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
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
Cash & Equivalents	1,201	1,625	1,179	1,189	1,099	1,676
Short-Term Investments	592.68	643.91	578.12	779.75	531.12	631.15
Cash & Short-Term Investments	1,793	2,269	1,757	1,969	1,630	2,307
Cash Growth	-20.43%	29.15%	-10.76%	20.78%	-29.34%	-
Accounts Receivable	178.91	340.49	321.79	389.72	283.05	444.32
Receivables	178.91	340.49	321.79	389.72	283.05	444.32
Inventory	1,485	1,739	1,975	2,451	3,143	3,962
Prepaid Expenses	-	39.22	39.4	40.37	39.75	41.09
Other Current Assets	575.65	169.64	199.81	178.87	184.53	152.07
Total Current Assets	4,033	4,608	4,342	5,092	5,309	6,949
Property, Plant & Equipment	1,749	1,635	1,344	1,361	1,357	1,332
Long-Term Investments	-	298.67	254.14	277.25	564.81	176.13
Other Intangible Assets	219.2	286.34	374.84	444.48	424.04	397.57
Long-Term Deferred Tax Assets	-	105.8	279.88	258.89	237.14	199.59
Other Long-Term Assets	3,283	2,355	2,983	2,843	3,034	1,725
Total Assets	10,073	10,284	10,856	11,921	10,939	10,781
Accounts Payable	97.7	201.36	230.25	349.51	198.08	268.26
Accrued Expenses	16.23	160.52	131.7	165.45	156.1	124.82
Short-Term Debt	880	549	523.6	824.44	701	673.14
Current Portion of Long-Term Debt	2,156	2,316	2,220	2,321	2,252	1,980
Current Income Taxes Payable	-	192.36	150.48	248.58	33.4	201.78
Current Unearned Revenue	-	425.72	442.82	518.89	542.5	671.92
Other Current Liabilities	761.38	53.02	89.93	116.92	37.79	22.95
Total Current Liabilities	3,912	3,898	3,789	4,544	3,921	3,943
Long-Term Debt	2,315	2,251	2,824	3,304	3,138	3,345
Pension & Post-Retirement Benefits	333.68	316.02	265.7	216.49	136.88	134.74
Other Long-Term Liabilities	0.3	0.3	32.84	33.71	53.49	119.83
Total Liabilities	6,560	6,465	6,912	8,099	7,249	7,542
Common Stock	1,307	1,307	1,307	1,307	1,307	1,089
Additional Paid-In Capital	958.08	958.08	958.08	958.08	958.08	740.1
Retained Earnings	1,389	1,663	1,861	1,693	1,491	1,412
Treasury Stock	-113.25	-91.63	-45.9	-2.88	-2.47	-2.01
Comprehensive Income & Other	-27.75	-17.46	-136.5	-133.61	-63.91	0
Shareholders' Equity	3,513	3,819	3,944	3,822	3,690	3,239
Total Liabilities & Equity	10,073	10,284	10,856	11,921	10,939	10,781
Total Debt	5,351	5,116	5,568	6,449	6,091	5,998
Net Cash (Debt)	-3,558	-2,847	-3,811	-4,481	-4,460	-3,691
Net Cash Per Share	-538.56	-426.33	-558.08	-652.76	-658.76	-583.60
Filing Date Shares Outstanding	6.56	6.62	6.74	6.86	6.87	6.41
Total Common Shares Outstanding	6.56	6.62	6.74	6.86	6.87	6.41
Working Capital	120.96	709.23	553.45	547.04	1,388	3,006
Book Value Per Share	535.14	576.67	585.43	556.76	537.49	505.59
Tangible Book Value	3,294	3,533	3,569	3,377	3,266	2,841
Tangible Book Value Per Share	501.75	533.44	529.79	492.00	475.72	443.53
Land	1,081	1,013	1,013	1,013	1,013	1,013
Buildings	-	682.12	680.08	666.18	630.9	579.22
Machinery	-	260.44	248.36	225.48	170.11	154.83
Construction In Progress	-	322.18	-	-	-	-
Order Backlog	-	533.31	-	-	-	-

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