Financial Results for the Fiscal Year Ended March 2012 Investor Relations Presentation Materials ISEKI & CO., LTD. Seiichiro Gamo, President May 18, 2012 Index 1. Outline of Financial Results for the Fiscal Year Ended March, 2012 2. Recent Development in Domestic and Overseas Markets 3. Performance Forecast for the Fiscal Year Ending March, 2013 4. Topics 2 1. Outline of Financial Results for the Fiscal Year Ended March, 2012ラ
Company average forex rate (12/Mar.): 1US$=¥78, 1Euro=¥107 * Forecast announced on Feb.10. 4
* Forecast announced on Feb.10. ISEKI FY12/Mar. Investor Relations Presentation Materials
* Sales in China are actual results (Jan. – Dec.) * Forecast announced on Feb.10.
ISEKI FY12/Mar. Investor Relations Presentation Materials
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(JPY bn, %)

*Operating income Factors of YoY change
[Gross Profit]
Change of fixed cost Total
[S.G.& A Expenses] (Figures in ( ) indicate losses) * Forecast announced on Feb.10. ISEKI FY12/Mar. Investor Relations Presentation Materials 1
* Forecast announced on Feb.10. 8
9
1. Balance of Interest Bearing Liabilities (JPY bn) ■ Loan/Bond ■ Lease Obligations

2. Planned Dividend

2. Recent Development in Domestic and Overseas Markets GML GSL ISEKI FY12/Mar. Investor Relations Presentation Materials 11
O Prospect of resumption of farming in affected farmland in Iwate, Miyagi and Fukushima prefectures (ha)
Prospect of 88.0% resumption of farming in 2015/Mar. * Area of reconstruction method,or land integration to be studied , alarmed area related to the nuclear plant accident, new designated evacuation area without a prospect of resumption.
O Ratio of first class rice and relative trading price

Both ratio of first class rice and relative price of rice recovered to the level of 2009 production rice.
○Points of Basic policy/Action plan for agricultural revitalization
• Realization of sustainable and strong agriculture Increase new entry to farming and secure personnel who support future agriculture in Japan. Aim at large land use type agriculture of 20~30 ha of flat land. • The 6 th industrialization toward growth industry and more efficient distribution Creation of funds. Source: MAFF HP ISEKI FY12/Mar. Investor Relations Presentation Materials
Trend in the amount of domestic demand (Total of 9 principal products: Moving annual base) (JPY bn) ISEKI FY12/Mar. Investor Relations Presentation Materials 13
Trends in domestic agricultural machinery industry shipment and effective sales of ISEKI * Total amount of 9 principal products base, Y o Y growth rate (%) Source:  Shipping statistics of Japan Farm Machinery Manufacturer's Association
(JPY bn) 120 90 60 30 0 05/Mar. 06/Mar. 07/Mar. 08/Mar. 09/Mar. 10/Mar. 11/Mar. 12/Mar.
Apr. Jun. Jul. Aug. Dec. Jan. Feb. May. Sep. Nov. Oct. Mar. * 13/Mar. Orders received: Apr.  is based on result of shipping, May.-Jul. is based on orders received.

1. Compact Tractor Market in North America
* Tractors with 50PS engines (PTO40PS) or less, and lawn mowers are not included
(Unit: 1000) * Figures have been rounded and-non-adjusted • AEM estimated growth of demand in 2012 to be +3.2% per year. Source :  A E M statistics（Association of Equipment Manufacturers)
2. ISEKI’s Sales and Strategy
(JPY bn) Trend of product sales for North America 10 • Effective sales of the OEM partner for Jan.-Apr. tended to be delayed affected by aggressive sales of Korean group. 8 6 4 • In orders received base, ISEKI's sales for Apr.-Jul. (Apr. was shipping base) shifted underperforming the same period of the previous year partly due to stagnant effective sales growth of the OEM partner. 0 Promote early sales recovery through reinforced sales promotions and introduction of new products including model change.

