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Non-Consolidated Semiannual Financial Report for fiscal 1997

NON-CONSOLIDATED SEMIANNUAL STATEMENTS OF INCOME

Six Months Ended September 30, 1997 and 1996, and the Fiscal Year Ended March 31, 1997

(Millions of yen)

  Apr.1,97-
Sep.30,97
Apr.1,96-
Sep.30,96
Increase
(Decrease)
Apr.1,96-
Mar.31,97
Operating revenue:
Net sales ¥128,646 ¥128,402 ¥243 ¥257,906
Operating expenses:
Cost of sales 43,605 43,507 97 86,911
Reversal of reserve for sales return - 61 (61) 64
Provision for reserve for sales return 30 - 30 -
Research and development expenses 20,754 18,468 2,286 36,183
Selling, general and administrative expenses 42,339 45,296 (2,956) 89,269
Total operating expenses 106,729 107,210 (481) 212,300
Operating income 21,916 21,191 725 45,605
Non-operating income
Interest and dividend income 1,173 1,098 75 2,186
Other non-operating income 811 920 (109) 2,136
Total non-operating income 1,985 2,019 (33) 4,322
Non-operating expenses
Interest expense 1,264 1,580 (316) 3,025
Other non-operating expenses 1,485 487 997 1,864
Total non-operating expenses 2,749 2,068 681 4,889
Ordinary income 21,152 21,142 9 45,038
Special profit
Gains on sale of property 14 2 12 86
Special loss
Losses on disposal of property 316 82 233 335
Income before corporate and inhabitant taxes 20,850 21,062 (211) 44,789
Corporate and inhabitant taxes 10,366 11,478 (1,112) 23,675
Net income 10,484 9,584 900 21,114
Retained earnings brought forward 3,838 3,291 547 3,291
Interim dividends paid - - - 2,451
Transfer to legal reserve - - - 245
Unappropriated retained earnings for the period ¥14,323 ¥12,875 ¥1,448 ¥21,709