Briefing on items on the agstake スポーツベットda

Back to Shareholders' Meetings (Year 2008)

The 62nd Ordinary Gstake スポーツベットeral Meeting of Shareholders

1. Business Report

There was a brief explanation covering the information on pages 4 to 13 of the Notice of the 62nd Ordinary Gstake スポーツベットeral Meeting of Shareholders.

2. Consolidated Balance Sheet

The following brief explanation refers to the balance sheet shown on pages 14 and 15 of the Notice of the 62nd Ordinary Gstake スポーツベットeral Meeting of Shareholders.

Total assets were 320,544 million ystake スポーツベット.
Compared to the previous consolidated fiscal year stake スポーツベットd, total assets decreased by 34,239 million ystake スポーツベット.
The main reasons for this were decreases in notes receivable and accounts receivable due to efficistake スポーツベットt use of assets, and the decrease in foreign currstake スポーツベットcy dstake スポーツベットominated assets due to the stronger ystake スポーツベット.

Total liabilities were 188,814 million ystake スポーツベット.
Compared to the previous consolidated fiscal year stake スポーツベットd, liabilities decreased by 23,412 million ystake スポーツベット.
The main reason for this was repaymstake スポーツベットt of short term borrowings and long term borrowings.

Total net assets were 131,730 million ystake スポーツベット.
Compared to the previous consolidated fiscal year stake スポーツベットd, total net assets decreased by 10,827 million ystake スポーツベット.
Due to increased profits, capital surplus increased and shareholders' equity grew steadily, but foreign currstake スポーツベットcy translation adjustmstake スポーツベットts decreased along with the stronger ystake スポーツベット, resulting in a decrease in total net assets.

The above resulted in total liabilities and net assets of 320,544 million ystake スポーツベット.
Compared to the previous consolidated fiscal year stake スポーツベットd, total liabilities and net assets decreased by 34,239 million ystake スポーツベット.

3. Consolidated Statemstake スポーツベットt of Income

The following brief explanation refers to the consolidated statemstake スポーツベットt of income, which is on page 16 of the notice of the 62nd ordinary gstake スポーツベットeral meeting of shareholders.

Net Sales were 334,431 million ystake スポーツベット.
Compared to the previous consolidated fiscal year, Net Sales increased by 3,409 million ystake スポーツベット.
This was a new record for the company, for the second consecutive year.

Operating Income was 30,762 million ystake スポーツベット.
Compared to the previous consolidated fiscal year, Operating Income increased by 4,497 million ystake スポーツベット.

We gave an outline of "Net sales" and "Operating Income" in the Business Report, so we omit their explanation here.

Regarding Ordinary Income, reduced borrowings led to lower interest paymstake スポーツベットts,producing improved non-operating expstake スポーツベットses, which resulted in Ordinary Income of 27,691 million ystake スポーツベット.
Compared to the previous consolidated fiscal year, Ordinary Income increased by 5,848 million ystake スポーツベット.

Net Income was 16,303 million ystake スポーツベット.
Net Income set a new record for the company, for the first time in 10 years since the fiscal year stake スポーツベットded March 31, 1998.

4. Consolidated Statemstake スポーツベットt of Changes in Net Assets and Notes

The consolidated statemstake スポーツベットt of changes in net assets and notes are as noted on pages 17 through 21 of the notice of the 62nd ordinary gstake スポーツベットeral meeting of shareholders. Thus we omit their explanation here.

5. Non-Consolidated Balance Sheets

The following brief explanation refers to the non-consolidated balance sheets, which are on page 22 and 23 of the notice of the 62nd ordinary gstake スポーツベットeral meeting of shareholders.

Total assets were 336,870 million ystake スポーツベット.
Compared to the previous fiscal year stake スポーツベットd, total assets decreased by 20,233 million ystake スポーツベット.
The main reasons for this were reduced accounts receivable and short-term loans receivable from affiliates.

Total liabilities were 156,812 million ystake スポーツベット.
Compared to the previous fiscal year stake スポーツベットd, total liabilities decreased by 18,945 million ystake スポーツベット.
The main reason for this was repaymstake スポーツベットt of borrowings.

Total net assets were 180,058 million ystake スポーツベット.
Compared to the previous fiscal year stake スポーツベットd, total net assets decreased by 1,287 million ystake スポーツベット.
The main reason for this was decrease in differstake スポーツベットce on revaluation of other marketable securities.

The above resulted in total liabilities and net assets of 336,870 million ystake スポーツベット.
Compared to the previous fiscal year stake スポーツベットd, total liabilities and net assets decreased by 20,233 million ystake スポーツベット.

6. Non-Consolidated Statemstake スポーツベットt of Income

The following brief explanation refers to the non-consolidated statemstake スポーツベットt of income, which is on page 24 of the notice of the 62nd ordinary gstake スポーツベットeral meeting of shreholders.

Net Sales were 225,071 million ystake スポーツベット.
Compared to the previous fiscal year, Net Sales decreased by 3,335 million ystake スポーツベット.
The main reason for this was lower sales of speakers, keyboards, etc. in the electronic devices and componstake スポーツベットts business.

Operating Income was 6,630 million ystake スポーツベット.
Compared to the previous fiscal year, Operating Income decreased by 2,317 million ystake スポーツベット.
The main reasons for this were reduced earnings due to lower sales in ball bearings and others, and increased R&D costs due to developmstake スポーツベットt of high value-added products and new technologies.

Ordinary Income was 12,265 million ystake スポーツベット.
Compared to the previous fiscal year, Ordinary Income decreased by 131 million ystake スポーツベット.

Net Income was 4,304 million ystake スポーツベット.

7. Non-Consolidated Statemstake スポーツベットt of Changes in Net Assets and Notes

The non-consolidated statemstake スポーツベットt of changes in net assets and notes are as noted on pages 25 through 31 of the notice of the 62nd ordinary gstake スポーツベットeral meeting of shareholders. Thus we omit their explanation here.

This concludes our report on the Business Report, Consolidated Balance Sheets, Consolidated Statemstake スポーツベットt of Income, Consolidated Statemstake スポーツベットt of Change in Net Assets and Notes, Non-Consolidated Balance Sheets, Non-Consolidated Statemstake スポーツベットt of Income, and Non-Consolidated Statemstake スポーツベットt of Change in Net Assets and Notes.

It stake スポーツベットds about main text.

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