Consolidated and Non-Consolidated Financial Results
for the First Quarter Ended January 31, 2010
Date:

March 8, 2010

Company Name and Code:

Tomoe Engineering Co., Ltd. and Subsidiaries - 6309
(Website: http://www.tomo-e.co.jp/index_e.html)

Stock Exchange Listing:

1st Section, Tokyo Stock Exchange

Head Office:2-2, Osaki 1-chome, Shinagawa-ku, Tokyo, Japan

President:

Noboru Shiono

Investor Relations Contacts:

Natsuhiko Maeda, Director, Accounting and Management Planning Tel: (03) 5435-6512

Date to report Consolidated Quarterly Financial Statement: March 15, 2010
Date for Dividend Payment:* Any fractional sums less than one million (or one thousand) yen are disregarded.
1. Consolidated Financial Data for the First Quarter Ended January 31, 2010
(1) Results of Operation (Consolidated)

Quarter Ended January 31, 2010
Quarter Ended January 31, 2009

(Percent: Change from the same quarter of the previous year)
Net Sales
Operating Income
Ordinary Income
Millions ofMillions ofMillions ofPercent
Percent
Percent
Yen
Yen
Yen
7,955
(16.7)
169(16.0)
174
159.2
9,546
201
67
Net Income

Quarter Ended January 31, 2010
Quarter Ended January 31, 2009

Millions of
Yen
203
(22)

Net Income per Share

Fully Diluted Quarterly
Net Income per Share

Yen
20.39
(2. 28)Yen-

Percent-(2) Financial Condition (Consolidated)
Total Assets (A)(Millions of Yen)
Quarter Ended January 31, 2010
26,596
Year Ended October 31, 2009
26,412

Net Assets (B)(Millions of Yen)
17,872
17,921Net Assets Ratio(B) / (A) (Percent)
66.1
66.8

Net Assets
per Share (Yen)
1,762.46
1,767.97(Reference) Net assets (not including minority interests):
First Quarter ended January 31, 2010: 17,587 million yen
Year ended October 31, 2009: 17,642 million yen
2. Dividend Status(Record Date)
Year Ended October 31, 2009
Year Ending October 31, 2010
Year Ending October 31, 2010 (Prospect)

Dividend per Share (Yen)InterimThird
End ofTerm
Quarter
Fiscal Year
30.00

First
Quarter--(Note) Correction of the prospected dividend for this quarter: None

1

30.00

Annual30.00
30.00

3. Forecast for Earnings for the Year Ending October 31, 2010 (Consolidated)(Percent: Change from the previous quarter)
Net Sales
Operating Income
Ordinary Income(Millions of Yen) (Percent) (Millions of Yen) (Percent) (Millions of Yen) (Percent)
2nd Quarter YTD(consolidated)
Full Business Year

20,5003.4

1,130(17.6)

1,130(24.7)

39,500

8.8

1,730

9.1

1,750

3.7

Net Income
Net Income per Share(Millions of Yen) (Percent)Yen
2nd Quarter YTD(consolidated)
Full Business Year730

(12.9)

73.15

1,100

10.7

110.23(Note) Correction of the prospected earnings for this quarter: None
4. Others(1) Significant changes in subsidiaries during this quarter (changes in specific subsidiaries involving changes in thescope of consolidation): None
(2) Adoption of simplified accounting method and the specific accounting method in preparing the consolidated
quarterly financial statements: Yes(Note) For details, refer to 4. Other Information, [Qualitative Information and Financial Statements, etc.] on p.4.
(3) Change of the principle, procedure, and representation of the accounting policies concerning the preparation of
consolidated quarterly financial statements (Changes to be described in “Change in the Basis of Presenting
Consolidated Quarterly Financial Statements”)
1) Change due to revision of accounting standard: Yes
2) Other changes: None
(Note) For details, refer to 4. Other Information, [Qualitative Information and Financial Statements, etc.] on p.4.
(4) Number of outstanding shares (Ordinary shares)
1) Number of outstanding shares as of quarter-end and year-end (including treasury stocks)
At January 31, 2010: 10,533,200 shares

At October 31, 2009: 10,533,200 shares

2) Number of treasury stocks as of quarter-end and year-end
At January 31, 2010:

554,328 shares

At October 31, 2009:

554,298 shares

3) Number of average shares during consolidated First quarters
At January 31, 2010: 9,978,886 shares

At January 31, 2009: 9,978,952 shares*Explanations for appropriate use of the earnings forecast and other special instructions
The forward-looking statements such as a forecast of our financial results described herein are based on theinformation currently available to us and certain assumptions that we believe are reasonable. Actual results could
differ materially due to various factors.

