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2 Honda FIT HYBRID seat Securities code: 7313 First Section, Tokyo Stock Exchange 1

3 Introduction Consolidated forecast for FY2012 (April 1, March 31, 2012) 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 the basis for estimation, including production plans, become clear. TS TECH Co., Ltd. expresses its deepest sympathy to the victims of the Great East Japan Earthquake, as well as its wishes for the earliest possible recovery. 2

4 Outline Toshio Komeji, President - Business overview, results outline, etc. for FY2011 (April 1, 2010 March 31, 2011) - Vision for 2020 and outline for 11 th Medium-Term Management Plan Detail Kazuhiko Hikida, Managing Director & Executive General Manager of the Corporate Business Administration Division - Consolidated results for FY2011 3

5 Outline Toshio Komeji, President - Business overview, results outline, etc. for FY2011 (April 1, 2010 March 31, 2011) - Vision for 2020 and outline for 11 th Medium-Term Management Plan Detail Kazuhiko Hikida, Managing Director & Executive General Manager of the Corporate Business Administration Division - Consolidated results for FY2011 4

6 Business overview, results outline, etc. for FY2011 (April 1, 2010 March 31, 2011) 5

7 Key models entering production during FY2011 Honda April 2010 March 2011 Motorcycles Automobiles Red: New model/full model change Black: Minor model change ELYSION Japan ACCORD (N. America specification) FIT HYBRID EV-neo CFR450R FIT North America South America ODYSSEY (North America) China Asia CB UNICORN DAZZLER CITY (Thailand) Accord Crosstour (China) CBR250R (India) Europe SUZUKI SUBARU Kawasaki YAMAHA EVERY INTRUDER M1500 GLADIUS Ninja ZX-10R Z750 GSR750 6

8 Key models entering production during FY2011 Americas Honda Odyssey (North America) Full model change TS TECH ALABAMA Order: Seats Japan Honda New model Suzuka Plant FIT HYBRID Order: Seats Debuted on Oct 2010 Asia and the U.K. Honda CB UNICORN DAZZLER Full model change TS TECH INDIA Order: Motorcycle seats Debuted on Sep 2010 Debuted on May

9 Key models entering production during FY2011 Japan Suzuki GSR750 Full model change Hamamatsu Plant Order: Motorcycle seats China Honda Accord Crosstour Order: Seats, doors New model GUANGZHOU TS GUANGZHOU TSK Asia and the U.K. Honda CBR250R Order: Motorcycle seats Debuted on Mar 2011 In Europe Debuted on Mar 2011 New model TS TECH INDIA Models to be produced Japan Honda FIT SHUTTLE (New model) Americas Honda CIVIC (Full model change) China Thailand Li Nian S1 (New model) [A brand of Guangqi Honda Automobile] Debuted on Apr 2011 Honda BRIO (New model) Debuted on Oct 2010 Debuted on Apr

10 Topics Decide to set up a local subsidiary in Germany Sales expansion initiatives for European automakers 2005 Set up Sweden, Branch SALES OFFICE 2010 Set up Tappenbeck Representative Office in Germany Continue business activities Strengthen competitiveness Acquisition of new business(volkswagen) Light weight product technologies Technology for seating arrangements Safety technologies Next model (SUV model) Secure orders for development and production Further reinforcement of business expansion July 2011(Planned) Set up a subsidiary in Germany Company profile Name: TS TECH Deutschland GmbH Location:Frankfurt, Germany Capital :10,000 thousand euro Capital reserve Stockholder: TS TECH Co., Ltd. holding 100% Scope of business:sales/development, etc in Europe Date of foundation: July 2011(Planned) Federal Republic of Germany Representative office TS TECH Deutschland Tappenbeck Frankfurt Berlin 9

11 Impact of the Great East Japan Earthquake Impact during FY2011 Impact from suspension of production Saitama Plant Hamamatsu Plant Suzuka Plant KYUSYU T S SOWA SANGYO SUN CHEMICAL INDUSTRY March 14 days 0days 14 days 10 days 3days 6days Impact on TS TECH (unconsolidated) 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) Approx -0.1billion yen No direct damage on domestic locations or domestic group by the earthquake. Replaced parts in response to damages to suppliers caused by the earthquake. Although our factories have no issues with operation, we have dealt with production stoppages by our main client. 10

12 Supplying 74% of seats for Honda automobiles Share of Honda automobile production Share of production according to region (10,000vehicles) (10,000vehicles) Japan N. America China Asia Europe S. America TS TECH Competitors (2 Companies) % 75% 74% % 68% 63% 61% 94% 93% Others (Technical assistance provided by TS TECH, etc.) million million vehicles vehicles 2.64 million vehicles FY2010 FY2011 * Figures rounded down to the nearest 10,000 vehicles ,000 vehicles 610,000 vehicles 730,000 vehicles 790,000 vehicles 590,000 vehicles 650,000 vehicles 83% 83% 81% 87% 100% 100% FY2010 FY2011 FY2010 FY2011 FY2010 FY2011 FY2010 FY2011 FY2010 FY2011 FY2010 FY2011 (Source: TS TECH production data, in-house research based on figures published by Honda Motor Co., Ltd.) 240,000 vehicles 300,000 vehicles 70,000 vehicles 130,000 vehicles 130,000 vehicles 130,000 vehicles 11

