Consolidated Financial Results

(millions of yen)

13/3

14/3

15/3

16/3

17/3

Net Sales

297,763

321,761

338,389

352,258

321,213

Cost of Sales

181,479

189,358

190,706

199,251

187,755

% of Net Sales

60.9

58.9

56.4

56.6

58.5

SG&A Expenses

96,231

105,827

110,920

110,838

102,822

% of Net Sales

32.3

32.9

32.8

31.5

32.0

Operating Income

20,053

26,576

36,763

42,169

30,636

% of Net Sales

6.7

8.3

10.9

12.0

9.5

Income before Income Taxes and Minority Interests

18,942

22,957

34,220

40,664

23,455

% of Net Sales

6.4

7.1

10.1

11.5

7.3

Net Income

11,876

15,989

26,400

31,194

18,410

% of Net Sales

4.0

5.0

7.8

8.9

5.7