CORPORATE INFORMATION€¦ · 19961996 1997 19971997 1998 19981998 1999 19991999 2000 20002000 2001...

CORPORATE　　　　INFORMATIONFor the fiscal year ended

March 31, 2003

--------May 2003May 2003May 2003May 2003May 2003May 2003May 2003May 2003--------

Meitec CorporationMeitec CorporationMeitec CorporationMeitec CorporationMeitec CorporationMeitec CorporationMeitec CorporationMeitec Corporation88888888--------55555555--------26 26 26 26 26 26 26 26 AkasakaAkasakaAkasakaAkasakaAkasakaAkasakaAkasakaAkasaka, , , , , , , , AkasakaAkasakaAkasakaAkasakaAkasakaAkasakaAkasakaAkasaka DS Building DS Building DS Building DS Building DS Building DS Building DS Building DS Building MinatoMinatoMinatoMinatoMinatoMinatoMinatoMinato--------kukukukukukukuku, Tokyo 107, Tokyo 107, Tokyo 107, Tokyo 107, Tokyo 107, Tokyo 107, Tokyo 107, Tokyo 107--------00520052005200520052005200520052TEL 03TEL 03TEL 03TEL 03TEL 03TEL 03TEL 03TEL 03--------54135413541354135413541354135413--------26002600260026002600260026002600　　　　　　　　FAX 03FAX 03FAX 03FAX 03FAX 03FAX 03FAX 03FAX 03--------54135413541354135413541354135413--------26202620262026202620262026202620URL : http://www.URL : http://www.URL : http://www.URL : http://www.URL : http://www.URL : http://www.URL : http://www.URL : http://www.meitecmeitecmeitecmeitecmeitecmeitecmeitecmeitec.co..co..co..co..co..co..co..co.jpjpjpjpjpjpjpjp

Market OverviewMarket OverviewMarket OverviewMarket OverviewFiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003　　　　

Market OverviewMarket OverviewMarket OverviewMarket OverviewMarket OverviewMarket OverviewMarket OverviewMarket OverviewFiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003　　　　　　　　

11111111

････････The overall Japanese business environment continued to be sluggiThe overall Japanese business environment continued to be sluggiThe overall Japanese business environment continued to be sluggiThe overall Japanese business environment continued to be sluggiThe overall Japanese business environment continued to be sluggiThe overall Japanese business environment continued to be sluggiThe overall Japanese business environment continued to be sluggiThe overall Japanese business environment continued to be sluggish over sh over sh over sh over sh over sh over sh over sh over the fiscal year ended March 31, 2003. the fiscal year ended March 31, 2003. the fiscal year ended March 31, 2003. the fiscal year ended March 31, 2003. the fiscal year ended March 31, 2003. the fiscal year ended March 31, 2003. the fiscal year ended March 31, 2003. the fiscal year ended March 31, 2003.

・・・・・・・・Many of clients companies were under structural reforms. This rMany of clients companies were under structural reforms. This rMany of clients companies were under structural reforms. This rMany of clients companies were under structural reforms. This rMany of clients companies were under structural reforms. This rMany of clients companies were under structural reforms. This rMany of clients companies were under structural reforms. This rMany of clients companies were under structural reforms. This resulted in esulted in esulted in esulted in esulted in esulted in esulted in esulted in 　　　　　　　　general decline in R&D and capital investment by the clients, angeneral decline in R&D and capital investment by the clients, angeneral decline in R&D and capital investment by the clients, angeneral decline in R&D and capital investment by the clients, angeneral decline in R&D and capital investment by the clients, angeneral decline in R&D and capital investment by the clients, angeneral decline in R&D and capital investment by the clients, angeneral decline in R&D and capital investment by the clients, andddddddd MeitecMeitecMeitecMeitecMeitecMeitecMeitecMeitec’’ssssssss　　　　　　　　business was no exception to be effected by the negative impact.business was no exception to be effected by the negative impact.business was no exception to be effected by the negative impact.business was no exception to be effected by the negative impact.business was no exception to be effected by the negative impact.business was no exception to be effected by the negative impact.business was no exception to be effected by the negative impact.business was no exception to be effected by the negative impact.

・・・・・・・・On the other hand, at the clients companies who had completed thOn the other hand, at the clients companies who had completed thOn the other hand, at the clients companies who had completed thOn the other hand, at the clients companies who had completed thOn the other hand, at the clients companies who had completed thOn the other hand, at the clients companies who had completed thOn the other hand, at the clients companies who had completed thOn the other hand, at the clients companies who had completed their eir eir eir eir eir eir eir 　　　　　　　　restructuring and selected the business they want focus on, starrestructuring and selected the business they want focus on, starrestructuring and selected the business they want focus on, starrestructuring and selected the business they want focus on, starrestructuring and selected the business they want focus on, starrestructuring and selected the business they want focus on, starrestructuring and selected the business they want focus on, starrestructuring and selected the business they want focus on, started to show ted to show ted to show ted to show ted to show ted to show ted to show ted to show 　　　　　　　　increase in R&D investments.increase in R&D investments.increase in R&D investments.increase in R&D investments.increase in R&D investments.increase in R&D investments.increase in R&D investments.increase in R&D investments.

・・・・・・・・MeitecMeitecMeitecMeitecMeitecMeitecMeitecMeitec was able obtain good number of orders in was able obtain good number of orders in was able obtain good number of orders in was able obtain good number of orders in was able obtain good number of orders in was able obtain good number of orders in was able obtain good number of orders in was able obtain good number of orders in the automotive, electronics, the automotive, electronics, the automotive, electronics, the automotive, electronics, the automotive, electronics, the automotive, electronics, the automotive, electronics, the automotive, electronics, 　　　　　　　　and semiconductor design field compared to other industrial fieland semiconductor design field compared to other industrial fieland semiconductor design field compared to other industrial fieland semiconductor design field compared to other industrial fieland semiconductor design field compared to other industrial fieland semiconductor design field compared to other industrial fieland semiconductor design field compared to other industrial fieland semiconductor design field compared to other industrial fieldsdsdsdsdsdsdsds........

・・・・・・・・We forecasted the fiscal year to be a decline side of the mediumWe forecasted the fiscal year to be a decline side of the mediumWe forecasted the fiscal year to be a decline side of the mediumWe forecasted the fiscal year to be a decline side of the mediumWe forecasted the fiscal year to be a decline side of the mediumWe forecasted the fiscal year to be a decline side of the mediumWe forecasted the fiscal year to be a decline side of the mediumWe forecasted the fiscal year to be a decline side of the medium to long term to long term to long term to long term to long term to long term to long term to long term 　　　　　　　　business cycle (three to four years) at the beginning of the yeabusiness cycle (three to four years) at the beginning of the yeabusiness cycle (three to four years) at the beginning of the yeabusiness cycle (three to four years) at the beginning of the yeabusiness cycle (three to four years) at the beginning of the yeabusiness cycle (three to four years) at the beginning of the yeabusiness cycle (three to four years) at the beginning of the yeabusiness cycle (three to four years) at the beginning of the year, and result r, and result r, and result r, and result r, and result r, and result r, and result r, and result 　　　　　　　　was as nearly as we expected.was as nearly as we expected.was as nearly as we expected.was as nearly as we expected.was as nearly as we expected.was as nearly as we expected.was as nearly as we expected.was as nearly as we expected.

・・・・・・・・From the trend in orders, operating ratio and operating hours ofFrom the trend in orders, operating ratio and operating hours ofFrom the trend in orders, operating ratio and operating hours ofFrom the trend in orders, operating ratio and operating hours ofFrom the trend in orders, operating ratio and operating hours ofFrom the trend in orders, operating ratio and operating hours ofFrom the trend in orders, operating ratio and operating hours ofFrom the trend in orders, operating ratio and operating hours of engineers, we engineers, we engineers, we engineers, we engineers, we engineers, we engineers, we engineers, we 　　　　　　　　believe that the first quarter represents the bottom of the markbelieve that the first quarter represents the bottom of the markbelieve that the first quarter represents the bottom of the markbelieve that the first quarter represents the bottom of the markbelieve that the first quarter represents the bottom of the markbelieve that the first quarter represents the bottom of the markbelieve that the first quarter represents the bottom of the markbelieve that the first quarter represents the bottom of the market condition. et condition. et condition. et condition. et condition. et condition. et condition. et condition.

Consolidated Operating PerformancesConsolidated Operating PerformancesConsolidated Operating PerformancesConsolidated Operating PerformancesFiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003

Consolidated Operating PerformancesConsolidated Operating PerformancesConsolidated Operating PerformancesConsolidated Operating PerformancesConsolidated Operating PerformancesConsolidated Operating PerformancesConsolidated Operating PerformancesConsolidated Operating PerformancesFiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003

22222222

・・・・・・・・Despite a slight increase in consolidated revenue, operating incDespite a slight increase in consolidated revenue, operating incDespite a slight increase in consolidated revenue, operating incDespite a slight increase in consolidated revenue, operating incDespite a slight increase in consolidated revenue, operating incDespite a slight increase in consolidated revenue, operating incDespite a slight increase in consolidated revenue, operating incDespite a slight increase in consolidated revenue, operating income fell 10.2%.ome fell 10.2%.ome fell 10.2%.ome fell 10.2%.ome fell 10.2%.ome fell 10.2%.ome fell 10.2%.ome fell 10.2%.　　　　　　　　NonNonNonNonNonNonNonNon--------consolidated revenue forconsolidated revenue forconsolidated revenue forconsolidated revenue forconsolidated revenue forconsolidated revenue forconsolidated revenue forconsolidated revenue for MeitecMeitecMeitecMeitecMeitecMeitecMeitecMeitec dropped slightly and operating income dropped slightly and operating income dropped slightly and operating income dropped slightly and operating income dropped slightly and operating income dropped slightly and operating income dropped slightly and operating income dropped slightly and operating income 　　　　　　　　

fell 13.8%.fell 13.8%.fell 13.8%.fell 13.8%.fell 13.8%.fell 13.8%.fell 13.8%.fell 13.8%.

・・・・・・・・ Increased revenue and profit at a consolidated subsidiary, Increased revenue and profit at a consolidated subsidiary, Increased revenue and profit at a consolidated subsidiary, Increased revenue and profit at a consolidated subsidiary, Increased revenue and profit at a consolidated subsidiary, Increased revenue and profit at a consolidated subsidiary, Increased revenue and profit at a consolidated subsidiary, Increased revenue and profit at a consolidated subsidiary, Japan Outsourcing Japan Outsourcing Japan Outsourcing Japan Outsourcing Japan Outsourcing Japan Outsourcing Japan Outsourcing Japan Outsourcing 　　　　　　　　Inc., has contributedInc., has contributedInc., has contributedInc., has contributedInc., has contributedInc., has contributedInc., has contributedInc., has contributed to the consolidated performances. This is an to the consolidated performances. This is an to the consolidated performances. This is an to the consolidated performances. This is an to the consolidated performances. This is an to the consolidated performances. This is an to the consolidated performances. This is an to the consolidated performances. This is an 　　　　　　　　　　　　　　　　

　　　　　　　　achievement from the achievement from the achievement from the achievement from the achievement from the achievement from the achievement from the achievement from the group collaborating sales effortgroup collaborating sales effortgroup collaborating sales effortgroup collaborating sales effortgroup collaborating sales effortgroup collaborating sales effortgroup collaborating sales effortgroup collaborating sales effort started three years started three years started three years started three years started three years started three years started three years started three years 　　　　　　　　ago.ago.ago.ago.ago.ago.ago.ago.

・・・・・・・・For the second half of the fiscal year, we can see that the busiFor the second half of the fiscal year, we can see that the busiFor the second half of the fiscal year, we can see that the busiFor the second half of the fiscal year, we can see that the busiFor the second half of the fiscal year, we can see that the busiFor the second half of the fiscal year, we can see that the busiFor the second half of the fiscal year, we can see that the busiFor the second half of the fiscal year, we can see that the business ness ness ness ness ness ness ness 　　　　　　　　　　　　　　　　environments were in moderate recovery mode asenvironments were in moderate recovery mode asenvironments were in moderate recovery mode asenvironments were in moderate recovery mode asenvironments were in moderate recovery mode asenvironments were in moderate recovery mode asenvironments were in moderate recovery mode asenvironments were in moderate recovery mode as MeitecMeitecMeitecMeitecMeitecMeitecMeitecMeitec recorded increases recorded increases recorded increases recorded increases recorded increases recorded increases recorded increases recorded increases 　　　　　　　　in revenue and profit for the latter half of the fiscal year comin revenue and profit for the latter half of the fiscal year comin revenue and profit for the latter half of the fiscal year comin revenue and profit for the latter half of the fiscal year comin revenue and profit for the latter half of the fiscal year comin revenue and profit for the latter half of the fiscal year comin revenue and profit for the latter half of the fiscal year comin revenue and profit for the latter half of the fiscal year compare to the pare to the pare to the pare to the pare to the pare to the pare to the pare to the 　　　　　　　　　　　　　　　　　　　　　　　　

same period of the previous fiscal year.same period of the previous fiscal year.same period of the previous fiscal year.same period of the previous fiscal year.same period of the previous fiscal year.same period of the previous fiscal year.same period of the previous fiscal year.same period of the previous fiscal year.

・・・・・・・・Although the operating ratio of 94.6% did not quite reach the esAlthough the operating ratio of 94.6% did not quite reach the esAlthough the operating ratio of 94.6% did not quite reach the esAlthough the operating ratio of 94.6% did not quite reach the esAlthough the operating ratio of 94.6% did not quite reach the esAlthough the operating ratio of 94.6% did not quite reach the esAlthough the operating ratio of 94.6% did not quite reach the esAlthough the operating ratio of 94.6% did not quite reach the estimate of timate of timate of timate of timate of timate of timate of timate of 　　　　　　　　　　　　　　　　95.1% we made at the mid95.1% we made at the mid95.1% we made at the mid95.1% we made at the mid95.1% we made at the mid95.1% we made at the mid95.1% we made at the mid95.1% we made at the mid--------term, we were able to achieve operating hours of term, we were able to achieve operating hours of term, we were able to achieve operating hours of term, we were able to achieve operating hours of term, we were able to achieve operating hours of term, we were able to achieve operating hours of term, we were able to achieve operating hours of term, we were able to achieve operating hours of 　　　　　　　　9.25 hours per day which is above forecast of 9.15 hours per day9.25 hours per day which is above forecast of 9.15 hours per day9.25 hours per day which is above forecast of 9.15 hours per day9.25 hours per day which is above forecast of 9.15 hours per day9.25 hours per day which is above forecast of 9.15 hours per day9.25 hours per day which is above forecast of 9.15 hours per day9.25 hours per day which is above forecast of 9.15 hours per day9.25 hours per day which is above forecast of 9.15 hours per day, and , and , and , and , and , and , and , and 　　　　　　　　accomplished the targeted revenue for the fiscal year.accomplished the targeted revenue for the fiscal year.accomplished the targeted revenue for the fiscal year.accomplished the targeted revenue for the fiscal year.accomplished the targeted revenue for the fiscal year.accomplished the targeted revenue for the fiscal year.accomplished the targeted revenue for the fiscal year.accomplished the targeted revenue for the fiscal year.

・・・・・・・・Also, operating ratio of Also, operating ratio of Also, operating ratio of Also, operating ratio of Also, operating ratio of Also, operating ratio of Also, operating ratio of Also, operating ratio of the newly graduated engineers advanced to 88% by the newly graduated engineers advanced to 88% by the newly graduated engineers advanced to 88% by the newly graduated engineers advanced to 88% by the newly graduated engineers advanced to 88% by the newly graduated engineers advanced to 88% by the newly graduated engineers advanced to 88% by the newly graduated engineers advanced to 88% by 　　　　　　　　the end of the fiscal yearthe end of the fiscal yearthe end of the fiscal yearthe end of the fiscal yearthe end of the fiscal yearthe end of the fiscal yearthe end of the fiscal yearthe end of the fiscal year. . . . . . . .

Consolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsFiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003　　　　

Consolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsFiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003　　　　　　　　

33333333

（Millions of Yen)（Millions of Yen)（Millions of Yen)（Millions of Yen)

Net SalesNet SalesNet SalesNet SalesOperatingOperatingOperatingOperatingIncomeIncomeIncomeIncome

OrdinaryOrdinaryOrdinaryOrdinaryIncomeIncomeIncomeIncome

Net IncomeNet IncomeNet IncomeNet Income

2003200320032003 31,88831,88831,88831,888 4,1794,1794,1794,179 4,1984,1984,1984,198 2,2342,2342,2342,234

2002200220022002 32,95032,95032,95032,950 5,3485,3485,3485,348 5,4355,4355,4355,435 3,1403,1403,1403,140

Change(%)Change(%)Change(%)Change(%) -3.2％-3.2％-3.2％-3.2％ -21.9％-21.9％-21.9％-21.9％ -22.8％-22.8％-22.8％-22.8％ -28.8％-28.8％-28.8％-28.8％

2003200320032003 65,73765,73765,73765,737 9,1489,1489,1489,148 9,1799,1799,1799,179 5,4725,4725,4725,472

Initial ForecastInitial ForecastInitial ForecastInitial Forecast 66,50066,50066,50066,500 10,10010,10010,10010,100 10,10010,10010,10010,100 4,9004,9004,9004,900

v.s .Initial Forecastv.s .Initial Forecastv.s .Initial Forecastv.s .Initial Forecast -1.1%-1.1%-1.1%-1.1% -9.4%-9.4%-9.4%-9.4% -9.1%-9.1%-9.1%-9.1% 11.7%11.7%11.7%11.7%

2002200220022002 64,99764,99764,99764,997 10,19310,19310,19310,193 10,32110,32110,32110,321 5,3095,3095,3095,309

Change(%)Change(%)Change(%)Change(%) 1.1％1.1％1.1％1.1％ -10.2％-10.2％-10.2％-10.2％ -11.1％-11.1％-11.1％-11.1％ 3.1％3.1％3.1％3.1％

InterimInterimInterimInterimPeriodPeriodPeriodPeriod

FiscalFiscalFiscalFiscalYearYearYearYear

��

��

��

��

44444444

Up to the fiscal year ended March 31, 2002, social insurance andUp to the fiscal year ended March 31, 2002, social insurance andUp to the fiscal year ended March 31, 2002, social insurance andUp to the fiscal year ended March 31, 2002, social insurance andUp to the fiscal year ended March 31, 2002, social insurance andUp to the fiscal year ended March 31, 2002, social insurance andUp to the fiscal year ended March 31, 2002, social insurance andUp to the fiscal year ended March 31, 2002, social insurance and other other other other other other other other payments related to unpaid bonuses were posted as expenses at thpayments related to unpaid bonuses were posted as expenses at thpayments related to unpaid bonuses were posted as expenses at thpayments related to unpaid bonuses were posted as expenses at thpayments related to unpaid bonuses were posted as expenses at thpayments related to unpaid bonuses were posted as expenses at thpayments related to unpaid bonuses were posted as expenses at thpayments related to unpaid bonuses were posted as expenses at the time of e time of e time of e time of e time of e time of e time of e time of actual payments.actual payments.actual payments.actual payments.actual payments.actual payments.actual payments.actual payments.

