Consolidated Financial Statements for the Second Quarter of the Fiscal YearEnding March 31, 2012 <Under Japanese GAAP>
October 28, 2011
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
Filing of Quarterly Report (scheduled): November 11, 2011
Start of distribution of dividends (scheduled): December 5, 2011
Supplementary documents or quarterly financial results: Yes
Quarterly investors’ meeting: Yes
1. Consolidated Results for the Second Quarter of the Fiscal Year Ending March 31, 2012
(April 1, 2011 to September 30, 2011)(1) Consolidated Operating Results (Percentages represent changes compared with same period of the previous
fiscal year.)(Note: Amounts have been rounded down to the nearest million yen.)
Net sales
Millions of yen
308,494
331,311For the second quarter ended
September 30, 2011
September 30, 2010

(Note) Comprehensive income:Operating profit
Ordinary income
Net income% Millions of yen% Millions of yen% Millions of yen%(6.9)
7,794 (26.0)
9,201 (19.1)
5,402 (21.1)
17.8
10,533 100.2
11,369 96.1
6,849 121.3

Second quarter ended September 30, 2011:
Second quarter ended September 30, 2010:

Yen
42.04
53.29

Earnings per share(diluted)
Yen――

Total Assets
Millions of Yen
376,324
375,336

Net Assets
Millions of Yen
210,729
209,316

Earnings per share
For the second quarter ended
September 30, 2011
September 30, 2010

¥3,669 million (74.7%)¥2,100 million (NA)(2) Consolidated Financial Position
September 30, 2011
March 31, 2011

(Reference) Equity capital:

As of September 30, 2011:
As of March 31, 2011:

Net Worth Ratio
%
53.9
53.7

¥202,876 million¥201,516 million

2. Dividends
Dividends per share
1Q
For the year ended(or ending)March 31, 2011
March 31, 2012
March 31, 2012 (estimate)

Yen

Interim
Yen

―
―

9.00
12.00

3Q
Yen

Fiscal Year End
Yen

Annual
Yen

―

13.00

22.00

―

12.00

24.00

(Note) Revisions to the latest projected dividends: No

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)

Net sales
Full fiscal year

Millions of yen
630,000

Earnings per
share% Millions of yen% Millions of yen% Millions of yen
%
Yen
(4.6)
15,500 (17.3)
17,000 (17.6)
10,000 (22.0)
77.81
Operating profit

Ordinary income(Note) Revisions to the latest projected consolidated results: Yes

Net income

4. Other(1) Changes in major subsidiaries during the period (changes in specified subsidiaries accompanying changes inthe scope 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 September 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 September 30, 2011:
9,893,774 shares
As of March 31, 2011:
9,893,808 sharesiii.
Average number of shares during the period:
Three months ended September 30, 2011:
128,514,518 shares
Three months ended September 30, 2010:
128,547,717 shares
Indication of quarterly review procedure implementation status
This quarterly report is exempt from the quarterly review procedure based upon the Financial Instruments andExchange Act. Furthermore, quarterly consolidated financial statements were undergoing the review procedure
process at the time of 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 Second 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 ···························································· 9Consolidated 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(7) Significant subsequent events ··················································································· 13
4. Supplementary Information ·························································································· 14(1) Overseas sales ··········································································································· 14-1-

