Consolidated Financial Statements for the Third Quarter of the Fiscal YearEnding March 31, 2012 <Under Japanese GAAP>
January 31, 2012
These financial statements have been prepared for reference only in accordance with accounting principles and practices generally accepted in Japan.

NAGASE & CO., LTD.
Stock exchange listing: Tokyo, Osaka (First Sections)
Code number: 8012
( http://www.nagase.co.jp)
Representative:
Hiroshi Nagase, Representative Director and President
Contact:
Masanori Furukawa, Manager, Corporate Accounting Division
Tel: +81-3-3665-3103
Filing of Quarterly Report (scheduled): February 13, 2012
Start of distribution of dividends (scheduled): Supplementary documents or quarterly financial results: No
Quarterly investors’ meeting: No

1. Consolidated Results for the Third Quarter of the Fiscal Year Ending March 31, 2012
(Note: Amounts have been rounded down to the nearest million yen.)(April 1, 2011 to December 31, 2011)(1) Consolidated Operating Results(Percentages represent changes compared with same period of the previous fiscal year.)
For the third quarter ended
December 31, 2011
December 31, 2010
(Note) Comprehensive income:For the third quarter ended
December 31, 2011
December 31, 2010

Net sales
Operating profit
Ordinary income
Net income
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
472,469 (5.4)
11,194 (28.0)
13,486 (20.8)
7,550 (28.1)
499,316 13.3
15,548 64.6
17,019 62.9
10,502
84.9
Third quarter ended December 31, 2011:¥2,134 million (72.4% decrease)
Third quarter ended December 31, 2010:¥7,742 million (NA)
Earnings per share
Earnings per share(diluted)
Yen
Yen
―
58.75
―
81.70

(2) Consolidated Financial Position
Total Assets
Millions of Yen
386,379
375,336

December 31, 2011
March 31, 2011

(Reference) Equity capital:

Net Assets
Millions of Yen
207,596
209,316

As of December 31, 2011:
As of March 31, 2011:

Net Worth Ratio
%
51.7
53.7

¥199,885 million¥201,516 million

2. Dividends
Dividends per share
1Q
Interim
For the year ended
Yen
Yen(or ending)March 31, 2011
9.00―
March 31, 2012―
12.00
March 31, 2012 (estimate)(Note) Revisions to the latest projected dividends: No

3Q
Yen

Fiscal Year End
Yen

Annual
Yen

13.00

22.00

12.00

24.00

―
―

3. Projected Consolidated Results for the Fiscal Year Ending March 31, 2012
(April 1, 2011 to March 31, 2012)(Percentages represent changes compared with the corresponding periods of the previous fiscal year as applicable)

Earnings per
share
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Full fiscal year
630,000 (4.6)
15,500 (17.3)
17,000 (17.6)
10,000 (22.0)
77.81(Note) Revisions to the latest projected consolidated results: No
Net sales

Operating profit

Ordinary income

Net income

4. Other(1) Changes in major subsidiaries during the period (changes in specified subsidiaries accompanying changes in thescope of consolidation): None
New: (Company name:)
Excluded: (Company name:)(2) Application of special accounting methods to the preparation of quarterly financial statements: No(3) Changes in accounting principles, changes in accounting estimates, and restatement of prior period financial
statements after error correctionsi.
Changes in accordance with revisions to accounting and other standards: Noii.
Changes in items other than (i) above: Noiii.
Changes in accounting estimates: Noiv.
Restatement of prior period financial statements after error corrections: No(4) Number of shares issued and outstanding (common stock)i.
Number of shares issued and outstanding as of the fiscal period end (including treasury stock)
As of December 31, 2011:
138,408,285 shares
As of March 31, 2011:
138,408,285 sharesii.
Number of treasury stock as of the fiscal period end
As of December 31, 2011:
9,893,808 shares
As of March 31, 2011:
9,893,808 sharesiii.
Average number of shares during the period:
Three months ended December 31, 2011:
128,514,526 shares
Three months ended December 31, 2010:
128,541,498 shares
Indication of quarterly review procedure implementation status
This quarterly report is exempt from the quarterly review procedure based upon the Financial Instruments and ExchangeAct. Furthermore, quarterly consolidated financial statements were undergoing the review procedure process at the timeof release.
Cautionary Statement with Respect to Forecasts of Consolidated Business Results
The results forecasts presented in this document are based upon currently available information and assumptions deemed
rational. A variety of factors could cause actual results to differ materially from forecasts.
Please refer to 1. Qualitative Information and Financial Statements, subsection (3) Qualitative Information related to
Projected Consolidated Earnings on page 3 of this document.