But because of the importance of But because of the importance of But because of the importance of But because of the importance of But because of the importance of But because of the importance of But because of the importance of But because of the importance of such unpaid expenses became greater as the such unpaid expenses became greater as the such unpaid expenses became greater as the such unpaid expenses became greater as the such unpaid expenses became greater as the such unpaid expenses became greater as the such unpaid expenses became greater as the such unpaid expenses became greater as the new social insurance system of applying same insurance rate to tnew social insurance system of applying same insurance rate to tnew social insurance system of applying same insurance rate to tnew social insurance system of applying same insurance rate to tnew social insurance system of applying same insurance rate to tnew social insurance system of applying same insurance rate to tnew social insurance system of applying same insurance rate to tnew social insurance system of applying same insurance rate to the bonus was he bonus was he bonus was he bonus was he bonus was he bonus was he bonus was he bonus was introduced from this year,introduced from this year,introduced from this year,introduced from this year,introduced from this year,introduced from this year,introduced from this year,introduced from this year, it is now recorded as unpaid expenses from the fiscal it is now recorded as unpaid expenses from the fiscal it is now recorded as unpaid expenses from the fiscal it is now recorded as unpaid expenses from the fiscal it is now recorded as unpaid expenses from the fiscal it is now recorded as unpaid expenses from the fiscal it is now recorded as unpaid expenses from the fiscal it is now recorded as unpaid expenses from the fiscal year ended March 31, 2003. year ended March 31, 2003. year ended March 31, 2003. year ended March 31, 2003. year ended March 31, 2003. year ended March 31, 2003. year ended March 31, 2003. year ended March 31, 2003. As a result, compared with the previous accounting method, cost As a result, compared with the previous accounting method, cost As a result, compared with the previous accounting method, cost As a result, compared with the previous accounting method, cost As a result, compared with the previous accounting method, cost As a result, compared with the previous accounting method, cost As a result, compared with the previous accounting method, cost As a result, compared with the previous accounting method, cost of sales and of sales and of sales and of sales and of sales and of sales and of sales and of sales and selling, general and administrative expenses increased selling, general and administrative expenses increased selling, general and administrative expenses increased selling, general and administrative expenses increased selling, general and administrative expenses increased selling, general and administrative expenses increased selling, general and administrative expenses increased selling, general and administrative expenses increased ¥¥¥¥¥¥¥¥562 million and 562 million and 562 million and 562 million and 562 million and 562 million and 562 million and 562 million and ¥¥¥¥¥¥¥¥43 43 43 43 43 43 43 43 million, respectively.million, respectively.million, respectively.million, respectively.million, respectively.million, respectively.million, respectively.million, respectively.

Operating income, ordinary income and net income before taxes eaOperating income, ordinary income and net income before taxes eaOperating income, ordinary income and net income before taxes eaOperating income, ordinary income and net income before taxes eaOperating income, ordinary income and net income before taxes eaOperating income, ordinary income and net income before taxes eaOperating income, ordinary income and net income before taxes eaOperating income, ordinary income and net income before taxes each fell ch fell ch fell ch fell ch fell ch fell ch fell ch fell ¥¥¥¥¥¥¥¥606 606 606 606 606 606 606 606 million. Net income decreased million. Net income decreased million. Net income decreased million. Net income decreased million. Net income decreased million. Net income decreased million. Net income decreased million. Net income decreased ¥¥¥¥¥¥¥¥352 million. 352 million. 352 million. 352 million. 352 million. 352 million. 352 million. 352 million. ((((((((seeseeseeseeseeseeseesee Financial Results, Fiscal Year Ended March 31, 2003, page 15) Financial Results, Fiscal Year Ended March 31, 2003, page 15) Financial Results, Fiscal Year Ended March 31, 2003, page 15) Financial Results, Fiscal Year Ended March 31, 2003, page 15) Financial Results, Fiscal Year Ended March 31, 2003, page 15) Financial Results, Fiscal Year Ended March 31, 2003, page 15) Financial Results, Fiscal Year Ended March 31, 2003, page 15) Financial Results, Fiscal Year Ended March 31, 2003, page 15)

Notes to the Financial StatementNotes to the Financial StatementNotes to the Financial StatementNotes to the Financial StatementStatutory Welfare Expenses Applicable to the Unpaid BonusesStatutory Welfare Expenses Applicable to the Unpaid BonusesStatutory Welfare Expenses Applicable to the Unpaid BonusesStatutory Welfare Expenses Applicable to the Unpaid Bonuses

Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003

Notes to the Financial StatementNotes to the Financial StatementNotes to the Financial StatementNotes to the Financial StatementNotes to the Financial StatementNotes to the Financial StatementNotes to the Financial StatementNotes to the Financial StatementStatutory Welfare Expenses Applicable to the Unpaid BonusesStatutory Welfare Expenses Applicable to the Unpaid BonusesStatutory Welfare Expenses Applicable to the Unpaid BonusesStatutory Welfare Expenses Applicable to the Unpaid BonusesStatutory Welfare Expenses Applicable to the Unpaid BonusesStatutory Welfare Expenses Applicable to the Unpaid BonusesStatutory Welfare Expenses Applicable to the Unpaid BonusesStatutory Welfare Expenses Applicable to the Unpaid Bonuses

Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003

⇒⇒⇒⇒⇒⇒⇒⇒Consolidated results based on the previous accounting method :Consolidated results based on the previous accounting method :Consolidated results based on the previous accounting method :Consolidated results based on the previous accounting method :Consolidated results based on the previous accounting method :Consolidated results based on the previous accounting method :Consolidated results based on the previous accounting method :Consolidated results based on the previous accounting method :

　　　　　　　　　　　　　　　　 Operating incomeOperating incomeOperating incomeOperating incomeOperating incomeOperating incomeOperating incomeOperating income ：：：：：：：：¥¥¥¥¥¥¥¥9,754 million 9,754 million 9,754 million 9,754 million 9,754 million 9,754 million 9,754 million 9,754 million 　　　　　　　　　　　　　　　　Ordinary income Ordinary income Ordinary income Ordinary income Ordinary income Ordinary income Ordinary income Ordinary income ：：：：：：：：¥¥¥¥¥¥¥¥9,785 million 9,785 million 9,785 million 9,785 million 9,785 million 9,785 million 9,785 million 9,785 million 　　　　　　　　　　　　　　　　Net incomeNet incomeNet incomeNet incomeNet incomeNet incomeNet incomeNet income ：：：：：：：：¥¥¥¥¥¥¥¥5,824 million 5,824 million 5,824 million 5,824 million 5,824 million 5,824 million 5,824 million 5,824 million

55555555

414414414414

485485485485

591591591591 608608608608577577577577

641641641641

49494949

657657657657649649649649

91919191101101101101

8282828263636363

99999999

41414141

101101101101113113113113

91919191103103103103848484849797979792929292

5858585838383838

114114114114

545454545353535317171717 25252525 37373737 35353535 40404040

13.9%13.9%13.9%13.9%

8.3%8.3%8.3%8.3%

15.9%15.9%15.9%15.9%

9.2%9.2%9.2%9.2%

12.0%12.0%12.0%12.0%

15.6%15.6%15.6%15.6% 16.0%16.0%16.0%16.0%14.5%14.5%14.5%14.5%

17.8%17.8%17.8%17.8%

8.2%8.2%8.2%8.2%

4.1%4.1%4.1%4.1%5.1%5.1%5.1%5.1%

6.3%6.3%6.3%6.3% 5.8%5.8%5.8%5.8%7.0%7.0%7.0%7.0%

7.7%7.7%7.7%7.7%

0000

100100100100

200200200200

300300300300

400400400400

500500500500

600600600600

700700700700

1996199619961996 1997199719971997 1998199819981998 1999199919991999 2000200020002000 2001200120012001 2002200220022002 20032003200320030%0%0%0%

5%5%5%5%

10%10%10%10%

15%15%15%15%

20%20%20%20%

25%25%25%25%

Net SalesNet SalesNet SalesNet Sales Operat ing Income Operat ing Income Operat ing Income Operat ing Income Ordinary Income Ordinary Income Ordinary Income Ordinary Income

Net IncomeNet IncomeNet IncomeNet Income Ordinary Pro fit Margins Ordinary Pro fit Margins Ordinary Pro fit Margins Ordinary Pro fit Margins Net Margins Net Margins Net Margins Net Margins

(100 million Yen)(100 million Yen)(100 million Yen)(100 million Yen)

Consolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsFiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003　　　　

Consolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsFiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003Fiscal year ended March 31, 2003　　　　　　　　

NonNonNonNon----Consolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsFrom the Fiscal year ended March 31, 1996 to the Fiscal year endFrom the Fiscal year ended March 31, 1996 to the Fiscal year endFrom the Fiscal year ended March 31, 1996 to the Fiscal year endFrom the Fiscal year ended March 31, 1996 to the Fiscal year ended March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003NonNonNonNonNonNonNonNon--------Consolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating Results

From the Fiscal year ended March 31, 1996 to the Fiscal year endFrom the Fiscal year ended March 31, 1996 to the Fiscal year endFrom the Fiscal year ended March 31, 1996 to the Fiscal year endFrom the Fiscal year ended March 31, 1996 to the Fiscal year endFrom the Fiscal year ended March 31, 1996 to the Fiscal year endFrom the Fiscal year ended March 31, 1996 to the Fiscal year endFrom the Fiscal year ended March 31, 1996 to the Fiscal year endFrom the Fiscal year ended March 31, 1996 to the Fiscal year ended March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003

66666666





2003200320032003 26,90126,90126,90126,901 3,7303,7303,7303,730 3,9413,9413,9413,941 2,1592,1592,1592,159

2002200220022002 28,25028,25028,25028,250 5,0055,0055,0055,005 5,1245,1245,1245,124 2,9882,9882,9882,988

Change(%)Change(%)Change(%)Change(%) -4.8％-4.8％-4.8％-4.8％ -25.5％-25.5％-25.5％-25.5％ -23.1％-23.1％-23.1％-23.1％ -27.7％-27.7％-27.7％-27.7％

2003200320032003 55,37955,37955,37955,379 8,0278,0278,0278,027 8,2488,2488,2488,248 5,0175,0175,0175,017

Initial ForecastInitial ForecastInitial ForecastInitial Forecast 56,00056,00056,00056,000 9,0009,0009,0009,000 9,1009,1009,1009,100 4,4004,4004,4004,400

v.s .Initial Forecastv.s .Initial Forecastv.s .Initial Forecastv.s .Initial Forecast -1.1%-1.1%-1.1%-1.1% -10.8%-10.8%-10.8%-10.8% -9.4%-9.4%-9.4%-9.4% 14.0%14.0%14.0%14.0%

2002200220022002 55,63755,63755,63755,637 9,3119,3119,3119,311 9,4319,4319,4319,431 4,8224,8224,8224,822

Change(%)Change(%)Change(%)Change(%) -0.5％-0.5％-0.5％-0.5％ -13.8％-13.8％-13.8％-13.8％ -12.5％-12.5％-12.5％-12.5％ 4.1％4.1％4.1％4.1％



��

��

��

��

77777777

339339339339

395395395395

489489489489518518518518 508508508508

553553553553555555555555 556556556556

808080809393939377777777

5858585894949494

37373737

98989898104104104104

8282828294949494787878789494949488888888

5454545435353535

106106106106

48484848 505050504848484815151515 22222222

35353535 32323232 37373737

14 .8%14 .8%14 .8%14 .8%

17 .0%17 .0%17 .0%17 .0%

10 .5%10 .5%10 .5%10 .5%

13 .6%13 .6%13 .6%13 .6%

18 .0%18 .0%18 .0%18 .0% 18 .2%18 .2%18 .2%18 .2%

15 .4%15 .4%15 .4%15 .4%

19 .0%19 .0%19 .0%19 .0%

9 .0%9 .0%9 .0%9 .0%8 .7%8 .7%8 .7%8 .7%

4 .4%4 .4%4 .4%4 .4%5 .6%5 .6%5 .6%5 .6%

7 .2%7 .2%7 .2%7 .2%6 .1%6 .1%6 .1%6 .1%

7 .3%7 .3%7 .3%7 .3%8 .6%8 .6%8 .6%8 .6%

0000

100100100100

200200200200

300300300300

400400400400

500500500500

600600600600

1996199619961996 1997199719971997 1998199819981998 1999199919991999 2000200020002000 2001200120012001 2002200220022002 20032003200320030%0%0%0%

5%5%5%5%

10%10%10%10%

15%15%15%15%

20%20%20%20%

25%25%25%25%

Net Sa lesNet Sa lesNet Sa lesNet Sa les Operat i ng Income Operat i ng Income Operat i ng Income Operat i ng Income Ordinary Income Ordinary Income Ordinary Income Ordinary Income

Net IncomeNet IncomeNet IncomeNet Income Ordinary Prof i t Marg ins Ordinary Prof i t Marg ins Ordinary Prof i t Marg ins Ordinary Prof i t Marg ins Net Margi ns Net Margi ns Net Margi ns Net Margi ns

(100 m i l l i on Yen)(100 m i l l i on Yen)(100 m i l l i on Yen)(100 m i l l i on Yen)

NonNonNonNon----Consolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsFrom the Fiscal year ended March 31, 1996 to the Fiscal year endFrom the Fiscal year ended March 31, 1996 to the Fiscal year endFrom the Fiscal year ended March 31, 1996 to the Fiscal year endFrom the Fiscal year ended March 31, 1996 to the Fiscal year ended March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003NonNonNonNonNonNonNonNon--------Consolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating Results

From the Fiscal year ended March 31, 1996 to the Fiscal year endFrom the Fiscal year ended March 31, 1996 to the Fiscal year endFrom the Fiscal year ended March 31, 1996 to the Fiscal year endFrom the Fiscal year ended March 31, 1996 to the Fiscal year endFrom the Fiscal year ended March 31, 1996 to the Fiscal year endFrom the Fiscal year ended March 31, 1996 to the Fiscal year endFrom the Fiscal year ended March 31, 1996 to the Fiscal year endFrom the Fiscal year ended March 31, 1996 to the Fiscal year ended March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003

Return on Equity (ROE)Return on Equity (ROE)Return on Equity (ROE)Return on Equity (ROE)From the Fiscal year ended March 31, 1994 to the Fiscal year endFrom the Fiscal year ended March 31, 1994 to the Fiscal year endFrom the Fiscal year ended March 31, 1994 to the Fiscal year endFrom the Fiscal year ended March 31, 1994 to the Fiscal year ended March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003

Return on Equity (ROE)Return on Equity (ROE)Return on Equity (ROE)Return on Equity (ROE)Return on Equity (ROE)Return on Equity (ROE)Return on Equity (ROE)Return on Equity (ROE)From the Fiscal year ended March 31, 1994 to the Fiscal year endFrom the Fiscal year ended March 31, 1994 to the Fiscal year endFrom the Fiscal year ended March 31, 1994 to the Fiscal year endFrom the Fiscal year ended March 31, 1994 to the Fiscal year endFrom the Fiscal year ended March 31, 1994 to the Fiscal year endFrom the Fiscal year ended March 31, 1994 to the Fiscal year endFrom the Fiscal year ended March 31, 1994 to the Fiscal year endFrom the Fiscal year ended March 31, 1994 to the Fiscal year ended March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003

88888888

11.7%11.7%11.7%11.7%10.4%10.4%10.4%10.4%

8.2%8.2%8.2%8.2%

4.5%4.5%4.5%4.5% 4.7%4.7%4.7%4.7%

6.1%6.1%6.1%6.1%

8.6%8.6%8.6%8.6%7.3%7.3%7.3%7.3%

4.6%4.6%4.6%4.6%

10.0%10.0%10.0%10.0%

12.1%12.1%12.1%12.1%11.2%11.2%11.2%11.2%

8.7%8.7%8.7%8.7%

2.3%2.3%2.3%2.3%

8.0%8.0%8.0%8.0%9.1%9.1%9.1%9.1%

6.8%6.8%6.8%6.8%5.4%5.4%5.4%5.4%

4.9%4.9%4.9%4.9%

10.2%10.2%10.2%10.2%

0%0%0%0%

2%2%2%2%

4%4%4%4%

6%6%6%6%

8%8%8%8%

10%10%10%10%

12%12%12%12%

14%14%14%14%

1 99 41 99 41 99 41 99 4 1 99 51 99 51 99 51 99 5 1 99 61 99 61 99 61 99 6 1 99 71 99 71 99 71 99 7 1 99 81 99 81 99 81 99 8 1 99 91 99 91 99 91 99 9 2 00 02 00 02 00 02 00 0 2 00 12 00 12 00 12 00 1 2 00 22 00 22 00 22 00 2 2 00 32 00 32 00 32 00 3

Non-ConsolidatedNon-ConsolidatedNon-ConsolidatedNon-Consolidated

Consol idatedConsol idatedConsol idatedConsol idated

Key Factor in Operation <NonKey Factor in Operation <NonKey Factor in Operation <NonKey Factor in Operation <Non----Consolidated>Consolidated>Consolidated>Consolidated>Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003

Key Factor in Operation <NonKey Factor in Operation <NonKey Factor in Operation <NonKey Factor in Operation <NonKey Factor in Operation <NonKey Factor in Operation <NonKey Factor in Operation <NonKey Factor in Operation <Non--------Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003

99999999

１１１１１１１１. . . . . . . . EngineerEngineerEngineerEngineerEngineerEngineerEngineerEngineer’’s Operating Ratio s Operating Ratio s Operating Ratio s Operating Ratio s Operating Ratio s Operating Ratio s Operating Ratio s Operating Ratio (average for the fiscal year)(average for the fiscal year)(average for the fiscal year)(average for the fiscal year)(average for the fiscal year)(average for the fiscal year)(average for the fiscal year)(average for the fiscal year)

　　　　　　　　・・・・・・・・ Average engineerAverage engineerAverage engineerAverage engineerAverage engineerAverage engineerAverage engineerAverage engineer’’s utilization ratio for the fiscal year was s utilization ratio for the fiscal year was s utilization ratio for the fiscal year was s utilization ratio for the fiscal year was s utilization ratio for the fiscal year was s utilization ratio for the fiscal year was s utilization ratio for the fiscal year was s utilization ratio for the fiscal year was 91.6%91.6%91.6%91.6%91.6%91.6%91.6%91.6%. . . . . . . .

This was slightly less than forecasted This was slightly less than forecasted This was slightly less than forecasted This was slightly less than forecasted This was slightly less than forecasted This was slightly less than forecasted This was slightly less than forecasted This was slightly less than forecasted 91.7%91.7%91.7%91.7%91.7%91.7%91.7%91.7%........

　　　　　　　　＊＊＊＊＊＊＊＊ By the end of fiscal year, the ratio improved to 97.1% from 85.By the end of fiscal year, the ratio improved to 97.1% from 85.By the end of fiscal year, the ratio improved to 97.1% from 85.By the end of fiscal year, the ratio improved to 97.1% from 85.By the end of fiscal year, the ratio improved to 97.1% from 85.By the end of fiscal year, the ratio improved to 97.1% from 85.By the end of fiscal year, the ratio improved to 97.1% from 85.By the end of fiscal year, the ratio improved to 97.1% from 85.4% at 4% at 4% at 4% at 4% at 4% at 4% at 4% at

the end of April 2002.the end of April 2002.the end of April 2002.the end of April 2002.the end of April 2002.the end of April 2002.the end of April 2002.the end of April 2002.

２２２２２２２２. . . . . . . . Operating Hours Operating Hours Operating Hours Operating Hours Operating Hours Operating Hours Operating Hours Operating Hours (average for the fiscal year)(average for the fiscal year)(average for the fiscal year)(average for the fiscal year)(average for the fiscal year)(average for the fiscal year)(average for the fiscal year)(average for the fiscal year)

　　　　　　　　・・・・・・・・Average operating hours for the fiscal year was Average operating hours for the fiscal year was Average operating hours for the fiscal year was Average operating hours for the fiscal year was Average operating hours for the fiscal year was Average operating hours for the fiscal year was Average operating hours for the fiscal year was Average operating hours for the fiscal year was 9.189.189.189.189.189.189.189.18 hours per dayhours per dayhours per dayhours per dayhours per dayhours per dayhours per dayhours per daywhere it was where it was where it was where it was where it was where it was where it was where it was 9.109.109.109.109.109.109.109.10 hours per dayhours per dayhours per dayhours per dayhours per dayhours per dayhours per dayhours per day for the previous fiscal year. for the previous fiscal year. for the previous fiscal year. for the previous fiscal year. for the previous fiscal year. for the previous fiscal year. for the previous fiscal year. for the previous fiscal year.

