Consolidated Financial Statements

Nov, 08 2011


In the first three quarters of the fiscal 2011 (January 1 to September 30, 2011), the Companies' operating environment was plagued by raw material prices remaining relatively high level and the appreciating Japanese yen.

Despite these challenges, the domestic economy showed signs of recovery, in spite of the impact of the Great East Japan Earthquake on March 11, 2011. While the United States economy was gradually recovering, and the business climate in Europe was showing signs of slight recovery, the recovery trend for both the United States and Europe was weakening. In Asia, the recovery or expansion continued to accelerate, particularly in China and India.

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For Supplementary information, please click here.