Financial Results for the Fiscal Year Ended March 31, 2014<under Japanese GAAP> (Consolidated)
May 14, 2014

Company name : NIKKO COMPANY
ID number: 5343 Stock listing : Nagoya Stock Exchange Second Section
URL: http://www.nikko-company.co.jp/
Representative : Kazuto Futamata, Chief Executive Officer
Contact: Kazuo Miyanabe, Chief Financial Officer (Phone: +81-76-276-2121)
Scheduled date of general meeting of shareholders : June 25, 2014
Scheduled date to submit Securities Report :June 26, 2014
Scheduled date to begin dividend payments :Preparation of supplementary materials for financial results : None
Holding of financial results meeting :None(All amounts are rounded down to the nearest million yen)
1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2014 (April 1, 2013 - March 31, 2014)(1) Consolidated operating results(Percentage figures represent changes from the same period of the previous year.)Net sales

Operating income

Millions of yen％

FY ended Mar. 31, 2014

16,639

1.6

FY ended Mar. 31, 201316,374(10.2)

Note: Comprehensive income (Millions of yen) :Net income pershare

Millions of yen

Ordinary income

(473)

-

(1,505)-Mar. 31, 2014 : (478) (-%)

Millions of yen

％

％

(382)

-

(477)

-

(1,458)-(2,268)-Mar. 31, 2013 : (2,166) (-%)

Return on
equityDiluted net income
per share

Net income

Millions of yen％

Ordinary income
to total assets

Operating income
to net sales%%

FY ended Mar. 31, 2014

Yen
(25.51)

Yen-(44.9)

(3.4)

(2.8)

FY ended Mar. 31, 2013(121.12)-(89.3)(11.8)(9.2)%

Reference: Equity in earnings of affiliates (Millions of yen) : Mar. 31, 2014 : (2) Consolidated financial position
Total assets

Net assets

Millions of yen
10,705

As of Mar. 31, 2014

Mar. 31, 2013 :

11,468
As of Mar. 31, 2013
Reference: Shareholders' equity (Millions of yen) :-Equity ratio

Millions of yen
671

Net assets per share%

1,455
Mar. 31, 2013: 671

6.3

Yen
35.85

12.7

77.74

Mar. 31, 2013: 1,455(3) Consolidated cash flow position
Net cash provided by (used in)Operating activities

Investment activities

Millions of yen(72)

FY ended Mar. 31, 2014

Millions of yen
(286)

418

FY ended Mar. 31, 2013

Financing activities

Cash and cash equivalents
at end of period
Millions of yen
394

Millions of yen
(449)

(215)

72

1,201

2. Dividends(Record date)

Dividend per share
1Q-endYen

2Q-end3Q-endYear-end

Yen

Yen

Yen Millions of yen

Yen

AnnualDividend on
Equity(consolidated)%%

Total dividends Payout ratio(annual)(consolidated)Year ended Mar. 31, 2013

-

0.00

-

0.00

0.00

-

-

-

Year ended Mar. 31, 2014

-

0.00

-

0.00

0.00

-

-

-

Year ending Mar. 31, 2015
(forecast)

-

0.00

-

0.00

0.00

1

-

3. Consolidated Forecast for the Fiscal Year Ending March 31, 2015 (April 1, 2014 - March 31, 2015)(Percentage figures represent changes from the same period of the previous year.)
Net income
Net sales
Operating income
Ordinary income
Net income
per share
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Full year

17,000

2.2

20

-

20

-

(150)

-

(8.01)

Note: Consolidated forecast for the six months ending September 30, 2014 have not been disclosed because the Company and its
subsidiaries track performance on an annual basis only.
4. Notes(1) Changes in major subsidiaries during the period (Changes in specifies subsidiaries causing changes in scope of consolidation): NoneNew
: — companies (Company name:)Eliminated : — companies (Company name:)(2) Changes in accounting policies, changes in accounting estimates, or restatement
1) Changes in accounting policies due to changes in consolidated accounting methods :2) Changes other than 1) above: None3) Changes in accounting estimates : None
4) Restatement: None(3) Number of shares outstanding (common shares)
1) Number of shares outstanding (including treasury stock) at the end of the period
Mar. 31, 2014 :
19,572,000 sharesMar. 31, 2013 :2) Number of treasury stock at the end of the period
Mar. 31, 2014 :
845,323 sharesMar. 31, 2013 :3) Average number of shares over period
Mar. 31, 2014 :
18,728,149 sharesMar. 31, 2013 :Yes

