Financial Results for the First Quarter Ended January 31, 2013
[Japan GAAP] (Consolidated)
Date:

March 7, 2013

Company Name and Code:

Tomoe Engineering Co., Ltd. and Subsidiaries - 6309
(Website: http://www.tomo-e.co.jp/index_e.html)

Stock Exchange Listing:

1st Section, Tokyo Stock Exchange

Head Office:2-2, Osaki 1-chome, Shinagawa-ku, Tokyo, Japan

President:

Noboru Shiono

Investor Relations Contacts:

Mitsuo Matsumoto, Director, Accounting and Management Planning Tel: (03) 5435-6512

Date to report Consolidated Quarterly Financial Statement: March 15, 2013
Date for Dividend Payment:

Not applicable to financial quarters.

Preparation of Supplementary Explanatory Materials for Quarterly Operating Results: Not prepared for financial quarters.
Briefing Session for Quarterly Operating Results: Not planned.
* Any fractional sums less than one million (or one thousand) yen are disregarded.
1. Consolidated Financial Data for the First Quarter Ended January 31, 2013
(1) Results of Operation (Consolidated)

Quarter Ended January 31, 2013
Quarter Ended January 31, 2012

(Percent: Change from the same quarter of the previous year)
Net Sales
Operating Income
Ordinary Income
Millions ofMillions ofMillions of
Yen
Percent
Yen
Percent
Yen
Percent
8,498
-11.1
107
-68.4
169
-55.7
9,554
-13.1
340
-54.7
383
-53.2
Net Income

Quarter Ended January 31, 2013
Quarter Ended January 31, 2012

Millions of
Yen
85
343

Percent
-75.0
-28.0

Net Income per Share

Fully Diluted Quarterly
Net Income per Share

Yen
8.60
34.45

Yen
-

(Note) Comprehensive income
First Quarter ended January 31, 2013: 347 million yen (-9.2%) First Quarter ended January 31, 2012: 382 million yen (-25.5%)(2) Financial Condition (Consolidated)

Quarter Ended January 31, 2013
Year Ended October 31, 2012

Total Assets (A)(Millions of Yen)
32,10533,822

Net Assets (B)(Millions of Yen)
22,483
22,534

Net Assets Ratio(B) / (A) (Percent)
69.3
66.0

(Reference) Net assets
First Quarter ended January 31, 2013: 22,244 million yen

Year Ended October 31, 2012: 22,308 million yen

2. Dividend Status(Record Date)
Year Ended October 31, 2012
Year Ending October 31, 2013
Year Ending October 31, 2013 (Prospect)First
Quarter-InterimTerm
0.00

Annual Dividend (Yen)Third
End ofQuarter
Fiscal Year
40.00

0.00

(Note) Revisions since the most recently released dividend projection: None

-

45.00

Annual40.00
45.00

3. Forecast for Earnings for the Year Ending October 31, 2013 (Consolidated)(Percent: 2nd Quarter YTD - change from the same quarter of the previous year;
Full Business Year - change from the previous Full Business Year)Net Sales
Operating Income
Ordinary Income(Millions of Yen) (Percent) (Millions of Yen) (Percent) (Millions of Yen) (Percent)
2nd Quarter YTD
19,700
-6.9
860
-39.5
890
-41.1
Full Business Year
41,700
0.3
2,150
-12.1
2,150
-17.5
Net Income
Net Income per Share(Millions of Yen) (Percent)Yen
2nd Quarter YTD
520
-48.7
52.11
Full Business Year
1,280
-20.8
128.27(Note) Revisions since the most recently released dividend projection: None
* Others(1) Significant changes in subsidiaries during this quarter (Changes in specific subsidiaries in conjunction with a change
in the scope of consolidation): None
Number of new subsidiaries: __(Company names):

Number of eliminated subsidiaries: __(Company names):(2) Adoption of simplified accounting method and the specific accounting method: None
(3) Changes of the principles, procedures, and representation of the accounting policies
1) Change due to revision of accounting standard: Existing2) Other changes than the above 1): Existing3) Change in accounting estimates: Existing4) Retrospective restatements: None
For details, please refer to (3) [Changes in accounting principles, changes in accounting estimates andretrospective restatements] of 2. [Matters Concerning Summary Information (Other)] on page 4.
(4) Number of outstanding shares (Ordinary shares)
1) Number of outstanding shares as of quarter-end and year-end (including treasury stocks)
At January 31, 2013: 10,533,200 shares

