Financial Summary

The earnings of Advanex Group for FY2012 is summarized below.

The economic conditions during FY2012 were severe, due to the Great East Japan Earthquake, flood damages in Thailand in October 2011, and a decrease in exports from appreciating yen, etc. In the office equipment sector and automobile sector, there was a temporary decrease in production, but they recovered in production and sales, thanks to quick recovery measures.
Under such conditions, on one hand, our group sales and income decreased in overseas precision springs business, which were affected by the flood damages in our Thai plant, and economic stagnation in Europe from the debt crisis. On the other hand, in the plastics business, sales decreased YOY, but income improved. In the hinge business, losses were cut from restructuring efforts: a decrease in sales in unprofitable products and a cut in personnel cost.
As a result, sales decreased YOY, but income increased YOY, with the net income for the first time in 5 years.
For FY2013, we expect sales of 25 billion yen, ordinary income of 350 million yen, and net income of 200 million yen, with a dividend of 1 yen/share.