Outline of Consolidated Financial Statements for the Year Ended March 31, 2009
May 15, 2009
Name of the listed company: NIPPON SHINYAKU CO., LTD.
Listing stock exchange: Tokyo, Osaka
Code No.: 4516
URL http://www.nippon-shinyaku.co.jp/
Representative: Shigenobu Maekawa, President and Representative Director
Contact: Taro Sakurai, General Manager and Finance & Accounting Dept. Tel. +81-75-321-9114
Scheduled date for annual general meeting of shareholders: June 26, 2009
Date for initiation of dividend payments (subject to change): June 29, 2009
Scheduled date for submission of Securities Report: June 30, 2009
* All amounts are rounded down to the nearest million yen.

1. Consolidated Results for the Year Ended March 31, 2009 (April 1, 2008 to March 31, 2009)(1) Operating results
Year ended March 31, 2009
Year ended March 31, 2008

Net sales
63,072
6.1％
59,450
5.6

Operating income
7,547
16.8％
6,461
23.8

(¥ million)
Net income
4,499
11.6％
4,030
39.0

Ordinary income
8,041
17.2％
6,860
29.7

Return on equity
Ordinary income toOperating income to
Net income per share (¥)
total assets
net sales
Basic
DilutedYear ended March 31, 2009
66.56
—
5.9％
8.0％
12.0％
Year ended March 31, 2008
59.57
—
5.3
6.6
10.9
Notes: 1. Percentage figures for net sales, operating income, ordinary income and net income represent year-on-year comparisons.
2. Equity-method investments: not applicable(2) Financial position
Total assets
98,286103,115

Net assets
76,34476,951

As of March 31, 2009
As of March 31, 2008
Note: Owners’ equity
As of March 31, 2009: ¥76,192 million(¥ million)
Net assets per share (¥)
1,127.49
1,135.40

Equity ratio
77.5
74.5

As of March 31, 2008: ¥76,804 million(3) Cash flows

Year ended March 31, 2009
Year ended March 31, 2008

Cash flows fromoperating activities
6,370
7,346

Cash flows frominvesting activities（3,565）（1,070）(¥ million)
Cash and cash
equivalents at year-end
15,44615,153

Cash flows fromfinancing activities（2,300）（2,149）2. Dividends
Annual dividends per share (¥)

Year ended March 31, 2008
Year ended March 31, 2009
Year ending March 31, 2010 (forecast)InterimYear-end

Annual

¥7.00
9.00
9.00

¥9.00
9.00
10.00

¥16.00
18.00
19.00

Total
dividends(full term)(¥ million)
1,082
1,216
—

Payout ratio(consolidated)
26.9％
27.0
27.3

Dividends as apercentage ofnet assets(consolidated)
1.4％
1.6
—

3. Business Forecast for the Year Ending March 31, 2010 (April 1, 2009 to March 31, 2010)
Net sales

Operating income

First-half period
30,000(6.1％)
2,500(46.2％)
Full term
64,700
2.6
7,700
2.0
Note: Percentage figures represent year-on-year comparisons.

Ordinary income
2,700
8,100

(46.4％)
0.7

Net income
1,600
4,700

(47.6％)
4.4(¥ million)
Net income
per share (¥)
23.68
69.55

The above forecasts are based on data available as of the date of release of this document as well as assumptions based on uncertain
factors, which might have a material effect on the Company’s performance in the future. Readers are advised that actual results may
differ substantially from the above forecasts due to various unforeseeable factors.

4. Others(1) Changes in the scope of consolidation
Inclusion: none
Exclusion: none
(2) Changes in significant accounting policies
Changes in accounting standard: applicable
Other: none(3) Number of ordinary shares outstanding at the end of the year (including treasury stock)
As of March 31, 2009: 70,251,484 shares As of March 31, 2008: 70,251,484 shares
Number of shares of treasury stock at the end of the year
As of March 31, 2009: 2,674,288 shares As of March 31, 2008: 2,606,466 shares

5. Non-Consolidated Results for the Year Ended March 31, 2009 (April 1, 2008 to March 31, 2009)(1) Operating results
Year ended March 31, 2009
Year ended March 31, 2008

Net sales
62,8496.1％
59,238
5.5

Operating income
7,279
17.1％
6,217
25.7

Net income

Net income per share (¥)
Basic
Diluted
64.02
—
57.57
—

Year ended March 31, 2009
4,328
11.1％
Year ended March 31, 2008
3,895
39.9
Note: Percentage figures represent year-on-year comparisons.