＊＊＊＊＊＊＊＊Average for the second half of the fiscal year was Average for the second half of the fiscal year was Average for the second half of the fiscal year was Average for the second half of the fiscal year was Average for the second half of the fiscal year was Average for the second half of the fiscal year was Average for the second half of the fiscal year was Average for the second half of the fiscal year was 9.25 hours per day9.25 hours per day9.25 hours per day9.25 hours per day9.25 hours per day9.25 hours per day9.25 hours per day9.25 hours per day. . . . . . . .

３３３３３３３３. . . . . . . . Rate RevisionRate RevisionRate RevisionRate RevisionRate RevisionRate RevisionRate RevisionRate Revision　　　　　　　　・・・・・・・・ Price per hour was improved for Price per hour was improved for Price per hour was improved for Price per hour was improved for Price per hour was improved for Price per hour was improved for Price per hour was improved for Price per hour was improved for 0.96% 0.96% 0.96% 0.96% 0.96% 0.96% 0.96% 0.96% compared to the previous fiscal year. compared to the previous fiscal year. compared to the previous fiscal year. compared to the previous fiscal year. compared to the previous fiscal year. compared to the previous fiscal year. compared to the previous fiscal year. compared to the previous fiscal year.

Consolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsFiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003

Consolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsConsolidated Operating ResultsFiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003

1010101010101010





MeitecMeitecMeitecMeitec 55,37955,37955,37955,379 8,0278,0278,0278,027 8,2488,2488,2488,248 5,0175,0175,0175,017

Japan OutsourcingJapan OutsourcingJapan OutsourcingJapan Outsourcing 7,6007,6007,6007,600 993993993993 1,0001,0001,0001,000 572572572572

Japan CastJapan CastJapan CastJapan Cast 2,4882,4882,4882,488 94949494 94949494 54545454

3D Tec3D Tec3D Tec3D Tec 196196196196 -9-9-9-9 -3-3-3-3 -3-3-3-3

IMSIMSIMSIMS 291291291291 -3-3-3-3 3333 0000

MeiServiceMeiServiceMeiServiceMeiService 242242242242 12121212 13131313 8888

ConsolidatedConsolidatedConsolidatedConsolidated 65,73765,73765,73765,737 9,1489,1489,1489,148 9,1799,1799,1799,179 5,4725,4725,4725,472

※ Figures for the each companies are consolidated basis.※ Figures for the each companies are consolidated basis.※ Figures for the each companies are consolidated basis.※ Figures for the each companies are consolidated basis.


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Growth in Group RevenueGrowth in Group RevenueGrowth in Group RevenueGrowth in Group RevenueFiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003

Growth in Group RevenueGrowth in Group RevenueGrowth in Group RevenueGrowth in Group RevenueGrowth in Group RevenueGrowth in Group RevenueGrowth in Group RevenueGrowth in Group RevenueFiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003

※※※※※※※※Amounts are nonAmounts are nonAmounts are nonAmounts are nonAmounts are nonAmounts are nonAmounts are nonAmounts are non--------consolidated basisconsolidated basisconsolidated basisconsolidated basisconsolidated basisconsolidated basisconsolidated basisconsolidated basis

Fisc al Year 2 001Fisc al Year 2 001Fisc al Year 2 001Fisc al Year 2 001 Fisc al Year 2 003Fisc al Year 2 003Fisc al Year 2 003Fisc al Year 2 003 ChangeChangeChangeChange Change(% )Change(% )Change(% )Change(% )

Me i t ecMei t ecMei t ecMei t ec 555 .45 55 .45 55 .45 55 .4 5 53 .75 53 .75 53 .75 53 .7 - 1 .6- 1 .6- 1 .6- 1 .6 - 0 .3%-0 .3%-0 .3%-0 .3%

ＪＯ+ＪＣ+３Ｄ tec+IMS　※ＪＯ+ＪＣ+３Ｄ tec+IMS　※ＪＯ+ＪＣ+３Ｄ tec+IMS　※ＪＯ+ＪＣ+３Ｄ tec+IMS　※ 85 .78 5 .78 5 .78 5 .7 1 05 .71 05 .71 05 .71 05 .7 2 0 .02 0 .02 0 .02 0 .0 2 3 .3%23 .3%23 .3%23 .3%

Conso l idate d Net Sale sConso l idate d Net Sale sConso l idate d Net Sale sConso l idate d Net Sale s 640 .76 40 .76 40 .76 40 .7 6 57 .36 57 .36 57 .36 57 .3 1 6 .61 6 .61 6 .61 6 .6 2 .6 %2 .6 %2 .6 %2 .6 %

Rat io o f (ＪＯ+ＪＣ +３DTe c＋ＩＭＳ )R at io o f (ＪＯ+ＪＣ +３DTe c＋ＩＭＳ )R at io o f (ＪＯ+ＪＣ +３DTe c＋ＩＭＳ )R at io o f (ＪＯ+ＪＣ +３DTe c＋ＩＭＳ )

to Co nso l idate d Ne t Sa le sto Co nso l idate d Ne t Sa le sto Co nso l idate d Ne t Sa le sto Co nso l idate d Ne t Sa le s1 3 .4%13 .4%13 .4%13 .4% 16 .0%16 .0%16 .0%16 .0% 2 .6 %2 .6 %2 .6 %2 .6 % ----

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1111111111111111

MeitecMeitecMeitecMeitecMeitecMeitecMeitecMeitec86.686.686.686.686.686.686.686.6％％％％％％％％

JO+JC+JO+JC+JO+JC+JO+JC+JO+JC+JO+JC+JO+JC+JO+JC+3D3D3D3D3D3D3D3D tectectectectectectectec13.413.413.413.413.413.413.413.4％％％％％％％％

Fiscal Year 2001Fiscal Year 2001Fiscal Year 2001Fiscal Year 2001Fiscal Year 2001Fiscal Year 2001Fiscal Year 2001Fiscal Year 2001

MeitecMeitecMeitecMeitecMeitecMeitecMeitecMeitec84.084.084.084.084.084.084.084.0％％％％％％％％

JO+JC+JO+JC+JO+JC+JO+JC+JO+JC+JO+JC+JO+JC+JO+JC+3D 3D 3D 3D 3D 3D 3D 3D tectectectectectectectec+IMS+IMS+IMS+IMS+IMS+IMS+IMS+IMS

16.016.016.016.016.016.016.016.0％％％％％％％％

Fiscal Year 2003Fiscal Year 2003Fiscal Year 2003Fiscal Year 2003Fiscal Year 2003Fiscal Year 2003Fiscal Year 2003Fiscal Year 2003((((Millions of Yen)Millions of Yen)Millions of Yen)Millions of Yen)

NonNonNonNon----Consolidated SG&A Expenses and Cost of Sales,Consolidated SG&A Expenses and Cost of Sales,Consolidated SG&A Expenses and Cost of Sales,Consolidated SG&A Expenses and Cost of Sales,and Their Ratio to the Salesand Their Ratio to the Salesand Their Ratio to the Salesand Their Ratio to the Sales

NonNonNonNonNonNonNonNon--------Consolidated SG&A Expenses and Cost of Sales,Consolidated SG&A Expenses and Cost of Sales,Consolidated SG&A Expenses and Cost of Sales,Consolidated SG&A Expenses and Cost of Sales,Consolidated SG&A Expenses and Cost of Sales,Consolidated SG&A Expenses and Cost of Sales,Consolidated SG&A Expenses and Cost of Sales,Consolidated SG&A Expenses and Cost of Sales,

and Their Ratio to the Salesand Their Ratio to the Salesand Their Ratio to the Salesand Their Ratio to the Salesand Their Ratio to the Salesand Their Ratio to the Salesand Their Ratio to the Salesand Their Ratio to the Sales

1212121212121212

73737373 85858585 86868686 76767676 76767676 75757575 71717171 70707070

229229229229252252252252

309309309309 344344344344 355355355355 376376376376 392392392392 403403403403

7777777780808080

98989898

5858585837373737

94949494

104104104104 93939393

12 .7%12 .7%12 .7%12 .7%15 .0%15 .0%15 .0%15 .0%14 .7%14 .7%14 .7%14 .7%17 .6%17 .6%17 .6%17 .6%21 .5%21 .5%21 .5%21 .5%21 .5%21 .5%21 .5%21 .5%

13 .6%13 .6%13 .6%13 .6%12 .8%12 .8%12 .8%12 .8%

73%73%73%73%70%70%70%70%66%66%66%66%63%63%63%63%64%64%64%64%

68%68%68%68% 68%68%68%68% 70%70%70%70%

86%86%86%86%85%85%85%85%85%85%85%85%

81%81%81%81% 81%81%81%81%89%89%89%89%

81%81%81%81% 83%83%83%83%

0000

100100100100

200200200200

300300300300

400400400400

500500500500

600600600600

19 96/ 319 96/ 319 96/ 319 96/ 3 19 97/ 319 97/ 319 97/ 319 97/ 3 19 98/ 319 98/ 319 98/ 319 98/ 3 19 99/ 319 99/ 319 99/ 319 99/ 3 20 00/ 320 00/ 320 00/ 320 00/ 3 20 01/ 320 01/ 320 01/ 320 01/ 3 20 02/ 320 02/ 320 02/ 320 02/ 3 20 03/ 320 03/ 320 03/ 320 03/ 3

0%0%0%0%

10%10%10%10%

20%20%20%20%

30%30%30%30%

40%40%40%40%

50%50%50%50%

60%60%60%60%

70%70%70%70%

80%80%80%80%

90%90%90%90%

100%100%100%100%

SG&A E xpensesSG&A E xpensesSG&A E xpensesSG&A E xpenses Cost of Sal esCost of Sal esCost of Sal esCost of Sal es

Operat i ng IncomeOperat i ng IncomeOperat i ng IncomeOperat i ng Income SG&A E xpenses t o Net Sal esSG&A E xpenses t o Net Sal esSG&A E xpenses t o Net Sal esSG&A E xpenses t o Net Sal esCost of Sal es to Net Sal esCost of Sal es to Net Sal esCost of Sal es to Net Sal esCost of Sal es to Net Sal es Cost of Sal es+SG&A E xpenses t o Net Sal esCost of Sal es+SG&A E xpenses t o Net Sal esCost of Sal es+SG&A E xpenses t o Net Sal esCost of Sal es+SG&A E xpenses t o Net Sal es

39 539 539 539 5

48 948 948 948 9 51 851 851 851 8 50 850 850 850 8

33 933 933 933 9

55 555 555 555 5 55 655 655 655 6 55 355 355 355 3（（（（Millions of YenMillions of YenMillions of YenMillions of Yen））））

Consolidated SG&A Expenses and Cost of Sales,Consolidated SG&A Expenses and Cost of Sales,Consolidated SG&A Expenses and Cost of Sales,Consolidated SG&A Expenses and Cost of Sales,and Their Ratio to the Salesand Their Ratio to the Salesand Their Ratio to the Salesand Their Ratio to the Sales

Consolidated SG&A Expenses and Cost of Sales,Consolidated SG&A Expenses and Cost of Sales,Consolidated SG&A Expenses and Cost of Sales,Consolidated SG&A Expenses and Cost of Sales,Consolidated SG&A Expenses and Cost of Sales,Consolidated SG&A Expenses and Cost of Sales,Consolidated SG&A Expenses and Cost of Sales,Consolidated SG&A Expenses and Cost of Sales,and Their Ratio to the Salesand Their Ratio to the Salesand Their Ratio to the Salesand Their Ratio to the Salesand Their Ratio to the Salesand Their Ratio to the Salesand Their Ratio to the Salesand Their Ratio to the Sales

1313131313131313

81818181 88888888 92929292 90909090 86868686 88888888 84848484 83838383

292292292292 327327327327391391391391 416416416416 409409409409 440440440440 464464464464 483483483483

82828282

91919191101101101101113113113113108108108108

4141414171717171

101101101101

12 .6%12 .6%12 .6%12 .6%12 .9%12 .9%12 .9%12 .9%13 .7%13 .7%13 .7%13 .7%19 .6%19 .6%19 .6%19 .6% 18 .1%18 .1%18 .1%18 .1% 15 .6%15 .6%15 .6%15 .6% 14 .9%14 .9%14 .9%14 .9% 14 .9%14 .9%14 .9%14 .9%

73%73%73%73%72%72%72%72%69%69%69%69%71%71%71%71% 67%67%67%67% 66%66%66%66% 68%68%68%68% 71%71%71%71%

86%86%86%86%84%84%84%84%82%82%82%82%90%90%90%90%

83%83%83%83%82%82%82%82%85%85%85%85% 86%86%86%86%

0000

100100100100

200200200200

300300300300

400400400400

500500500500

600600600600

700700700700

199 6/3199 6/3199 6/3199 6/3 199 7/3199 7/3199 7/3199 7/3 199 8/3199 8/3199 8/3199 8/3 199 9/3199 9/3199 9/3199 9/3 200 0/3200 0/3200 0/3200 0/3 200 1/3200 1/3200 1/3200 1/3 200 2/3200 2/3200 2/3200 2/3 200 3/3200 3/3200 3/3200 3/3

0%0%0%0%

20%20%20%20%

40%40%40%40%

60%60%60%60%

80%80%80%80%

100%100%100%100%

Co st o f S al e s t o Ne t Sal e sCo st o f S al e s t o Ne t Sal e sCo st o f S al e s t o Ne t Sal e sCo st o f S al e s t o Ne t Sal e s Co st o f S al e sCo st o f S al e sCo st o f S al e sCo st o f S al e s

S G& A E xpe n se s t o Ne t S al e sS G& A E xpe n se s t o Ne t S al e sS G& A E xpe n se s t o Ne t S al e sS G& A E xpe n se s t o Ne t S al e s S G& A E xpe n se s t o Ne t S al e sS G& A E xpe n se s t o Ne t S al e sS G& A E xpe n se s t o Ne t S al e sS G& A E xpe n se s t o Ne t S al e s

Co st o f S al e s t o Ne t Sal e sCo st o f S al e s t o Ne t Sal e sCo st o f S al e s t o Ne t Sal e sCo st o f S al e s t o Ne t Sal e s Co st o f S al e s+ SG& A E xpe n se s t o Ne t S al e sCo st o f S al e s+ SG& A E xpe n se s t o Ne t S al e sCo st o f S al e s+ SG& A E xpe n se s t o Ne t S al e sCo st o f S al e s+ SG& A E xpe n se s t o Ne t S al e s

4 8 54 8 54 8 54 8 5

5 9 15 9 15 9 15 9 1 6 0 86 0 86 0 86 0 8 5 7 75 7 75 7 75 7 7

4 1 44 1 44 1 44 1 4

6 4 16 4 16 4 16 4 1 6 4 96 4 96 4 96 4 9 6 5 76 5 76 5 76 5 7（（（（Millions of YenMillions of YenMillions of YenMillions of Yen））））

Capital Investments and DepreciationsCapital Investments and DepreciationsCapital Investments and DepreciationsCapital Investments and Depreciations <Non<Non<Non<Non----Consolidated>Consolidated>Consolidated>Consolidated>From the Fiscal year ended March 31, 1998 to the Fiscal year endFrom the Fiscal year ended March 31, 1998 to the Fiscal year endFrom the Fiscal year ended March 31, 1998 to the Fiscal year endFrom the Fiscal year ended March 31, 1998 to the Fiscal year ended March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003

Capital Investments and DepreciationsCapital Investments and DepreciationsCapital Investments and DepreciationsCapital Investments and DepreciationsCapital Investments and DepreciationsCapital Investments and DepreciationsCapital Investments and DepreciationsCapital Investments and Depreciations <Non<Non<Non<Non<Non<Non<Non<Non--------Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>From the Fiscal year ended March 31, 1998 to the Fiscal year endFrom the Fiscal year ended March 31, 1998 to the Fiscal year endFrom the Fiscal year ended March 31, 1998 to the Fiscal year endFrom the Fiscal year ended March 31, 1998 to the Fiscal year endFrom the Fiscal year ended March 31, 1998 to the Fiscal year endFrom the Fiscal year ended March 31, 1998 to the Fiscal year endFrom the Fiscal year ended March 31, 1998 to the Fiscal year endFrom the Fiscal year ended March 31, 1998 to the Fiscal year ended March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003

1414141414141414

11.311.311.311.3

9.49.49.49.4

6.06.06.06.0

9.09.09.09.0

3.43.43.43.44.84.84.84.8

5.05.05.05.0

12.012.012.012.012.712.712.712.712.712.712.712.7

10.310.310.310.3

11.011.011.011.0

0000

4444

8888

12121212

16161616

1998199819981998 1999199919991999 2000200020002000 2001200120012001 2002200220022002 2003200320032003

Capita l InCapita l InCapita l InCapita l InDeprDeprDeprDepr

(100 Mmllion yen)(100 Mmllion yen)(100 Mmllion yen)(100 Mmllion yen)

Capital InvestmentCapital InvestmentCapital InvestmentCapital InvestmentDepreciationDepreciationDepreciationDepreciation

92.5%92.5%92.5%92.5%

94.7%94.7%94.7%94.7%93.9%93.9%93.9%93.9%

95.6%95.6%95.6%95.6%95.9%95.9%95.9%95.9%

88.7%88.7%88.7%88.7%

91.2%91.2%91.2%91.2% 86.7%86.7%86.7%86.7%

93.1%93.1%93.1%93.1%

93.7%93.7%93.7%93.7%

95.9%95.9%95.9%95.9%

90.5%90.5%90.5%90.5%

95.6%95.6%95.6%95.6%

96.8%96.8%96.8%96.8%

99.1%99.1%99.1%99.1%99.3%99.3%99.3%99.3%

94.7%94.7%94.7%94.7% 95.3%95.3%95.3%95.3%

88.6%88.6%88.6%88.6%

94.6%94.6%94.6%94.6%

75%

80%

85%

90%

95%

100%

98/04 98/07 98/10 99/01 99/04 99/07 99/10 00/01 00/04 00/07 00/10 01/01 01/04 01/07 01/10 02/01 02/04 02/07 02/10 03/01

QuartQuartQuartQuart Operating Ratio,excluding new employeesOperating Ratio,excluding new employeesOperating Ratio,excluding new employeesOperating Ratio,excluding new employees Companywide Operating RatioCompanywide Operating RatioCompanywide Operating RatioCompanywide Operating Ratio

Operating Ratio <NonOperating Ratio <NonOperating Ratio <NonOperating Ratio <Non----Consolidated>Consolidated>Consolidated>Consolidated>Operating Ratio <NonOperating Ratio <NonOperating Ratio <NonOperating Ratio <NonOperating Ratio <NonOperating Ratio <NonOperating Ratio <NonOperating Ratio <Non--------Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>

1515151515151515

Restructuring Restructuring Restructuring Restructuring periods periods periods periods

by customersby customersby customersby customers

Restructuring Restructuring Restructuring Restructuring periods periods periods periods

by customersby customersby customersby customers

Quarter Period AverageQuarter Period AverageQuarter Period AverageQuarter Period Average

Fiscal Year Ended Fiscal Year Ended Fiscal Year Ended Fiscal Year Ended March 31,1999March 31,1999March 31,1999March 31,1999

