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Consolidated Statements of Income

Yen
(millions)
U.S. dollars
(millions)




FY 1999 FY 1998 Change (%) FY 1999





Net Sales Y 5,255,102 Y 5,242,986    +0.2 $ 49,576
Operating costs and expenses:
Cost of goods sold
Selling, general and
 administrative expenses
[Amortization of goodwill]
3,796,919

1,308,209
[27,621]
3,776,886

1,333,813
[21,754]
   +0.5

   -1.9
[+27.0]
35,820

12,341
[261]




5,105,128 5,110,699 48,161




Operating income 149,974 132,287 +13.4 1,415
Other income (expenses):
Interest and dividend income
Equity in earnings of
 affiliated companies, net
Interest charges
Other, net
12,583

17,025
(49,505)
(55,220)
12,499

22,475
(58,240)
(59,396)
119

160
(467)
(521)




(75,117) (82,662)    +9.1 (709)




Income before income taxes 74,857 49,625  +50.8 706
Income taxes 28,379 54,679   -48.1 268
Minority interests (3,744) (8,584)   -56.4 (35)
Net income (loss) Y 42,734 Y (13,638) - $ 403




Supplementary information
R & D expenditure Y 401,057 Y 395,063    +1.5 $ 3,784
Number of employees 188,000 188,000 -

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