At October 31, 2012: 10,533,200 shares

2) Number of treasury stocks as of quarter-end and year-end
At January 31, 2013: 554,592 shares

At October 31, 2012: 554,547 shares

3) Number of average shares (accumulated quarterly total)
At January 31, 2013: 9,978,625 shares

At January 31, 2012: 9,978,699 shares*Disclosure concerning status of implementation of quarterly review procedure
This quarterly earnings report is exempt from the quarterly review procedure based on the Financial Instruments andExchange Act. At the time of disclosure of this quarterly earnings report, the Company has not completed a quarterly
review procedure based on the Financial Instruments and Exchange Act.
*Explanations for appropriate use of the earnings forecast and other special instructions
The forward-looking statements such as a forecast of our financial results described herein are based on theinformation currently available to us and certain assumptions that we believe are reasonable. Actual results could differ
materially due to various factors. Please refer to the Financial Results for the Quarter (Attachments) on page 3, (3)[Qualitative Information on Consolidated Earnings Forecast] of 1. [Qualitative Information on Quarterly Consolidated
Operating Results] for the operating results forecast and matters to note when using forward-looking statements.

Table of Contents (Attachments)
1. Qualitative Information on Quarterly Consolidated Operating Results...................................................................2(1) Qualitative Information on Consolidated Operating Results....................................................................... 2(2) Qualitative Information on Consolidated Financial Position....................................................................... 3(3) Qualitative Information on Consolidated Earnings Forecast....................................................................... 3
2. Matters Concerning Summary Information (Other)................................................................................................. 4(1) Changes to material subsidiaries during the quarterly consolidated period under review......................... 4(2) Application of special accounting method in the preparation of quarterly consolidated financial
statements........................................................................................................................................................ 4(3) Changes in accounting principles, changes in accounting estimates and retrospective restatements... 4
3. Consolidated Financial Statement......................................................................................................................... 5(1) Consolidated Quarterly Balance Sheet. ..................................................................................................... 5(2) Consolidated Quarterly Statements of Income & Consolidated Quarterly Statements of Comprehensive
Income.............................................................................................................................................................. 7(3) Consolidated Quarterly Statements of Cash Flows. .................................................................................. 9(4) Note on Going Concern Assumption.......................................................................................................... 11(5) Segment Information, etc. ............................................................................................................................ 11(6) Notes for Significant Changes in Shareholder’s Equity...............................................................................11
4. Overseas Net Sales (Supplemental Information)...................................................................................................121

1. Qualitative Information on Quarterly Consolidated Operating Results(1) Qualitative Information on Consolidated Operating Results[General operating results]
During the first quarter consolidated accounting period under review, a gradual recovery trend was evident inJapan’s economy. Factors behind this development included restoration demand following the Great East Japan
Earthquake, and the general weakness of the yen, which reflected a sense of anticipation toward economic policy
following the change in government in December of 2012. Nevertheless, the outlook for the economic milieu remains
uncertain, clouded by varied circumstances that range from concerns that the fiscal difficulties affecting countries in
Europe will be prolonged to the slowdown of economic growth in China and other newly developing countries.
Given these circumstances, in the Tomoe Group’s Machinery & Equipment Business net sales of equipment,
components and repair works for overseas markets were lower, as were sales of components and repairs to meetdemand in the domestic public sector. In the Group’s Chemical Products Business, sales in both the domestic
advanced materials sector and the industrial materials sector declined, while in Hong Kong, sales of molding machines
experienced a decrease that was a reaction from the level in the same period one year earlier. From a bottom line
perspective, earnings overall were down. The main cause of lower earnings was the sales weakness in both of theGroup’s businesses. A second major factor, however, was the reactionary decline from the level of consolidated net
income in the same period one year ago, which was boosted by the small amount of the adjustment for corporate andother taxes in conjunction with the reduction of the effective tax rate.
As a result of the above, net sales for the Tomoe Engineering Group for the consolidated first quarter slipped 11.1%
from the same period last year to 8,498 million yen. Operating income was 107 million yen, 68.4% down from the same
period of the prior year, ordinary income was 169 million yen, 55.7% down from the same period of the prior year, andnet income was 85 million yen, 75.0% down from the same period one year earlier.
[Operating results by segment](Machinery & Equipment Business)
In the Machinery & Equipment Business, sales declined because orders for centrifuge equipment for oil well drillingin North America were delayed, while sales of overseas parts and repairs in India and other foreign markets also werelower.

