October 29, 2014

First Half Consolidated Earnings Report for Fiscal 2014, Ending March 31, 2015
[Japanese Standards] (Consolidated)
Company name:
Ryosan Company, Limited
Stock listing: First Section, Tokyo Stock Exchange
Securities code:
8140
URL http://www.ryosan.co.jp
Representative
Naoto Mimatsu, Representative Director and President
Inquiries:
Hidekazu Sano, Director and General Manager, Financing and Accounting Headquarters
TEL: 03-3862-2591
Scheduled filing date of quarterly earnings report:
November 14, 2014
Scheduled payment date of dividend:
December 2, 2014
Supplementary materials for the quarterly financial results:
Yes
Investor conference for the quarterly financial results:
Yes (for security analysts and institutional investors)(Millions of yen rounded down)

1. Consolidated results for the first half of fiscal 2014 (April 1, 2014 to September 30, 2014)(1) Consolidated operating results (Cumulative)(% figures represent year-on-year increase or decrease)
Net sales

Operating income

Ordinary income

Net income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

120,121

8.1

2,596

17.6

2,432

13.0

1,407

5.0

111,092
4.6
2,208
4.2
(Note) Comprehensive income
First Half, Fiscal 2014: 3,190 million yen (36.2%)
First Half, Fiscal 2013: 2,341 million yen (199.5%)
Net income per
Net income per share
share
after dilution

2,152(15.2)

1,340(13.7)First Half, Fiscal 2014
First Half, Fiscal 2013

Yen

Yen

44.73
42.16

―
―

Total assets

Net assets

First Half, Fiscal 2014
First Half, Fiscal 2013

(2) Consolidated financial position
Net assets to total assets

Net assets per share

Millions of yen

Millions of yen%

Yen

September 30, 2014
168,564
March 31, 2014
169,247(Reference) Shareholders equity:
September 30, 2014: 120,614 million yen
March 31, 2014: 118,729 million yen

120,614
118,72971,6
70.2

3,833.51
3,773.51

2. Dividends
Dividends per share (Yen)End of 1Q

End of 2Q

Yen

End of 3Q

Yen

Fiscal 2013―
Fiscal 2014―
Fiscal 2014 (Forecast)(Note) Revision of dividend forecasts: No

30.00
35.00

End of FY

Yen

Total
Yen

Yen

―

30.00

60.00

―

35.00

70.00

3. Forecast of results for the fiscal 2014 (April 1, 2014 to March 31, 2015)
Net sales
Millions of yen(% figures represent year-on-year increase or decrease)
Net income per
Ordinary income
Net income
share

Operating income%

Full Fiscal Year
229,000(3.9)(Note) Revision of financial results forecasts: Yes

Millions of yen%

Millions of yen%

Millions of yen

%

Yen

5,400

5.0

5,300

4.9

3,400

5.5

108.06

* Notes(1) Transfer of major subsidiaries during the scope of consolidation of these six months ended September 30, 2014 (transfer of
specified subsidiaries in line with changes in the consolidated range):New:－ (Company name:)

Excluded:No－ (Company name:)(2) Applying accounting procedures specific to preparing quarterly financial statements: No(3) Changes in accounting principles, changes in accounting estimates, and restatements
1) Changes in accordance with revisions to accounting standards and related practices of accounting principles: Yes
2) Changes in items of accounting principles other than 1) above: No
3) Changes in accounting estimates: No4) Restatements of revisions: No(4) Number of shares issued and outstanding (common stock)
1. Total number of shares issued and outstanding(including treasury stock) at the period-end
2. Total number of treasury stock at theperiod-end
3. Average number of shares outstanding during
the period (Cumulative total for the quarterly
consolidated period)

September 30, 2014

31,500,000 sharesFiscal 2013

31,500,000 shares

September 30, 2014

36,652 sharesFiscal 201336,209 sharesFirst half,
Fiscal 2014

31,463,612 sharesFirst half,
Fiscal 2013

31,802,990 shares

Indication regarding the implementation status of the quarterly review procedure
This quarterly consolidated earnings report is not subject to the quarterly review procedures pursuant to the Financial Instruments andExchange Act. As of the disclosure of this earnings report, the procedures for reviewing quarterly financial statements pursuant to the
Financial Instruments and Exchange Act are in progress.
Caution with respect to forward-looking statements:(Notes on forward-looking statements)
1. The estimates referred in this report were made based on the information available as of the date of this release. The Company does notpromise the realization of the estimates in this report. The Actual results could significantly differ from the estimates due to a variety offactors. For details on the conditions that form the assumptions used for earnings forecasts and notes on using earnings forecasts, pleaserefer to appendix page 3, “1. Qualitative Information Regarding these Quarterly Statements (3) Qualitative Information Concerning
Consolidated Forecast and Other Future Predictions.”
2. We will host Security Analyst and Institutional Investor Conference on Tuesday, November 18, 2014.
Presentation materials for results briefing for the conference will be posted on the company's homepage promptly after the conference.