(2) Financial position
Total assets
95,446
100,421

As of March 31, 2009
As of March 31, 2008
Note: Owners’ equity
As of March 31, 2009: ¥73,871 million

Net assets
73,871
74,632Equity ratio
77.4％
74.3％

As of March 31, 2008: ¥74,632 million(¥ million)
Ordinary income
7,743
17.0％
6,616
30.2

(¥ million)
Net assets per share (¥)
1,093.15
1,103.30

Consolidated Balance Sheets(¥ million)
As of March 31, 2009
AmountAssetsCurrent assets:
Cash and deposits
Notes and accounts receivable
Marketable securities
Inventories
Merchandise and products
Partially finished products
Work in process
Materials and supplies
Deferred tax assets
Other current assets
Allowance for doubtful accounts
Total current assets
Noncurrent assets:
Tangible fixed assets:
Buildings and structures
Accumulative depreciation
Buildings and structures (net)
Machinery, equipment and vehicles
Accumulative depreciation
Machinery, equipment andvehicles (net)
Tools, furniture and fixtures
Accumulative depreciation
Tools, furniture and fixtures (net)Land
Construction in progress
Total tangible fixed assets
Intangible assets
Investments and other assets:
Investment securities
Long–term loans
Deferred tax assets
Investments in real estateLong–term prepaid expenses
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

Ratio tototal assets

As of March 31, 2008
Amount¥14,687
27,632
1,798
–
6,050
789
381
3,609
1,617
1,027
(16)
57,578¥11,234
27,036
4,599
10,596
–
–
–
–
1,743
1,071
(0)
56,28125,640(16,619)
9,021
12,208(10,234)

24,883(15,964)
8,919
11,961(10,062)

1,973
9,197
(8,062)
1,134
8,161
113
20,406

1,898
9,008(7,923)
1,085
8,172
229
20,304307

259

11,532
413
164
1,330
6,166
425
(39)
19,99340,708¥98,286

19,212453
55
1,356
4, 527718(53)
26,27046,834¥103,115

Ratio tototal assets

Increase(decrease)(¥ million)
As of March 31, 2009
AmountRatio tototal assets

As of March 31, 2008
AmountLiabilities
Current liabilities:
Notes and accounts payable
Short–term borrowings
Current portion of long–term debt
Accrued liabilities
Accrued expenses
Income taxes payable
Consumption taxes payable
Reserve for bonuses
Reserve for sales returns
Other current liabilities
Total current liabilities¥4,432
–
70
3,267
962
1,551
346
2,463
48
380
13,522¥5,061
30
1,162
3,034
1,064
1,649
272
2,402
22
371
15,071

Long–term liabilities:Long–term debt
Deferred tax liability
Liability for retirement benefits
Other long–term liabilities
Total long–term liabilities
Total liabilities

182
0
8,009
228
8,420
21,942

59
2,207
8,536
290
11,093
26,164

Net assets
Shareholders’ equity:
Common stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity

5,174
4,444
65,553(1,985)73,186

5,174
4,441
62,270(1,900)69,986

3,032

6,822

0
(26)
3,006
151
76,344¥98,286

(0)
(4)
6,818
147
76,951¥103,115

Valuation and translation adjustments:
Unrealized gain on available–for–salesecurities
Deferred gain on derivatives under hedge
accounting
Foreign currency translation adjustments
Total valuation and translation adjustments
Minority interests
Total net assets
Total liabilities and net assets

Ratio tototal assets

Increase(decrease)Consolidated Statements of Income(¥ million)
Year ended March 31, 2009

Year ended March 31, 2008

AmountAmountRatio tonet sales

Ratio tonet sales

Net sales
Cost of sales
Gross profit
Provision for reserve for sales returns¥63,072
28,88834,15826¥59,450
27,36532,072
11

Selling, general and administrative expenses:
Salaries and benefits
Provision for bonuses
Sales promotion expenses
Provision for retirement benefits
Depreciation
R&D expenses
Other
Operating income

26,610
7,129
1,576
1,197
985
365
7,853
7,503
7,547

25,610
7,053
1,487
1,043
881
363
7,898
6,884
6,461

Non–operating income:Interest income
Dividend received
Rents on housing
Subsidy from Government
Gain on sale of marketable securities
Other

1,183
211
259
308
62
27
314

1,295
167
235
311
281
147
151

Non–operating expenses:
Interest expenses
Donation
Loss on disposal of noncurrent assets
Plant demolition costs
Leasing expenses
Foreign exchange loss
Other
Ordinary income

