FY2015.3 Performance Outline April 30, 2015 (billions of yen) Net Sales Japan Sales Overseas Sales Operating Income Ordinary Income Net Income Currency Exchange Rate (Settlement Rate) (=yen) ROE ROA Earnings per Share Capital Expenditure (Depreciation) R&D Expenditure Results Projections (Previous Year) (announced on Feb. 4, 2015) Results Projections (Full Year) FY2015.3 FY2014.3 FY2015.3 410.3 430.0 432.2 167.9 (40.9%) 159.6 (37.1%) 160.4 (37.1%) 242.4 (59.1%) 270.4 (62.9%) 271.8 (62.9%) 26.0 (6.3%) 30.0 (7.0%) 30.1 (7.0%) 26.1 (6.4%) 30.0 (7.0%) 31.2 (7.2%) 22.9 (5.6%) 21.0 (4.9%) 24.9 (5.8%) 100/US$ 108/US$ 109/US$ 129/EUR 140/EUR 141/EUR 9.2% 7.1% 8.1% 5.5% 4.5% 5.1% 118.3 yen 108.5 yen 128.8 yen 10.8 13.6 13.8 (12.8) (12.7) (12.6) 22.6 25.5 25.4 FY2016.3 435.0 147.1 (33.8%) 287.9 (66.2%) 34.0 (7.8%) 33.0 (7.6%) 25.5 (5.9%) 120/US$ 130/EUR 7.2% 4.8% 131.7 yen 13.8 (13.7) 24.8 Cash Flows Operating Activities Investing Activities Total Inventories at End of Period 33.2 -23.0 10.3 82.7 31.5 -12.5 19.0 87.9 31.7 -11.7 20.0 87.8 38.5 -14.0 24.5 87.1 6,830 13,021 19,851 6,600 13,500 20,100 6,541 13,426 19,967 6,300 14,400 20,700 (257) (25) 7,860 7,400 Number of Employees Japan Overseas Total (*1) （Changes from the changes in the scope of consolidation） Temporary Staff (average during the period) (46) (270) 7,863 7,700 Sales by Business Segment Musical Instruments Audio Equipment Electronic Devices Others 262.3 105.5 18.8 23.7 (63.9%) (25.7%) (4.6%) (5.8%) 281.0 111.5 13.5 24.0 (65.4%) (25.9%) (3.1%) (5.6%) 281.7 112.8 13.4 24.2 (65.2%) (26.1%) (3.1%) (5.6%) 280.0 117.5 13.0 24.5 (64.4%) (27.0%) (3.0%) (5.6%) Operating Income by Business Segment Musical Instruments Audio Equipment Electronic Devices Others 19.7 5.9 0.8 -0.4 26.5 5.5 -2.0 0 25.1 6.1 -1.4 0.4 26.5 6.5 0.5 0.5 Non-Consolidated Basis Net Sales Operating Income Ordinary Income Net Income 223.7 8.1 15.5 17.7 (3.6%) (6.9%) (7.9%) 233.7 10.5 24.5 25.3 (4.5%) (10.5%) (10.8%) ＊1 Number of employees = Number of full-time staff at end of the period Consolidated financial forecasts were prepared based on information available at the time of the announcement and do not represent promises by the Company or its management that these performance figures will be attained. Actual consolidated results may differ from forecasts owing to a wide range of factors.