|
SANYO Electric Co., Ltd. Consolidated
Financial Results
for the First Quarter Fiscal Year 2006
|
|
 |
 |
 |
|
Note: This is a summary of the Japanese original
Tokyo, July 27, 2006 --- SANYO Electric Co., Ltd. announced its consolidated
results for the First Quarter, Fiscal Year 2006 ended June 30, 2006. |
| 1. Consolidated Results (Unaudited) |
|
 |
|
|
|
| (Unit: Millions of Yen) |
| |
1st quarter of FY
2006
From April 1, 2006
to June 30, 2006
|
1st quarter of FY
2005
From April 1, 2005
to June 30, 2005
|
Change
|
| Net Sales |
504,115 |
568,965 |
-11.4 % |
| Operating income (loss) |
2,573
(0.5%)
|
(13,042)
(-2.3%)
|
- |
Income (loss) before
income taxes and
minority interest from
continuing operations |
(6,052)
(-1.2%)
|
(24,034)
(-4.2%)
|
- |
| Net income (loss) |
(9,668)
(-1.9%)
|
(26,210)
(-4.6%)
|
- |
Net income (loss)
per share
|
¥(18.64) |
¥(14.13) |
|
|
1. SANYO’s consolidated financial
statements are prepared based on U.S. accounting standards
2. Operating income (loss) and business segments are prepared based
on Japanese accounting standards
3. The number of consolidated companies is 230, the number of unconsolidated
subsidiaries and affiliates
accounted for by the equity method is 72
4. In FY 2006, SANYO classified some discontinued operations and based
on U.S. accounting standards,
have reflected those changes in the consolidated financial statements
for 1Q FY 2005.
5. Financial figures are not audited
6. Figures inside ( ) refer to the percentage to net sales |
| 2. Consolidated Sales by Business
Group Category (Unaudited) |
|
|
|
|
|
| (Unit: Millions of Yen) |
Product category |
1st quarter of FY 2006
From April 1, 2006
to June 30, 2006
|
1st quarter of FY 2005
From April 1, 2005
to June 30, 2005
|
Change |
Amount |
Ratio to
total |
Amount |
Ratio to
total |
Amount |
Ratio |
| Consumer |
237,234 |
47.1% |
273,859 |
48.1% |
-36,625 |
-13.4% |
| Commercial |
53,946 |
10.7% |
55,735 |
9.8% |
-1,789 |
-3.2% |
| Components |
204,117 |
40.5% |
223,255 |
39.3% |
-19,108 |
-8.6% |
| Others |
8,818 |
1.7% |
16,146 |
2.8% |
-7,328 |
-45.4% |
| Total |
504,115 |
100.0% |
568,965 |
100.0% |
-64,850 |
-11.4% |
| Breakdown |
Domestic
sales |
245,150 |
48.6% |
272,889 |
48.0% |
-27,739 |
-10.2% |
Overseas
sales |
258,965 |
51.4% |
296,076 |
52.0% |
-37,111 |
-12.5% |
|
| 3. Consolidated Statements of Income
(Unaudited) |
|
|
|
|
|
| (Unit: Millions of Yen) |
Items |
1st quarter of FY 2006
From April 1, 2006
to June 30, 2006
|
1st quarter FY 2005
From April 1, 2005
to June 30, 2005
|
Change |
Amount |
Ratio to
net sales |
Amount |
Ratio to
net sales |
Amount |
Ratio |
Net sales
Operating revenue
Sales and operating
revenue
Cost of sales
Selling, general and
administrative expenses
Operating income
Other income
[Interest and Dividends]
[Other]
Other expenses
[Interest]
[Other]
Income (Loss) before
income taxes for
continuing operations
Income taxes |
504,115
21,540
525,655
426,841
96,241
|
100.0%
4.3%
104.3%
84.7%
19.1% |
568,965
18,657
587,622
503,064
97,600 |
100.0%
3.3%
103.3%
88.4%
17.2% |
-64,850
2,883
-61,967
-76,223
-1,359 |
-11.4%
15.5%
-10.5%
-15.2%
-1.4% |
|
2,573
4,620
[1,889]
[2,731]
13,245
[4,795]
[8,450]
|
0 .5%
0.9%
2.6%
|
-13,042