○Table of contents of the appendix
1.

Qualitative Information Regarding these Quarterly Statements .................................................................................................. 2(1) Qualitative Information Concerning Consolidated Operating Results .................................................................................. 2(2) Qualitative Information Concerning Consolidated Financial Position .................................................................................. 2(3) Qualitative Information Concerning Consolidated Forecast and Other Future Predictions .................................................. 3

2.

Items Regarding Summary Information (Notes) ......................................................................................................................... 3(1) Transfer of Major Subsidiaries during the Scope of Consolidation of this Quarter ............................................................... 3(2) Applying Accounting Procedures Specific to Preparing Quarterly Financial Statements...................................................... 3(3) Changes in Accounting Principles, Changes in Accounting Estimates and Restatements ..................................................... 4

3.

Consolidated Quarterly Financial Statements ............................................................................................................................. 5(1) Consolidated Quarterly Balance Sheets ................................................................................................................................ 5(2) Consolidated Quarterly Statements of Income and Consolidated Quarterly Comprehensive Statements of Income ............ 7
Consolidated Quarterly Statements of Income
Scope of Consolidation of this First Half Period ........................................................................................................ 7
Consolidated Quarterly Comprehensive Statements of Income
Scope of Consolidation of this First Half Period ........................................................................................................ 8(3) Consolidated Quarterly Statements of Cash Flows ............................................................................................................... 9(4) Notes Regarding Consolidated Quarterly Financial Statements ............................................................................................ 10(Notes Regarding Going Concern) ........................................................................................................................................ 10(Notes Regarding Substantial Changes in Shareholders’ Equity).......................................................................................... 10(Segment Information) .......................................................................................................................................................... 10

4.

Supplementary Information ........................................................................................................................................................ 11(1) Geographical Segment Information ...................................................................................................................................... 11(2) Overseas sales ....................................................................................................................................................................... 12-1-

1. Qualitative Information Regarding these Quarterly Statements(1) Qualitative Information Concerning Consolidated Operating Results1) Overview
In the global economy in the consolidated first half period (April 1, 2014 to September 30, 2014), moderate
economic recovery continued mainly in the United States. Despite sluggish growth, the Asian economy remainedrobust. Also in Europe, although mild, overall economy showed signs of a comeback. Meanwhile, the Japanese
economy experienced a temporary stagnation due to the reaction to the rush of demand caused by the consumption
tax hike.
Within this economic environment, the electronics industry recorded a healthy growth in such fields as car
electronics and FA.
Under such circumstances, the Ryosan Group pursues changing business model in response to structuralchanges in our operations, as well as sustainable growth, while setting the pursuit of “innovation” and “growth” as
our basic stance of management for fiscal year 2014 being the starting year for our 9th Medium-Term Management
Plan (fiscal years 2014 to 2016). To implement this basic stance, we focused on our three basic strategies - Growth
Strategies, Segment Strategies, and Infrastructure Strategies.
As the result, the Ryosan Group reported net sales of 120,121 million yen (up 8.1% from the same period lastyear), operating income of 2,596 million yen (up 17.6%), ordinary income of 2,432 million yen (up 13.0%), andnet income of 1,407 million yen (up 5.0%) for results of this consolidated first half.
2) Business Segment Informationa. Semiconductors
We sell memories, system LSIs and discrete semiconductors, and develop system LSIs. In this consolidated
first half period, sales including system LSIs for in-vehicle electrical components and memories for smartphones
increased, with net sales of 80,092 million yen (up 7.7% from the same period last year) and operating income of
1,611 million yen (up 18.1%).
b. Electronic Components
We sell display devices, power supplies and electromechanical components. In this consolidated first half
period, sales including mechanism parts for in-vehicle electrical equipment increased, with net sales of 30,452
million yen (up 6.9% from the same period last year), and operating income of 699 million yen (up 7.4%).
c. Electronic Equipment
We sell systems equipment and facilities equipment. In this consolidated first half period, sales including
electronic component manufacturing devices increased, with net sales of 9,577 million yen (up 15.6% from thesame period last year), and operating income of 435 million yen (up 41.7%).
(Note) Effective from this consolidated first half period, the Group has revised its business classification into
three segments - "Semiconductors", "Electronic Components", and "Electronic Equipment" - after transferring its
heat sink production business to Sankyo Thermotech Co., Ltd., as of September 1, 2014.
(2) 1) Qualitative Information Concerning Consolidated Financial Position
At the end of this second quarter, total assets had decreased by 682 million yen, as compared with the level atthe end of the previous fiscal year, and came to 168,564 million yen.
Also, net assets increased by 1,885 million yen, as compared with the level at the end of the previous fiscal year,
and came to 120,614 million yen, with the ratio of net assets to total assets being 71.6%.
2) Overview of Cash Flows
As of September 30, 2014, cash and cash equivalents had increased by 4,656 million yen, as compared with thelevel at the end of the previous fiscal year, and came to 54,568 million yen.
Net cash provided by (used in) operating activities
Regarding cash flow from operating activities in this consolidated first half period, in spite of a 2,802 million
yen decrease in notes and accounts payable-trade, there was an overall increase of 6,063 million yen due to a-2-