2

[Qualitative Information and Financial Statements, etc.]
1. Qualitative Information on Consolidated Operating Results:(1) General operating results
During the first quarter Japan’s economy benefitted from several positive changes, including a recovery in exports, andproduction exhibited a brisk level of activity. On the other hand, personal consumption remained flat against the backdropof no growth in the number of workers employed and stagnant wages, and with deflationary pressures becoming stronger
there were no signs of expansion in capital investment.
Given such circumstances, consolidated net sales for the Tomoe Engineering Group for the first quarter were 7,955
million yen, 16.7% down from the same period last year. Net sales for the Chemical Products Business were basicallyunchanged from the previous year, while the Machinery & Equipment Business experienced a lower level of activity
reflecting the large-scale overseas sales in the previous year. As a result, consolidated operating income was 169 million
yen, 16.0% down from the same period last year. Ordinary income, however, was 174 million yen, 159.2% up from thesame period last year because of a smaller loss on valuation of derivatives. Following the addition of extraordinary incomethat included a gain on sales of investments securities, net income for the quarter was 203 million yen, compared with a 22
million yen net loss in the same period last year.

(2) Machinery & Equipment BusinessIn the Machinery & Equipment Business, consolidated net sales were 1,332 million yen, 53.7% down from the same
period last year, which mainly reflected completion of the large-scale machinery shipments for the chemical industry in
Poland in the same period one year ago. Although earnings were affected positively by a decline in the cost rate,
consolidated earnings for this sector changed to a loss of 129 million yen, from a profit of 41 million yen in the same period
last year, mainly because of the lower net sales.
(3) Chemical Products BusinessIn the Chemical Products Business, sales of some commercial products slipped in the industrial materials business andthe advanced materials business, in contrast to the electronic materials business, where net sales remained strong thanks
to a recovery in semiconductor-related demand. As a result, the consolidated net sales for all sectors were 6,623 million
yen, 0.7% down from the same period last year. From a profit perspective, on the other hand, earnings were boosted by
the growth in net sales of commercial products enjoying relatively high profit margins in the electronic materials businessand the fine chemicals business, together with the effects of spending reductions, and consolidated operating income was
298 million yen, 86.1% up from the same period last year.
2. Qualitative Information on Consolidated Financial Position:(1) Assets, Liabilities, and Net Assets
Total assets at the end of the consolidated first quarter under review increased by 184 million yen (0.7%) from the end of
the previous consolidated fiscal year (consolidated fiscal year ended October 31, 2009) to 26,596 million yen (mainly due toan increase in inventories and other current assets, which exceeded the decrease in noncurrent assets resulting fromdepreciation and sales of investments securities).
Total liabilities increased by 233 million yen (2.8%) from the end of the previous consolidated fiscal year to 8,724 million
yen, mainly due to the increase in notes and accounts payable-trade, advances received and accounts payable-other,which exceeded decreases in provision for bonuses and other accounts. Net assets decreased by 49 million yen (0.3%)
from the end of the previous consolidated fiscal year to 17,872 million, due mainly to cash dividends paid.
As a result, the net assets ratio at the end of the consolidated first quarter under review decreased by 0.7 points to 66.1%
from the end of the previous consolidated fiscal year.

