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## Consolidated Financial Highlights 

JS Group Corporation and Consolidated Subsidiaries 

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Notes: 1. The U.S. dollar amounts have been translated, for convenience only, at ¥93.04=US$1, the rate of exchange at March 31, 2010. 

2. “Total equity,” “Equity ratio,” and “Total equity per share” as of March 31, 2006 are the figures of previous “Shareholders’ equity,” “Shareholders’ equity ratio,” and “Sharehold- ers’ equity per share.” “ROE” at March 31, 2006 is the figure calculated based on the previous consolidated financial statement regulations. 

3. All amounts less than one hundred million yen or one million U.S. dollars have been rounded to the nearest whole number. 

## Performance Highlights 

## Net Sales 

Overseas business growth and new consolidations lifted sales. However, overall net sales declined 6.1% year on year due to the large impact of lower new housing starts. 

## Operating Income and Operating Income Ratio 

Despite the large drop in net sales, operating income rose 1.5%, the result of progress with efforts to strengthen cost competitiveness and reduce SG&A expenses. The operating income ratio improved 0.2 of a percentage point. 

## Net Loss 

We recorded a net loss of ¥5.3 billion, compared with net income of ¥0.5  billion in the previous fiscal year. This result reflected extraordinary items total- ing ¥24.8 billion, including impairment losses of ¥15.1 billion and loss on  factory restructurings of ¥4.2 billion. 

