Nichiryoku Balance Sheet

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2010	FY 2009	FY 2008	FY 2007	FY 2006	2004 - 2005
Period Ending	Dec '10 Dec 31, 2010	Mar '10 Mar 31, 2010	Mar '09 Mar 31, 2009	Mar '08 Mar 31, 2008	Mar '07 Mar 31, 2007	Mar '06 Mar 31, 2006	2004 - 2005
Cash & Equivalents	1,201	1,625	1,179	1,189	1,099	1,676	Upgrade
Short-Term Investments	592.68	643.91	578.12	779.75	531.12	631.15	Upgrade
Cash & Short-Term Investments	1,793	2,269	1,757	1,969	1,630	2,307	Upgrade
Cash Growth	-20.43%	29.15%	-10.76%	20.78%	-29.34%	-	Upgrade
Accounts Receivable	178.91	340.49	321.79	389.72	283.05	444.32	Upgrade
Receivables	178.91	340.49	321.79	389.72	283.05	444.32	Upgrade
Inventory	1,485	1,739	1,975	2,451	3,143	3,962	Upgrade
Prepaid Expenses	-	39.22	39.4	40.37	39.75	41.09	Upgrade
Other Current Assets	575.65	169.64	199.81	178.87	184.53	152.07	Upgrade
Total Current Assets	4,033	4,608	4,342	5,092	5,309	6,949	Upgrade
Property, Plant & Equipment	1,749	1,635	1,344	1,361	1,357	1,332	Upgrade
Long-Term Investments	-	298.67	254.14	277.25	564.81	176.13	Upgrade
Other Intangible Assets	219.2	286.34	374.84	444.48	424.04	397.57	Upgrade
Long-Term Deferred Tax Assets	-	105.8	279.88	258.89	237.14	199.59	Upgrade
Other Long-Term Assets	3,283	2,355	2,983	2,843	3,034	1,725	Upgrade
Total Assets	10,073	10,284	10,856	11,921	10,939	10,781	Upgrade
Accounts Payable	97.7	201.36	230.25	349.51	198.08	268.26	Upgrade
Accrued Expenses	16.23	160.52	131.7	165.45	156.1	124.82	Upgrade
Short-Term Debt	880	549	523.6	824.44	701	673.14	Upgrade
Current Portion of Long-Term Debt	2,156	2,316	2,220	2,321	2,252	1,980	Upgrade
Current Income Taxes Payable	-	192.36	150.48	248.58	33.4	201.78	Upgrade
Current Unearned Revenue	-	425.72	442.82	518.89	542.5	671.92	Upgrade
Other Current Liabilities	761.38	53.02	89.93	116.92	37.79	22.95	Upgrade
Total Current Liabilities	3,912	3,898	3,789	4,544	3,921	3,943	Upgrade
Long-Term Debt	2,315	2,251	2,824	3,304	3,138	3,345	Upgrade
Other Long-Term Liabilities	0.3	0.3	32.84	33.71	53.49	119.83	Upgrade
Total Liabilities	6,560	6,465	6,912	8,099	7,249	7,542	Upgrade
Common Stock	1,307	1,307	1,307	1,307	1,307	1,089	Upgrade
Additional Paid-In Capital	958.08	958.08	958.08	958.08	958.08	740.1	Upgrade
Retained Earnings	1,389	1,663	1,861	1,693	1,491	1,412	Upgrade
Treasury Stock	-113.25	-91.63	-45.9	-2.88	-2.47	-2.01	Upgrade
Comprehensive Income & Other	-27.75	-17.46	-136.5	-133.61	-63.91	0	Upgrade
Shareholders' Equity	3,513	3,819	3,944	3,822	3,690	3,239	Upgrade
Total Liabilities & Equity	10,073	10,284	10,856	11,921	10,939	10,781	Upgrade
Total Debt	5,351	5,116	5,568	6,449	6,091	5,998	Upgrade
Net Cash (Debt)	-3,558	-2,847	-3,811	-4,481	-4,460	-3,691	Upgrade
Net Cash Per Share	-538.56	-426.33	-558.08	-652.76	-658.76	-583.60	Upgrade
Filing Date Shares Outstanding	6.56	6.62	6.74	6.86	6.87	6.41	Upgrade
Total Common Shares Outstanding	6.56	6.62	6.74	6.86	6.87	6.41	Upgrade
Working Capital	120.96	709.23	553.45	547.04	1,388	3,006	Upgrade
Book Value Per Share	535.14	576.67	585.43	556.76	537.49	505.59	Upgrade
Tangible Book Value	3,294	3,533	3,569	3,377	3,266	2,841	Upgrade
Tangible Book Value Per Share	501.75	533.44	529.79	492.00	475.72	443.53	Upgrade
Land	1,081	1,013	1,013	1,013	1,013	1,013	Upgrade
Buildings	-	682.12	680.08	666.18	630.9	579.22	Upgrade
Machinery	-	260.44	248.36	225.48	170.11	154.83	Upgrade
Construction In Progress	-	322.18	-	-	-	-	Upgrade
Order Backlog	-	533.31	-	-	-	-	Upgrade

Updated Feb 14, 2011. Source: S&P Global Market Intelligence. Standard template. Financial Sources.