Nagase & Co., Ltd. (8012)
Consolidated Financial Statements for the Second 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
During the second quarter of the current fiscal period we saw signs of production recovery in a Japanese economy
that had been suffering the effects of the March 11 earthquake and tsunami. However, concerns have grown about
the finances of the U.S. and Europe. The rapid valuation rise in the yen has also caused worries about downward
pressure on corporate earnings. Given these factors, the future direction of the economy remains unclear.
In this business environment, Nagase & Co. domestic sales for the second quarter amounted to ¥179.92 billion (an8.4% year-on-year decrease), while overseas sales amounted to ¥128.56 billion (a 4.8% year-on-year decrease).
Net sales experienced a 6.9% decrease compared to the same period in the prior fiscal year, falling to ¥308.49
billion.
This decrease in net sales, combined with an increase in general and administrative expenses, resulted in operating
profit of ¥7.79 billion, which was a 26.0% year-on-year decrease. Ordinary income and net income amounted to¥9.2 billion (a 19.1% year-on-year decrease) and ¥5.4 billion (a 21.1% year-on-year decrease), respectively.
Segment Summary
In the first quarter of the consolidated fiscal period, the company made a partial change to its classification ofreportable segments. Accordingly, we have reclassified the reportable segments of the prior cumulative second
quarter to present comparative figures and ratios with the current cumulative second quarter.
[Chemicals]
Sales: ¥128.43 billion (5.4% year-on-year decrease)
In the performance chemicals business, coating raw material sales increased, while sales of urethane materials tothe automotive industry declined. Sales of plastic raw materials and additives experienced a slight drop. In the colorand imaging business, sales of pigments and additives, as well as sales for information printing materials were
mostly flat. Functional color pigments for display-related applications and fiber processing agents for the fiber
processing industry experienced a decline in sales. In the specialty chemicals business, sales of surfactants and raw
materials for oil industry solutions increased. Sales of precision abrasive materials, however, declined. Sales oforganic synthesis materials and fluorochemicals also declined. As a result, overall sales in the Chemicals segment
fell.
[Plastics]

Sales: ¥105.35 billion (4.3% year-on-year decrease)

Sales to office automation and consumer electronics businesses fell with lower exports to the Chinese market.
While the automobile industry has been experiencing a recovery, overall sales of automotive materials decreased.
Our mainstay products in functional films and sheets and plastic molding products also experienced falling sales.
Sales decreases in Southeast Asia and North America were limited to slight declines; however, the drop in sales to
Northeast Asia pushed overall overseas sales down. As a result, sales in the Plastics segment fell.

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

[Electronics]

Sales: ¥51.81 billion (12.7% year-on-year decrease)

Sales of materials for LCD films and touch panels increased. Sales of chemicals used to manufacture
semiconductors and LCD panels decreased; however, sales of formulated epoxy resins experienced strong growth
for applications in heavy electric machinery and mobile phones. Overseas sales were strong; however, Nagase’s
withdrawal from the LCD-related materials processing business served to push overall segment sales lower.
[Life Sciences]

Sales: ¥22.45 billion (12.6% year-on-year decrease)

In the fine chemicals business, sales of pharmaceuticals manufactured by Nagase Medicals Co., Ltd. increased.
However, pharmaceutical raw materials and intermediates, daily commodities, and agricultural chemical-related
business sales decreased. Sales also declined for enzymes and fermentation products due to a decrease in Nagase
ChemteX Corp. product sales.
The beauty care products business, which handles sales of cosmetics and health foods, experienced strong sales of
new cosmetics launched during the second quarter; however, sales of health foods (started during the prior fiscal
year) dropped. As a result, overall sales in the life sciences segment decreased.
[Other]Sales: ¥440 million (5.3% year-on-year increase)
No specific matters to report in this segment.

3

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

(2) Qualitative Information on Consolidated Financial Position
Assets, Liabilities, and Net Assets
Compared to the end of the prior consolidated fiscal year, total assets increased by ¥980 million to ¥376.32 billion.
A decrease in cash and time deposits and investments in securities was offset by increases in inventories andproperty, plant and equipment, the result of greater capital investment.

Liabilities decreased by ¥420 million compared to the end of the prior consolidated fiscal year to ¥165.59 billion.
This decrease was mainly due to decreases in trade payables and deferred tax liabilities, offset somewhat byincreases in borrowings.

Net assets increased by ¥1.41 billion compared to the end of the prior consolidated fiscal year to ¥210.72 billion.
Decreases in unrealized holding gains on securities and a downturn in translation adjustments were offset byincreases in retained earnings.
As a result, Nagase & Co.’s net worth ratio increased by 0.2 points over the 53.7% at the end of the priorconsolidated fiscal year to 53.9%.

Cash FlowsNet cash provided by operating activities for the cumulative second fiscal quarter amounted to ¥1.75 billion. Thiswas mainly due to income before income taxes of ¥9.45 billion, offsetting increases in working capital due toincreased inventories and income tax payments.

Net cash used in investing activities amounted to ¥4.9 billion, due mainly to purchases of property, plant andequipment.

