TOKYO and LONDON, May 15 /PRNewswire-FirstCall/ -- Company name: Sosei Co. Ltd. Stock code: 4565 Stock exchange listing: Tokyo Stock Exchange, Mothers Market Address: Tokyo URL: http://www.sosei.com Representative Director, Shinichi Tamura President & CEO Contact: Hiroki Maekawa, Vice President of Corporate Planning Telephone: +81-3-5210-3290 Board of Directors meeting for May 15, 2006 approving: Accounting principle: Japanese GAAP 1. Consolidated Financial Results (April 1, 2005 - March 31, 2006)
(1) Consolidated Results of Operations (All amounts are rounded down to the nearest million yen)
Net sales Operating income Ordinary income Million YoY Million YoY Million YoY yen change yen change yen change (%) (%) (%) Fiscal year ended 415 70.0 (4,406) - (4,404) - March 2006 Fiscal year ended 244 7.7 (1,753) - (1,884) - March 2005 Net income Net income per Net income per share (basic) share (diluted) Million YoY Yen Yen yen change (%) Fiscal year ended (4,175) - (50,201.44) - March 2006 Fiscal year ended (1,820) - (32,136.46) - March 2005 Return on equity Ratio of Ratio of ordinary ordinary income to income to net total assets sales % % % Fiscal year ended (24.4) (25.0) (1,060.1) March 2006 Fiscal year ended (33.7) (34.2) (771.1) March 2005 Notes: 1. Equity in earnings (losses) of non-consolidated subsidiaries Fiscal year ended March 2006: (57) million yen Fiscal year ended March 2005: (45) million yen 2. Average number of shares outstanding (consolidated) Fiscal year ended March 2006: 83,179 shares Fiscal year ended March 2005: 56,644 shares 3. Changes in accounting principles applied: Yes
4. Percentages for net sales, operating income, ordinary income, and net income represent year-on-year percentage change.
(2) Consolidated Financial Position (All amounts are rounded down to the nearest million yen) Total Shareholders’ Shareholders’ Shareholders’ assets equity equity ratio equity per share Million yen Million yen % Yen As of March 31, 2006 25,307 24,475 96.7 248,992.77 As of March 31, 2005 9,879 9,726 98.4 157,443.52 Note: Number of shares outstanding (consolidated) As of March 31, 2006: 98,300 shares As of March 31, 2005: 61,777 shares (3) Consolidated Cash Flow Position (All amounts are rounded down to the nearest million yen) Cash flows Cash flows Cash flows Cash and from from from cash operating investing financing equivalents, activities activities activities end of period Million Million Million Million yen yen yen yen Fiscal year ended (3,190) 2,624 47 9,458 March 2006 Fiscal year ended (1,700) (21) 10,424 9,697 March 2005 (4) Scope of Consolidation and the Application of Equity Method Consolidated subsidiaries: 6 Non-consolidated subsidiaries accounted for under the equity method: - Affiliates accounted for under the equity method: 1 (5) Change in Scope of Consolidation and the Application of Equity Method Consolidated subsidiaries Newly added: 5 Excluded: 1 Affiliated accounted for under the equity method: Newly added: - Excluded: - 2. Forecast for the Fiscal Year Ending March 31, 2007 (April 1, 2006 - March 31, 2007) Net sales Ordinary income Net income Million yen Million yen Million yen Full year 250 (6,700) (6,500)
Reference: Estimated net income per share for the full year: (66,124.11) yen
* Forecasts regarding future performance and plans in these materials are based on judgments made in accordance with information available to management at the time this report was prepared. Forecasts therefore embody risks and uncertainties. Actual results may differ significantly from these forecasts for a number of factors, including but not limited to the operating environment.
For a copy of the full results, please refer to www.sosei.com
Sosei Co Ltd
CONTACT: Sosei Co. Ltd., Ichiban-cho FS Bldg., 8 Ichiban-cho, Chiyoda-ku,Tokyo 102-0082 Japan, Hiroki Maekawa, Vice President of Corporate Planning,E-mail: hmaekawa@sosei.com, Tel: +81-3-5210-3399, Fax: +81-3-5210-3291.Sosei Co. Ltd. London office, Centro 3, 19 Mandela Street, London NW1 0DU,UK, Julian Gilbert, Chief Business Officer, E-mail: jgilbert@sosei.com,Tel: +44-207-529-8392, Fax: +44-207,529-8401
