FY2012.3 Performance Outline May 1, 2012 (billions of yen) Results Projections (Previous Year) (announced on Feb. 2, 2012) Results Projections Projections (Full Year) (Interim Period) Apr. 1, 2012-Sept. 30, 2012 FY2012.3 FY2011.3 FY2012.3 FY2013.3 FY2013.3 Net Sales 373.9 354.0 356.6 378.0 182.5 Japan Sales 179.6 (48.0%) 166.6 (47.1%) 167.1 (46.9%) 177.1 (46.9%) 87.1 (47.7%) Overseas Sales 194.3 (52.0%) 187.4 (52.9%) 189.5 (53.1%) 200.9 (53.1%) 95.4 (52.3%) Operating Income 13.2 (3.5%) 7.5 (2.1%) 8.1 (2.3%) 14.5 (3.8%) 8.0 (4.4%) Ordinary Income 11.0 (2.9%) 6.0 (1.7%) 7.3 (2.0%) 13.0 (3.4%) 7.0 (3.8%) Net Income 5.1 (1.4%) 0 -29.4 9.0 (2.4%) 5.5 (3.0%) 78/US$ 79/US$ 75/US$ 75/US$ Currency Exchange Rate 86/US$ (Settlement Rate) (=yen) 115/EUR 112/EUR 112/EUR 105/EUR 105/EUR ROE 2.1% 0% -13.2% 4.4% 5.4% (*1) ROA 1.3% 0% -7.8% 2.4% 2.9% (*2) Earnings per Share 25.9 yen 0 yen -151.7 yen 46.5 yen 28.4 yen Capital Expenditure 10.4 13.0 11.3 15.2 9.4 (Depreciation) (12.8) (12.0) (12.0) (12.7) (5.9) R&D Expenditure 22.4 22.3 22.8 22.4 11.3 Cash Flows Operating Activities Investing Activities Total Inventories at End of Period 22.6 -9.7 12.9 71.7 13.2 -9.6 3.6 73.5 10.9 -9.0 1.9 77.1 21.5 -16.7 4.8 71.5 -4.8 -9.9 -14.7 81.5 9,315 17,501 26,816 9,200 19,100 28,300 9,085 19,106 28,191 9,400 19,400 28,800 9,500 20,500 30,000 (0) (200) (200) Number of Employees Japan Overseas Total (*3) (Changes from the changes in the scope of consolidation) (0) (0) Sales by Business Segment Musical Instruments AV/IT Electronic Devices Others 271.1 57.0 20.6 25.1 (72.5%) (15.3%) (5.5%) (6.7%) 263.0 52.5 16.5 22.0 (74.3%) (14.8%) (4.7%) (6.2%) 265.1 53.2 16.2 22.1 (74.3%) (14.9%) (4.6%) (6.2%) 280.0 55.0 17.0 26.0 (74.0%) (14.6%) (4.5%) (6.9%) 137.0 25.0 7.5 13.0 (75.1%) (13.7%) (4.1%) (7.1%) Operating Income by Business Segment Musical Instruments AV/IT Electronic Devices Others 8.6 2.5 0.5 1.5 7.5 2.5 -3.0 0.5 7.7 2.9 -2.9 0.4 13.0 3.0 -2.0 0.5 7.0 1.5 -1.0 0.5 Non-Consolidated Basis Net Sales Operating Income Ordinary Income Net Income 248.3 0.1 7.9 3.9 (0.0%) (3.2%) (1.6%) 239.3 -4.3 0.6 -30.4 (0.3%) - ＊1, 2 The ROE and ROA are calculated on an annually adjusted basis. ＊3 Number of employees = Number of full-time staff at end of the period + Average number of temporary staff during the period The forward-looking statements in this document contain inherent risks and uncertainties insofar as they are based on future projections and plans that may differ materially from the actual results achieved.