Consolidated Results for
the year ended March 31, 2006
April 27, 2006
Ricoh Company, Ltd.
* The Company bases the estimates in this
presentation on information currently
available to management, which involves
risks and uncertainties that could cause
actual results to differ materially from those
projected.
April 27, 2006
1
1
I. FY06/3 Results
April 27, 2006
2
FY06/3 P/L : Comparison with FY05/3
Increase of Color MFP & LBP increased sales and profit.
FY05/3
(billions of Yen)
Net sales
(Japan)
(Overseas)
Total
Gross profit
Percentage of net sales
Operating income
Percentage of net sales
Income before income taxes
Percentage of net sales
Net income
Percentage of net sales
EPS (Yen)
Exchange rate
(Yen)
US $1
Euro 1
972.9
841.1
1,814.1
754.5
41.6%
135.5
7.5%
135.3
7.5%
83.1
4.6%
112.64
107.58
135.25
FY06/3
Latest('06/1)
Forecast
FY06/3
Results
990.0
972.0
920.0
943.0
1,910.0 1,915.0
802.0
799.6
42.0%
41.8%
153.0
152.0
8.0%
7.9%
157.5
156.1
8.2%
8.2%
97.0
97.0
5.1%
5.1%
132.10 132.33
111.52 113.26
136.44 137.86
Comparison
with latest
forecast
Comparison with last FY
Change
Change(%)
Excluding
Forex
impact
-17.9
-0.8
-0.1%
-0.1%
+23.0
+101.8
+12.1%
+8.2%
+5.0
+100.9
+5.6%
+3.8%
-2.3
+45.0
+6.0%
−
−
−
-0.9
+16.5
+12.2%
−
−
−
-1.3
+20.8
+15.4%
−
−
−
+0.0
+13.9
+16.7%
−
−
−
+0.23
+19.69
+1.74
+5.68
+1.42
+2.61
April 27, 2006
3
2
FY06/3 Sales : Comparison with FY05/3
Color MFP & Printer grew in all areas. PC & server decreased in Japan.
By Category (New)
(Billions of Yen)
By Area
(Billions of Yen)
Change(without forex)
1,814.1
Change(without forex)
1,915.0
Total +5.6%(+3.8%)
1,814.1
157.2
Other Businesses
-3.7%(-4.1%)
106.6
163.2
120.6
119.4
190.5
Industry Business
+1.0%(+0.0%)
199.1
1,446.6
Total +5.6%(+3.8%)
120.8
Others
+13.3%(+8.7%)
434.8
408.9
Europe
+6.3%(+4.3%)
387.4
325.5
1,332.2
1,915.0
The Americas
+19.0%(+13.0%)
Network System
Solution
-4.3%(-4.4%)
Imaging Solution
+8.6%(+6.3%)
Overseas
+12.1%(+8.2%)
972.9
972.0
Japan
-0.1%(-0.1%)
Office Solution
Business
+6.9%(+4.9%)
FY05/3
FY06/3
Overseas ratio
FY05/3
46.4%
FY06/3
49.2%
Sales category have been changed since FY06/3. Please see #22 of this material for old category’s results and details of change.
April 27, 2006
4
FY06/3 Strategy Executions
Released new products and executed company structure reform
based on 15th MTP
<Office >
Renewal of Color MFP Line-up
> New 30ppm & 25ppm Color MFP released in Japan
Enter High-end Production Printing Business
> New 135ppm MFP, 156ppm LBP released in Japan
imagio MP C1500
imagio MP C3000
Low-end Products Strengthening
> 6ppm Color MFP released in Japan
> All-in-one CLP released in Japan & Overseas
Solution Strengthening
> Collaboration with Oracle, CTC and PCA in Japan
> Security, Document & Printing management system
<Industry>
Positive Investment for Growth Areas
> Established Thermal media sub in China
IPSiO SP C210SF
( Aficio SP C210SF )
- Copier’s Color ratio
50%
40%
30%
<Management>
> Reorganization of domestic bases,
Integration of group companies in Japan and overseas,
Building of core operating system
imagio MP1350
20%
31%
22%
34%
31%
29%
13%
36%
32%
Overseas
17%
10%
0%
44%
Total
Japan
28%
6%
FY03/3
FY04/3
FY05/3
FY06/3
*by sales for machines of copier and multifunctional copiers
April 27, 2006
5
3
FY06/3: Comparison with FY05/3
Increase of value-added product and cost down activities increased profit.