5,935 million yen decrease in notes and accounts receivable-trade, besides the amount of 2,406 million yen
recorded in income before income taxes. For a comparison, in net cash from operating activities in the same
period of previous year, funds had increased by 1,391 million yen.
Net cash provided by (used in) investing activities
Regarding cash flow from investing activities in this consolidated first half period, funds increased by 990
million yen due to 1,200 million yen in proceeds from transfer of business, etc. For a comparison, in net cashfrom investing activities in the same period of previous year, funds had decreased by 203 million yen.
Net cash provided by (used in) financing activities
Regarding cash flow from financing activities in this consolidated first half period, funds decreased by 2,784
million yen due to 1,763 million yen in decrease in short-term loans payable, and 946 million yen in paymentsof cash dividends, etc. For a comparison, in net cash from financing activities in the same period of previous
year, funds had decreased by 2,733 million yen.
(3) Qualitative Information Concerning Consolidated Forecast and Other Future Predictions
1) Revision of Consolidated Forecast for Fiscal 2014 (April 1, 2014 to March 31, 2015)
Based on the consolidated operating results of this consolidated first half period ended September 30, 2014, wehave changed the forecasts of results for the fiscal year ending March 31, 2015, as follows. Please note that we have
not revised dividend forecast associated with this revision of business forecast.
(Consolidated Forecast)
Net sales
Previous forecast (A)Revised forecast (B)Change (B-A)
Change (%)(Reference) Actual results
for the fiscal year ended
March 31, 2014

Operating income

Ordinary income

Net income

Net income pershare

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Yen

227,000
229,000
2,000
0.9
238,399

5,100
5,400
300
5.9
5,144

5,300
5,300
0
0.0
5,052

3,400
3,400
0
0.0
3,222

108.06108.06――101.862) Estimates by Business Segment
a. Semiconductors
In this business, we expect a decrease in sales including memories for smartphones. Therefore, we areforecasting an operating income of 3,300 million yen (up 3.0% from the previous year), but net sales of 149,500
million yen (down 7.4%).
b. Electronic Components
In this business, we expect an increase in sales including mechanism parts for in-vehicle electrical equipment
and large household appliances. Therefore, we are forecasting net sales of 61,000 million yen (up 2.7% from theprevious year), and an operating income of 1,550 million yen (up 9.6%).
c. Electronic Equipment
In this business, we expect an increase in sales including server and color MFPs. Therefore, we are forecasting
net sales of 18,500 million yen (up 5.7% from the previous year), and an operating income of 800 million yen (up12.7%).

