Third Quarter of FY2012.3 Performance Outline February 2, 2012 (billions of yen) Nine Months Results Ended Dec. 31, 2011 Nine Months Results Ended Dec. 31, 2010 Previous Projections FY2011.3 FY2012.3 FY2011.3 101.1 270.6 285.4 Three Months Results Three Months Results Ended Dec. 31, 2011 Ended Dec. 31, 2010 FY2012.3 (Full Year) Projections Results (Full Year) (Previous Year) FY2012.3 FY2012.3 FY2011.3 369.0 354.0 373.9 (announced on Dec. 19, 2011) Net Sales 94.0 Japan Sales 41.1 (43.7%) 45.5 (45.0%) 124.1 (45.9%) 134.3 (47.1%) 173.5 (47.0%) 166.6 (47.1%) 179.6 (48.0%) Overseas Sales 52.9 (56.3%) 55.6 (55.0%) 146.5 (54.1%) 151.1 (52.9%) 195.5 (53.0%) 187.4 (52.9%) 194.3 (52.0%) Operating Income 4.7 (5.0%) 7.1 (7.0%) 11.0 (4.1%) 16.3 (5.7%) 12.5 (3.4%) 7.5 (2.1%) 13.2 (3.5%) Ordinary Income 4.1 (4.4%) 6.0 (5.9%) 9.5 (3.5%) 14.3 (5.0%) 10.5 (2.8%) 6.0 (1.7%) 11.0 (2.9%) 4.9 (4.9%) 2.7 (1.0%) 10.0 (3.5%) 4.0 (1.1%) 5.1 (1.4%) -0.1 Net Income Currency Exchange Rate (Settlement Rate) (=yen) - 0 - 77/US$ 83/US$ 79/US$ 87/US$ 80/US$ 78/US$ 112/EUR 111/EUR 114/EUR 116/EUR 113/EUR 112/EUR 115/EUR (*4) 86/US$ ROE (*1) -0.2% 7.9% 1.6% 5.4% 1.7% 0% 2.1% ROA (*2) -0.1% 5.0% 1.0% 3.4% 1.0% 0% 1.3% -0.5 yen 25.1 yen 14.1 yen 50.7 yen 20.7 yen 0 yen 25.9 yen Earnings per share 2.5 1.9 (3.0) (3.2) 5.6 5.6 Operating Activities 0.7 7.9 Investing Activities -1.7 -1.0 ‐ Capital Expenditure (Depreciation) R&D Expenditure 7.7 7.4 14.0 13.0 10.4 (8.7) (9.4) (12.3) (12.0) (12.8) 16.4 16.6 21.6 22.3 22.4 -1.1 5.7 20.5 13.2 22.6 0.3 -6.2 -8.4 -10.4 -9.6 -9.7 8.3 ‐ -7.3 -2.7 10.1 3.6 12.9 75.3 71.4 70.9 73.5 71.7 Cash Flows Total Inventories at period-end Number of Employees Japan ‐ ‐ 9,204 9,470 9,200 9,200 9,315 Overseas ‐ ‐ 19,042 17,140 19,200 19,100 17,501 ‐ ‐ 28,246 26,610 28,400 28,300 26,816 Total (*3) （Changes from the changes in the scope of consolidation） (0) (0) (0) (0) (0) Sales by Business Segment Musical Instruments 67.1 (71.4%) 70.8 (70.1%) 199.5 (73.7%) 205.9 (72.1%) 272.0 (73.7%) 263.0 (74.3%) AV/IT 17.1 (18.2%) 19.1 (18.9%) 42.1 (15.6%) 44.5 (15.6%) 54.5 (14.8%) 52.5 (14.8%) 271.1 Electronic Devices 3.8 (4.0%) 5.2 (5.2%) 11.9 (4.4%) 15.5 (5.4%) 20.0 (5.4%) 16.5 (4.7%) 57.0 20.6 Others 6.0 (6.4%) 5.9 (5.8%) 17.1 (6.3%) 19.5 (6.9%) 22.5 (6.1%) 22.0 (6.2%) 25.1 (72.5%) (15.3%) (5.5%) (6.7%) Operating Income by Business Segment Musical Instruments 3.2 4.3 7.8 10.7 11.0 7.5 8.6 AV/IT 1.9 2.3 3.8 2.9 2.0 2.5 -0.6 0.1 -1.3 1.1 -1.0 -3.0 2.5 0.5 0.2 0.4 0.7 1.7 0.5 0.5 1.5 61.1 61.8 186.0 194.9 Electronic Devices Others Non-Consolidated Basis Net Sales Operating Income 0.0 Ordinary Income 0.2 Net Income -2.5 (0.3%) - 248.3 1.0 (1.7%) 0.5 (0.3%) 4.8 (2.5%) 0.1 (0.0%) 1.6 (2.5%) 4.1 (2.2%) 10.4 (5.3%) 7.9 (3.2%) 0.9 (1.5%) 0.6 (0.3%) 7.7 (3.9%) 3.9 (1.6%) ＊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 period + Average number of temporary staff during the period ＊4 4Q Currency exchange rates US$=75JPY EUR=105JPY 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.