BRIEF STATEMENT OF CONSOLIDATED FINANCIAL RESULTS
FOR 3rd QUARTER OF THE FISCAL YEAR ENDING MARCH 2008

February 14, 2008

Faith, Inc. (Stock code 4295, Listed on TSE 1st section)(URL: http://www.faith-inc.com/)
Representative; Hajime Hirasawa, CEO/President
Contacts; Shigeyoshi Fujiwara, Director/General Manager, Investor & Public Relations,Tel: +81-3-5776-6255

Amounts are rounded down to the nearest JPY 1 million.
rd

1. Results for the 3 quarter of the year ending March 2008
(April 1, 2007 through December 31, 2007)(1)

Consolidated financial results
Those figures in “%” show increased/decreased ratio compared with the previous 3rd quarter of fiscal term

Q3 of the year ending March 2008
Q3 of the year ended March 2007
(Ref): Year ended March 2007

Net sales
Million of yen
36,32032,10944,152

%
13.1
52.1
-

Operating profit
Million of yen
%
1,647
60.3
1,027
△ 58.7
1,060-

Yen
1,097.33△ 3,180.24△ 1,581.81

Diluted Net Profit per shareYen
1,097.66-

Total assets
Million of yen
39,634
38,66639,442

Net Assets
Million of yen
17,29813,787
15,914

Net Profit per ShareQ3 of the year ending March 2008
Q3 of the year ended March 2007
(Ref): Year ended March 2007

Recurring Profit
Million of yen
%
1,479
63.7
903
△ 65.3853-

Net profit
Million of yen
1,306△ 3,785△ 1,883

Ratio of Equity Capital

Net Assets per Share%-(2) Consolidated financial position

Q3 of the year ending March 2008
Q3 of the year ended March 2007
(Ref): Year ended March 2007

%
40.5
34.3
38.6

2. Dividends
No dividends in every Q3.
(Record dates)
Year Ended March 2007
Year ending March 2008
Year ending March 2008 (Forecast)Interim
yen
50.00
50.00
-

Dividends per Share
Year-end
yen
50.00
50.00

1

Total (Annual)yen
100.00100.00Yen
13,496.65
11,156.16
12,797.62

3. Forecasts for the business results for the year ending March 2008
(April 1, 2007 through March 31, 2008) [Reference]
The figures in “%” show increased/decreased ratio compared with the previous fiscal year and the previous interim result.
Net salesYear ending 2008

Operating Profit

Recurring Profit

Net profit

Net profit per share

Million of yen%

Million of yen%

Million of yen%

Million of yen%

Yen

50,000

13.2

2,100

98.0

1,700

99.1

1,300

-

1,092.05

4. Others(1) Changes in the significant subsidiaries(Accompanying changes in scope of the consolidation):

None(2) Adoption of simplified accounting practices:

Applicable(3) Changes in accounting practices from the recent fiscal year:

None* Note: For details, please see page.5 “Qualitative information and financial statements 4. Others”.

* Note: The forecast described above is based on the assumption judged to be reasonable as of the data of
issuing this statement and the actual results may substantially differ from the forecast above.

2[Qualitative information and financial statements]
1. Qualitative information regarding consolidated operating results
During the 3rd quarter of the fiscal year ending March 2008, with diversified use of broadband Internet
and progresses of the mobile phone market’s transfer into the third generation communication system,
increasing distribution services of highly entertaining contents in high quality such as music, video, online
game, and daily life information including medical services, beautification and health, and expanding
convenient information services via mobile phones have continued to lead expansion of the digital content
distribution market.
Ahead of movements of the expanding digital contents distribution market, Faith Group hasaggressively promoted acquisitions and the establishment of business tie-up with leading companies, andstrived “to create new structures to distribute digital contents”. As a part of our activities, Faith Group
commenced commercial service for a new content distribution services using Near Field Rights
Management ® (NFRM), a rights authentification technology developed in-house.
Furthermore, in the electronic money business enjoying boosting demand, the settlement amount by
WebMoney continued to increase significantly, taking advantages of large market shares in the online gameand other contents distribution services.
As a result, consolidated net sales for the 3rd quarter of consolidated FY2007 increased 13.1%
compared with the same period of the previous year to ¥36,320 million, assisted by continued high growthof the electronic money business and steady expansion of the domestic content distribution services due toactive business deployments including acquisitions and business tie-ups. Consolidated operating profit
increased 60.3% from the same period of the previous year to ¥1,647 million and realignment of overseas
business contribute to recurring profit rose by 63.7% compared with the same period last year to ¥1,479
million. Net profit for the 3rd quarter of fiscal 2007 stood at ¥1,306 million (3rd quarter of fiscal 2006: loss
at ¥3,785 million), due to gain on sale of the U.S. content distribution businesses in addition to the increaseof recurring profit.

