Financial Results for the Second Quarter Ended April 30, 2013
[Japan GAAP] (Consolidated)
Date:

June 4, 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: June 12, 2013
Date for Dividend Payment:

Not applicable to financial quarters.

Preparation of Supplementary Explanatory Materials for Quarterly Operating Results: Yes
Briefing Session for Quarterly Operating Results: Yes (for institutional investors)* Any fractional sums less than one million (or one thousand) yen are disregarded.
1. Consolidated Financial Data for the Second Quarter Ended April 30, 2013
(1) Results of Operation (Consolidated)

Quarter Ended April 30, 2013
Quarter Ended April 30, 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
19,370
-8.4
998
-29.7
1,075
-28.8
21,156
-4.2
1,420
-15.7
1,510
-15.9
Net Income

Quarter Ended April 30, 2013
Quarter Ended April 30, 2012

Millions of
Yen
631
1,014

Percent-37.7-4.3

Net Income per Share

Fully Diluted Quarterly
Net Income per Share

Yen
63.30
101.66

Yen-(Note) Comprehensive income
Second Quarter ended April 30, 2013: 1,107 million yen (-3.2%) Second Quarter ended April 30, 2012: 1,144 million yen (0.3%)(2) Financial Condition (Consolidated)

Quarter Ended April 30, 2013
Year Ended October 31, 2012

Total Assets (A)(Millions of Yen)
32,79233,822

Net Assets (B)(Millions of Yen)
23,242
22,534

Net Assets Ratio(B) / (A) (Percent)
70.1
66.0

(Reference) Net assets
Second Quarter ended April 30 2013: 22,996 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-Interim
Term
0.00
0.00

Annual Dividend (Yen)Third
End ofQuarter
Fiscal Year
40.00

(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: Change from the previous year for the full business year)
Net Sales
Operating Income
Ordinary Income(Millions of Yen) (Percent) (Millions of Yen) (Percent) (Millions of Yen) (Percent)
Full Business Year38,800
-6.7
1,650
-32.6
1,700
-34.8
Net Income
Net Income per Share(Millions of Yen) (Percent)
Yen
Full Business Year
1,010
-37.5
101.22(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 April 30, 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 April 30, 2013: 554,592 shares

At October 31, 2012: 554,547 shares

3) Number of average shares (accumulated quarterly total)
At April 30, 2013: 9,978,617 shares

