To Our Shareholders and Investors - IR Library

Major Consolidated Index

Consolidated Results

Unit : millions of yen

  2005.3
Actual		 2006.3
Actual		 2007.3
Actual		 2008.3
Actual		 2009.3
Forecast
Net Sales 344,625 359,906 392,611 413,938 413,000
Operating Income 17,847 18,557 21,646 23,854 21,000
Recurring Income 16,649 17,350 20,983 22,388 19,500
Net Income 9,487 10,125 10,739 11,447 10,300
Net Sales YoY Change (%) 3.0 4.4 9.1 5.4 (0.2)
Operating Income YoY Change (%) 4.6 4.0 16.6 10.2 (12.0)
Recurring Income YoY Change (%) 7.9 4.2 20.9 6.7 (12.9)
Net Income YoY Change (%) 2.2 6.7 6.1 6.6 (10.0)
Operating Income Ratio to Net Sales (%) 5.2 5.2 5.5 5.8 5.1
Recurring Income Ratio to Net Sales (%) 4.8 4.8 5.3 5.4 4.7
Net Income Ratio to Net Sales (%) 2.8 2.8 2.7 2.8 2.5

* Net sales do not include consumption and other taxes.

Financial Position

Unit : millions of yen

  2005.3
Actual		 2006.3
Actual		 2007.3
Actual		 2008.3
Actual		 2009.3
Forecast
Total Net Assets 147,370 168,676 206,919 199,415 -
Shareholders' Equity - - 175,522 167,189 -
Total Assets 295,802 331,781 348,995 342,287 -
Shareholders' Equity Ratio (%) 49.8 50.8 50.3 48.8 -
D/E Ratio (%) 33.6 37.8 37.3 44.0 -
Dividend on Equity (%) 1.3 1.5 1.7 1.7 -
ROE (%) 6.6 6.4 6.2 6.7 -
Recurring Income to Total Assets (%) 5.8 5.5 6.2 6.5 -

* Shareholders' equity is computed by subtracting stock acquisition rights and minority interests from net assets.

* D/E ratio = (Loans + Bonds) / Shareholders' equity

Cash Flows

Unit : millions of yen

  2005.3
Actual		 2006.3
Actual		 2007.3
Actual		 2008.3
Actual		 2009.3
Forecast
Cash Flows From Operating Activities 20,405 20,646 24,663 26,118 -
Cash Flows From Investing Activities (31,224) (17,270) (27,634) (19,578) -
Cash Flows From Financing Activities 4,456 11,240 (9,549) 4,712 -
Term-end Cash and Cash Equivalents 18,815 35,642 23,474 32,984 -
Free Cash Flows 6,562 4,090 5,848 6,257 -

* Free cash flows = Cash flows from operating activities Acquisition of property, plant, equipment and intangible assets

Per Share Value Indicators

Unit : yen

  2005.3
Actual		 2006.3
Actual		 2007.3
Actual		 2008.3
Actual		 2009.3
Forecast
Shareholders' Equity per Share 760.33 870.82 906.84 864.01 -
Net Income per Share 48.16 51.80 55.49 59.16 51.20
Diluted Net Income per Share - 51.79 55.45 59.12 -
Free Cash Flows per Share 33.67 21.12 30.22 32.33 -
Share Price as of Term-end 1,075 1,324 1,510 1,225 -
PER (Times) 22.3 25.6 27.2 20.7 -


Other Information

Unit : millions of yen

  2005.3
Actual		 2006.3
Actual		 2007.3
Actual		 2008.3
Actual		 2009.3
Forecast
Interest-bearing Debt 54,853 69,396 70,616 78,716 -
Capital Expenditures 13,663 17,156 17,064 21,304 17,600
(For Property, Plant and Equipment) 12,355 15,964 16,425 20,765 17,000
Depreciation and Amortization 13,622 14,223 16,290 17,660 17,400
(On Property, Plant and Equipment) 12,092 12,506 14,235 15,532 15,100
R&D Costs 3,453 3,439 3,783 3,754 -
Net Financial Income (Loss) 229 191 175 228 -
Average Term Exchange Rate (yen/US$) 108.00 113.42 117.00 114.13 100.00
No. of Employees (people) 6,350 6,422 7,065 7,348 -
No.of Shares Issued and Outstanding at Term-end (Thousand) 193,692 193,589 193,553 193,502 -

* Interest-bearing debt refers to all liabilities on the consolidated balance sheet on which interest is paid.

* Net financial income = Interest and dividend income Interest expense

* No. of shares issued and outstanding at term-end is computed by subtracting shareholders' equity.

* Depreciation and Amortization do not include the amortization of goodwill.

As for the data before 2005.3 actual, you can see our factbook  " Financial Data ".

Page Top