Summary of Business Results for FY Ended December 2006
(Consolidated)

Date: February 14, 2007

Company
Funai Zaisan Consultants Co., Ltd.
Registered on the TSE Mothers
Stock code8929
Head office location: TokyoURL
http://www.funai-zc.co.jp
Representative Yoshihito Hirabayashi
Contact
Title of Executive Executive Director, Executive Officer and Administration
ManagerName
Hisao Nakatsuka TEL
03-5321-7020
Meeting of the Board of Directors
February 14, 2007
Application of US Accounting Standard
None

1. Business Results as of FY December 2006 (January 1, 2006 to December 31, 2006)(1) Results of operations(Note: Rounded down to million yen)
December 2006
December 2005

Net sales¥ Million
13,756
11,237%22.4
35.1

Net Income

December 2006
December 2005

¥ Million
903
640%
40.9
49.4

Operating income¥ Million
1,935
1,283Net
incomePer share

Dilutednet
incomeper share¥
17,229.43
24,750.98¥
16,296.33

Ordinary income¥ Million
%
1,628
46.0
1,115
45.5%
50.7
45.8

Returnonequity%21.2
18.9

Ratio ofrecurringincome tototal
assets%10.1
10.2

Ratio ofrecurringincome tonet sales
%
11.8
9.9

(Note)1. Earnings/loss on investments in equity-method affiliates
Fiscal year ended December 2006: - ¥87 million
Fiscal year ended December 2005: ¥33 million
2. Average number of shares outstanding (consolidated)
Fiscal year ended December 2006: 52,412
Fiscal year ended December 2005: 25,890
3. Changes in accounting principles applied: None
4. The percentages shown for net sales, operating income, ordinary income,and net income represent changes from the same period in the previous
fiscal year.
5. As of November 1, 2006, ordinary shares were split on a two-to-one basis.
(2) Consolidated Financial Position

December 2006
December 2005

(Note: Rounded down to million yen)

Total assets

Net assets¥ Million
17,684
14,535¥ Million
4,829
3,732

Equity capital
ratio
27.0
25.7

Net assets pershare%

91,096.96
142,418.27(Note) Number of shares outstanding (consolidated) at end of period
Fiscal year ended December 2006: 52,412
Fiscal year ended December 2005: 26,206(3) Results of Cash Flows

December 2006
December 2005

Net cash flows by
operatingactivities

Net cash flows
by investment
activities

Net cash flows by
financial activities¥ million
2,918-3,513¥ Million-4,296-842¥ Million
1,884
5,403

Balance of cash
and cashequivalents atthe end of theyear¥ Million
4,463
3,957

¥

(4) Matters concerning the scope of consolidation and application of the equity method
Consolidated subsidiaries: 11
Unconsolidated subsidiaries accounted for under the equity method: 0
Affiliates accounted for under the equity method: 3(5) Changes in the scope of consolidation and affiliates accounted for under the equitymethod
Consolidated subsidiaries: new, 4; excluded, 1
Affiliates accounted for under the equity method: new, 1; excluded, 17
2. Forecast of Financial Performance in FY December 2007 (January 1 to December 31,2007)
Interim
FY ending December 2007

Net sales¥ Million
8,000
15,000Ordinary income¥ Million
1,800
2,000(Note) Projected net income per share for the year

Net income¥ Million
1,100
1,300

24,803.48 yen

The forecasts above regarding future performance are based on judgments made inaccordance with information available at the time this report was prepared, andtherefore embody risks and uncertainties. Actual results may differ from these forecasts
due to changing business conditions and other factors.
For further details, see page 11 of the attached materials.