690
14
201
47
70
97
102
155
8,041

896
28
193
160
–
108
269
135
6,860

Extraordinary gains:
Gain on sale of noncurrent assets
Extraordinary losses:
Losses from revaluation of marketablesecurities
Income before income taxes andminority interests

–
–
354

18
18
–

354

–

7,686

6,879

Income taxes – current
Income taxes – deferred
Total income taxes
Minority interests in net income
Net income

2,819
362
3,181
4
¥4,499

2,509
334
2,844
3
¥4,030

Increase(decrease)Consolidated Statements of Changes in Net Assets(¥ million)
Shareholders’ equity
Commonstock¥5,174

Year ended March 31, 2009
Balance at March 31, 2008
Changes during year:
Cash dividends
Net income
Purchase of treasury stock
Disposal of treasury stock
Net changes in items other thanshareholders’ equity
Total changes during year
Balance at March 31, 2009

Balance at March 31, 2008
Changes during year:
Cash dividends
Net income
Purchase of treasury stock
Disposal of treasury stock
Net changes in items other thanshareholders’ equity
Total changes during year
Balance at March 31, 2009

Capitalsurplus¥4,441Retainedearnings¥62,270

Total
Treasuryshareholders’stockequity¥ (1,900)¥69,986(1,217)4,499
3–¥5,1743¥4,444

3,282¥65,553

Valuation and translation adjustments
Unrealized
Deferred gain
Foreign
gain onon derivatives
currency
Total valuation
available- forunder hedgetranslationand translation
sale securities
accounting
adjustments
adjustments¥6,822¥ (0)¥(4)¥6,818(91)
6(1,217)
4,499
(91)
9

(85)
¥ (1,985)

3,200¥ 73,186

Minority
interests
¥147

Total
net assets¥76,951(1,217)
4,499
(91)
9

(3,790)(3,790)¥3,032

0
0
¥0

(22)
(22)
¥(26)

(3,811)(3,811)¥3,0064
4¥151(3,807)(606)¥76,344(¥ million)
Shareholders’ equity
Commonstock¥5,174

Year ended March 31, 2008
Balance at March 31, 2007
Changes during year:
Cash dividends
Net income
Purchase of treasury stock
Disposal of treasury stock
Net changes in items other thanshareholders’ equity
Total changes during year
Balance at March 31, 2008

Balance at March 31, 2007
Changes during year:
Cash dividends
Net income
Purchase of treasury stock
Disposal of treasury stock
Net changes in items other thanshareholders’ equity
Total changes during year
Balance at March 31, 2008

Capitalsurplus¥4,440Retainedearnings¥59,119

Total
Treasuryshareholders’stockequity¥ (1,834)¥66,900

(879)
4,030
0

–
¥5,1740¥4,441

3,151¥62,270

Valuation and translation adjustments
Unrealized
Deferred gain
Foreign
gain onon derivatives
currency
Total valuation
available- forunder hedgetranslationand translation
sale securities
accounting
adjustments
adjustments¥9,168¥0¥0¥9,169

(67)
1

(879)
4,030
(67)
2

(65)
¥ (1,900)

3,085¥ 69,986

Minority
interests
¥143

Total
net assets¥76,213
(879)
4,030
(67)
2

(2,346)(2,346)¥6,822

(0)
(0)
¥(0)

(4)
(4)
¥(4)

(2,351)(2,351)¥6,8183
3¥147(2,348)(737)¥76,951

Consolidated Statements of Cash Flows(¥ million)

Cash flows from operating activities
Income before income taxes and minority interests
Depreciation and amortization
Decrease in liability for retirement benefits
Increase (decrease) in other reserves
Interest and dividend income
Interest expenses
Gain or loss on sale of securities (gain)
Gain or loss from revaluation of securities
Loss on disposal of noncurrent assets
Decrease (increase) in notes and accounts receivable
Decrease (increase) in inventories
Decrease in other current assets
Increase (decrease) in notes and accounts payable
Increase (decrease) in consumption taxes payable
Increase (decrease) in other current liabilities
Foreign exchange loss (gain)
Other – net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by operating activities
Cash flows from investing activities
Deposit of funds into time deposits
Proceeds from withdrawal of time deposits
Proceeds from sale and redemption of marketable securities
Purchases of investment securities
Proceeds from sale and redemption of investment securities
Purchases of tangible fixed assets
Proceeds from sales of tangible fixed assets
Purchases of intangible assets
Provision of loans
Collection of loans
Expenditures for long-term prepaid expenses acquired
Other – net
Net cash used in investing activities
Cash flows from financing activities
Increase/decrease in short-term borrowings (decrease)
Proceeds from short-term debt
Repayment of long-term debt
Dividends paid
Purchase of treasury stock
Other – net
Net cash used in financing activities
Foreign currency transaction adjustments on cash and cash equivalents
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year

