BALANCE SHEET

2013 2014 2015

ASSET
Current Asset

Cash and Cash Equivalents 64,351 79,923 94,365

Marketable Securities 11,726 11,726 19,153
Receivables 50,139 54,330 57,417
Inventories 19,351 20,959 23,068
Deferred tax asset 4,550 4,514 4,688
Other current Asset 2,218 3,368 2,817
146,674 174,820 210,508

Noncurrent Asset
Property, plant and equipment 133,788 147,620 147,249
Investment in securities 102,062 91,888 99,973
Investment in unconsolodated subsidiaries and associates 44,677 45,648 41,139
Other investment 9,425 8,431 9,622
Long-term loans 1,665 1,915 2,004
Goodwill 2,620 1,832 702
Intangible Asset 2,057 4,478 7,511
Asset for retirement benefits 0 0 269
Deferred tax asset 1,422 1,420 950
Other noncurrent asset 1,742 1,418 1,817
299458 304650 311236

Total Asset 446,132 479,470 512,744

LIABILITIES AND EQUITIES

Current Liabilities

Short-term borrowings 1,342 3,332 3,870

Current portion of long-term debt 5,655 1,977 1,944
Payables 71,753 75,508 77,466
Accrued income taxes 7,143 7,307 5,164
Other current liabilities 11,916 12,044 14,583
97,809 100,168 103,027

Noncurrent Liabilities

Long-term debts 7,841 9,974 9,893

Liability for retirement benefits 7,496 6,291 3,395
Deferred tax liabilities 12,039 15,115 21,347
Deffered tax liabilities on land revaluation 2,920 2,745 2,455
Other noncurrent liabilities 3,000 2,876 2,774
33,296 37,001 39,864

Equity
Common Stock Authorized- 500,000,000 Issued- 117,463,685 25,123 25,123 25,123
Capital Surplus 48,416 48,416 48,417
Stock Acquisition right 899 1,180 1,518
Retained Earnings 257,068 263,585 273,319
Treasury Stock -21,798 -21,710 -21,684
Accumulated other comprehensive income(loss)
Unrealized gain(loss) on available for sale securities 12,329 17,329 35,103
Deferred gain (loss) on derivatives under hedge accounting 0 38 58
Land revaluation -6,620 -5,898 -5,739
Foreign currency translation adjustment -7,937 5,214 6,017
Defined retirement benefit plans 0 409 1,170
307,480 333,920 363,302

Equity attributable to non-controlling interests 7,547 8,381 6,551

315,027 342,301 369,853

Total Liabilities and Equities 446,132 479,132 512,744

2016 Changes in 2014 Changes in 2015 Changes for 2016

87,110 24.20 18.07 (7.69)

3,804 0.00 63.34 (80.14)
64,450 8.36 5.68 12.25
27,169 8.31 10.06 17.78
5,647 (0.79) 3.85 20.46
2,734 51.85 (16.36) (2.95)
190,924 19.19 20.41 (9.30)

168,886 10.34 (0.25) 14.69

113,004 (9.97) 8.80 13.03
32,958 2.17 (9.88) (19.89)
68 (10.55) 14.13 (99.29)
1,236 15.02 4.65 (38.32)
28,550 (30.08) (61.68) 3,966.95
13,740 117.70 67.73 82.93
202 100.00 (24.91)
793 (0.14) (33.10) (16.53)
2,708 (18.60) 28.14 49.04
362145 1.73 2.16 16.36

553,069 7.47 6.94 7.86

18,457 148.29 16.15 376.93

2,299 (65.04) (1.67) 18.26
87,533 5.23 2.59 13.00
7,263 2.30 (29.33) 40.65
15,333 1.07 21.08 5.14
130,885 2.41 2.85 27.04

13,498 27.20 (0.81) 36.44

 7,987 (16.08) (46.03) 135.26
24,022 25.55 41.23 12.53
2,081 (5.99) (10.56) (15.23)
2,907 (4.13) (3.55) 4.79
50,495 11.13 7.74 26.67

25,123 0.00 0.00 0.00

48,178 0.00 0.00 (0.49)
1,860 31.26 28.64 22.53
293,803 2.54 3.69 7.49
-35,836 (0.40) (0.12) 65.26

43,172 40.55 102.57 22.99

-262 52.63 (551.72)
-6,380 (10.91) (2.70) 11.17
-4,577 (165.69) 15.40 (176.07)
-3,179 186.06 (371.71)
361,902 8.60 8.80 (0.39)

