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Financial Highlights

JVC KENWOOD Corporation and Consolidated Subsidiaries
Fiscal Year ended March 31

(Millions of yen)
  FYE 3/’10 FYE 3/’09
*1 *2
Including 1st half of JVC
Net sales 398,663 311,299 547,103
Operating income (loss) (6,454) (1,537) (4,007)
Ordinary income (loss) (14,753) (9,760) (16,526)
Net income (loss) (27,796) (30,735) (42,891)

(Millions of yen)
  FYE 3/’10 FYE 3/’09 *1
Total assets 274,752 344,077
Net assets 46,819 74,439
Net assets per share (Yen) 47.45 75.08
Stockholder’s equity ratio (%) 16.7 21.1
Retained earnings (38,301) (10,765)
Interest-bearing debt 108,306 134,100
Net debt 64,804 81,683
Cash flows from operating activities 21,453 10,425
Cash flows from investing activities (3,159) (11,288)
Cash flows from financing activities (27,120) 9,265
Number of employees 18,446 19,540

Graph

*1. In the Group’s earnings results for the fiscal year ended March 2009, JVC’s results for the first half are not consolidated due to the adoption of the purchase method.

*2. JVC’s net sales in the reference figures have been converted under the net method and have not been certified by the accounting firm.