Moreover, because sales of parts and repairs to meet domestic public sector demand also declined,

consolidated net sales for the first quarter came to 1,550 million yen, down 22.7% from the same period one year ago.
Despite an improvement seen in the gross profit margin on sales of overseas parts and repairs, because of the decline
in net sales for the business as a whole, earnings fell from the same period one year ago, when sales and expenditures
were roughly in a condition of balance (+0 yen), to an operating loss of 62 million yen.
(Chemical Products Business)
In the Chemical Products Business, sales of UV curing resins in the fine chemicals sector remained steady. In theadvanced materials sector, however, sales of ceramics for use in semiconductor manufacturing struggled to growbecause of a drop in demand, while in the industrial materials sector, sales of additive materials for iron and steel were
slack and sales of molding machines in Hong Kong suffered a reactionary decrease from the same period in the prioryear. As a result of these factors, consolidated net sales for the first quarter came to 6,947 million yen, 8.0% downfrom the same period one year ago.
In terms of earnings, operating income was 169 million yen, 50.1% down from the same period one year ago.
Earnings were affected by the weak sales in Hong Kong and lower profit margins in the advanced materials sector, andby the decline in gross profit for the business as a whole.
2(2) Qualitative Information on Consolidated Financial Position:[Assets, Liabilities, and Net Assets]
Total assets at the end of the first quarter consolidated period under review were 32,105 million yen, 1,716 million
yen or 5.1% down from the balance at the end of the previous consolidated fiscal year on October 31, 2012. Although
fixed assets were slightly higher, reflecting a valuation gain on investment securities because of rising stock prices,
current assets contracted because of a sharp reduction in notes and accounts receivable-trade, while cash anddeposits were reduced by tax payments, bonuses and dividend payments.
On the other hand, total liabilities stood at 9,622 million yen, 1,664 million yen or 14.7% down compared with the endof the previous consolidated fiscal year. Current liabilities fell significantly because of large decreases in payment
obligations, the provision for bonuses and income taxes payable, while noncurrent liabilities were higher because of anincrease in deferred tax liabilities.
In addition, net assets as a whole were 22,483 million yen, down 51 million yen or 0.2% from the end of the previous
consolidated fiscal year, despite net income of 85 million yen and an increase in the translation adjustments accountbecause of the yen’s depreciation. This result reflected a payment totaling 399 million yen for dividends.
The equity ratio at the end of the consolidated first quarter under review increased by 3.3 points compared with theend of the previous consolidated fiscal year to 69.3%.
[Cash Flow Status]
Cash and cash equivalents as of the end of the consolidated third quarter under review decreased by 4,448 million
yen to 3,014 million yen from the end of the previous consolidated fiscal year. The status of each consolidated cash
flow and their factors during the third quarter are as follows:(Net Cash Provided by (Used in) Operating Activities)
Cash flow used in operating activities was 559 million yen. Income before income taxes and minority interests was
169 million yen, and notes and accounts receivable-trade decreased by 2,060 million yen. Inventory, however,expanded by 717 million yen, and notes and accounts payable-trade decreased by 754 million yen, while the amount ofincome taxes paid and the provision for bonuses reached 581 million yen and 681 million yen, respectively.
(Net Cash Provided by (Used in) Investing Activities)
Net cash used in investing activities was 3,649 million yen. This mainly reflected disbursements to time deposits of
3,700 million yen.
(Net Cash Provided by (Used in) Financing Activities)
Cash flow used in financing activities was 403 million yen, mainly for the payment of cash dividends of 399 million yen.
(3) Qualitative Information on Consolidated Earnings Forecast:
We have revised the consolidated earnings forecast figures announced on December 12, 2012. For details
please see the “Notice Concerning Revision of Earnings Forecast” released on March 4, 2013.