Nagase & Co., Ltd. (8012)
Consolidated Financial Statements for the Third Quarter of the Fiscal Year Ending March 31, 2012

Attachments
1. Qualitative Information ･･･････････････････････････････････････････････ 2(1) Qualitative Information and Overview of Consolidated Operating Results ･･･････ 2(2) Qualitative Information on Consolidated Financial Position ･･････････････････ 4(3) Qualitative Information related to Projected Consolidated Earnings･･･････････････ 4
2. Summary Information (Other) ･･････････････････････････････････････････ 6(1) Changes of classification of specified subsidiaries accompanied by changes in
consolidation scope ･･････････････････････････････････････････････････ 6(2) Application of special accounting methods in the preparation of quarterly consolidated
financial statements ･････････････････････････････････････････････････ 6(3) Changes in accounting policies or presentation methods in consolidated financial
statements ････････････････････････････････････････････････････････ 6(4) Additional Information ･･････････････････････････････････････････････ 6
3. Quarterly Consolidated Financial Statements ･･････････････････････････････ 7(1) Quarterly Consolidated Balance Sheets ･････････････････････････････････ 7(2) Quarterly Consolidated Statement of Income and Consolidated Statement ofComprehensive Income ･･･････････････････････････････････････････････ 9
Quarterly Consolidated Statement of Income ･････････････････････････････ 9
Consolidated Statement of Comprehensive Income ････････････････････････ 10(3) Consolidated Statements of Cash Flows ･････････････････････････････････ 11(4) Going Concern Assumption ･･････････････････････････････････････････ 12(5) Segment information ････････････････････････････････････････････････ 12(6) Notes on significant changes in shareholders’ equity ･･･････････････････････ 13
4. Supplementary Information ････････････････････････････････････････････ 14(1) Overseas sales ･････････････････････････････････････････････････････ 14

1

Nagase & Co., Ltd. (8012)
Consolidated Financial Statements for the Third Quarter of the Fiscal Year Ending March 31, 2012