Income before income tax
+8.1
(Billions of Yen)
+4.3 -8.4
-19.8
+5.7
- Changes of Gross Profit
+10.4
(Billions of Yen)
+8.3
Sales, etc
Cost down, etc
ODD business
Color strengthening
Others
Sub Total
Forex
Total
-0.1 +20.8
+12.3
R&D
Expenses
Others (Gross profit)
Other expenses
Forex (net)
Color strengthening
ODD business
Cost down, etc
Sales, etc
135.3
156.1
+ 12.3
+ 8.3
+ 10.4
+ 5.7
- 8.4
+ 28.2
+ 16.8
+ 45.0
- Changes of SG&A
(Billions of Yen)
FY05/3
R&D
Others
Forex
Total
FY06/3
- 0.1
+ 19.8
+ 8.7
+ 28.5
6
April 27, 2006
FY06/3 Business Segment
Office Solution : Increase of Color MFP & printer increased profit.
Industry : Measuring equipment & Optical unit business decreased profit.
Other : Going steady and increased profit.
Office Solution Business
1,600
Other Businesses
OP margin
OP margin
OP margin
OP margin
OP margin
OP margin
12.8%
12.4%
0.0%
-0.7%
-2.5%
3.9%
1,531.4
1,637.2
400
1,200
800
Industry Business
300
196.3
30
200
30
200
163.2
202.9
200
157.2
20
123.2
121.9
100
20
100
10
10
400
100
0
0
FY05/3
FY06/3
6.1
0
-0.9
0.0
FY05/3
0
FY06/3
Left bar: Sales (billions of yen)
Right bar: Operating income (billions of yen)
0
-4.1
FY05/3
0
FY06/3
Business segment have been
changed since FY06/3. Please see
#22 of this material for details.
April 27, 2006
7
4
FY06/3 Geographic Segment
Japan, Americas and Others : Value-added products increased margin.
Europe : Increase of strategic expenses decreased margin.
Japan
1,500
OP margin
OP margin
6.4%
7.0%
The Americas
1,411.8
1,386.7
300
OP margin
OP margin
4.2%
3.9%
393.3
200
1,000
330.4
99.2
88.0
500
40
300
100
15.2
13.8
FY05/3
Europe
0
0
0
OP margin
5.9%
4.9%
FY05/3
Others
FY06/3
OP margin
OP margin
6.8%
7.5%
438.7
415.6
400
300
Right bar:
Operating income
(billions of Yen)
0
FY06/3
OP margin
Left bar:
Sales
(billions of Yen)
20
24.3
40
300
21.4
200
0
15.0
11.9
0
FY05/3
200.2
173.9
0
20
0
FY06/3
FY05/3
FY06/3
8
April 27, 2006
Balance Sheet <as of March 31, 2006>
Assets
Current Assets
Cash & time deposits
Trade recievables
Marketable securities
Inventries
Other current assets
Fixed Assets
Tangible fixed assets
Finance recievable
Other investments
Liabilities and Shareholders’ Investment
As of
Difｆ. from
Mar 31, 2006 Mar 31, '05
+13.7
1,043.5
188.5
630.5
0.1
169.2
55.1
997.6
268.2
415.4
313.9
Current Liabilities
+0.2
Trade payables
+9.9
Short-term borrowings
+0.0
Other current liabilities
Fixed Liabilities
+20.8
Long-term indebtedness
+23.4
Retirement benefit obligation
