Consolidated Statements of Income

(Millions of yen)

  03/2007 03/2008 03/2009 03/2010 03/2011
Net sales 163,472 147,516 135,693 192,257 125,271
Cost of sales 87,262 81,201 79,527 108,536 75,846
Gross profit 76,210 66,314 56,166 83,721 49,424
Reversal of allowance for sales returns 1,186 2,271 1,135 4,863 4,046
Provision for allowance for sales returns 2,271 1,135 1,598 4,046 1,779
Net gross profit 75,125 67,450 55,703 84,538 51,691
Selling, general and administrative expenses
Packaging freight charge 2,493 2,421 2,169 3,535 2,336
Advertising expense 6,331 5,892 5,546 11,053 7,935
Sales promotion expense 1,060 642 417 157 67
Provision for doubtful accounts - 8 - - -
Compensation for directors 682 567 456 519 596
Salaries 15,482 15,889 14,097 15,145 12,534
Provisions to reserve for bonuses 2,237 1,403 1,755 2,378 1,408
Net periodic pension costs 446 36 353 1,102 1,135
Provisions to reserve for directors’ retirement benefits 42 47 20 13 15
Welfare expense 2,046 2,024 1,799 1,755 1,463
Rental expense 2,325 2,483 2,375 2,367 1,782
Commissions paid 3,357 3,209 3,399 4,105 4,228
Depreciation and amortization 1,464 1,463 1,397 2,281 1,903
Other 11,238 9,839 9,637 11,886 8,956
Total Selling, general and administrative expenses 49,209 45,929 43,426 56,303 44,365
Operating income 25,916 21,520 12,277 28,235 7,325
Non-operating income
Interest income 467 959 696 188 95
Dividends received 3 2 12 343 36
Foreign exchange gain 147 - - - -
Rental income 69 70 43 30 24
Support fees received - - - - -
Facilities’ installation cooperation fees 51 52 - - -
Investment profit on equity method 29 23 - - -
Miscellaneous income 407 258 157 195 190
Total non-operating income 1,176 1,367 909 758 347
Non-operating expenses
Interest expenses 2 0 1 30 59
Commissions paid - - - - -
Foreign exchange loss - 1,858 1,715 842 2,149
Stock issuance expenses - - - - -
Loss on disposal of inventories 119 119 - - -
Loss on write-offs of content production account - 1,799 - - -
Loss on inventory revaluation 281 170 - - -
Stock issuance expenses 31 - - - -
Corporate bond issuance expenses - - - 142 -
Loss on write-off of advance license payment 244 - - - -
Investment loss on equity method - - 18 49 -
Miscellaneous loss 172 75 189 105 -
Miscellaneous loss 172 75 189 105 73
Total non-operating expenses 852 4,023 1,925 1,171 2,282
Recurring income 26,241 18,864 11,261 27,822 5,390
Extraordinary gain
Gain on sale of property, plant and equipment - - - 33 1
Gain on sale of investment securities 410 64 0 10 0
Gain on divesture of business 2,697 47 - - -
Gain on sale of shares in affiliates - - - - -
Reversal of allowance for doubtful accounts 2 204 13 9 94
Reversal of allowance for retirement benefits 465 - - - -
Reversal of allowance for game arcade closings - 1,098 - - -
Reversal of allowance for obligation related to legal proceedings - - 181 - -
Gain on forgiveness of debts - - - 22 -
Gain on reversal of stock acquisition rights - - - 20 125
Gain on disposition of foreign currency translation adjustment - - - - 317
Other 203 24 33 30 94
Total extraordinary gain 3,778 1,439 228 128 633
Extraordinary loss
Loss on sale of property and equipment 17 145 26 69 1
Loss on disposal of property and equipment 1,085 950 790 389 621
Impairment loss 368 9 859 255 8,853
Loss on write-offs of bad debts - 170 - - -
Loss on evaluation of investment securities 194 55 120 166 175
Loss on sale of investment securities - - - - -
Loss on disposal and write-downs of assets associated with business restructuring 2,275 1,302 - - -
Severance payments associated with business restructuring 925 45 30 1,985 -
Evaluation loss on shares in affiliates - - - - -
Loss on liquidation of subsidiaries and affiliates - - - 72 136
Adjustment loss in connection with advanced received in mobile business - - - - -
Accelerated amortization of goodwill 1,831 136 - 12,209 -
Provision of amortization of consolidated adjustment account - - - - -
Extraordinary loss on inventory write-offs - - - - -
Provision of allowance for doubtful accounts 2,086 452 - - -
Provision for allowance for game arcade closings 2,784 54 286 25 311
Loss associated with business restructuring - - - 1,860 -
Acquisition costs - - - 770 -
Legal settlement payment - 156 15 - -
Loss on adjustment for changes of accounting standard for asset retirement obligation - - - - 462
Loss on content - - - - 2,074
Loss on disposal of content - - - - 2,398
Loss on disaster - - - - 570
Other 60 140 221 114 398
Total extraordinary loss 11,629 3,618 2,350 17,919 16,007
Income before income taxes, minority interests and distribution of loss in partnership (tokumei-kumiai) 18,390 16,685 9,139 10,031 (9,983)
Distribution of loss (gain) in partnership (tokumei-kumiai) 16 4 (14) 4 (12)
Income before income taxes and minority interests 18,374 16,681 9,153 10,026 (9,970)
Current income taxes 2,915 1,865 4,502 1,881 1,738
Income taxes for prior periods - - - 1,745 -
Refunded income taxes (127) (424) (1,841) - (2,249)
Deferred income taxes 3,941 6,116 198 (3,158) 2,594
Total income taxes 6,730 7,558 2,859 469 2,083
Minority interests in consolidated subsidiaries 24 (73) (39) 48 (11)
Net income 11,619 9,196 6,333 9,509 (12,043)

Downloadable EXCEL File (03/2004 - 03/2011)

Consolidated Statements of Income (JPNGAAP)_03.2004-03.2011.xls

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