Fiscal Year EndedFiscal Year EndedFiscal Year EndedFiscal Year EndedMarch 31,2001March 31,2001March 31,2001March 31,2001




＊＊＊＊Operating ratio=Total hours in operation/(Total hours in operatiOperating ratio=Total hours in operation/(Total hours in operatiOperating ratio=Total hours in operation/(Total hours in operatiOperating ratio=Total hours in operation/(Total hours in operation+Total hours not in operation)on+Total hours not in operation)on+Total hours not in operation)on+Total hours not in operation)

Hours of Operations <NonHours of Operations <NonHours of Operations <NonHours of Operations <Non----Consolidated>Consolidated>Consolidated>Consolidated>Hours of Operations <NonHours of Operations <NonHours of Operations <NonHours of Operations <NonHours of Operations <NonHours of Operations <NonHours of Operations <NonHours of Operations <Non--------Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>

1616161616161616

8.08.08.08.0

8.28.28.28.2

8.48.48.48.4

8.68.68.68.6

8.88.88.88.8

9.09.09.09.0

9.29.29.29.2

9.49.49.49.4

9.69.69.69.6

9.89.89.89.8

1995/041995/041995/041995/04 1996/041996/041996/041996/04 1997/041997/041997/041997/04 1998/041998/041998/041998/04 1999/041999/041999/041999/04 2000/042000/042000/042000/04 2001/042001/042001/042001/04 2002/042002/042002/042002/04

Hours

of

Opera

tions（H

/day

Hours

of

Opera

tions（H

/day

Hours

of

Opera

tions（H

/day

Hours

of

Opera

tions（H

/day

Average Hours of OperationsAverage Hours of OperationsAverage Hours of OperationsAverage Hours of Operations

Hours of OperationsHours of OperationsHours of OperationsHours of Operations

polynomial expression (Hours of Operations)polynomial expression (Hours of Operations)polynomial expression (Hours of Operations)polynomial expression (Hours of Operations)

Fiscal YearFiscal YearFiscal YearFiscal YearEnded MarchEnded MarchEnded MarchEnded March

31,200131,200131,200131,2001

Average Average Average Average ：：：：9.239.239.239.23ＨＨＨＨ


31,199631,199631,199631,1996



31,199731,199731,199731,1997



31,199831,199831,199831,1998



31,199931,199931,199931,1999



31,200031,200031,200031,2000



31,200231,200231,200231,2002



31,200331,200331,200331,2003


( (((H/da

y)H

/da

y)H

/da

y)H

/da

y)

Trend in New Orders by the Month Trend in New Orders by the Month Trend in New Orders by the Month Trend in New Orders by the Month <Non<Non<Non<Non----Consolidated>Consolidated>Consolidated>Consolidated>

Trend in New Orders by the Month Trend in New Orders by the Month Trend in New Orders by the Month Trend in New Orders by the Month Trend in New Orders by the Month Trend in New Orders by the Month Trend in New Orders by the Month Trend in New Orders by the Month <Non<Non<Non<Non<Non<Non<Non<Non--------Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>

1717171717171717

0000

50505050

100100100100

150150150150

200200200200

250250250250

300300300300

350350350350

400400400400

450450450450

4444 5555 6666 7777 8888 9999 101010101111111112121212 1111 2222 3333 4444 5555 6666 7777 8888 9999 101010101111111112121212 1111 2222 3333 4444 5555 6666 7777 8888 9999 101010101111111112121212 1111 2222 3333 4444 5555 6666 7777 8888 9999 101010101111111112121212 1111 2222 3333 4444

(Nomber of New Orders)(Nomber of New Orders)(Nomber of New Orders)(Nomber of New Orders)

0000

50505050

100100100100

150150150150

200200200200

250250250250

300300300300

350350350350

400400400400

450450450450

New OrdersNew OrdersNew OrdersNew Orders

Compared with the same month in the previous yearCompared with the same month in the previous yearCompared with the same month in the previous yearCompared with the same month in the previous year

‘99999999 ‘00000000 ‘01010101 ‘02020202

Compared withCompared withCompared withCompared withthe same month the same month the same month the same month in the previous in the previous in the previous in the previous year year year year （％）（％）（％）（％）

Trend in Average Rate <NonTrend in Average Rate <NonTrend in Average Rate <NonTrend in Average Rate <Non----Consolidate>Consolidate>Consolidate>Consolidate>From the Fiscal year ended March 31, 1997 to the Fiscal year endFrom the Fiscal year ended March 31, 1997 to the Fiscal year endFrom the Fiscal year ended March 31, 1997 to the Fiscal year endFrom the Fiscal year ended March 31, 1997 to the Fiscal year ended March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003

Trend in Average Rate <NonTrend in Average Rate <NonTrend in Average Rate <NonTrend in Average Rate <NonTrend in Average Rate <NonTrend in Average Rate <NonTrend in Average Rate <NonTrend in Average Rate <Non--------Consolidate>Consolidate>Consolidate>Consolidate>Consolidate>Consolidate>Consolidate>Consolidate>From the Fiscal year ended March 31, 1997 to the Fiscal year endFrom the Fiscal year ended March 31, 1997 to the Fiscal year endFrom the Fiscal year ended March 31, 1997 to the Fiscal year endFrom the Fiscal year ended March 31, 1997 to the Fiscal year endFrom the Fiscal year ended March 31, 1997 to the Fiscal year endFrom the Fiscal year ended March 31, 1997 to the Fiscal year endFrom the Fiscal year ended March 31, 1997 to the Fiscal year endFrom the Fiscal year ended March 31, 1997 to the Fiscal year ended March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003ed March 31, 2003

4,6304,6304,6304,630 4,6524,6524,6524,652 4,6674,6674,6674,667 4,6074,6074,6074,607 4,6824,6824,6824,682 4,7194,7194,7194,719 4,7004,7004,7004,700

3 ,0003 ,0003 ,0003 ,000

3 ,5003 ,5003 ,5003 ,500

4 ,0004 ,0004 ,0004 ,000

4 ,5004 ,5004 ,5004 ,500

5 ,0005 ,0005 ,0005 ,000

5 ,5005 ,5005 ,5005 ,500

6 ,0006 ,0006 ,0006 ,000

FiscalFiscalFiscalFiscal

19 97199719971997


19 98199819981998


19 99199919991999


20 00200020002000


20 01200120012001


20 02200220022002


20 03200320032003

RateRateRateRate

1818181818181818

（（（（YenYenYenYen））））

Trend in Number of SG&A Staff Trend in Number of SG&A Staff Trend in Number of SG&A Staff Trend in Number of SG&A Staff and Overhead Ratio <Nonand Overhead Ratio <Nonand Overhead Ratio <Nonand Overhead Ratio <Non----Consolidated>Consolidated>Consolidated>Consolidated>

From the Fiscal year ended March 31, 1997 to the Fiscal year endFrom the Fiscal year ended March 31, 1997 to the Fiscal year endFrom the Fiscal year ended March 31, 1997 to the Fiscal year endFrom the Fiscal year ended March 31, 1997 to the Fiscal year ended March 31, 2003 ed March 31, 2003 ed March 31, 2003 ed March 31, 2003

Trend in Number of SG&A Staff Trend in Number of SG&A Staff Trend in Number of SG&A Staff Trend in Number of SG&A Staff Trend in Number of SG&A Staff Trend in Number of SG&A Staff Trend in Number of SG&A Staff Trend in Number of SG&A Staff and Overhead Ratio <Nonand Overhead Ratio <Nonand Overhead Ratio <Nonand Overhead Ratio <Nonand Overhead Ratio <Nonand Overhead Ratio <Nonand Overhead Ratio <Nonand Overhead Ratio <Non--------Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>

From the Fiscal year ended March 31, 1997 to the Fiscal year endFrom the Fiscal year ended March 31, 1997 to the Fiscal year endFrom the Fiscal year ended March 31, 1997 to the Fiscal year endFrom the Fiscal year ended March 31, 1997 to the Fiscal year endFrom the Fiscal year ended March 31, 1997 to the Fiscal year endFrom the Fiscal year ended March 31, 1997 to the Fiscal year endFrom the Fiscal year ended March 31, 1997 to the Fiscal year endFrom the Fiscal year ended March 31, 1997 to the Fiscal year ended March 31, 2003 ed March 31, 2003 ed March 31, 2003 ed March 31, 2003 ed March 31, 2003 ed March 31, 2003 ed March 31, 2003 ed March 31, 2003

1919191919191919

315315315315 341341341341 325325325325 344344344344 335335335335334334334334 335335335335

5,6815,6815,6815,6815,2975,2975,2975,2975,1655,1655,1655,165

4,7134,7134,7134,7133,8733,8733,8733,873

5,3505,3505,3505,350 5,5395,5395,5395,5395.6%5.6%5.6%5.6%5.9%5.9%5.9%5.9%5.9%5.9%5.9%5.9%

6.7%6.7%6.7%6.7%

7.5%7.5%7.5%7.5%

6.0%6.0%6.0%6.0% 5.7%5.7%5.7%5.7%

0000

1,0001,0001,0001,000

2,0002,0002,0002,000

3,0003,0003,0003,000

4,0004,0004,0004,000

5,0005,0005,0005,000

6,0006,0006,0006,000

7,0007,0007,0007,000

FY1997FY1997FY1997FY1997 FY1998FY1998FY1998FY1998 FY1999FY1999FY1999FY1999 FY2000FY2000FY2000FY2000 FY2001FY2001FY2001FY2001 FY2002FY2002FY2002FY2002 FY2003FY2003FY2003FY20030% 0% 0% 0%

2% 2% 2% 2%

4% 4% 4% 4%

6% 6% 6% 6%

8% 8% 8% 8%

10% 10% 10% 10%

12% 12% 12% 12%

14% 14% 14% 14%

Selling,general and administrative staff(SG&A)Selling,general and administrative staff(SG&A)Selling,general and administrative staff(SG&A)Selling,general and administrative staff(SG&A) EngineersEngineersEngineersEngineers SG&A ratioSG&A ratioSG&A ratioSG&A ratio

4,1884,1884,1884,188

5,0545,0545,0545,0545,4905,4905,4905,490

5,6315,6315,6315,631 5,6945,6945,6945,694 5,8745,8745,8745,874 6,0166,0166,0166,016

0000

20202020

40404040

60606060

80808080

100100100100

120120120120

140140140140

Auto

mob

ile/T

rans

portaion

Airc

raft/

Aero

spac

e

Indu

stria

l Mch

iner

y

Prec

ision

Equ

ipmen

t

IT R

elat

ed H

ardw

are

and De

vice

s

Elec

tric and

Elect

ronics

Semicon

duct

or and

Inte

grat

ed C

ircuits

Des

ign

Semicon

duct

or E

quipmen

t an

d De

vice

s

Info

rmat

ion

Proc

essin

g/So

ftwar

ePl

ant

Con

stru

ction

Oth

er

1997/3 1998/3 1999/3 2000/3 2001/3 2002/3 2003/3

Comparison of Sales Trend by the Industrial Comparison of Sales Trend by the Industrial Comparison of Sales Trend by the Industrial Comparison of Sales Trend by the Industrial Segments <NonSegments <NonSegments <NonSegments <Non----Consolidated>Consolidated>Consolidated>Consolidated>

Comparison of Sales Trend by the Industrial Comparison of Sales Trend by the Industrial Comparison of Sales Trend by the Industrial Comparison of Sales Trend by the Industrial Comparison of Sales Trend by the Industrial Comparison of Sales Trend by the Industrial Comparison of Sales Trend by the Industrial Comparison of Sales Trend by the Industrial Segments <NonSegments <NonSegments <NonSegments <NonSegments <NonSegments <NonSegments <NonSegments <Non--------Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>

2020202020202020

（（（（100

100

100

100

Mill

ion Y

enM

illio

n Y

enM

illio

n Y

enM

illio

n Y

en））））

Sales at the Interim Period by the Industrial Sales at the Interim Period by the Industrial Sales at the Interim Period by the Industrial Sales at the Interim Period by the Industrial Segments <NonSegments <NonSegments <NonSegments <Non----Consolidated>Consolidated>Consolidated>Consolidated>

Sales at the Interim Period by the Industrial Sales at the Interim Period by the Industrial Sales at the Interim Period by the Industrial Sales at the Interim Period by the Industrial Sales at the Interim Period by the Industrial Sales at the Interim Period by the Industrial Sales at the Interim Period by the Industrial Sales at the Interim Period by the Industrial Segments <NonSegments <NonSegments <NonSegments <NonSegments <NonSegments <NonSegments <NonSegments <Non--------Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>

2121212121212121

FiscalFiscalFiscalFiscal2000200020002000



NetNetNetNetSalesSalesSalesSales

Total NetTotal NetTotal NetTotal NetSales(%)Sales(%)Sales(%)Sales(%)

ChangChangChangChangeeee

Automobile/Transpor tat ionAutomobile/Transpor tat ionAutomobile/Transpor tat ionAutomobile/Transpor tat ion 8 ,5018 ,5018 ,5018 ,501 9 ,4649 ,4649 ,4649 ,464 10 ,90410 ,90410 ,90410 ,904 12 ,09012 ,09012 ,09012 ,090 21 .8% 21 .8% 21 .8% 21 .8% 1 ,1851 ,1851 ,1851 ,185 +10 .9%+10 .9%+10 .9%+10 .9% ↑↑↑↑

Aircraft/AerospaceAi rcraft/AerospaceAi rcraft/AerospaceAi rcraft/Aerospace 4 ,4174 ,4174 ,4174 ,417 3 ,5923 ,5923 ,5923 ,592 3 ,4313 ,4313 ,4313 ,431 3 ,6563 ,6563 ,6563 ,656 6 .6% 6 .6% 6 .6% 6 .6% 224224224224 +6 .6%+6 .6%+6 .6%+6 .6% ↑↑↑↑

Industr ial Mach ineryIndustr ial Mach ineryIndustr ial Mach ineryIndustr ial Mach inery 6 ,7246 ,7246 ,7246 ,724 6 ,0286 ,0286 ,0286 ,028 5 ,3195 ,3195 ,3195 ,319 5 ,2135 ,2135 ,2135 ,213 9 .4% 9 .4% 9 .4% 9 .4% -105-105-105-105 -2 .0%-2 .0%-2 .0%-2 .0% ↓↓↓↓

Prec ision Equ ipmentPrec ision Equ ipmentPrec ision Equ ipmentPrec ision Equ ipment 2 ,4192 ,4192 ,4192 ,419 2 ,2382 ,2382 ,2382 ,238 2 ,3172 ,3172 ,3172 ,317 2 ,2152 ,2152 ,2152 ,215 4 .0% 4 .0% 4 .0% 4 .0% -101-101-101-101 -4 .4%-4 .4%-4 .4%-4 .4% ↓↓↓↓

IT Re lated Hardware and DevicesIT Related Hardware and DevicesIT Related Hardware and DevicesIT Related Hardware and Devices 6 ,1526 ,1526 ,1526 ,152 6 ,8206 ,8206 ,8206 ,820 6 ,4746 ,4746 ,4746 ,474 5 ,5295 ,5295 ,5295 ,529 10 .0% 10 .0% 10 .0% 10 .0% -944-944-944-944 -14 .6%-14 .6%-14 .6%-14 .6% ↓↓↓↓

Electric and ElectronicsElectric and ElectronicsElectric and ElectronicsElectric and Electronics 5 ,3375 ,3375 ,3375 ,337 6 ,0506 ,0506 ,0506 ,050 6 ,7296 ,7296 ,7296 ,729 7 ,3597 ,3597 ,3597 ,359 13 .3% 13 .3% 13 .3% 13 .3% 630630630630 +9 .4%+9 .4%+9 .4%+9 .4% ↑↑↑↑S em i cond uct or s an d In te g ra te d Ci rc ui ts De s i gnS em i cond uct or s an d In te g ra te d Ci rc ui ts De s i gnS em i cond uct or s an d In te g ra te d Ci rc ui ts De s i gnS em i cond uct or s an d In te g ra te d Ci rc ui ts De s i gn 6 ,4476 ,4476 ,4476 ,447 8 ,5988 ,5988 ,5988 ,598 9 ,0069 ,0069 ,0069 ,006 8 ,8198 ,8198 ,8198 ,819 15 .9% 15 .9% 15 .9% 15 .9% -187-187-187-187 -2 .1%-2 .1%-2 .1%-2 .1% ↓↓↓↓

Semic on duc to r Equ ipmen t an d De vic esSemic on duc to r Equ ipmen t an d De vic esSemic on duc to r Equ ipmen t an d De vic esSemic on duc to r Equ ipmen t an d De vic es 3 ,3253 ,3253 ,3253 ,325 5 ,2775 ,2775 ,2775 ,277 4 ,3554 ,3554 ,3554 ,355 3 ,3463 ,3463 ,3463 ,346 6 .0% 6 .0% 6 .0% 6 .0% -1 ,008-1 ,008-1 ,008-1 ,008 -23 .2%-23 .2%-23 .2%-23 .2% ↓↓↓↓

In format ion Processing/SoftwareInformat ion Processing/SoftwareInformat ion Processing/SoftwareInformat ion Processing/Software 4 ,2124 ,2124 ,2124 ,212 3 ,9003 ,9003 ,9003 ,900 3 ,5403 ,5403 ,5403 ,540 3 ,8593 ,8593 ,8593 ,859 7 .0% 7 .0% 7 .0% 7 .0% 318318318318 +9 .0%+9 .0%+9 .0%+9 .0% ↑↑↑↑

PlantPlantPlantPlant 1 ,3461 ,3461 ,3461 ,346 1 ,2591 ,2591 ,2591 ,259 1 ,1851 ,1851 ,1851 ,185 1 ,0411 ,0411 ,0411 ,041 1 .9% 1 .9% 1 .9% 1 .9% -144-144-144-144 -12 .2%-12 .2%-12 .2%-12 .2% ↓↓↓↓

Construct ionConstruct ionConstruct ionConstruct ion 447447447447 497497497497 369369369369 384384384384 0 .7% 0 .7% 0 .7% 0 .7% 15151515 +4 .1%+4 .1%+4 .1%+4 .1% ↑↑↑↑

OtherOtherOtherOther 1 ,4471 ,4471 ,4471 ,447 1 ,8201 ,8201 ,8201 ,820 2 ,0032 ,0032 ,0032 ,003 1 ,8621 ,8621 ,8621 ,862 3 .4% 3 .4% 3 .4% 3 .4% -141-141-141-141 -7 .0%-7 .0%-7 .0%-7 .0% ↓↓↓↓

TotalTotalTotalTotal 50 ,77350 ,77350 ,77350 ,773 55 ,54255 ,54255 ,54255 ,542 55 ,63755 ,63755 ,63755 ,637 55 ,37955 ,37955 ,37955 ,379 100 .0% 100 .0% 100 .0% 100 .0% -258-258-258-258 ---- ----

SegmentSegmentSegmentSegment

Net SalesNet SalesNet SalesNet Sales

Fiscal 2003Fiscal 2003Fiscal 2003Fiscal 2003

Change (%)Change (%)Change (%)Change (%)

��

��

��

��

��

��

��

��

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((((((((Millions of Yen)Millions of Yen)Millions of Yen)Millions of Yen)Millions of Yen)Millions of Yen)Millions of Yen)Millions of Yen)

Weight of Sales from Semiconductor Weight of Sales from Semiconductor Weight of Sales from Semiconductor Weight of Sales from Semiconductor Integrated Circuits Design and Semiconductor Integrated Circuits Design and Semiconductor Integrated Circuits Design and Semiconductor Integrated Circuits Design and Semiconductor

Manufacturing Equipments Industries Manufacturing Equipments Industries Manufacturing Equipments Industries Manufacturing Equipments Industries

