– Costs of Sales) to Sales Net profit margin = Net Profit to Total Revenues Debt to Equity = Total Liabilities to Total Equity Return on Assets (ROA) = Profit before financial costs and income tax to

Net profit margin = Net Profit to Total Revenues Debt to Equity = Total Liabilities to Total Equity Return on Assets (ROA) = Profit before financial costs and income tax to average Total Assets Return

Equity = Total Liabilities to Total Equity Return on Assets (ROA) = Profit before financial costs and income tax to average Total Assets Return on Equity (ROE) = Net Profit to average Total Equity Yours

Total Revenues Debt to Equity = Total Liabilities to Total Equity Return on Assets (ROA) = Profit before financial costs and income tax to average Total Assets Return on Equity (ROE) = Net Profit to

to Total Revenues Debt to Equity = Total Liabilities to Total Equity Return on Assets (ROA) = Profit before financial costs and income tax to average Total Assets Return on Equity (ROE) = Net Profit to

) to Sales Net profit margin = Net Profit to Total Revenues Debt to Equity = Total Liabilities to Total Equity Return on Assets (ROA) = Profit before financial costs and income tax to average Total

ratio Time 0.11 0.13 0.09 9. Gross profit % 34.3 37.4 40.3 10. Net profit % 10.9 54.1 19.1 11. Rate of return on total assets % 1 5.65 2.35 12. Shareholder return rate % 1.10 6.41 2.55 Submitted for your

Profit to Total Revenues Debt to Equity = Total Liabilities to Total Equity Return on Assets (ROA) = Profit before financial costs and income tax to average Total Assets Return on Equity (ROE) = Net Profit

% 34.90 37.80 38.10 10. Net profit % 12.40 15.00 14.20 11. Rate of return on total assets % 1.15 2.08 3.10 12. Shareholder return rate % 1.28 2.28 4.96 In the 2nd quarter of 2017, the Company and

Equity Return on Assets (ROA) = Profit before financial costs and income tax to average Total Assets Return on Equity (ROE) = Net Profit to average Total Equity Yours faithfully, (Mr. Hiroaki Sano