Consolidated Financial Results

(millions of yen)

15/3

16/3

17/3

18/3

19/3

Net Sales

338,389

352,258

321,213

314,790

298,161

Cost of Sales

190,706

199,251

187,755

179,215

168,778

% of Net Sales

56.4

56.6

58.5

56.9

56.6

SG&A Expenses

110,920

110,838

102,822

106,007

99,121

% of Net Sales

32.8

31.5

32.0

33.7

33.2

Operating Income

36,763

42,169

30,636

29,568

30,262

% of Net Sales

10.9

12.0

9.5

9.4

10.1

Income before Income Taxes and Minority Interests

34,220

40,664

23,455

24,612

26,368

% of Net Sales

10.1

11.5

7.3

7.8

9.8

Net Income

26,400

31,194

18,410

19,563

22,135

% of Net Sales

7.8

8.9

5.7

6.2

7.4