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0All Rights Reserved. Copyright TS TECH CO.,LTD.


ＨｏｎｄａＨｏｎｄａFIT HYBRID seatFIT HYBRID seat

Securities code: 7313Securities code: 7313First Section, Tokyo Stock ExchangeFirst Section, Tokyo Stock Exchange

http://www.tstech.co.jphttp://www.tstech.co.jp


Introduction

Producing a fair forecast of earnings is difficult at present because of the effects of the Great East Japan Earthquake. Consequently, we have not announced any earnings or dividend forecasts.

We will not be describing any earnings forecasts for FY2012 in this results announcement.

We will announce an earnings forecasts for FY2012 as soon as thebasis for estimation, including production plans, become clear.

Consolidated forecast for FY2012 (April 1, 2011- March 31, 2012)

TS TECH Co., Ltd. expresses its deepest sympathy to the victims of the GreatEast Japan Earthquake, as well as its wishes for the earliest possible recovery.


- Consolidated results for FY2011

Outline Toshio Komeji, President

Kazuhiko Hikida, Managing Director & Executive General Manager of the Corporate Business Administration Division

- Business overview, results outline, etc. for FY2011 (April 1, 2010 – March 31, 2011)

- Vision for 2020 and outline for 11th Medium-Term Management Plan

Detail







Detail


Business overview, results outline, etc.for FY2011 (April 1, 2010 – March 31, 2011)


SUZUKISUBARUKawasakiYAMAHA

Japan

North America South

America

ChinaAsia

Europe

April 2010 March 2011

Honda

FITHYBRID

AutomobilesMotorcyclesRed: New model/full model changeBlack: Minor model change

NinjaZX-10R

ODYSSEY（North America）

INTRUDER M1500

ACCORD（N. America specification）

Accord Crosstour（China）

CFR450R

CB UNICORNDAZZLER

EV-neo

CITY（Thailand）

ELYSION

FIT

GLADIUS Z750

EVERY

CBR250R（India）

Key models entering production during FY2011

GSR750


Odyssey (North America)Full model change

Honda

TS TECH ALABAMA

Order: Seats

Americas


FIT HYBRID

New modelSuzuka Plant

Honda

Order: Seats

Asia and the U.K.

CB UNICORN DAZZLER

Full model change

Honda

TS TECH INDIA

Order: Motorcycle seats

Japan

Debuted on Oct 2010

Debuted on Sep 2010 Debuted on May 2010


ChinaJapan

Accord CrosstourNew modelGUANGZHOU TS

Honda

Order: Seats, doors

Models to be produced

Honda CIVIC (Full model change)

Li Nian S1 (New model)

Americas

China

Thailand Honda BRIO (New model)

Japan Honda FIT SHUTTLE (New model)

Suzuki


[A brand of Guangqi Honda Automobile]

GUANGZHOU TSK

GSR750Full model change

Hamamatsu PlantOrder: Motorcycle seats

CBR250RHonda

New model

Order: Motorcycle seats

Debuted on Mar 2011

Asia and the U.K.

TS TECH INDIA

Debuted on Mar 2011In Europe

Debuted on Oct 2010

Debuted on Apr 2011

Debuted on Apr 2011


Decide to set up a local subsidiary in Germany

2010 Set up Tappenbeck Representative Office in Germany

Next model (SUV model)Secure orders for

development and production

Further reinforcement

of business expansion

2005 Set up Sweden, Branch SALES OFFICEJuly 2011（Planned）

Set up a subsidiary in Germany

Continue business activitiesStrengthen competitiveness

Sales expansion initiatives for European automakers

Topics

Technology for seating arrangements

Light weight product

technologies

Safety technologies

Acquisition of new business(Volkswagen)

Name： TS TECH Deutschland GmbHLocation：Frankfurt, GermanyCapitalCapital reserveStockholder: TS TECH Co., Ltd. holding 100%Scope of business：Sales/development, etc in

EuropeDate of foundation: July 2011(Planned)