2. Items Regarding Summary Information (Notes)(1) Transfer of Major Subsidiaries during the Scope of Consolidation of this Quarter
None(2) Applying Accounting Procedures Specific to Preparing Quarterly Financial Statements
None
-3-

(3) Changes in Accounting Principles, Changes in Accounting Estimates, and Restatements
Changes in Items of Accounting Principles
Implementation of Accounting Standards for Retirement Benefits
We have adopted “Accounting Standards for Retirement Benefits” (Corporate Accounting Standards No. 26 of
May 17, 2012, hereinafter referred to as “Retirement Benefits Accounting Standards”) and “Implementation
Guidance on Accounting Standard for Retirement Benefits” (Corporate Accounting Standards No. 25 of May 17,
2012, hereinafter referred to as “Implementation Guidance on Retirement Benefits”) from consolidated firstquarter under provisions stipulated in the texts of the Section 35 of the Retirement Benefits Accounting Standards
and of the Section 67 of the Implementation Guidance on Retirement Benefits: we have revised the accounting
method for retirement benefit obligations and service cost, and we have changed our method of attributing
projected retirement benefits from a straight-line basis to a benefit formula basis along with changing the methodof discount determination to a method that uses single-weighted average discount rate reflecting timing andamounts, either than the discount rate based on the average remaining years of service.
To apply the Retirement Benefits Accounting Standards, we comply with the transitional handling stipulated in
the Section 37 of Retirement Benefits Accounting Standards, and effect of changes of accounting method for
retirement benefit obligations and service cost, financial effects are added to or subtracted from retained gains, atthe beginning of the consolidated first quarter.
As the result, net defined benefit liability increased by 441 million yen, while retained earnings decreased by
284 million yen, as of the beginning of this consolidated first half period. There was only minor impact on
operating income, ordinary income and quarterly net income before income taxes during this consolidated firsthalf period.

-4-3. Consolidated Quarterly Financial Statements(1) Consolidated Quarterly Balance Sheets(Millions of yen)
Fiscal Year Ended
March 31, 2014
(As of March 31, 2014)

First Half of the Fiscal YearEnding March 31, 2015
(As of September 30, 2014)ASSETS
Current assets
Cash and deposits

49,91344,568Trade notes and accounts receivable

75,15370,197―

9,999

Inventories

21,735

22,794

Accrued income

1,747

628

Deferred tax assets

271

355

Other current assets

213

442

Allowance for doubtful accounts

(126)

(122)

148,906

148,864

Buildings and structures (net)

4,154

3,840

Land

8,121

7,441

Lease assets (net)

327

326

Other fixed assets (net)

567

174

13,17011,783

1,026

999

Investment securities

4,024

4,909

Deferred tax assets

309

98

Other

1,828

1,988

Allowance for doubtful accounts

(19)

(78)

Total investments and other assets

6,143

6,917

20,34019,699169,247

168,564

Marketable securities

Total current assets
Fixed assets
Property, plant and equipment

Total property, plant and equipment
Intangible fixed assets
Investments and other assets

Total fixed assets
Total assets-5-

(Millions of yen)
Fiscal Year Ended
March 31, 2014
(As of March 31, 2014)

First Half of the Fiscal YearEnding March 31, 2015
(As of September 30, 2014)

LIABILITIESCurrent liabilities
Trade accounts payable

30,30827,948

Short-term bank loans

15,647

14,736

Lease obligations

122

125

Other payable

756

637

1,199

1,013

Accrued income taxes

220

738

Other current liabilities

47

103

Total current liabilities

48,30345,303248

240

Net defined benefit liabilities

1,844

2,050

Other long-term liabilities

121

355

Total long-term liabilities

2,213

2,645

50,51747,949Common stock

17,69017,690Additional paid-in capital

19,114

19,114Retained earnings

80,91881,022

Treasury stock

(73)

(74)

117,649

117,752

1,184

1,762

3

3

Foreign currency translation adjustments

(220)

999

Remeasurements of defined benefit plans

111

97

1,079

2,862

Total net assets

118,729

120,614

Total liabilities and net assets

169,247

168,564

Accrued expenses

Long-term liabilities
Lease obligations

Total liabilities
NET ASSETS
Shareholder’s equity

Total shareholders’ equity
Other accumulated comprehensive incomes
Net unrealized gain on other marketable securities
Gain (loss) on deferred hedges

Total other accumulated comprehensive incomes-6-

(2) Consolidated Quarterly Statements of Income and Consolidated Quarterly Comprehensive Statements of Income(Consolidated Quarterly Statements of Income)(Scope of Consolidation of this First Half Period)(Millions of yen)

Net sales
Cost of Sales
Gross Profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Commission fee
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Foreign currency transaction loss
Miscellaneous expenses
Total non-operating expenses
Ordinary income
Extraordinary gains
Gain on sales of noncurrent assets
Gain on transfer of businessTotal extraordinary gains
Extraordinary losses
Impairment loss
Total extraordinary losses
Income before income taxes
Income taxes
Income before minority interest
Net income

