ANNUAL REPORT

(in JPY millions) 2009
Asahi Tec CME HIT Niles
Phoenix
Corporate
Seagaia
Headquarters
Resort
Consolidation
entries
Continuing Discontinued
operations operations
Total
Revenue 218,815 18,170 102,527 45,444 12,327 2,599 (2,582) 397,300 - 397,300
Gross profit (loss) 18,848 7,061 1,364 6,089 1,441 55 (38) 34,820 - 34,820
Loss from operations (55,936) (9,300) (54,540) (11,164) (14,800) (8,189) (230) (154,159) - (154,159)
Net financial income (expense) 29,623 15 (9,494) (1,968) (455) (4,012) 1,560 15,269 - 15,269
Share of profit (loss) of equity accounted
investees (net of income tax)
408 - - - - (11,013) - (10,605) - (10,605)
Income tax benefit (expense) (1,567) (29) 6,512 (2,446) 3,843 (81) - 6,232 - 6,232
Profit from discontinued operations (net of
income tax)
- - - - - - - - 11,992 11,992
Minority interest (63) - 530 13 - - 14,574 15,054 174 15,228
Profit (loss) for the period attributable to
equity holders of the Company
(27,535) (9,314) (56,992) (15,565) (11,412) (23,295) 15,904 (128,209) 12,166 (116,043)
Non-current assets 97,590 6,771 57,371 24,581 12,649 76,025 (54,491) 220,496 - 220,496
Current assets 40,363 6,763 11,887 14,480 1,304 68,040 (5,716) 137,121 - 137,121
Total assets 137,953 13,534 69,258 39,061 13,953 144,065 (60,207) 357,617 - 357,617
Equity attributable to equity holders of the
Company
1,942 1,114 (42,247) (4,554) 3,454 138,226 (57,615) 40,320 - 40,320
Minority interest 1,132 - 1,187 392 - - 4,435 7,146 - 7,146
Non-current liabilities 97,434 6,127 16,538 16,809 7,678 1,231 1 145,818 - 145,818
Current liabilities 37,445 6,293 93,780 26,414 2,821 4,608 (7,028) 164,333 - 164,333
Total equity and liabilities 137,953 13,534 69,258 39,061 13,953 144,065 (60,207) 357,617 - 357,617
Cash flow from operating activities (672) (1,006) (2,615) 2,060 (361) (11,247) 1,628 (12,213) (6,037) (18,250)
Cash flow from investing activities (15,405) (432) (9,965) (3,547) (525) 16,808 20,496 7,430 (1,058) 6,372
Cash flow from financing activities 15,237 763 8,940 708 697 2,212 (20,871) 7,686 7,288 14,974
Net change in cash and cash equivalents (840) (675) (3,640) (779) (189) 7,773 1,253 2,903 193 3,096
Cash and cash equivalents at the beginning
of the period
6,465 2,506 6,234 2,957 644 53,652 - 72,458 (181) 72,277
Effect of exchange rate fluctuations on cash held (276) 1 (720) (100) - (678) (1,253) (3,026) (12) (3,038)
Cash and cash equivalents at the end of the
period
5,349 1,832 1,874 2,078 455 60,747 - 72,335 - 72,335
Depreciation of property, plant and
equipment
14,147 141 8,498 3,633 1,071 70 - 27,560 - 27,560
Amortization of intangible assets 2,658 1,471 2,155 378 29 27 - 6,718 - 6,718
Impairment
Property, plant and equipment 7,045 - 6,699 232 13,993 - - 27,969 - 27,969
Intangible assets 42,264 4,398 28,593 - (9) 20,044 - 95,290 - 95,290
Capital expenditure 9,194 182 9,965 3,693 525 54 - 23,613 - 23,613
Number of employees (Full Time Equivalent) 8,217 459 4,071 3,405 1,551 54 - 17,757 - 17,757
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