+29.3
Other fixed liabilities
Minority Interest
Exchange rate as of March 31, 2006 :
US$ 1
= ¥ 117.47 (+ 10.08)
EURO 1 = ¥ 142.81 (+ 3.94)
+2.6
344.0
195.6
97.0
51.3
1,028.0
52.8
960.2
-23.9
+97.2
2,041.1
+87.5
381.2
-28.8
+2.1
+7.7
+1.7
+73.7
Total Shareholders' Investment
2,041.1
339.1
185.6
159.2
+1.8
Total Liabilities
Total Assets
As of
Difｆ. from
Mar 31, 2006 Mar 31, '05
+12.5
684.0
+87.5
Total liabilities and
shareholders' Investment
Total debt
-30.9
+4.3
+2.6
-11.4
+1.7
(billions of Yen)
April 27, 2006
9
5
Balance Sheet : Indexes <as of March 31, 2006>
Total Assets
2,000
1704.7
Total Assets ( billions of Yen)
1953.6
1832.9 1884.9 1852.7
2041.1
Equity ratio
Equity ratio (%)
Shareholders’ equity (billions of Yen)
1,200
1,000
1,500
42.9%
32.7%
34.5%
44.2%
47.0%
34.9%
40.0%
800
30.0%
600
1,000
20.0%
400
500
0
10.0%
200
0
End of
‘01/3
End of
‘02/3
End of
‘03/3
End of
‘04/3
End of
‘05/3
End of
’06/3
0.0%
End of
‘01/3
Inventories/Averaged cost of sales
End of
‘02/3
End of
‘03/3
Debt/Equity ratio
Inventories (billions of yen)
2.29
2.00
1.76
1.72
1.90
1.82
200
100
0
End of
‘01/3
End of
‘02/3
End of
‘03/3
End of
‘04/3
End of
‘05/3
End of
‘06/3
2.50
1,000
2.00
800
1.50
600
0.97
0.89
End of
‘04/3
1.00
400
0.50
200
0.00
0
End of
’06/3
D/E ratio exclude RL
(multiplies)
Total debt exclude RL
(billions of Yen)
1.00
0.74
0.54
0.44
End of
‘05/3
D/E ratio
(multiplies)
Total debt
(billions of Yen)
Inventories/Averaged cost of sales (months)
300
50.0%
0.43
0.30
0.24
0.48
0.22
0.40
0.17
0.50
0.00
-0.50
End of
‘01/3
End of
‘02/3
End of
‘03/3
End of
‘04/3
End of
‘05/3
End of
’06/3
-1.00
*RL: Ricoh Leasing Co, Ltd.
April 27, 2006
10
FY06/3 Statement of Cash Flow < 12 months >
(Billions of Yen)
Net income
Depreciation and amortization
[ Cash profit (Net income + Depreciation and amortization) ]
Other operating activities
Net cash by operating activities
Plant and equipment
Other investing activities
Net cash by investing activities
[ Free cash flow ( oparating net cash + investing net cash ) ]
Net cash by financing activities
Effect of exchange rate
Net increase in cash and equivalents
Cash and equivalents at end of period
FY05/3
FY06/3
83.1
78.2
[ 161.3 ]
-28.6
132.7
-83.3
-12.8
-96.1
[ 36.5 ]
-56.4
1.2
-18.6
186.8
97.0
84.4
[ 181.5 ]
-4.6
176.8
-98.7
-21.3
-120.0
[ 56.8 ]
-59.9
3.3
0.1
187.0
April 27, 2006
11
6
II. FY07/3 Forecast
April 27, 2006
12
FY07/3 Performance Forecast
Increase of value-added product increase profit.