At April 30, 2012: 9,978,684 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 interim period under review there were visible signs of a recovery in Japan’s economy, including further
depreciation of the yen and rising stock prices, which were driven by a sense of anticipation toward the new economic andmonetary policies introduced by the new administration. The result was a situation in which efforts aimed at improving
corporate profits and consumers’ purchasing behavior are likely to continue, despite lingering concerns such as Europe’s
prolonged fiscal administration problems and the economic slowdown in China and other newly developing countries.
Given such circumstances, in the Machinery & Equipment Business sales of components and repairs for domestic
public sector demand rose steadily, but sales of machines for overseas markets and sales of components and repairs
declined. In addition, in the Chemical Products Business net sales were lower in the domestic advanced materials sector
and domestic industrial materials sector, while in Hong Kong, sales of resin products declined and 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, in addition to an earnings drop that was caused mainly by the decline in sales in both businesses, asecond significant factor that reduced net income was a reaction from the level in the same period one year ago, whenearnings were boosted by a reduction in the adjustment for corporate and other 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 second quarter slipped 8.4%
from the same period last year to 19,370 million yen. Operating income was 998 million yen, 29.7% down from the same
period of the prior year, ordinary income was 1,075 million yen, 28.8% down from the same period of the prior year, and net
income was 631 million yen, 37.7% down from the same period one year earlier.
[Operating results by segment](Machinery & Equipment Business)
In the Machinery & Equipment Business, sales of components and repairs for domestic public sector demandremained strong, but in North America, where there was a change in the order environment that included an increase in thenumber of competitors, sales of centrifuge equipment for oil well drilling were lower. Orders of abrasive grain slurry
recycling equipment for China were slack, while sales of components and repairs for India and other countries overseas
contracted as well. As a result of these factors, consolidated net sales for the interim period were 5,486 million yen, 13.4%
down from the same period last year. From an earnings perspective, operating income for this business was 629 million
yen, 16.5% down from the same period of the previous fiscal year against the backdrop of the lower net sales for thebusiness as a whole.
(Chemical Products Business)
In the Chemical Products Business, sales of UV curing resin in the fine chemicals sector and sales of equipment for
use in semiconductor manufacturing in the electronics materials sector expanded steadily, but in the advanced materials
sector, sales of ceramics for use in semiconductor manufacturing struggled in the face of softer demand, while in theindustrial materials sector, sales of products such as iron and steel additives were slack, and in Hong Kong, sales of resin
products declined and sales of molding machines experienced a reactionary decrease from the same period one year
earlier. As a result of these factors, consolidated net sales for the interim period were 13,883 million yen, 6.3% down fromthe same period last year.
In terms of earnings, operating income was 368 million yen, 44.7% down from the same period one year ago.
Earnings were affected by the weak sales in Hong Kong and the decreased sales of high-margin products, and by 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 interim consolidated period under review were 32,792 million yen, 1,029 million yen or
3.0% down from the balance at the end of the previous consolidated fiscal year on October 31, 2012. Among current
assets, notes and accounts receivable-trade and inventories were lower, while cash and deposits increased. Fixed assets
also expanded with the increase in investment securities that resulted from rising stock prices, but these were not large
enough to compensate for the substantially lower amount of notes and accounts receivable-trade.
On the other hand, total liabilities stood at 9,549 million yen, 1,737 million yen or 15.4% down compared with the end of
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 an increase indeferred tax liabilities.
Net assets after dividend payments of 399 million yen totaled 23,242 million yen, up 707 million yen or 3.1% from theend of the previous consolidated fiscal year. Net assets were boosted by interim period net income of 631 million yen andan increase in the translation adjustments account because of depreciation of the yen.
The equity ratio at the end of the interim consolidated period under review increased by 4.1 points compared with theend of the previous consolidated fiscal year to 70.1%.
[Cash Flow Status]
Cash and cash equivalents as of the interim consolidated period under review was decreased by 2,673 million yen to
4,789 million yen from the end of the previous consolidated fiscal year. The status of each consolidated cash flow andtheir factors during the second quarter are as follows:(Net Cash Provided by (Used in) Operating Activities)
Net cash provided by operating activities was 552 million yen. Notes and accounts receivable-trade fell by 1,717 million
yen and inventories fell by 512 million yen, while notes and accounts payable-trade decreased by 1,749 million yen, income
taxes paid were 581 million yen and the provision for bonuses decreased by 443 million yen.
(Net Cash Provided by (Used in) Investing Activities)
Net cash used in investing activities was 3,163 million yen. This mainly reflected disbursements to time deposits of
3,100 million yen.
(Net Cash Provided by (Used in) Financing Activities)
Cash flow used in financing activities was 353 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 March 4, 2013. For details please see the“Notice Concerning Revision of Earnings Forecast” released on May 29, 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 Second quarter consolidated income is not material.

43. Consolidated Financial Statement(1) Consolidated Quarterly Balance Sheets (Second Quarter)(Thousands of Yen)
End of Previous YearEnd of Second Quarter(October. 31, 2012)(April 30, 2013)