Berlin

TS TECH Deutschland

Federal Republic of Germany

Company profile

Frankfurt

Tappenbeck

Representative office

：10,000 thousand euro


10 daysKYUSYU T ･S

3 daysSOWA SANGYO

March

6 daysSUN CHEMICAL INDUSTRY

14 daysSuzuka Plant

0 daysHamamatsu Plant

14 daysSaitama Plant

■Impact from suspension of production

Impact on TS TECH (unconsolidated)

Impact during FY2011

Impact of the Great East Japan Earthquake

Production volume: Approx -30thousands

Sales: Approx -2.9 billion yen

■Technical Center (Tochigi)Buildings in Technical Center (Tochigi) damaged by the earthquake.⇒ No loss of lives. Staffs moved to other buildings

in the Tochigi site and keep operation.

⇒Cost of building restoration. (Recorded as extraordinary loss)

■No direct damage on domestic locations or domestic group by the earthquake.

Although our factories have no issues with operation, we have dealt with production stoppages by our main client.

■Replaced parts in response to damages to suppliers caused by the earthquake.

Approx -0.1billion yen


0

20

40

60

80

100

120

140

FY2010 FY2011 FY2010 FY2011 FY2010 FY2011 FY2010 FY2011 FY2010 FY2011 FY2010 FY2011

70％

63％

100％81％

83％

94％

100％

68％

61％

93％

83％

87％

(Source: TS TECH production data, in-house research based on figures published by Honda Motor Co., Ltd.)630,000 vehicles

730,000 vehicles

240,000 vehicles

590,000 vehicles

2.40 million

vehicles

75%

TS TECH

Others （Technical assistance provided by TS TECH, etc.）

JapanJapan N. AmericaN. America ChinaChina S. AmericaS. AmericaAsiaAsia EuropeEurope

Share of Honda automobile production

Share of Honda automobile production Share of production according to regionShare of production according to region

* Figures rounded down to the nearest 10,000 vehicles

Supplying 74% of seats for Honda automobiles

Competitors （2 Companies）

(10,000vehicles)(10,000vehicles)

0

50

100

150

200

250

300

350

400

FY2010 FY2011

75％74％

2.40 million

vehicles

2.64m

illion vehicles

610,000 vehicles

790,000 vehicles

650,000 vehicles

300,000 vehicles 70,000

vehicles

130,000 vehicles

130,000 vehicles

130,000 vehicles


ConsolidatedFY2010 FY2011

Difference Year-on-yearSales ratio Sales ratio

Net sales 317,990 100.0% 357,489 100.0% 39,499 12.4%Operating income 9,598 3.0% 20,163 5.6% 10,565 110.1%Ordinary income 11,436 3.6% 21,508 6.0% 10,072 88.1%Net income 6,328 2.0% 11,755 3.3% 5,426 85.8%

Non-consolidatedFY2010 FY2011

Difference Year-on-yearSales ratio Sales ratio

Net sales 102,247 100.0% 111,389 100.0% 9,141 8.9%Operating income - 2,457 --- 498 0.4% 2,955 ---Ordinary income 2,694 2.6% 6,607 5.9% 3,912 145.2%Net income 3,702 3.6% 5,184 4.7% 1,482 40.0%

Results outline for FY2011(Unit: Million yen)

[Results compared to FY2010]

[Results compared to FY2010]

(Unit: Million yen)

* Cash dividends per share in brackets based on projected figures. End-year dividends for FY2011 include commemorative dividend of 2.00 yen.

Cash dividendsper share ¥20 (¥24) ¥4 20.0%

End of 1st half ¥9 ¥11 ¥2 22.2%End of year ¥11 (¥13) ¥2 18.2%


Approach to earnings forecasts for FY2012 (April 1, 2011 – March 31, 2012)

[Reference]The “Image of earnings forecasts for FY2012” is the plan made before the earthquake.Please note that it is reference information and does not reflect the effects of the earthquake or the latest production plans.


-Forecasts for the first quarter of companies whose fiscal year ends December are not replaced with results.