Net cash used in financing activities amounted to ¥50 million. Increases in short-term loans were offset bypayments of ¥1.67 billion in dividends.

In addition, the company recorded a decrease of ¥80 million in effects of exchange rate changes on cash and cash
equivalents and an increase of ¥160 million for an increase in cash and cash equivalents accompanying
consolidation. Accordingly, cash and cash equivalents at the end of the cumulative second quarter amounted to¥44.07 billion, which was a ¥3.12 billion increase compared to the end of the prior consolidated fiscal year.

(3) Qualitative Information related to Projected Consolidated Earnings
A genuine recovery in Japan’s automobile manufacturing is expected for the second half of the fiscal year.
However, large-format TV panel production has fallen sharply, quickly shifting to smaller-format screens. The
economies of Europe and America appear to be decelerating, while the economies of the emerging countries (which
had been driving global growth) are losing pace due to tightened financing. The natural disaster in Thailand has
impacted supply chains. As such, there are increasing fears of a downside risk originating overseas.

4

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

Nagase continues initiatives in manufacturing and functional improvements that make the most of the group’s
products and unique technologies in chemicals, plastics, and electronics. We are focusing on expanding our
high-value-added businesses, while developing more proprietary technologies and building stronger manufacturing
abilities in the areas of environment and energy and bio/life sciences. Through these efforts, we believe we canbuild an even stronger business foundation.
Owing to these initiatives, cumulative second quarter results outperformed plan. However, we have revised ourfull-year projections. We now forecast full year net sales of ¥630.0 billion (a 4.6% year-on-year decrease), operating
profit of ¥15.5 billion (a 17.3% year-on-year decrease), ordinary income of ¥17.0 billion (a 17.6% year-on-year
decrease), and net income of ¥10.0 billion (a 22.0% year-on-year decrease). These revisions are based on declining
sales in Northeast Asia, as well as our expectations that our businesses in Thailand will be significantly affected by
the disaster in that country.
On August 3, 2011 we signed a sponsorship agreement to support the reconstruction of reorganization company
Hayashibara Co., Ltd. and its group companies. At present, the reconstruction plan has yet to be submitted. Until
such time as the reconstruction plan has been approved, it is difficult to incorporate the impact of the plan on the
Nagase Group financial status and earnings. Accordingly, we have omitted the impact of such from our earnings
projections.

5Nagase & Co., Ltd. (8012)
Consolidated Financial Statements for the Second 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.

6

Nagase & Co., Ltd. (8012)
Consolidated Financial Statements for the Second 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

7

Second Quarter, Current
Consolidated Fiscal Year
(September 30, 2011)

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

44,594
182,406
41,231
1,096
2,725
8,691
(947)
279,798

39,916
3,674

42,293
3,622

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

46,6644,168(224)
50,60996,525376,324

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

100,550
17,972
5,957
3,436
3,417
12,217
143,551

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

5,488
7,663
8,074
816
22,043
165,594

Nagase & Co., Ltd. (8012)
Consolidated Financial Statements for the Second 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

8

Second Quarter, Current
Consolidated Fiscal Year
(September 30, 2011)

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

9,699
10,041
185,282(5,460)199,562

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

11,136
1(7,823)
3,314
112
7,740
210,729
376,324

Nagase & Co., Ltd. (8012)
Consolidated Financial Statements for the Second 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 Second 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
OthersNon-operating income. total
Non-operating expenses
Interest expenses
OthersNon-operating expenses, total
Ordinary Income
Extraordinary gains
Extraordinary losses
Income before income taxes
Income taxes
Deferred taxes
Total income taxes
Income before Minority interest
Minority interest
Net Income

Cumulative Second Quarter,
Prior Consolidated Fiscal Year
(April 1, 2010 to
September 30, 2010)
331,311294,287
37,02326,49010,533Cumulative Second Quarter,
Current Consolidated Fiscal Year
(April 1, 2011 to
September 30, 2011)
308,494
272,70335,79027,995
7,794

88
592
101
546
1,328

112
609
159
987
1,869

275
216
491
11,369474
747
11,096
4,160
(275)
3,885
7,211
361
6,849

320
141
462
9,201
497
248
9,450
3,929
(359)
3,569
5,880
477
5,402

9

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

Consolidated Statement of Comprehensive Income, Cumulative Second Quarter(Millions of yen)