Weight of Sales from Semiconductor Weight of Sales from Semiconductor Weight of Sales from Semiconductor Weight of Sales from Semiconductor Weight of Sales from Semiconductor Weight of Sales from Semiconductor Weight of Sales from Semiconductor Weight of Sales from Semiconductor Integrated Circuits Design and Semiconductor Integrated Circuits Design and Semiconductor Integrated Circuits Design and Semiconductor Integrated Circuits Design and Semiconductor Integrated Circuits Design and Semiconductor Integrated Circuits Design and Semiconductor Integrated Circuits Design and Semiconductor Integrated Circuits Design and Semiconductor

Manufacturing Equipments Industries Manufacturing Equipments Industries Manufacturing Equipments Industries Manufacturing Equipments Industries Manufacturing Equipments Industries Manufacturing Equipments Industries Manufacturing Equipments Industries Manufacturing Equipments Industries

2222222222222222

8,5988,5988,5988,598

6,4476,4476,4476,447

5,2165,2165,2165,216

9,0069,0069,0069,006 8,8198,8198,8198,819

2,9182,9182,9182,918

3,9823,9823,9823,982

2,7702,7702,7702,770

5,2775,2775,2775,2774,8404,8404,8404,840

3,8033,8033,8033,803

3,3253,3253,3253,325 3,3463,3463,3463,346

4,3554,3554,3554,3557.4%7.4%7.4%7.4%8.1%8.1%8.1%8.1%

10.1%10.1%10.1%10.1%

12.7%12.7%12.7%12.7%

15.5%15.5%15.5%15.5%

15.9%15.9%15.9%15.9%

16.2%16.2%16.2%16.2%

9.5%9.5%9.5%9.5%

6.5%6.5%6.5%6.5%7.3%7.3%7.3%7.3%

9.9%9.9%9.9%9.9%

7.0%7.0%7.0%7.0%

7.8%7.8%7.8%7.8%

6.0%6.0%6.0%6.0%

0000

1,0001,0001,0001,000

2,0002,0002,0002,000

3,0003,0003,0003,000

4,0004,0004,0004,000

5,0005,0005,0005,000

6,0006,0006,0006,000

7,0007,0007,0007,000

8,0008,0008,0008,000

9,0009,0009,0009,000

10,00010,00010,00010,000

1997年3月期1997年3月期1997年3月期1997年3月期 1998年3月期1998年3月期1998年3月期1998年3月期 1999年3月期1999年3月期1999年3月期1999年3月期 2000年3月期2000年3月期2000年3月期2000年3月期 2001年3月期2001年3月期2001年3月期2001年3月期 2002年3月期2002年3月期2002年3月期2002年3月期 2003年3月期2003年3月期2003年3月期2003年3月期

NetSales (Millions of Yen)




0%0%0%0%

2%2%2%2%

4%4%4%4%

6%6%6%6%

8%8%8%8%

10%10%10%10%

12%12%12%12%

14%14%14%14%

16%16%16%16%

18%18%18%18%

Persentage of Total Net Sales(%)




半導体・集積回路関連半導体・集積回路関連半導体・集積回路関連半導体・集積回路関連半導体製造装置関連半導体製造装置関連半導体製造装置関連半導体製造装置関連集積回路売上構成比集積回路売上構成比集積回路売上構成比集積回路売上構成比製造装置売上構成比製造装置売上構成比製造装置売上構成比製造装置売上構成比

Fiscal Year EndedFiscal Year EndedFiscal Year EndedFiscal Year Ended

March 31,1997March 31,1997March 31,1997March 31,1997













Sales from Semiconductor Sales from Semiconductor Sales from Semiconductor Sales from Semiconductor IC Design IC Design IC Design IC Design

Sales from Semiconductor Sales from Semiconductor Sales from Semiconductor Sales from Semiconductor Manufacturing Equipments Design Manufacturing Equipments Design Manufacturing Equipments Design Manufacturing Equipments Design

Ratio to the Total Net Ratio to the Total Net Ratio to the Total Net Ratio to the Total Net Sales for IC Design Sales for IC Design Sales for IC Design Sales for IC Design

Ratio to the Total Net SalesRatio to the Total Net SalesRatio to the Total Net SalesRatio to the Total Net Salesfor Semiconductor MFG Equipment Design for Semiconductor MFG Equipment Design for Semiconductor MFG Equipment Design for Semiconductor MFG Equipment Design

2323232323232323

New Contracts by Segments （Apr,1 ,2002, to Mar,31 ,2003）New Contracts by Segments （Apr,1 ,2002, to Mar,31 ,2003）New Contracts by Segments （Apr,1 ,2002, to Mar,31 ,2003）New Contracts by Segments （Apr,1 ,2002, to Mar,31 ,2003）

15

11

3

7

27

147

23

40

95

33

245

50

220

230

35

43

24

20

62

10

10

4

4

8

11

19

2

7

5

6

4

3

1

13

7

45

40

14

3

4

7

7

15

116

1

5

2

31

1

1

2

1

86868686

99999999

43434343

59595959

123123123123

40404040

10101010

4444

77777777

246246246246

442442442442

128128128128

355355355355

0 50 100 150 200 250 300 350 400 450 500

Ot he rOt he rOt he rOt he r

Ot he r Mat e r i alsOt he r Mat e r i alsOt he r Mat e r i alsOt he r Mat e r i als

Con str u ct io nCon str u ct io nCon str u ct io nCon str u ct io n

Pl an tPl an tPl an tPl an t

In fo rmat io n Pr oc e ssi n g/So ftware De ve l opmen t an d M an agem en tIn fo rmat io n Pr oc e ssi n g/So ftware De ve l opmen t an d M an agem en tIn fo rmat io n Pr oc e ssi n g/So ftware De ve l opmen t an d M an agem en tIn fo rmat io n Pr oc e ssi n g/So ftware De ve l opmen t an d M an agem en t

Sem ic onduc t o r Equ ipm ent an d Devi c esSem ic onduc t o r Equ ipm ent an d Devi c esSem ic onduc t o r Equ ipm ent an d Devi c esSem ic onduc t o r Equ ipm ent an d Devi c es

Sem ic onduc t o rs an d In te gr ate d C i rc u it s De si gnSem ic onduc t o rs an d In te gr ate d C i rc u it s De si gnSem ic onduc t o rs an d In te gr ate d C i rc u it s De si gnSem ic onduc t o rs an d In te gr ate d C i rc u it s De si gn

Ele c tr ic an d Ele c tr o n icEle c tr ic an d Ele c tr o n icEle c tr ic an d Ele c tr o n icEle c tr ic an d Ele c tr o n ic

IT -Re lat e d Har dware an d De vi c esIT -Re lat e d Har dware an d De vi c esIT -Re lat e d Har dware an d De vi c esIT -Re lat e d Har dware an d De vi c es

Pr e c isio n Equ ipm entPr e c isio n Equ ipm entPr e c isio n Equ ipm entPr e c isio n Equ ipm ent

In du st r i al M ac h in e ryIn du st r i al M ac h in e ryIn du st r i al M ac h in e ryIn du st r i al M ac h in e ry

Ai rc r aft/Roc ke t ryAi rc r aft/Roc ke t ryAi rc r aft/Roc ke t ryAi rc r aft/Roc ke t ry

Au t omobi l e /T ran spor t at i onAu t omobi l e /T ran spor t at i onAu t omobi l e /T ran spor t at i onAu t omobi l e /T ran spor t at i on

MachineryMachineryMachineryMachinery Control SystemsControl SystemsControl SystemsControl Systems Information SystemsInformation SystemsInformation SystemsInformation Systems OtherOtherOtherOther

（Segment）（Segment）（Segment）（Segment）

（Number of Cortracts）（Number of Cortracts）（Number of Cortracts）（Number of Cortracts）

＊＊＊＊＊＊＊＊Figures have been revised from the document posted on May 7, 200Figures have been revised from the document posted on May 7, 200Figures have been revised from the document posted on May 7, 200Figures have been revised from the document posted on May 7, 200Figures have been revised from the document posted on May 7, 200Figures have been revised from the document posted on May 7, 200Figures have been revised from the document posted on May 7, 200Figures have been revised from the document posted on May 7, 2003.3.3.3.3.3.3.3.

Electric and ElectronicElectric and ElectronicElectric and ElectronicElectric and Electronic

New Contracts<NonNew Contracts<NonNew Contracts<NonNew Contracts<Non----consolidated>consolidated>consolidated>consolidated>Existing Engineers and Recent GraduatesExisting Engineers and Recent GraduatesExisting Engineers and Recent GraduatesExisting Engineers and Recent Graduates

New Contracts<NonNew Contracts<NonNew Contracts<NonNew Contracts<NonNew Contracts<NonNew Contracts<NonNew Contracts<NonNew Contracts<Non--------consolidated>consolidated>consolidated>consolidated>consolidated>consolidated>consolidated>consolidated>Existing Engineers and Recent GraduatesExisting Engineers and Recent GraduatesExisting Engineers and Recent GraduatesExisting Engineers and Recent GraduatesExisting Engineers and Recent GraduatesExisting Engineers and Recent GraduatesExisting Engineers and Recent GraduatesExisting Engineers and Recent Graduates

2424242424242424

New Contracts by Segments （Apr,1 ,2002, to Mar,31 ,2003）New Contracts by Segments （Apr,1 ,2002, to Mar,31 ,2003）New Contracts by Segments （Apr,1 ,2002, to Mar,31 ,2003）New Contracts by Segments （Apr,1 ,2002, to Mar,31 ,2003）

5

16

3

3

4

11

47

78

58

13

14

4

9

15

5

4

1012

1

1

1

28

1

1

1

3

5

2

2

1

14

6

1

3

1

2

2

30

3

14

4

2

3

82828282

10101010

86868686

86868686

23232323

1111

2222

15151515

33333333

23232323

17171717

18181818

38383838

0 20 40 60 80 100 120 140 160 180 200

Ot he rOt he rOt he rOt he r

Ot he r Mat e r i alsOt he r Mat e r i alsOt he r Mat e r i alsOt he r Mat e r i als

Con str u ct io nCon str u ct io nCon str u ct io nCon str u ct io n

Pl an tPl an tPl an tPl an t

In fo rmat io n Pr oc e ssi n g/So ftware De ve l opmen t an d M an agem en tIn fo rmat io n Pr oc e ssi n g/So ftware De ve l opmen t an d M an agem en tIn fo rmat io n Pr oc e ssi n g/So ftware De ve l opmen t an d M an agem en tIn fo rmat io n Pr oc e ssi n g/So ftware De ve l opmen t an d M an agem en t

Sem ic onduc t o r Equ ipm ent an d Devi c esSem ic onduc t o r Equ ipm ent an d Devi c esSem ic onduc t o r Equ ipm ent an d Devi c esSem ic onduc t o r Equ ipm ent an d Devi c es

Sem ic onduc t o rs an d In te gr ate d C i rc u it s De si gnSem ic onduc t o rs an d In te gr ate d C i rc u it s De si gnSem ic onduc t o rs an d In te gr ate d C i rc u it s De si gnSem ic onduc t o rs an d In te gr ate d C i rc u it s De si gn

Ele c tr ic an d Ele c tr o n icEle c tr ic an d Ele c tr o n icEle c tr ic an d Ele c tr o n icEle c tr ic an d Ele c tr o n ic

IT -Re lat e d Har dware an d De vi c esIT -Re lat e d Har dware an d De vi c esIT -Re lat e d Har dware an d De vi c esIT -Re lat e d Har dware an d De vi c es

Pr e c isio n Equ ipm entPr e c isio n Equ ipm entPr e c isio n Equ ipm entPr e c isio n Equ ipm ent

In du st r i al M ac h in e ryIn du st r i al M ac h in e ryIn du st r i al M ac h in e ryIn du st r i al M ac h in e ry

Ai rc r aft/Roc ke t ryAi rc r aft/Roc ke t ryAi rc r aft/Roc ke t ryAi rc r aft/Roc ke t ry

Au t omobi l e /T ran spor t at i onAu t omobi l e /T ran spor t at i onAu t omobi l e /T ran spor t at i onAu t omobi l e /T ran spor t at i on

MachineryMachineryMachineryMachinery Control SystemsControl SystemsControl SystemsControl Systems Information SystemsInformation SystemsInformation SystemsInformation Systems OtherOtherOtherOther

（Segment）（Segment）（Segment）（Segment）

（Number of Cortracts）（Number of Cortracts）（Number of Cortracts）（Number of Cortracts）

New Contracts<NonNew Contracts<NonNew Contracts<NonNew Contracts<Non----consolidated>consolidated>consolidated>consolidated>Recent GraduatesRecent GraduatesRecent GraduatesRecent Graduates

New Contracts<NonNew Contracts<NonNew Contracts<NonNew Contracts<NonNew Contracts<NonNew Contracts<NonNew Contracts<NonNew Contracts<Non--------consolidated>consolidated>consolidated>consolidated>consolidated>consolidated>consolidated>consolidated>Recent GraduatesRecent GraduatesRecent GraduatesRecent GraduatesRecent GraduatesRecent GraduatesRecent GraduatesRecent Graduates

Electric and ElectronicElectric and ElectronicElectric and ElectronicElectric and Electronic

＊＊＊＊＊＊＊＊Figures have been revised from the document posted on May 7, 200Figures have been revised from the document posted on May 7, 200Figures have been revised from the document posted on May 7, 200Figures have been revised from the document posted on May 7, 200Figures have been revised from the document posted on May 7, 200Figures have been revised from the document posted on May 7, 200Figures have been revised from the document posted on May 7, 200Figures have been revised from the document posted on May 7, 2003.3.3.3.3.3.3.3.

Top 10 Clients by Sales and Shares of Top 10 Clients by Sales and Shares of Top 10 Clients by Sales and Shares of Top 10 Clients by Sales and Shares of Net Sales <NonNet Sales <NonNet Sales <NonNet Sales <Non----Consolidated>Consolidated>Consolidated>Consolidated>

Top 10 Clients by Sales and Shares of Top 10 Clients by Sales and Shares of Top 10 Clients by Sales and Shares of Top 10 Clients by Sales and Shares of Top 10 Clients by Sales and Shares of Top 10 Clients by Sales and Shares of Top 10 Clients by Sales and Shares of Top 10 Clients by Sales and Shares of Net Sales <NonNet Sales <NonNet Sales <NonNet Sales <NonNet Sales <NonNet Sales <NonNet Sales <NonNet Sales <Non--------Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>Consolidated>

2525252525252525

SalesSalesSalesSales %%%% SalesSalesSalesSales %%%% SalesSalesSalesSales %%%%

1111 Mitsubishi HeavyMitsubishi HeavyMitsubishi HeavyMitsubishi Heavy 2,7632,7632,7632,763 5.6%5.6%5.6%5.6% 1111 Sony Corp.Sony Corp.Sony Corp.Sony Corp. 3,6743,6743,6743,674 6.6%6.6%6.6%6.6% 1111 Matsushita Elect r icMatsushita Elect r icMatsushita Elect r icMatsushita Elect r ic 4,1324,1324,1324,132 7.5%7.5%7.5%7.5%

2222 Oki ElectricOki ElectricOki ElectricOki Electric 1,9621,9621,9621,962 4.0%4.0%4.0%4.0% 2222 Seiko EpsonSeiko EpsonSeiko EpsonSeiko Epson 3,1843,1843,1843,184 5.8%5.8%5.8%5.8% 2222 Sony Corp.Sony Corp.Sony Corp.Sony Corp. 3,7373,7373,7373,737 6.7%6.7%6.7%6.7%

3333 NikonNikonNikonNikon 1,6571,6571,6571,657 3.4%3.4%3.4%3.4% 3333 Matsushita Elect r icMatsushita Elect r icMatsushita Elect r icMatsushita Elect r ic 3,0033,0033,0033,003 5.4%5.4%5.4%5.4% 3333 Seiko EpsonSeiko EpsonSeiko EpsonSeiko Epson 2,0702,0702,0702,070 3.7%3.7%3.7%3.7%

4444 Matsush ita ElectricMatsush ita ElectricMatsush ita ElectricMatsush ita Electric 1,6101,6101,6101,610 3.3%3.3%3.3%3.3% 4444 Mitsubishi H eavyMitsubishi H eavyMitsubishi H eavyMitsubishi H eavy 2,1342,1342,1342,134 3.9%3.9%3.9%3.9% 4444 Mitsubishi H eavyMitsubishi H eavyMitsubishi H eavyMitsubishi H eavy 2,0272,0272,0272,027 3.7%3.7%3.7%3.7%

5555 OmronOmronOmronOmron 1,6051,6051,6051,605 3.3%3.3%3.3%3.3% 5555 Canon Inc.Canon Inc.Canon Inc.Canon Inc. 1,9251,9251,9251,925 3.5%3.5%3.5%3.5% 5555 Toyota MotorToyota MotorToyota MotorToyota Motor 1,8721,8721,8721,872 3.4%3.4%3.4%3.4%

6666 Kawasaki HeavyKawasaki HeavyKawasaki HeavyKawasaki Heavy 1,4661,4661,4661,466 3.0%3.0%3.0%3.0% 6666 Toyota MotorToyota MotorToyota MotorToyota Motor 1,3221,3221,3221,322 2.4%2.4%2.4%2.4% 6666 Canon Inc.Canon Inc.Canon Inc.Canon Inc. 1,7781,7781,7781,778 3.2%3.2%3.2%3.2%

7777 Sony Corp.Sony Corp.Sony Corp.Sony Corp. 1,3911,3911,3911,391 2.8%2.8%2.8%2.8% 7777 NikonNikonNikonNikon 1,2921,2921,2921,292 2.3%2.3%2.3%2.3% 7777 Kawasaki HeavyKawasaki HeavyKawasaki HeavyKawasaki Heavy 1,2151,2151,2151,215 2.2%2.2%2.2%2.2%

8888 Canon Inc.Canon Inc.Canon Inc.Canon Inc. 1,0981,0981,0981,098 2.2%2.2%2.2%2.2% 8888 Jatoco T.T.Jatoco T.T.Jatoco T.T.Jatoco T.T. 1,2181,2181,2181,218 2.2%2.2%2.2%2.2% 8888 Jatoco T.T.Jatoco T.T.Jatoco T.T.Jatoco T.T. 1,1491,1491,1491,149 2.1%2.1%2.1%2.1%

9999 Seiko EpsonSeiko EpsonSeiko EpsonSeiko Epson 1,0701,0701,0701,070 2.2%2.2%2.2%2.2% 9999 OmronOmronOmronOmron 1,1311,1311,1311,131 2.0%2.0%2.0%2.0% 9999 OmronOmronOmronOmron 1,0851,0851,0851,085 2.0%2.0%2.0%2.0%

10101010 Nissan MotorNissan MotorNissan MotorNissan Motor 1,0511,0511,0511,051 2.1%2.1%2.1%2.1% 10101010 Kawasaki HeavyKawasaki HeavyKawasaki HeavyKawasaki Heavy 878878878878 1.6%1.6%1.6%1.6% 10101010 NikonNikonNikonNikon 1,0841,0841,0841,084 2.0%2.0%2.0%2.0%

15,673 32.0%32.0%32.0%32.0% 19,762 35.5%35.5%35.5%35.5% 20,149 36.4%36.4%36.4%36.4%

21,800 44.6%44.6%44.6%44.6% 26,357 47.4%47.4%47.4%47.4% 26,483 47.8%47.8%47.8%47.8%

OthersOthersOthersOthers 27,106 55.4%55.4%55.4%55.4% OthersOthersOthersOthers 29,281 52.6%52.6%52.6%52.6% OthersOthersOthersOthers 28,896 52.2%52.2%52.2%52.2%

48,906 100.0% 55,638 100.0% 55,379 100.0%

Top 10 Total Top 10 Total Top 10 Total Top 10 Total


Total Total Total Total Total Total Total Total Total Total Total Total



Fiscal year ended March 31,1998Fiscal year ended March 31,1998Fiscal year ended March 31,1998Fiscal year ended March 31,1998



Fiscal year ended March 31,2002Fiscal year ended March 31,2002Fiscal year ended March 31,2002Fiscal year ended March 31,2002 Fiscal year ended March 31,2003Fiscal year ended March 31,2003Fiscal year ended March 31,2003Fiscal year ended March 31,2003

Company NameCompany NameCompany NameCompany Name Company NameCompany NameCompany NameCompany Name Company NameCompany NameCompany NameCompany Name

��

��

＜＜＜＜＜＜＜＜Five years agoFive years agoFive years agoFive years agoFive years agoFive years agoFive years agoFive years ago＞＞＞＞＞＞＞＞＜＜＜＜＜＜＜＜ CurrentCurrentCurrentCurrentCurrentCurrentCurrentCurrent＞＞＞＞＞＞＞＞ ((((Million of Yen)Million of Yen)Million of Yen)Million of Yen)

Progress in Strategic RotationProgress in Strategic RotationProgress in Strategic RotationProgress in Strategic RotationProgress in Strategic RotationProgress in Strategic RotationProgress in Strategic RotationProgress in Strategic RotationProgress in Strategic RotationProgress in Strategic RotationProgress in Strategic RotationProgress in Strategic Rotation

2626262626262626

　　　　 Strategic RotationStrategic RotationStrategic RotationStrategic Rotation：：：：＜＜＜＜ Planned CasesPlanned CasesPlanned CasesPlanned Cases=753=753=753=753＞＞＞＞　　　　　　　　 ⇒⇒⇒⇒ Achieved improvement in job phase and rotation to other clientsAchieved improvement in job phase and rotation to other clientsAchieved improvement in job phase and rotation to other clientsAchieved improvement in job phase and rotation to other clients. . . .