First Half of the Fiscal Year
Ended March 31, 2014
(Apr. 1, 2013 to Sept. 30, 2013)
111,092
101,992
9,100
6,892
2,208

-7-

First Half of the Fiscal YearEnding March 31, 2015
(Apr. 1, 2014 to Sept. 30, 2014)
120,121110,670
9,450
6,854
2,596

19
30
99
89
238

24
33
52
77
188

76
209
9
294
2,152

90
244
18
352
2,432

2
―
2

5
53
59

―
―
2,155
814
1,340
1,340

85
85
2,406
998
1,407
1,407

(Consolidated Quarterly Comprehensive Statements of Income)(Scope of Consolidation of this First Half Period)(Millions of yen)

Income before minority interest
Other comprehensive income

First Half of the Fiscal Year
Ended March 31, 2014
(Apr. 1, 2013 to Sept. 30, 2013)
1,340

Net unrealized gain on other marketable securities
Gain (loss) on deferred hedges
Foreign currency translation adjustments
Remeasurements of defined benefit plans
Total other comprehensive income
Comprehensive Incomes(Details)
Comprehensive incomes relating to shareholders ofparental company-8-First Half of the Fiscal YearEnding March 31, 2015
(Apr. 1, 2014 to Sept. 30, 2014)
1,407

490
(3)
513
―
1,000
2,341

577
(0)
1,219
(14)
1,782
3,190

2,341

3,190

(3) Consolidated Quarterly Statements of Cash Flows(Millions of yen)First Half of the Fiscal Year
Ended March 31, 2014
(Apr. 1, 2013 to Sept. 30, 2013)
Operating activities
Income before income taxes
Depreciation and amortization
Impairment loss
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for retirement benefits
Increase (decrease) in net defined benefit liability
Interest and dividends income
Interest expenses
Loss (gain) on sales of property, plant and equipment
Decrease (increase) in notes and accounts receivable-trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable-trade
Other
SubtotalInterest and dividends income received
Interest expenses paid
Income taxes (paid) refund
Net cash provided by (used in) operating activities
Investing activities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Proceeds from transfer of business
Payments for investments in capital
Proceeds from sales of investments in capital
Payments of loans receivableCollection of loans receivable
Purchase of insurance funds
Proceeds from cancellation of insurance funds
Net cash provided by (used in) investing activities
Financing activities
Net increase (decrease) in short-term loans payable
Repayments of lease obligations
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 the beginning of the period
Increase in cash and cash equivalents from newly consolidated
subsidiary
Cash and cash equivalents at the end of the period-9-First Half of the Fiscal YearEnding March 31, 2015
(Apr. 1, 2014 to Sept. 30, 2014)

2,155
397
―
153
(94)
―
(50)
76
(2)
(882)
(2,426)
2,949
(69)
2,206
49
(69)
(794)
1,391

2,406
328
85
48
―
199
(57)
90
(5)
5,935
(794)
(2,802)
805
6,238
55
(90)
(140)
6,063

(110)
3
(101)
―
―
5
―
0
―
―
(203)

(56)
6
(33)
1,200
(7)
―
(1)
0
(218)
100
990

122
(80)
(1,799)(975)(2,733)118(1,426)50,463(1,763)
(73)
(0)
(946)
(2,784)387
4,656
49,911

415―

49,45154,568

(4) Notes Regarding Consolidated Quarterly Financial Statements(Notes Regarding Going Concern)
None(Notes Regarding Substantial Changes in Shareholders’ Equity)
None(Segment Information)
I. For the consolidated first half of the fiscal year ended March 31, 2014
(April 1, 2013 to September 30, 2013)
Information Concerning Sales and Income or Loss Amount by Reporting Segment(Millions of yen)

Semiconductors
Net sales
Sales to external customers
Internal sales or exchange
between segments
Total
Segment income (loss)

Reporting Segment
Electronic
Electronic
Components
Equipment

Total

Adjusted
amount(Note 1)

Consolidated quarterly
income statement amount(Note 2)

74,33228,474

8,285

111,092―

111,092

―

―

―

―

―

―

74,332
1,364

28,474
651

8,285
307

111,092
2,323

―
(115)

111,092
2,208

Notes:
1. The adjustment of -115 million yen to segment income represents corporate expenses that are not allocated to eachreporting segment. Corporate expenses mainly refer to general and administrative expenses not belonging to any reporting
segments.
2. Segment income has been adjusted with operating income in consolidated quarterly statements of income.

