Marche 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	13,501	16,171	17,658	18,559	19,784
Revenue Growth (YoY)	-16.51%	-8.42%	-4.86%	-6.19%	-
Cost of Revenue	5,394	6,230	6,832	6,957	7,338
Gross Profit	8,107	9,941	10,826	11,602	12,446
Selling, General & Admin	7,657	9,750	10,608	10,984	11,436
Operating Expenses	7,657	9,756	10,632	11,049	11,437
Operating Income	450	184.87	193.34	553.3	1,010
Interest Expense	-10	-19.86	-4.76	-9.4	-14.09
Interest & Investment Income	3	6.16	5.02	12.19	8.75
Currency Exchange Gain (Loss)	-	-0.06	-0.36	10.76	-
Other Non Operating Income (Expenses)	43	41.13	22.43	18.34	24.53
EBT Excluding Unusual Items	486	212.25	215.67	585.19	1,029
Gain (Loss) on Sale of Investments	3	-	3	-39.26	2.25
Gain (Loss) on Sale of Assets	8	11.39	126.82	-8.5	-38
Asset Writedown	-172	-977.34	-191.9	-1,204	-264.83
Other Unusual Items	-111	-367.81	48.11	7.92	15.93
Pretax Income	214	-1,121	223.5	-658.78	750.17
Income Tax Expense	-23	435.11	132.82	357.17	415.61
Net Income	237	-1,556	90.69	-1,016	334.56
Net Income to Common	237	-1,556	90.69	-1,016	334.56
Shares Outstanding (Basic)	8	8	8	8	8
Shares Outstanding (Diluted)	8	8	8	8	8
Shares Change (YoY)	-0.00%	-0.00%	-0.00%	-0.00%	-
EPS (Basic)	28.22	-185.24	10.80	-120.94	39.83
EPS (Diluted)	28.22	-185.24	10.80	-120.94	39.83
Free Cash Flow	397	375.52	-328.77	-11.85	-79.9
Free Cash Flow Per Share	47.26	44.70	-39.14	-1.41	-9.51
Dividend Per Share	20.000	12.000	24.000	24.000	24.000
Dividend Growth	66.67%	-50.00%	-	-	-
Gross Margin	60.05%	61.47%	61.31%	62.51%	62.91%
Operating Margin	3.33%	1.14%	1.09%	2.98%	5.10%
Profit Margin	1.75%	-9.62%	0.51%	-5.47%	1.69%
Free Cash Flow Margin	2.94%	2.32%	-1.86%	-0.06%	-0.40%
EBITDA	768	700.75	806.41	1,270	1,721
EBITDA Margin	5.69%	4.33%	4.57%	6.84%	8.70%
D&A For EBITDA	318	515.88	613.07	716.22	711.3
EBIT	450	184.87	193.34	553.3	1,010
EBIT Margin	3.33%	1.14%	1.09%	2.98%	5.10%
Effective Tax Rate	-	-	59.43%	-	55.40%

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