5,818
[2,036]
[3,782]
16,810
[3,819]
[12,991]
|
-2.3%
1.0%
2.9%
|
15,615
-1,198
[-147]
[-1,051]
-3,565
[976]
[-4,541]
|
-
-20.6%
-21.1%
|
(6,052)
2,607
|
-1.2%
0.5%
|
(24,034)
2,812
|
-4.2%
0.5%
|
17,982
-205
|
-
-7.3%
|
Income (Loss) before
minority interests for
continuing operations
Minority interests
|
(8,659)
1,009
|
-1.7%
0.2%
|
(26,846)
230
|
-4.7%
0.0%
|
18,187
779
|
-
338.7
|
Net income (loss) for
continuing operations
Discontinued operations
Income (loss) from
discontinued operations
Income taxes
|
(9,668)
-
-
|
-1.9%
-
-
|
(27,076)
2,080
1,214
|
-4.7%
0.3%
0.2%
|
17,408
(2,080)
(1,214)
|
-
-
-
|
Net income (loss) for
discontinued operations |
- |
- |
866 |
0.1% |
(866) |
- |
| Net income (loss) |
(9,668)
|
-1.9%
|
(26,210) |
-4.6% |
16,542
|
- |
|
| 4. Consolidated Balance Sheet (Unaudited) |
|
|
|
|
|
| (Unit: Millions of Yen) |
|
Items |
As of
June 30, 2006
|
As of
March 31, 2006
|
Increase
(Decrease)
|
(Assets)
Current assets
Cash
Time deposits
Restricted cash
Valuable securities
Receivables:
Notes and accounts
Finance receivables
Affiliates and unconsolidated subsidiaries
Allowance for doubtful accounts
Inventories
Deferred income taxes
Other
Current assets total Investment and
advances:
Affiliates and unconsolidated subsidiaries
Other
Total
Property, plant & equipment:
Building
Machinery and equipment
Accumulated depreciation
Land
Construction in progress
Total
Deferred income taxes
Other assets
|
189,943
120,429
239,800
1,109
421,602
18,816
(7,654)
350,211
9,469
73,841
1,417,566
45,408
102,494
147,902
408,426
918,051
(940,296)
101,399
7,989
495,569
11,879
54,222
|
196,784
100,716
264,800
1,109
461,613
19,182
(10,509)
317,894
8,287
60,441
1,420,317
48,000
112,988
160,988
409,581
919,154
(941,303)
101,664
11,590
500,686
10,935
61,911
|
(6,841)
19,713
(25,000)
-
(40,011)
(366)
2,855
32,317
1,182
13,400
(2,751)
(2,592)
(10,494)
(13,086)
(1,155)
(1,103)
1,007
(265)
(3,601)
(5,117)
944
(7,689)
|
| Total Assets |
2,127,138 |
2,154,837 |
(27,699) |
(Liabilities)
Current liabilities
Short-term borrowings
Current portion of long term debt
Notes and accounts payable:
Trade
Affiliates and unconsolidated subsidiaries
Construction
Accrued income tax
Employees’ savings deposits
Other
Total current liabilities Long-term
debt
Accrued pension and severance costs
Total liabilities
Minority interests in
Consolidated subsidiaries
(Stockholders’ equity)
Common stock
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Total
Treasury stock
Total stockholders’ equity |
261,746
121,333
413,321
12,904
11,685
4,099
14,134
254,775
1,093,997
439,669
187,131
1,720,797
17,643
277,257
737,537
(508,259)
(110,398)
396,137
(7,439)
388,698 |
264,441
74,297
402,638
20,392
13,334
11,638
13,647
245,856
1,046,243
500,434
186,969
1,733,646
18,299
261,328
721,828
(466,951)
(105,885)
410,320
(7,428)
402,892
|
(2,695)
47,036
10,683
(7,488)
(1,649)
(7,539)
487
8,919
47,754
(60,765)
162
(12,849)
(656)
15,929
15,709
(41,308)
(4,513)
(14,183)
(11)
(14,194) |
Total liabilities,
minority interests and stockholders’ equity
|
2,127,138 |
2,154,837 |
(27,699) |
|
| 5. Consolidated Statement of Cash
Flows (Unaudited) |
|
|
|
|
|
| (Unit: Millions of Yen) |
Items |
1st quarter of
FY 2006