19,572,000 shares
842,706 shares
18,731,479 shares(Reference) Non-consolidated financial results
Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2014 (April 1, 2013 - March 31, 2014)(1) Non-consolidated operating results(Percentage figures represent changes from the same period of the previous year.)Net sales

Operating income

Millions of yen％

Millions of yen

Ordinary income％

Millions of yen％

Net income
Millions of yen％

FY ended Mar. 31, 201415,824

13.0

(501)

-

(389)

-

(569)

-

FY ended Mar. 31, 2013

14,007(11.9)(1,442)-(1,363)-(2,781)-

Net income per
share

Diluted net income
per share

Yen

Yen

FY ended Mar. 31, 2014(30.42)-

FY ended Mar. 31, 2013(148.47)-(2) Non-consolidated financial position
Total assets
Millions of yen

Net assets

Equity ratio

Net assets per share

Millions of yen%

Yen

As of Mar. 31, 2014

12,063

845

7.0

45.13

As of Mar. 31, 201312,538

1,421

11.3

75.90

Reference: Shareholders' equity (Millions of yen) :Mar.31, 2014: 845

Mar.31, 2013: 1,421*Information regarding the implementation of quarterly review procedures
The current quarterly financial statements are exempted from quarterly review procedures based on the Financial Instruments andExchange Law. At the time of disclosure, we have not completed the review process for these consolidated statements.
*Appropriate use of business forecasts, other special items
Forecasts regarding future results in these materials are based on information available to the Company at the time the materials werecreated. Actual results may differ significantly from these forecasts for a number of reasons.

21. Consolidated Financial Statements(1) Consolidated Balance Sheets

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Merchandise and finished goods
Work in process
Costs on uncompleted construction contracts
Raw materials and supplies
Deferred tax assets
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Lease assets
Accumulated depreciation
Lease assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Lease assets
Other
Total intangible assets
Investments and other assets
Investment securities
Claims provable in bankruptcy, claims provable inrehabilitation and other
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

3

FY03/2013(As of Mar.31, 2013)(Millions of yen)
FY03/2014(As of Mar.31, 2014)

1,327
2,654
1,557
541
320
318
1
116
(42)
6,795

501
2,711
1,374
573
329
290
0
128
(24)
5,885

6,699
(4,679)2,020
5,067(4,802)264
1,280(1,229)
50
1,207
238
(146)
91
94
3,729

6,705
(4,599)2,106
4,861(4,596)264
1,209(1,144)
65
1,194
557
(241)
316
45
3,992

34
137
171

10
111
122

638

573

518

516

133
(518)
771
4,672
11,468

131
(516)
704
4,820
10,705

Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable
Current portion of long-term loans payable
Lease obligations
Income taxes payable
Provision for bonuses
Provision for product warranties
Other
Total current liabilities
Noncurrent liabilities
Long-term loans payable
Lease obligations
Provision for retirement benefits
Net defined benefit liability
Provision for directors' retirement benefits
Other
Total noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Accumulated other comprehensive income
Total net assets
Total liabilities and net assets

4

FY03/2013(As of Mar.31, 2013)(Millions of yen)
FY03/2014(As of Mar.31, 2014)

3,100
1,700
361
96
50
101
444
1,390
7,244

3,256
1,800
335
183
57
54
389
1,240
7,317

1,080
101
1,329
35
221
2,767
10,012

745
155
1,654
36
123
2,716
10,0343,200
1,321(2,528)
(335)
1,657

3,200
1,321
(3,005)
(335)
1,179

(80)
(121)
(201)
1,455
11,468

(86)
(116)
(305)
(508)
671
10,705

(2) Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Millions of yen)
FY03/2013
FY03/2014(Apr.1, 2012-Mar. 31, 2013) (Apr.1, 2013-Mar. 31, 2014)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income (loss)
Non-operating income
Interest income
Dividends income
Gain on sales of wastes
Rent income
Foreign exchange gain
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on sales of notes payable
Sales discounts
Other
Total non-operating expenses
Ordinary income (loss)
Extraordinary Income
Gain on sales of noncurrent assets
Gain on sales of investment securities
Total extraordinary Income
Extraordinary loss
Loss on sales of noncurrent assets
Loss on retirement of noncurrent assets
Impairment loss
Loss on valuation of stocks of subsidiaries and affiliates
Loss on sales of investment securities
Loss on abolishment of retirement benefit plan
Loss on lead trouble measures
Other
Total extraordinary losses
Income (loss) before income taxes and minority interests
Income taxes-current
Income taxes-deferred
Total income taxes
Income (loss) before minority interests
Net income (loss)

