Financial Summary for FY2011
and Outlook for FY2012

Quarterly Consolidated Financial Results

  • This table shows earnings results for fiscal 2011, based on our quarterly reports.
  • Earnings started to improve from the end of the first half of the fiscal year toward the fiscal year-end, especially in the fourth quarter due to an eventual recovery in income.
  • The main factor behind the rise in SG&A compared with the previous fiscal year was an increase in personnel expenses. I will explain this point later.
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