The text starts here.

Non-Consolidated Semiannual Financial Report for fiscal 1997

SELECTED FINANCIAL RATIOS

  Unit FY1996 FY1997
First
Half
Full
Year
First
Half
INCOME RATIOS
  Ratio of Operating Income to Sales %percent 16.5 17.7 17.0
  Ratio of Ordinary Income to Sales* %percent 16.5 17.5 16.4
  Return on Sales (ROS) %percent 7.5 8.2 8.1
  Cost of Sales to Sales %percent 33.8 33.7 33.9
Ratio of SG&A Expenses to Sales %percent 49.7 48.6 49.0
  Ratio of Net Financial Income/Expenses to Sales %percent 0.38 0.33 0.07
Return on Assets (ROA) %percent 4.7 5.1 5.1
  Return on Equity (ROE)* %percent 8.4 8.9 8.2
  Dividend on Equity (DOE)* %percent 2.2 2.0 2.1
STABILITY RATIOS
  Current Ratio %percent 344.7 292.1 337.8
  Fixed Asset Ratio %percent 51.8 50.4 52.6
  Ratio of Shareholders' Equity* %percent 56.1 60.6 64.8
PRODUCTIVITY
  Net Sales per Employee ¥10,000 5,725 5,832 5,803
  Net Income per Employee ¥10,000 427 477 473
OTHER RATIOS
  Turnover Ratio of Total Capital times 0.62 0.63 0.63
  Accounts Receivable months 4.68 4.64 4.7
  Dividend Payout Ratio* %percent 25.6 23.4 26.7
  Average Inventory months 1.76 1.74 1.67
  Earnings per Share (EPS)* Yen 71.03 77.07 75.06
  Shareholders' Equity per Share* Yen 856.6 903.47 936.77