AssetsCurrent Assets

Cash and Deposits

7,463,174

7,889,440

Notes and Accounts Receivable-Trade

13,303,606

12,039,435

Merchandise and Finished Goods

3,392,880

3,339,773

Work in Process

866,726

604,864

Raw Materials and Supplies

943,399

1,048,826

Deferred Tax Assets

567,855

385,847

Others

243,152

172,518-11,236
26,769,560-5,65625,475,050

2,350,890

2,389,312

Accumulated Depreciation-1,421,955-1,453,943

Buildings and Structures, Net

928,934

935,369

Machinery, Equipment and Vehicles

3,578,358

3,870,300-2,801,629-3,015,651

776,729854,649

Land

922,024

922,024

Lease Assets

40,902

26,989-34,864-25,087

6,038

1,901

Construction in progress

2,622,040

2,543,172

Others1,025,652

1,034,004-949,624-962,696

76,02771,3085,331,794

5,328,425

225,021233,592

Investment Securities

606,190872,977

Guarantee Deposits

384,158

254,122

Deferred Tax Assets

29,57826,254

Others522,582

647,294

Allowance for Doubtful Accounts-46,779-45,415

Total Investments and Other Assets

1,495,730

1,755,232

Total Noncurrent Assets

7,052,546

7,317,250

Total Assets

33,822,106

32,792,300

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 Second Quarter(October. 31, 2012)(April 30, 2013)

Liabilities and Net Assets
Liabilities
Current Liabilities

Notes and Accounts Payable-Trade

6,956,704

5,742,249

630,376

821,321

7,216

3,088

Accounts Payable-Others

527,111427,635

Income Taxes Payable

590,898

262,780

Advances Received

73,78954,679Provision for Bonuses

1,074,756

637,265

Provision for Directors' Bonuses

70,431

23,843

Allowance for Product Warranty

194,363

226,501

Others234,504

307,578

10,360,153

8,506,945

41,75046,485

775-

Provision for Retirement Benefits

38,942

48,231

Provision for Directors' Retirement Benefits

29,60018,680

Deferred Tax Liabilities

815,962

929,121

Total Noncurrent Liabilities

927,031

1,042,519

Total Liabilities

11,287,185

9,549,464

Capital Stock

1,061,210

1,061,210

Capital Surplus

1,483,410

1,483,410

Retained Earnings

20,396,505

20,628,983-363,393-363,462

22,577,731

22,810,141

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

23,172

168,193525

183

Foreign Currency Translation Adjustment-293,239

18,267

Total Valuation and Translation Adjustments-269,541

186,644226,731

246,050

Total Net Assets

22,534,921

23,242,835

Total Liabilities and Net Assets

33,822,106

32,792,300

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 (Second Quarter)(Thousands of Yen)
Second Quarter Ended

Second Quarter Ended

April 30, 2012

April 30, 2013

Net Sales

21,156,546

19,370,202

Cost of Sales

16,625,647

15,307,013

4,530,898

4,063,189

3,110,407

3,065,178

1,420,490

998,010

Interest Income

7,477

8,912

Dividends Income

6,723

6,751

Rent Income

5,964

4,752

Foreign Exchange Gains

53,69952,118Others35,781

27,764

109,646

100,300

4,742

6,482

35

33

Commission Paid

7,995

7,987

Sales Discount

2,405

4,384

Others

4,669

3,589

Total Non-Operating Expenses

19,84922,478

Ordinary Income

1,510,288

1,075,832

Gain on Sales of Noncurrent Assets

10,960-Gain on Sales of Investment Securities

6,141

1,098

Gain on Change in Equity Interest

6,780

-

23,881

1,098

Loss on Retirement of Noncurrent Assets

5,075

4,412

Total Extraordinary Losses

5,075

4,412

1,529,095

1,072,517

Income Taxes-Current

465,418

252,528

Income Taxes-Deferred

69,665232,287

535,084

484,816

Income before Minority Interests

994,010587,701

Minority Interests in Income or Loss (-)-20,388-43,9221,014,399

631,624

Gross 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

Total Extraordinary Income
Extraordinary Losses

Income before Income Taxes and Minority Interests

Total Income Taxes

Net Income (Loss)7

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

Second Quarter Ended

April 30, 2012

April 30, 2013

994,010587,701

Valuation Difference on Available-for-sale Securities

11,752145,020

Deferred Gains or Losses on Hedges-1,717-341

Foreign Currency Translation Adjustment

140,131374,749

Total Other Comprehensive Income

150,165

519,428

Comprehensive Income

1,144,176

1,107,129

1,142,721

1,087,810

1,455

19,319

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

Second Quarter Ended

Second Quarter Ended

April 30, 2012

April 30, 2013

1,529,095

1,072,517

Depreciation and Amortization

171,101

191,319

Increase (Decrease) in Provision for Bonuses(296,095)(443,160)