1. Qualitative Information(1) Qualitative Information and Overview of Consolidated Operating Results
General Summary of Results
Despite signs of recovery from the March 11 earthquake and tsunami, the future of the Japanese economy
remained murky throughout the third quarter. A slow international economy due to the impact of the European
financial crisis, historical highs in the yen valuation, and the flooding in Thailand were just some of the factors
contributing to the overall sense of unease.
Cumulative consolidated earnings through the third quarter for Nagase showed domestic sales of ¥273.75 billion(7.3% year-on-year decline), with overseas sales of ¥198.71 billion (2.7% decline). Net sales amounted to ¥472.46
billion, which was a 5.4% year-on-year decline.
In addition to the drop in net sales, Nagase experienced an increase in selling, general and administrative
expenses. Operating profit for the cumulative period amounted to ¥11.19 billion (28.0% year-on-year decrease),
ordinary income was ¥13.48 billion (20.8% decrease), and net income was ¥7.55 billion (28.1% decrease).
Segment Summary
During the first quarter, Nagase changed the makeup of our reportable segments. We have provided a comparisonof cumulative third quarter results for the current and prior fiscal years according to the reportable segments as of
the third quarter of the current fiscal year for reference purposes.
[Chemicals]
Sales: ¥191.39 billion (5.7% year-on-year decrease)
We experienced a net increase in sales for coating raw materials in our Functional Chemicals business; however,sales for urethane materials, plastic materials and additives declined. While sales of dyes/additives in our Colors
and Imaging business fell slightly, sales declined in information printing, as well as in dyestuffs and fiber
processing agents for the fiber processing industry. Sales of functional dyes for display-related products also
experienced a wide year-on-year decline. Sales of surfactants and raw materials for industrial oil solutions grew,
while fluorochemical sales experienced slight growth. However, sales declined for organic products, and declined
significantly for precision abrasive materials. As such, sales performance for the Chemicals segment as a wholedeclined.
[Plastics]
Sales: ¥163.41 billion (2.3% year-on-year decrease)
Sales for office equipment and appliances in the Chinese market declined for the period. The automotive industry
continues to recover since the March 11 earthquake and tsunami, and sales for our automotive-related businessexperienced a slight overall increase year-on-year. Functional films and sheets, as well as plastic molding products,
saw a slight increase in net sales, driven by stronger performance in their respective mainstay products. By region,
sales in Southeast Asia and North America experienced slight declines, while Northeast Asia saw a wider drop. As
a whole, overseas sales declined, as did sales for the Plastics segment as a whole.

2

Nagase & Co., Ltd. (8012)
Consolidated Financial Statements for the Third Quarter of the Fiscal Year Ending March 31, 2012

[Electronics]
Sales: ¥82.73 billion (8.7% year-on-year decrease)
Sales of touch-panel modules, LED light components, and formulated epoxy resin for heavy electricalequipment/mobile phones experienced an increase. Meanwhile, chemicals used in manufacturing semiconductors
and LCD panels fell. While sales were generally favorable overseas, our withdrawal from the liquid crystal-related
component processing business meant a drop in overall sales for the segment.
[Life Sciences]
Sales: ¥34.25 billion (9.3% year-on-year decrease)
While we saw an increase in sales of medicinal products in our fine chemicals business, sales for pharmaceuticalraw materials/intermediates, daily commodities, and agricultural chemicals declined. Enzyme/fermentation productsales likewise fell as sales for the Life Sciences segment declined in whole. Our beauty care products business,
which handles sales of cosmetics and health foods, experienced strong performance for a new product line
launched during the second quarter; however, health food sales (started last fiscal year) fell, driving overall sales inthe beauty care products business down.
[Other]Sales: ¥660 million (5.4% year-on-year decrease)

No specific matters to report in this segment.

3

Nagase & Co., Ltd. (8012)
Consolidated Financial Statements for the Third Quarter of the Fiscal Year Ending March 31, 2012

