Balance Sheets(Full Year)

Overview

Click here for last 3 quarter periods(Second Quarter FY 2006～Second Quarter FY 2008)

Consolidated Balance Sheets for the Fiscal Year ended March 2009
(April 1,2008～March 31,2009)

Assets

(Unit: millions of yen)

			FY 2006	FY 2007	FY 2008	(Y/Y,%)
Assets
I.Current assets			96,806	94,817	89,016	-6.1
	Cash and deposits		12,383	11,312	10,243
	Notes and accounts receivable-trade		43,317	40,100	42,217
	Marketable securities		2,409	5,526	5,892
	Inventories		10,477	11,640	7,437
	Deferred tax assets		2,078	2,008	1,801
	Money deposited		23,386	23,675	21,000
	Other		2,802	565	441
	Allowance for doubtful accounts		-49	-12	-17
II.Fixed assets			21,596	19,443	20,942	7.7
	Property,plant and equipment		3,081	3,016	2,800	-7.2
		Buildings and structures	1,338	1,246	1,125
		Tools, furniture and fixtures	596	598	546
		Land	1,083	1,083	1,083
		Construction in progress	62	86	44
	Intangible fixed assets		1,362	1,099	959	-12.7
		Software	1,198	936	797
		Other	163	163	162
	Investments and other assets		17,153	15,327	17,182	12.1
		Investment securities	10,993	8,875	9,926
		Deferred tax assets	4,443	4,890	5,495
		Other	2,235	2,045	2,210
		Allowancefor doubtful accounts	-518	-484	-449
Total assets			118,403	114,260	109,959	-3.8

Liabilities and Shareholder's Equity

(Unit: millions of yen)

		FY 2006	FY 2007	FY 2008	(Y/Y,%)
Liabilities
I.Current liabilities		45,573	40,484	34,731	-14.2
	Notes and accounts payable-trade	35,543	30,660	25,042
	Income taxes payable	1,688	1,478	1,577
	Other	8,342	8,345	8,112
II.Long-term liabilities		11,465	11,516	12,521	8.7
	Accrued employee retirement benefits	11,250	11,235	12,092
	Retirement allowances to directors and auditors	215	281	262
	Other	-	-	166
Total liabilities		57,039	52,000	47,253	-9.1

Net Assets

(Unit: millions of yen)

		FY 2006	FY 2007	FY 2008	(Y/Y,%)
Net Assets
I.Shareholder's Equity		61,147	62,549	63,370	1.3
	Capital stock	12,220	12,220	12,220
	Capital surplus	11,811	11,811	11,811
	Retained earnings	37,122	38,525	39,745
	Treasury stock	-6	-7	-406
II.Valuation and translation adjustments		216	-289	-665	-
	Net unrealized gains (losses) on available-for-sale securities	216	-289	-665
Total Valuation and translation adjustments		61,363	62,259	62,705	0.7
Total liabilities and net assets		118,403	114,260	109,959	-3.8

Overview

1. 【Assets】

   Total assets contracted by ¥4,301 million from the end of the previous consolidated fiscal year to ¥109,959 million (a decrease of 3.8%). Trade notes and accounts receivable increased by ¥2,116 million, meanwhile, while inventories slipped by ¥4,202 million. The growth in trade notes and accounts receivable was attributable to our decision not to secure funding through the sale of receivables in the fourth quarter. The downturn in inventories, meanwhile, resulted from a decline in orders received as well as from efforts to enhance efficiency.

2. 【Liabilities】

   Liabilities declined by ¥4,747 million from the previous fiscal year to ¥47,253 million (a decrease of 9.1%). Trade notes and accounts payable decreased by ¥5,618 million due to reduced expenditures for equipment purchases and for subcontracting of software development in the fourth quarter.

3. 【Net assets】

   Net assets rose by ¥445 million from the previous fiscal year to ¥62,705 million (an increase of 0.7%). Retained earnings grew by ¥1,720 million due to the recording of current net income but ended the year ¥500 million below the year-before level after dividend payments. Treasury stock holdings expanded by ¥398 million (reducing net assets) as a result of market purchasing. The difference in the valuation of marketable securities contracted by ¥375 million due to a falloff in the prices of marketable securities.