Year ended
March 31, 2008

Year ended
March 31, 2009

¥7,686
2,875
(527)
88
(470)
14
(27)
354
47
(595)
(235)
16
(628)
73
(118)
190
86
8,830
471
(14)
(2,917)
6,370¥6,879
2,847
(827)
(16)
(403)
28
(147)
–
160
1,157
(1,826)
179
1,012
(60)
(44)
282
(11)
9,211
403
(28)
(2,239)
7,346

(80)
120
600
(38)
48
(2,024)
99
(128)
(38)
81
(2,206)0(3,565)

(100)
300
700
(2,125)2,289(1,778)
–
(153)
(145)
151
(210)
2
(1,070)(30)
200(1,169)(1,218)(91)
8(2,300)(211)
292
15,153¥15,446––(1,205)
(878)
(67)
2
(2,149)(286)
3,841
11,312¥15,153

Increase(decrease)Non-Consolidated Balance Sheets(¥ million)
As of March 31, 2009
AmountAssetsCurrent assets:
Cash and deposits
Trade notes receivable
Trade accounts receivable
Marketable securities
Merchandise
Finished products
Merchandise or finished products
Semi-finished products
Work in process
Raw materials
Supplies
Materials and supplies
Deferred tax assets
Advance payment
Other current assets
Allowance for doubtful receivables
Total current assets
Noncurrent assets:
Tangible fixed assets:
Buildings
Accumulated depreciation
Buildings (net)
Structures
Accumulated depreciation
Construction other than buildings (net)
Machinery and equipment
Accumulated depreciation
Machinery and equipment (net)
VehiclesAccumulated depreciation
Vehicles and transportationequipment (net)
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures (net)Land
Construction in progress
Total tangible fixed assets
Intangible assets:
Software
Other
Total intangible assets
Investments and other assets:
Investment securities
Investments in affiliates
Long-term loans
Long-term loans to employees
Long-term loans to subsidiaries
Long-term prepaid expenses
Deferred tax liabilities
Investments in real estate
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

Ratio tototal assets

As of March 31, 2008
Amount¥13,959300
27,288
1,798
–
–
5,683
789
331
–
–
3,513
1,570
697
405
(55)
56,284¥10,396
253
26,782
4,599
2,657
3,295
–
972
220
2,807
119
–
1,703
771
295
－
54,87522,244(14,768)
7,475
1,329
(1,045)284
11,021(9,369)
1,652
95
(85)

22,015(14,216)
7,798
1,320
(1,010)310
10,907(9,208)
1,698
115
(98)

9
8,988
(7,896)
1,092
8,017
113
18,645

16
8,827(7,760)
1,067
8,027
33
18,952

214
85
299

221
25
247

11,528
129
93
319
160
6,166
107
1,330
419
(39)
20,216
39,161¥95,446

19,208
139
102
350
–
4,526
–
1,356
713
(52)
26,34645,546¥100,421

Ratio tototal assets

Increase(decrease)(¥ million)
As of March 31, 2009
AmountRatio tototal assets

As of March 31, 2008
AmountLiabilities
Current liabilities:
Trade notes payable
Trade accounts payable
Current portion of long-term debt
Accrued liabilities
Accrued expenses
Consumption taxes payable
Income taxes payable
Deposits received
Reserve for bonuses
Reserve for sales returns
Other current liabilities
Total current liabilities

¥234
4,473
–
3,178
935
342
1,476
372
2,400
48
3
13,465

–
5,302
1,102
2,876
1,034
260
1,577
364
2,350
22
0
14,891Long-term liabilities:
Deferred tax liabilities
Reserve for retirement benefits
Other
Total long-term liabilities
Total liabilities

－
7,886
222
8,109
21,574

2,207
8,406
284
10,89725,788

5,174

5,174

4,438
5
4,444

4,438
2
4,441

1,293

1,293

Net assets
Shareholders’ equity:
Common stock
Capital surplus:
Capital reserve
Other capital surplus
Total capital surplus
Retained earnings:
Earned reserve
Other retained earnings:
Reserve for dividends
Reserve for special depreciation
Reserve for advanced depreciation of
noncurrent assets
General reserve
Unappropriated retained earnings
Total retained earnings