II. For the consolidated first half of the fiscal year ending March 31, 2015
(April 1, 2014 to September 30, 2014)
Information Concerning Sales and Income or Loss Amount by Reporting Segment(Millions of yen)

Semiconductors
Net sales
Sales to external customers
Internal sales or exchange
between segments
Total
Segment income (loss)

Reporting Segment
Electronic
Electronic
Components
Equipment

Total

Adjusted
amount(Note 1)

Consolidated quarterly
income statement amount(Note 2)80,09230,452

9,577

120,121―120,121

―

―

―

―

―

―

80,092
1,611

30,452
699

9,577
435

120,121
2,746

(150)

120,1212,596

Notes:
1. The adjustment of -150 million yen to segment income represents corporate expenses that are not allocated to eachreporting segment. Corporate expenses mainly refer to general and administrative expenses not belonging to any reporting
segments.
2. Segment income has been adjusted with operating income in consolidated quarterly statements of income.

III. Notes on changes in reporting segments
Previously, the Group's business was divided into the following four reportable segments - "Semiconductors","Electronic Components", "Electronic Equipment", and "Ryosan Products". However, effective from this consolidated
first half period, the Group has revised its business classification into three segments - "Semiconductors", "Electronic
Components", and "Electronic Equipment" - after transferring its heat sink production business to Sankyo Thermotech
Co., Ltd., as of September 1, 2014.
In this regard, the segment information for the previous consolidated cumulative first quarter is prepared anddisclosed pursuant to the reporting segment classification subsequent to the change described above.

- 10 -

4. Supplementary Information(1) Geographical Segment Information
Fiscal 2013, first half period of the fiscal year ended March 31, 2014
(April 1, 2013 to September 30, 2013)(Millions of yen)

Othercountries

Eliminations
or corporate

Consolidated

111,092―

111,092

0

4,520(4,520)

―

3,251
111

115,613
1,871(4,520)337

111,092
2,208

Japan

Asia

66,68041,161

3,250

4,257

261

70,938484

41,422
1,275

Total

Net sales(1) Sales to external customers(2) Internal sales or exchange
between segments
Total
Segment income

Notes:
1. Country and regional segments are classified on the basis of geographic proximity.
2. Principal countries and regions:
Asia: Hong Kong, China, Thailand, South Korea, etc.
Other countries: United States, etc.

Fiscal 2014, first half of the fiscal year ending March 31, 2015
(April 1, 2014 to September 30, 2014)(Millions of yen)

Othercountries

Eliminations
or corporate

Consolidated

120,121―120,121

0

4,482(4,482)

―

3,469
97

124,603
2,369(4,482)
226

120,121
2,596

Japan

Asia

74,21942,432

3,469

4,325

156

78,544
1,054

42,589
1,218

Total

Net sales(1) Sales to external customers(2) Internal sales or exchange
between segments
Total
Segment income

Notes:
1. Country and regional segments are classified on the basis of geographic proximity.
2. Principal countries and regions:
Asia: Hong Kong, China, Thailand, South Korea, etc.
Other countries: United States, etc.

- 11 -

(2) Overseas sales
Fiscal 2013, first half period of the fiscal year ended March 31, 2014
(April 1, 2013 to September 30, 2013)
Overseas sales
Consolidated net sales
Ratio of overseas sales to consolidated net
sales (%)

Asia
47,753―
43.0

Other countries
3,852
―
3.5

(Millions of yen)Total
51,606
111,092
46.5

Notes:
1. Country and regional segments are classified on the basis of geographic proximity.
2. Principal countries and regions:
Asia: China, South Korea, Hong Kong, Thailand, etc.
Other countries: United States, etc.
3. Overseas sales represent the total of export sales of the parent company and sales of its consolidated subsidiaries outside
Japan (excluding intra-group sales).

Fiscal 2014, first half of the fiscal year ending March 31, 2015
(April 1, 2014 to September 30, 2014)
Overseas sales
Consolidated net sales
Ratio of overseas sales to consolidated net
sales (%)

Asia
53,327―
44.4

Other countries
4,334
―
3.6

(Millions of yen)Total
57,661
120,12148.0

Notes:
1. Country and regional segments are classified on the basis of geographic proximity.
2. Principal countries and regions:
Asia: China, South Korea, Thailand, Hong Kong, etc.
Other countries: United States, etc.
3. Overseas sales represent the total of export sales of the parent company and sales of its consolidated subsidiaries outside
Japan (excluding intra-group sales).

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