From April 1, 2006
to June 30, 2006
|
1st quarter of
FY 2005
From April 1, 2005
To June 30, 2005
|
1. Cash flows from operating activities
Net income (loss)
Depreciation and amortization
(Increase) decrease in receivables
(Increase) decrease in inventories
Increase (decrease) in notes & accounts payable
Other, net
|
(9,668)
18,637
34,864
(33,558)
10,683
(5,673)
|
(26,210)
28,140
11,058
(27,253)
(14,972)
(26,397)
|
| Net cash (used) provided by operating activities |
15,285 |
(55,634) |
2. Cash flows from investing activities
Decrease (Increase) in short term
& long term investments
Purchase of tangible fixed assets
Other
|
973
(12,278)
(1,099)
|
(2,588)
(22,824)
(6,556)
|
| Net cash (used) in investing activities |
(12,404) |
(31,968) |
3. Cash flows from financing activities
Increase (Decrease) in short term borrowing
Decrease in long term debt
Proceeds from restricted cash
Dividends paid
Other, net
|
(703)
(13,130)
25,000
(99)
(13)
|
49,103
(29,251)
-
(473)
(15) |
| Net cash (used) provided by financing activities |
11,055 |
19,364 |
4. Effect of exchange rate changes on
cash & cash equivalents
|
(1,064) |
1,782 |
| 5. Net decrease in cash & cash equivalents |
12,872 |
(66,456) |
6. Cash & cash equivalents of newly
consolidated subsidiaries 7. Cash & cash equivalents
at beginning
8. Cash & cash equivalents at end
|
-
297,500
310,372
|
271
294,982
228,797
|
|
| 6. Consolidated Segment Information
(Unaudited) |
|
|
|
|
|
| (Unit: Millions of Yen) |
| Items |
Fiscal Year 2006
From April 1, 2006
To June 30, 2006
|
Fiscal Year 2005
From April 1, 2005
To June 30, 2005
|
Change |
Amount |
Composition
ratio
|
Amount |
Composition
ratio
|
Amount |
Ratio |
|
Net sales &
operating
revenue
|
Consumer |
240,622 |
44.7% |
276,624 |
45.8% |
-36,002 |
-13.0% |
| Commercial |
54,850 |
10.2% |
56,719 |
9.4% |
-1,869 |
-3.3% |
| Component |
212,053 |
39.3% |
233,464 |
38.7% |
-21,411 |
-9.2% |
| Others |
31,256 |
5.8% |
37,051 |
6.1% |
-5,795 |
-15.6% |
| Sub-total |
538,781 |
100.0% |
603,858 |
100.0% |
-65,077 |
-10.8% |
Corporate &
eliminations
|
(13,126) |
- |
(16,236) |
- |
3,110 |
- |
Total |
525,655 |
- |
587,622 |
- |
-61,967 |
-10.5% |
Operating
income
|
Consumer |
(4,831) |
-45.9% |
(7,090) |
- |
2,259 |
- |
| Commercial |
1,649 |
15.7% |
1,247 |
- |
402 |
32.2% |
| Component |
12,602 |
119.8% |
(2,654) |
- |
15,256 |
- |
| Others |
1,099 |
10.4% |
1,051 |
- |
48 |
4.6% |
| Sub-total |
10,519 |
100.0% |
(7,446) |
- |
17,965 |
- |
Corporate &
eliminations
|
(7,946) |
- |
(5,596) |
- |
(2,350) |
- |
Total |
2,573 |
- |
(13,042) |
- |
15,616 |
- |
|
(Notes)
1. Contents of Business Segment
| Consumer: |
TVs, VCRs, DVD Players, LCD Projectors, Audio Equipment, Digital
Cameras and Telephones, Refrigerators, Air Conditioners, Washing
Machines and Microwave Ovens. |
| Commercial: |
Showcases, Package-Type Air Conditioners and Absorption Chiller
/ Heaters. |
| Components: |
Semiconductors and Electronic Components, Primary batteries,
Rechargeable batteries and Solar batteries. |
| Others: |
Distribution and Maintenance. |
|
| 2. |
Basic R&D expenses and corporate office expenses are included
in the item of "Corporate and eliminations" as unallocated
expenses.