Information on each business segment is as follows:<Content Distribution Business>
Since the commencement of commercial service utilizing NFRM in June 2007, Faith Group had strived
to spread it by improving the user environment and increasing contents available for the service.
In October the same year, infrared-based NFRM demonstration was held using "Internet AQUOS," aPC-TV of Sharp Corporation.
In the following November, "KAZAS Channel" was launched as one of the official i-mode sites. The
mobile-site is a total portal site for mobile phones to distribute NFRM corresponding video contents. GIGA
Networks, Inc. in Faith Group, the first company to have utilized NFRM for commercial service, hasstarted developing charged services of video distribution with cooperation of contents owners both within
and out of the Group.
Another Group company, Faith.biz, Inc., established in May 2007 aiming to business expansion through3

construction of new distribution platform, developed a high-definition video player for mobile phones
which enables full-screen viewing and launched the products in November.
In addition, in the same month, Brave, Inc. in the Group launched "viBirth.com" to support activities ofmusicians and video creators by providing a medium "scheme" which enables these creators to deliver theircreation directly to the consumers.
As a result, despite steady expansion related business tie-ups and acquisitions of the domestic content
distribution business, consolidated net sales of the content business for the 3rd quarter of FY2007
decreased 12.8% against the same period last year to ¥11,934 million, due to decrease in overseas sales of
the content distribution business resulted from realignment of overseas business. Operating profit decreasedby 42.6% compared with the same period of the previous year to ¥1,168 million, due to an increase of
royalty for digital contents distribution such as music and video and prior investments for creation of newmarkets, in addition to a decrease in net sales.

<Electronic Money Business>
According to the Information and Communications Statistics Database of the Ministry of Internal
Affairs and Communications, subscriptions of broadband network exceeded 27.7 million at the end of
September 2007. Demand for online games, main users of electronic money, as well as demand for digitalcontents such as music and video distribution continued to increase. Under these circumstances, settlement
amount of “WebMoney (electric payment service)” steadily increased, which enables “safe” and“convenient” payment via Internet.

In addition, dramatic improvement of online charge function of“WebMoney Wallet”, which is used for online settlement, contributed to enhance convenience for users.
As a result, consolidated net sales of the electronic money business increased by 44.1% compared withthe same period of the previous year to ¥23,227 million, and operating profit increased by 21.8% comparedwith the same period last year to ¥417 million.

2. Qualitative information regarding consolidated financial positions
Total assets as of the end of the 3rd quarter of FY2007 increased by ¥192 million from the end of theprevious consolidated fiscal year to ¥39,634 million, despite ¥3,000 million of redemption of borrowings,
due to sellout of the U.S. content distribution business and steadily growing of electronic money business.
Net assets rose by ¥1,384 million against the end of the previous consolidated fiscal year to ¥17,298 million.
Shareholders’ equity ratio advanced by 1.9 percent point from the end of March 2007 to 40.5%.

