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Financial Highlights Financial Highlights

Years Ended March 31/March 31

’03

’04

’00

28.6 21.6

10.5

17.9

19.9

48.0

42.0

’02

44.8

39.8

’01

25.9

’02

625.7

’01

Management Perspective

’00

572.4

(¥ billion)

538.8

Net Income

(¥ billion)

531.9

Operating Income

(¥ billion)

463.1

Net Sales

’03

’04

’00

’01

’02

’03

’04

Topics

Millions of yen 2004

2002

¥572,413 44,789 21,591 475,760 205,101

¥538,790 41,968 17,937 460,549 191,196

Review of Operations

Net sales ......................................................................................... ¥625,718 Operating income ............................................................................. 47,988 Net income ...................................................................................... 28,611 Total assets..................................................................................... 536,379 Total shareholders’ equity ................................................................. 235,771

2003

Yen

¥108.18 14.00

¥81.48 12.00

¥67.58 12.00

Financial Section

Per share of common stock: Net income* ................................................................................ Cash dividends applicable to the year ............................................

* Calculated on the basis of the weighted average number of common shares outstanding during each year

Corporate Data

ANNUAL REPORT 2004

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