| Years ended December 31; | 2005
|
2006
|
2007
|
2008
|
2009
|
|
| PDF file |  (433KB) |
(243KB) |
(482KB) |
(268KB) |
(275KB) |
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| Years
ended December 31; Thousands of yen |
2005
|
2006
|
2007
|
2008
|
2009 |
Change 2009/2005 |
| Net sales | 7,123,035
|
7,785,851
|
7,644,859
|
7,845,556
|
8,102,194 |
114% |
| Ordinary profit | 737,929
|
694,232
|
665,875
|
594,546
|
448,168 |
61% |
| Net income | 389,454
|
348,430
|
337,950
|
332,058
|
268,361 |
69% |
| Common stock | 674,265
|
674,265
|
674,265
|
674,265
|
674,265 |
100% |
| Shares outstanding | 5,104,003
|
5,104,003
|
5,104,003
|
5,104,003
|
5,104,003 |
100% |
| Net assets | 7,173,742
|
7,329,569
|
7,478,239
|
7,618,476
|
7,737,594 |
108% |
| Total assets | 14,720,104
|
15,155,100
|
15,198,789
|
16,357,462
|
16,330,742 |
111% |
| Net assets per share(Yen) | 1,431.14
|
1,451.79
|
1,477.79
|
1,449.63
|
1,522.27 |
106% |
| Dividends per share (Yen) | 25.00
|
25.00
|
25.00
|
25.00
|
25.00 |
100% |
| Net income per share (Yen) | 70.03
|
69.39
|
66.92
|
65.71
|
53.06 |
76% |
| Net income per share, fully diluted (Yen) | 69.57
|
68.91
|
66.75
|
65.62
|
- |
|
| Dividend payout ratio (%) | 32.0
|
36.2
|
37.4
|
38.0
|
47.1 |
|
| Net cash provided by operating activities | 405,532
|
473,220
|
945,337
|
762,274
|
1,109,749 |
|
| Net cash used in investing activities | (557,080)
|
(1,255,581)
|
(325,742)
|
(1,900,182)
|
(397,396) |
|
| Net cash used in financing activities | (215,522)
|
404,106
|
(116,993)
|
847,578
|
(663,976) |
|
| Cash and cash equivalents at end of term | 1,783,636
|
1,405,382
|
1,907,983
|
1,617,654
|
1,666,031 |
|
| Employees | 201
|
206
|
209
|
218
|
219 |
109% |
| Figures are rounded to the nearest thousand yen for fiscal years up to and including the year ended December 31, 2005, but rounded down thereafter. | ||||||
| Percent | 2005
|
2006
|
2007
|
2008
|
2009
|
||
| Net income / net sales (%) | 5.5
|
4.5
|
4.4
|
4.2
|
3.3 |
||
| Peers | 2.1
|
2.0
|
0.3
|
(0.4)
|
(8.8) |
||
|
|
|||||||
| Ordinary profit / net sales (%) | 10.4
|
8.9
|
8.7
|
7.6
|
5.5 |
||
| Peers | 5.6
|
5.8
|
3.8
|
2.3
|
(2.6) |
||
|
|
|||||||
| Net income / equity (%) | 5.4
|
4.8
|
4.5
|
4.4
|
3.5 |
||
| Peers | 5.0
|
5.8
|
0.6
|
0.8
|
(22.6) |
||
|
|
|||||||
| Net income / assets (%) | 2.6
|
2.3
|
2.2
|
2.0
|
1.6 |
||
| Peers | 2.3
|
2.5
|
0.9
|
(0.2)
|
(5.5) |
||
| Ordinary profit / assets (%) | 5.0
|
4.6
|
4.4
|
3.6
|
2.7 |
||
| Peers | 5.8
|
6.5
|
4.2
|
2.7
|
(0.9) |
||
| Equity / assets (%) | 48.7
|
48.4
|
49.1
|
46.4
|
47.1 |
||
| Peers | 47.5
|
49.8
|
49.6
|
48.9
|
46.5 |
||
| Peers include 31 companies in the other products sector on the Jasdaq Securities Exchange. | |||||||
| Nonconsolidated statement of cash flows | ||||
| Years ended December 31; Thousands of yen | 2007
|
2008
|
2009
|
|
Net
cash provided by operating activities |
||||
| Net income before taxes and other adjustments | 596,369
|
570,924
|
458,530 |
|
| Depreciation | 544,106
|
502,448
|
529,004 |
|
| Losses on disposal of fixed assets | 44,796
|
23,393
|
3,627 |
|
| Increase (decrease) in allowance for doubtful accounts | 12,000
|
(54,000)
|
- |
|
| Losses (gains) on sales of tangible fixed assets | -
|
-
|
(341) |
|
| Compensation for removals | -
|
-
|
(31,854) |
|
| Losses on valuation of investment securities | -
|
5,876
|
6,546 |
|
| Increase (decrease) in retirement benefits | (64,625)
|
22,578
|
227,884 |
|
| Increase (decrease) in directors' and corporate auditors' retirement allowances | 23,400
|
(1,800)
|
45,600 |
|
| Increase (decrease) in reserve for bonuses | (25,000)
|
(4,000)
|
(12,000) |
|
| Increase (decrease) in reserve for directors' and corporate auditors' bonuses | (6,000)
|
(5,000)
|
(3,700) |
|
| Increase (decrease) in reserve for product recall expenses | - |
- |
37,247 |
|
| Interest and dividend income | (7,146)
|
(8,644)
|
(4,810) |
|
| Interest expenses | 57,774
|
72,894
|
77,330 |
|
| Interest expenses on bonds | 25,252
|
23,190
|
23,190 |
|
| Decrease (increase) in notes and accounts receivable | 52,963
|
(126,448)
|
(15,911) |
|
| Decrease (increase) in inventory | 23,086
|
(707)
|
136,994 |
|
| Increase (decrease) in notes and accounts payable | 18,270
|
17,684
|
7,657 |
|
| Increase (decrease) in consumption tax payable | 47,055
|
(31,911)
|
8,612 |
|
| Others | 18,904
|
45,883
|
(28,656) |
|
1,361,207
|
1,052,362
|
1,464,951 |
||
| Interest and dividend income | 7,081
|
8,748
|
4,811 |
|
| Interest expenses | (91,702)
|
(96,583)
|
(108,041) |
|
| Income tax and others | (331,249)
|
(202,253)
|
(251,970) |
|
945,337
|
762,274
|
1,109,749 |
||
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