3. Qualitative information regarding forecast of consolidated financial results
Since operating results for the 3rd quarter of FY2007 have advanced as planned compared with
forecasts in the BRIEF STATEMENT OF ANNUAL FINANCIAL RESULTS FOR THE YEAR ENDED
MARCH 2007 AND FORECASTS FOR THE YEAR ENDING MARCH 2008 released on May 11, 2007,
and in the BRIEF STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE FIRST HALF
OF THE FISCAL YEAR ENDING MARCH 2008 released on November 14, 2007, the Company has notrevised forecasts for consolidated operating results for fiscal 2007.
4

4. Others(1) Changes in major subsidiaries during the 3rd quarter of FY2007 (Changes in specific subsidiaries
causing change in the scope of consolidation): None
Changes in subsidiaries other than specific subsidiaries are as follows:
New consolidation: MVP Co, Inc. and Media Complex Co., Ltd.
Exclusion: None

(2) Adoption of simplified methods in accounting methods
At the presentation of financial statements for the 3rd quarter of fiscal 2007, the Company has compliedwith the accounting standards for interim consolidated financial statements. However, as for items
lacking any significant importance in effects, the Company adopts the simplified methods.

(3) Changes in accounting standards: None5

5. Consolidated financial Results for the 3rd quarter(1) Consolidated Balance Sheet for the 3rd Quarter(Unit: thousands of yen, %)Account name

FY 2006 Q3(As of December 31, 2006)
Amount(Assets)
I. Current assets
1. Cash and deposits
2. Accounts and notes receivable
3. Marketable securities
4. Inventories
5. Deferred tax assets
6. Others
Allowance for doubtful accounts
Total current assets
II. Fixed assets
1. Tangible fixed assets
2. Intangible fixed assets(1) Goodwill(2) Others
Total intangible fixed assets
3. Investment and other assets(1) Investment securities(2) Deposits with landlords(3) Others
Allowance for doubtful receivable
Total investments and other assets
Total fixed assets
III. Deferred charges
1.Expenditure for stock delivering prescription
Total deferred charges
Total assets

Component
percentage

8,382,626
7,923,043
374,949
50,858764,840
2,433,487△ 113,809
19,815,997

51.3

FY 2007 Q3(As of December 31, 2007)
Amount12,799,513
8,375,568
265,228
435,348
1,153,160
1,390,314△ 240,113
24,179,020

Component
percentage

61.0

FY 2006(As of March 31,2007)
Amount8,217,827
6,929,263
347,644636,880
1,350,004
2,755,128△ 206,234
20,030,513

