4.

Consolidated Financial Statements (1) Consolidated Balance Sheets

As of December 31, 2010 and 2011
( ) represents negative figures. Millions of yen

As of December 31, 2010 ASSETS Current assets: Cash and deposits Notes and accounts receivable-trade Merchandise and finished goods Work-in-process Raw materials and supplies Other Allowance for doubtful accounts Total current assets Noncurrent assets: Property, plant and equipment: Buildings and structures, net Machinery, equipment and vehicles, net Land Construction in progress Other, net Total property, plant and equipment Intangible assets Investments and other assets: Investment securities Long-term loans receivable Other Allowance for doubtful accounts Total investments and other assets Total noncurrent assets Total assets As of December 31, 2011 205,362 183,711 136,308 37,423 39,903 43,822 (7,503) 639,028 133,707 166,531 134,215 39,971 39,372 53,705 (6,297) 561,205 83,630 65,610 72,486 12,658 15,935 250,320 4,247 35,316 37,034 13,868 (1,473) 84,745 339,314 978,343 75,072 65,140 75,726 17,936 14,554 248,430 3,469 35,549 36,017 17,344

(1,596) 87,314 339,214 900,420 16

( ) represents negative figures. Millions of yen

As of December 31, 2010 LIABILITIES Current liabilities: Notes and accounts payable-trade Short-term loans payable Current portion of long-term loans payable Income taxes payable Provision for bonuses Provision for product warranties Other provision Other Total current liabilities Noncurrent liabilities: Long-term loans payable Deferred tax liabilities for land revaluation Provision for retirement benefits Provision for product liabilities Other provisions Other Total noncurrent liabilities Total liabilities NET ASSETS Shareholders equity: Capital stock Capital surplus Retained earnings Treasury stock Total shareholders equity Other accumulated comprehensive income: Valuation difference on available-for-sale securities Revaluation reserve for land Foreign currency translation adjustment Total other accumulated comprehensive income Subscription rights to shares Minority interests Total net assets Total liabilities and net assets As of December 31, 2011 125,809 35,455 57,576 8,282 8,800 28,356 1,083 99,765 365,131 229,410 7,009 35,423 20,882 1,529 8,147 302,401 667,533 121,974 42,919 69,398 2,853 9,292 25,112 1,137 93,727 366,415 162,403 6,143 39,611 6,261 1,329 8,341 224,090 590,505 85,666

98,147 199,190 (681) 382,323 2,719 10,186 (120,977) (108,070) 102 36,454 310,809 978,343 85,666 74,582 249,478 (683) 409,044 (1,470) 11,050 (137,860) (128,280) 109 29,042 309,914 900,420 17

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income

Fiscal years ended December 31, 2010 and 2011

(Consolidated Statements of Income)

( ) represents negative figures. Millions of yen

Net sales Cost of sales Gross profit Selling, general and administrative expenses Operating income Non-operating income: Interest income Dividends income Equity in earnings of affiliates Gain on revaluation of sales finance assets Foreign exchange gains Other Total non-operating income Non-operating expenses: Interest expenses Loss on revaluation of sales finance assets Foreign exchange losses Other Total non-operating expenses Ordinary income Extraordinary income: Gain on sales of noncurrent assets Gain on sales of investment securities Gain on transfer of business Total extraordinary income Extraordinary loss: Loss on sales of noncurrent assets Loss on disposal of noncurrent assets Impairment loss Loss on sales of investment securities Loss on cancellation of lease contracts Loss on adjustment for changes of accounting standard for asset retirement obligations Loss on disaster Total extraordinary losses 18 Fiscal year ended December 31, 2010 (January 1 December 31, 2010) 1,294,131 998,565 295,565 244,256 51,308 8,734 676 2,516 4,072 13,071 29,071 8,023 321 5,892 14,238 66,142 544 34 106 685 175 1,038 6,628 3 34

 7,879 Fiscal year ended December 31, 2011 (January 1 December 31, 2011) 1,276,159 1,000,113 276,046 222,640 53,405 8,324 525 3,218 344 11,408 23,821 6,814 3,138 3,779 13,732 63,495 323 323 149 735 776 81 552 316 2,610

