Consolidated Financial Results

(millions of yen)

14/3

15/3

16/3

17/3

18/3

Net Sales

321,761

338,389

352,258

321,213

314,790

Cost of Sales

189,358

190,706

199,251

187,755

179,215

% of Net Sales

58.9

56.4

56.6

58.5

56.9

SG&A Expenses

105,827

110,920

110,838

102,822

106,007

% of Net Sales

32.9

32.8

31.5

32.0

33.7

Operating Income

26,576

36,763

42,169

30,636

29,568

% of Net Sales

8.3

10.9

12.0

9.5

9.4

Income before Income Taxes and Minority Interests

22,957

34,220

40,664

23,455

24,612

% of Net Sales

7.1

10.1

11.5

7.3

7.8

Net Income

15,989

26,400

31,194

18,410

19,563

% of Net Sales

5.0

7.8

8.9

5.7

6.2