13 Results outline for FY2011 [Results compared to FY2010] Consolidated FY2010 Sales ratio FY2011 Sales ratio Difference Year-on-year Net sales 317, % 357, % 39, % Operating income 9, % 20, % 10, % Ordinary income 11, % 21, % 10, % Net income 6, % 11, % 5, % [Results compared to FY2010] Non-consolidated FY2010 Sales ratio FY2011 Sales ratio Difference (Unit: Million yen) Year-on-year Net sales 102, % 111, % 9, % Operating income - 2, % 2, Ordinary income 2, % 6, % 3, % Net income 3, % 5, % 1, % Cash dividends per share (Unit: Million yen) 20 ( 24) % End of 1 st half % End of year 11 ( 13) % * Cash dividends per share in brackets based on projected figures. End-year dividends for FY2011 include commemorative dividend of 2.00 yen. 12

14 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. 13

15 Outline of financial forecasts for FY2012(Before the earthquake) Image of earnings forecasts for FY2012 before the earthquake [Earnings forecasts before the earthquake compared to results for FY2011] Consolidated FY2011 Sales ratio (Unit: 100 Million yen) FY2012 Net sales 3, % Approx. 3,500 Operating income % Approx. 200 * Conditions -Exchange rate US$= 82, CHY= Forecasts for the first quarter of companies whose fiscal year ends December are not replaced with results. -The production plan for each region is not necessarily the latest before the earthquake. Annual forecasts for operating income according to segment (Unit:100 million yen) Japan Americas 104 China アジア UK 41 中国 33 中国中国 59 中国 FY2011 FY2012 Forecasts -Maturity of market -Accelerating shift towards compact vehicles -Return from overseas profits FY2011 -Recovery of market in N. America -Slow progress in Brazil 日本 FY2012 FY2011 FY2012 FY2011 FY2012 Forecasts Forecasts Forecasts -Intensifying competition among automakers -Accelerating shift towards low-price vehicles -Rise in labor costs -Accelerating shift towards lowprice vehicles -Stagnant European market Despite of harsh environment such as exchange rate impacts Net sales Approx-14 billion yen Operating income Approx-1 billion yen /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. 14

16 Vision for

17 Environment that surrounds global auto industry 16

18 Global competitors in the same industry are rivals Catering to customers multifarious needs in the world 17

19 Vision for

20 Appearance and figure for

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22 Outline for 11th Medium-Term Management Plan(FY2012 FY2014) 21

23 Result of 10th Medium-Term Management Plan 22

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25 New technology, New function, New market 24

26 11 th Medium-Term Management Plan (FY2012 FY2014) Strengthen competitiveness in all spheres of corporate activities (QCDDM), and lay the foundations for achieving vision for As a truly global company, lay the foundations for nurturing Global Human Resources who can strive globally. In the area of CSR, practice basic social contributions, and lay the foundations for our own CSR activities. 25

27 Business Objectives 26

28 Outline Toshio Komeji, President - Business overview, results outline, etc. for FY2011 (April 1, 2010 March 31, 2011) - Vision for 2020 and outline for 11 th Medium-Term Management Plan Detail Kazuhiko Hikida, Managing Director & Executive General Manager of the Corporate Business Administration Division - Consolidated results for FY

29 Consolidated results for FY2011 (April 1, 2010 March 31, 2011) 28

30 Outline of consolidated results for FY2011 Results compared to FY2010 / results compared to revised forecast (Oct 29) FY2010 (Actual) Revised forecast (Oct 29) FY2011 Actual results (Unit: Million yen) Difference Year-on-year from forecast Net sales 317, , , % -0.1% Operating income 9,598 19,600 20, % 2.9% Ordinary income 11,436 20,400 21, % 5.4% Net income 6,328 11,200 11, % 5.0% Capital investment 8,382 10,300 9, % -9.8% Depreciation 11,038 9,500 9, % -1.4% R&D expenses 9,617 9,220 9, % 4.3% Exchange rates USD CNY Full year average Full year average Full year average 84.5 Full year average 12.9 Full year average Full year average Cash dividends per share ( 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 * Cash dividends per share in brackets based on projected figures Compared to revised forecast (Oct 29) [Net sales] - Decline in revenue (approx 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 29

31 Net sales according to segment Results compared to FY2010 Revenue up across all segments (Unit: Million yen) 7, , (Up 35.4%) Other 2, % 5, (Up 0.9%) Motorcycles 1.7% Automobiles 97.6% 310,295 38,632 (Up12.5%) 357,489 3,132 5, ,928 Other 0.9% Motorcycles 1.5% Automobiles 97.6% 2010 FY2010 年 3 月期 2011 FY2011 年 3 月期 30

