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Business Reports
(Year ended March 31, 2007)

Summary of Operating Results by Business 2007

Net Sales ¥8,889.0 billion (11.0%)
Operating Income ¥599.5 billion (-4.6%)

Revenue from unaffiliated customers increased 11.0%, to ¥8,889.0 billion, due to increased unit sales and the positive impact of currency translation effects. Operating income decreased 4.6%, to ¥599.5 billion, due mainly to the negative impact of changes in the model mix, substantially increased raw material costs, increased SG&A expenses, increased R&D expenses and the gain on the return of the substitutional portion of employees' pension funds to the Japanese government recorded in fiscal 2006, which offset the positive impacts of increased profit attributable to higher revenue, continuing cost reduction effects and the currency effects caused by the depreciation of the Japanese yen.

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Business Reports
(Year ended March 31, 2007)
(Year ended March 31, 2007)
(Year ended March 31, 2007)


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