Investor Relations

Financial Statements

Consolidated balance sheet

(million yen)
Assets		March 2009	March 2010	March 2011
Current assets		27,361	24,092	25,421
	Cash and deposits	3,673	3,787	4,421
	Bills and accounts receivable	9,900	8,808	8,837
	Securities	118	0	0
	Inventories	12,053	10,606	10,935
	Other current assets	1,859	1,234	1,550
	Reserves for credit losses	-243	-344	-322
Fixed assets		13,496	13,046	12,038
	Tangible fixed assets	8,659	8,344	7,807
	Intangible fixed assets	3,575	3,435	3,031
	Investments etc.	1,260	1,266	1,198
Total assets		40,858	37,138	37,460

(million yen)
Liabilities	March 2009	March 2010	March 2011
Current liabilities	22,953	21,152	21,162
Fixed liabilities	3,769	3,875	4,049
Total liabilities	26,722	25,027	25,211

Net assets
Owner's equity	15,821	13,585	14,123
Common stock	6,371	6,372	6,372
Capital surplus	6,387	6,388	6,388
Retained earnings	4,628	2,390	2,928
Less-cost of treasury stock	-1,565	-1,565	-1,565
Valuation and translation adjustments	-1,708	-1,513	-1,907
Minority interests	22	38	32
Total net assets	14,135	12,110	12,248
Total liabilities and assets	40,858	37,138	37,460

Consolidated profit and loss statement

(million yen)
	March 2009	March 2010	March 2011
Sales	32,181	28,651	30,669
Cost of sales	16,781	16,445	16,649
Gross profit	15,400	12,206	14,019
Distribution and administrative expenses	15,548	13,528	13,464
Operating profit	-147	-1,321	554
Non-operating income	174	517	128
Non-operating expenses	1,793	551	388
Ordinary profit	-1,767	-1,355	294
Exceptional profits	6	2	71
Exceptional losses	25	49	47
Net profit before tax	-1,786	-1,402	318
Corporation tax, etc.	54	253	271
Adjustment for corporation tax, etc.	414	569	-508
Investment profit/loss on equity method	7	11	8
Net profit	-2,263	-2,237	537

Consolidated cash flow

(million yen)
	March 2009	March 2010	March 2011
Cash flow from operating activities	2,216	2,107	1,110
Cash flow from investing activities	-3,566	-1,234	-682
Cash flow from financing activities	1,560	-942	391
Effect of exchange rate changes on cash and cash equivalents	-353	17	-112
Increase in cash and cash equivalents	-142	-51	707
Cash and cash equibalents at beginning of year	3,041	2,898	2,846
Cash and cash equivalents at end of year	2,898	2,846	3,553

[Notes:]

The statements on this website with respect to the Company's current plans, strategies and decisions are forward-looking statements. Such forward-looking statements are based on management's assumptions and decisions in light of the information currently available to it. Since these forward-looking statements involve risks and uncertainties, actual results could differ materially from these. Therefore you should not place undue reliance on them.

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