(2) Qualitative Information on Consolidated Financial Position
Assets, Liabilities, and Net Assets
Total assets increased by ¥11.04 billion to ¥386.37 billion. Current assets increased by ¥15.07 billion compared tothe end of the prior consolidated fiscal year, reaching ¥292.37 billion, mainly due to increased inventories andaccounts receivable (due to business holidays). fixed assets fell by ¥4.02 billion compared to the end of the priorconsolidated fiscal year, down to ¥94 billion, mainly due to market-price declines for investments in securities.
Liabilities increased by ¥12.76 billion compared to the end of the prior fiscal year, reaching ¥178.78 billion.
While Nagase recorded ¥7.55 billion in net income, market-price declines of equity holdings led to an unrealized
holding loss on securities of ¥3.4 billion. In addition, the company marked a ¥2.44 billion decline in translation
adjustments due to the strength of the yen against world currencies. Accordingly, net assets amounted to ¥207.59
billion, representing a ¥1.71billion decline compared to the end of the prior consolidated fiscal year.
As a result, the company’s net worth ratio fell two points from the 53.7% mark at the end of the prior consolidated
fiscal year, dropping to 51.7%.
Cash FlowsNet cash provided by operating activities amounted to ¥1.42 billion. The company recorded income before income
taxes of ¥13.98 billion and depreciation and amortization (non-cash expenses) of ¥5.16 billion, which were offset
by inventory increases of ¥7.35 billion and taxes paid of ¥7.38 billion.
Net cash used in investing activities amounted to ¥7.83 billion, mainly due to ¥6.39 billion in purchases of property,
plant and equipment.
Net cash provided by financing activities amounted to ¥1.8 billion. While the company paid ¥3.21 billion in
dividends, it also received ¥6.45 billion in cash from short-term loans.
In addition to the preceding, the company experienced a negative effect of exchange rate changes on cash and cash
equivalents of ¥790 million. As a result, cash and cash equivalents at the end of the third quarter amounted to¥41.97 billion, representing a ¥5.22 billion decrease compared to the end of the prior consolidated fiscal year.
(3) Qualitative Information related to Projected Consolidated Earnings
The company has made no changes to the projected consolidated results as announced on October 28, 2011.
(Note concerning earnings forecasts)
Today (January 31, 2012), Nagase announced the acquisition of Hayashibara Co., Ltd. shares, making Hayashibara
a wholly owned Nagase subsidiary. Since the Hayashibara business will have a negligible impact on full-year
consolidated results for the fiscal year ending March 2012, we have not included Hayashibara operations in theseearnings projections. We will make a prompt announcement in the event we determine that Hayashibara will have asignificant impact on Nagase earnings.
For details regarding the Nagase acquisition of Hayashibara Co., Ltd. shares, please see “Hayashibara Co., Ltd.
Reorganization Plan Approved; Nagase to Acquire Outstanding Shares to Make Hayashibara a Wholly Owned
Subsidiary,” announced today.
Corporate Website
http://www.nagase.co.jp/
Tokyo Stock Exchange Website (listed company search page)
http://www.tse.or.jp/listing/compsearch/index.html

4Nagase & Co., Ltd. (8012)
Consolidated Financial Statements for the Third Quarter of the Fiscal Year Ending March 31, 2012

2. Summary Information (Other)(1) Changes of classification of specified subsidiaries accompanied by changes in consolidation scope
No matters to report.

(2) Application of special accounting methods in the preparation of quarterly consolidated financial
statements
No matters to report.

(3) Changes in accounting policies or presentation methods in consolidated financial statements
No matters to report.

(4) Additional Information(Application of the Accounting Standard for Accounting Changes and Error Corrections, etc.)
Nagase applied the Accounting Standard for Accounting Changes and Error Corrections (ASBJ Statement No.24 ofDecember 4, 2009) and the Guidance on Accounting Standard for Accounting Changes and Error Corrections(ASBJ Guidance No.24 of December 4, 2009) to accounting changes and error corrections made to prior period
financial statements after April 1, 2011.

5

Nagase & Co., Ltd. (8012)
Consolidated Financial Statements for the Third Quarter of the Fiscal Year Ending March 31, 2012

3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Millions of yen)

Prior Consolidated Fiscal Year
(March 31, 2011)ASSETS
Current assets
Cash and time deposits
Notes and accounts receivable
Merchandise and finished goods
Work in process
Raw materials and supplies
OthersLess allowance for doubtful accounts
Total current assets
Property, plant and equipment, at cost
Property, plant and equipment
Intangible fixed assets
Investments and other assets
Investments in securities
OthersLess allowance for doubtful accounts
Total investments and other assets
Total property, plant and equipment
Total assets
LIABILITIESCurrent liabilities
Notes and accounts payable
Short-term loans
Current portion of long-term debt
Accrued income taxes
Provision
Other
Total current liabilities
Long-term liabilities
Long-term debt
Deferred tax liabilities
Accrued retirement benefits for employees
Other
Total long-term liabilities
Total liabilities

6

Third Quarter, Current
Consolidated Fiscal Year
(December 31, 2011)

