduction activities in all operating fields. Ordinary
income increased 47.9% to 93,159 million yen.Net income increased 64.9% to 44,311million yen.
(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 2,080,000 million yen, operating income is expected 117,000 million yen,ordinary income is expected 96,000 million yen and net income is expected 120,000 million yen
for the fiscal year ended March 31, 2005 in the assumption of 110yen average rate par 1US$.

− １ −Net Sales by Item
(Millions of Yen)

Classification

3rd quarter

Previous 3rd quarter(9 months ended
Dec. 31, 2005)(9 months ended
Dec. 31, 2004)

AmountPercentage

AmountYear ended
Increase(decrease)

Variation
ratio

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

Engine Related

141,9549.2

127,440

9.7

14,514

11.4

173,649

9.5

Drivetrain Related

658,08642.8

537,06141.1

121,02522.5

768,684

42.0

Brake & Chassis
Related308,70920.1

272,895

20.9

35,81413.1

372,044

20.3

Body Related

270,55917.6

233,40217.8

37,15715.9

317,991

17.4

Information Related

89,7385.9

77,4725.912,266

15.8

113,609

6.2

Sub Total

1,469,048

95.6

1,248,271

95.4

220,777

17.7

1,745,979

95.4

Life & Energy Related

39,402

2.6

37,380

2.9

2,022

5.4

48,690

2.7

Others28,2481.8

22,532

1.7

5,716

25.4

34,395

1.9Grand Total

1,536,699

100.0

1,308,185

100.0

228,51417.5

1,829,064

100.0

A
uto
motiv
e
Re
lated

（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)
3rd quarter

Previous 3rdquarter(9 months ended
Dec. 31, 2005)(9 months ended
Dec. 31, 2004)

Net Sales

1,536,699

1,308,185

228,514

1,829,064

Cost of Sales

1,322,845

1,128,421

194,424

1,579,484

Gross Profit

213,854

179,763

34,091

249,580

Selling, General & Administrative
Expenses

127,749

118,714

9,035

154,469

Operating Income

86,10561,04825,057

95,110Non-Operating Income

15,403

11,336

4,067

17,185Interest & Dividend Income

3,591

2,353

1,238

2,510

Investment Profit on Equity Method

3,6593,024

635

5,547

Other

8,152

5,959

2,193

9,127

Non-Operating Expenses

8,349

9,381

1,032 )

13,838Interest Expenses

1,745

1,701

44

2,336

Other

6,604

7,679

1,075 )

11,502

93,15963,00330,15698,457―2,798(2,798 )

5,727

―

2,798

(2,798 )5,727

Income Before Income Taxes
and Minority Interests

93,15960,20532,95492,729

Income Taxes

31,72725,0686,659

31,476

Minority Interest in Net Income

17,120

8,272

8,848

14,533Net Income

44,311

26,863

17,44846,718

Subject

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

Year ended(Mar. 31, 2005)((Consolidated Balance Sheets
Subject

3rd quarter

Year ended(As of Dec. 31, 2005) (As of Mar. 31, 2005)

Increase (decrease)（Millions Yen）
Previous 3rd quarter(As of Dec. 31, 2004)〔 Assets 〕
Current Assets

657,426

601,881

566,4083,069 )

91,103

Cash and Cash Equivalents
Trade Notes & Accounts
Receivable
Marketable Securities

87,21890,287309,738

287,955

21,783

261,342

38,317

34,1094,208

36,193Inventories

143,470

122,460

21,010113,498Deferred Tax Assets

34,89035,921

1,031 )

29,414

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

44,53331,837

12,69635,695(741 )(690 )(55,545((51 )(839 )

1,075,699

901,432

174,267

883,715716,604

627,216

89,388612,148

203,128

177,666

25,462

176,360

Machinery & Equipment

350,681

297,31753,364

285,058

Furniture, Fixtures & Office

35,07333,621

1,452

33,234

Land

85,271

82,257

3,014

81,222

Construction in Progress

42,44836,352

6,096

36,273

9,422

8,466

956

10,233

SoftwareExcess of Cost ofInvestments Over Equity inNet Assets Acquird
Other

7,020

6,322

698

6,106―1414 )