Component
percentage

50.8

1,314,073

854,989

1,031,386

10,816,507
1,013,629
11,830,136

8,550,697
877,612
9,428,309

10,293,255
887,019
11,180,274

3,800,648
1,493,603
958,550△ 555,465
5,697,337
18,841,547

48.7

4,051,292
1,810,103△ 714,636
5,146,759
15,430,059

38.9

5,273,058
1,440,442
1,217,440△ 739,117
7,191,823
19,403,485

49.2

9,126
9,126
38,666,671

0.0
100.0

25,24525,24539,634,325

0.1
100.0

8,161
8,161
39,442,160

0.0
100.0

6

(Liabilities)
I. Current liabilities
1. Trade Notes and Accounts payable

4,780,062

5,606,431

4,648,274

2. Short-term loans

6,566,274

3,049,349

5,215,768

3. Income taxes payable

474,579

644,198580,2422,460,440

2,970,697

2,511,846

5. Allowance for points

576,057

476,673553,247

6. Allowance for bonus payments

87,90856,493

129,177

2,054,868

1,793,719

1,844,707

4. Allowance for costs of card use

7. Others
Total current liabilities

17,000,191

44.0

14,597,565

36.8

15,483,265

39.3

II. Fixed liabilities
1. Long-term liabilities
2. Deferred tax liabilities

7,011,827

5,331,671

6,119,854-

445,554535,501

3. Allowance for retirement benefits
4. Allowance for retirement benefits for
directors
5. Reserve for guarantee losses

31,461

46,38035,535

142,604---

1,255,650

1,298,550

6. Others

692,943

658,558

54,611

Total fixed liabilities

7,878,837

20.3

7,737,815

19.6

8,044,052

20.4

Total liabilities

24,879,028

64.3

22,335,380

56.4

23,527,318

59.7

1. Common stock

3,218,000

8.3

3,218,000

8.1

3,218,000

8.2(Net assets)
I. Shareholders equity
2. Capital surplus

3,708,355

9.6

3,708,355

9.4

3,708,355

9.4

3. Accumulated income

5,373,790

13.9

8,463,848

21.3

7,276,602

18.4

4. Treasury stock△ 354,269
11,945,875

△ 0.9
30.9

△ 354,269
15,035,933

△ 0.9
37.9

△ 354,269
13,848,687

△ 0.9
35.1

1. Unrealized gain on available-for-salesecurities

1,071,818

2.8

955,736

2.4

1,195,867

3.0

2. Foreign currency translation adjustment
account

262,8260.7

75,012

0.2

189,991

0.5

1,334,645

3.5

1,030,749

2.6

1,385,858

3.5

487

0.0

487

0.0

487

0.0

487

0.0

487

0.0

487

0.0

Total shareholders’ equity
II. Valuation and translation adjustments

Total valuation and translation
adjustments
III. Share warrant
1. subscription right
Total share warrant
IV. Minority interest

506,634

1.3

1,231,773

3.1

679,808

1.7

Total Net assets

13,787,642

35.7

17,298,944

43.6

15,914,842

40.3

Total liabilities and net assets

38,666,671

100.0

39,634,325

100.0

39,442,160

100.0

7

(2) Consolidated Income Statement for the 3rd Quarter(Unit: thousands of yen, %)Account name

FY 2006 Q3 (April 1 2006 FY 2007 Q3 (April 1 2007
through December 31,2006) through December 31,2007)

I. Net sales

Component
percentage
32,109,870
100.0

Component
percentage
36,320,008
100.0

II. Cost of Sales

22,397,393

26,514,290

AmountGross profit
III. Selling, general and administrative expenses
Operating income

69.8

Amount73.0

FY 2006 (April 1 2006
through March 31,2007)
Component
percentage
44,152,751
100.0

Amount31,215,018

70.7

9,712,476

30.2

9,805,718

27.0

12,937,733

29.3

8,684,757

27.0

8,158,291

22.5

11,877,157

26.9

1,027,719

3.2

1,647,426

4.5

1,060,576

2.4

IV. Other income

125,571

0.4

345,170

1.0

132,383

0.3

V. Operating expenses

249,5400.8

512,934

1.4

339,293

0.8

Ordinary profit

903,7502.8

1,479,662

4.1

853,667

1.9

VI. Extraordinary profit
1. Gain on disposal of fixed assets
2. Gain on transfer of operation
3. Gain on sale of investments in securities
4. Gain on sale of subsidiaries
5 Change of scope of equity method
6. Others
Total extraordinary profit-

228,505--

835,896-

27,775-31,854-140,983

3,380,630

139,137

405,490

139,137

9,772-

176,6850.6

1,610,876

161,501
4.5

3,713,124

8.4

VII. Extraordinary loss
1. Loss from disposal of fixed assets

324,765

31,930363,862

2. Loss on revaluation of investments in securities

449,273

106,022449,273

3. Transfer to allowance for bad debt

430,115

10,000622,063

4. Amortization of goodwill

2,977,395-

2,989,387-

160,000--

38,682-91,424

1,832

1,852,945

5. Loss from entrusted development
6. Prior period adjustment
7. Others
Total extraordinary loss
Income before income taxes and minority
interests (minus is loss)
Income taxes and other taxes
Minority interests (minus is loss)
Net profit (minus is loss)

4,272,975

13.3

348,468

1.0

6,277,532

14.2△ 3,192,538△ 9.9

2,742,071

7.6 △ 1,710,741△ 3.9

631,433

2.0

1,281,093

3.6

18,9380.0

0.4△ 153,333
3.6 △ 1,883,013△ 4.3△ 38,147△ 0.1

154,689△ 3,785,825△ 11.81,306,288

8

△ 0.4

(3) Consolidated statement of changes in net assets
FY 2006 Q3 (April 1 2006 through December 31, 2006)
Thousands of yen