Outline of financial forecasts for FY2012(Before the earthquake)

Image of earnings forecasts for FY2012 before the earthquake

Consolidated FY2011 FY2012

Sales ratio

Net sales 3,574 100.0% Approx. 3,500

Operating income 201 5.6% Approx. 200

-Exchange rate US$=¥82, CHY=¥12.3

[Earnings forecasts before the earthquake compared to results for FY2011]* Conditions

(Unit: 100 Million yen)

-The production plan for each region is not necessarily the latest before the earthquake.

(Unit：100 million yen）

日本

ChinaChina アジア・ＵＫアジア・ＵＫ

中国

AmericasAmericas

FY2011 FY2012

JapanJapan

41

-Maturity of market-Accelerating shift towards

compact vehicles-Return from overseas profits

-Recovery of market in N. America

-Slow progress in Brazil

中国

FY2011 FY2012

33 中国

FY2011 FY2012

104

中国

FY2011 FY2012

59

Despite of harsh environment such as exchange rate impacts /rise in low-price vehicles, we

expect earnings to be the same level as FY2011 due to recovery of market in N. America while planning investment for future.

Net sales Approx-14 billion yen

Operating income Approx-1 billion yen

Annual forecasts for operating income according to segment

-Intensifying competition among automakers

-Accelerating shift towards low-price vehicles

-Rise in labor costs

-Accelerating shift towards low-price vehicles-Stagnant European market

Forecasts Forecasts ForecastsForecasts


Vision for 2020


Environment that surrounds global auto industry


Global competitors in

the same industry are rivals

Catering to customers’

multifarious needs in the world


Vision for 2020


Appearance and figure for 2020


Outline for 11th Medium-Term Management Plan(FY2012 – FY2014)


Result of 10th Medium-Term Management Plan


New technology, New function, New market


Strengthen competitiveness in all

spheres of corporate activities

(QCDDM), and lay the foundations for

achieving vision for 2020.

In the area of CSR, practice basic

social contributions, and lay the

foundations for our own CSR activities.

As a truly global company, lay the

foundations for nurturing “Global Human

Resources” who can strive globally.

11th Medium-Term Management Plan (FY2012 – FY2014)


Business Objectives







Detail


Consolidated results for FY2011 (April 1, 2010 – March 31, 2011)


Outline of consolidated results for FY2011Results compared to FY2010 / results compared to revised forecast (Oct 29)

(Unit: Million yen)

FY2010 (Actual)

FY2011Year-on-year Difference

from forecastRevised forecast (Oct 29) Actual results

Net sales 317,990 357,700 357,489 12.4% -0.1%

Operating income 9,598 19,600 20,163 110.1% 2.9%

Ordinary income 11,436 20,400 21,508 88.1% 5.4%

Net income 6,328 11,200 11,755 85.8% 5.0%

Capital investment 8,382 10,300 9,288 10.8% -9.8%

Depreciation 11,038 9,500 9,368 -15.1% -1.4%

R&D expenses 9,617 9,220 9,620 0.0% 4.3%

Exchange rates

USDFull year average

¥92.88Full year average


¥85.71

CNYFull year average



¥12.96

Cash dividends per share ¥20 ¥22 (¥24)

Year-on-year[Net sales]- Increase in revenue due to rise in order volumes for most regions- Decline in revenue due to exchange rate impact

[Operating income/ordinary income/net income]- Increase in income due to increase in revenue- Increase in income due to reduced costs- Decline in income due to foreign exchange losses

Compared to revised forecast (Oct 29)[Net sales]- Decline in revenue (approx. -2.9 billion yen) due to the effects of the

Great East Japan Earthquake- Increase in revenue due to exchange rate impact

- [Operating income/ordinary income/net income]- Increase in income due to changes to model makeup- Decline in income due to decrease in revenue caused by the effects of

the Great East Japan Earthquake

* Cash dividends per share in brackets based on projected figures


(Unit: Million yen)

Net sales according to segmentResults compared to FY2010

Revenue up across all segments

2010年３月期 2011年３月期

7,786357,489

348,928

3,1325,428

FY2010 FY2011

Motorcycles1.5%

Automobiles97.6%

Other0.9%

317,990

310,295

2,3135,380

Motorcycles1.7%

Automobiles97.6%

Other0.7% 47

(Up 0.9%)