3

2. Matters Concerning Summary Information (Other)(1) Changes to material subsidiaries during the quarterly consolidated period under review: None
(2) Application of special accounting method in the preparation of quarterly consolidated financial statements: None.
(3) Changes in accounting principles, changes in accounting estimates and retrospective restatements:(Change in Accounting Policy)
Traditionally, the company and its consolidated subsidiaries measured the value of raw materials mainly using thevaluation at cost method, costs being based on the first-in-first-out method (for amounts reported on the balance sheet,write-downs of book values based on the decline in profitability). Beginning from the first quarter consolidated
accounting period under review, the Company has changed to the moving average method (for amounts reported on
the balance sheet, write-downs of book values based on the decline in profitability). The Company adopted this change
in conjunction with the restructuring of its systems for the purpose of smoothing the effects of changes in raw materials
prices in the market, and reporting more appropriate evaluations of raw materials and periodic accounting of profit and loss.
The effect of this change is not material, and the Company will not apply the change retrospectively.
(Changes in accounting policies that are difficult to distinguish from changes in accounting estimates)
In conjunction with the amendment of the Corporation Tax Law, beginning from the first quarter consolidated
accounting period under review, for tangible fixed assets acquired on or after November 1, 2012 the Company and its
domestic consolidated subsidiaries will change to a depreciation method based on the amended Corporation Tax Law.
The effect of this change on first quarter consolidated income is not material.

43. Consolidated Financial Statement(1) Consolidated Quarterly Balance Sheets (First Quarter)(Thousands of Yen)

End of Previous YearEnd of First Quarter(October. 31, 2012)(January 31, 2013)

AssetsCurrent Assets

Cash and Deposits

7,463,174

6,714,441

Notes and Accounts Receivable-Trade

13,303,606

11,483,724

Merchandise and Finished Goods

3,392,880

3,571,034

Work in Process

866,726

1,424,916

Raw Materials and Supplies

943,399

1,086,982

Deferred Tax Assets

567,855

500,189

Others

243,152

206,189-11,236
26,769,560-5,43624,982,042

2,350,890

2,372,523

Accumulated Depreciation-1,421,955-1,448,091

Buildings and Structures, Net

928,934

924,432

Machinery, Equipment and Vehicles

3,578,358

3,800,587-2,801,629-2,940,300

776,729860,286Land

922,024

922,024

Lease Assets

40,90240,902-34,864-37,064

6,038

3,838

Construction in progress

2,622,040

2,540,500

Others1,025,652

1,042,155-949,624-968,088

76,02774,0675,331,794

5,325,149

225,021

223,575

Investment Securities

606,190

716,920

Guarantee Deposits

384,158

292,271

Deferred Tax Assets

29,57827,555

Others522,582

584,965

Allowance for Doubtful Accounts-46,779-46,777

Total Investments and Other Assets

1,495,730

1,574,935

Total Noncurrent Assets

7,052,546

7,123,660

Total Assets

33,822,106

32,105,702

Allowance for Doubtful Accounts
Total Current Assets
Noncurrent Assets
Property, Plant and Equipment
Buildings and Structures

Accumulated Depreciation
Machinery, Equipment and Vehicles, Net

Accumulated Depreciation
Lease Assets, Net

Accumulated Depreciation
Others, Net
Total Property, Plant and Equipment
Intangible Assets
Investments and Other Assets5

(Thousands of Yen)
End of Previous YearEnd of First Quarter(October. 31, 2012)(January 31, 2013)

Liabilities and Net Assets
Liabilities
Current Liabilities

Notes and Accounts Payable-Trade

6,956,704

6,487,519

630,376

703,856

7,216

5,307

Accounts Payable-Others

527,111489,844

Income Taxes Payable

590,898

18,632

Advances Received

73,78980,096

Provision for Bonuses

1,074,756

396,853

Provision for Directors' Bonuses

70,431

16,466

Allowance for Product Warranty

194,363

131,455

Others234,504

311,980

10,360,153

8,642,013

41,75044,821775

102

Provision for Retirement Benefits

38,942

43,838Provision for Directors' Retirement Benefits

29,60018,680

Deferred Tax Liabilities

815,962873,202

Total Noncurrent Liabilities

927,031980,645

Total Liabilities

11,287,185

9,622,658

Capital Stock

1,061,210

1,061,210

Capital Surplus

1,483,410

1,483,410

Retained Earnings

20,396,505

20,083,133-363,393-363,462

22,577,731

22,264,290

Valuation and Translation Adjustments
Valuation Difference on Available-for-Sale
Securities
Deferred Gains or Losses on Hedges

23,172

98,092525-293

Foreign Currency Translation Adjustment-293,239-117,878

Total Valuation and Translation Adjustments-269,541-20,080

226,731238,833

Total Net Assets

22,534,921

22,483,044

Total Liabilities and Net Assets

33,822,106

32,105,702

Short-Term Loans Payable
Lease Obligations

Total Current Liabilities
Noncurrent Liabilities
Long-Term Loans Payable

Lease Obligations

Net Assets
Shareholders’ Equity

Treasury Stock
Total Shareholders’ Equity

Minority Interests6(2) Consolidated Quarterly Statements of Income & Consolidated Quarterly Statements of Comprehensive
IncomeConsolidated Quarterly Statements of Income (First Quarter)(Thousands of Yen)First Quarter Ended

