Investor Relations

Trends of Financial Data

Consolidated Balance Sheet

Assets (¥ Million)
  '96/3 '97/3 '98/3 '99/3 '00/3 '01/3 '02/3 '03/3 '04/3
Total current assets 282,749 299,795 345,044 341,075 407,523 449,683 445,094 519,996 530,121

Cash and time
deposits
149,604 145,237 161,990 147,116 171,892 185,106 231,109 310,054 307,319
Notes and accounts receivable-trade 79,432 78,758 81,255 78,178 95,548 98,784 85,461 84,350 92,508
Securities 2,083 26,429 39,627 59,531 71,673 76,003 46,908 47,960 38,681
Inventories 41,842 38,747 46,390 44,624 52,713 65,122 47,713 52,487 61,493
Prepaid pension cost - 748 736 - - 4,093 4,900 4,752 4,356
Deferred tax assets 5,046 3,739 3,916 3,408 10,021 14,315 11,333 14,159 12,425
Refundable income taxes - - - - - - 12,403 - 3,560
Other 5,554 7,101 11,986 8,871 6,244 6,761 6,243 6,820 10,279
Allowance for doubtful
notes and accounts
(813) (966) (858) (655) (570) (505) (978) (590) (502)
Fixed Assets 172,448 179,267 188,100 196,150 213,889 314,811 295,532 285,696 316,678

Total tangible fixed assets 151,639 150,301 160,635 163,210 180,961 249,832 238,331 216,201 217,627

Buildings and structures 93,473 95,577 105,698 108,967 115,096 123,029 142,649 146,664 150,281
Machinery, equipment and vehicles 179,092 189,080 206,250 224,230 241,324 295,905 314,052 314,428 328,069
Tools and furniture 22,135 23,225 24,268 26,617 24,182 24,786 25,482 25,584 27,691
Land 27,350 27,706 30,410 36,549 46,178 51,628 52,692 52,537 53,968
Construction in progress 9,040 14,563 11,055 12,143 17,719 46,108 23,506 17,779 23,592
Accumulated depreciation (179,452) (199,852) (217,049) (245,296) (263,540) (291,626) (320,051) (340,792) (365,976)
Intangible fixed assets 454 475 525 441 695 1,965 2,355 2,871 2,871

Investments and other assets 20,355 28,491 26,940 32,497 32,232 63,013 54,845 66,623 96,419

Investment securities 12,148 15,421 17,073 21,272 23,519 53,483 44,290 57,355 89,084
Deferred tax assets 1,120 3,257 4,978 4,744 5,152 6,196 7,866 6,966 5,794
Other 7,100 9,823 4,911 6,551 3,786 3,673 3,029 2,691 1,835
Allowance for doubtful accounts (13) (10) (23) (71) (225) (339) (341) (389) (294)
Exchange adjustments 4,145 - 678 13,206 26,922 - - - -

Total assets 459,343 479,063 533,824 550,431 648,335 764,494 740,627 805,692 846,799

'05/3 to '12/3

Liabilities (¥ Million)
  '96/3 '97/3 '98/3 '99/3 '00/3 '01/3 '02/3 '03/3 '04/3
Current liabilities 114,206 103,520 107,399 80,140 98,477 136,765 58,579 83,681 88,319

Notes and trade
accounts payable-trade
23,881 18,932 20,945 17,979 24,224 22,760 17,390 17,866 23,431
Short-term bank loans 15,199 2,805 1,016 - - - - - -
Other accounts payable 19,797 21,668 28,906 26,255 27,469 58,478 19,025 22,975 42,213
Accrued income taxes 26,914 26,402 36,751 20,958 31,860 36,786 7,841 28,732 10,400
Deferred tax liabilities - - - - 207 1,088 1,620 747 381
Other 28,413 33,711 19,777 14,945 14,715 17,651 12,700 13,359 11,892
Long-term liabilities 34,497 13,497 6,299 6,246 27,198 35,377 42,552 45,190 42,246

Bonds 5,350 5,350 1,400 - - - - - -
Convertible bonds 6,425 4,792 2,352 1,172 678 579 - - -
Deferred tax liabilities - - - - 11,107 18,703 24,610 26,253 32,857
Long-term bank loans 4,273 2,117 1,312 - - - - - -
Liability for retirement benefits 1,238 1,216 723 746 11,290 14,131 15,431 16,801 7,404
Allowance for directors' retirement benefits - - 507 962 1,431 1,963 2,510 2,135 1,983
Consolidation adjustments - - - 3,364 2,691 - - - -
Other 132 21 4 1 - - - - -
Exchange adjustments - 5,741 - - - - - - -
Total liabilities 148,704 122,759 113,698 86,386 125,676 172,143 101,131 128,871 130,566

Minority interests 18,390 17,763 18,264 11,084 12,942 942 285 244 294

'05/3 to '12/3

Net Assets (¥ Million)
  '96/3 '97/3 '98/3 '99/3 '00/3 '01/3 '02/3 '03/3 '04/3
Shareholders' equity - - - - - - - - -

@Common stock - - - - - - - - -

@Capital surplus - - - - - - - - -

@Retained earnings - - - - - - - - -

@Treasury stock-at cost - - - - - - - - -

Unrealized or
translated gain/loss
- - - - - - - - -

@Net unrealized gain on available-for-sale securities - - - - - - - - -

@Foreign currency translation adjustments - - - - - - - - -

Minority interests - - - - - - - - -

Total net assets - - - - - - - - -

Total of liabilities and
net asset
- - - - - - - - -

'05/3 to '12/3

Shareholders' Equity (¥ Million)
  '96/3 '97/3 '98/3 '99/3 '00/3 '01/3 '02/3 '03/3 '04/3
Common stock 81,477 83,424 85,764 86,354 86,601 86,687 86,802 86,969 86,969

Capital surplus 82,363 84,339 86,677 87,267 87,514 102,121 102,236 102,403 102,403

Retained earnings 128,540 171,012 229,609 279,488 335,682 419,179 455,743 506,100 566,749

Net unrealized gain on available-for-sales securities - - - - - 788 996 709 2,673

Foreign currency translation adjustments - - - - - (17,348) (6,527) (19,362) (42,556)

Treasury stock (103) (235) (190) (150) (80) (18) (41) (243) (301)

Total shareholders' equity 292,248 338,540 401,860 452,960 509,717 591,408 639,210 676,577 715,938

Total liabilities,
minority interests and
shareholders' equity
459,343 479,063 533,824 550,431 648,335 764,494 740,627 805,692 846,799

'05/3 to '12/3