3(2) Cash Flow Status
Cash and cash equivalents as of the end of the consolidated first quarter under review decreased by 1,817 million yen to2,630 million yen from the end of the previous consolidated fiscal year. The status of each cash flow and their factors
during the first quarter are as follows:(Net Cash Provided by (Used in) Operating Activities)
Inventories increased by 1,391 million yen, and the provision for bonuses decreased by 472 million yen. As a result of theseand other changes, net cash used in operating activities was 689 million yen.
(Net Cash Provided by (Used in) Investment Activities)
Net cash used in investment activities was 835 million yen. This mainly reflected 1,000 million yen in funds used to increasetime deposits, which exceeded the proceeds from sales of investment securities and changes in other accounts.
(Net Cash Provided by (Used in) Financing Activities)
Net cash used in financing activities was 306 million yen, mainly for cash dividends paid.
3. Qualitative Information on Consolidated Earnings Forecast:
There are no changes to the six-month period and full business year projections included in the Forecast for the YearEnding October 2010 (Consolidated) that we released on December 10, 2009.
4. Other Information(1) Changes in important subsidiaries during this quarter (Changes in specific subsidiaries involving changes in thescope of consolidation): None
(2) Adoption of simplified accounting method and the specific accounting method in presenting the consolidated
quarterly financial statements
Calculation method of depreciation of noncurrent assets:
For the assets adopting the declining-balance method, we adopt the method to calculate the amount of depreciation forthe consolidated fiscal year by dividing the period proportionally.
(3) Change of the principle, procedure, and representation of the accounting policies concerning the preparation of
consolidated financial statements
Change of accounting policy for reporting balance of completed contracts and cost of completed contracts
We have traditionally reported revenues and costs of construction contracts by applying the completed-contract method.
Beginning from the first quarter consolidated accounting period, we will apply the Accounting Standard for Construction
Contracts (Accounting Standards Board of Japan Statement No. 15, December 27, 2007) and the Guidance on AccountingStandard for Construction Contracts (Accounting Standards Board of Japan Implementation Guidance No. 18, December
27, 2007). Beginning from works contracts for which construction activity was begun during the consolidated first quarter
period under review, we will apply the percentage of completion method for works for which the outcome of the construction
activity is deemed certain by the end of the consolidated first quarter period, and will apply the completed-contract method
for all other works.
For the consolidated first quarter under review, this change did not have a material effect on our earning and businesssegment information, because we did not have any contracts that fulfilled the requirements for application of the percentage
of completion method.

45. Consolidated Financial Statement(1) Consolidated Quarterly Balance Sheets(Thousands of Yen)
End of First Quarter

Summarized Balance Sheet(January 31, 2010)

for End of Previous Year

Assets(October. 31, 2009)

Current Assets
Cash and Deposits

3,630,205

4,447,793

Notes and Accounts Receivable-Trade

11,700,809

11,995,465

Merchandise and Finished Goods

3,417,309

2,591,153

Work in Process

1,360,047

914,572

Raw Materials and Supplies

928,657

787,926

Deferred Tax Assets

304,706

398,437

Others

380,902356,812

Allowance for Doubtful Accounts(20,933)(34,896)

21,701,704

21,457,266

2,525,099

2,522,652

Accumulated Depreciation(1,456,456)(1,433,070)

Buildings and Structures, Net

1,068,642

1,089,581

Machinery, Equipment and Vehicles

3,438,808

3,400,759

Accumulated Depreciation(2,529,344)(2,482,626)
918,132

Land

909,463970,253

Lease Assets

88,451

970,253
88,451

Accumulated Depreciation(35,036)(29,614)

Lease Assets, Net

53,41558,837960,545956,862(876,707)(869,884)

83,837

86,9783,085,612

3,123,783

51,96548,713

Investment Securities

854,059

903,416

Guarantee Deposits

413,101410,359

Deferred Tax Assets

48,69753,522Others521,467

506,668

Allowance for Doubtful Accounts(79,946)(91,282)

Total Investments and Other Assets

1,757,378

1,782,685

Total Noncurrent Assets

4,894,956

4,955,182

Total Assets

26,596,661

26,412,448

Total Current Assets
Noncurrent Assets
Property, Plant and Equipment
Buildings and Structures

Machinery, Equipment and Vehicles, Net

Others
Accumulated Depreciation
Others, Net
Total Property, Plant and Equipment
Intangible Assets
Investments and Other Assets5

(Thousands of Yen)
End of First Quarter

Summarized Balance Sheet(January 31, 2010)

for End of Previous Year

Liabilities and Net Assets(October 31, 2009)

Liabilities
Current Liabilities
5,882,104

5,430,683

Short-Term Loans Payable

705,615

692,481

Lease Obligations

27,455

28,107

Accounts Payable-Others

489,839

427,104

Income Taxes Payable

26,48853,760

Advances Received

437,739

243,984

Provision for Bonuses

319,820

791,939

Provision for Directors' Bonuses

13,876

48,470Allowance for Product Warranty

148,180

154,997

Others311,899294,5128,363,019

8,166,042

Lease Obligations

39,991

46,686

Provision for Retirement Benefits

31,42329,034

Provision for Directors' Retirement Benefits

142,760

142,760

Deferred Tax Liabilities

81,39350,901

Derivatives

65,86255,478

Total Noncurrent Liabilities

361,430

324,861

Total Liabilities

8,724,449

8,490,904

Capital Stock

1,061,210

1,061,210

Capital Surplus

1,483,410

1,483,410

Retained Earnings

15,461,666

15,557,577

Treasury Stock(363,081)(363,045)

