Consolidated Financial Results

Billions of yen
  FY2008 FY2007 Change
Amount %
Revenue 100.0% 2,846.8 100.0% 2,782.5 +64.3 +2.3
Pro-forma Operating Income 7.3% 207.3 7.4% 207.1 +0.2 +0.1
Structural Reform Expenses   No data   94.1 (94.1) No data
Operating Income 7.3% 207.3 4.1% 113.0 +94.3 +83.4
Income before Income Taxes 7.0% 199.3 3.7% 103.2 +96.1 +93.0
Net Income 3.7% 104.4 1.2% 34.4 +70.0 +203.2
Earnings per Share ¥205.43 ¥67.46 +¥137.97
Exchange Rate: US$ ¥115 ¥117 ¥(2)
Euro ¥162 ¥149 +¥13

Revenue

A large increase was achieved in information solutions sales centered on sales of medical systems, graphic arts, and flat panel display materials. We also recorded a strong sales performance in document solutions operations, particularly in overseas markets. This and such factors as the depreciation of the yen against the euro enabled us to increase our net sales 2.3% from the previous fiscal year, to ¥2,846.8 billion.

Income

Operating income amounted to ¥207.3 billion, 1.8 times the level in the previous fiscal year.

During the year, prices of silver and other principal raw materials continued to be high, just as in the previous fiscal year. Moreover, we had a rise in depreciation expense that accompanied the adoption of revised depreciation methods from the second quarter of the fiscal year, and we had the temporary costs associated with the “Slim & Strong Drive” measures. Together, these factors had the effect of increasing our costs by about ¥60 billion.

However, we were able to offset this negative impact with a rise in sales volume along with such factors as fixed cost reductions through structural reforms and benefits from “Slim & Strong Drive” measures.

Income before income taxes grew to ¥199.3 billion, 1.9 times higher than the level in the previous fiscal year. Net income reached ¥104.4 billion, 3 times higher than in the previous fiscal year. Both of these increases were substantial.

Consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America.

Archives (FY2008 - FY2005)