RHJ International

Niles Co., Ltd.

Headquarters : Japan
Industry : Automotive Components - Electronic Components segment

Stock Exchange ticker	Privately held
Current Ownership	77.3%

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_geo

KEY FIGURES

Financial information for the Japanese companies has been translated for convenience into Euros using the exchange rate prevailing March 31, 2009 (EUR/JPY = 131.23)

change

March 31 (*)	2009	2008
Net sales	45,444	59,318
Gross profit	6,040	10,278
Gross margin	13.3%	17.3%
EBITDA	2,846	6,299
EBITDA margin	6.3%	10.6%
Operating profit/(loss)	(1,265)	2,351
Net profit/(loss)	(5,771)	1,887
March 31	2009	2008
Cash	2,078	2,957
Financial debt	28,326	27,741

(*) 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.