17,643,204

17,739,152

Valuation Difference on Available-for-Sale Securities

89,867

77,749Deferred Gains or Losses on Hedges

(264)

(712)

Foreign Currency Translation Adjustment(145,460)(173,790)

Total Valuation and Translation Adjustments(55,857)(96,753)284,863

279,145

Total Net Assets

17,872,211

17,921,544

Total Liabilities and Net Assets

26,596,661

26,412,448

Notes and Accounts Payable-Trade

Total Current Liabilities
Noncurrent Liabilities

Net Assets
Shareholders’ Equity

Total Shareholders’ Equity
Valuation and Translation Adjustments

Minority Interests6(2) Consolidated Quarterly Statements of Income (First Quarter)(Thousands of Yen)First Quarter Ended

First Quarter Ended

January 31, 2009

January 31, 2010

Net Sales

9,546,624

7,955,463

Cost of Sales

7,847,366

6,340,188

1,699,257

1,615,274

1,497,561

1,445,780

201,696

169,494

Interest income

546

390

Dividends Income

6,941

4,804

Rent Income

6,312

6,252

-

20,188

6,843

4,582

20,64436,218Interest Expenses

8,403

2,924

Loss on Sales of Notes Payable

2,448

19

Foreign Exchange Losses

23,601-

Loss on Valuation of Derivatives

114,868

23,242

5,814

5,310

Total Non-Operating Expenses

155,136

31,497

Ordinary Income

67,204

174,215-

159,212

6,229

23,688
182,901

Gross Profit
Selling, General and Administrative Expenses
Operating Income
Non-Operating Income

Foreign Exchange Gains
OthersTotal Non-Operating Income
Non-Operating Expenses

OthersExtraordinary Income
Gain on Sales of Investment Securities
Reversal of Allowance for Doubtful Accounts

6,229

Total Extraordinary Income
Extraordinary Losses
Loss on Retirement of Noncurrent Assets

294

408
61,535

11,654

61,944

11,948

Income before Income Taxes and Minority Interests

11,489345,168

Income Taxes-Current

15,704

17,923

Income Taxes-Deferred

19,795

124,104

35,499142,027(1,277)(315)(22,732)

203,455

Loss on Sales of Noncurrent Assets
Total Extraordinary Losses

Total Income Taxes
Minority Interests in Losses
Net Income (Loss)7

(3) Consolidated Quarterly Statements of Cash Flows(Thousands of Yen)First Quarter Ended

First Quarter Ended

January 31, 2009

January 31, 2010

Net Cash Provided by (Used in) Operating Activities
Income before Income Taxes and Minority Interests

11,489345,168

Depreciation and Amortization

141,941

92,622

Increase (Decrease) in Provision for Bonuses(820,432)(472,656)

Increase (Decrease) in Provision for Directors' Bonuses(54,929)(34,594)

Increase (Decrease) in Allowance for Product Warranty
Increase (Decrease) in Provision for Retirement Benefits

84,051
1,082(6,817)
2,359

Increase (Decrease) in Provision for Directors' Retirement Benefits(115,020)-

Increase (Decrease) in Allowance for Doubtful Accounts(21,458)(25,299)

Loss (Gain) on Valuation of Investment Securities

61,535

11,654

Interest and Dividends Income(7,488)(5,195)Interest Expenses

8,403

2,924

Foreign Exchange Losses (Gains)

14,501

2,306-(159,212)

408

294

114,868

23,242

Decrease (Increase) in Notes and Accounts Receivable-Trade

1,645,503

331,722

Decrease (Increase) in Inventories(696,581)(1,391,541)

Increase (Decrease) in Notes and Accounts Payable-Trade(164,359)

420,331

Increase (Decrease) in Accounts Payable-Others

60,46457,559

Increase (Decrease) in Advances Received

192,093

192,582

Increase (Decrease) in Accrued Consumption Taxes

30,627(118,435)

Others, Net

235,399

101,280

722,102(629,703)

7,230

5,152

Interest Expenses Paid

(32,227)(9,768)

Income Taxes Paid

(643,776)(54,957)

53,329(689,278)-(1,000,000)

113(134,462)(42,524)-(5,150)(4,814)

217,345(3,258)

Payments of Loans Receivable

4,691
(180)

1,153
(575)

Guarantee Deposits (Increase)

60,010(2,386)

