Presentation Transcripts

Latest Update : May 26, 2009

Back to Financial Results (FY3/2009)

Investor Meeting Presentation for FY 3/2009 held on May 8, 2009

Table of Contents

Net income dramatically decreased from the previous fiscal year's record high of 16.3 billion yen to hit 2.4 billion yen. This was due to the substantial decline in operating income as well as extraordinary losses of 5.1 billion yen. Specifically, these extraordinary losses included a loss of 1.8 billion yen as a result of the business restructuring related to the closure of the Skegness Plant in the UK, special severance payments of 1.0 billion yen for the early retirement implemented in Thailand, an allowance for environmental remediation expenses of 0.7 billion yen incurred in the U.S., and a loss on disposal of obsolete inventories totaling 0.6 billion yen. The effective tax rate increased over the previous year to 61.8%, due to the increase in dividends received from overseas subsidiaries.
Net income is projected to increase for the fiscal year ending March 31, 2010, since we expect no significant extraordinary losses.

10page (total 44pages)

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