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Summary of Financial Statements

2009.11.19 updated

Summary of 2nd Quarter Report for Fiscal Year 2009
(April 1, 2009 through September 30, 2009)

(*)Qualification: This is directly translated into English for the convenience of readers, and all financial results with the accounting principles generally accepted in Japan

( Million yen )

[Consolidated] FY2009 First Half FY2008 First Half
Sales 241,226 259,043
Changes from the previous year (%) ▲6.9
Operating income 3,805 2,503
Changes from the previous year (%) 52.0
Ordinary income 3,040 1,115
Changes from the previous year (%) 172.7
Net income 1,031 ▲2,069
Changes from the previous year (%)
Net income per share 3.73yen ▲7.49yen
Total assets 386,164 385,462
Net assets 79,212 72,165
Net assets per share 223.98yen 201.64yen
Dividend 10yen (forecast)
(Interim 5yen,
Final 5yen(forecast))
10yen
(Interim 5yen,
Final 5yen)

Overview of the Year

During the first six months of the current fiscal year, the Japanese economy, despite signs of a recovery in exports and production, remains in austerity as reflected in increasing consumer consciousness on defending livelihoods and sluggish personal consumption due to a significant drop in corporate earnings and the deterioration of employment conditions.

In terms of the global economy, despite a recovery in Asia revolving primarily around China, the U.S. and Europe continued to suffer economic stagnation.

In the industries in which the Company and its corporate group operate, the challenging business environment persisted as sales volume and sales prices fell in the domestic Marine Products business due to sluggish consumption of marine products, while in the domestic Foods business the drop of product prices became pronounced. In the U.S. and Europe, harsh conditions remained as personal consumption continued to be sluggish.

Under these circumstances, as consolidated results for this six-month period, we recorded sales of 241,226 million yen, down 17,816 million yen year-on-year; operating income of 3,805 million yen, up 1,301 million yen year-on-year; ordinary income of 3,040 million yen, up 1,925 million yen year-on-year; and net income of 1,031 million yen, up 3,100 million yen year-on-year.

PDF Summary of 2nd Quarter Report for Fiscal Year 2009 (April 1,2009 through September 30, 2009)

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