RHJ International

Niles Co., Ltd.

Headquarters : Japan
Industry : Automotive Components - Electronic Components segment

Stock Exchange ticker	Privately held
RHJI Ownership as of March 31, 2008	95.3%

Overview of Activities

Niles (http://www.niles.co.jp/) manufactures switches for automobiles. The switches serve as key components in many vehicle systems that are typically developed and assembled by larger, more diversified suppliers or by automobile OEMs themselves. Niles’ main switch product categories include those related to the steering column, doors and power-train/pedal. Niles also manufactures sensors for automobiles.

Niles’ customers are automobile OEMs, such as Nissan and General Motors, and suppliers to automobile OEMs. Niles seeks to capitalize on its production engineering capability, its quality control, and its ability to respond quickly to new design demands from its customers.

Niles Pie Chart

KEY FIGURES

Financial information for the Japanese companies has been translated for convenience into Euros using the exchange rate prevailing March 31, 2008 (EUR/JPY = 157.37)

change

March 31 (*)	2008	2007
Net sales	59,318	55,800
Gross profit	10,278	7,510
Gross margin	17.3%	13.5%
EBITDA	6,299	3,759
EBITDA margin	10.6%	6.7%
Operating profit/(loss)	2,351	(716)
Net profit/(loss)	1,887	(2,327)
March 31	2008	2007
Cash	2,957	4,869
Financial debt	27,741	29,807

(*) Excluding the effect of the purchase price allocation carried out in connection with the contribution of the ownership intetests to RHJI at March 31, 2005.