(The 101st Annual General Shareholders Meeting ) (June 27, 2008)

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1 (The 101st Annual General Shareholders Meeting ) (June 27, 2008)

2 2007 Asahi Tec group FY2007 Consolidated Business Results)

3 Consolidated Business Results) Sales) FY 06 of Techno-Metal and 81days(Jan. 11 Apr. 1) of Metaldyne included in FY06) 2

4 (Asia) (Japan) (Asia) (Europe) (Others) (U.S.A.) (Japan) 3

5 4 Consolidated Business Results) Profit

6 (Consolidated Income Statement (From April 1, 2007 to March 31, 2008 ) (FY06) (FY07) (Variance) (Net Sales) 145, , ,182 (Cost of Sales) 130, , ,956 (336) (499) (162) (Provision of Allowance for Loss on Sales) (Gross Profit) 15,814 25,203 9,389 (Selling, General and Administrative Expenses) 12,538 21,863 9,325 (Operating Income) 3,276 3, (Non-Operating Income) (Non-Operating Expenses) 3,967 12,598 8,631 (162) (8,602) (8,440) (Extra-Ordinary Income) 178 1,459 1,281 (Extra-Ordinary Loss) ,437 23,732 (Income(Loss) Before Tax) 5 Unit): million yen)) (687) (31,579) (30,891) (Income Tax) (270) 2,984 3,255 (Minority Shareholders' Interest) (Net Income(Loss)) (665) (34,818) (34,152)

7 Consolidated Balance Sheet as of March 31, 2008) /3/ /3/31 (Variance) (Assets) (Current Assets) 82,215 68,987 (13,228) (Cash & Cash Equivalents) 8,803 6,529 (2,274) (Notes & Accounts Receivable) 42,298 36,395 (5,903) (Inventories) 22,009 21,176 (832) (Others) 9,104 4,885 (4,218) (Fixed Assets) 222, ,629 (48,431) (Tangible Fixed Assets) 107,824 92,560 (15,264) (Buildings Structure) 18,861 16,534 (2,327) (Machine, Equipment & Vehicle) Unit): million yen)) 62,050 49,813 (12,237) (Land) 16,996 16,763 (233) (Others) 9,916 9,449 (466) (Intangible Fixed Assets) 109,953 76,827 (33,125) (Goodwill) 49,397 26,000 (23,396) (Others) 60,556 50,826 (9,729) (Investment & Other Assets) 4,283 4,242 (40) (145) (Total Assets) 304, ,886 (61,805)

8 (Consolidated Balance Sheet as of March 31, 2008) Unit): million yen)) 2007/3/ /3/31 (Variance) (Liabilities & Shareholders' Equity ) (Current Liabilities) 73,539 65,249 (8,289) (Trade Notes & Account Payable) 43,421 38,104 (5,316) (Others) 30,117 27,144 (2,973) (Long-term Liabilities) 155, ,944 (25,125) 47,977 40,644 (7,332) (Long-term Loans) 66,292 58,235 (8,057) 13,400 10,288 (3,112) 18,621 12,742 (5,878) (Others) 8,778 8,033 (745) (Liabilities) 228, ,194 (33,415) 7

9 (Consolidated Balance Sheet as of March 31, 2008) Unit): million yen)) 2007/3/ /3/31 (Variance) (Net Assets) (Shareholders' Equity) 66,226 33,067 (33,159) (Shareholders' Equity) 34,384 34,384 0 (Capital Surplus) 35,308 35,309 0 (Retained Surplus) (3,449) (36,607) (33,158) (Treasury stock) (17) (20) (2) (Valuation and Translation Adjustment) 7,022 13,005 5,983 (Stock Option) (Minority Interests) 2,724 1,363 (1,361) (Total Net Assets) 76,082 47,692 (28,390) (Total Liabilities and Net Assets) 304, ,886 (61,805) 8

10 2007 Asahi Tec FY2007 Non-consolidated Business Results)

