Fiscal Year 1999 Half-Year Financial Results

Unconsolidated Statements of Income

Yen
(millions)

U.S. dollars
(millions)

1st Half
FY1999

1st Half
FY1998

Change (%)

FY1998

1st Half
FY1999

Net sales

Y 1,448,622

Y 1,418,818

2.1

Y 3,191,146

$ 13,538

Operating costs and expenses:

Cost of goods sold
Selling, general and
administrative expenses

1,089,840

329,516

1,070,289

345,827

1.8

-4.7

2,442,130

709,152

10,185

3,079

1,419,357

1,416,116

3,151,283

13,265

Operating income

29,265

2,701

983.2

39,863

273

Other income (expenses):

Interest and dividend income
Interest charges
Other, net

12,627
(12,977)
(22,902)

12,987
(15,635)
9,012

25,101
(30,223)
(56,045)

118
(121)
(214)

(23,252)

6,364

(61,167)

(217)

Income (Loss)
before income taxes

6,013

9,066

-33.7

(21,304)

Income taxes

(1,400)

2,100

76.2

200

(13)

Net income (Loss)

Y 7,413

Y 6,966

6.4

Y (21,504)

$ 69