Toho System Science Income Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2011	FY 2010	FY 2009	FY 2008	FY 2007
Period Ending	Mar '11 Mar 31, 2011	Mar '10 Mar 31, 2010	Mar '09 Mar 31, 2009	Mar '08 Mar 31, 2008	Mar '07 Mar 31, 2007
Revenue	7,612	7,304	8,112	7,752	7,004
Revenue Growth (YoY)	4.22%	-9.96%	4.65%	10.68%	19.44%
Cost of Revenue	6,656	6,040	6,446	6,137	5,506
Gross Profit	956	1,264	1,667	1,615	1,498
Selling, General & Admin	879	849.25	745.02	708.68	680.75
Amortization of Goodwill & Intangibles	53	53.14	-	-	-
Operating Expenses	952	907.31	748.39	713.12	685.46
Operating Income	4	356.48	918.29	902.23	812.72
Interest Expense	-	-	-	-0.04	-0.76
Interest & Investment Income	3	3.87	3.16	3.39	5.64
Other Non Operating Income (Expenses)	4	3	2.78	2.38	4.04
EBT Excluding Unusual Items	11	363.35	924.23	907.96	821.63
Merger & Restructuring Charges	-	-21.23	-	-	-
Gain (Loss) on Sale of Investments	-	-27.75	-	7	-
Gain (Loss) on Sale of Assets	-3	-	-	-	-
Asset Writedown	-1	-2.08	-15.51	-1.85	-1.62
Other Unusual Items	-12	-	1.13	-	-9.69
Pretax Income	-5	312.6	910.15	913.69	810.32
Income Tax Expense	31	160.35	400.52	399.77	343.78
Net Income	-36	152.25	509.63	513.92	466.54
Net Income to Common	-36	152.25	509.63	513.92	466.54
Net Income Growth	-	-70.13%	-0.83%	10.15%	25.48%
Shares Outstanding (Basic)	21	21	18	18	18
Shares Outstanding (Diluted)	21	21	18	18	18
Shares Change (YoY)	-0.33%	12.63%	1.05%	-1.10%	-0.04%
EPS (Basic)	-1.75	7.36	27.74	28.27	25.38
EPS (Diluted)	-1.75	7.36	27.74	28.27	25.38
EPS Growth	-	-73.48%	-1.87%	11.38%	33.12%
Free Cash Flow	-46	45	499.85	619.72	752.64
Free Cash Flow Per Share	-2.23	2.17	27.21	34.09	40.94
Dividend Per Share	5.667	5.667	5.667	5.000	3.333
Dividend Growth	-	-	13.33%	50.00%	-
Gross Margin	12.56%	17.30%	20.54%	20.84%	21.39%
Operating Margin	0.05%	4.88%	11.32%	11.64%	11.60%
Profit Margin	-0.47%	2.08%	6.28%	6.63%	6.66%
Free Cash Flow Margin	-0.60%	0.62%	6.16%	7.99%	10.75%
EBITDA	68	420.06	926.63	911.8	824.02
EBITDA Margin	0.89%	5.75%	11.42%	11.76%	11.77%
D&A For EBITDA	64	63.59	8.34	9.57	11.3
EBIT	4	356.48	918.29	902.23	812.72
EBIT Margin	0.05%	4.88%	11.32%	11.64%	11.60%
Effective Tax Rate	-	51.30%	44.01%	43.75%	42.43%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.