2 062 062 062 06

2 932 932 932 93

1 441 441 441 44

1 101 101 101 102 062 062 062 06

4 994 994 994 99

6 436 436 436 43

7 537 537 537 53

0000

1 001 001 001 00

2 002 002 002 00

3 003 003 003 00

4 004 004 004 00

20 01/320 01/320 01/320 01/3 20 02/320 02/320 02/320 02/3 20 03/320 03/320 03/320 03/3 20 03/4～20 03/4～20 03/4～20 03/4～

Case

sC

ase

sC

ase

sC

ase

s

0000

2 002 002 002 00

4 004 004 004 00

6 006 006 006 00

8 008 008 008 00Nu mbe r o f r o t at io n in a fisc a l ye arNu mbe r o f r o t at io n in a fisc a l ye arNu mbe r o f r o t at io n in a fisc a l ye arNu mbe r o f r o t at io n in a fisc a l ye ar

Cu mu lat ive n u mbe r s o f r at io n do n eCu mu lat ive n u mbe r s o f r at io n do n eCu mu lat ive n u mbe r s o f r at io n do n eCu mu lat ive n u mbe r s o f r at io n do n e

( Pl a nne d)( Pl a nne d)( Pl a nne d)( Pl a nne d)

Contract Rate Increase by Strategic RotationContract Rate Increase by Strategic RotationContract Rate Increase by Strategic RotationContract Rate Increase by Strategic RotationContract Rate Increase by Strategic RotationContract Rate Increase by Strategic RotationContract Rate Increase by Strategic RotationContract Rate Increase by Strategic Rotation

2727272727272727

Change

Change

Change

Change（％

（％（％

（％））））

1.9%1.9%1.9%1.9%

1.1%1.1%1.1%1.1%

1.5%1.5%1.5%1.5%

5.8%5.8%5.8%5.8%

0.0%0.0%0.0%0.0%

2.0%2.0%2.0%2.0%

4.0%4.0%4.0%4.0%

6.0%6.0%6.0%6.0%

8.0%8.0%8.0%8.0%

Fiscal year ended March 31, 2002 Fiscal year ended March 31, 2002 Fiscal year ended March 31, 2002 Fiscal year ended March 31, 2002 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003 Fiscal year ended March 31, 2003

For the continuing contractsFor the continuing contractsFor the continuing contractsFor the continuing contracts

By assigning to a new contract (Strategic Rotation)By assigning to a new contract (Strategic Rotation)By assigning to a new contract (Strategic Rotation)By assigning to a new contract (Strategic Rotation)

Key Strategy during the Fiscal Year Key Strategy during the Fiscal Year Key Strategy during the Fiscal Year Key Strategy during the Fiscal Year Key Strategy during the Fiscal Year Key Strategy during the Fiscal Year Key Strategy during the Fiscal Year Key Strategy during the Fiscal Year Key Strategy during the Fiscal Year Key Strategy during the Fiscal Year Key Strategy during the Fiscal Year Key Strategy during the Fiscal Year

2828282828282828

１１１１１１１１ . . . . . . . . Differentiation from competitor Differentiation from competitor Differentiation from competitor Differentiation from competitor Differentiation from competitor Differentiation from competitor Differentiation from competitor Differentiation from competitor by the Best Matching System by the Best Matching System by the Best Matching System by the Best Matching System by the Best Matching System by the Best Matching System by the Best Matching System by the Best Matching System

⇒⇒⇒⇒⇒⇒⇒⇒Improve the Operating ratio. Improve the Operating ratio. Improve the Operating ratio. Improve the Operating ratio. Improve the Operating ratio. Improve the Operating ratio. Improve the Operating ratio. Improve the Operating ratio. 85.4% (85.4% (85.4% (85.4% (85.4% (85.4% (85.4% (85.4% (April, 2002)April, 2002)April, 2002)April, 2002)April, 2002)April, 2002)April, 2002)April, 2002)→→→→→→→→ 97.1% (March, 2003)97.1% (March, 2003)97.1% (March, 2003)97.1% (March, 2003)97.1% (March, 2003)97.1% (March, 2003)97.1% (March, 2003)97.1% (March, 2003)

２２２２２２２２ . . . . . . . . Full line service strategyFull line service strategyFull line service strategyFull line service strategyFull line service strategyFull line service strategyFull line service strategyFull line service strategy⇒⇒⇒⇒⇒⇒⇒⇒Expansion of Business Fields Expansion of Business Fields Expansion of Business Fields Expansion of Business Fields Expansion of Business Fields Expansion of Business Fields Expansion of Business Fields Expansion of Business Fields

３３３３３３３３ . . . . . . . . China ProjectChina ProjectChina ProjectChina ProjectChina ProjectChina ProjectChina ProjectChina Project⇒⇒⇒⇒⇒⇒⇒⇒Started from April 2003 Started from April 2003 Started from April 2003 Started from April 2003 Started from April 2003 Started from April 2003 Started from April 2003 Started from April 2003

ＢＥＳＴＢＥＳＴＢＥＳＴＢＥＳＴＭＡＴＣＨＩＮＧＭＡＴＣＨＩＮＧＭＡＴＣＨＩＮＧＭＡＴＣＨＩＮＧＳＹＳＴＥＭＳＹＳＴＥＭＳＹＳＴＥＭＳＹＳＴＥＭＢＥＳＴＢＥＳＴＢＥＳＴＢＥＳＴＭＡＴＣＨＩＮＧＭＡＴＣＨＩＮＧＭＡＴＣＨＩＮＧＭＡＴＣＨＩＮＧＳＹＳＴＥＭＳＹＳＴＥＭＳＹＳＴＥＭＳＹＳＴＥＭ

2929292929292929

The Best matching System quantifies the technical details requirThe Best matching System quantifies the technical details requirThe Best matching System quantifies the technical details requirThe Best matching System quantifies the technical details requirThe Best matching System quantifies the technical details requirThe Best matching System quantifies the technical details requirThe Best matching System quantifies the technical details requirThe Best matching System quantifies the technical details required by the ed by the ed by the ed by the ed by the ed by the ed by the ed by the customers and match against a database of abilities, skills and customers and match against a database of abilities, skills and customers and match against a database of abilities, skills and customers and match against a database of abilities, skills and customers and match against a database of abilities, skills and customers and match against a database of abilities, skills and customers and match against a database of abilities, skills and customers and match against a database of abilities, skills and career of Meitec career of Meitec career of Meitec career of Meitec career of Meitec career of Meitec career of Meitec career of Meitec engineers. engineers. engineers. engineers. engineers. engineers. engineers. engineers.

Matching Matching Matching Matching Matching Matching Matching Matching process process process process process process process process

based on ITbased on ITbased on ITbased on ITbased on ITbased on ITbased on ITbased on IT

Best matching engineer for the clientBest matching engineer for the clientBest matching engineer for the clientBest matching engineer for the clientBest matching engineer for the clientBest matching engineer for the clientBest matching engineer for the clientBest matching engineer for the client’’s requirement is s requirement is s requirement is s requirement is s requirement is s requirement is s requirement is s requirement is

quickly selected suggested from our engineer across Japan. quickly selected suggested from our engineer across Japan. quickly selected suggested from our engineer across Japan. quickly selected suggested from our engineer across Japan. quickly selected suggested from our engineer across Japan. quickly selected suggested from our engineer across Japan. quickly selected suggested from our engineer across Japan. quickly selected suggested from our engineer across Japan.

Customer Customer Customer Customer Customer Customer Customer Customer needs needs needs needs needs needs needs needs

Technical Technical Technical Technical Career DataCareer DataCareer DataCareer Data・・・・Product field Product field Product field Product field ・・・・Technical knowledge Technical knowledge Technical knowledge Technical knowledge ・・・・Tools Tools Tools Tools ・・・・Operation segment Operation segment Operation segment Operation segment ・・・・Operation phase Operation phase Operation phase Operation phase ・・・・Operation experience Operation experience Operation experience Operation experience ・・・・Education Education Education Education

(Qualifications)(Qualifications)(Qualifications)(Qualifications)

Technical Technical Technical Technical Technical Technical Technical Technical Career DataCareer DataCareer DataCareer DataCareer DataCareer DataCareer DataCareer Data・・・・・・・・Product field Product field Product field Product field Product field Product field Product field Product field ・・・・・・・・Technical knowledge Technical knowledge Technical knowledge Technical knowledge Technical knowledge Technical knowledge Technical knowledge Technical knowledge ・・・・・・・・Tools Tools Tools Tools Tools Tools Tools Tools ・・・・・・・・Operation segment Operation segment Operation segment Operation segment Operation segment Operation segment Operation segment Operation segment ・・・・・・・・Operation phase Operation phase Operation phase Operation phase Operation phase Operation phase Operation phase Operation phase ・・・・・・・・Operation experience Operation experience Operation experience Operation experience Operation experience Operation experience Operation experience Operation experience ・・・・・・・・Education Education Education Education Education Education Education Education

(Qualifications)(Qualifications)(Qualifications)(Qualifications)(Qualifications)(Qualifications)(Qualifications)(Qualifications)

MeitecMeitecMeitecMeitecMeitecMeitecMeitecMeitec’’ssssssss 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 engineersengineersengineersengineersengineersengineersengineersengineers

700 700 700 700 700 700 700 700 client companiesclient companiesclient companiesclient companiesclient companiesclient companiesclient companiesclient companies

Promotion of a FullPromotion of a FullPromotion of a FullPromotion of a Full----line Service Strategyline Service Strategyline Service Strategyline Service StrategyPromotion of a FullPromotion of a FullPromotion of a FullPromotion of a FullPromotion of a FullPromotion of a FullPromotion of a FullPromotion of a Full--------line Service Strategyline Service Strategyline Service Strategyline Service Strategyline Service Strategyline Service Strategyline Service Strategyline Service Strategy

3030303030303030

・

EngineerEngineerEngineerEngineerEngineerEngineerEngineerEngineer

Engineer Dispatch ModelEngineer Dispatch ModelEngineer Dispatch ModelEngineer Dispatch ModelEngineer Dispatch ModelEngineer Dispatch ModelEngineer Dispatch ModelEngineer Dispatch Model

ManufacturingManufacturingManufacturingManufacturingManufacturingManufacturingManufacturingManufacturingIndustryIndustryIndustryIndustryIndustryIndustryIndustryIndustry

Engineer Service Content ModelEngineer Service Content ModelEngineer Service Content ModelEngineer Service Content ModelEngineer Service Content ModelEngineer Service Content ModelEngineer Service Content ModelEngineer Service Content Model

＜＜＜＜＜＜＜＜Until 2000 Until 2000 Until 2000 Until 2000 Until 2000 Until 2000 Until 2000 Until 2000 ＞＞＞＞＞＞＞＞

Manufacturing IndustryManufacturing IndustryManufacturing IndustryManufacturing IndustryManufacturing IndustryManufacturing IndustryManufacturing IndustryManufacturing Industry

＜＜＜＜＜＜＜＜From 2001 From 2001 From 2001 From 2001 From 2001 From 2001 From 2001 From 2001 ＞＞＞＞＞＞＞＞

DispatchDispatchDispatchDispatchDispatchDispatchDispatchDispatch

････････HighHighHighHighHighHighHighHigh--------Added ValueAdded ValueAdded ValueAdded ValueAdded ValueAdded ValueAdded ValueAdded Value・・・・・・・・High ReturnHigh ReturnHigh ReturnHigh ReturnHigh ReturnHigh ReturnHigh ReturnHigh Return・・・・・・・・DifferentiationDifferentiationDifferentiationDifferentiationDifferentiationDifferentiationDifferentiationDifferentiation

AnalysisAnalysisAnalysisAnalysisAnalysisAnalysisAnalysisAnalysis

Dispatch & Highly value Dispatch & Highly value Dispatch & Highly value Dispatch & Highly value Dispatch & Highly value Dispatch & Highly value Dispatch & Highly value Dispatch & Highly value added serviceadded serviceadded serviceadded serviceadded serviceadded serviceadded serviceadded service

PrototypePrototypePrototypePrototypePrototypePrototypePrototypePrototype

Printed CircuitPrinted CircuitPrinted CircuitPrinted CircuitPrinted CircuitPrinted CircuitPrinted CircuitPrinted CircuitBoard DesignBoard DesignBoard DesignBoard DesignBoard DesignBoard DesignBoard DesignBoard Design

LSI LSI LSI LSI LSI LSI LSI LSI DesignDesignDesignDesignDesignDesignDesignDesign

TechnicalTechnicalTechnicalTechnicalTechnicalTechnicalTechnicalTechnicalManualManualManualManualManualManualManualManual

ITITITITITITITITSupportSupportSupportSupportSupportSupportSupportSupport

EngineerEngineerEngineerEngineerEngineerEngineerEngineerEngineer

Construction of a HighConstruction of a HighConstruction of a HighConstruction of a HighConstruction of a HighConstruction of a HighConstruction of a HighConstruction of a High--------end, Highend, Highend, Highend, Highend, Highend, Highend, Highend, High--------return Service Structurereturn Service Structurereturn Service Structurereturn Service Structurereturn Service Structurereturn Service Structurereturn Service Structurereturn Service Structure

FullFullFullFull----line Service Strategy Construction of a line Service Strategy Construction of a line Service Strategy Construction of a line Service Strategy Construction of a highhighhighhigh----profit service structure at the highprofit service structure at the highprofit service structure at the highprofit service structure at the high----end servicesend servicesend servicesend services

FullFullFullFullFullFullFullFull--------line Service Strategy Construction of a line Service Strategy Construction of a line Service Strategy Construction of a line Service Strategy Construction of a line Service Strategy Construction of a line Service Strategy Construction of a line Service Strategy Construction of a line Service Strategy Construction of a highhighhighhighhighhighhighhigh--------profit service structure at the highprofit service structure at the highprofit service structure at the highprofit service structure at the highprofit service structure at the highprofit service structure at the highprofit service structure at the highprofit service structure at the high--------end servicesend servicesend servicesend servicesend servicesend servicesend servicesend services

3131313131313131

ContentContentContentContent ContractContractContractContract

ITCITCITCITC 15151515

LSIDCLSIDCLSIDCLSIDC 12121212

e-ECe-ECe-ECe-EC 46464646

AnalysisEC AnalysisEC AnalysisEC AnalysisEC 12121212

IMSIMSIMSIMS 26262626

3DTec3DTec3DTec3DTec 133133133133

合計合計合計合計 244244244244

Fiscal 2003Fiscal 2003Fiscal 2003Fiscal 2003

Full line engineering serviceFull line engineering serviceFull line engineering serviceFull line engineering service

DispatchDispatchDispatchDispatchServicesServicesServicesServices

SolutionSolutionSolutionSolutionServicesServicesServicesServices

＋＋＋＋

Results of Group Coordination in Sales EffortResults of Group Coordination in Sales EffortResults of Group Coordination in Sales EffortResults of Group Coordination in Sales EffortResults of Group Coordination in Sales EffortResults of Group Coordination in Sales EffortResults of Group Coordination in Sales EffortResults of Group Coordination in Sales EffortResults of Group Coordination in Sales EffortResults of Group Coordination in Sales EffortResults of Group Coordination in Sales EffortResults of Group Coordination in Sales Effort

3232323232323232

→→→→ MEITECMEITECMEITECMEITEC ＪＯＪＯＪＯＪＯＪＣＪＣＪＣＪＣ TotalTotalTotalTotal

MEITECMEITECMEITECMEITEC 89898989 190190190190 279279279279

ＪＯＪＯＪＯＪＯ 32323232 60606060 92929292

ＪＣＪＣＪＣＪＣ 21212121 27272727 48484848

TotalTotalTotalTotal 53535353 116116116116 250250250250 419419419419

<Number of Orders>：April 2002 ー　Ｍａｒｃｈ, 2003 <Number of Orders>：April 2002 ー　Ｍａｒｃｈ, 2003 <Number of Orders>：April 2002 ー　Ｍａｒｃｈ, 2003 <Number of Orders>：April 2002 ー　Ｍａｒｃｈ, 2003

Ord

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Ord

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Rec

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Responded byResponded byResponded byResponded by

Strategy to expand business for the entire Strategy to expand business for the entire Strategy to expand business for the entire Strategy to expand business for the entire Strategy to expand business for the entire Strategy to expand business for the entire Strategy to expand business for the entire Strategy to expand business for the entire group companies with group companies with group companies with group companies with group companies with group companies with group companies with group companies with ““MeitecMeitecMeitecMeitecMeitecMeitecMeitecMeitec”” as a core brand as a core brand as a core brand as a core brand as a core brand as a core brand as a core brand as a core brand name for the business. name for the business. name for the business. name for the business. name for the business. name for the business. name for the business. name for the business.