FY06/3
(billions of Yen)
Net sales
(Japan)
(Overseas)
Total
Gross profit
Percentage of net sales
Operating income
Percentage of net sales
Income before income taxes
Percentage of net sales
Net income
Percentage of net sales
EPS (Yen)
Exchange rate
(Yen)
US $1
Euro 1
FY07/3
Forecast
972.0 1,000.0
943.0 1,050.0
1,915.0 2,050.0
799.6
850.0
41.8%
41.5%
152.0
170.0
7.9%
8.3%
156.1
168.0
8.2%
8.2%
97.0
106.0
5.1%
5.2%
132.33 145.29
113.26 115.00
137.86 140.00
Comparison with last year
Change
Excluding
Forex
impact
Change(%)
+27.9
+2.9%
+2.9%
+106.9
+11.3%
+10.1%
+134.9
+7.0%
+6.4%
+50.3
+6.3%
-
-
+18.0
+11.8%
-
-
+11.8
+7.6%
-
-
+8.9
+9.2%
-
-
+12.96
+1.74
+2.14
April 27, 2006
13
7
FY07/3 Sales forecast
Color MFP & printer expansion leads the growth in all areas.
By Category
By Area
(Billions of Yen)
(Billions of Yen)
Change(without forex)
Change(without forex)
1,915.0
2,050.0
Total +7.0%(+6.4%)
1,915.0
154.4
157.2
129.0
Other Businesses
-1.8%(-1.8%)
120.8
120.6
190.5
202.1
1,564.5
136.1
Others
+12.7%(+12.6%)
480.4
387.4
Network System
Solution
+6.0%(+6.0%)
972.0
1,000.0
FY06/3
FY07/3
Forecast
Office Solution
Business
+7.9%(+7.2%)
FY07/3
Forecast
433.5
Europe
+10.5%(+9.0%)
The Americas
+11.9%(+10.6%)
Overseas
+11.3%(+10.1%)
Imaging Solution
+8.1%(+7.4%)
FY06/3
Total +7.0%(+6.4%)
434.8
Industry Business
+6.9%(+6.7%)
1,446.6
2,050.0
Japan
+2.9%(+2.9%)
Overseas Ratio
49.2%
51.2%
April 27, 2006
14
FY07/3: Comparison with FY06/3
Value-added product increase boost up profit.
Income before income tax
+8.5
+5.0 -6.0
(Billions of Yen)
- Changes of Gross Profit
-6.1
+39.3
(Billions of Yen)
-19.3
-9.6
+11.8
R&D
Expenses
Other expenses
Others ( Gross profit )
Forex (net)
FY06/3
Cost down, etc
Sales, etc
156.1
168.0
Sales, etc
Cost down, etc
Others
Sub Total
Forex
Total
+ 39.3
+ 8.5
- 6.0
+ 41.8
+ 8.5
+ 50.3
- Changes of SG&A
(Billions of Yen)
R&D
Others
Forex
Total
+ 9.6
+ 19.3
+ 3.5
+ 32.4
FY07/3
Forecast
April 27, 2006
15
8
III. Appendix
April 27, 2006
16
FY06/3 Q4 P/L : Comparison with FY05/3 Q4
Increase of Color MFP & LBP increased sales and profit.
FY05/3
Q4
(billions of Yen)
Net sales
(Japan)
(Overseas)
Total
Gross profit
Percentage of net sales
Operating income
Percentage of net sales
Income before income taxes
Percentage of net sales
Net income
Percentage of net sales
EPS (Yen)
Exchange rate
(Yen)
US $1
Euro 1
272.4
221.8
494.3
198.5
40.2%
39.0
7.9%
40.6
8.2%
25.0
5.1%
34.08
104.60
137.26
FY06/3 Q4
Latest('06/1)
Forecast
278.1
233.0
511.2
212.5
41.6%
49.0
9.6%
49.3
9.7%
31.1
6.1%
42.36
110.00
135.00
FY06/3 Q4
Results
260.2
256.0
516.3
210.2
40.7%
48.0
9.3%
48.0
9.3%
31.1
6.0%
42.59
117.01
140.72
Comparison Comparison with last year
with latest
Change
Change(%)
forcast
Excluding
Forex
impact
-17.9
-12.2
-4.5%
-4.5%
+23.0
+34.1
+15.4%
+8.3%
+1.3%
+5.0
+21.9
+4.4%
-2.3
+11.6
+5.8%
−
−
−
-0.9
+8.9
+23.0%
−
−
−
-1.3
+7.4
+18.3%
−
−
−
+0.0
+6.0
+24.3%
−
−
−
+0.23
+8.51
+7.01
+12.41
+5.72
+3.46
April 27, 2006
17
9
FY06/3 Q4 Sales : Comparison with FY05/3 Q4
Color MFP grew in all areas. PC & server decreased in Japan.