|
| 3. |
In FY 2006, SANYO classified some discontinued operations
and have reflected those changes in the consolidated financial
statements for 1Q FY 2005. |
|
| Business Performance & Financial
Position |
|
|
|
|
|
(1) Qualitative information for business results
General Overview for 1Q Fiscal Year 2005
The global economy in the current period under review found itself
on a steady economic recovery, despite an uncertain trend of oil prices.
Continued economic path of expansion was seen centered on the United
States, China and other Asian countries.
In Japan an economic recovery could be seen due the steady recovery
of the global economy and improved corporate profits which lead
to growing capital investment and consumer demand. This recovery
occurred despite concerns of surging oil and raw materials costs,
fiscal restructuring and societal problems of the falling birth
rate and the aging of society. This is the state of the current
business environment.
Under these business conditions, SANYO is going forward in achieving
its Mid-Term Business plan formulated in Nov. 2005, by taking proactive
measure in shifting management resources to three core businesses
namely, ‘Power Solutions,’ ‘HVAC/R and Commercial
Equipment,’ and ‘Personal Mobile Equipment.’ Also
in continuing with structural reforms, on July 1, 2006, SANYO spun
off its semiconductor business forming an independent semiconductor
company, and in the future will transform the business model so
the business can thrive independently in the market.
Consolidated Results
First quarter net sales were 504.1 billion yen, a decrease of 11.4%
over the same period last year. Of this, domestic net sales were
245.1 billion yen, a decrease of 10.2% over the same period last
year. Overseas net sales decreased 12.5% to 259 billion yen over
the same period last year.
Looking at the performance in the various segments, the Consumer
segment recorded sales of 237.2 billion yen, a decrease of 13.4%
compared with the same period of the previous year. Sales of washing
machines increased due to strong sales of SANYO’s new washer/dryer,
the ‘AQUA’, AWD-AQ1, however, increased competition
and a decline in prices led to a decrease in digital camera sales.
In addition overseas mobile phone sales decreased.
Commercial segment sales amounted to 53.9 billion yen, a decrease
of 3.2% compared with the same period of the previous year. Sales
of medical systems increased, however, sales of large air conditioners
decreased.
Component segment sales decreased 8.6% over the same period last
year to 204.1 billion yen. Sales of photovoltaic modules and electronic
components increased due to rising demand overseas. However, due
to the establishment of SANYO Epson Imaging Devices Corporation,
LCD sales decreased while falling prices affected optical pick-ups
leading to a decline in sales.
In terms of profit, operating income of 2.6 billion yen was recorded
which is an increase of 15.6 billion yen compared to the same period
last year, due to an improved cost to sales ratio despite a decrease
in net sales. In addition loss before taxes for continuing operations
was 6.1 billion an improvement of 18 billion yen compared to the
same period last year. Net income improved by 16.5 billion compared
to the same period last year and a net loss of 9.7 billion yen was
recorded.