11 Non-consolidated Business Results) Sales) (FY03) (FY04) (FY05) (FY06) (FY07) 10

12 Non-consolidated Business Results) Profit (FY03) (FY04) (FY05) (FY06) (FY07) 11

13 (Non-consolidated Income Statement (From April 1, 2007 to March 31, 2008 )) 12 (FY06) (FY07) (Variance) (Net Sales) 49,548 56,609 7,060 (Cost of Sales) 42,926 49,329 6,402 (335) (161) 174 (Provision of allowance for loss on sales) (Gross Profit) 6,957 7, (Selling, General and Administrative Expenses) 5,259 5, (Operating Income(Loss)) 1,698 2, (Non-Operating Income) (Non-Operating Expenses) (5) (Ordinary lncome (Loss)) 1,146 1, (Extra-Ordinary Income) (Extra-Ordinary Loss) ,734 31,399 (Income(Loss) Before Tax) Unit): million yen)) 853 (29,884) (30,738) (Income Tax) (1,338) 1,508 2,847 2,192 (31,393) (33,585)

14 (Non-consolidated Balance Sheet as of March 31, 2008) 2007/3/ /3/31 (Variance) 25,185 23,915 (1,269) 3,346 2,418 (928) 12,867 13, ,053 5, ,917 2,410 (1,506) 85,245 55,577 (29,667) 16,465 15,726 (739) 8,965 8,965-7,500 6,760 (739) (129) 68,287 39,488 (28,798) 8,331 10,101 1,770 54,329 24,763 (29,565) 5,626 4,622 (1,003) (76) 110,642 79,629 (31,013) 13

15 (Non-consolidated Balance Sheet as of March 31, 2008) Unit): million yen)) 2007/3/ /3/31 (Variance) (Liabilities & Shareholders' Equity ) (Current Liabilities) 18,698 19, (Trade Notes & Account Payable) 10,510 10, (Others) 8,187 8, (Long-term Liabilities) 20,553 20,062 (490) (Long-term Loans) 15,282 14,887 (394) (Others) 5,271 5,175 (96) (Liabilities) 39,251 39,

16 (Non-consolidated Balance Sheet as of March 31, 2008) Unit): million yen)) 2007/3/ /3/31 (Variance) (Net Assets) (Shareholders' Equity) 68,169 36,774 (31,394) (Shareholders' Equity) 34,384 34,384 - (Capital Surplus) 35,308 35,309 0 (Retained Surplus) (1,506) (32,899) 31,393 (Treasury stock) (17) (20) (2) (Valuation and Translation Adjustment) 3,112 3,070 (42) (Stock Option) (Total Net Assets) 71,390 40,100 (31,290) (Total Liabilities and Net Assets) 110,642 79,629 (31,013) 15

17 (Market and Business environment surrounding Asahi Tec group)

18 (Business outlook in global market ) (Old Asahi Tec) (Metaldyne) 55,570 (European market) 92,521 21,858 (Others) (Japan) (Asian market) 5,482 14,243 (N. A market) 139, (FY07) Sales (Million JPY) Before consol. sales elimination 17

19 (Asia) (Japan) (Asia) (Europe) (Others) (U.S.A. (Japan) 18

20 () (Trend of Sales to Major Customers (Consolidated)) 19

21 Truck Market Trend) (Sales trend by domestic/oversea: Bus and Truck) (Domestic) (Oversea) (Domestic) -3 (FY08 forecast) (Oversea)

22 (Market trend of Construction machinery) (billion JPY) (Trend of Sales Demands) (Domestic) (Export) (Data by CEMA) (Domestic)+3 (FY08 Forecast) (Export) +9 21

23 North America Automobile market) (# of vehicle: Production in NAFTA) 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2, ,975 5,171 2,656 3,350 4,798 5,246 2,440 2,924 4,391 15,001 14,771 5,539 2,373 2,819 4, ,589 2,134 2,533 3,493 Thousand 13,749 13,832 5,720 1,879 2,518 3,715 (Others) (Chrysler) (Ford) GM

24 (Business environment: Substantial price increase in fuels and raw materials) Nickel Aluminum (NY oil price) (Aluminum and Nickel price) (Nickel) (Aluminum) (US$/Barrel As of 6/9, 2008) (JPY/Kg, Nikkei Avg, As of 6/10, 2008) 23

25 2008 (Asahi Tec group FY08 Consolidated Business Forecast

26 FY08 Consolidated Business Forecast) Sales) 25 FY 06 of Techno-Metal and 81days(Jan. 11 Apr. 1) of Metaldyne included in FY06)

