First Quarter of FY2016.3 Performance Outline July 30, 2015 (billions of yen) 1Q Results 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) 1Q Results Initial Projections (Previous Year) (Full Year) (announced on April 30, 2015) Projections Results (Full Year) (Previous Year) FY2016.3 FY2015.3 FY2016.3 FY2016.3 FY2015.3 105.5 99.6 435.0 437.0 432.2 39.2 (37.2%) 41.1 (41.3%) 147.1 (33.8%) 146.2 (33.5%) 160.4 (37.1%) 66.3 (62.8%) 58.5 (58.7%) 287.9 (66.2%) 290.8 (66.5%) 271.8 (62.9%) 8.9 (8.4%) 6.2 (6.3%) 34.0 (7.8%) 35.0 (8.0%) 30.1 (7.0%) 8.5 (8.0%) 5.9 (5.9%) 33.0 (7.6%) 35.0 (8.0%) 31.2 (7.2%) 6.3 (5.9%) 4.1 (4.1%) 25.5 (5.9%) 27.0 (6.2%) 24.9 (5.8%) (*5) 121/US$ 102/US$ 120/US$ 120/US$ 109/US$ 133/EUR 140/EUR 130/EUR 131/EUR 141/EUR 7.2% 6.0% 7.2% 7.7% 8.1% 4.7% 3.7% 4.8% 5.1% 5.1% 32.3 yen 21.1 yen 131.7 yen 139.5 yen 128.8 yen 2.6 3.2 13.8 13.8 13.8 (3.0) (2.9) (13.7) (13.6) (12.6) 6.0 5.9 24.8 25.1 25.4 6.8 -5.0 1.8 97.4 3.7 -3.2 0.5 89.1 38.5 -14.0 24.5 87.1 38.0 -13.5 24.5 90.1 31.7 -11.7 20.0 87.8 6,595 13,662 20,257 6,821 13,223 20,044 6,300 14,400 20,700 (25) 7,400 6,300 14,100 20,400 6,541 13,426 19,967 (257) 7,860 (21) (278) 7,970 7,804 (25) 7,600 Sales by Business Segment Musical Instruments Audio Equipment Electronic Devices Others Operating Income by Business Segment Musical Instruments Audio Equipment Electronic Devices Others 70.8 24.7 3.5 6.5 (67.1%) (23.4%) (3.3%) (6.2%) 65.7 24.3 3.8 5.8 7.1 1.0 0.4 0.4 5.8 0.6 -0.2 0 58.5 3.9 14.4 13.0 64.6 3.9 9.9 10.0 (66.0%) (24.4%) (3.8%) (5.8%) 280.0 117.5 13.0 24.5 (64.4%) (27.0%) (3.0%) (5.6%) 26.5 6.5 0.5 0.5 281.5 118.0 13.0 24.5 27.5 6.5 0.5 0.5 (64.4%) (27.0%) (3.0%) (5.6%) 281.7 112.8 13.4 24.2 (65.2%) (26.1%) (3.1%) (5.6%) 25.1 6.1 -1.4 0.4 Non-Consolidated Basis Net Sales Operating Income Ordinary Income Net Income (6.7%) (24.6%) (22.2%) (6.0%) (15.3%) (15.5%) 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 ROE and ROA are calculated on an annually adjusted basis. ＊4 Number of Employees = Number of full-time staff at end of period ＊5 2Q-4Q currency exchange rates US$1=JPY120, EUR1=JPY130 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.