( ) represents negative figures. Millions of yen

Income before income taxes Income taxes current Income taxes deferred Total income taxes Income before minority interests Minority interests in income Net income Fiscal year ended December 31, 2010 (January 1 December 31, 2010) 58,947 31,671 126 31,798

Fiscal year ended December 31, 2011 (January 1 December 31, 2011) 61,207 26,477 396 26,873 34,333 7,372 26,960 8,849 18,300 19

(Consolidated Statements of Comprehensive Income)

( ) represents negative figures. Millions of yen

Income before minority interests Other comprehensive income Valuation difference on available-for-sale securities Revaluation reserve for land Foreign currency translation adjustment Share of other comprehensive income of associates accounted for using equity method Total other comprehensive income Comprehensive income Comprehensive income attributable to Comprehensive income attributable to owners of the parent Comprehensive income attributable to minority interests Fiscal year ended December 31, 2010 (January 1 December 31, 2010) Fiscal year ended December 31, 2011 (January 1 December 31, 2011) 34,333 (4,186) 865 (21,968) (386) (25,675) 8,658 6,752 1,905 20

(3) Consolidated Statements of Changes in Net Assets

Fiscal years ended December 31, 2010 and 2011
( ) represents negative figures. Millions of yen

Fiscal year ended December 31, 2010 (January 1 December 31, 2010) Shareholders equity Capital stock Balance at the end of previous period Changes of items during the period Issuance of new shares Total changes of items during the period Balance at the end of current period Capital surplus Balance at the end of previous period Changes of items during the period Issuance of new shares Deficit disposition Disposal of treasury stock Total changes of items during the period Balance at the end of current period Retained earnings Balance at the end of previous period Changes of items during the period Deficit disposition Reversal of revaluation reserve for land Net income Increase in consolidated subsidiaries Decrease in affiliates accounted for by the equity method Total changes of items during the period Balance at the end of current period Treasury stock Balance at the end of previous period Changes of items during the period Purchase of treasury stock Disposal of treasury stock Total changes of items during the period Balance at the end of current period (3) 0 (3) (681) (677) 21 18,300 (12) 18,309 199,190 180,880 37,323 0 37,323 98,147 60,824 37,323 37,323 85,666 48,342 Fiscal year ended December 31, 2011 (January 1 December 31, 2011) 85,666 85,666 98,147

(23,565) 0 (23,565) 74,582 199,190 23,565 1 26,960 (251) 11 50,288 249,478 (681) (2) 0 (2) (683) 21

( ) represents negative figures. Millions of yen

Fiscal year ended December 31, 2010 (January 1 December 31, 2010) Total shareholders equity Balance at the end of previous period Changes of items during the period Issuance of new shares Deficit disposition Reversal of revaluation reserve for land Net income Increase in consolidated subsidiaries Decrease in affiliates accounted for by the equity method Purchase of treasury stock Disposal of treasury stock Total changes of items during the period Balance at the end of current period Other accumulated comprehensive income Valuation difference on available-for-sale securities Balance at the end of previous period Changes of items during the period Net changes of items other than shareholders equity Total changes of items during the period Balance at the end of current period Revaluation reserve for land Balance at the end of previous period Changes of items during the period Net changes of items other than shareholders equity Total changes of items during the period Balance at the end of current period Foreign currency translation adjustment Balance at the end of previous period Changes of items during the period Net changes of items other than shareholders equity Total changes of items during the period Balance at the end of current period (29,757) (29,757) (120,977) (91,220) (21) (21) 10,186 10,208 (1,320) (1,320) 2,719 4,039 74,647 21 18,300 (12) (3) 0 92,953 382,323 289,369 Fiscal year ended December 31, 2011 (January 1 December 31, 2011) 382,323 0 1 26,960 (251) 11 (2) 0

26,720 409,044 2,719 (4,190) (4,190) (1,470) 10,186 863 863 11,050 (120,977) (16,883) (16,883) (137,860) 22