(2) Qualitative information for the consolidated financial position
(Assets)
Total assets at the end of the first quarter decreased 27.7 billion
yen to 2,127.1 billion yen, from the end of fiscal year 2005. This
is primarily due to a decrease in notes and accounts receivable
of 40 billion yen, even though inventory increased 32.3 billion
yen compared to the end of fiscal year 2005.
(Liabilities and Stockholder’s Equity)
Total liabilities at the end of the first quarter decreased 12.8
billion yen to 1,720.8 billion yen, from the end of fiscal year
2005. SANYO transferred 50 yen of straight corporate bonds to short-term
borrowings.
Total Stockholders’ equity decreased 14.2 billion yen from
the end of fiscal year 2005, to 388.7 billion yen. As a result of
amortization of beneficial conversation features of preferred shares
(31.6 billion yen), transferred this amount from retained earnings
to common stock and additional paid in capital.
(Cash Flows)
Regarding statement of cash flows, net cash generated by operating
activities was 15.3 billion yen; net cash used in investing activities
such as plant and equipment was 12.4 billion yen. Net cash generated
by financing activities was 11.1 billion yen. Taking into account
exchange rate fluctuations, cash and cash equivalents at the end
of this quarter increased by 12.9 billion yen compared to the end
of fiscal year 2005, to 310.4 billion yen.
(3) Forecast of consolidated results for fiscal 2006 (April 1, 2006
to March 31, 2007)
Forecasts for fiscal year 2006 are unchanged from the original forecast,
which was announced on May 18, 2006.
*The forecasts above are based on assumptions
deemed reasonably at the time they were prepared, actual results
may differ significantly from forecasts. Actual results may be influenced
but not limited to the following, changes in political and economic
regions, increased material costs and fluctuations in the foreign
exchange markets. |
| Financial Data for FY2006-1Q Accounts |
|
|
|
|
|
| <Results
of Operations> |
(Millions of Yen) |
|
1st Quarter
of FY 2006 |
1st Quarter
of FY 2005
|
Increase
(Decrease)
|
1st Half of
FY 2006 Forecast
|
FY 2006
Forecast |
| Net Sales |
504,115
|
568,965
|
(64,850)
|
1,130,000
|
2,400,000
|
| Operating Income (loss) |
2,573
|
(13,042)
|
15,615
|
12,000
|
65,000 |
| (Loss) income before income taxes and minority interests
from continuing operations |
(6,052)
|
(24,034)
|
17,982
|
1,000
|
40,000
|
| Net (loss) income from continuing operations |
(9,668)
|
(27,076)
|
17,408
|
-
|
- |
| Net income from discontinued operations |
-
|
866
|
(866)
|
-
|
- |
| Net (loss) income |
(9,668)
|
(26,210)
|
16,542
|
(8,000)
|
20,000 |
|
* Following the U.S. Finanical
Accounting Standards Board Statement No. 144 (Accounting for the Impairment
or Disposal of Long-Lived Assets). In FY 2005, SANYO classified SANYO
Electric Credit Co., Ltd as a discontinued operation. Consolidated
statements of income and business segments information for FY 2005,
reflect these changes.