Consolidated statements of conprehensive income

16,374
12,254
4,120
5,625(1,505)

16,63911,893
4,745
5,219
(473)

0
10
14
29
42
29
127

1
9
38
41
32
44
167

48
13
9
9
80
(1,458)

49
8
11
6
75
(382)

0
0

122
122

32
656
50
18
2
759
(2,216)52(0)52(2,268)(2,268)

0
26
4
14
5
119
170
(430)
46
0
47
477
477

(Millions of yen)
FY03/2013
FY03/2014(Apr.1, 2012-Mar. 31, 2013) (Apr.1, 2013-Mar. 31, 2014)

Income(loss) before minority interests
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Other comprehensive income
Comprehensive income
Comprehensive income attributable to owners of the parent
Comprehensive income attributable to minority interests

5(2,268)

(477)

93
8
102
(2,166)(2,166)
-

(6)
5
(1)
(478)
(478)
-

(3)Consolidated Statements of changes in equity(Millions of yen)

FY03/2013 (Apr.1, 2012-Mar. 31, 2013)
Shareholders' equity
Capital stock
Balance at the beginning of current period

Capital surplus

3,200

Retained earnings

1,321

(259)

Total shareholders'equityTreasury stock
(334)

3,927

Changes of items during the period
Net income (loss)(2,268)(2,268)Purchase of treasury stock

(0)

(0)

Net changes of items other thanshareholders' equity
Total changes of items during the period
Balance at the end of current period--(2,268)(0)(2,269)

3,200

1,321

(2,528)

(335)

1,657

Accumulated other comprehensive income
Accumulated other
Valuation difference Foreign currencytranslation
comprehensive
on available-for-saleadjustment
incomesecurities
Balance at the beginning of current period

(173)

(130)

(303)

Total net assets

3,623

Changes of items during the period
Net income (loss)(2,268)Purchase of treasury stock(0)

Net changes of items other thanshareholders' equity

93

8

102

102

Total changes of items during the period

93

8

102

(2,167)

Balance at the end of current period

(80)

(121)

(201)

1,455

(Millions of yen)

FY03/2014 (Apr.1, 2013-Mar. 31, 2014)
Shareholders' equity
Capital stock
Balance at the beginning of current period

Capital surplus

3,200

Retained earnings

1,321(2,528)

Total shareholders'equityTreasury stock
(335)

1,657

Changes of items during the period
Net income (loss)(477)

Purchase of treasury stock

(477)
(0)

(0)

Net changes of items other thanshareholders' equity
Total changes of items during the period
Balance at the end of current period

-

-

(477)

(0)

(478)

3,200

1,321

(3,005)

(335)

1,179

Valuation difference
on available-for-salesecurities
Balance at the beginning of current period

Accumulated other comprehensive income
Accumulated otherForeign currency
Remeasurements oftranslation
comprehensive
defined benefit plansadjustment
income

(80)

(121)

-

(201)

Total net assets

1,455

Changes of items during the period
Net income (loss)(477)

Purchase of treasury stock
Net changes of items other thanshareholders' equity

(0)
(6)

5

(305)

(306)

(306)

Total changes of items during the period

(6)

5

(305)

(306)

(784)

Balance at the end of current period

(86)

(116)

(305)

(508)

671

6

(4) Consolidated Statements of Cash Flows(Millions of yen)
FY03/2013
FY03/2014(Apr.1, 2012-Mar. 31, 2013) (Apr.1, 2013-Mar. 31, 2014)