By Category
By Area
(Billions of Yen)
(Billions of Yen)
Change(without forex)
Change(without forex)
494.3
516.3
Total +4.4%(+1.3%)
494.3
42.9
40.8
32.4
Other Businesses
-4.7%(-5.5%)
27.4
34.5
56.6
Industry Business
-6.1%(-8.0%)
61.6
Total +4.4%(+1.3%)
32.4
Others
+17.9%(+9.8%)
108.3
118.2
86.0
105.3
Europe
+9.2%(+6.5%)
Network System
Solution
-8.1%(-8.3%)
386.2
355.1
516.3
Overseas
+15.4%(+8.3%)
Imaging Solution
+8.8%(+4.6%)
272.4
260.2
Japan
-4.5%(-4.5%)
Office Solution
Business
+6.3%(+2.7%)
FY05/3 Q4
FY06/3 Q4
The Americas
+22.4%(+10.1%)
Overseas ratio
FY05/3 Q4
44.9%
FY06/3 Q4
49.6%
April 27, 2006
18
FY06/3 Q4: Comparison with FY05/3 Q4
Increase of value-added product and cost down activities increased profit.
Income before income tax
(Billions of Yen)
- Changes of Gross Profit
(Billions of Yen)
+3.8
+2.5 -0.8 -1.5
-0.9 +7.4
+2.8
+1.5
Expenses
Other expenses
Others ( Gross profit )
R&D
Forex (net)
FY05/3 Q4
Cost down, etc
Sales, etc
40.6
Sales, etc
Cost down, etc
Others
Sub Total
Forex
Total
+ 1.5
+ 2.8
- 0.8
+ 3.5
+ 8.1
+ 11.6
48.0
- Changes of SG&A
(Billions of Yen)
R&D
Others (Expenses)
Forex
Total
- 2.5
+ 0.9
+ 4.3
+ 2.6
FY06/3 Q4
April 27, 2006
19
10
FY06/3 Q4 Business Segment
Office Solution : Increase of Color MFP & printer increased profit.
Industry : Semiconductor recovered. Measuring equipment decreased.
Other : Going steady and increased profit.
Office Solution Business
Industry Business
Other Businesses
OP margin
OP margin
OP margin
OP margin
OP margin
OP margin
13.8%
13.8%
-0.7%
-0.1%
-7.6%
3.7%
500
416.8
100
100
442.9
400
10
10
100
300
61.1
57.6
200
50
50
35.2
50
33.1
42.9
40.8
5
5
100
1.5
0
FY05/3 Q4
-0.2
0
0
FY06/3 Q4
-0.03
FY05/3 Q4
0
-3.2
0
0
FY06/3 Q4
FY05/3 Q4
FY06/3 Q4
Left bar: Sales (billions of yen)
Right bar: Operating income (billions of yen)
April 27, 2006
20
FY06/3 Q4 Geographic Segment
Japan, Americas and Others : Value-added products increased margin.
Europe : Increase of strategic expenses decreased margin.