Balance as of March 31, 2006
Changes of items during theaccounting period
Cash dividends of surplus *Bonuses to directors andcorporate auditors *Net loss
Decrease for change inaccounting procedure ofcontrolled foreign company
Net changes of items other thanshareholders' equity
Total changes of items during theaccounting period
Balance as of December 31, 2006

Balance as of March 31, 2006
Changes of items during theaccounting period
Cash dividends of surplus *Bonuses to directors andcorporate auditors *Net loss
Decrease for change inaccounting procedure ofcontrolled foreign company
Net changes of items other thanshareholders' equity
Total changes of items during theaccounting period
Balance as of December 31, 2006

Shareholders' equity
CapitalRetained
Total shareholders'surplusearnings
Treasury stock
equity9,408,748
15,980,834△ 354,269
3,708,355

Common stock
3,218,000△ 119,042△ 119,042△ 39,000△ 3,785,825△ 39,000△ 3,785,825△ 91,091△ 91,091- △ 4,034,958
5,373,790
3,708,355

3,218,000△ 354,269△ 4,034,958
11,945,875

Valuation and translation sdjustments
Share warrant
Net unrealized
Foreign
Total
gains oncurrency
valuation andinvestment
translationtranslation
Subscription
Minority interests Total net assets
securities
adjustments adjustments
right3,401,193
243,952
3,645,145
487
342,525
19,968,992△ 119,042△ 39,000△ 3,785,825△ 91,091△ 2,329,375

18,874 △ 2,310,500-

164,108△ 2,146,392△ 2,329,375
1,071,818

18,874 △ 2,310,500
262,826
1,334,645

487

164,108
506,634△ 6,181,350
13,787,642* Items of appropriation of income at the annual meeting of stockholders in June, 2006.

9

FY 2007 Q3 (April 1 2007 through December 31, 2007)
Thousands of yen

Balance as of March 31, 2007
Changes of items during theaccounting period
Cash dividends of surplus *Net profit
Net changes of items other thanshareholders' equity
Total changes of items during theaccounting period
Balance as of December 31, 2007

Balance as of March 31, 2007
Changes of items during theaccounting period
Cash dividends of surplus
Net profit
Net changes of items other thanshareholders' equity
Total changes of items during theaccounting period
Balance as of December 31, 2007

Shareholders' equity
CapitalRetained
Total shareholders'surplusearnings
Treasury stock
equity7,276,602
13,848,687△ 354,269
3,708,355

Common stock
3,218,000△ 119,042
1,306,288

3,218,000

3,708,355△ 119,042
1,306,288

1,187,246
8,463,848△ 354,269

1,187,246
15,035,933

Valuation and translation sdjustments
Share warrant
Net unrealized
Foreign
Total
gains oncurrency
valuation andinvestment
translationtranslation
Subscription
Minority interests Total net assets
securities
adjustments adjustments
right1,195,867
189,991
1,385,858
487
679,808
15,914,842△ 119,042
1,306,288△ 240,130△ 114,978△ 355,109-

551,965

196,856△ 240,130955,736△ 114,97875,012△ 355,109
1,030,749

487

551,965
1,231,773

1,384,102
17,298,944

10

FY 2006 (April 1 2006 through March 31, 2007)
Thousands of yen

Balance as of March 31, 2006
Changes of items during theaccounting period
Cash dividends of surplus *Cash dividends of surplus
Bonuses to directors andcorporate auditors *Net loss
Decrease for change inaccounting procedure ofcontrolled foreign company
Net changes of items other thanshareholders' equity
Total changes of items during theaccounting period
Balance as of March 31, 2007

Shareholders' equity
CapitalRetained
Total shareholders'surplusearnings
Treasury stock
equity9,408,748
15,980,834△ 354,269
3,708,355

Common stock
3,218,000△ 59,521△ 59,521△ 59,521△ 59,521△ 39,000△ 1,883,013△ 39,000△ 1,883,013△91,091△ 91,091- △ 2,132,146
7,276,602
3,708,355