Net cash provided by (used in) operating activities
Income (loss) before income taxes and minority interests
Depreciation and amortization
Impairment loss
Loss on valuation of stocks of subsidiaries and affiliates
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for retirement benefits
Increase (decrease) in net defined benefit liability
Increase (decrease) in provision for product warranties
Interest and dividends income
Interest expenses
Loss (gain) on sales of property, plant and equipment
Loss on retirement of noncurrent assets
Loss on lead trouble measures
Decrease (increase) in notes and accounts receivable-trade
Decrease (increase) in claims provable in bankruptcy, claims
provable in rehabilitation
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable-trade
Other, net
SubtotalInterest and dividends income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities(2,216)
459
656
50
48
15
99
316
(11)
48
32
552

(430)
461
4
14
(21)
(46)
(1,329)
1,348
(54)
(10)
49
(121)
26
119
(53)

(113)

2

875
(275)
(28)
508
11
(48)
(53)
418

176
151
(273)
14
10
(49)
(48)
(72)

Net cash provided by (used in) investment activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Other, net
Net cash provided by (used in) investment activities

(126)
206
(231)
(64)
(215)

(88)
108
(524)
179
39
(286)

Net cash provided by (used in) financing activities
Net increase (decrease) in short-term loans payable
Repayment of long-term loans payable
Repayments of lease obligations
Purchase of treasury stock
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 period

500
(328)
(99)
(0)
72
1
276
924
1,201

100
(361)
(188)
(0)
(449)
1
(806)
1,201
394

7

Basis of Presenting Consolidated Financial Statements
1. Scope of Consolidation
1) Number and name of consolidated subsidiaries : 3
NIKKO CERAMICS, INC.
NIKKO LOGISTICS CO., LTD.
Nikko ME Co., Ltd.
2) Number and name of non-consolidated subsidiaries : 2
NIKKO MIDDLE EAST TRADING LLC
Nikko Care Co., Ltd.
These 2 companies are excluded from the scope of consolidation, given the fact that they have minimal influence on the total
assets, net sales, net income, and retained earnings and is relatively insignificant in the context of the consolidated financial
statements.
2. Application of equity method
1) Number and name of companies accounted for under the equity method : none
2) Number and name of companies not accounted for under the equity method and the reason for the exclusion
Non-consolidated subsidiaries : 2
NIKKO MIDDLE EAST TRADING LLC.
Nikko Care Co., Ltd.
Affiliates : 2
Yamamae Seitousho Co., Ltd.
N&I ASIA PTE LTD
These 4 companies are not accounted for under the equity method of accounting, given the fact that they have very minor effecton net income and retained earnings and is relatively insignificant in the context of consolidated financial statements.
3. Period end of consolidated subsidiaries
Consolidated subsidiaries, NIKKO CERAMICS, INC., NIKKO LOGISTICS CO., LTD. , and Nikko ME Co., Ltd. have a fiscal yearthat ends on the same date as the consolidated financial statements.

8[Segment Information]
1. Overview of reportable segments
Segments used for financial reporting are the Nikko Group’s constituent units for which separate financial information is available and forwhich the Board of Directors performs periodic studies for the purposes of determining the allocation of resources and evaluating
performance.
The Group has established business divisions that comprise of the company and its subsidiaries and affiliates, and each division
conducts business in line with the comprehensive strategies they have devised for products, merchandise and services in both domestic
and overseas markets.
Therefore, the Group consists of segments by products, merchandise and services on the basis of the business divisions, and the“Housing & Environmental equipment”, “Tabletop” and “Functional Ceramics Product” are three reportable segments.
Industry Segment
Housing & Environmental Equipment

Major Products
Septic tanks, Garbage disposal systems, System baths, Other FRP items,
Water treatment facilities, Small wind turbine generator systems,
Multi-function interior boards

Tabletop

Fine bone china, Fine vitrified china, Fine porcelain, Oven ware

Functional Ceramics Product

Alumina substrates, LTCC substrates, Dielectric ceramics

2. Information related to net sales and profit or loss for each reportable segment
FY03/2013(Apr. 1, 2012 - Mar. 31, 2013)
Housing &Environmental
Equipment(Millions of yen, rounded down)Amounts on the
Segment
Adjustment consolidated
total(Note 2)
financialstatements

Tabletop

Functional
Ceramics
Product

Other(Note 1)

9,847

4,699

1,800

26

16,374-

16,374

-

-

-

-

-

-

-

9,847

4,699

1,800

26

16,374-

16,374

(99)

