Summary of Consolidated Full Year Results for 2011

(2) Consolidated statement of income and Consolidated statement of comprehensive income
Consolidated statement of income
Previous year
(Unit:Million Yen)
Current year
From 1 Jan. 2010
From 1 Jan. 2011
To 31 Dec. 2010
To 31 Dec. 2011
Net sales 2,346,081 2,771,418
Cost of sales 2,183,535 2,582,339
Gross profit
Selling, general and administrative expenses
162,545 189,078
Freightage related expenses 36,007 37,521
Personal expenses 36,595 35,990
Rent expenses 6,392 6,013
Depreciation 6,475 7,274
Other 40,371 41,990
Total selling, general and administrative expenses 125,844 128,790
Operating income
Non-operating income
36,701 60,288
Interest income 230 213
Dividends income 3,628 258
Foreign exchange gains 913 1,507
Amortization of negative goodwill 1,363 ―
Equity in earnings of affiliates 711 1,804
Gain on investments in silent partnership 1,374 1,472
Other 1,692 1,385
Total non-operating income
Non-operating expenses
9,913 6,642
Interest expenses 2,206 2,423
Sales discounts 1,428 1,700
Other 832 998
Total non-operating expenses 4,467 5,123
Ordinary income
Extraordinary income
42,148 61,807
Gain on sales of noncurrent assets 2,488 8,951
Gain on sales of investment securities 2,050 284
Reversal of provision for special repairs 785 62
Subsidy 1,017 3,546
Other 282 1,251
Total extraordinary income 6,624 14,094
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