|
<Business
Segment>
|
| 1.Net Sales and Operating Revenues
|
(Millions of Yen) |
| |
1st Quarter
of FY 2006
|
1st Quarter
of FY 2005
|
Increase
(Decrease)
|
Consumer Group
AV/Information and
Communication Equipment
Home Appliances |
|
240,622
|
276,624
|
(36,002)
|
180,369
60,253
|
215,393
61,231
|
(35,024)
(978)
|
| Commercial Group |
54,850
|
56,719
|
(1,869)
|
Component Group
Electronic Devices
Batteries
Others |
|
212,053
|
233,464
|
(21,411)
|
85,566
94,821
31,666
|
101,534
92,758
39,172
|
(15,968)
2,063
(7,506)
|
Others
|
31,256
|
37,051
|
(5,795) |
Corporate and Eliminations
|
(13,126)
|
(16,236)
|
3,110 |
Total
|
525,655
|
587,622
|
(61,967) |
|
2.Operating Income (loss)
|
(Millions of Yen) |
| |
1st Quarter
of FY 2006
|
1st Quarter
of FY 2005
|
Increase
(Decrease)
|
Consumer Group
AV/Information and
Communication Equipment
Home Appliances |
|
(4,831)
|
(7,090)
|
2,259
|
(2,049)
(2,782)
|
(5,414)
(1,676)
|
3,365
(1,106)
|
| Commercial Group |
1,649
|
1,247
|
402
|
Component Group
Electronic Devices
Batteries
Others |
|
12,602
|
(2,654)
|
15,256
|
2,585
8,711
1,306
|
(8,046)
5,487
(95)
|
10,631
3,224
1,401
|
Others
|
1,099
|
1,051
|
48
|
Corporate and Eliminations
|
(7,946)
|
(5,596)
|
(2,350)
|
Total (A)
|
2,573
|
(13,042)
|
15,615
|
|
<Non Operating Balance>
|
(Millions of Yen) |
| |
1st Quarter
of FY 2006
|
1st Quarter
of FY 2005
|
Increase
(Decrease)
|
Extra payments of retirement benefits
|
(1,001)
|
(6,300)
|
5,299
|
Gain (Loss) on sale on fixed assets
|
863
|
(1,377)
|
2,240
|
| Gain on sale on equity securities |
174
|
814
|
(640)
|
| Financial balance |
(2,906)
|
(1,783)
|
(1,123)
|
| Exchange loss, net |
(1,095)
|
(58)
|
(1,037)
|
Equity in earnings of affiliated companies
|
(2,702)
|
(698)
|
(2,004)
|
Other
|
(1,958)
|
(1,590)
|
(368)
|
Non operating balance(B)
|
(8,625)
|
(10,992)
|
2,367
|
Loss before income taxes and minority interests
from continuing operations (A+B)
|
(6,052)
|
(24,034)
|
17,982
|
|
<Net Sales> |
| 1.Sales by Group |
(Millions of Yen) |
| |
1st Quarter
of FY 2006
|
1st Quarter
of FY 2005
|
Increase
(Decrease) |
Consumer Group
Overseas
|
237,234
98,910
|
273,859
120,759
|
(36,625)
(21,849) |
Commercial Group
Overseas
|
53,946
10,636 |
55,735
8,785 |
(1,789)
1,851 |
Component Group
Overseas
|
204,117
147,079 |
223,225
162,684 |
(19,108)
(15,605) |
Others
Overseas |
8,818
2,340
|
16,146
3,848 |
(7,328)
(1,508) |
Total
Overseas
|
504,115
258,965
|
568,965
296,076 |
(64,850)
(37,111)
|
|
2.Sales of Main Products
|
(Millions of Yen) |
| |
1st Quarter
of FY 2006
|
1st Quarter
of FY 2005
|
Increase
(Decrease)
|
Consumer
Group
|
TVs
Overseas |
23,776
21,443
|
23,459
19,049
|
317
2,394
|
LCD Projectors
Overseas
|
11,528
9,466
|
11,863
8,898
|
(335)
568
|
Digital Still Cameras
Overseas
|
26,921
5,681
|
43,565
3,023
|
(16,644)
2,658
|
Telephones
Overseas |
82,687
29,979 |
90,824
50,129 |
(8,137)