9,787 11.05 (21.84) 49.40

371,689 8.66 8.05 0.50

553,069 7.40 7.02 7.86

MIllions of Yen

2013 2014 2015

Net sales 382,793 417,621 431,575
Cost of sales 211,347 231,310 242,916
Gross profit 171,446 186,311 188,659

Selling, general and administrative expenses 147,492 158,606 164,358

Operating income 23,954 27,705 24,301

Other income (Expenses):

Interest and dividend income 2,673 2,981 2,765
Gain on sales of marketable securities 59 494 0
Equity in earning of associates 1,888 2,154 2,929
Interest expense -213 -250 -247
Tax and dues 0 0 -53
Foreign exchange gain (loss) 1,538 1,177 2,486
Loss on investments in partnership 0 0 0
Gain on sales of fixed assets 348 139 385
Gain on sales of investment in securities 360 3,329 2,505
Subsidiary income 17 0 0
Insurance income 152 24 0
Gain on step acquisition 0 0 0
Gain on bargain purchase 0 0 0
Loss on disposal and sales of fixed assets -395 -948 -575
Loss on Impairment of fixed asset -1,275 -1,999 -5,058
Loss on sales in investments in capital 0 0 0
Bad debts expense 0 0 0
Loss on revaluation of Investment 0 -2,822 -720
Effect of change to the standard method of accounting for the projected
benefit obligation 0 0 0

Loss from natural disaster -236 -45 0

Loss on cancellation of manufacturing subcontract -310 -55 -333
Other , net 833 -159 630
Income before income taxes 29,393 31,725 29,015
Income taxes:
Current 10,221 11,193 10,491
Deferred -26 1,243 -195
10,195 12,436 10,296
Net Income 19,198 19,289 18,719
Net income attributable to noncontrolling interest 343 20 214
Net income attributable to owners of the parents 18,855 19,269 18,505
Net Income 19,198 19,289 18,719
Other comprehensive income (loss)
Unrealized gain (loss) on available for sale securities 7,925 5,258 16,479
Deferred gain (loss) on derivatives under hedge accounting 0 38 20
Land revaluation Reserve 0 0 159
Foreign currency translation adjustments 3,903 8,637 8,046
Share of other comprehensive income (loss) in associates 3,858 4,035 -6,238
Defined retirement benefit plans 0 153 771
Total other comprehensive income (loss) 15,686 18,121 19,237
Comprehensive Income 34,884 37,410 37,956
Total comprehensive income attributable to:
Owners of the parent 34,371 36,788 37,799
Noncontrolling interest 513 622 157
 2016 Changes in 2014 Changes in 2015 Changes in 2016
468,084 9.10 3.34 8.46
260,496 9.45 5.02 7.24
207,588 8.67 1.26 10.03

181,188 7.54 3.63 10.24

26,400 15.66 (12.29) 8.64

2,344 11.52 (7.25) (15.23)

803 737.29 (100.00) 100.00
2,782 14.09 35.98 (5.02)
-343 17.37 (1.20) 38.87
0 0.00 100.00 (100.00)
-1,384 (23.47) 111.21 (155.67)
-394
228 (60.06) 176.98 (40.78)
5,128 824.72 (24.75) 104.71
0 (100.00) 0.00 0.00
0 (84.21) (100.00) 0.00
6,641 0.00 0.00 (100.00)
206 0.00 0.00 (100.00)
-395 140.00 (39.35) (31.30)
-1,093 56.78 153.03 (78.39)
-1,317 0.00 0.00 (100.00)
-734 0.00 0.00 (100.00)
-629 (100.00) (74.49) (12.64)

-736 0.00 0.00 (100.00)

0 (80.93) (100.00) 0.00

0 (82.26) 505.45 (100.00)
-528 (119.09) (496.23) (183.81)
36,979 7.93 (8.54) 27.45

11,212 9.51 (6.27) 6.87

-1,120 (4,880.77) (115.69) 474.36
10,092 21.98 (17.21) (1.98)
26,887 0.47 (2.96) 43.63
2 (94.17) 970.00 (99.07)
26,885 2.20 (3.96) 45.29
26,887 0.47 (2.96) 43.63

8,008 (33.65) 213.41 (51.40)

-319 100.00 (47.37) (1,695.00)
46 100.00 (71.07)
6,011 121.29 (6.84) (25.29)
-4,663 4.59 (254.60) (25.25)
-4,342 100.00 403.92 (663.16)
-7,281 15.52 6.16 (137.85)
19,606 7.24 1.46 (48.35)

19,738 7.03 2.75 (47.78)

-132 21.25 (74.76) (184.08)