Second Quarter of FY2013.3 Performance Outline October 31, 2012 (billions of yen) Six Months Initial Projections Six Months Results Six Months Results Ended Sept. 30, 2012 Ended Sept. 30, 2011 Initial Projections Projections Results (Previous Year) (Full Year) (announced on July 31, 2012 (Full Year) (Previous Year) (announced on July. 31, 2012) Net Sales Japan Sales Overseas Sales Operating Income Ordinary Income Net Income Currency Exchange Rate (Settlement Rate) (=yen) ROE (*1) ROA (*2) Earnings per Share Capital Expenditure (Depreciation) R&D Expenditure FY2013.3 FY2013.3 FY2012.3 FY2013.3 FY2013.3 FY2012.3 182.5 176.8 176.6 375.0 367.5 356.6 85.6 (46.9%) 84.4 (47.8%) 83.0 (47.0%) 173.3 (46.2%) 171.6 (46.7%) 167.1 (46.9%) 96.9 (53.1%) 92.4 (52.2%) 93.6 (53.0%) 201.7 (53.8%) 195.9 (53.3%) 189.5 (53.1%) 8.5 (4.7%) 6.8 (3.9%) 6.3 (3.6%) 14.5 (3.9%) 11.0 (3.0%) 8.1 (2.3%) 7.5 (4.1%) 6.1 (3.5%) 5.3 (3.0%) 13.0 (3.5%) 9.0 (2.4%) 7.3 (2.0%) 6.0 (3.3%) 3.3 (1.9%) 2.8 (1.6%) 7.5 (2.0%) 3.5 (1.0%) -29.4 79/US$ 80/US$ 80/US$ 78/US$ 78/US$ (*4) 79/US$ 103/EUR 105/EUR 115/EUR 101/EUR 103/EUR 112/EUR 6.1% 3.4% 2.4% 3.8% 1.8% -13.2% 3.3% 1.9% 1.5% 2.1% 1.0% -7.8% 31.0 yen 17.3 yen 14.6 yen 38.7 yen 18.1 yen -151.7 yen 7.9 5.8 5.1 15.7 15.3 11.3 (5.5) (5.4) (5.7) (12.1) (11.8) (12.0) 11.4 11.0 10.8 23.3 22.5 22.8 Cash Flows Operating Activities Investing Activities Total Inventories at End of Period -1.7 -6.8 -8.5 80.9 -4.6 -5.8 -10.5 83.7 -1.7 -4.5 -6.3 75.3 19.7 -14.3 5.4 70.9 16.1 -12.6 3.5 69.5 10.9 -9.0 1.9 77.1 7,600 12,600 20,200 7,538 12,551 20,089 7,647 12,198 19,845 7,500 12,800 20,300 7,300 12,800 20,100 7,443 12,251 19,694 Number of Employees Japan Overseas Total (*3) （Changes from the changes in the scope of consolidation） Temporary Staff (average during the period) (170) (169) (0) (170) (170) (0) 9,300 8,598 8,697 8,300 8,200 8,497 Sales by Business Segment Musical Instruments AV/IT Electronic Devices Others Operating Income by Business Segment Musical Instruments AV/IT Electronic Devices Others 136.5 25.5 8.0 12.5 7.5 1.5 -1.0 0.5 (74.8%) (14.0%) (4.4%) (6.8%) 131.8 24.7 7.9 12.4 (74.5%) (14.0%) (4.5%) (7.0%) 5.5 1.5 -0.9 0.7 132.4 25.0 8.1 11.1 (74.9%) (14.2%) (4.6%) (6.3%) 278.0 55.0 17.0 25.0 13.0 3.0 -2.0 0.5 4.6 1.8 -0.7 0.6 (74.1%) (14.7%) (4.5%) (6.7%) 270.5 55.0 17.0 25.0 9.5 3.0 -2.0 0.5 (73.6%) (15.0%) (4.6%) (6.8%) 265.1 53.2 16.2 22.1 (74.3%) (14.9%) (4.6%) (6.2%) 7.7 2.9 -2.9 0.4 Non-Consolidated Basis Net Sales Operating Income Ordinary Income Net Income 124.7 1.9 5.7 4.8 (1.5%) (4.5%) (3.9%) 124.9 0.5 3.9 3.1 (0.4%) (3.2%) (2.5%) 239.3 -4.3 0.6 -30.4 (0.3%) - ＊1, 2 The ROE and ROA for the interim period are calculated on an annually adjusted basis. ＊3 Number of Employees = Number of full-time staff at end of the period ＊4 2H Currency Exchange Rates US$=77JPY EUR=100JPY 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.