(20,150) |
Information Equipments
Overseas
|
13,645
1,788
|
15,308
2,997
|
(1,663)
(1,209) |
Refrigerators
Overseas
|
12,978
6,056
|
14,118
5,880
|
(1,140)
176 |
Air Conditioners
Overseas
|
16,408
4,794
|
19,878
5,473
|
(3,470)
(679) |
Washing Machines
Overseas
|
8,346
1,037
|
6,502
1,021
|
1,844
16 |
Commercial
Group
|
Showcases
Overseas
|
10,487
2,393
|
10,776
2,074
|
(289)
319 |
Commercial Air Conditioners
Overseas
|
14,811
5,302
|
15,498
4,321
|
(687)
981 |
Commercial Kitchen Equipments
Overseas
|
14,811
5,302
|
15,498
4,321
|
(219)
155 |
Component
Group
|
Semiconductors
Overseas
|
45,742
25,648
|
45,545
25,032
|
197
616
|
Electronic Components
Overseas
|
28,550
21,259
|
24,852
17,357
|
3,698
3,902
|
Rechargeable Batteries
Overseas
|
66,683
53,131
|
67,477
53,543
|
(794)
(412)
|
Optical Pickups
Overseas
|
27,196
23,070
|
32,955
27,782
|
(5,759)
(4,712)
|
Solar Batteries
Overseas
|
14,226
7,989
|
10,131
5,005
|
4,095
2,984
|
|
| 3.Sales by Areas |
(Millions of Yen) |
| |
1st Quarter
of FY 2006
|
1st Quarter
of FY 2005
|
Increase
(Decrease)
|
Overseas Total
North America
Europe
Asia
Others |
|
258,965
|
296,076
|
(37,111)
|
75,634
45,294
125,441
12,596
|
95,007
45,646
142,572
12,851
|
(19,373)
(352)
(17,131)
(255)
|
Domestic Total
|
245,150
|
272,889
|
(27,739)
|
Grand Total
|
504,115
|
568,965
|
(64,850)
|
|
|
<Balance Sheets>
|
(Millions of Yen) |
| |
At June
30th, 2006
|
At March
31st, 2006
|
Increase
(Decrease)
|
Total Assets
|
2,127,138
|
2,154,837
|
(27,699) |
Stockholders' Equity
|
388,698
|
402,892
|
(14,194) |
Stockholders' Equity Ratio
|
18.3%
|
18.7%
|
(0.4pt) |
Inventories
|
350,211
|
317,894
|
32,317 |
Interest-Bearing Debt
|
774,769
|
792,166
|
(17,397) |
Net Interest-Bearing Debt
|
464,397
|
494,666
|
(30,269) |
Debt Equity Ratio
|
2.0times
|
2.0times
|
0.0times |
|
| <Cash Flows> |
(Millions of Yen) |
|
| |
1st Quarter
of FY 2006
|
1st Quarter
of FY 2005
|
Cash flows from operating activities
|
15,285
|
(55,634) |
Cash flows from investing activities
|
(12,404)
|
(31,968) |
Free cash flows
|
2,881
|
(87,602) |
Cash flows from financing activities
|
11,055
|
19,364 |
Cash and cash equivalents
at end of 1st quarter
|
310,372
|
228,797 |
|
| <Supplemental information> |
(Millions of Yen) |
| |
1st Quarter
of FY 2006
|
1st Quarter
of FY 2005
|
Increase
(Decrease) |
Capital Expenditure
|
13,830
|
17,808
|
(3,978) |
Depreciations
|
16,046
|
22,054
|
(6,008) |
Exchange Rate
(Average)
|
US Dollar
|
115yen |
108yen |
7yen |
EUR
|
144yen
|
135yen
|
9yen |
The Number of Employees (Persons)
|
104,842
|
95,124
|
9,718 |
32,792
72,050
|
37,630
57,494
|
(4,838)
14,556
|
|
* Figures that are less
than a million yen are rounded.
* Forecasts are deemed reasonable at the time they were prepared,
May 18, 2006. Actual results may differ significantly from forecasts.
|
 |
|
|
|
|
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