Consolidated Financial Results (1st Quarter Fiscal 2009 Earnings)

Billions of yen
  1Q FY2008
(Apr. 1 to Jun. 30, 2007)
1Q FY2009
(Apr. 1 to Jun. 30, 2008)
Amount %
Revenue 100.0% 688.3 100.0% 653.7 (34.6) (5.0)
Operating Income 8.7% 59.8 7.0% 45.9 (13.9) (23.2)
Income before Income Taxes 10.2% 70.0 8.4% 55.0 (15.0) (21.5)
Net Income 6.0% 41.0 4.9% 31.9 (9.1) (22.1)
Earnings per Share ¥80.15 ¥63.31 ¥(16.84)
Exchange Rate: US$ ¥121 ¥104 ¥(17)
Euro ¥162 ¥163 +¥1


Our consolidated revenue totaled ¥653.7 billion, down 5.0% from the same period in the previous fiscal year. Although we increased our information solutions sales of such mainstay products as FPD materials and camera phone lens units, this rise was offset by such factors as a decrease in imaging solutions sales centered on color films and yen appreciation centered on the U.S. dollar. The portion of the ¥34.6 billion decrease in net income attributable to exchange rate changes was approximately ¥28.0 billion.


Operating income amounted to ¥45.9 billion, down 13.9 billion from the same period of the previous fiscal year.

Negative factors on our performance included decreases of ¥6.1 billion attributable to yen appreciation, ¥3.8 billion attributable to surging raw materials prices, and ¥19.0 billion attributable to drops in selling prices of digital cameras and other mainstay products.
These factors were partially offset by a ¥13.0 billion contribution to operating income from cost reductions stemming from the Slim and Strong Drive cost reform program and a ¥2.0 billion contribution from expanded sales of FPD materials and other products. We thus did our best to minimize the impact of the worsening business environment on our performance.

Similar decreases were recorded in other income items. Income before income taxes declined to ¥55.0 billion, down 21.5% from the level in the same period of the previous fiscal year. Net income for the quarterly period decreased 22.1%, to ¥31.9 billion.

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

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