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Financial Highlights (Quarter period)
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1Q of FY03/2011

Financial Chart (Consolidated)

   
 1Q2Q3Q4Q
Sales5801,0441,4781,916
Operating income-61-104-142-173
Ordinary income-45-53-65-82
Net income-39-78-96-111
 1QFCST
Sales4371,857
Operating income-67-78
Ordinary income-3852
Net income-4052
   
 


Financial Statements (Consolidated)

Quarterly Consolidated BS
(\ thousand)
Current 1Q period
(As of Jun 30, 2010) 		Previous year
(As of Mar 31, 2010)
  Assets
    Current assets
      Cash and deposits 303,734 147,104
      Notes and accounts receivable-trade 226,878 225,301
      Other 62,144 85,505
      Allowance for doubtful accounts -142 -141
      Total current assets 592,614 457,770
    Noncurrent assets
      Property, plant and equipment 7,815 8,131
      Intangible assets 8,494 9,100
      Investments and other assets
        Lease and guarantee deposits 70,785 71,377
        Other 18,005 18,391
        Total investments and other assets 88,791 89,769
      Total noncurrent assets 105,101 107,000
    Total assets 697,716 564,771
  Liabilities
    Current liabilities
      Short-term loans payable 95,000 25,336
      Accrued expenses 88,792 20,122
      Income taxes payable 1,443 6,917
      Provision for bonuses 39,512 66,334
      Other 64,979 49,337
      Total current liabilities 289,728 168,047
    Noncurrent liabilities
      Provision for retirement benefits 68,602 66,865
      Total noncurrent liabilities 68,602 66,865
    Total liabilities 358,330 234,913
  Net assets
    Shareholders' equity
      Capital stock 255,357 230,441
      Capital surplus 254,755 229,839
      Retained earnings -169,552 -122,255
      Treasury stock -659 -659
      Total shareholders' equity 339,900 337,366
    Valuation and translation adjustments
      Valuation difference on available-for-sale securities -514 -375
      Foreign currency translation adjustment - -7,132
      Total valuation and translation adjustments -514 -7,508
    Total net assets 339,386 329,858
  Total liabilities and net assets 697,716 564,771
Quarterly Consolidated P/L (YTD)
(\ thousand)

(From Apr 1, 2009
To Jun 30, 2009) 		Current 1Q period (YTD)
(From Apr 1, 2010
To Jun 30, 2010)
  Net sales 580,755 437,581
  Cost of sales 455,956 346,237
  Gross profit 124,799 91,343
  Selling, general and administrative expenses 185,799 158,744
  Operating loss -61,000 -67,400
  Non-operating income
    Interest income 6 -
    Dividends income 41 32
    Subsidy income 14,485 28,849
    Other 1,545 544
    Total non-operating income 16,079 29,426
  Non-operating expenses
    Interest expenses 440 431
    Foreign exchange losses 628 -
    Stock issuance cost - 450
    Other 1 0
    Total non-operating expenses 1,069 882
  Ordinary loss -45,991 -38,856
  Extraordinary income
    Enterprise tax refund amount of a tax 20,768 -
    Other 391 -
    Total extraordinary income 21,160 -
  Extraordinary loss
    Loss on valuation of investment securities - 244
    Office unification and reorganization 4,315 -
    Special retirement expenses 12,400 -
    Total extraordinary losses 16,715 244
  Loss before income taxes and minority interests -41,546 -39,100
  Income taxes-current 2,579 1,511
  Refund of income taxes -4,951 -
  Total income taxes -2,372 1,511
  Net loss -39,174 -40,612
Quarterly Consolidated CF
(\ thousand)

(From Apr 1, 2009
To Jun 30, 2009) 		Current 1Q period (YTD)
(From Apr 1, 2010
To Jun 30, 2010)
  Net cash provided by (used in) operating activities
    Loss before income taxes and minority interests -41,546 -39,100
    Depreciation and amortization 1,418 921
    Loss on valuation of investment securities - 244
    Interest and dividends income -48 -32
    Interest expenses 440 431
    Loss (gain) on sales of investment securities -112 -
    Increase (decrease) in provision for bonuses -40,293 -26,822
    Stock issuance cost - 450
    Decrease (increase) in notes and accounts receivable-trade 59,045 -1,577
    Increase (decrease) in provision for retirement benefits 4,679 1,736
    Increase (decrease) in accounts payable-other -10,433 705
    Increase (decrease) in accrued expenses 100,422 68,670
    Decrease (increase) in consumption taxes refund receivable - 31,536
    Increase (decrease) in accrued consumption taxes 10,067 17,606
    Increase (decrease) in deposits received -263 -2,172
    Other, net -14,318 -10,408
    Subtotal 69,057 42,188
    Interest and dividends income received 48 32
    Interest expenses paid -524 -553
    Income taxes paid -3,921 -5,342
    Income taxes refund 4,951 -
    Net cash provided by (used in) operating activities 69,610 36,326
  Net cash provided by (used in) investing activities
    Proceeds from sales of property, plant and equipment 352 -
    Purchase of intangible assets -1,904 -
    Proceeds from sales of investment securities 165 -
    Proceeds from liquidation of subsidiaries - 666
    Payments for lease and guarantee deposits -751 -66
    Proceeds from collection of lease and guarantee deposits 5,275 658
    Net cash provided by (used in) investing activities 3,138 1,258
  Net cash provided by (used in) financing activities
    Net increase (decrease) in short-term loans payable -9,089 69,664
    Cash dividends paid -14 -1
    Proceeds from issuance of common stock - 49,381
    Net cash provided by (used in) financing activities -9,103 119,044
  Effect of exchange rate change on cash and cash equivalents 965 -
  Net increase (decrease) in cash and cash equivalents 64,610 156,629
  Cash and cash equivalents at beginning of period 263,660 147,104
  Cash and cash equivalents at end of period 328,270 303,734
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