424

2,402

2,129

273

3,701

Investments & Other Assets

349,672

265,749

83,923

261,333

Investments in Securities

299,362

215,952

83,410213,911Long-term Loans

4,322

4,245

77

4,265

Deferred Tax Assets

21,00922,031

1,022 )

21,816

Other Assets
Less: Allowance for
Doubtful Accounts

26,961

24,147

2,814

21,962Intangible Fixed Assets

Total Assets(1,983 )

1,733,126(627 )

1,503,313− ４ −(((1,356 )

229,813(623 )

1,450,123

Subject

3rd quarter

Year ended(As of Dec. 31, 2005) (As of Mar. 31, 2005)

Increase anddecrease（Millions of Yen）
Previous 3rd quarter(As of Dec. 31, 2004)〔 Liabilities 〕
Current Liabilities
Trade Notes & Accounts
PayableCommercial paper& Short-term Borrowings
Amount in Arrears

590,588531,61158,977495,489

306,347

262,654

43,693248,652

71,51558,77812,73779,45050,356

41,424

8,932

31,834

Accrued Expenses

101,709106,469(4,760 )93,096

Accrued Income Taxes
Deposits Received fromEmployees
Accrued Warranty Cost

15,204

21,419(6,215 )6,279

17,461

16,964497

17,501

13,961

11,716

2,245

11,501Other Current Liabilities

14,032

12,185

1,847

7,172

333,286

273,256

60,030274,408

Bonds Payable

25,65025,650―25,650Long-term Debt

163,344

129,767

33,577

128,674

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

57,722

26,45731,265

29,104

83,696

81,965

1,731

81,286

2,792

9,4156,623 )9,693

Consolidation adjustments

64―

64―

Other Long-term Liabilities

16―

16―

Total Liabilities

923,875

804,867

119,008

769,897

163,590

145,693

17,897140,950

Capital45,04945,049―45,049

Capital Surplus

63,252

63,061

191

63,057Retained Earnings
Net unrealized gain on available-forsale securities
Foreign Curreny Translation
Adjustments
Less:Treasury Stock, at Cost

428,456

392,836

35,620373,085

113,277

66,597

46,68067,321Long-term Liabilities(〔Minority Interests〕
Minority Interests〔 Shareholders' Equity 〕(2,490 )(11,674 )

9,184(6,091 )(1,885 )(3,116 )1,231(3,147 )Total Shareholders' Equity

645,660

552,752

92,908539,275

Total Liabilities, Minority Interests
and Shareholders' Equity

1,733,126

1,503,313

229,8131,450,123− ５ −Segment Information
１．Industry Segments
The company's main business is manufacturing and sales of automotive parts.Sales, operating
income occupy over 90% in all segments. Therefore information of industry segments isomitted.
２．Geographical Segments
3rd quarter（9 months ended Dec. 31, 2005）
NorthJapan
America
Sales(1) Customers

EuropeOthers

Total（Millions of Yen）
Eliminatio Consolidns
ated

1,103,749

250,921

101,721

224,831

6,088

3,802

1,328,580

257,010

105,523

1,257,050
71,529252,308
4,701

105,277
246

85,317 1,776,431 ( 239,731 ) 1,536,699
74,893 1,689,529 ( 238,935 ) 1,450,594
10,42486,902 (796 )
86,105Previous 3rd quarter（9 months ended Dec. 31, 2004）
NorthJapanEurope
America（Millions of Yen）
Eliminatio Consolidnsated(2) Intersegment
Total
Operating Costs &Expenses
Operating Income80,307 1,536,699
5,009

Others―239,731 ( 239,731 )Total

1,536,699―

Sales(1) Customers

992,833

187,873

82,92244,555 1,308,185(2) Intersegment

167,036

5,675

3,189

3,628

1,159,869

193,549

86,112

1,108,207

190,204

85,30848,184 1,487,715 ( 179,530 ) 1,308,185
42,529 1,426,249 ( 179,113 ) 1,247,136