3,218,000

Valuation and translation sdjustments

Balance as of March 31, 2006
Changes of items during theaccounting period
Cash dividends of surplus *Cash dividends of surplus
Bonuses to directors andcorporate auditors *Net loss
Decrease for change inaccounting procedure ofcontrolled foreign company
Net changes of items other thanshareholders' equity
Total changes of items during theaccounting period
Balance as of March 31, 2007

△ 354,269△ 2,132,146
13,848,687

Share warrant

Net unrealized
Foreign
Total
gains oncurrency
valuation andinvestment
translationtranslation
Subscription
Minority interests Total net assets
securities
adjustments adjustments
right3,401,193
243,952
3,645,145
487
342,525
19,968,993△ 59,521△ 59,521△ 39,000△ 1,883,013△ 91,091△ 2,205,326△ 53,960 △ 2,259,287△ 2,205,326
1,195,867△ 53,960 △ 2,259,287
189,991
1,385,858* Items of appropriation of income at the annual meeting of stockholders in June, 2006.

11

487

337,282△ 1,922,004

337,282
679,808△ 4,054,151
15,914,842

(4) Segmental Information<1>Industry segments
3rd quarter of the previous fiscal year (April 1, 2006 through December 31, 2006)(Unit: thousands of yen)Contents distribution
services

Electronic
payment
solution

MVNO

OthersEliminations/
Corporate

Total

Consolidated

Net sales(1) Sales to customers

13,656,504

16,122,394

6,546

2,324,424

32,109,870-

32,109,870(2) Intersegment sales

80,119

1,452

-

-

81,571

Total

13,736,624

16,123,846

6,546

2,324,424

32,191,442△ 81,571△ 81,571

32,109,870

Operating expenses

11,613,225

15,780,718

1,285,774

2,484,503

31,164,222

Operating income

2,123,398

343,127△ 1,279,227△ 160,078

1,027,219△ 82,071
500

31,082,150
1,027,719

3rd quarter of this fiscal year (April 1, 2007 through December 31, 2007)(Unit: thousands of yen)Contents distribution
Electronic
services
Money solution

OthersTotal

Eliminations/
Corporate

Consolidated

36,320,008

Net sales(1) Sales to customers

11,934,520

23,227,505

1,157,981

36,320,008-(2) Intersegment sales

149,528

4,753-

154,282△ 154,282

-

Total

12,084,049

23,232,259

1,157,981

36,474,290△ 154,282

36,320,008

Operating expenses

10,915,873

22,814,473

1,081,829

34,812,177△ 139,595

34,672,581

Operating income

1,168,175

417,785

76,152

1,662,113△ 14,686

1,647,426

Previous consolidated fiscal year (April 1, 2006 through March 31, 2007)(Unit: thousands of yen)Contents distribution
Electronic
services
Money solution

MVNO

OthersTotal

Eliminations/
Corporate

Consolidated

Net sales(1) Sales to customers

18,521,680

22,650,535

24,7182,955,816

44,152,751-

44,152,751(2) Intersegment sales

128,385

2,400

-

-

130,785

Total

18,650,065

22,652,935

24,7182,955,816

44,283,536△ 130,785△ 130,785

44,152,751

Operating expenses

16,040,748

22,179,663

1,857,699

3,133,882

43,211,994

Operating income

2,609,317

473,272△ 1,832,980△ 178,066

1,071,542

12△ 119,819△ 10,966

43,092,175
1,060,576

Note: Change of segment configuration
Effective from the first half of this fiscal year, Faith partly changed its segment configuration as
follows: “Contents distribution services” is renamed as “Contents services.” At the same time, theproduction of movies, which was previously classified as “Others”, is reclassified to “Contents services.”
This change was made to reflect the reality of the expanding business practice, which is already out of theframe of “contents distribution”, and functioning as a whole service from planning, production, anddistribution of various contents such as music, video, and game, to development and provision of platforms
which enables the effective distribution of the contents.
By using the same segment configuration as the third quarter of this fiscal year and the previous
consolidated fiscal year are shown as follows:

