27 May 2016

MITSUBA Corporation

Briefing on Business Results for FY Mar 2016

and Management Strategy

2/15

1. Industry trends

2. Results for FY03/2016

3. Forecast for FY03/2017

4. The 10th Mid-term Management Plan

Overview of Business Activities

272.5

306.0

333.2 320.0

17.0

22.0 22.8 21.0

0

5

10

15

20

25

30

35

100.0

150.0

200.0

250.0

300.0

350.0

FY03/2014 FY03/2015 FY03/2016 FY03/2017(Forecast)

Sales Operating income JPY Bln Operating Income

10th Mid-term Management Plan

JPY Bln Sales

3/15

Points of Business Results for FY 03/2016

Consolidated Sales and Operating Income

Both consolidated sales and operating income reached record highs.

4/15

9.2 9.5 9.5 9.5

20.8 21.2 21.9 22.4

20.2 20.6 21.3 22.1

12.2 12.9 13.7 14.8

26.3 28.3 29.9 31.0

0

20

40

60

80

100

120

2015 2016 2017 2018Japan The Americas Europe Asia China Others

91.1 94.5 98.5 102.4

1. Industry Trends (1) Production Volume Forecast for Automobiles Unit: million cars

Growth is slowing, despite a projection to exceed 100 million cars in 2018.

5/15

20.0 20.5 20.6 20.8

11.6 12.4 13.0 13.4

18.5 20.7 22.3 23.7 1.3

1.4 1.4 1.4 6.4

6.6 6.7 6.8

0

10

20

30

40

50

60

70

80

2015 2016 2017 2018China ASEAN India Brazil Others

Growth rate is slowing in ASEAN, despite a projection to exceed 60 million motorcycles in 2016.

57.8 61.6 64.0 66.1

1. Industry Trends (2) Production Volume Forecast for Motorcycles

Unit: million m/c

6/15

Consolidated FY03/2015 (A)

FY03/2016 (B)

Change (B)-(A)

Rate of change (B)/(A)

FY 03/2017 Forecast

Net sales 306.0 333.2 27.2 8.9％ 320.0

Operating income 22.0 22.8 0.7 3.6％ 21.0

Ordinary income 25.2 19.6 ▲5.6 ▲22.2％ 21.0 Profit attributable to owners of parent

11.4 8.5 ▲2.9 ▲25.5％ 8.0

JPY Bln

Outline JPY Bln

Ordinary income Non-operating income JPY 2.6 (Interest income and dividend income JPY 0.9 Equity in income of affiliates JPY 0.7)

Non-operating expenses JPY 5.9 (Interest expenses JPY 1.3 Foreign exchange losses JPY 3.7)

Profit attributable to owners of parent

Extraordinary gain JPY 0.1 Extraordinary loss JPY 2.0 (Loss on retirement of noncurrent assets JPY 0.7)

Income taxes JPY 7.0 Profit attributable to non-controlling interests JPY 2.2

2. Results for FY03/2016 (1) Consolidated Operating Results for FY03/2016

7/15

Sales Composition (by Car Maker Group) for FY03/2016

Sales to Honda Motor Group grew by 11%.

146.2 162.1

50.1 53.5

16.8 18.9 12.1

12.3 11.5

11.4 61.8 68.5

FY03/2015 FY03/2016

49.6%

16.4% 5.8% 3.8% 3.5%

21.0% FY03/2016

JPY Bln

The data above is different from that of the transportation equipment-related segment disclosed in the earnings briefing. Includes non-consolidated companies.

48.9%

16.4% 5.6%

4.1% 3.9%

21.1% FY03/2015

Honda Renault/Nissan Group Fuji Heavy Industries VW/Audi Gr. Toyota Group Others

8/15

Sales of the First Business (Field-of-vision system) exceeded JPY 100 billion for the first time.

32.0%

24.5% 23.0%

20.2% FY03/2015

95.4 107.6

73.3 79.0

68.6 78.1

60.4 61.5

FY03/2015 FY03/2016

32.9%

24.2%

23.9%

18.8% FY03/2016

JPY Bln Sales Composition (by Business) for FY03/2016

The data above is different from that of the transportation equipment-related segment disclosed in the earnings briefing. Includes non-consolidated companies .

First Business(Field-of-vision system)

Second Business(Convenience and comfort system)

Third Business(Empowering system)

Fourth Business(Motorcycle)

Fifth Business(Others)

FY03/2015 (Actual)

25.2 FY03/2016 (actual)

19.6

Changes in sales/sales composition,

etc. +2.8

Cost-cutting measures

+4.7

Effects of exchange

rate fluctuations +2.1

Increases in labor costs and expenses, etc.