First Quarter Ended

January 31, 2012

January 31, 2013

Net Sales

9,554,431

8,498,147

Cost of Sales

7,677,543

6,807,795

1,876,888

1,690,352

1,536,835

1,582,806

340,052

107,546

Interest Income

3,803

4,536

Dividends Income

5,752

5,729

Rent Income

2,963

2,377

Foreign Exchange Gains

23,861

44,714

Others

14,246

14,16750,627

71,525

2,108

3,399

17

17

Sales Discount

1,267

3,258

Others

3,413

2,515

Total Non-Operating Expenses

6,806

9,190

Ordinary Income

383,873

169,881

736

-

6,780

-

7,516

-

Loss on Retirement of Noncurrent Assets

4,614

-

Loss on Valuation of Investments Securities

582

-

5,197

-

Income before Income Taxes and Minority Interests

386,193

169,881

Income Taxes-Current

17,287

12,645

Income Taxes-Deferred

33,09795,65550,384

108,300

335,808

61,580-7,930-24,193343,738

85,773Gross Profit
Selling, General and Administrative Expenses
Operating Income
Non-Operating Income

Total Non-Operating Income
Non-Operating Expenses
Interest Expenses
Loss on Sales of Notes Payable

Extraordinary Income
Gain on Sales of Investment Securities
Gain on Change in Equity Interest
Total Extraordinary Income
Extraordinary Losses

Total Extraordinary Losses

Total Income Taxes
Income before Minority Interests
Minority Interests in Income or Loss (-)
Net Income (Loss)7

Consolidated Quarterly Statements of Comprehensive Income (First Quarter)(Thousands of Yen)First Quarter Ended

First Quarter Ended

January 31, 2012

January 31, 2013

335,808

61,580

Valuation Difference on Available-for-sale Securities

4,595

74,919Deferred Gains or Losses on Hedges

-819

-819

Foreign Currency Translation Adjustment

42,913211,657

Total Other Comprehensive Income

46,689285,757

Comprehensive Income

382,498

347,337

386,712335,235-4,214

12,102

Income before Minority Interests
Other Comprehensive Income(Breakdown)Comprehensive Income attributable to Owners of
the Parent
Comprehensive Income attributable to Minority
Interests8

(3) Consolidated Quarterly Statements of Cash Flows(Thousands of Yen)

Net Cash Provided by (Used in) Operating Activities
Income before Income Taxes and Minority Interests

First Quarter Ended

First Quarter Ended

January 31, 2012

January 31, 2013

386,193

169,881

86,804

92,651

Increase (Decrease) in Provision for Bonuses(693,444)(681,034)

Increase (Decrease) in Provision for Directors' Bonuses(43,501)(53,964)

Depreciation and Amortization

Increase (Decrease) in Allowance for Product Warranty

60,835(62,907)

Increase (Decrease) in Provision for Retirement Benefits

1,189

4,463

Increase (Decrease) in Provision for Directors' Retirement Benefits(2,160)(10,920)

Increase (Decrease) in Allowance for Doubtful Accounts(17,727)(5,802)

582-

Interest and Dividends Income(9,555)(10,266)

Interest Expenses

2,108

3,399

Foreign Exchange Losses (Gains)

1,912(38,065)

Loss (Gain) on Sales of Investment Securities

(736)

-

(6,780)-Loss (Gain) on Valuation of Investment Securities

Loss (Gain) on Change in Equity Interest

4,614

-

Decrease (Increase) in Notes and Accounts Receivable-Trade

Loss (Gain) on Retirement of Noncurrent Assets(59,102)2,060,694

Decrease (Increase) in Inventories(748,027)(717,278)

Increase (Decrease) in Notes and Accounts Payable-Trade

205,501(754,973)

Increase (Decrease) in Accounts Payable-Others

76,895(43,924)

Increase (Decrease) in Advances Received

292,755

4,344

Increase (Decrease) in Accrued Consumption Taxes(43,168)

26,325

Others, Net

119,92232,865(384,886)

15,487

9,053

10,043Sub totalInterests and Dividends Income Received
Interest Expenses Paid

(2,119)(4,075)(545,449)(581,196)(923,402)(559,741)(3,100,000)(3,700,000)