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
methodTotal other comprehensive income
Comprehensive income
Comprehensive income attributable to
Shareholders of the Company
Minority interest

Cumulative Second Quarter,
Prior Consolidated Fiscal Year
(April 1, 2010 to
September 30, 2010)
7,211

10

Cumulative Second Quarter,
Current Consolidated Fiscal Year
(April 1, 2011 to
September 30, 2011)
5,880(3,572)(12)(1,482)(44)(2,063)
9
(131)
(24)

(5,111)
2,100(2,210)
3,669

1,908
191

3,146
523

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

(3) Consolidated Statements of Cash Flows(Millions of yen)
Cumulative Second Quarter,
Prior Consolidated Fiscal Year
(April 1, 2010 to
September 30, 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
OthersInvesting activities
Financing activities
Increase (decrease) in short-term loans, net
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
Cash and cash equivalents at end of the year

11

Cumulative Second Quarter,
Current Consolidated Fiscal Year
(April 1, 2011 to
September 30, 2011)

11,096
3,126

9,450
3,324

(3,766)(5,756)

3,714(7,595)

(96)
(270)
4,332
763
(279)
(2,361)
2,455(1,544)(1,581)
5,767
728
(322)
(4,421)
1,752(3,996)(1,861)(5,858)(3,450)(1,450)(4,900)3,891(1,156)
(193)
2,540

2,659
(1,670)(1,045)
(57)

(704)

(85)

(1,566)(3,290)42,807

47,202204
41,445165
44,076

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

(4) Going Concern Assumption
No matters to report.
(5) Segment Information[SEGMENT INFORMATION]
I Six months ended September 30, 2010
1. Sales and income (loss) per reportable segment(Millions of yen)
Reportable Segments
Chemicals Plastics Electronics

Life
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
Total
Segment income(loss)

135,814 110,068
1,177

59,323

1,271

268

136,992 111,339

59,592

4,974

2,566

25,686 330,893
201

2,919

25,888 333,812

2,977

574

11,092――

331,3115,603―(5,603)―

3,102 336,915―(5,603)331,311

(956)

332

10,533418 331,311
2,683

64

11,157(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.
II Six months ended September 30, 2011
1. Sales and income (loss) per reportable segment(Millions of yen)
Reportable Segments
Chemicals Plastics Electronics

Life
Sciences

Total

Others(Note 1)

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

Net sales
Sales to customers
Intersegment sales
and transfers
Total
Segment(loss)(Notes)income128,435 105,355
1,151

51,8101,642

382

129,587 106,997

52,192

3,959

1,656

3,168

22,452 308,053
297

3,474

22,750 311,527
340

9,125

―

―

308,494

6,137―(6,137)―

3,104 314,632―(6,137)

308,494(1,801)

388

7,794

440 308,494
2,663

82

9,207

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.
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. These businesses had been included within the Electronics segment, but create
more synergies under the new classification in the opinion of the Company.
12Nagase & Co., Ltd. (8012)
Consolidated Financial Statements for the Second Quarter of the Fiscal Year Ending March 31, 2012

We have reclassified the reportable segments for the prior consolidated fiscal year in presenting sales and income(loss) per reportable segment.
(6) Notes on significant changes in shareholders’ equity
No matters to report.
(7) Significant subsequent events
No matters to report.

13

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

4. Supplementary Information(1) Overseas sales
Six months ending September 30, 2010 (consolidated)
Northeast Asia
I Overseas sales (millions ofyen)
II Consolidated sales (millionsof yen)
III Ratio of overseas sales toconsolidated sales (%)

77,493

Southeast Asia North America Europe & Other
39,00810,358

8,129

Total
134,989
331,311

23.4

11.8

3.1

2.4

40.7

Six months ending September 30, 2011 (consolidated)
Northeast Asia
I Overseas sales (millions ofyen)
II Consolidated sales (millions ofyen)
III Ratio of overseas sales toconsolidated sales (%)

72,971

Southeast Asia North America Europe & Other
37,19810,809

7,587

Total
128,566
308,494

23.6

12.1

3.5

2.5

41.7

(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

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