Tokyo Kaikan Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2012	FY 2011	FY 2010	FY 2009	FY 2008
Period Ending	Mar '12 Mar 31, 2012	Mar '11 Mar 31, 2011	Mar '10 Mar 31, 2010	Mar '09 Mar 31, 2009	Mar '08 Mar 31, 2008
Revenue	9,657	9,993	10,333	10,769	11,701
Revenue Growth (YoY)	-3.36%	-3.29%	-4.04%	-7.96%	-0.90%
Cost of Revenue	8,606	8,725	9,066	9,418	9,961
Gross Profit	1,051	1,268	1,267	1,351	1,740
Selling, General & Admin	919	1,041	1,093	1,079	1,105
Amortization of Goodwill & Intangibles	-	-	-	-	16
Other Operating Expenses	45	49	50.66	48.94	54.55
Operating Expenses	998	1,134	1,196	1,177	1,222
Operating Income	53	134	71.72	173.98	517.72
Interest Expense	-6	-6	-5.74	-6.81	-6.94
Interest & Investment Income	17	18	33.39	67.65	29.99
Other Non Operating Income (Expenses)	23	20	6.18	11.57	5.39
EBT Excluding Unusual Items	87	166	105.55	246.4	546.16
Merger & Restructuring Charges	-	-	26.7	-31	-
Gain (Loss) on Sale of Investments	-135	-	-	-	12.54
Gain (Loss) on Sale of Assets	-11	-10	-11.45	-15.93	-19.94
Asset Writedown	-143	-16	-24.61	-157.63	-19.26
Other Unusual Items	-9	-78	45.03	91.68	-
Pretax Income	-211	62	141.21	133.53	519.51
Income Tax Expense	149	45	75.37	40.5	377.36
Net Income	-360	17	65.84	93.03	142.15
Net Income to Common	-360	17	65.84	93.03	142.15
Net Income Growth	-	-74.18%	-29.23%	-34.55%	-31.32%
Shares Outstanding (Basic)	3	3	3	3	3
Shares Outstanding (Diluted)	3	3	3	3	3
Shares Change (YoY)	-0.01%	-0.03%	-1.26%	-0.80%	-0.06%
EPS (Basic)	-107.65	5.08	19.68	27.46	41.62
EPS (Diluted)	-107.65	5.08	19.68	27.46	41.62
EPS Growth	-	-74.17%	-28.33%	-34.02%	-31.28%
Free Cash Flow	33	86	7.65	216.04	116.69
Free Cash Flow Per Share	9.87	25.71	2.29	63.76	34.16
Dividend Per Share	25.000	25.000	25.000	25.000	25.000
Gross Margin	10.88%	12.69%	12.26%	12.55%	14.87%
Operating Margin	0.55%	1.34%	0.69%	1.62%	4.42%
Profit Margin	-3.73%	0.17%	0.64%	0.86%	1.21%
Free Cash Flow Margin	0.34%	0.86%	0.07%	2.01%	1.00%
EBITDA	535	614	536.7	619.15	969.29
EBITDA Margin	5.54%	6.14%	5.19%	5.75%	8.28%
D&A For EBITDA	482	480	464.99	445.17	451.57
EBIT	53	134	71.72	173.98	517.72
EBIT Margin	0.55%	1.34%	0.69%	1.62%	4.42%
Effective Tax Rate	-	72.58%	53.38%	30.33%	72.64%
Advertising Expenses	27	17	16.9	21.7	33.78

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