1. Trends in European Market
• Demand remained in a low level except for Germany, due to sluggish economy. • Korean group stimulated demand by aggressive low-price campaign. •  France, Germany, etc. were in line with the previous year, and Spain, Portugal, etc. underperformed the previous year.
2. ISEKI’s Sales and Strategy
• With respect to effective sales by European agents for Jan.-Mar., France and Germany were on a recovery trend. • ISEKI's orders received base for Apr.-Jul. (Apr. was shipping base) underwent the same period of the previous year due to inventory adjustment in France (Expected completion of inventory adjustment: Aug.- Sep.) 09/ Mar. 10/ Mar. 11/ Mar. 12/ Mar. 13/ Mar. Develop promotions according to country/products, and promote share maintenance/expansion.

1. Trend in Chinese Market
• Trend of subsidy for agricultural promotion (billion of yuan)
• Trend of agricultural market expansion continues due to subsidy that increases every year. [Reference] 1st Period  of 2011 : 11 billion yuan (143 billion yen)
2. ISEKI’s Sales and Strategy
(JPY bn) • Sales increased in the previous year due to increased sales of rice transplanters. • Sale trend in Jan,-Apr. delayed compared with the same period of the previous year due to delayed announcement of the subsidy policy in each province and changed payment method of subsidy. 8 Promote commercialization of products that suite the market needs such as tobacco transplanters, 4 rows walking type rice transplanters of which more diffusion can be expected, and high-clearance multipurpose vehicle , etc. that increase efficiency of paddy field management.
Leaf tobacco production in the world Leaf tobacco production ranking (2011)
Source: FAO Production: 990 th. tons Planted area: 440 th. ha Production: 390 th. tons (Planted area: 200 th.ha) Guizho Production: 250 th. tons (Planted area: 110 th. ha) Production: 290 th. tons (Planted area: 120 th.ha) Source: China Statistic Bureau 2012: Sellout of prepared units for limited sales campaign. 2013: Full-fledged sales Leaf tobacco production in China by Province (2011) ISEKI FY12/Mar. Investor Relations Presentation Materials Performance Forecast for the 3. Fiscal Year Ending March, 2013] New category combine harvester   HFC330 ISEKI FY12/Mar. Investor Relations Presentation Materials

1. Performance Forecast
(JPY bn)
Company forex rate:1 US$= =¥80, 1 Euro=¥105 * Forecast announced on May 11. 2. Planned Year-end Dividend (Yen)
(JPY bn)
* Forecast announced on May 11. ISEKI FY12/Mar. Investor Relations Presentation Materials
(JPY bn)
* Forecast announced on Mar 11.
ISEKI FY12/Mar. Investor Relations Presentation Materials
4. Topics Aisaika (JKB23) ISEKI FY12/Mar. Investor Relations Presentation Materials 25
Challenges of ISEKI Group ①Enhancing initiatives to propose low cost agricultur ②To strengthen promotion of global development ③To enhance product capability and promote cost structure reform Promotion of cost structure reform Needs for low price products both in domestic and overseas markets Newly establish Cost Structure Reform Committee. Establish Cost Structure Reform Department. Each engineering general manager, president of manufacturing company and general manager of Purchasing Department take initiatives of the structural reform. Low cost design Low cost production Low cost procurement
ISEKI FY12/Mar. Investor Relations Presentation Materials

The objective of this presentation document is to provide information, and it is not intended to invite any action. The document has been prepared by ISEKI based on currently available information and it involves potential risks and uncertainties. The forecast may not be consistent with actual results depending on fluctuation of the economic situation and market trends. • In using this information, investors are expected to depend on their own judgment. ISEKI is not liable for any losses incurred by investment decision made utilizing the business forecast or targets given in this document. e food self sufficiency ratio 1% campaign which leads to relief in the fo ISEKI group is partner of FOOD ACTION NIPPON.