Press　Information

（Ｎｏｖ．１５，２００２）

＜Reference for the First Half of FY2003(02/4-02/9) Non-Consolidated Financial Results＞

(in 100 millions of yen)
(in thousands of units)

RESULTS
1st HALF of
FY2002
01/4-01/9

RESULTS
1st HALF of FY2003
02/4-02/9

RESULTS
FY2002
01/4-02/3

FORECAST
FY2003
02/4－03/3

FORECAST
FY2003
（May 2002）
02/4－03/3

Net Sales

Domestic

Overseas

4,531

2,289

2,242

4,440	△ 2.0 %
2,043	△ 10.7 %
2,397	6.9 %

9,217

4,726

4,490

9,000	△ 2.4 %
4,440	△ 6.1 %
4,560	1.5 %

9,300

4,750

4,550

Margin Percentage

Operating Ｉncome

6.9%

312

5.5%	△ 21.3 %
246

6.9 %

636

5.0%	△ 29.4 %
450

4.5 %

420

Margin Percentage

Ordinary Ｉncome

6.8%

307

5.2%	△ 25.1 %
230

7.1 %

650

4.7%	△ 35.4 %
420

4.2 %

390

Margin Percentage

Net Ｉncome

2.8%

128

2.3%	△ 20.7 %
102

2.4 %

218

2.4%	△ 0.7 %
220

2.2 %

200

Factors of Change

in Operating Income

Gain factors
Reduction in cost	93
Foreign exchange	58


Loss factors
Decrease in sales mix	126
Increase of expenses and others	63
Increase in R&D expenses	28

Gain factors
Reduction in cost	170



Loss factors
Decrease in sales mix	213
Increase of expenses and others	89
Increase in R&D expenses	54

Gain factors
Reduction in cost	130
Foreign exchange	50


Loss factors
Decrease in sales mix	220
Increase of expenses and others	81
Increase in R&D expenses	95

Foreign Exchange Rate
YEN/US$

121

126

123

125

Capital Investment

146

134

428

420

440

Depreciation and Amortization

119

125

256

280

R&D Expenses

265

292

545

600

640

Interest bearing debt

1,633

1,482

1,565

1,550

Performance of operation

Net sales to decrease

Ordinary income to decrease

Net sales to decrease

Ordinary income to decrease

Domestic Production Volume

230

213

△ 7.3 %

450

442

△ 1.8 %

455

Domestic Sales

Small Cars

Minicars

138

121	△ 12.5 %
49	△ 4.1 %
72	△ 17.5 %

279

111

167

255	△ 8.3 %
105	△ 5.3 %
150	△ 10.3 %

275

124

152

Export

10.9 %

173

195

12.6 %

189

Knock Down Parts

0.5 %

104

111

6.6 %

111