(487)

(279)

11

(855)

(649)

(1,505)

3,533

3,495

1,741

7

8,778

2,689

11,468Depreciation and Amortization

123

142

136

0

402

56

458

Increase in Property, plant andequipment and Intangible assets

65

57

126

-

249

24

274

-

53

603

-

656

-

656

Net sales
Sales to Outside Customers
Intersegment sales or Transfers
Total
Segment profit (loss)(Operating income (loss))
Segment assets
Other Items

Impairment loss

Notes: 1.The “Other” category indicated businesses not included in reporting segments, including sales of other products.
2. Below is a description of adjustments.
（1） Segment income adjustment of 649 million yen consists of expenses related to Administrative Headquarters,
Strategic Planning Headquarters and Technical Headquarters that do not belong to the reportable segments.
（2） Segment assets adjustment of 2,689 million yen includes assets that do not belong to the reportable segments. The
assets consists of mainly surplus funds (cash and cash equivalents), long-term investment funds (investment
securities), and the assets associated with Administrative Headquarters, Strategic Planning Headquarters andTechnical Headquarters.
（3） Depreciation and Amortization adjustment of 56 million yen consists of Depreciation and Amortization related toAdministrative Headquarters, Strategic Planning Headquarters and Technical Headquarters that do not belong to thereportable segments.
（4） Increase in Property, plant and equipment and Intangible assets adjustment of 24 million yen consists of capital
investments associated with Administrative Headquarters, Strategic Planning Headquarters and Technical
Headquarters.

9

FY03/2014(Apr. 1, 2013 - Mar. 31, 2014)
Housing &Environmental
Equipment(Millions of yen, rounded down)Amounts on the
Segment
Adjustment consolidated
total(Note 2)
financialstatements

Tabletop

Functional
Ceramics
Product

Other(Note 1)

10,296

4,110

2,230

2

16,639-16,639

-

-

-

-

-

-

-

10,296

4,110

2,230

2

16,639-16,639

164

(199)

259

(3)

221

(695)

(473)

3,843

3,257

1,619

7

8,727

1,978

10,705

Depreciation and Amortization

170

134

90

0

395

65

461

Increase in Property, plant andequipment and Intangible assets

513

125

52

0

692

113

806

-

4

-

-

4

-

4

Net sales
Sales to Outside Customers
Intersegment sales or Transfers
Total
Segment profit (loss)(Operating income (loss))
Segment assets
Other Items

Impairment loss

Notes: 1.The “Other” category indicated businesses not included in reporting segments, including sales of other products.
2. Below is a description of adjustments.
（1） Segment income adjustment of 695 million yen consists of expenses related to departments that do not belong to thereportable segments.
（2） Segment assets adjustment of 1,978 million yen includes assets that do not belong to the reportable segments. The
assets consists of mainly surplus funds (cash and cash equivalents), long-term investment funds (investment
securities).
（3） Depreciation and Amortization adjustment of 65 million yen consists of Depreciation and Amortization related todepartments that do not belong to the reportable segments.
（4） Increase in Property, plant and equipment and Intangible assets adjustment of 113 million yen consists of capital
investments associated with departments that do not belong to the reportable segments.
(Sales by Segment)

Industry Segment
Housing & Environmental
Equipment

FY03/2013(Apr. 1, 2012 - Mar. 31, 2013)
Percent of
Net Sales
Net Sales(Millions of yen, rounded down)
FY03/2014(Apr. 1, 2013 - Mar. 31, 2014)
Percent of
Net Sales
Net Sales

9,847

60.1%

10,296

61.9%

Tabletop

4,699

28.7

4,110

24.7

Functional Ceramics
Product

1,800

11.0

2,230

13.4

Other

26

0.2

2

0.0

Total

16,374100.0

16,639100.0

Notes:
1. Amounts are converted to sales prices.
2. Amounts do not include consumption taxes.
3. The following table indicates the Company’s Overseas sales share by industry segment and percentage figures represent
Overseas sales ratio.
(Millions of yen, rounded down)
FY03/2013
FY03/2014(Apr. 1, 2012 - Mar. 31, 2013)(Apr. 1, 2013 - Mar. 31, 2014)
Industry Segment
Overseas
Overseas Sales
Overseas
Overseas Sales
Sales
Ratio
Sales
Ratio
Housing & Environmental
0
0.0%
-%
Equipment
Tabletop