Others, Net

1,328

52

(73,313)(835,342)

Loss (Gain) on Sales of Investment Securities
Loss on Retirement of Noncurrent Assets
Loss (Gain) on Valuation of Derivatives

Sub totalInterests and Dividends Income Received

Net Cash Provided by (Used in) Operating Activities
Net Cash Provided by (Used in) Investment Activities
Deposit of Time Deposits
Proceeds from Sales of Property, Plant and Equipment
Purchase of Property, Plant and Equipment
Purchase of Intangible Assets
Proceeds from Sales of Investment Securities
Purchase of Investment Securities
Collection of Loans Receivable

Net Cash Provided by (Used in) Investment Activities

8

(Thousands of Yen)First Quarter Ended

First Quarter Ended

January 31, 2010

January 31, 2010

Net Cash Provided by (Used in) Financing Activities
Net Increase (Decrease) in Short-Term Loans Payable(39,599)-

Repayments of Lease Obligations(12,147)(7,347)

Repayment of Long-Term Loans Payable(25,000)

-

-

(35)

(349,263)(299,367)(426,010)(306,750)

Effect of Exchange Rate Change on Cash and Cash Equivalents(71,123)

13,783Net Increase (Decrease) in Cash and Cash Equivalents
Cash and Cash Equivalents at Beginning of Period(517,118)(1,817,588)

1,711,434
1,194,315

4,447,793
2,630,205

Purchase of Treasury Stock
Cash Dividends Paid
Net Cash Provided by (Used in) Financing Activities
Cash and Cash Equivalents

Cash and Cash Equivalents at End of Period9(4) Note on Going Concern Assumption
None.
(5) Segment Information(Segment by type of business)
First Quarter Ended January 31, 2009

(Thousands of Yen)

Machinery &ChemicalDeletion or

Equipment

Products

Business

Business

2,875,251

6,671,373

9,546,624-

9,546,624

-

-

-

-

-

Total

2,875,251

6,671,373

9,546,624-

9,546,624

Operating Income

41,055

160,640

201,696-

201,696

Total

Consolidated

Total
Company

Net Sales(1) Net Sales to UnaffiliatedCustomers(2) Internal Net Sales among
Segments or Amount Transferred(Notes)1. Business classification is by aggregate sales classification.
2. Main products and goods in each business:(1) Machinery & Equipment Business: Various types of centrifuge and other machinery(2) Chemical Products Business: Synthetic resin, industrial materials and other chemical products
3. Changes for Accounting Standards(1) Application of Accounting Standard for Measurement of Inventories
From the consolidated first quarter we have applied “Accounting Standard for Measurement of Inventories” (ASBJ
Statement No. 9) and changed to a cost accounting method (book price devaluation based on decrease inprofitability). The effects that this change gives to the gain and loss for the first quarter are minor.
(2) Application of Accounting Standard for Lease Transactions
We used to adopt the accounting processing for the lease transaction for the non-transfer-ownership financelease; however, we have early adopted “Accounting Standard for Lease Transactions” (ASBJ Statement No. 13)
and “Guidance on Accounting Standard for Lease Transactions” (ASBJ Guidance No. 16) from the consolidated
first quarter, whose accounting processing for sales transaction. The effects that this change gives to the gain
and loss for the first quarter are minor.
(3) Application of Practical Solution on Unification of Accounting Policies Applied to Foreign Subsidiaries for
Consolidated Financial Statements
From the consolidated first quarter, we have applied “Practical Solution on Unification of Accounting Policies
Applied to Foreign Subsidiaries for Consolidated Financial Statements” (ASBJ PITF No. 18) and made thenecessary adjustments in consolidated financial statements. The effects that this change gives to the gain andloss for the first quarter are minor.
4. We have changed durable years of the machinery and equipment as a result of our review on usage of the assets
etc. at the time of the income tax modification. The effects that this change gives to the gain and loss for the first quarterare minor.