Purchase of Property, Plant and Equipment(92,444)(33,338)

Purchase of Intangible Assets(26,495)(102)

Proceeds from Sales of Investment Securities

1,527

-

Purchase of Investment Securities(5,903)(4,095)

Collection of Loans Receivable

783

1,573

Payments of Loans Receivable(1,360)(2,040)

Guarantee Deposits (Increase)

1,878

89,821678(1,522)(3,221,336)(3,649,702)

Income Taxes Paid (-) or Returned
Net Cash Provided by (Used in) Operating Activities
Net Cash Provided by (Used in) Investing Activities
Deposit of Time Deposits

Others, Net
Net Cash Provided by (Used in) Investment Activities

9(Thousands of Yen)First Quarter Ended

First Quarter Ended

January 31, 2012

January 31, 2013

Net Cash Provided by (Used in) Financing Activities
Funds Provided by Payment from Minority Shareholders

38,893-Net Increase (Decrease) in Short-Term Loans Payable

77,420-

Repayments of Lease Obligations(4,673)(2,583)

Repayments of Long-Term Loans-(2,130)Purchase of Treasury Stock

-

(68)

(399,147)(399,146)(287,507)(403,928)

14,094

164,640(4,418,152)(4,448,732)

7,296,554
2,878,402

7,463,174
3,014,441

Cash Dividends Paid
Net Cash Provided by (Used in) Financing Activities
Effect of Exchange Rate Change on Cash and Cash Equivalents
Net Increase (Decrease) in Cash and Cash Equivalents
Cash and Cash Equivalents at Beginning of Period
Cash and Cash Equivalents at End of Period10(4) Note on Going Concern Assumption
None.
(5) Segment Information, etc.
【Segment Information 】
First Quarter Ended January 31, 2012
1 Information Pertaining to the Amount of Net sales or Net Loss of Each Reporting Segment(Thousands of Yen)
Reported Segment
Machinery & Equipment

Chemical Products

Business

Business

Total

Grand Total

Net Sales
Net Sales to UnaffiliatedCustomers

2,006,106

7,548,325

9,554,431

9,554,431

-

-

-

-

2,006,106

7,548,325

9,554,431

9,554,431

Internal Net Sales among
Segments or AmountTransferred
Total

Segment Profit
320
339,732
340,052
340,052(Note) The total amount of segment profit is identical to the operating income reported on the Quarter Statements ofConsolidated Income.

First Quarter Ended January 31, 2013
1 Information Pertaining to the Amount of Net sales or Net Loss of Each Reporting Segment(Thousands of Yen)
Reported Segment
Machinery & Equipment

Chemical Products

Business

Business

Total

Grand Total

Net Sales
Net Sales to UnaffiliatedCustomers

1,550,214

6,947,933

8,498,147

8,498,147

-

-

-

-

1,550,214

6,947,933

8,498,147

8,498,147

Internal Net Sales among
Segments or AmountTransferred
Total

Segment Profit-62,053
169,599
107,546
107,546(Note) The total amount of segment profit is identical to the operating income reported on the Quarter Statements ofConsolidated Income.

(6) Notes for Significant Changes in Shareholder’s Equity
None

11

4. Overseas Net Sales (Supplemental Information)
First Quarter Ended January 31, 2012

(Thousands of Yen)
Asia

I. Overseas Net Sales

Total

1,432,362

523,555

1,955,918--

9,554,431

15.0

5.5

20.5

II. Consolidated Net Sales
III. Ratio of Overseas Net Sales to Consolidated Net Sales (%)

Other Regions(Notes)1. Areas including countries or regions are determined based on their degree of geographical proximity.
2. Main countries or regions included in the areas:(1) Asia: China, Korea, Taiwan and Indonesia(2) Other regions: America and Europe
3. Overseas net sales are sales of our company and subsidiaries made in countries and regions other than Japan.
First Quarter Ended January 31, 2013

(Thousands of Yen)
Asia

I. Overseas Net Sales
II. Consolidated Net Sales
III. Ratio of Overseas Net Sales to Consolidated Net Sales (%)

Other Regions

Total

1,067,410

252,697

1,320,108--

8,498,147

12.6

3.0

15.5

(Notes)1. Areas including countries or regions are determined based on their degree of geographical proximity.
2. Main countries or regions included in the areas:(1) Asia: China, Korea, Taiwan and Indonesia(2) Other regions: America and Europe
3. Overseas net sales are sales of our company and subsidiaries made in countries and regions other than Japan.

12