27 FY08 Consolidated Business Forecast) Profit 26

28 to Win

29 to Win (Operation and Headquarters: (Implemented)) (Restructured operating groups to better allow for tighter cost control) (Closed N.A. Chassis manufacturing headquarters in Plymouth, Michigan, by consolidating it into existing Metaldyne facility) (Eliminated and significantly reduced certain corporate functions.) (Closed manufacturing plants in the Farmington hills, Michigan, and Gleenville, North Carolina.) 28

30 to Win (Strengthen Financial Structure) (Planning Refinancing activity to further reduce interest expense) (Headcounts reduction) (Reduced Salaried headcount in Metaldyne s headquarters operations) (Reduced another salaried and hourly employees to better adjust the cost base for overall softness in the North American economy) (Additional restructuring steps to come) (Will accelerate taking additional steps to consolidate its manufacturing base in North America by rationalizing or divesting non-performing operations in North America.) 29

31 (Asahi Tec Group Topics and Business outlook )

32 (Asahi Tec Group Topics and Business outlook ) Corresponding to price increase in energy and raw materials) (Expanding Aluminum and Magnesium business to meet the needs of weight reduction by OEM. ) (Dealing with environmental issues) (Diesel engine increases business opportunities in Turbo Charger related parts.) (Globalization) (Aluminum Wheel: China and Thailand Aggressive use of production bases to increase production) (Powder metal con-rods) (Metaldyne: Europe and Asia) (technology in vibration control) (Prioritize in implementing Plan to Win in Metaldyne, to generate synergy effects, to accelerate global business, and we will make sure to keep generating profits.) 31

(Reduction on CO2, fuel efficiency) Parts - Increasing use of Alum/Magn.

33 ( Weight reduction by increasing use of aluminum and magnesium New Standard on fuel efficiency Wight reduction to be a global trend ) Environmental issues/energy cost up) Seat Frame) CO2 (Reduction on CO2, fuel efficiency) Parts - Increasing use of Alum/Magn.) Vehicle weight reduction) Aluminum Wheel) Use of Aluminum/Magnesium) Door panel) Engine parts) Installment panel structure) Cassis parts ) Alum/Magn parts: Currently targeting luxury cars expand 32 to mid-class cars Increase business opportunities )

(Received Magnesium association award for 4 consecutive years) (FY2007: Development

(Impressive technology innovation by use of magnesium alloy) (Provide Lower cost)

34 (Received Magnesium association award for 4 consecutive years) (FY2007: Development of Trial manufacturing method in die-casting by low pressure sand mold casting) (Impressive technology innovation by use of magnesium alloy) (Provide Lower cost) (Provide High quality) (Increase business opportunity by R&D oriented approach to offer better solutions to customers.) (Seat frame) (Steering member) (mixture of Returning materials) (Trial manufacturing method) (In-door panel) 33 (Steering member) (Seat frame)

35 Globalized Business Footprint) (Total of 53 global footprints by 13 domestic and 40 overseas) 34

36 (Aggressively utilize Aluminum Wheel facility in China) WAA (Started construction on 6/30, 2006.) (Started operation on 12/15, 2006) 35

37 (Production trend by country) 2,500 WAA 2,000 1,500 1,

(Expansion of production facility in Asahi Tec Metals

) (Expand Factory #1) (Added plant #2 as a machining

38 (Expansion of production facility in Asahi Tec Metals (Thailand).) (A new molding line installed for mass production of engine parts will start production in September, 2008.) (Expand Factory #1) (Added plant #2 as a machining factory) Asahi Tec Metals (Thailand) 2 (Factory #2) 1 Factory #1: expansion and transfer equipments 37

excellent activities) (Motivate employees)

39 (Further development of Manufacturing skills and Kaizen activity: AMM workshop) (Asahi Tec Kaizen workshop) (Present daily Kaizen activities) (Give awards for excellent activities) (Motivate employees) (Further globalize by adding Metaldyne group from FY08) 38

40 101 (The 101st Annual General Shareholders Meeting ) (June 27, 2008)

Microsoft PowerPoint - FY Q Results.ppt [互換モード]

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