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	IR News  Management Policy  Board of Directors  Financial Highlights  Financial Information          <Consolidated Financial Results for Fiscal Years 2007 through 2011> Fiscal Year 85th 86th 87h 88h 89th Fiscal Year Ended March, 2007 March, 2008 March, 2009 March, 2010 March, 2011 Net Sales (millions of yen) 53,846 66,637 77,464 63,692 67,280 Ordinary Income or Loss (millions of yen) 2,245 3,294 6,939 7,400 6,161 Net Income or Loss (millions of yen) 2,627 2,958 3,091 3,733 4,478 Comprehensive income (millions of yen) - - - - 3,898 Net Assets (millions of yen) 19,723 20,448 21,733 25,126 28,396 Total Assets (millions of yen) 73,274 84,707 84,489 80,840 85,013 Net Assets per Share (yen) 121.81 127.42 135.43 156.57 176.96 Net Income or Loss per Share (yen) 16.23 18.33 19.26 23.27 27.91 Diluted Net Income per Share (yen) - - - - - Equity Ratio (%) 26.9 24.1 25.7 31.1 33.4 Return on Equity (ROE) (%) 14.4 14.7 14.7 15.9 16.7 Price Earnings Ratio (PER) (times) 27.73 16.91 9.40 8.42 6.1 Net Cash Used In Operating Activities (millions of yen) 11,861 4,576 3,276 2,973 7,402 Net Cash Used In Investment Activities (millions of yen) - 4,904 - 2,225 - 3,864 - 5,812 - 2,877 Net Cash Used In Financing Activities (millions of yen) - 439 - 2,123 - 220 8,857 1,226 Cash and Cash Equivalents at End Of Year (millions of yen) 17,792 17,807 16,898 22,916 28,662 Number of Employees (people) 1,535 1,627 1,704 1,671 1,584 Non-consolidated           Net Sales (millions of yen) 52,889 65,573 76,169 62,495 66,004 Ordinary Income or Loss (millions of yen) 2,221 3,241 6,827 7,325 6,039 Net Income or Loss (millions of yen) 2,609 2,983 3,017 3,730 4,387 Capital Stock (millions of yen) 8,414 8,414 8,414 8,414 8,414 Total Number of Shares Issued (thousand shares) 161,955 161,955 161,955 161,955 161,955 Net Assets (millions of yen) 19,475 20,241 21,463 24,847 28,027 Total Assets (millions of yen) 72,947 84,205 83,822 80,199 84,278 Net Assets per Share (yen) 120.29 126.13 133.74 154.84 174.66 Dividends per share    (Interim Dividends per share) (yen) 2 (0) 5 (0) 5 (0) 4 (0) 5 (0) Net Income or Loss per Share (yen) 16.12 18.49 18.80 23.25 27.34 Diluted Net Income per Share (yen) - - - - - Equity Ratio (%) 26.7 24.0 25.6 31.0 33.3 Return on Equity (ROE) (%) 14.5 15.0 14.5 16.1 16.6 Price Earnings Ratio (PER) (times) 27.92 16.77 9.63 8.43 6.2 Dividend Payout Ratio (%) 12.4 26.9 26.6 17.2 18.3 Number of Employees (people) 1,263 1,360 1,413 1,370 1,291   [Annotation]   1. From the fiscal year ended March 2007 (85th term), the Company adopts “Accounting Standard for Presentation of Net Assets in the Balance Sheet” (ASBJ Statement No.5) and “Guidance on Accounting Standard for Presentation of Net Assets in the Balance Sheet” (ASBJ Guidance No.8) when calculating net assets.   2. Diluted net income per share is not shown for the 83rd, 84th, 85th, 86th or 87th term because there were no residual securities.   3. The number of employees shown refers to the number of persons actually at work.