38,632(Up12.5%)

818(Up 35.4%)


(Unit: Million yen)

2010年３月期 2011年３月期

Net sales according to product; Automobile segmentResults compared to FY2010

Revenue up for all products without roofs

294,797

22,7794,377

348,928

26,974

35,407(Up 13.7%)

3,494(Up 14.9%)

-408(Down 8.5%)

Other products6.5%

Seats84.5%

Doors7.7%

Roofs1.3%

FY2010 FY2011

259,389

22,639

4,785

310,295

23,480

Other products7.3%

Seats83.6%

Doors7.6%

Roofs1.5%

139(Up 0.6%)


Results according to region (net sales)

JapanJapan

(Actual)FY2010

Reasons for year-on-year increase/decrease- Increase in revenue due to changes to model

makeup despite of decline in order volumes- Increase in revenue due to rise in sales of

components supplied from Japan

Reasons for increase/decrease compared to revised forecast (Oct 29)- Decline in revenue (approx. -2.9 billion yen) due

to the effects of the Great East Japan Earthquake - Decrease in revenue due to fall in order volumes- Increase in revenue due to Increase revenue for

test components supplied to SuzukiFY2011

Year-on-year +9,416(up 8.5%)Revised forecast (Oct 29)-2,785 (down 2.3%)

ChinaChina

Reasons for year-on-year increase/decrease- Increase in revenue due to increased order

volumes- Decline in revenue due to exchange rate impact

Reasons for increase/decrease compared to revised forecast (Oct 29)- Decline in revenue due to exchange rate impact

Exchange rate impactYear-on-year - ¥4,970 millionRevised forecast (Oct 29) + ¥633 million

Year-on year +10,201(up 15.2%)Revised forecast (Oct 29) +639 (up 0.8%)

AmericasAmericas

Reasons for year-on-year increase/decrease- Increase in revenue due to increased order

volumes- Decline in revenue due to exchange rate impact

Reasons for increase/decrease compared to revised forecast (Oct 29)- Increase in revenue due to exchange rate

impact- Increase in revenue due to increased order

volumes

Exchange rate impactYear-on-year - ¥9,955 millionRevised forecast (Oct 29) + ¥1,804 million

Year-on-year +7,475(up 5.7%)Revised forecast (Oct 29) +1,248 (up 0.9%)

Reasons for year-on-year increase/decrease-Increase in revenue due to increased order volumes-Suspension of production in UK subsidiary for previous year

Reasons for increase/decrease compared to revised forecast (Oct 29)-Increase in revenue due to exchange rate impact

Exchange rate impactYear-on-year - ¥837 millionRevised forecast (Oct 29) + ¥176 million

Year-on-year +15,918 (up 49.2%)Revised forecast (Oct 29) +219 (down 0.5%)

122,410110,207

(Oct 29forecast)

(Actual)FY2010 FY2011

(Oct 29forecast)


(Oct 29forecast)


(Oct 29forecast)

Asia and the U.K.Asia and the U.K.

(Million yen)

(Million yen)

(Million yen)

(Million yen)

119,624132,172 138,400 139,648

76,56066,99777,199

48,04032,341

48,259

9.4 billion yen

10.2 billion yen

(Actual)

(Actual)

(Actual)

(Actual)

7.4 billion yen

15.9 billion yen


Results according to region (operating income)

JapanJapan

Reasons for year-on-year increase/decrease- Increase in income due to increase in revenue- Increase in income due to reduced costs - Decline in income due to the effects of material

costs

Reasons for increase/decrease compared to revised forecast (Oct 29)- Decline in income due to decline in revenue

caused by the effects of the Great East Japan Earthquake

- Decrease in income due to fall in order volumes- Increase in income due to increased revenue for

test components supplied to Suzuki

Year-on-year + 3,473 (up 541.2%)Revised forecast (Oct 29) -94 (down 2.3%)

ChinaChina

Reasons for year-on-year increase/decrease- Increase in income due to increase in revenue- Increase in income due to reduced costs- Decrease in income due to exchange rate

impact

Reasons for increase/decrease compared to revised forecast (Oct 29)- Increase in income due to increase in revenue