Japan
400
OP margin
OP margin
5.2%
6.6%
370.4
374.7
The Americas
60
OP margin
OP margin
7.0%
6.6%
300
20
105.7
200
24.4
30
100
86.9
19.3
100
0
0
FY05/3 Q4
Europe
7.0
6.0
OP margin
OP margin
7.4%
5.9%
119.6
111.0
0
FY06/3 Q4
0
FY05/3 Q4
Others
FY06/3 Q4
OP margin
OP margin
7.3%
8.4%
20
100
10
Left bar:
Sales
(billions of Yen)
Right bar:
Operating income
(billions of Yen)
20
100
8.1
7.0
0
10
0
FY05/3 Q4
FY06/3 Q4
57.0
45.6
0
10
3.3
4.7
FY05/3 Q4
FY06/3 Q4
0
April 27, 2006
21
11
< Appendix > FY06/3 Sales by old category
< Before >
Sales
Business segment
(Billions of Yen)
Office
Equipment
Imaging
Solutions
Digital
Imaging
Change(without forex)
1,915.0
1,814.1
Digital PPC, Duplicator, etc
Other
Imaging
Total +5.6%(+3.8%)
Analog PPC, Thermal media,
etc
219.9
205.8
Printing
Systems
Network I/O
Systems
Other Businesses
222.2
-1.0%(-1.5%)
MFP, LP, GJ, etc
196.8
9.9
Other I/O
Systems
Network System
Solutions
15.5
Network System
Solutions
-4.4%(-4.5%)
778.8
655.3
Other Input/Output
Systems
Other
Businesses
Semiconductor, Optical equipment,
Measuring equipment, Digital camera, etc
-35.9%(-36.2%)
Printing Systems
+18.8%(+16.4%)
156.0
151.3
< After >
Business segment
Other Imaging Systems
Office Solution
Business
Imaging
Solution
Digital PPC, MFP, LP, GJ,
Duplicator, Analog PPC, etc
-3.0%(-4.9%)
559.0
558.1
Network System PC, Server, Software, etc
Solution
Digital Imaging Systems
-0.2%(-2.4%)
FY05/3
FY06/3
Office equipment
+6.5%(+4.5%)
Industry
Business
Other
Businesses
Semiconductor, PCB, Optical equipment,
Measuring equipment, Thermal media, etc
Optical disc, Digital camera, etc
April 27, 2006
22
Calculation information where the equity method applied to Ricoh’s leasing subsidiary
Consolidated Statement of Income
(Year ended March 31, 2006)
Consolidated Equity Method
Net sales
1915.0
1788.2
Gross profit
799.6
782.6
Operating income
152.0
137.4
Income before income taxe
156.1
142.1
Net income
97.0
97.0 (Billions of Yen)
Consolidated Balance Sheet
(at the end of March 31, 2006)
Consolidated Equity Method
Consolidated Equity Method
188.5
185.2
Short-term borrowings
185.6
116.3
Cash and cash equivalen
Other current assets
855
840.2
Other current liabilities
498.3
466.9
Total Debt
160.6
Current assets
1043.5
1025.4 Current liabilities
684.0
583.2
Finance recievable
415.4
71.8
Long term-borrowings
195.6
44.2
Other fixed assets
582.2
651.6
Other fixed liabilities
148.3
148.1
Fixed assets
997.6
723.5 Fixed liabilities
344.0
192.4
52.8
13.0
Minority interest
Shareholders' investment
960.2
960.2
Total Assets
2,041.1
1,749.0 Total Liabilities and
2,041.1
1,749.0
Shareholders' investment
(Billions of Yen)
Key financial Ratios
Return on assets
Return on equity
Equity ratio
Debt/Total assets
Debt/Equity
Total assets turnover
(Year ended March 31, 2006)
Change from
Consolidated previous period
7.8%
+ 0.7pt
10.6%
+ 0.6pt
47.0%
+ 2.9pt
18.7%
- 2.3pt
39.7%
- 7.8pt
0.96
-
Change from
Equity Method previous period
8.3%
+ 0.7pt
10.6%
+ 0.6pt
54.9%
