RION-Financial Information

Summary of Financial Data

1.Transition of Major Consolidated Management Index

Business Period	86th	87th	88th	89th	90th
Ending Month	Mar-2007	Mar-2008	Mar-2009	Mar-2010	Mar-2011
Net sales (K¥)	19,300,104	19,190,845	17,077,101	16,100,878	16,691,948
Ordinary income (K¥)	1,284,441	1,025,780	286,959	674,593	1,304,443
Net income or Net loss (K¥)	512,878	435,461	∆514,778	371,832	777,770
Comprehensive income (K¥)	-	-	-	-	764,411
Net assets (K¥)	10,029,519	10,321,251	9,668,377	9,935,268	10,553,915
Total assets (K¥)	24,034,338	23,657,064	22,330,471	22,031,758	22,453,082
Net assets per share (¥)	996.17	993.58	923.00	948.00	1,006.46
Net income per share or Net loss per share (¥)	51.02	42.59	∆49.18	35.50	74.25
Net income per share after adjustment of latent share (¥)	49.34	41.62	-	-	74.15
Equity ratio (%)	41.7	43.6	43.3	45.1	47.0
Return of equity (%)	5.2	4.3	∆5.2	3.8	7.6
Price earning ratio	14.9	13.9	-	14.5	7.6
Cash flows from operating activities (K¥)	1,157,755	1,221,676	1,499,259	1,724,402	1,591,073
Cash flows from investing activities(K¥)	∆853,384	∆796,833	∆596,567	∆776,366	∆585,115
Cash flows from financing activities (K¥)	∆464,637	∆439,305	∆229,327	∆1,152,735	∆490,981
Ending balance of cash and cash equivalents (K¥)	935,022	920,560	1,593,923	1,389,224	1,904,200
Employees	852	842	839	831	801

2.Consolidated Balance Sheets

(K¥)

consolidated accounting period		Previous period (March 31, 2010)	Latest period (March 31, 2011)
ASSETS
Current Assets
	Cash on hand and in banks	1,572,852	2,078407
	Notes and accounts receivable	5,069,215	5,122,895
	Inventories assets	2,818,195	2,877129
	Prepaid expense	131,343	126,875
	Accounts due	239,599	110,094
	Deferred tax assets	531,905	581,535
	Others	39,679	48,091
	Allowance for doubtful accounts	∆81,748	∆57,322
	Total Current Assets	10,321,043	10,887,707
Fixed Assets
	Tangible fixed assets
	Buildings and structures	2,338,764	2,199,245
	Machinery and transportation equipment	340,745	271,478
	Tools, equipment and fixtures	572,657	449,533
	Land	6,005,160	6,184,531
	Construction in progress	16,201	80,944
	Others	6,874	5,346
	Total tangible fixed assets	9,280,402	9,191,130
	Intangible assets
	Software	456,730	291,322
	Software in progress	65,956	170,255
	Others	22,015	18,199
	Total intangible assets	544,702	479,788
	Investment and other assets
	Investment in securities	510,935	469,751
	Long-term loan	67,327	96,018
	Long-term prepaid expenses	43,675	23,750
	Deposits and security money	191,907	179,580
	Deferred tax assets	873,214	944,814
	Others	239,974	238,129
	Allowance for doubtful accounts	∆41,425	∆57,588
	Total investment and other assets	1,885,610	1,894,456
Total fixed Assets		11,710,715	11,565,375
Total assets		22,031,758	22,453,082

(K¥)

consolidated accounting period		Previous period (March 31, 2010)	Latest period (March 31, 2011)
LIABILITIES
	Current Liabilities
	Notes and accounts payable	1,137,215	1,035,493
	1 year bonds to be redeemed	780,000	860,000
	Short-term borrowings	902,180	815,380
	Income tax payable	329,098	442,341
	Consumption tax, etc. payable	49,569	23,274
	Accrued expenses	177,857	179,644
	Provision for bonuses	700,951	719,130
	Provision for product warranties	135,724	145,534
	Provision for sales returns	49,788	46,793
	Others	99,058	87,992
	Total current liabilities	4,361,443	4,355,585
	Fixed liabilities
	Bonds	1,620,000	1,560,000
	Long-term loans payble	1,608,075	1,342,695
	Provision for retirement benefits	2,324,115	2,459,623
	Relating to the revaluation of deferred tax liabilities	2,081,324	2,081,324
	Others	101,530	99,937
	Total fixed liabilities	7,735,045	7,543,581
Total liabilities		12,096,489	11,899,167
Net Assets
	Shareholdders' equity
	Capital stock	1,284,976	1,284,976
	Capital surplus	1,708,474	1,708,474
	Retained earning	3,828,336	4,448,982
	Treasury stock	∆10,071	∆10,071
	Total shareholdders' equity	6,811,715	7,432,361
	Valuation and translation adjustments
	Valuation difference on available for sale securities	95,326	82,492
	Revaluation reserve for land	3,030,089	3,030,089
	Foreign currency translation adjustment	∆1,862	∆2,387
	Total Valuation and translation adjustments	3,123,553	3,110,195
Stock acquisition rights		-	11,358
Total net assets		9,935,268	10,553,915
Total liabilities and net assets		22,031,758	22,453,082

3.Consolidated Profit and Loss statement

(K¥)

consolidated accounting period		Previous period ( March 31, 2010)	Latest period ( March 31, 2011)
Net sales		16,100,878	16,691,948
Cost of sales		8,955,137	8,364,241
Total sales profit		7,145,740	8,327,707
Sales and common expenses
	Personnel expenses	2,803,731	3,224,898
	Allowance for doubtful accounts to transfer	24,459	-
	Allowance for bonuses to transfer	333,295	343,120
	Retirement benefit costs	301,861	343,035
	Research and development expenses	756,716	817,814
	Others	2,159,034	2,260,712
	Total sales and common expenses	6,379,098	6,989,580
Operating income		766,641	1,338,127
	Non-operating income
	Interest income	3,657	5,164
	Dividends income	7,935	9,195
	Rent income	31,855	32,248
	Investment profit on equity method	1,368	999
	Subsidy income	12,000	7,435
	Insurance income	12,919	12,903
	Concellation insurance refund	-	12,684
	Appraisal profit on investment securities	591	-
	Others	23,102	18,470
	Total non-operating income	93,430	99,101
Non-operating expenses
	Interest expense	83,556	70,298
	Loss on valuation of investories	26,305	-
	Loss on investment in partnership	6,277	3,369
	Others	69,339	59,116
	Total non-operating expenses	185,478	132,785
Ordinary income		674,593	1,304,443
Special profit
	Reversal of allowance for douhtful accounts	-	4,592
	Gain on sale of shares in affiliates	9,440	-
	Total special profit	9,440	4,592
Special loss
	Loss on disposal of fixed assets	9,733	17,192
	Loss on sale of fixed assets	897	163
	Appraisal loss on investment securities	25,299	1,253
	Loss on valuation of inventories	-	2,425
	Businesses lose	73,043	-
	Appraisal loss on other investments	-	9,786
	Total special loss	108,974	30,821
Income before income taxes		575,058	1,278,214
Income taxes-current		348,168	610,958
Income taxes-deferred		∆144,941	∆110,513
Total income taxes		203,226	500,444
Minority interest income before net income		-	777,770
Net income		371,832	777,770