800
54

800
70

1,909
54,470
4,678
63,2051,920
51,4704,540
60,095

Treasury stock
Total shareholders’ equity(1,985)70,839(1,900)67,810

3,032

6,822

0
3,032
73,871¥95,446(0)
6,822
74,632¥100,421

Valuation and translation adjustments:
Unrealized gain on available-for-salesecurities
Deferred gain (loss) on derivatives underhedge accounting
Total valuation and translation adjustments
Total net assets
Total liabilities and net assets

Ratio tototal assets

Increase(decrease)Non-Consolidated Statements of Income(¥ million)
Year ended March 31, 2009
AmountNet sales:
Sales of finished products
Sales of merchandise
Total sales
Cost of sales:
Merchandise and finished products at beginningof yearCost of finished products manufactured during
year
Merchandise purchased during year
Merchandise and finished products at end of year
Transfer from other accounts
Total cost of sales
Gross sales and profit
Provision for reserve for sales returns
Gross profit

Ratio tonet salesYear ended March 31, 2008
Amount¥42,118
20,731
62,849¥43,004
16,233
59,238

5,952

4,411

14,796
14,322
5,683(440)
28,94833,901
26
33,87516,08012,851
5,952
20
27,411
31,826
12
31,814

Selling, general and administrative expenses:
Sales promotion expense
Salaries and benefits
Provision for bonuses
Provision for retirement benefits
Welfare expenses
Depreciation
Travel expenses
Rents
R&D expenses
Other
Operating income

26,595
1,197
7,129
1,576
985
1,459
365
863
990
7,858
4,169
7,279

25,597
1,043
7,053
1,487
881
1,397
363
810
938
7,901
3,720
6,217

Non-operating income:Interest income
Interest on marketable securities
Dividend received
Rents on housing
Gain on sale of marketable securities
Subsidy from Government
Other

1,180
159
49
262
307
27
62
310

1,286
117
46
239
310
147
281
143

Non-operating expenses:
Interest expenses
Donation
Foreign exchange loss
Loss on disposal noncurrent assets
Plant demolition costs
Leasing expenses
Other
Ordinary income

716
12
201
102
39
70
97
192
7,743

887
25
193
269
157
－
108
133
6,616

Extraordinary gains:
Gain on sale of noncurrent assets
Extraordinary losses
Loss from revaluation of securities
Income before income taxes

–
–
354
354
7,388

18
18
–
–
6,635

Income taxes – current
Income taxes – deferred
Total income taxes
Net income

2,690
370
3,060
¥4,328

2,400
339
2,739
¥3,895

Ratio tonet sales

Increase(decrease)Non-Consolidated Statements of Changes in Net Assets(¥ million)

Year ended March 31, 2009
Balance at March 31, 2008
Changes during year:
Reversal of reserve for special depreciation
Reversal of reserve for advanced depreciation of
noncurrent assets
Provision to general reserve
Cash dividends
Net income
Purchase of treasury stock
Disposal of treasury stock
Net changes in items other than shareholders’ equity
Total changes during year
Balance at March 31, 2009

Balance at March 31, 2008
Changes during year:
Reversal of reserve for special depreciation
Reversal of reserve for advanced depreciation of
noncurrent assets
Provision to general reserve
Cash dividends
Net income
Purchase of treasury stock
Disposal of treasury stock
Net changes in items other than shareholders’ equity
Total changes during year
Balance at March 31, 2009

Common stock¥5,174–¥5,174

Earnedreserve¥1,293

Shareholders’ equity
Capital surplus
Other
CapitalCapitalreserve
surplus¥4,438¥2－¥4,438

Total
Capitalsurplus¥ 4,441

3

3

3
¥5

3
¥ 4,444

Shareholders’ equity
Retained earnings
Other retained earnings
Reserve forReserve foradvanced
Reserve for
specialdepreciation ofdividends
depreciation noncurrent assets¥800¥70¥ 1,920
(16)
(10)

–
¥1,293

－
¥800

(16)
¥54

(10)
¥ 1,909

Balance at March 31, 2008
Changes during year:
Reversal of reserve for special depreciation
Reversal of reserve for advanced depreciation of
noncurrent assets
Provision to general reserve
Cash dividends
Net income
Purchase of treasury stock
Disposal of treasury stock
Net changes in items other than shareholders’ equity
Total changes during year
Balance at March 31, 2009