8.8

Others 6.4

US dollar JPY 105.87 ⇒ JPY 121.07 Euro JPY 140.43 ⇒ JPY 134.44 Renminbi JPY 17.23 ⇒ JPY 19.48 Brazilian Real JPY 45.12 ⇒ JPY 36.97

Recording loss from difference in exchange rates between foreign currency asset evaluation and payment receipts JPY 7.1 Others JPY0.7 (of which equity in earnings of affiliates JPY0.4)

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(2) Factor Analysis of Changes in Consolidated Ordinary Income for FY03/2016

JPY Bln

5.6

10/15

Non-Consolidated

FY03/2015 (A)

FY03/2016 (B)

Change (B)-(A)

Rate of change (B)/(A)

FY 03/2017 Forecast

Net sales 149.0 146.9 ▲2.1 ▲1.4% 140.0

Operating income 4.4 2.9 ▲1.5 ▲34.6% 2.5

Ordinary income 12.6 6.3 ▲6.3 ▲49.9% 7.0

Profit 5.1 2.5 ▲2.5 ▲49.9% 2.0

JPY Bln

Outline JPY in Bln

Ordinary income Non-operating income JPY 6.3 (Dividend income JPY 5.2)

Non-operating expenses JPY2.9 (Interest expenses JPY1.0, Foreign exchange losses JPY1.5)

Profit Extraordinary gain JPY0.06 Extraordinary loss JPY1.8(Retirement of noncurrent assets JPY 0.6)

Income taxes JPY 1.9

(3) Non-Consolidated Operating Results for FY03/2016

11/15

FY03/2016 Actual (A)

FY03/2017 Forecast (B)

Change (B)-(A)

Capital Expenditures 18.9 18.5 ▲0.4

Depreciation 15.8 16.0 +0.1

Development Cost 13.0 14.0 +0.9

FY03/2016 (Actual exchange

rate for yen)

FY03/2017 (Assumed exchange

rate for yen)

Foreign exchange sensitivity (JPY mln per year)

US Dollar 121.07 110.00 350

Euro 134.44 125.00 30

Renminbi 19.48 16.00 250

Effect of Foreign Exchange Rate on Operating Income JPY Mln

Real exchange rates: The average exchange rates in Japan (from April to March) and overseas (from January to December).

Capital Expenditures, Depreciation and Development Cost JPY Bln

3. Forecast for FY03/2017

280.0 300.0

320.0 306.0 333.2 320.0

22.0 22.8 21.0

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0

FY03/2015 FY03/2016 FY03/2017(Forecast)

Sales(10th Mid-term Management Plan)

Sales(Actual&Forecast)

Operating income(Actual&Forecast)

・Effects of FX rates (USD, RMB) ・Slowdown of sales in Japan (e.g. effect of earthquake) ・Increased development costs

12/15

JPY Bln Operating Income

The 10th Mid-term Management Plan Targets forecast to be achieved (Net sales: JPY 320 Billion)

3. Forecast for FY03/2017

JPY Bln Sales

Honda Renault/Nissan Group Fuji Heavy Industries Toyota Group VW/Audi Group Others

13/15

162.1 151.2

53.5 49.2

18.9 19.4

11.4 10.6

12.3 11.3

68.5 64.9

FY03/2016 FY03/2017

49.3%

16.0% 6.3% 3.5% 3.7%

21.2% FY03/2017

On a local currency basis, sales to the Honda Group increased approx 4%.

49.6%

16.4% 5.8% 3.5% 3.8%

21.0% FY03/2016

Sales Composition Forecast (by Car Maker Group) for FY03/2017 JPY Bln

The data above is different from that of the transportation equipment-related segment disclosed in the earnings briefing. Includes non-consolidated companies .

First Business(Field-of-vision system)

Second Business(Convenience and comfort system)

Third Business(Empowering system)

Fourth Business(Motorcycle)

Fifth Business(Others)

14/15

107.6 102.0

79.0 74.2

78.1 72.8

61.5 56.8

FY03/2016 FY03/2017

33.3%

24.2% 23.7%

18.5% FY03/2017

32.9%

24.2% 23.9%

18.8% FY03/2016

Sales Composition Forecast (by Business) for FY03/2017 JPY Bln

On a local currency basis, sales of all businesses increased approx 3%.

The data above is different from that of the transportation equipment-related segment disclosed in the earnings briefing. Includes non-consolidated companies .

4. The 10th Mid-term Management Plan

Create a new market

Meet the needs for safety and security

Individual growth and global communication

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From a global start to a new stage

End of Presentation