Summary of Business Results for FY December 2005
(Consolidated)
Date: February 14, 2006
Company
St o c k C o d eURL
Representative
C o n t a c t

Funai Zaisan Consultants Co., Ltd.

Registered on the TSE Mothers
Head office location: Tokyo8929
http://www.funai-zc.co.jp
Yoshihito Hirabayashi
Ti t l e o f E x e c u t i v e Director and Administration Manager
Name
Hisao Nakatsuka
TEL
03-5321-7020
Date of the meeting of board of directors
February 14, 2006
Application of US Accounting Standard
None

１. Business Results as of FY December 2005

(January 1, 2005 − December 31, 2005)（Note: Rounded down to ¥ Million）(1) Results of Operations

December 2005
December 2004

Net Sales¥ Million
11,2378,315%
35.1
22.8

Net Income
Per share

Net Income

December 2005
December 2004

¥ Million
640
428

Operating Income¥ Million%
1,283
45.8
880
56.1%
49.4
43.3

Diluted Net
Income per share¥

24,750.98
121,829.70¥110,728.54

Ordinary Income¥ Million%
1,115
45.5
766
48.2

Ratio of Net
Income toShareholders’Equity%18.9
18.2

Ratio ofRecurring
Income tototal Asset%
10.2
12.6

Ratio ofRecurring
Income toNet Sales%
9.9
9.2(Note) 1. Earnings/loss on investments in equity-method affiliates
Fiscal year ended December 2005: ¥33million
Fiscal year ended December 2004: ¥13million
2. Average number of shares outstanding (consolidated)
Fiscal year ended December 2005: 25,890sharesFiscal year ended December 2004: 3,521shares
3.Changes in accounting principles applied: None
4.The percentages shown for net sales, operating income, ordinary income, and net income representchanges from the same period in the previous fiscal year.
（Note: Rounded down to ¥ Million）(2) Consolidated Financial Position
Total Assets¥
December 2005
December 2004

Shareholders’ Equity
Million

14,535
7,358¥ Million
3,732
3,055

Shareholders’ equity tototal assets
％
25.7
41.5

Shareholders’equity per share¥
142,418.27
729,603.39(Note) 1. Number of shares outstanding (consolidated) at end of period:
Fiscal year ended December 2005: 26,206sharesFiscal year ended December 2004: 4,188shares(3) Results of Cash FlowsNet cash flows by
operating activities
December 2005
December 2004

¥ Million-3,513272

Net cash flows by
investment activities¥-842-197

MillionNet cash flows by
financial activities¥ Million
5,403
1,513

(4) Matters concerning the scope of consolidation and the application of the equity method
Consolidated subsidiaries: 8
Unconsolidated subsidiaries accounted for under the equity method: 0
Affiliates accounted for under the equity method: 19− 1 −Balance of cash and cash
equivalents at the end ofyear¥ Million
3,957
2,910

(5) Changes in the scope of consolidation and affiliates accounted for under the equity method
Consolidated subsidiaries: New: 8 ,Excluded: 2
Affiliates accounted for under the equity method: New: 3 ,Excluded: 7
２．Forecast of Financial Performance in FY December 2006 (January 1, 2006 − December 31, 2006)
Net Sales¥Interim
FY ending Dec.
2006

Ordinary Income
MillionNet Income¥Million¥

6,642751

414

12,7501,250688（Note）Forecast net income per share forMillion

the year: 26,253.53 yen＊Above forecasts regarding future performance in these materials are based on judgments made in accordancewith information available at the time this report was prepared. Forecasts therefore embody risks and uncertainties.
Actual results may differ significantly from these forecasts for a number of factors.

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