Annual Report 2012

Millions of yen2008 2007 2006 2005 2004 2003 2002¥ 1,901,433 ¥ 1,866,267 ¥ 1,793,925 ¥ 1,753,306 ¥ 1,666,945 ¥ 1,676,918 ¥ 1,708,1401,597,284 1,580,546 1,522,325 1,485,266 1,419,156 1,429,489 1,454,133291,923 279,080 266,908 263,216 243,084 242,988 248,89812,225 6,640 4,690 4,823 4,703 4,440 5,1081,682,699 1,666,887 1,631,402 1,605,602 1,556,828 1,566,037 1,590,30948,009 45,126 38,495 33,722 31,297 36,055 45,94469,146 59,422 49,333 45,525 38,688 37,406 33,997101,578 94,831 74,693 68,455 40,130 37,419 37,889— — — — — — —— — — — — — —— — — — — — —— — — — — — —— — — — — — —— — — — — — —— — — — — — —— — — — — — —— — — — — — —— — — — — — —48,502 50,325 43,187 43,025 46,156 42,802 33,37036,439 33,208 18,663 32,190 27,263 23,330 21,180520,823 517,516 488,205 444,940 421,128 367,551 375,3901,297,406 1,360,694 1,315,599 1,287,351 1,262,383 1,205,103 1,248,20590,096 123,058 63,966 83,139 83,108 48,315 113,752144,639 170,109 150,615 145,983 138,236 136,149 165,625¥ 489.26 ¥ 486.94 ¥ 467.80 ¥ 426.24 ¥ 403.38 ¥ 352.02 ¥ 353.9934.94 31.84 17.71 30.64 25.93 22.08 19.9739.33% 37.33% 37.11% 34.56% 33.36% 30.50% 30.07%7.16 6.67 4.00 7.43 6.91 6.28 5.9669,177 67,773 65,562 65,321 64,699 65,160 66,71624,434 23,796 24,190 24,400 25,321 25,701 27,2633. Nippon Express underwent an organizational change in the consolidated fiscal year ended March 31, 2011. Consequently, for Distribution & Transportation, overseas companies,Asia & Oceania has been divided into East Asia and South Asia & Oceania. As it is not possible to restate the results for the consolidated fiscal year ended March 31,2010 under the new reportable segments, such results are presented here in accordance with the previous segment designations.4. The calculation of net assets is carried out by applying the Accounting Standards for Description of Net Assets in the Balance Sheet (Accounting Standards Board of Japan,“Accounting Standards for Business Enterprises, No. 5” dated December 9, 2005) and the Application Guidelines for Accounting Standards and Others for Description of NetAssets in the Balance Sheet (Accounting Standards Board of Japan, “Application Guideline for Accounting Standards for Business Enterprises, No. 8” dated December 9,2005) from the year ended March 31, 2007.NIPPON EXPRESS Annual Report 201225