( ) represents negative figures. Millions of yen

Fiscal year ended December 31, 2010 (January 1 December 31, 2010) Other total accumulated comprehensive income Balance at the end of previous period Changes of items during the period Net changes of items other than shareholders equity Total changes of items during the period Balance at the end of current period Subscription rights to shares Balance at the end of previous period Changes of items during the period Net changes of items other than shareholders equity Total changes of items during the period Balance at the end of current period Minority interests Balance at the end of previous period Changes of items during the period Net changes of items other than shareholders equity Total changes of items during the period Balance at the end of current period Total net assets Balance at the end of previous period Changes of items during the period Issuance of new shares Reversal of revaluation reserve for land Net income Increase in consolidated subsidiaries Decrease in affiliates accounted for by the equity method Purchase of treasury stock Disposal of treasury stock Net changes of items other than shareholders equity Total changes of items during the period Balance at the end of current period 74,647 21 18,300 (12) (3) 0 (31,410) 61,543 310,809 249,266 (342) (342) 36,454 36,796 30 30 102 72 (31,099) (31,099) (108,070) (76,971) Fiscal year ended December 31, 2011 (January 1 December 31, 2011) (108,070) (20,209) (20,209) (128,280) 102 6 6 109 36,454 (7,412)

(7,412) 29,042 310,809 1 26,960 (251) 11 (2) 0 (27,615) (895) 309,914 23

(4) Consolidated Statements of Cash Flows

Fiscal years ended December 31, 2010 and 2011
( ) represents negative figures. Millions of yen

Fiscal year ended December 31, 2010 (January 1 December 31, 2010) Net cash provided by (used in) operating activities: Income before income taxes Depreciation and amortization Impairment loss Loss (gain) on transfer of business Increase (decrease) in allowance for doubtful accounts Increase (decrease) in provision for retirement benefits Increase (decrease) in provision for product liabilities Interest and dividends income Interest expenses Equity in (earnings) losses of affiliates Loss (gain) on sales of property, plant and equipment and intangible assets Loss (gain) on disposal of property, plant and equipment and intangible assets Loss (gain) on sales of investment securities Loss on adjustment for changes of accounting standard for asset retirement obligations Decrease (increase) in notes and accounts receivable-trade Decrease (increase) in inventories Increase (decrease) in notes and accounts payable-trade Other Subtotal Interest and dividends income received Interest expenses paid Income taxes (paid) refund Net cash provided by (used in) operating activities 58,947 36,594 6,628 (106) 263 1,513 (2,165) (9,410) 8,023 (2,516) (369) 1,038 (30) (6,774) (8,394) 22,377 6,160 111,779 11,213 (8,613) (9,848) 104,531 Fiscal year ended December 31, 2011 (January 1 December 31, 2011) 61,207 33,578 776 (446) 4,840 (14,429) (8,850) 6,814 (3,218)

(174) 735 81 552 958 (11,229) 5,665 (14,264) 62,578 10,321 (6,691) (32,879) 33,328 24

( ) represents negative figures. Millions of yen

Fiscal year ended December 31, 2010 (January 1 December 31, 2010) Net cash provided by (used in) investing activities: Payments into time deposits Proceeds from withdrawal of time deposits Purchase of property, plant and equipment and intangible assets Proceeds from sales of property, plant and equipment and intangible assets Purchase of investment securities Proceeds from sales of investment securities Payments for long-term loans receivable Collections of long-term loans receivable Proceeds from transfer of business Other Net cash provided by (used in) investing activities Net cash provided by (used in) financing activities: Increase (decrease) in short-term loans payable Proceeds from long-term loans payable Repayment of long-term loans payable Proceeds from issuance of common stock Cash dividends paid to minority shareholders Decrease (increase) in treasury stock Other Net cash provided by (used in) financing activities Effect of exchange rate change on cash and cash equivalents Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Increase in cash and cash equivalents from newly consolidated subsidiary Cash and cash equivalents at end of period (45,711) 21,719 (38,473) 74,647 (6,355) (3) (526) 5,296 (5,605) 66,590 137,219 68 203,878 (3,252) 1,959 (31,867) 2,048 (3) 51 (4,437) 971 250 (3,352) (37,632) Fiscal year ended December 31, 2011 (January 1 December 31, 2011) (1,400) 3,084 (42,550) 1,234 (3,628) 8 (4,940) 2,646 (970) (46,517)

10,335 21,469 (78,274) (4,924) (2) (530) (51,927) (5,266) (70,382) 203,878 97 133,593 25