Outlook for the FY2008 (Fiscal Year 2007 Earnings)

There is concern that the Company's performance will be affected by such outside factors as the continued high level of principal raw material prices and currency exchange rate trends, and changes to the depreciation system accompanying tax reforms are expected to have the effect of increasing expenses. Moreover, a temporary increase in expenses is anticipated in connection with the process of accelerating the “Slim & Strong Drive.” The aggregated effect of these factors is expected to reduce operating income by approximately ¥30.0 billion.

On the other hand, the Company is anticipating business growth centered on Information Solutions and Document Solutions operations, and the fixed cost reduction benefits of previously implemented structural reforms are expected to be fully elicited. These factors are projected to offset the aforementioned negative factors. Specifically, on a consolidated basis, the Company projects ¥2,850.0 billion in revenue, ¥200.0 billion in operating income, ¥200.0 billion in income before income taxes, and ¥120.0 billion in net income, anticipating a V-shaped recovery in its performance. All these projection figures represent new record high performance levels.

• Fiscal Year 2008 (April 1, 2007 - March 31, 2008)
• Fiscal Year 2007 (April 1, 2006 - March 31, 2007)
• Fiscal Year 2006 (April 1, 2005 - March 31, 2006)
• Fiscal Year 2005 (April 1, 2004 - March 31, 2005)