Hikari Business Form Income Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2010	FY 2009	FY 2008	FY 2007	FY 2006
Period Ending	Dec '10 Dec 31, 2010	Dec '09 Dec 31, 2009	Dec '08 Dec 31, 2008	Dec '07 Dec 31, 2007	Dec '06 Dec 31, 2006
Revenue	6,833	7,001	7,643	7,002	6,684
Revenue Growth (YoY)	-2.40%	-8.40%	9.14%	4.77%	0.24%
Cost of Revenue	5,248	5,103	5,248	4,867	4,621
Gross Profit	1,585	1,898	2,395	2,135	2,062
Selling, General & Admin	1,133	1,179	1,163	1,171	1,198
Other Operating Expenses	33.74	34.85	50.46	34	30.53
Operating Expenses	1,204	1,248	1,265	1,266	1,266
Operating Income	380.53	649.57	1,129	869.64	795.93
Interest Expense	-20.65	-18.74	-15.86	-13.33	-4.82
Interest & Investment Income	10.23	11.69	13.02	10.47	10.22
Other Non Operating Income (Expenses)	4.8	12.52	11.47	16.12	11.85
EBT Excluding Unusual Items	374.9	655.05	1,138	882.9	813.17
Gain (Loss) on Sale of Investments	-2.4	-9.18	-47.79	6.26	12.88
Gain (Loss) on Sale of Assets	-3.11	1.27	-2.82	-2.55	-1.06
Asset Writedown	-1.59	-3.63	-56.57	-10.33	-38.83
Other Unusual Items	27.5	-1.99	-52.87	-27.19	1.8
Pretax Income	409.92	645.33	992.3	854.17	789.71
Income Tax Expense	309.75	290.8	433.84	382.55	353.19
Net Income	100.17	354.53	558.46	471.61	436.53
Net Income to Common	100.17	354.53	558.46	471.61	436.53
Net Income Growth	-71.75%	-36.52%	18.41%	8.04%	-10.05%
Shares Outstanding (Basic)	6	6	6	6	6
Shares Outstanding (Diluted)	6	6	6	6	6
Shares Change (YoY)	-0.05%	-0.03%	-0.02%	-0.02%	-0.02%
EPS (Basic)	17.29	61.16	96.30	81.31	75.25
EPS (Diluted)	17.29	61.16	96.30	81.31	75.25
EPS Growth	-71.73%	-36.49%	18.44%	8.06%	-4.32%
Free Cash Flow	383.42	-2.43	562.2	88.43	-381.92
Free Cash Flow Per Share	66.17	-0.42	96.95	15.25	-65.84
Dividend Per Share	15.000	30.000	48.000	41.000	27.000
Dividend Growth	-50.00%	-37.50%	17.07%	51.85%	-
Gross Margin	23.19%	27.11%	31.33%	30.50%	30.85%
Operating Margin	5.57%	9.28%	14.78%	12.42%	11.91%
Profit Margin	1.47%	5.06%	7.31%	6.73%	6.53%
Free Cash Flow Margin	5.61%	-0.03%	7.36%	1.26%	-5.71%
EBITDA	714.92	989.45	1,387	1,020	935.49
EBITDA Margin	10.46%	14.13%	18.15%	14.56%	14.00%
D&A For EBITDA	334.4	339.88	257.47	150.14	139.57
EBIT	380.53	649.57	1,129	869.64	795.93
EBIT Margin	5.57%	9.28%	14.78%	12.42%	11.91%
Effective Tax Rate	75.56%	45.06%	43.72%	44.79%	44.72%
Revenue as Reported	6,833	7,001	7,643	7,002	6,684

Updated Feb 15, 2011. Source: S&P Global Market Intelligence. Standard template. Financial Sources.