Exchange rate impactYear-on-year - ¥574millionRevised forecast (Oct 29) +¥50 million

Year-on-year + 1,641 (up 18.7%)Revised forecast (Oct 29) +232 (up 2.3%)

AmericasAmericas

Reasons for year-on-year increase/decrease- Increase in income due to Increase in revenue- Increase in income due to reduced costs - Decline in income due to increased expenses

associated with the production recovery

Reasons for increase/decrease compared to revised forecast (Oct 29)- Decline in income due to decline in order

volumes-Decline in income due to changes to model

makeup

Exchange rate impactYear-on-year -¥6 millionRevised forecast (Oct 29) + ¥22 million

Year-on-year + 1,632 (up97.5%)Revised forecast (Oct 29) + 363 (down9.9%)

Asia and the U.K.Asia and the U.K.

Reasons for year-on-year increase/decrease- Increase in income due to increase in revenue- Difference in expenses, as a result of suspension

of production in UK subsidiary for previous year

Reasons for increase/decrease compared to revised forecast (Oct 29)- Increase in income due to increase in revenue- Increase in income due to changes to model

makeup

Exchange rate impactYear-on-year ¥43 millionRevised forecast (Oct 29) +¥9 million

Year-on-year +4,581 (up 340.1%)Revised forecast (Oct 29) +658 (up 12.5%)


(Oct 29forecast)


(Oct 29forecast) (Actual)

FY2010 FY2011(Oct 29

forecast)


(Oct 29forecast)

(Million yen)

(Million yen)

(Million yen)

(Million yen)

4,210 4,115

641

10,200

8,791

10,432

1,673

3,670 3,306

5,270

1,346

5,928

3.4 billion yen

1.6 billion yen

(Actual)

(Actual)

(Actual)

(Actual)

1.6 billion yen

4.5 billion yen


2008年３月期 2009年３月期

Reasons for increase/decrease in ordinary incomeResults compared to FY2010

11,436

Reduced costs

2,849Fluctuating sales

& changes to model makeup

11,022

Other non-operating

factors

113

21,508

Reduced SG&A

expenses

-2,522 Exchange rates

-537Fluctuating

material costs

-246

Foreignexchange

gains & losses

-606

Increase in income due to increase in order volumes and reduced costs

(Unit: Million yen)

FY2010(Actual)

FY2011(Actual)

+10,072（Up 88.1%）


1900/1/1 1900/1/3 1900/1/5 1900/1/7 1900/1/9

(Unit: Million yen)

Increase in income due to changes model makeup and exchange rate etc, despite of the effects of the Great East Japan Earthquake

Reasons for increase/decrease in ordinary incomeResults compared to revised forecast (Oct 29)

Fluctuating sales & changes to

model makeup

767

Reduced SG&A

expenses

-65

Exchange rates

82

Other non-operating

factors

377 21,508

Fluctuating material costs

149

Foreign exchange

gains & losses

167

FY2010(Actual)

FY2011(Revised forecast

(Oct 29))

FY2011(Actual)

20,400

Reducedcosts

- 370

11,436

+1,108（Up 5.4%）


Net salesNet sales

Quarterly results

Operating incomeOperating income

87,29387,252

65,575

74,556

86,70291,156 91,444 91,493

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

(Million yen)

FY2010 FY2011 FY2010 FY2011

+16,937(Up 22.7%)

+25,868(Up 39.4%)

+555(Up 0.6%)

- 3,862(Down 4.2%)

(Million yen)

4,160

5,331

-613

1,481

5,5185,151

4,1084,420

+4,037(UP 272.6%)

+5,764(---)

+910(Up 20.6%)

+51(Up 1.3%)

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q


IR inquiriesTS TECH Co., Ltd. Public Relations Section.Corporate Social Responsibility Department.

TEL: 048-462-1136

Forward-looking statements and forecast results contained in this presentation represent TS TECH’s assumptions based on information currently available and are subject to a degree of risk and uncertainty.

Please bear in mind that actual results may vary significantly from the forward-looking statements contained in this presentation due to a range of variable factors.

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