+ 3.6pt
9.2%
- 2.2pt
16.7%
- 5.5pt
1.04
-
April 27, 2006
23
12
Appendix of FY06/3 Results
Impact of foreign exchange rates
Impact of
foreign exchange
rates per yen
CAPEX, Depreciation & Amortization, R&D
US$
3.2 billion yen
/ year
1.0 billion yen
/ year
EURO
3.0 billion yen
/ year
1.2 billion yen
/ year
Overseas production ratio (by units)
Copier+MFP
LP
FY05/3
FY06/3
75%
55%
70%
70%
Color ratio (by sales of machine)
Copier
+MFP
LP
FY05/3
Q4
FY06/3
Q4
FY05/3
FY06/3
33%
30%
31%
20%
72%
40%
44%
34%
37%
21%
51%
30%
34%
29%
31%
22%
60%
37%
44%
32%
36%
24%
53%
35%
Japan
Overseas
Total
Japan
Overseas
Total
(Billions of Yen)
On Income before
income taxes
On Sales
FY05/3 Q4 FY06/3 Q4
CAPEX
25.9
22.6
Depreciation
& Amotization
18.7
18.7
R&D
30.8
28.2
FY05/3
FY06/3
FY07/3
(forecast)
CAPEX
84.7
102.0
90.0
Depreciation
& Amotization
66.7
67.4
69.0
R&D
110.4
110.3
120.0
April 27, 2006
24
< Appendix > FY07/3 Q1 Performance Forecast
FY06/3
Q1
(billions of Yen)
Net sales
(Japan)
(Overseas)
Total
Gross profit
Percentage of net sales
Operating income
Percentage of net sales
Income before income taxes
Percentage of net sales
Net income
Percentage of net sales
EPS (Yen)
Exchange rate
(Yen)
US $1
Euro 1
233.9
218.9
452.9
194.7
43.0%
37.2
8.2%
38.0
8.4%
23.7
5.2%
32.32
107.60
135.55
FY07/3 Q1
Forecast
237.0
236.0
473.0
203.5
43.0%
39.5
8.4%
39.0
8.2%
28.3
6.0%
38.79
115.00
140.00
Comparison with last year
Change
Change(%)
Excluding
Forex
impact
+3.0
+1.3%
+1.3%
+17.0
+7.8%
+3.4%
+20.0
+4.4%
+2.3%
+8.7
+4.5%
-
-
+2.2
+5.9%
-
-
+0.9
+2.4%
-
-
+4.5
+19.3%
-
-
+6.47
+7.40
+4.45
April 27, 2006
25
13
< Appendix > FY07/3 1H Performance Forecast
FY06/3
1H
(billions of Yen)
Net sales
Total
Gross profit
Percentage of net sales
Operating income
Percentage of net sales
Income before income taxes
Percentage of net sales
Net income
Percentage of net sales
EPS (Yen)
US $1
(Yen)
Euro 1
Comparison with last year
Change
487.0
490.0
977.0
411.0
42.1%
73.0
7.5%
72.0
7.4%
47.8
4.9%
65.52
115.00
140.00
480.9
442.1
923.0
388.2
42.1%
66.9
7.2%
69.4
7.5%
42.8
4.6%
58.40
109.42
135.67
(Japan)
(Overseas)
Exchange rate
FY07/3 1H
Forecast
Change(%)
Excluding
Forex
impact
+6.0
+1.3%
+1.3%
+47.8
+10.8%
+7.1%
+53.9
+5.8%
+4.1%
+22.7
+5.9%
-
-
+6.0
+9.1%
-
-
+2.5
+3.7%
-
-
+4.9
+11.5%
-
-
+7.12
+5.58
+4.33
April 27, 2006
26
< Appendix > Financial Indexes
Dividend
Financial Indexes
Consolidated Payout Ratio
( Dividend per share / EPS )
19.3%
(forecast)
Operating
income on sales
17.8% 18.1%
12.6%
10.6% 10.6%(forecast)
10.4%
14.7%
14.0%
10.0%
14.6%
7.8%
7.7%
6.4%
6.6%
132.33
8.4%
7.5%
7.7%
145.29
(forecast)
EPS (Yen)
ROE
11.2%
7.9%
8.3%(forecast)
7.8%
8.0%(forecast)
7.1%
106.0
123.63
Income before
Tax on total assets
112.64
99.79
(forecast)
97.0
91.7
83.1
88.27
72.5
28 (forecast)
61.6
24
18
13
20
Net profit (billions of yen)
14
FY07/3
FY02/3 FY03/3 FY04/3 FY05/3 FY06/3 (forecast)
FY07/3
FY02/3 FY03/3 FY04/3 FY05/3 FY06/3 (forecast)
Dividend per share (Yen)
April 27, 2006
27
14
15