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space Highlights of the Semi-Annual Results for Fiscal Year 2004
(Year ending March 31, 2004)


space Summary
Economic conditions during the first half of the year remained uncertain from the previous period due to the severe employment situation and the sharp appreciation of the yen, although positive signs were seen in some areas, such as steady private capital investment and an improvement in stock prices. However, the number of automobiles produced during the first half of the year decreased for the first time in two years, and the business environment was severe.

Under these circumstances, the Sanoh Group made strong efforts to increase sales of our main products: tubular products for automotive and transportation equipment, and plastic automotive parts. In addition, we coordinated sales promotions utilizing our corporate network of subsidiaries and affiliated companies both at home and abroad.


space Consolidated Results (in millions of yen, except per share data)
กก FY2004 Semi-Annual Results FY2003 Semi-Annual Results Percent Change FY2004 Forecast
(Apr. 2003 through Mar. 2004)
Sales 23,571 22,449 5.0 47,500
Operating Income 1,435 1,391 3.1 -
Ordinary Income 1,479 1,384 6.9 3,000
Interim Net Income 868 700 24.0 1,650
Interim Net Income Per Share 24.59 yen 19.81 yen - 46.74 yen

space Unconsolidated Results (in millions of yen, except per share data)
กก FY2004 Semi-Annual Results FY2003 Semi-Annual Results Percent Change FY2004 Forecast
(Apr. 2003 through Mar. 2004)
Sales 20,754 19,322 7.4 40,800
Operating Income 1,111 1,180 -5.8 -
Ordinary Income 1,193 1,236 -3.4 2,500
Interim Net Income 668 605 10.3 1,400
Interim Net Income Per Share 18.92 yen 17.12 yen - 39.65 yen
NOTE
  1. Anticipated dividends: 10 yen per year (including 5 yen interim dividend)
  2. The above forecast is based on information that was available on the date when this statement was released. The actual performance may vary from the forecast due to a variety of unforeseeable factors.

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