Balance at March 31, 2008
Changes during year:
Reversal of reserve for special depreciation
Reversal of reserve for advanced depreciation of
noncurrent assets
Provision to general reserve
Cash dividends
Net income
Purchase of treasury stock
Disposal of treasury stock
Net changes in items other than shareholders’ equity
Total changes during year
Balance at March 31, 2009

Shareholders’ equity
Retained earnings
Other retained earnings
UnappropriatedTotal
Generalretainedretained
Treasury
reserveearnings
earnings
stock¥51,470¥4,540¥60,095¥(1,900)

3,000

3,000
¥54,470

Total
shareholders’equity¥67,810

16

–

–

10
(3,000)(1,217)
4,328––(1,217)
4,328
(91)
6

–
–
(1,217)
4,328
(91)
9

(85)
¥(1,985)

3,028¥70,839

138¥4,6783,110¥63,205

Valuation and translation adjustments
Unrealized
Deferred gain
Total
gain onon derivatives
valuation andavailable-forunder hedgetranslation
sale securities
accounting
adjustments¥6,822¥(0)¥6,822

Total net
assets¥74,632–(3,790)(3,790)¥3,03200¥0(3,789)(3,789)¥3,032––(1,217)
4,328
(91)
9
(3,789)(761)¥ 73,871

(¥ million)

Year ended March 31, 2008
Balance at March 31, 2007
Changes during year:
Reversal of reserve for special depreciation
Reversal of reserve for advanced depreciation of
noncurrent assets
Provision to general reserve
Cash dividends
Net income
Purchase of treasury stock
Disposal of treasury stock
Net changes in items other than shareholders’ equity
Total changes during year
Balance at March 31, 2008

Balance at March 31, 2007
Changes during year:
Reversal of reserve for special depreciation
Reversal of reserve for advanced depreciation of
noncurrent assets
Provision to general reserve
Cash dividends
Net income
Purchase of treasury stock
Disposal of treasury stock
Net changes in items other than shareholders’ equity
Total changes during year
Balance at March 31, 2008

Common stock¥5,174–¥5,174

Earnedreserve¥1,293

Shareholders’ equity
Capital surplus
Other
CapitalCapitalreserve
surplus¥4,438¥1－¥4,438

Total
Capitalsurplus¥ 4,440

0

0

0
¥2

0
¥ 4,441

Shareholders’ equity
Retained earnings
Other retained earnings
Reserve forReserve foradvanced
Reserve for
specialdepreciation ofdividends
depreciation noncurrent assets
¥800
¥101
¥ 1,932
(30)
(12)

–
¥1,293

－
¥800

(30)
¥70

(12)
¥ 1,920

Balance at March 31, 2007
Changes during year:
Reversal of reserve for special depreciation
Reversal of reserve for advanced depreciation of
noncurrent assets
Provision to general reserve
Cash dividends
Net income
Purchase of treasury stock
Disposal of treasury stock
Net changes in items other than shareholders’ equity
Total changes during year
Balance at March 31, 2008

Balance at March 31, 2007
Changes during year:
Reversal of reserve for special depreciation
Reversal of reserve for advanced depreciation of
noncurrent assets
Provision to general reserve
Cash dividends
Net income
Purchase of treasury stock
Disposal of treasury stock
Net changes in items other than shareholders’ equity
Total changes during year
Balance at March 31, 2008

Shareholders’ equity
Retained earnings
Other retained earnings
UnappropriatedTotal
Generalretainedretained
Treasury
reserveearnings
earnings
stock¥49,470¥3,481¥57,079¥(1,834)

2,000

2,000
¥51,470

Total
shareholders’equity¥64,860

30

–

–

12
(2,000)
(879)
3,895

–
–
(879)
3,895
(67)
1

–
–
(879)
3,895
(67)
2

(65)
¥(1,900)

2,950¥67,810

1,058¥4,5403,015¥60,095

Valuation and translation adjustments
Unrealized
Deferred gain
Total
gain onon derivatives
valuation andavailable-forunder hedgetranslation
sale securities
accounting
adjustments¥9,168¥0¥9,169Total net
assets¥74,029–(2,346)(2,346)¥6,822

(0)
(0)
¥(0)

(2,347)(2,347)¥6,822

–
–
(879)
3,895
(67)
2
(2,347)(603)¥ 74,632