47,202
186,113
34,033
531
2,150
8,464
(1,191)
277,304

42,794
198,403
39,076
1,171
2,822
9,240
(1,133)292,374

39,916
3,674

42,916
3,717

50,7264,307(592)
54,441
98,032
375,336

43,267
4,271(167)
47,371
94,005386,379

101,679
15,525
613
3,947
3,599
13,152
138,517

115,634
21,026
5,794
2,251
2,245
11,824
158,777

10,555
8,810
7,295
841
27,502
166,020

5,298
5,587
8,304
814
20,005
178,783

Nagase & Co., Ltd. (8012)
Consolidated Financial Statements for the Third Quarter of the Fiscal Year Ending March 31, 2012

(Millions of yen)
Prior Consolidated Fiscal Year
(March 31, 2011)
Net assets
Shareholders’ equity
Common stock
Capital surplus
Retained earnings
Less treasury stock, at cost
Total shareholders’ equity
Accumulated other comprehensive income (loss)
Unrealized holding gain on securities
Deferred (loss) gain on hedges
Translation adjustments
Total accumulated other comprehensive income
Stock acquisition rights
Minority interest
Total net asset
Total liabilities and net assets

7

Third Quarter, Current
Consolidated Fiscal Year
(December 31, 2011)

9,699
10,041
181,665(5,460)195,946

9,699
10,041
185,888(5,460)200,168

13,188(8)(7,610)
5,570
235
7,564
209,316
375,336

9,785(10)(10,058)
(282)
110
7,600
207,596386,379

Nagase & Co., Ltd. (8012)
Consolidated Financial Statements for the Third Quarter of the Fiscal Year Ending March 31, 2012

(2) Quarterly Consolidated Statement of Income and Consolidated Statement of Comprehensive Income
Quarterly Consolidated Statement of Income, Cumulative Third Quarter(Millions of yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Divided income
Investment profit on equity method
Foreign exchange gain
OthersNon-operating income, total
Non-operating expenses
Interest expenses
OthersNon-operating expenses, total
Ordinary Income
Extraordinary gains
Gain on sale of property, plant andequipment
Gain on sale of investment securities
OthersTotal extraordinary gains
Extraordinary losses
Loss on sale of property, plant andequipment
Loss on disposal of property, plant andequipment
Impairment loss
Loss on sale of investments securities
Loss on valuation of investments
securities
Other
Total extraordinary losses
Income before income taxes
Income taxes
Deferred taxes
Total income taxes
Income before Minority interest
Minority interest
Net Income

Cumulative Third Quarter,
Cumulative Third Quarter, Current
Prior Consolidated Fiscal Year
Consolidated Fiscal Year
(April 1, 2010 to(April 1, 2011 to
December 31, 2010)
December 31, 2011)
499,316
472,469
443,984
418,670
55,33253,79939,78442,604
15,548
11,194

8

138
1,067
228
226
543
2,204

169
1,035
289
691
837
3,023

418
315
733
17,019483
249
732
13,486

29

14

324
322
677

1,148
131
1,293

18

4

90

109

50
70
32

435
5
241

450
713
16,983
5,815
4
5,819
11,164662
10,502－797
13,982
5,400
254
5,654
8,328
777
7,550

Nagase & Co., Ltd. (8012)
Consolidated Financial Statements for the Third Quarter of the Fiscal Year Ending March 31, 2012

Consolidated Statement of Comprehensive Income, Cumulative Third Quarter
Cumulative Third Quarter,
Prior Consolidated Fiscal Year

11,164

Cumulative Third Quarter,
Current Consolidated Fiscal
Year(April 1, 2011 to
December 31, 2011)
8,328(1,019)(3)(2,324)(73)(3,419)(2)(2,701)(70)(3,421)
7,742(6,193)
2,134

