Management Indexes

Net sales / Net sales growth ratio

millions of yen/%
2007 2008 2009 2010 2011
Net sales 60,959 72,221 79,665 83,504 90,571
Net sales growth ratio 113.3 118.5 110.3 104.8 108.5

Ordinary income / Ordinary income margin

millions of yen/%
2007 2008 2009 2010 2011
Ordinary income 7,337 5,017 4,283 5,037 7,240
Ordinary income margin 12.0 6.9 5.4 6.0 8.0

Net income / Net income margin

millions of yen/%
2007 2008 2009 2010 2011
Net income 3,511 3,800 1,274 1,403 3,596
Net income margin 5.8 5.2 1.6 1.7 4.0

Net income per share

yen
2007 2008 2009 2010 2011
Net income per share 84.98 90.59 30.19 33.26 97.02

Net assets per share

yen
2007 2008 2009 2010 2011
Net assets per share 426.33 538.09 545.02 552.68 478.39

ROE / ROA

%
2007 2008 2009 2010 2011
ROE 21.8 18.8 5.6 6.1 18.7
ROA 20.0 12.3 9.5 10.8 15.8

Shareholders’ equity / Equity ratio

millions of yen/%
2007 2008 2009 2010 2011
Shareholders’ equity 17,648 22,768 22,987 23,335 15,102
Equity ratio 46.2 52.4 49.1 50.5 33.0

Dividends / Dividend ratio

yen/%
2007 2008 2009 2010 2011
Annual dividend 10.00 25.00 25.00 28.00 29.00
 Interim dividend 3.00 10.00 10.00 10.00 10.00
 Year-end dividend 7.00 15.00 15.00 18.00 19.00
Dividend ratio 11.8 27.6 82.8 84.2 29.9

Total net assets / Shareholders’ equity

millions of yen
2007 2008 2009 2010 2011
Total net assets 38,132 43,362 46,821 46,163 45,716
Shareholders’ equity 17,648 22,768 22,987 23,335 15,102

Total asset turnover / Inventory turnover

times
2007 2008 2009 2010 2011
Total asset turnover 1.6 1.7 1.7 1.8 2.0
Inventory turnover 4.8 4.6 4.5 4.7 5.5

Current ratio / Fixed asset ratio

%
2007 2008 2009 2010 2011
Current ratio 141.0 135.5 148.4 149.8 103.1
Fixed asset ratio 83.0 70.8 75.5 73.3 115.0

Capital expenditures / Depreciation

millions of yen
2007 2008 2009 2010 2011
Capital expenditures 2,389 2,954 3,604 1,415 4,254
Depreciation 642 883 1,258 1,209 1,363

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