TOP>Investor Relations>Characteristics of quarterly business results

Our sales are usually booked on the basis of certificate of acceptance. The booking tends to concentrate in the 4th quarter due to our customers’ tendency to issue the certificate of acceptance in March, which is the end of the fiscal year.　 Because of this, our business results are characterized in that both sales and profits tend to reach to their peak in the 4th quarter, while hovering relatively low in the 1st and 3rd quarters.　 Please refer to the following figures.

【Each Quater】 Quarterly Progress of Consolidated Sales

Quarterly Progress of Consolidated Operating Profit

【Cumulative】 Quarterly Progress of Consolidated Sales

Quarterly Progress of Consolidated Operating Profit