Financial Review for the Third Quarter Ended December 31, 2006 (Consolidated)
Net sales for the three months ended December 31, 2006, were 820.1 billion yen, up 12.1% over the same period last year.
Operating income was 49.2 billion yen, up 12.6% over the same period last year, and operating income ratio was 6.0%, identical to the same period last year. Net income for this quarter was 28.5 billion yen, up 8.5%, compared to the same period in the previous year.
For the nine months ended December 31, 2006, net sales were 2,285.8 billion yen, up 10.6% over the same period last year.
Operating income was 139.4 billion yen, up 17.3% over the same period last year. Net income for the nine-month period was 75.0 billion yen, up 19.6%, compared to the same period in the previous year.
Starting from this fiscal year, we have changed our accounting method. Previously, a royalty and technical assistance fee were included in "Other income," and the cost of the royalty and technical assistance fee was calculated in "Other expenses." However, these are currently included in "Net sales" and "Cost of sales," respectively. With this change, for the three months ended December 31, 2006, net sales are up 3.6 billion yen and operating income is up 2.5 billion yen. For the nine months ended December 31, 2006, net sales are up 11.8 billion yen and operating income is up 8.5 billion yen, compared to the previous classification. However, this change has no impact on net income.