Global Vision21:Strategic PointsGlobal Vision21:Strategic PointsGlobal Vision21:Strategic PointsGlobal Vision21:Strategic PointsGlobal Vision21:Strategic PointsGlobal Vision21:Strategic PointsGlobal Vision21:Strategic PointsGlobal Vision21:Strategic Points

3333333333333333

Enhancing QualityEnhancing QualityEnhancing QualityEnhancing QualityEnhancing QualityEnhancing QualityEnhancing QualityEnhancing Quality MeitecMeitecMeitecMeitecMeitecMeitecMeitecMeitec

Quantitative GrowthQuantitative GrowthQuantitative GrowthQuantitative GrowthQuantitative GrowthQuantitative GrowthQuantitative GrowthQuantitative Growth Meitec GroupMeitec GroupMeitec GroupMeitec GroupMeitec GroupMeitec GroupMeitec GroupMeitec Group

Comprehensive Group evolution and growthComprehensive Group evolution and growthComprehensive Group evolution and growthComprehensive Group evolution and growthComprehensive Group evolution and growthComprehensive Group evolution and growthComprehensive Group evolution and growthComprehensive Group evolution and growth

Global Vision21: KeywordsGlobal Vision21: KeywordsGlobal Vision21: KeywordsGlobal Vision21: KeywordsGlobal Vision21: KeywordsGlobal Vision21: KeywordsGlobal Vision21: KeywordsGlobal Vision21: Keywords

3434343434343434

Global evolution and growthGlobal evolution and growthGlobal evolution and growthGlobal evolution and growthGlobal evolution and growthGlobal evolution and growthGlobal evolution and growthGlobal evolution and growth

Comprehensive corporate evolution and growth Comprehensive corporate evolution and growth Comprehensive corporate evolution and growth Comprehensive corporate evolution and growth Comprehensive corporate evolution and growth Comprehensive corporate evolution and growth Comprehensive corporate evolution and growth Comprehensive corporate evolution and growth based on supporting individual development based on supporting individual development based on supporting individual development based on supporting individual development based on supporting individual development based on supporting individual development based on supporting individual development based on supporting individual development 　　　　　　　　　　　　　　　　　　　　　『　　　　　『　　　　　『　　　　　『　　　　　『　　　　　『　　　　　『　　　　　『 Mutual Growth and ProsperityMutual Growth and ProsperityMutual Growth and ProsperityMutual Growth and Prosperity 』』』』』』』』

GroupGroupGroupGroupGroupGroupGroupGroup

GlobalGlobalGlobalGlobalGlobalGlobalGlobalGlobal

GrowingGrowingGrowingGrowingGrowingGrowingGrowingGrowing

Most Important measures of Most Important measures of Most Important measures of Most Important measures of The Global Vision 21 The Global Vision 21 The Global Vision 21 The Global Vision 21

Most Important measures of Most Important measures of Most Important measures of Most Important measures of The Global Vision 21 The Global Vision 21 The Global Vision 21 The Global Vision 21

3535353535353535

１１１１１１１１. . . . . . . . Efficient job assignment to Efficient job assignment to Efficient job assignment to Efficient job assignment to Efficient job assignment to Efficient job assignment to Efficient job assignment to Efficient job assignment to the engineers with the Best Matching System. the engineers with the Best Matching System. the engineers with the Best Matching System. the engineers with the Best Matching System. the engineers with the Best Matching System. the engineers with the Best Matching System. the engineers with the Best Matching System. the engineers with the Best Matching System.

⇒⇒⇒⇒⇒⇒⇒⇒Strengthening the main business. Strengthening the main business. Strengthening the main business. Strengthening the main business. Strengthening the main business. Strengthening the main business. Strengthening the main business. Strengthening the main business.

２２２２２２２２. . . . . . . . Expansion of the services provided by the entire Expansion of the services provided by the entire Expansion of the services provided by the entire Expansion of the services provided by the entire Expansion of the services provided by the entire Expansion of the services provided by the entire Expansion of the services provided by the entire Expansion of the services provided by the entire group to fulfill the needs for the full line up outsourcing. group to fulfill the needs for the full line up outsourcing. group to fulfill the needs for the full line up outsourcing. group to fulfill the needs for the full line up outsourcing. group to fulfill the needs for the full line up outsourcing. group to fulfill the needs for the full line up outsourcing. group to fulfill the needs for the full line up outsourcing. group to fulfill the needs for the full line up outsourcing.

⇒⇒⇒⇒⇒⇒⇒⇒Expansion of business area. Expansion of business area. Expansion of business area. Expansion of business area. Expansion of business area. Expansion of business area. Expansion of business area. Expansion of business area.

３３３３３３３３. . . . . . . . Promote the cost reduced services Promote the cost reduced services Promote the cost reduced services Promote the cost reduced services Promote the cost reduced services Promote the cost reduced services Promote the cost reduced services Promote the cost reduced services by applying the Chinese resources.by applying the Chinese resources.by applying the Chinese resources.by applying the Chinese resources.by applying the Chinese resources.by applying the Chinese resources.by applying the Chinese resources.by applying the Chinese resources.

⇒⇒⇒⇒⇒⇒⇒⇒Utilization of the global resources Utilization of the global resources Utilization of the global resources Utilization of the global resources Utilization of the global resources Utilization of the global resources Utilization of the global resources Utilization of the global resources

４４４４４４４４. . . . . . . . Promote the out placement businesses. Promote the out placement businesses. Promote the out placement businesses. Promote the out placement businesses. Promote the out placement businesses. Promote the out placement businesses. Promote the out placement businesses. Promote the out placement businesses. 　　　　　　　　　　　　　　　　 ⇒⇒⇒⇒⇒⇒⇒⇒Strengthening the partnership with clients. Strengthening the partnership with clients. Strengthening the partnership with clients. Strengthening the partnership with clients. Strengthening the partnership with clients. Strengthening the partnership with clients. Strengthening the partnership with clients. Strengthening the partnership with clients.

3636363636363636

MeitecMeitecMeitecMeitecMeitecMeitecMeitecMeitecGroupGroupGroupGroupGroupGroupGroupGroup

700700700700700700700700ClientsClientsClientsClientsClientsClientsClientsClients

MeitecMeitecMeitecMeitecMeitecMeitecMeitecMeitec

Needs of 700 ClientsNeeds of 700 ClientsNeeds of 700 ClientsNeeds of 700 ClientsNeeds of 700 ClientsNeeds of 700 ClientsNeeds of 700 ClientsNeeds of 700 Clients

Assign appropriate Assign appropriate Assign appropriate Assign appropriate Assign appropriate Assign appropriate Assign appropriate Assign appropriate engineers by utilizing engineers by utilizing engineers by utilizing engineers by utilizing engineers by utilizing engineers by utilizing engineers by utilizing engineers by utilizing the Best Matching the Best Matching the Best Matching the Best Matching the Best Matching the Best Matching the Best Matching the Best Matching

SystemSystemSystemSystemSystemSystemSystemSystem

Tools to Develop Custom Business Tools to Develop Custom Business Tools to Develop Custom Business Tools to Develop Custom Business Model for Each ClientsModel for Each ClientsModel for Each ClientsModel for Each Clients

Tools to Develop Custom Business Tools to Develop Custom Business Tools to Develop Custom Business Tools to Develop Custom Business Model for Each ClientsModel for Each ClientsModel for Each ClientsModel for Each Clients

3737373737373737

Strategic Rotation of Our EngineersStrategic Rotation of Our EngineersStrategic Rotation of Our EngineersStrategic Rotation of Our EngineersStrategic Rotation of Our EngineersStrategic Rotation of Our EngineersStrategic Rotation of Our EngineersStrategic Rotation of Our Engineers

Customized Training ProgramsCustomized Training ProgramsCustomized Training ProgramsCustomized Training ProgramsCustomized Training ProgramsCustomized Training ProgramsCustomized Training ProgramsCustomized Training Programs

Dispatching a Unit of Young EngineersDispatching a Unit of Young EngineersDispatching a Unit of Young EngineersDispatching a Unit of Young EngineersDispatching a Unit of Young EngineersDispatching a Unit of Young EngineersDispatching a Unit of Young EngineersDispatching a Unit of Young Engineersand Experienced Engineersand Experienced Engineersand Experienced Engineersand Experienced Engineersand Experienced Engineersand Experienced Engineersand Experienced Engineersand Experienced Engineers

Building the Team StructureBuilding the Team StructureBuilding the Team StructureBuilding the Team StructureBuilding the Team StructureBuilding the Team StructureBuilding the Team StructureBuilding the Team Structure

「「「「「「「「MeitecMeitecMeitecMeitecMeitecMeitecMeitecMeitec＋＋＋＋＋＋＋＋Chinese CorporationsChinese CorporationsChinese CorporationsChinese CorporationsChinese CorporationsChinese CorporationsChinese CorporationsChinese Corporations」」」」」」」」

Expanding theExpanding theExpanding theExpanding the MeitecMeitecMeitecMeitec Group by Collaboration Group by Collaboration Group by Collaboration Group by Collaboration Expanding theExpanding theExpanding theExpanding the MeitecMeitecMeitecMeitec Group by Collaboration Group by Collaboration Group by Collaboration Group by Collaboration

3838383838383838

「「「「「「「「MeitecMeitecMeitecMeitecMeitecMeitecMeitecMeitec＋＋＋＋＋＋＋＋ＪＯ」ＪＯ」ＪＯ」ＪＯ」ＪＯ」ＪＯ」ＪＯ」ＪＯ」TeamTeamTeamTeamTeamTeamTeamTeam

「「「「「「「「MeitecMeitecMeitecMeitecMeitecMeitecMeitecMeitec＋＋＋＋＋＋＋＋ＪＣ」ＪＣ」ＪＣ」ＪＣ」ＪＣ」ＪＣ」ＪＣ」ＪＣ」TeamTeamTeamTeamTeamTeamTeamTeam

「「「「「「「「MeitecMeitecMeitecMeitecMeitecMeitecMeitecMeitec＋＋＋＋＋＋＋＋ＪＯ＋ＪＣ」ＪＯ＋ＪＣ」ＪＯ＋ＪＣ」ＪＯ＋ＪＣ」ＪＯ＋ＪＣ」ＪＯ＋ＪＣ」ＪＯ＋ＪＣ」ＪＯ＋ＪＣ」TeamTeamTeamTeamTeamTeamTeamTeam

「ＪＯ＋ＪＣ」「ＪＯ＋ＪＣ」「ＪＯ＋ＪＣ」「ＪＯ＋ＪＣ」「ＪＯ＋ＪＣ」「ＪＯ＋ＪＣ」「ＪＯ＋ＪＣ」「ＪＯ＋ＪＣ」TeamTeamTeamTeamTeamTeamTeamTeam

3939393939393939

Expansion the Meitec Group by CollaborationExpansion the Meitec Group by CollaborationExpansion the Meitec Group by CollaborationExpansion the Meitec Group by CollaborationExpansion the Meitec Group by CollaborationExpansion the Meitec Group by CollaborationExpansion the Meitec Group by CollaborationExpansion the Meitec Group by Collaboration

Ｒ＆ＤＲ＆ＤＲ＆ＤＲ＆ＤＲ＆ＤＲ＆ＤＲ＆ＤＲ＆ＤSolutionSolutionSolutionSolutionSolutionSolutionSolutionSolution

MeitecMeitecMeitecMeitecMeitecMeitecMeitecMeitecＦＴＲＦＴＲＦＴＲＦＴＲＦＴＲＦＴＲＦＴＲＦＴＲ

ＩＭＳＩＭＳＩＭＳＩＭＳＩＭＳＩＭＳＩＭＳＩＭＳＪＯＪＯＪＯＪＯＪＯＪＯＪＯＪＯ

ＪＣＪＣＪＣＪＣＪＣＪＣＪＣＪＣ３Ｄ３Ｄ３Ｄ３Ｄ３Ｄ３Ｄ３Ｄ３ＤＴＥＣＴＥＣＴＥＣＴＥＣＴＥＣＴＥＣＴＥＣＴＥＣ

WebWebWebWebWebWebWebWeb--------IIIIIIII

SystemSystemSystemSystemSystemSystemSystemSystemSolutionSolutionSolutionSolutionSolutionSolutionSolutionSolution

CAECAECAECAECAECAECAECAESolutionSolutionSolutionSolutionSolutionSolutionSolutionSolution

Human Human Human Human Human Human Human Human ResourcesResourcesResourcesResourcesResourcesResourcesResourcesResourcesSolutionSolutionSolutionSolutionSolutionSolutionSolutionSolution

4040404040404040

China ProjectChina ProjectChina ProjectChina ProjectChina ProjectChina ProjectChina ProjectChina ProjectChina ProjectChina ProjectChina ProjectChina Project

May 2002May 2002May 2002May 2002May 2002May 2002May 2002May 2002 ：：：：：：：：Trial project beganTrial project beganTrial project beganTrial project beganTrial project beganTrial project beganTrial project beganTrial project beganApril 2003April 2003April 2003April 2003April 2003April 2003April 2003April 2003 ：：：：：：：：Start of operationsStart of operationsStart of operationsStart of operationsStart of operationsStart of operationsStart of operationsStart of operationsFiscal 2006Fiscal 2006Fiscal 2006Fiscal 2006Fiscal 2006Fiscal 2006Fiscal 2006Fiscal 2006 ：：：：：：：：Sales of Sales of Sales of Sales of Sales of Sales of Sales of Sales of ¥¥¥¥¥¥¥¥10 billion10 billion10 billion10 billion10 billion10 billion10 billion10 billion

Japanese Japanese Japanese Japanese Japanese Japanese Japanese Japanese Corporations Corporations Corporations Corporations Corporations Corporations Corporations Corporations (Customers)(Customers)(Customers)(Customers)(Customers)(Customers)(Customers)(Customers)

Meitec Meitec Meitec Meitec Meitec Meitec Meitec Meitec GroupGroupGroupGroupGroupGroupGroupGroup

Chinese Chinese Chinese Chinese Chinese Chinese Chinese Chinese CorporationsCorporationsCorporationsCorporationsCorporationsCorporationsCorporationsCorporations CooperationCooperationCooperationCooperationCooperationCooperationCooperationCooperation

AlliancesAlliancesAlliancesAlliancesAlliancesAlliancesAlliancesAlliances

・・・・・・・・LowLowLowLowLowLowLowLow--------level designlevel designlevel designlevel designlevel designlevel designlevel designlevel design・・・・・・・・Software developmentSoftware developmentSoftware developmentSoftware developmentSoftware developmentSoftware developmentSoftware developmentSoftware development・・・・・・・・Data entryData entryData entryData entryData entryData entryData entryData entry

LowLowLowLowLowLowLowLow--------endendendendendendendend HighHighHighHighHighHighHighHigh--------endendendendendendendend

Receive Receive Receive Receive Receive Receive Receive Receive ordersordersordersordersordersordersordersorders

2003.4.12003.4.12003.4.12003.4.12003.4.12003.4.12003.4.12003.4.1Establishment ofEstablishment ofEstablishment ofEstablishment ofEstablishment ofEstablishment ofEstablishment ofEstablishment ofMeitecMeitecMeitecMeitecMeitecMeitecMeitecMeitec Global SolutionsGlobal SolutionsGlobal SolutionsGlobal SolutionsGlobal SolutionsGlobal SolutionsGlobal SolutionsGlobal Solutions

cost reductioncost reductioncost reductioncost reductioncost reductioncost reductioncost reductioncost reductionserviceserviceserviceserviceserviceserviceserviceservice

4141414141414141

Corporate Alliance Network in ChinaCorporate Alliance Network in ChinaCorporate Alliance Network in ChinaCorporate Alliance Network in ChinaCorporate Alliance Network in ChinaCorporate Alliance Network in ChinaCorporate Alliance Network in ChinaCorporate Alliance Network in China

　＜　＜　＜　＜　＜　＜　＜　＜Network with 16 companiesNetwork with 16 companiesNetwork with 16 companiesNetwork with 16 companiesNetwork with 16 companiesNetwork with 16 companiesNetwork with 16 companiesNetwork with 16 companies＞＞＞＞＞＞＞＞

Alliance conditionsAlliance conditionsAlliance conditionsAlliance conditionsAlliance conditionsAlliance conditionsAlliance conditionsAlliance conditions・・・・・・・・Management policy toward Management policy toward Management policy toward Management policy toward Management policy toward Management policy toward Management policy toward Management policy toward expansion in global business expansion in global business expansion in global business expansion in global business expansion in global business expansion in global business expansion in global business expansion in global business

・・・・・・・・Good human resources in Good human resources in Good human resources in Good human resources in Good human resources in Good human resources in Good human resources in Good human resources in management and engineers management and engineers management and engineers management and engineers management and engineers management and engineers management and engineers management and engineers

・・・・・・・・Good track record with Good track record with Good track record with Good track record with Good track record with Good track record with Good track record with Good track record with Japanese companies Japanese companies Japanese companies Japanese companies Japanese companies Japanese companies Japanese companies Japanese companies

BeijingBeijingBeijingBeijing

HeilongjiangHeilongjiangHeilongjiangHeilongjiang

ShanghaiShanghaiShanghaiShanghai

JapaneseJapaneseJapaneseJapanesecompaniescompaniescompaniescompanies

ZhejiangZhejiangZhejiangZhejiang

GuangdongGuangdongGuangdongGuangdong

Analysis of Engineering Outsourcing MarketAnalysis of Engineering Outsourcing MarketAnalysis of Engineering Outsourcing MarketAnalysis of Engineering Outsourcing MarketAnalysis of Engineering Outsourcing MarketAnalysis of Engineering Outsourcing MarketAnalysis of Engineering Outsourcing MarketAnalysis of Engineering Outsourcing Market

4242424242424242

Engineering Outsourcing MarketEngineering Outsourcing MarketEngineering Outsourcing MarketEngineering Outsourcing MarketEngineering Outsourcing MarketEngineering Outsourcing MarketEngineering Outsourcing MarketEngineering Outsourcing Market: Approx. : Approx. : Approx. : Approx. : Approx. : Approx. : Approx. : Approx. ¥¥425 billion (Estimate)425 billion (Estimate)425 billion (Estimate)425 billion (Estimate)425 billion (Estimate)425 billion (Estimate)425 billion (Estimate)425 billion (Estimate)

Other Staff Outsourcing78％％％％

((((¥425 425 425 425 billion)billion)billion)billion)22％％％％

MeitecMeitecMeitecMeitec　　　　GroupGroupGroupGroup

Other Engineering Outsourcing85％％％％

((((¥64.964.964.964.9billion : Ended March 31,2002)billion : Ended March 31,2002)billion : Ended March 31,2002)billion : Ended March 31,2002)

15%15%15%15%

Engineering Outsourcing Market

Staff Outsourcing MarketStaff Outsourcing MarketStaff Outsourcing MarketStaff Outsourcing MarketStaff Outsourcing MarketStaff Outsourcing MarketStaff Outsourcing MarketStaff Outsourcing Market: Approx. : Approx. : Approx. : Approx. : Approx. : Approx. : Approx. : Approx. ¥¥1.9 trillion1.9 trillion1.9 trillion1.9 trillion1.9 trillion1.9 trillion1.9 trillion1.9 trillion

(Source: Ministry of Health, Labor and Welfare(Source: Ministry of Health, Labor and Welfare(Source: Ministry of Health, Labor and Welfare(Source: Ministry of Health, Labor and Welfare(Source: Ministry of Health, Labor and Welfare(Source: Ministry of Health, Labor and Welfare(Source: Ministry of Health, Labor and Welfare(Source: Ministry of Health, Labor and WelfareLabor Statistics, Labor Statistics, Labor Statistics, Labor Statistics, Labor Statistics, Labor Statistics, Labor Statistics, Labor Statistics, Ended March 31,2002Ended March 31,2002Ended March 31,2002Ended March 31,2002))))))))

Market for the China ProjectMarket for the China ProjectMarket for the China ProjectMarket for the China ProjectMarket for the China ProjectMarket for the China ProjectMarket for the China ProjectMarket for the China Project（（（（（（（（average rateaverage rateaverage rateaverage rateaverage rateaverage rateaverage rateaverage rate：：：：：：：：¥¥¥¥¥¥¥¥3,100/hr)3,100/hr)3,100/hr)3,100/hr)3,100/hr)3,100/hr)3,100/hr)3,100/hr)

--------Strategy to Expand Market ShareStrategy to Expand Market ShareStrategy to Expand Market ShareStrategy to Expand Market ShareStrategy to Expand Market ShareStrategy to Expand Market ShareStrategy to Expand Market ShareStrategy to Expand Market Share--------

4343434343434343

Objectives of the Chinese ProjectObjectives of the Chinese ProjectObjectives of the Chinese ProjectObjectives of the Chinese ProjectObjectives of the Chinese ProjectObjectives of the Chinese ProjectObjectives of the Chinese ProjectObjectives of the Chinese Project

11111111））））））））Achieve an overwhelming share Achieve an overwhelming share Achieve an overwhelming share Achieve an overwhelming share Achieve an overwhelming share Achieve an overwhelming share Achieve an overwhelming share Achieve an overwhelming share in the Japanese market. in the Japanese market. in the Japanese market. in the Japanese market. in the Japanese market. in the Japanese market. in the Japanese market. in the Japanese market.