7,351
391

1,697
437

(April 1, 2010 to
December 31, 2010)
Income before minority interest
Other comprehensive loss
Unrealized holding gain on securities
Deferred (loss) gain on hedges
Translation adjustments
Share of other comprehensive incomeof associates accounted for using
equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to
Shareholders of the Company
Minority interest

9(Millions of yen)

Nagase & Co., Ltd. (8012)
Consolidated Financial Statements for the Third Quarter of the Fiscal Year Ending March 31, 2012

(3) Consolidated Statements of Cash Flows(Millions of yen)
Cumulative Third Quarter,
Prior Consolidated Fiscal Year
(April 1, 2010 to
December 31, 2010)
Operating activities
Income before income taxes
Depreciation and amortization(Increase) decrease in notes and accounts
receivable(Increase) decrease in inventories
Increase (decrease) in notes and accounts
payableOthers
Sub totalInterest and dividends received
Interest paid
Taxes paid
Operating activities
Investing activities
Purchases of property, plant and equipment
Cash from sale of investment securities
Gain on sale of investment in subsidiaries
related to a change in the scope of
consolidation
Payment for acquisition of intangible fixed
assetsOthersInvesting activities
Financing activities
Increase (decrease) in short-term loans, net
Repayment of long-term debt
Cash dividends paid
OthersFinancing activities
Effects of exchange rate changes on cash andcash equivalents
Net increase (decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of theyear
Increase in cash and cash equivalents
accompanying consolidation
Increase in cash and cash equivalents related tomerger with non-consolidated subsidiaries
Cash and cash equivalents at end of the year10

Cumulative Third Quarter,
Current Consolidated Fiscal
Year(April 1, 2011 to
December 31, 2011)16,983
4,627(17,776)

13,982
5,167(20,554)(7,012)
12,111(7,354)
20,334(1,385)
7,546
1,365
(416)
(4,036)
4,459(3,617)
7,958
1,323
(466)
(7,388)
1,428(4,243)729－(6,396)
1,278
537(1,283)(1,115)(2,000)(6,798)(2,135)(7,832)

4,743

6,459

(47)
(2,313)
(137)
2,244
(964)

(1,545)(3,212)
107
1,808
(794)

(1,059)(5,390)42,807

47,202

204

165

29

－

41,981

41,977

Nagase & Co., Ltd. (8012)
Consolidated Financial Statements for the Third Quarter of the Fiscal Year Ending March 31, 2012

(4) Going Concern Assumption
No matters to report.
(5) Segment Information[SEGMENT INFORMATION]
I Nine months ended December 31, 2010
1. Sales and income (loss) per reportable segment(Millions of yen)
Reportable Segments
Life
Chemicals Plastics Electronics Sciences

Total

Other
(Note 1)

Total

Corporate(Note 2)Adjust- Consolidated
ments(Note 4)(Note 3)

Net sales
Sales to customers
Intersegment sales
and transfers

202,975 167,263

90,618

1,975

402

1,738

37,758 498,615
320

4,437

700 499,316
3,745

8,183

―

―

499,316―(8,183)―

204,714 169,239
91,02038,078 503,053
4,446 507,499― (8,183)
499,316
Total
Segment income
7,003
3,826
4,783
836 16,449
73 16,522(1,469)495
15,548(loss)(Notes)1. “Other” consists of business segments not included in reportable segments, including distribution services, information processing
services, professional services, etc.
2. Segment income under Corporate consists of expenses not allocated to reportable segments or Other.
3. Adjustments are all intersegment eliminations.
4. Total segment income (total of Corporate and Adjustments) matches operating profit per the Quarterly Consolidated Statement of
Income.

