For the years ended March 31

	Millions of Yen					Thousands of U.S Dollars
	2011	2010	2009	2008	2007	2011
Results of Operations
Net sales	¥83,143	¥78,020	¥72,395	¥72,532	¥65,400	$1,001,729
Gross profit	26,920	24,248	21,094	23,116	20,354	324,337
Operating income	5,399	5,663	4,771	6,908	5,737	65,043
Income before income taxes and minority interests	4,718	5,027	2,327	6,682	6,248	56,838
Net income	2,685	3,240	1,368	3,657	4,015	32,345
Financial Position
Total assets	¥122,009	¥115,131	¥83,688	¥91,157	¥80,144	$1,469,992
Inventories	14,638	13,861	14,198	14,589	11,442	176,363
Property, plant and equipment, net	19,051	20,677	19,036	20,514	17,070	229,530
Total liabilities	72,970	67,614	46,966	50,876	40,714	879,155
Equity	49,039	47,517	36,722	40,281	39,430	590,837
Equity ratio (%)	39.3	40.5	43.3	43.5	48.5
Per Share (Yen and U.S. dollars)
Net income
Basic	¥33.86	¥47.49	¥21.46	¥56.59	¥60.44	$0.41
Diluted	–	–	–	–	–
Cash dividend applicable to the year	12.00	12.00	12.00	12.00	12.00	0.14
Payout ratio (%)	35.40	25.30	55.92	21.21	19.85
Equity	605.46	587.66	578.72	614.18	601.46	7.29
Key Ratios (%)
ROE	5.7	7.8	3.6	9.3	10
ROA	2.3	3.3	1.6	4.3	5.3

Notes :
The translations of Japanese yen amounts into U.S. dollar amounts are included solely for the convenience of readers outside Japan and have been made at the rate of ¥83 to $1, the approximate rate of exchange at March 31, 2011. On November 26, 2009, the Company issued and publicly offered 5,500,000 shares and disposed of 9,000,000 treasury stocks. On December 22, 2009, 2,175,000 shares were issued to a third party through over allotment. As a result, the number of shares issued increased by 7,675,000 shares and the treasury stocks decreased by 9,000,000 shares.