51,662

3,344

803

Total
Operating Costs &Expenses
Operating Income

5,654

179,530 ( 179,530 )

61,465 (Year ended（Mar. 31, 2005）

Sales(1) Customers(2) Intersegment
Total
Operating Costs &Expenses
Operating IncomeJapanNorthAmericaEurope

1,358,653

268,737

138,616

226,473

7,611

5,428

1,585,127

276,349

144,044

1,500,579

273,403

142,81484,547

2,945

1,230

Others―Total―

244,786 ( 244,786 )① North America･･･U.S.A., Mexico② Europe･･･Belgium, UK③ Others･･･Taiwan, Thailand, China− ６ −61,048

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 )(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―

（Millions of Yen）
Eliminatio Consolidnsated

63,056 1,829,064
5,273417 )

1,308,185

95,110３．Sales by Customer Location
3rd quarter（9 months ended Dec. 31, 2005）（Millions of Yen）

North America

EuropeOthers

Total

Overseas Sales

275,212

126,037

115,159

516,409

Net Sales―――

1,536,699

Overseas Sales
Ratio to Net Sales

17.9 ％

8.2％

7.5％

Previous 3rd quarter（9 months ended Dec. 31, 2004）

33.6（Millions of Yen）

North America

EuropeOthersTotalOverseas Sales

190,729

105,286

83,633379,649

Net Sales―――

1,308,185

Overseas Sales
Ratio to Net Sales

14.6％％8.0％6.4％

Year ended（Mar. 31, 2005）

29.0％（Millions of 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(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.,Mexico, Canada② Europe･･･

Sweden, Germany③ Others･･･

Thailand, Korea, China,Taiwan− ７ −％

＜Reference＞
１．Individual financial statement of The 3rd Quarter ended Dec 31, 2005
（Apr. 1, 2005 through Dec. 31, 2005） (summary)◇Statements of Income
Subject
Net Sales
Operating Income
Ordinary Income
Extraordinary Income(Loss)Net Income（Millions of Yen）

3rd quarter

Previous 3rd quarter(9 months ended
Dec. 31, 2005)(9 months ended
Dec. 31, 2004)

526,656
25,97833,470―22,915474,398
20,82023,614(1,375)
14,39652,258
5,158
9,856
1,375
8,519Year ended

Increase(decrease)

Increase(decrease)◇Balance Sheets
Subject〔 Assets 〕
Current Assets
Fixed Assets
Property, Plant &Equipment, at cost
Intangible Fixed Assets
Investments & Other Assets
Total
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, atCost
Shareholders' Equity Total
Total

3rd quarter(As of Dec. 31, 2005) (As of Mar. 31, 2005)

Year ended(Mar. 31, 2005)

649,282
31,93834,347(1,375)
21,489（Millions of Yen）
Previous 3st quarter(As of Dec. 31, 2004)

267,528
611,046

238,612482,190

28,916
128,856

220,745459,717

146,310

139,5816,729

130,7153,619
461,117878,575

3,248
339,361
720,802371
121,756
157,773

3,062
325,939
680,462

3rd quarter

Year ended(As of Dec. 31, 2005) (As of Mar. 31, 2005)

Increase(decrease)

Previous 3st quarter(As of Dec. 31, 2004)

179,825
269,027
448,852

160,494
192,507353,001

19,331
76,52095,851

132,418
186,918
319,337

45,04963,252
211,161

45,04963,061
196,432―
0
14,72945,04963,057
189,339

111,108

65,33845,77065,792(850)(2,080)1,230(2,112)

429,722878,575

367,801
720,80261,921
157,773

361,125
680,462

2．Operating Results Forecast ended Mar. 31, 2006
（Apr. 1, 2005 through Mar. 31, 2006）
Net SalesYear ended Mar. 31, 2006

Operating Income Ordinary Income

Net Income

Millions of Yen

Millions of Yen

Millions of Yen

Millions of Yen

710,000

35,00039,00026,000

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