22222222））））））））Produce more opportunities Produce more opportunities Produce more opportunities Produce more opportunities Produce more opportunities Produce more opportunities Produce more opportunities Produce more opportunities for thefor thefor thefor thefor thefor thefor thefor the MeitecMeitecMeitecMeitecMeitecMeitecMeitecMeitec engineers to participate. engineers to participate. engineers to participate. engineers to participate. engineers to participate. engineers to participate. engineers to participate. engineers to participate.

Composite Business Model of Composite Business Model of Composite Business Model of Composite Business Model of Outplacement and OutsourcingOutplacement and OutsourcingOutplacement and OutsourcingOutplacement and OutsourcingComposite Business Model of Composite Business Model of Composite Business Model of Composite Business Model of

Outplacement and OutsourcingOutplacement and OutsourcingOutplacement and OutsourcingOutplacement and Outsourcing＜＜＜＜Manufacturing IndustryManufacturing IndustryManufacturing IndustryManufacturing Industry＞＞＞＞

＜＜＜＜CustomerCustomerCustomerCustomer＞＞＞＞InInInIn----house house house house

mismatching of mismatching of mismatching of mismatching of personnelpersonnelpersonnelpersonnel

（（（（Candidate forCandidate forCandidate forCandidate forrestructuringrestructuringrestructuringrestructuring））））

ExternalExternalExternalExternalassignmentassignmentassignmentassignment

MeitecMeitecMeitecMeitec（（（（Best MatchingBest MatchingBest MatchingBest Matching　　　　　　　　　　　　　　　　 SystemSystemSystemSystem））））

　　　　　　　　PlacementPlacementPlacementPlacementJapanJapanJapanJapan’ssss

ManufacturersManufacturersManufacturersManufacturers

＜＜＜＜Merit for the clients Merit for the clients Merit for the clients Merit for the clients ＞＞＞＞

　　　　　　　　・・・・Second career support for personnel who do not fit the immediateSecond career support for personnel who do not fit the immediateSecond career support for personnel who do not fit the immediateSecond career support for personnel who do not fit the immediate　　　　　　　　　　　　needs of their respective companiesneeds of their respective companiesneeds of their respective companiesneeds of their respective companies　　　　　　　　・・・・Reduction in personnel expensesReduction in personnel expensesReduction in personnel expensesReduction in personnel expenses

Role of Company A: IntroductionRole of Company A: IntroductionRole of Company A: IntroductionRole of Company A: IntroductionRole ofRole ofRole ofRole of MeitecMeitecMeitecMeitec: Agency services: Agency services: Agency services: Agency services

Second Personnel Second Personnel Second Personnel Second Personnel Department for Department for Department for Department for

Japanese ManufacturersJapanese ManufacturersJapanese ManufacturersJapanese Manufacturers

Company ACompany ACompany ACompany AIntermediaryIntermediaryIntermediaryIntermediary

4444444444444444

・・・・・・・・ Consolidated Net Sales Consolidated Net Sales Consolidated Net Sales Consolidated Net Sales Consolidated Net Sales Consolidated Net Sales Consolidated Net Sales Consolidated Net Sales ：：：：：：：：100 billion Yen100 billion Yen100 billion Yen100 billion Yen100 billion Yen100 billion Yen100 billion Yen100 billion Yen

Targeted Group Earnings to be achieved by Targeted Group Earnings to be achieved by Targeted Group Earnings to be achieved by Targeted Group Earnings to be achieved by the end of the fiscal year ending March 31, 2007 the end of the fiscal year ending March 31, 2007 the end of the fiscal year ending March 31, 2007 the end of the fiscal year ending March 31, 2007

Targeted Group Earnings to be achieved by Targeted Group Earnings to be achieved by Targeted Group Earnings to be achieved by Targeted Group Earnings to be achieved by the end of the fiscal year ending March 31, 2007 the end of the fiscal year ending March 31, 2007 the end of the fiscal year ending March 31, 2007 the end of the fiscal year ending March 31, 2007

4545454545454545

・・・・・・・・ Consolidated Operating RatioConsolidated Operating RatioConsolidated Operating RatioConsolidated Operating RatioConsolidated Operating RatioConsolidated Operating RatioConsolidated Operating RatioConsolidated Operating Ratio：：：：：：：：15%15%15%15%15%15%15%15%

・・・・・・・・ＲＯＥＲＯＥＲＯＥＲＯＥＲＯＥＲＯＥＲＯＥＲＯＥ　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　：：：：：：：：1515151515151515％％％％％％％％

MeitecMeitecMeitecMeitecMeitecMeitecMeitecMeitec GroupGroupGroupGroupGroupGroupGroupGroup’’s Missions Missions Missions Missions Missions Missions Missions Mission

4646464646464646

MeitecMeitecMeitecMeitecMeitecMeitecMeitecMeitec GroupGroupGroupGroupGroupGroupGroupGroup’’s mission is to contribute s mission is to contribute s mission is to contribute s mission is to contribute s mission is to contribute s mission is to contribute s mission is to contribute s mission is to contribute to the industries and society by to the industries and society by to the industries and society by to the industries and society by to the industries and society by to the industries and society by to the industries and society by to the industries and society by supporting the optimum use of supporting the optimum use of supporting the optimum use of supporting the optimum use of supporting the optimum use of supporting the optimum use of supporting the optimum use of supporting the optimum use of engineering resource engineering resource engineering resource engineering resource engineering resource engineering resource engineering resource engineering resource as clientas clientas clientas clientas clientas clientas clientas client’’s s s s s s s s alternate engineering division and alternate engineering division and alternate engineering division and alternate engineering division and alternate engineering division and alternate engineering division and alternate engineering division and alternate engineering division and personnel department.personnel department.personnel department.personnel department.personnel department.personnel department.personnel department.personnel department.

Realizing Realizing Realizing Realizing Realizing Realizing Realizing Realizing ““mutual growth and prosperitymutual growth and prosperitymutual growth and prosperitymutual growth and prosperitymutual growth and prosperitymutual growth and prosperitymutual growth and prosperitymutual growth and prosperity””with customers through the establishment with customers through the establishment with customers through the establishment with customers through the establishment with customers through the establishment with customers through the establishment with customers through the establishment with customers through the establishment of a total engineering solutions service of a total engineering solutions service of a total engineering solutions service of a total engineering solutions service of a total engineering solutions service of a total engineering solutions service of a total engineering solutions service of a total engineering solutions service system.system.system.system.system.system.system.system.

Shareholders by Business Segments Shareholders by Business Segments Shareholders by Business Segments Shareholders by Business Segments <Non<Non<Non<Non----Consolidated>Consolidated>Consolidated>Consolidated>

Shareholders by Business Segments Shareholders by Business Segments Shareholders by Business Segments Shareholders by Business Segments <Non<Non<Non<Non----Consolidated>Consolidated>Consolidated>Consolidated>

4747474747474747

ShareholdersShareholdersShareholdersShareholders ％％％％ Shares HeldShares HeldShares HeldShares Held ％％％％

BanksBanksBanksBanks 10101010 0.2%0.2%0.2%0.2% 1,615,9141,615,9141,615,9141,615,914 4.4%4.4%4.4%4.4%

Trust BanksTrust BanksTrust BanksTrust Banks 42424242 0.7%0.7%0.7%0.7% 13,203,80013,203,80013,203,80013,203,800 35.6%35.6%35.6%35.6%Life and non-life insuranceLife and non-life insuranceLife and non-life insuranceLife and non-life insurancecompaniescompaniescompaniescompanies 22222222 0.4%0.4%0.4%0.4% 4,873,4334,873,4334,873,4334,873,433 13.1%13.1%13.1%13.1%

Securities financing and otherSecurities financing and otherSecurities financing and otherSecurities financing and otherfinancial companiesfinancial companiesfinancial companiesfinancial companies 5555 0.1%0.1%0.1%0.1% 48,66048,66048,66048,660 0.1%0.1%0.1%0.1%

Securities companies Securities companies Securities companies Securities companies 20202020 0.3%0.3%0.3%0.3% 402,430402,430402,430402,430 1.1%1.1%1.1%1.1%Business concerns and otherBusiness concerns and otherBusiness concerns and otherBusiness concerns and othercompaniescompaniescompaniescompanies 131131131131 2.2%2.2%2.2%2.2% 773,056773,056773,056773,056 2.1%2.1%2.1%2.1%

Overseas companiesOverseas companiesOverseas companiesOverseas companiesand investorand investorand investorand investor

217217217217 3.6%3.6%3.6%3.6% 12,167,69612,167,69612,167,69612,167,696 32.8%32.8%32.8%32.8%

Individuals and othersIndividuals and othersIndividuals and othersIndividuals and others 5,5395,5395,5395,539 92.5%92.5%92.5%92.5% 4,038,3384,038,3384,038,3384,038,338 10.9%10.9%10.9%10.9%

TotalTotalTotalTotal 5,9865,9865,9865,986 100.0%100.0%100.0%100.0% 37,123,32737,123,32737,123,32737,123,327 100.0%100.0%100.0%100.0%

Shareholder SegmentShareholder SegmentShareholder SegmentShareholder Segment(As of the fiscal year ended March 31, 2003)(As of the fiscal year ended March 31, 2003)(As of the fiscal year ended March 31, 2003)(As of the fiscal year ended March 31, 2003)

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Projections: Fiscal Year Ending March 31, 2004Projections: Fiscal Year Ending March 31, 2004Projections: Fiscal Year Ending March 31, 2004Projections: Fiscal Year Ending March 31, 2004Projections: Fiscal Year Ending March 31, 2004Projections: Fiscal Year Ending March 31, 2004Projections: Fiscal Year Ending March 31, 2004Projections: Fiscal Year Ending March 31, 2004

4848484848484848

(Millions of(Millions of(Millions of(Millions of




Interim 2004Interim 2004Interim 2004Interim 2004 34,20034,20034,20034,200 5,6005,6005,6005,600 5,6005,6005,6005,600 3,0003,0003,0003,0002003200320032003 31,88831,88831,88831,888 4,1794,1794,1794,179 4,1984,1984,1984,198 2,2342,2342,2342,234

Change (%)Change (%)Change (%)Change (%) 7.2%7.2%7.2%7.2% 34.0%34.0%34.0%34.0% 33.4%33.4%33.4%33.4% 34.3%34.3%34.3%34.3%

Fiscal 20034Fiscal 20034Fiscal 20034Fiscal 20034 69,00069,00069,00069,000 11,70011,70011,70011,700 11,70011,70011,70011,700 6,3006,3006,3006,3002003200320032003 65,73765,73765,73765,737 9,1489,1489,1489,148 9,1799,1799,1799,179 5,4725,4725,4725,472


Interim 2004Interim 2004Interim 2004Interim 2004 28,50028,50028,50028,500 5,1005,1005,1005,100 5,3005,3005,3005,300 2,8002,8002,8002,8002003200320032003 26,90126,90126,90126,901 3,7303,7303,7303,730 3,9413,9413,9413,941 2,1592,1592,1592,159


Fiscal 2004Fiscal 2004Fiscal 2004Fiscal 2004 57,50057,50057,50057,500 10,50010,50010,50010,500 10,80010,80010,80010,800 5,8005,8005,8005,8002003200320032003 55,37955,37955,37955,379 8,0278,0278,0278,027 8,2488,2488,2488,248 5,0175,0175,0175,017


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Projections by Company:Projections by Company:Projections by Company:Projections by Company:Fiscal Year Ending March 31, 2004Fiscal Year Ending March 31, 2004Fiscal Year Ending March 31, 2004Fiscal Year Ending March 31, 2004

Projections by Company:Projections by Company:Projections by Company:Projections by Company:Fiscal Year Ending March 31, 2004Fiscal Year Ending March 31, 2004Fiscal Year Ending March 31, 2004Fiscal Year Ending March 31, 2004

4949494949494949

(Millions of Yen)(Millions of Yen)(Millions of Yen)(Millions of Yen)





Japan OutsourcingJapan OutsourcingJapan OutsourcingJapan Outsourcing 4,0504,0504,0504,050 450450450450 450450450450 250250250250



3D Tec3D Tec3D Tec3D Tec 140140140140 0000 0000 0000

IMSIMSIMSIMS 20202020 0000 0000 0000

Meitec Global SolitionsMeitec Global SolitionsMeitec Global SolitionsMeitec Global Solitions 100100100100 2222 2222 1111



Japan OutsourcingJapan OutsourcingJapan OutsourcingJapan Outsourcing 8,1008,1008,1008,100 1,1001,1001,1001,100 1,1001,1001,1001,100 600600600600



3D Tec3D Tec3D Tec3D Tec 300300300300 10101010 10101010 5555

IMSIMSIMSIMS 140140140140 20202020 20202020 10101010

Meitec Global SolitionsMeitec Global SolitionsMeitec Global SolitionsMeitec Global Solitions 190190190190 3333 3333 2222




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Presuppositions for the Performance ProjectionsPresuppositions for the Performance ProjectionsPresuppositions for the Performance ProjectionsPresuppositions for the Performance Projections<Non<Non<Non<Non----consolidated>consolidated>consolidated>consolidated>

For the fiscal year ending March 31, 2004 For the fiscal year ending March 31, 2004 For the fiscal year ending March 31, 2004 For the fiscal year ending March 31, 2004

Presuppositions for the Performance ProjectionsPresuppositions for the Performance ProjectionsPresuppositions for the Performance ProjectionsPresuppositions for the Performance ProjectionsPresuppositions for the Performance ProjectionsPresuppositions for the Performance ProjectionsPresuppositions for the Performance ProjectionsPresuppositions for the Performance Projections<Non<Non<Non<Non<Non<Non<Non<Non--------consolidated>consolidated>consolidated>consolidated>consolidated>consolidated>consolidated>consolidated>

For the fiscal year ending March 31, 2004 For the fiscal year ending March 31, 2004 For the fiscal year ending March 31, 2004 For the fiscal year ending March 31, 2004 For the fiscal year ending March 31, 2004 For the fiscal year ending March 31, 2004 For the fiscal year ending March 31, 2004 For the fiscal year ending March 31, 2004

5050505050505050

１１１１１１１１. . . . . . . . Operating Ratio (Average)Operating Ratio (Average)Operating Ratio (Average)Operating Ratio (Average)Operating Ratio (Average)Operating Ratio (Average)Operating Ratio (Average)Operating Ratio (Average)First Half : 94.9%First Half : 94.9%First Half : 94.9%First Half : 94.9%Second Half : 97.1% Fiscal Year : 96.0%Second Half : 97.1% Fiscal Year : 96.0%Second Half : 97.1% Fiscal Year : 96.0%Second Half : 97.1% Fiscal Year : 96.0%

２２２２２２２２. Assignment of . Assignment of . Assignment of . Assignment of . Assignment of . Assignment of . Assignment of . Assignment of New GraduateNew GraduateNew GraduateNew GraduateNew GraduateNew GraduateNew GraduateNew Graduate: 100% (Projected for September 31, 2003) : 100% (Projected for September 31, 2003) : 100% (Projected for September 31, 2003) : 100% (Projected for September 31, 2003) : 100% (Projected for September 31, 2003) : 100% (Projected for September 31, 2003) : 100% (Projected for September 31, 2003) : 100% (Projected for September 31, 2003)

３３３３３３３３. Hours of Operation. Hours of Operation. Hours of Operation. Hours of Operation. Hours of Operation. Hours of Operation. Hours of Operation. Hours of Operation 9.189.189.189.189.189.189.189.18ｈｈｈｈｈｈｈｈ////////DayDayDayDayDayDayDayDay（（（（（（（（averageaverageaverageaverageaverageaverageaverageaverage））））））））

４４４４４４４４. . . . . . . . Rate RevisionRate RevisionRate RevisionRate RevisionRate RevisionRate RevisionRate RevisionRate Revision:1.3% increase in rate per hour compared to previous year:1.3% increase in rate per hour compared to previous year:1.3% increase in rate per hour compared to previous year:1.3% increase in rate per hour compared to previous year:1.3% increase in rate per hour compared to previous year:1.3% increase in rate per hour compared to previous year:1.3% increase in rate per hour compared to previous year:1.3% increase in rate per hour compared to previous year

５．５．５．５．５．５．５．５．MidMidMidMidMidMidMidMid--------career hiring during the fiscal year : 60 engineers career hiring during the fiscal year : 60 engineers career hiring during the fiscal year : 60 engineers career hiring during the fiscal year : 60 engineers career hiring during the fiscal year : 60 engineers career hiring during the fiscal year : 60 engineers career hiring during the fiscal year : 60 engineers career hiring during the fiscal year : 60 engineers

Initiatives to Increase Capital EfficiencyInitiatives to Increase Capital EfficiencyInitiatives to Increase Capital EfficiencyInitiatives to Increase Capital EfficiencyInitiatives to Increase Capital EfficiencyInitiatives to Increase Capital EfficiencyInitiatives to Increase Capital EfficiencyInitiatives to Increase Capital EfficiencyInitiatives to Increase Capital EfficiencyInitiatives to Increase Capital EfficiencyInitiatives to Increase Capital EfficiencyInitiatives to Increase Capital Efficiency

5151515151515151

　　　　　　　　Retirement of Retirement of Retirement of Retirement of Retirement of Retirement of Retirement of Retirement of ¥¥¥¥¥¥¥¥7,000 million of common stock7,000 million of common stock7,000 million of common stock7,000 million of common stock7,000 million of common stock7,000 million of common stock7,000 million of common stock7,000 million of common stock

　　　　　　　　 in fiscal 2004, ending March 31, 2004in fiscal 2004, ending March 31, 2004in fiscal 2004, ending March 31, 2004in fiscal 2004, ending March 31, 2004in fiscal 2004, ending March 31, 2004in fiscal 2004, ending March 31, 2004in fiscal 2004, ending March 31, 2004in fiscal 2004, ending March 31, 2004

　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　Establishment in November 2002 of Establishment in November 2002 of Establishment in November 2002 of Establishment in November 2002 of Establishment in November 2002 of Establishment in November 2002 of Establishment in November 2002 of Establishment in November 2002 of ¥¥¥¥¥¥¥¥6,0006,0006,0006,0006,0006,0006,0006,000　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　million commitment linemillion commitment linemillion commitment linemillion commitment linemillion commitment linemillion commitment linemillion commitment linemillion commitment line

　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　Amendment of cash position in NovemberAmendment of cash position in NovemberAmendment of cash position in NovemberAmendment of cash position in NovemberAmendment of cash position in NovemberAmendment of cash position in NovemberAmendment of cash position in NovemberAmendment of cash position in November　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　2002 from 2002 from 2002 from 2002 from 2002 from 2002 from 2002 from 2002 from ¥¥¥¥¥¥¥¥15,000 million to 15,000 million to 15,000 million to 15,000 million to 15,000 million to 15,000 million to 15,000 million to 15,000 million to ¥¥¥¥¥¥¥¥12,000 million12,000 million12,000 million12,000 million12,000 million12,000 million12,000 million12,000 million

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