Summary of Business Results for the Second Quarter Ended September 30, 2011
[Japan GAAP] (Non-consolidated)
October 31, 2011
C o m p a n y
Listed on the OSE JASDAQ Market
TOSHO CO., LTD
Stock Code8920
URL http://www.to-sho.net/
Representative
Toshihiro Kutsuna, President and CEO
C o n t a c t
Naoya Kuwazoe, Director, Manager of Administrative Dept.
T E L: +81- 566-79-3111
Expected date of filing of quarterly report: November 4, 2011
Expected starting date of dividend payment: December 7, 2011
Preparation of quarterly supplementary financial document: None
Quarterly results briefing: Yes For institutional investors（Rounded down to million yen）

１. Business results for the six months ended September 2011 (April 1, 2011 through September 30, 2011)(1) Results of operations(Percentage figures represent year-on-year changes)

Six months ended Sept. 2011
Six months ended Sept. 2010

Net sales
Million yen
%
5,892
10.2
5,346
1.4

Operating income
Million yen%
1,262
3.6
1,218
10.4

Net income
per share

Diluted net
income per share
Yen

Net income
Million yen%
661
13.3
584
8.2

Yen37.62
33.20――

Total assets

Net assets

Six months ended Sept. 2011
Six months ended Sept. 2010

Ordinary income
Million yen%
1,171
4.0
1,126
18.0

(2) Financial position

Million yen
26,51025,932As of Sept. 2011
As of Mar. 2011

Shareholders’ equity
ratio%
30.0
28.5

Million yen
7,952
7,387

Net assets per
shareYen
452.07419.89(Reference) Shareholders’ equity:
As of September 2011: 7,951 million yen
As of March 2011:
7,386 million yen
2. Dividends
End of 1Q

End of 2Q
Yen――Year ended Mar. 2011
Year ending Mar. 2012
Year ending Mar. 2012 (forecast)

Yen
5.50
6.00

Annual dividend
End of 3Q
Yen―

Year-end

TotalYen―

Yen

5.50

11.00

6.00

12.00

(Note) Revisions to the recent dividend forecast: None

3．Forecast of business results for the year ending March 2012 (April 1, 2011 through March 31, 2012)(% change from the previous year)

Net sales
Million yen
Year ending Mar. 2012

11,900Operating income%

10.2

Million yen
2,520%
14.6(Note) Revisions to the recent business forecast: None－ 1 －Ordinary income

Net income

Net income pershare

Million yen%

Million yen%

2,30015.0

1,220

13.9

Yen69.34

4. Others(1) Application of accounting procedures specific to preparation of the quarterly financial statements: Yes(2) Changes in accounting policies, accounting estimates and restatement①Changes in accounting policies associated with revision of accounting standards:②Changes in accounting policies other than ①③Changes in accounting estimates④Restatement: None: None: None: None(3) Shares outstanding (common stock)① Number of shares outstanding at the end of period (treasury stock included)
As of September 2011
17,592,351 sharesYear ended March 2011
17,592,351 shares② Treasury stock at the end of period
As of September 2011
1,925 sharesYear ended March 2011
1,889 shares③ Average number of stock during period (quarterly cumulative period)
Six months ended September 2011
17,590,435 shares
Six months ended September 2010
17,590,616 shares* Implementation status of quarterly review procedure
At the time of disclosure of this report, the procedures for review of financial statements pursuant to the Financial
Instruments and Exchange Act are being conducted.
* Explanation regarding appropriate use of business forecasts and other special instructions
Forecasts regarding future performance in this material are based on information currently available to the Company andcertain assumptions that the Company deems to be reasonable at the time this report was prepared. Actual results may
differ significantly from the forecasts due to various factors.

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