2. Impairment of property, plant and equipment and goodwill per reporting segment(Impairment of fixed assets)
Due to the marked decline in market prices for idle assets in the Life Sciences segment, we have reduced the bookvalue of these assets to recoverable amounts. Nagase recorded ¥50 million in impairment costs related to theseassets for the cumulative third quarter of the current consolidated fiscal year.
II Nine months ended December 31, 2011
1. Sales and income (loss) per reportable segment(Millions of yen)
Reportable Segments
Chemicals Plastics Electronics

Life
Sciences

Total

Others(Note 1)

Consolidated(Note 4)

Total

Corporate(Note 2)Adjustments(Note 3)

662 472,469――

472,469

8,957―(8,957)―

4,516 481,426―(8,957)472,469

Net sales
Sales to customers
Intersegment sales
and transfers
Total

191,399 163,416
1,667

82,7342,375

561

193,066 165,792

83,29634,256 471,807
498

5,103

34,754 476,910

3,854

Segment income
5,624
2,613
4,870
455 13,564
129 13,694(3,024)525
11,194(loss)(Notes)1. “Other” consists of business segments not included in reportable segments, including distribution services, information processing
services, professional services, etc.
2. Segment income under Corporate consists of expenses not allocated to reportable segments or Other.
3. Adjustments are all intersegment eliminations.
4. Total segment income (total of Corporate and Adjustments) matches operating profit per the Quarterly Consolidated Statement of11

Nagase & Co., Ltd. (8012)
Consolidated Financial Statements for the Third Quarter of the Fiscal Year Ending March 31, 2012

Income.
5. Matters related to changes in reportable segments
In the first quarter of the current consolidated fiscal year, the Company changed segment classifications, placing businesses dealing
with precision abrasive materials, solar cell-related materials and hard disc-related materials under the “Chemicals” segment. Thesebusinesses had been included within the Electronics segment, but create more synergies under the new classification in the opinion of
the Company.
We have reclassified the reportable segments for the prior consolidated fiscal year in presenting sales and income (loss) per reportablesegment.

2. Impairment of property, plant and equipment and goodwill per reporting segment(Impairment of fixed assets)
The company has withdrawn from the light guide panel (component of liquid crystal displays) processing businessin China. Accordingly, the company has reduced the book value of related assets in the Electronics segment to theirrecoverable amounts. Nagase recorded ¥300 million in impairment costs related to these assets for the cumulative
third quarter of the current consolidated fiscal year.
Due to the closing of some parking structures operated by company subsidiaries, the company has reduced the bookvalue of related assets to their recoverable amounts. Nagase recorded ¥81 million in impairment costs related tothese assets in the Other segment for the cumulative third quarter of the current consolidated fiscal year.
Due to the marked decline in market prices for idle assets in the Life Sciences segment, we have reduced the bookvalue of these assets to recoverable amounts. Nagase recorded ¥54 million in impairment costs related to theseassets for the cumulative third quarter of the current consolidated fiscal year.

(6) Notes on significant changes in shareholders’ equity
No matters to report.

12

Nagase & Co., Ltd. (8012)
Consolidated Financial Statements for the Third Quarter of the Fiscal Year Ending March 31, 2012

4. Supplementary Information(1) Overseas sales
Nine months ending December 31, 2010 (consolidated)
Northeast Asia Southeast Asia North America Europe & OtherI Overseas sales (millions ofyen)
II Consolidated sales (millionsof yen)
III Ratio of overseas sales toconsolidated sales (%)

118,366

59,18814,904

11,669Total
204,128
499,316

23.7

11.9

3.0

2.3

40.9

Nine months ending December 31, 2011 (consolidated)
Northeast Asia
I Overseas sales (millions ofyen)

115,699

Southeast Asia North America Europe & Other
56,12916,346

10,538

Total
198,713

II Consolidated sales (millions of472,469
yen)
III Ratio of overseas sales to
24.5
11.9
3.5
2.2
42.1
consolidated sales (%)(Notes)1. Overseas sales are sales to countries other than the home countries of the Company and its consolidated subsidiaries
2. Countries/regions are determined by geographical proximity.
3. Country/regions classifications(1) Northeast Asia......Taiwan, China(2) Southeast Asia......Singapore, Thailand(3) North America......United States(4) Europe & Other......Germany

13