1,138

24.2

1,006

24.5

Functional Ceramics
Product

556

30.9

738

33.1

Other

1

5.4

0

21.5

Total

1,697

10.4

1,745

10.5

10

2. Non-Consolidated Financial Statements(1)Balance Sheets

AssetsCurrent assets
Cash and deposits
Notes receivable-trade
Accounts receivable-trade
Merchandise and finished goods
Work in process
Costs on uncompleted construction contracts
Raw materials and supplies
Prepaid expenses
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings
Accumulated depreciation
Buildings, net
Structures
Accumulated depreciation
Structures, net
Machinery and equipment
Accumulated depreciation
Machinery and equipment, net
VehiclesAccumulated depreciation
Vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Lease assets
Accumulated depreciation
Lease assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
SoftwareLease assets
Telephone subscription right
Total intangible assets
Investments and other assets
Investment securities
Stocks of subsidiaries and affiliates
Investments in capital
Long-term loans receivable from subsidiaries andaffiliates
Claims provable in bankruptcy, claims provable inrehabilitation and other
Long-term prepaid expenses
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

11

FY03/2013(As of Mar.31, 2013)(Millions of yen)
FY03/2014(As of Mar.31, 2014)

1,206
132
2,490
1,491
541
320
318
35
119
(40)
6,614

468
160
2,518
1,304
573
329
290
40
97
(24)
5,758

5,960
(4,041)
1,919
327
(273)
54
4,857
(4,603)
253
178
(177)
0
1,253
(1,206)
47
868
236
(145)
91
92
3,327

6,190
(4,135)
2,054
329
(280)
48
4,657
(4,405)
251
174
(169)
4
1,192
(1,129)
63
868
557
(241)
316
45
3,653

117
34
17
169

91
10
17
119

586
148
2

536
98
2

1,575

1,771

512

510

0
113
(512)
2,426
5,923
12,538

0
122
(511)
2,531
6,304
12,063

Liabilities
Current liabilities
Notes payable-trade
Accounts payable-trade
Short-term loans payable
Current portion of long-term loans payable
Lease obligations
Accounts payable-otherAccrued expenses
Income taxes payable
Advances received on uncompleted
construction contracts
Deposits received
Provision for bonuses
Provision for product warranties
Notes payable-facilities
Other
Total current liabilities
Noncurrent liabilities
Provision for retirement benefits
Provision for directors' retirement benefits
Long-term loans payable
Provision for loss on business of
subsidiaries and affiliates
Lease obligations
Other
Total noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Legal capital surplus
Other capital surplus
Total capital surpluses
Retained earnings
Other retained earnings
Retained earnings brought forward
Total earned surpluses
Treasury stock
Total shareholders' equity
Valuation and translation adjustments
Valuation difference on available-for-sale securities
Total valuation and translation adjustments
Total net assets
Total liabilities and net assets

12

FY03/2013(As of Mar.31, 2013)(Millions of yen)
FY03/2014(As of Mar.31, 2014)

