|
|
|
In 2006, we recorded our highest-ever consolidated net sales and operating income. Below is a comparison of these results with our results for 1994. This clearly demonstrates the growth we have achieved during the past 13 years.
|
|
|
|
Our consolidated net sales and operating income have been increasing steadily for the past 13 years. During the past seven years in particular, we have broken sales records every year, which has enabled us to register 13 consecutive years of revenue growth. |
|
Growth Trends |
|
|
|
|
Fiscal 1994
|
Fiscal 2006
|
Approximate Relative Growth
|
| Net Sales |
¥38,430 million |
¥91,210 million |
2.4 times |
| Operating Income |
¥14 million |
¥7,850 million |
561 times |
|
|
|
 
|
|
|
|
Our international subsidiaries have increased in number from six to 144 and our global management has clearly made great strides In 2006. Our international sales account for 52% of our overall sales. |
|
Globalization Trend |
|
|
|
|
Fiscal
1994
|
Fiscal
2006
|
Comparison
(Points)
|
| Number of employees |
| •Headquarters only |
| •Including subsidiaries |
|
8,560
13,043 |
6,940
33,776 |
-1,620
+20,733 |
| Number of subsidiaries |
| •Total domestic + international |
| •International only |
|
60
6 |
190
144 |
|
| Ratio of international to domestic sales |
15.4% |
51.5% |
|
|
|
|
|
|
|
Our market share for industrial-use packaged air conditioners has grown from 30.5% to 44.2% during the past 13 years, which represents the largest share of this market. In addition, our home-use air conditioners have attained large share in this category. |
|
Trends in Domestic Market Share (Projected) |
|
|
|
|
Fiscal 1994
|
Fiscal 2006
|
Comparison
(Points)
|
| Packaged air conditioners for the domestic market |
29.9% |
44.2% |
+14.3 |
| Home-use air conditioners for the domestic market |
6.7% |
18.6% |
+11.9 |
|
|
|
|
|
|
During the past 13 years, our company's share price become about 5 times, from ¥884 to ¥4,100. Moreover, we have continued to gain higher evaluations in various ratings and rankings. |
|
Trend in Share Price and Objective Evaluations |
|
|
|
|
Fiscal
1994
|
Fiscal
2006
|
| Share price |
¥884 |
¥4,100 |
| (Nikkei Stock Average) |
¥19,723 |
¥17,288 |
| Rating: Rating and Investment Information, Inc. |
A |
A+ |
| Rating: Moody's Japan K.K. |
Baa3 |
A3 |
| Nikkei Excellent Company Ranking |
No.478 |
No.122 |
| Private Sector Multi Evaluation System |
No.177 |
No.33 |
|
|
|
|
• |
Share prices listed are as of the end of the relevant calendar year. |
| • |
The Private Sector Multi Evaluation System (PRISM) was developed by Nihon Keizai Shimbun, Inc.
|
|
|