3rd quarter of the previous fiscal year (April 1, 2007 through December 31, 2007)(Unit: thousands of yen)Contents distribution
Electronic
services
Money solution

MVNO

OthersTotal

Eliminations/
Corporate

Consolidated

32,109,870

Net sales(1) Sales to customers

13,682,160

16,122,394

6,546

2,298,768

32,109,870-(2) Intersegment sales

80,119

1,452

-

-

81,571△ 81,571-

Total

13,762,280

16,123,846

6,546

2,298,768

32,191,442△ 81,571

32,109,870

Operating expenses

11,726,383

15,780,718

1,285,774

2,370,845

31,163,722△ 81,571

31,082,150

Operating income

2,035,896

343,127△ 1,279,227△ 72,076

1,027,219-

1,027,719

Previous consolidated fiscal year (April 1, 2006 through March 31, 2007)(Unit: thousands of yen)Contents distribution
Electronic
services
Money solution

MVNO

OthersTotal

Eliminations/
Corporate

Consolidated

Net sales(1) Sales to customers

18,572,430

22,650,535

24,7182,905,066

44,152,751-

44,152,751(2) Intersegment sales

128,385

2,400

-

-

130,785

Total

18,700,815

22,652,935

24,7182,905,066

44,283,536△ 130,785△ 130,785

44,152,751

Operating expenses

16,215,902

22,179,663

1,857,699

2,958,728

43,211,994

Operating income

2,484,913

473,272△ 1,832,980△ 53,662

1,071,542

13△ 119,819△ 10,966

43,092,175
1,060,576

<2> Geographical segments
3rd quarter of the previous fiscal year (April 1, 2006 through December 31, 2006)

Japan

Americas

Europe

Total(Unit: thousands of yen)
Eliminations/
Consolidated
Corporate

Net sales(1) Sales to customers

29,007,757

2,256,491

845,62132,109,870-

32,109,870(2) Intersegment sales-

520,558

93,408613,967△ 613,967-

29,007,757

2,777,050

939,030

32,723,837

26,385,039

4,275,675

1,035,403

31,696,118△ 613,967△ 613,967

32,109,870

Operating expenses
Operating income

2,622,717△ 1,498,625△ 96,372

1,027,719-

1,027,719

Total

31,082,150

3rd quarter of this fiscal year (April 1, 2007 through December 31, 2007)
Sales result of overseas is omitted from geographical segments since Net sales in Japan doinatedmore than 90% of total sales.
Previous consolidated fiscal year (April 1, 2006 through March 31, 2007)(Unit: thousands of yen)Japan

Americas

EuropeTotal

Eliminations/Corporate

Consolidated

Net sales(1) Sales to customers

39,711,293

3,262,981

1,178,476

44,152,751-(2)Intersegment sales-

762,490

139,444

901,934△ 901,934-

39,711,293

4,025,471

1,317,921

45,054,686

44,152,751

Operating expenses

36,457,943

6,025,549

1,510,616

43,994,110△ 901,934△ 901,934

Operating income

3,253,349△ 2,000,077△ 192,695

1,060,576-

1,060,576

Total

14

44,152,751

43,092,175

<3>Sales to foreign customers
3rd quarter of the previous fiscal year (April 1, 2006 through December 31, 2006)(Unit: thousands of yen)

North America
I. Net sales to foreign customers

OthersTotal

2,919,587

1,317,899

4,237,487––

32,109,870

9.1

4.1

13.2

II. Consolidated sales
III. Ratio of foreign sales to consolidated sales (%)

3rd quarter of this fiscal year (April 1, 2007 through December 31, 2007)
Net sales to foreign customers is omitted, since it consists of less than 10% of consolidated Net sales.

Previous consolidated fiscal year (April 1, 2006 through March 31, 2007)(Unit: thousands of yen)

North America
I. Net sales to foreign customers

OthersTotal

1,758,619

5,990,555––

44,152,751

9.6

4.0

13.6

4,231,936

II. Consolidated sales
III. Ratio of foreign sales to consolidated sales

15