10First Quarter Ended January 31, 2010

(Thousands of Yen)

Machinery &ChemicalDeletion or

Equipment

Products

Business

Business

1,332,064

6,623,398

7,955,463-

7,955,463

-

-

-

-

-

1,332,064

6,623,398

7,955,463-

7,955,463(129,424)

298,918

169,494-

169,494

Total

Consolidated

Total
Company

Net Sales(1) Net Sales to UnaffiliatedCustomers(2) Internal Net Sales among
Segments or Amount Transferred
Total
Operating Income (Loss)(Notes)1. Business classification is by aggregate sales classification.
2. Main products and goods in each business:(1) Machinery & Equipment Business: Various types of centrifuge and other machinery(2) Chemical Products Business: Synthetic resin, industrial materials and other chemical products

11

(Segment by Location)
First Quarter Ended January 31, 2009

(Thousands of Yen)
Deletion or
Japan

Asia

Total

Consolidated

Total
Company

Net Sales(1) Net Sales to Unaffiliated Customers

8,648,324

898,299

9,546,624-

9,546,624

Amount Transferred

104,655

19,505

124,160(124,160)

-

Total

8,752,980

917,804

9,670,784(124,160)

9,546,624

Operating Income (Loss)

210,293(11,668)

198,624

3,071

201,696(2) Internal Net Sales among Segments or(Notes)1. Areas including countries or regions are determined based on their degree of geographical proximity.
2. Main countries or regions included in the areas other than Japan:
Asia: China, Korea and Indonesia
3. Changes for Accounting Standards(1) Application of Accounting Standard for Measurement of Inventories
From the consolidated first quarter we have applied “Accounting Standard for Measurement of Inventories” (ASBJ
Statement No. 9) and changed to a cost accounting method (book price devaluation based on decrease inprofitability). The effects that this change gives to the gain and loss for the first quarter are minor.
(2) Application of Accounting Standard for Lease Transactions
We used to adopt the accounting processing for the lease transaction for the non-transfer-ownership financelease; however, we have early adopted “Accounting Standard for Lease Transactions” (ASBJ Statement No. 13)
and “Guidance on Accounting Standard for Lease Transactions” (ASBJ Guidance No. 16) from the consolidated
first quarter, whose accounting processing for sales transaction. The effects that this change gives to the gain
and loss for the first quarter are minor.
(3) Application of Practical Solution on Unification of Accounting Policies Applied to Foreign Subsidiaries for
Consolidated Financial Statements
From this consolidated first quarter, we have applied “Practical Solution on Unification of Accounting Policies
Applied to Foreign Subsidiaries for Consolidated Financial Statements” (ASBJ PITF No. 18) and made thenecessary adjustments in consolidated financial statements. The effects that this change gives to the gain andloss for the first quarter are minor.
4. We have changed durable years of the machinery and equipment as a result of our review on usage of the assets
etc. at the time of the income tax modification. The effects that this change gives to the gain and loss for the firstquarter are minor.

12First Quarter Ended January 31, 2010

(Thousands of Yen)
Deletion or
Japan

Asia

Total

Consolidated

Total
Company

Net Sales(1) Net Sales to Unaffiliated Customers

7,245,900

709,562

7,955,463-

7,955,463

Amount Transferred

96,527

41,915

138,443(138,443)

-

Total

7,342,428

751,478

8,093,906(138,443)

7,955,463

170,174

4,444

174,618(5,124)

169,494(2) Internal Net Sales among Segments or

Operating Income(Notes)1. Areas including countries or regions are determined based on their degree of geographical proximity.
2. Main countries or regions included in the areas other than Japan:
Asia: China, Korea and Indonesia

13

(Overseas Net Sales)First Quarter Ended January 31, 2009

(Thousands of Yen)
Asia

I. Overseas Net Sales

Total

1,810,548

1,040,886

2,851,434--

9,546,624

19.0

10.9

29.9

II. Consolidated Net Sales
III. Ratio of Overseas Net Sales to Consolidated Net Sales (%)

Other Regions(Notes)1. Areas including countries or regions are determined based on their degree of geographical proximity.
2. Main countries or regions included in the areas:(1) Asia: China, Korea, Taiwan and Indonesia(2) Other regions: America and Europe
3. Overseas net sales are sales of our company and subsidiaries made in countries and regions other than Japan.
First Quarter Ended January 31, 2010

(Thousands of Yen)
Asia

I. Overseas Net Sales
II. Consolidated Net Sales
III. Ratio of Overseas Net Sales to Consolidated Net Sales (%)

Other Regions

Total

1,085,083

82,9601,168,044--

7,955,463

13.6

1.0

14.6

(Notes)1. Areas including countries or regions are determined based on their degree of geographical proximity.
2. Main countries or regions included in the areas:(1) Asia: China, Korea, Taiwan and Indonesia(2) Other regions: America and Europe
3. Overseas net sales are sales of our company and subsidiaries made in countries and regions other than Japan.
(6) Notes for significant changes in shareholders’ equity
None.

14