464
2,547
1,700
292
96
536
113
40

453
2,770
1,800
266
183
542
173
48

145

93

541
90
444
43
133
7,188

614
52
389
5
84
7,472

1,277
26
866

1,341
31
600

1,440

1,493

101
216
3,927
11,116

155
123
3,746
11,218

3,200

3,200

800
521
1,321

800
521
1,321

(2,684)(2,684)
(335)
1,501

(3,253)(3,253)
(335)
931

(80)
(80)
1,421
12,538

(86)
(86)
845
12,063

(2)Statements of income(Millions of yen)
FY03/2013
FY03/2014(Apr.1, 2012-Mar. 31, 2013) (Apr.1, 2013-Mar. 31, 2014)
Net sales
Net sales of merchandise and finished goods
Net sales of completed construction contracts
Total net sales
Cost of sales
Beginning merchandise and finished goods
Cost of purchased goods
Cost of products manufactured
Total
Finished goods transfer to other accountEnding merchandise and finished goods
Cost of merchandise and finished goods soldCost of sales of completed construction contracts
Total cost of sales
Gross profit
Selling, general and administrative expenses
Freightage expenses
Salaries and allowances
Provision for bonuses
Provision for directors' retirement benefits
Retirement benefit expenses
Depreciation
Provision of allowance for doubtful accounts
Research and development expenses
Provision for product warranties
Other
Total Selling, general and administrative expenses
Operating income (loss)
Non-operating income
Interest income
Dividends income
Commission fee
Gain on sales of wastes
Foreign exchange gain
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on sales of notes payable
Sales discounts
Other
Total non-operating expenses
Ordinary income (loss)
Extraordinary Income
Gain on sales of noncurrent assets
Total extraordinary Income
Extraordinary loss
Loss on retirement of noncurrent assets
Impairment loss
Loss on valuation of stocks of subsidiaries and affiliates
Provision for loss on business of subsidiaries and affiliates
Loss on sales of investment securities
Loss from Adjustment of profit on sale of finished goods
Loss on lead trouble measures
Other
Total extraordinary losses
Income (loss) before income taxes
Income taxes-current
Total income taxes
Net income (loss)

13

12,9781,028
14,007

14,744
1,079
15,824

1,259
3,546
6,465
11,27125
1,126
10,120803
10,923
3,083

1,371
4,177
6,378
11,92857
1,185
10,684834
11,519
4,305

462
1,279
42
8
103
141
58
141
494
1,791
4,525
(1,442)

472
1,761
28
6
128
163
(17)
85
359
1,816
4,807
(501)

2
10
46
14
47
30
151

2
9
57
38
34
39
181

41
13
9
7
72
(1,363)

43
8
11
4
69
(389)

-

93
93

27
603
83
554
129
0
1,399
(2,762)18
18(2,781)

26
49
53
5
119
254
(550)
19
19
(569)

(3)Statements of changes in equity(Millions of yen)

FY03/2013 (Apr.1, 2012-Mar. 31, 2013)
Shareholders' equity
Capital surplus
Capital stock

Balance at the beginning of current period

Legal capitalsurplus

3,200

Retained earnings
Other retained
Total retained
earnings
Total capital surplus
Retained earnings
earnings
brought forward

Other capitalsurplus

800

521

1,321

96

96

(2,781)(2,781)

Changes of items during the period
Net income (loss)
Purchase of treasury stock
Net changes of items other thanshareholders' equity
Total changes of items during the period
Balance at the end of current period

-

-

-

-

(2,781)(2,781)

3,200

800

521

1,321

(2,684)(2,684)

Shareholders' equity

Valuation and translation adjustments
Valuation difference Total valuation andTotal shareholders'on available-for-saletranslation
equitysecurities
adjustments

Treasury stock
Balance at the beginning of current period

(334)

4,283

(173)

(173)

Total net assets

4,109

Changes of items during the period
Net income (loss)
Purchase of treasury stock(2,781)(2,781)

(0)

(0)

(0)

Net changes of items other thanshareholders' equity
Total changes of items during the period
Balance at the end of current period

93

93

93

(0)

(2,781)93

93(2,688)

(335)

1,501

(80)

(80)

1,421

(Millions of yen)

FY03/2014 (Apr.1, 2013-Mar. 31, 2014)
Shareholders' equity
Capital surplus
Capital stock

Balance at the beginning of current period

Legal capitalsurplus

3,200

Retained earnings
Other retained
Total retained
earnings
Total capital surplus
Retained earnings
earnings
brought forward

Other capitalsurplus

800

521

1,321

(2,684)(2,684)

(569)

(569)

Changes of items during the period
Net income (loss)
Purchase of treasury stock
Net changes of items other thanshareholders' equity
Total changes of items during the period
Balance at the end of current period

-

-

-

-

(569)

(569)

3,200

800

521

1,321

(3,253)(3,253)

Shareholders' equity

Valuation and translation adjustments
Valuation difference Total valuation andTotal shareholders'on available-for-saletranslation
equitysecurities
adjustments

Treasury stock
Balance at the beginning of current period

(335)

1,501

(80)

(80)

Total net assets

1,421

Changes of items during the period
Net income (loss)
Purchase of treasury stock

(0)

(569)

(569)

(0)

(0)

Net changes of items other thanshareholders' equity
Total changes of items during the period
Balance at the end of current period

(6)

(6)

(6)

(0)

(569)

(6)

(6)

(576)

(335)

931

(86)

(86)

845

14