When the impact of increases in depreciation costs due to the revision of Japanese taxation system were excluded, consolidated operating income for the period would be 67.8 billion yen (US$593), up 5.7% year-on-year, ordinary income 63.8 billion yen (US$558), up 3.6%, and net income 34.9 billion yen (US$306), down 14.0%.
Assets as of the end of the nine months increased by 41.0 billion yen compared with the end of the previous fiscal year to 1,715.5 billion yen (US$15,022 million), mainly due to the increase in property, plant and equipment. Liabilities also increased by 40.1 billion yen to 1,064.9 billion yen (US$9,325 million), primarily reflecting the increase in interest-bearing liabilities.
Net assets totaled 650.6 billion yen (US$5,697 million), up 0.9 billion yen compared with the end of the previous fiscal year, as retained earnings grew but net unrealized gains on securities declined. As a result, equity ratio at the end of the nine months declined 0.6 percentage points to 34.7 %.
The Group revised its consolidated forecasts for the fiscal year ending March 31, 2008 to reflect the severe business environment including the high levels of raw materials and fuel prices and intensified competition in IT-related materials caused by the rapid price decline in flat-panel displays.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
