Second Quarter of FY2016.3 Performance Outline October 30, 2015 (billions of yen) Net Sales Japan Sales Overseas Sales Operating Income Ordinary Income Net Income (*1) Currency Exchange Rate (Settlement Rate) (=yen) ROE (*2) ROA (*3) Earnings per Share Capital Expenditures (Depreciation Expenses) R&D Expenses Cash Flows Operating Activities Investing Activities Total Inventories at End of Period Number of Employees Japan Overseas Total (*4) （Changes from the changes in the scope of consolidation） Temporary Staff (average during the period) Six Months Results Six Months Results Ended Sept. 30, 2014 Ended Sept. 30, 2015 Results Projections (Previous Year) (Full Year) Initial Projections (Full Year) (announced on July 30, 2015) FY2015.3 FY2016.3 FY2016.3 FY2015.3 FY2016.3 206.4 217.5 432.2 437.0 437.0 78.5 (38.0%) 73.1 (33.6%) 160.4 (37.1%) 144.9 (33.2%) 146.2 (33.5%) 127.9 (62.0%) 144.3 (66.4%) 271.8 (62.9%) 292.1 (66.8%) 290.8 (66.5%) 15.1 (7.3%) 21.2 (9.8%) 30.1 (7.0%) 37.0 (8.5%) 35.0 (8.0%) 15.1 (7.3%) 22.2 (10.2%) 31.2 (7.2%) 37.5 (8.6%) 35.0 (8.0%) 10.8 (5.2%) 17.4 (8.0%) 24.9 (5.8%) 29.0 (6.6%) 27.0 (6.2%) (*5) 103/US$ 122/US$ 109/US$ 121/US$ 120/US$ 140/EUR 134/EUR 141/EUR 132/EUR 131/EUR 7.6% 10.2% 8.1% 8.3% 7.7% 4.6% 6.6% 5.1% 5.5% 5.1% 55.7 yen 89.9 yen 128.8 yen 149.8 yen 139.5 yen 6.7 4.8 13.8 13.8 13.8 (5.9) (6.1) (12.6) (12.9) (13.6) 12.1 12.2 25.4 25.5 25.1 6.5 -7.1 -0.6 94.7 8.2 -5.9 2.3 99.3 31.7 -11.7 20.0 87.8 39.5 -12.0 27.5 90.3 38.0 -13.5 24.5 90.1 6,719 13,438 20,157 6,480 13,822 20,302 6,541 13,426 19,967 6,200 14,300 20,500 6,300 14,100 20,400 (257) (-100) (-100) 7,860 7,700 7,600 (266) (23) 7,772 8,227 Sales by Business Segment Musical Instruments Audio Equipment Electronic Devices Others Operating Income by Business Segment Musical Instruments Audio Equipment Electronic Devices Others 136.1 50.8 7.5 12.0 (65.9%) (24.6%) (3.7%) (5.8%) 14.1 2.0 -0.9 -0.1 143.2 54.5 7.9 11.9 (65.8%) (25.0%) (3.7%) (5.5%) 281.7 112.8 13.4 24.2 (65.2%) (26.1%) (3.1%) (5.6%) 25.1 6.1 -1.4 0.4 16.7 3.5 0.7 0.3 281.5 118.5 13.0 24.0 28.5 7.5 0.5 0.5 (64.4%) (27.1%) (3.0%) (5.5%) 281.5 118.0 13.0 24.5 27.5 6.5 0.5 0.5 Non-Consolidated Basis Net Sales Operating Income Ordinary Income Net Income 125.8 7.6 14.5 13.8 (6.0%) (11.5%) (10.9%) 123.0 8.8 20.4 18.9 (7.2%) (16.6%) (15.4%) 233.7 10.5 24.5 25.3 (4.5%) (10.5%) (10.8%) ＊1 Net income is presented as net income attributable to owners of parent on the consolidate financial statements. ＊2, 3 The ROE and ROA for the interim period are calculated on an annually adjusted basis. ＊4 Number of Employees = Number of full-time staff at end of the period ＊5 2H Currency Exchange Rates US$=120JPY EUR=130JPY 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. (64.4%) (27.0%) (3.0%) (5.6%)