Increase (Decrease) in Provision for Directors' Bonuses(25,032)(46,587)

Increase (Decrease) in Allowance for Product Warranty(185,039)

32,137

Increase (Decrease) in Provision for Retirement Benefits

4,033

8,506

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

Increase (Decrease) in Allowance for Doubtful Accounts(40,216)(6,943)

Interest and Dividends Income(14,201)(15,664)

Interest Expenses

4,742

6,482

Foreign Exchange Losses (Gains)(4,455)(60,570)

Loss (Gain) on Sales of Investment Securities(6,141)(1,098)Loss (Gain) on Change in Equity Interest(6,780)-Losses (Gains) on Sales of Noncurrent Assets(10,960)-

Loss (Gain) on Retirement of Noncurrent Assets

5,075

4,412

Decrease (Increase) in Notes and Accounts Receivable-Trade(874,757)

1,717,146

Decrease (Increase) in Inventories

399,622

512,826

Increase (Decrease) in Notes and Accounts Payable-Trade

112,337(1,749,930)

Increase (Decrease) in Accounts Payable-Others(10,850)(101,310)

Increase (Decrease) in Advances Received

353,724(22,633)

Increase (Decrease) in Accrued Consumption Taxes(3,380)124,001

Others, Net

157,532(84,306)

1,257,190

1,126,224

Interests and Dividends Income Received

13,674

14,615Interest Expenses Paid

(4,750)(7,128)(546,647)(581,409)

719,466

552,301(3,200,000)(3,800,000)

Sub total

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
Proceeds from Withdrawal of Time Deposits

100,000

700,000

Purchase of Property, Plant and Equipment(181,029)(105,938)

3,055

50

Purchase of Intangible Assets(54,561)(26,439)

Purchase of Investment Securities(8,912)(61,798)

Proceeds from Sales of Investment Securities

12,932

7,483

Payments of Loans Receivable(3,500)(2,610)

Collection of Loans Receivable

1,218

1,847

Guarantee Deposits (Increase)

3,654

127,907

Others, Net(1,009)(3,771)(3,328,152)(3,163,270)

Proceeds from Sales of Property, Plant and Equipment

Net Cash Provided by (Used in) Investment Activities
9(Thousands of Yen)
Second Quarter Ended

Second Quarter Ended

April 30, 2012

April 30, 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

77,42055,314

Repayments of Lease Obligations(8,610)(4,904)

Repayments of Long-Term Loans-(4,210)

(73)

(68)

(399,147)(399,146)(291,518)(353,015)

65,528290,250(2,834,676)(2,673,734)

7,296,554
4,461,878

7,463,174
4,789,440

Purchase of Treasury Stock
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 】
Second Quarter Ended April 30, 2012
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

6,337,116

14,819,429

21,156,546

21,156,546

-

-

-

-

6,337,116

14,819,429

21,156,546

21,156,546

Internal Net Sales among
Segments or AmountTransferred
Total

Segment Profit
753,650
666,840
1,420,490
1,420,490(Note) The total amount of segment profit is identical to the operating income reported on the Quarter Statements ofConsolidated Income.

Second Quarter Ended April 30, 2013
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

5,486,848

13,883,353

19,370,202

19,370,202

-

-

-

-

5,486,848

13,883,353

19,370,202

19,370,202

Internal Net Sales among
Segments or AmountTransferred
Total

Segment Profit
629,242368,768
998,010
998,010(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)
Second Quarter Ended April 30, 2012

(Thousands of Yen)
Asia

I. Overseas Net Sales

Total

3,243,574

1,457,690

4,701,264--

21,156,546

15.3

6.9

22.2

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.
Second Quarter Ended April 30, 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

2,419,013

482,720

2,901,734--

19,370,202

12.5

2.5

15.0

(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