32 Net sales according to product; Automobile segment Results compared to FY2010 Revenue up for all products without roofs (Unit: Million yen) Other products 7.3% Roofs 1.5% Doors 7.6% Seats 83.6% 310,295 22,639 4,785 23, , (Up 0.6%) -408 (Down 8.5%) 3,494 (Up 14.9%) 35,407 (Up 13.7%) 348,928 22,779 4,377 26, ,797 Other products 6.5% Roofs 1.3% Doors 7.7% Seats 84.5% 2010 FY2010 年 3 月期 2011 FY2011 年 3 月期 31

33 Results according to region (net sales) Japan Americas (Million yen) 110,207 FY2010 (Actual) 9.4 billion yen 122, ,624 FY2011 (Oct 29 forecast) (Actual) Year-on-year +9,416(up 8.5%) Revised forecast (Oct 29)-2,785 (down 2.3%) 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 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 Suzuki (Million yen) 132,172 FY2010 (Actual) 7.4 billion yen 138, ,648 FY2011 (Oct 29 forecast) (Actual) 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 - 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 impact Year-on-year Revised forecast (Oct 29) - 9,955 million + 1,804 million China Asia and the U.K. Year-on year +10,201(up 15.2%) Revised forecast (Oct 29) +639 (up 0.8%) Year-on-year +15,918 (up 49.2%) Revised forecast (Oct 29) +219 (down 0.5%) (Million yen) 66,997 FY2010 (Actual) 10.2 billion yen 76,560 77,199 FY2011 (Oct 29 (Actual) forecast) 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 impact Year-on-year Revised forecast (Oct 29) - 4,970 million million (Million yen) 32,341 FY2010 (Actual) 15.9 billion yen 48,040 48,259 FY2011 (Oct 29 forecast) (Actual) 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 impact Year-on-year Revised forecast (Oct 29) million million 32

34 Results according to region (operating income) Japan Americas Year-on-year + 3,473 (up 541.2%) Revised forecast (Oct 29) -94 (down 2.3%) Year-on-year Revised forecast (Oct 29) + 1,632 (up97.5%) (down9.9%) (Million yen) 641 FY2010 (Actual) 3.4 billion yen 4,210 4,115 FY2011 (Oct 29 forecast) (Actual) 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 (Million yen) 1,673 FY2010 (Actual) 1.6 billion yen 3,670 3,306 FY2011 (Oct 29 forecast) (Actual) 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 impact Year-on-year Revised forecast (Oct 29) - 6 million + 22 million China Asia and the U.K. (Million yen) 8,791 FY2010 (Actual) 1.6 billion yen 10,200 10,432 FY2011 (Oct 29 forecast) (Actual) Year-on-year + 1,641 (up 18.7%) Revised forecast (Oct 29) +232 (up 2.3%) 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 impact Year-on-year Revised forecast (Oct 29) - 574million + 50 million (Million yen) 1,346 FY2010 (Actual) 4.5 billion yen 5,270 5,928 FY2011 (Oct 29 forecast) (Actual) Year-on-year +4,581 (up 340.1%) Revised forecast (Oct 29) +658 (up 12.5%) 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 impact Year-on-year Revised forecast (Oct 29) 43 million + 9 million 33

35 Reasons for increase/decrease in ordinary income Results compared to FY2010 Increase in income due to increase in order volumes and reduced costs +10,072(Up 88.1%) (Unit: Million yen) Fluctuating sales & changes to model makeup 11,022 Reduced costs 2,849 Other nonoperating factors 113 Reduced SG&A expenses Foreign -2,522 exchange Exchange gains & losses -606 rates -537 Fluctuating material costs ,508 11, FY2010 年 3 月期 2009 FY2011 年 3 月期 (Actual) (Actual) 34

36 Reasons for increase/decrease in ordinary income Results compared to revised forecast (Oct 29) Increase in income due to changes model makeup and exchange rate etc, despite of the effects of the Great East Japan Earthquake (Unit: Million yen) +1,108(Up 5.4%) 20,400 Fluctuating sales & changes to model makeup 767 Other nonoperating factors Foreign exchange gains & losses Fluctuating material costs Exchange rates Reduced costs Reduced SG&A expenses ,508 11,436 FY2010 FY /1/1 (Actual) (Revised forecast 1900/1/3 1900/1/5 1900/1/7 1900/1/9 (Oct 29)) FY2011 (Actual) 35

37 Quarterly results Net sales Operating income +25,868 (Up 39.4%) +16,937 (Up 22.7%) +555 (Up 0.6%) - 3,862 (Down 4.2%) +5,764 (---) +4,037 (UP 272.6%) +910 (Up 20.6%) +51 (Up 1.3%) 65,575 74,556 86,702 91,156 91,444 91,493 87,252 87,293 4,420 4,108 5,151 5,518 5,331 4,160 (Million yen) (Million yen) 1, Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY2010 FY2011 FY2010 FY

38 Thank you for listening 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. IR inquiries TS TECH Co., Ltd. Public Relations Section. Corporate Social Responsibility Department. TEL:

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