1st Quarter Results

Maruwa Co Ld
3 August 2001

 
MARUWA REPORTS CONSOLIDATED FIRST QUARTER RESULTS 

MARUWA Co.,Ltd today announced its consolidated and non-consolidated business
results for the first quarter of fiscal 2002, the three-month period ended
June 30,2001 

Note :  Statements of income are unaudited. 
        U.S. dollar amounts are translated from yen, for convenience only, at   
        the rate of US$=124.6 

CONSOLIDATED 1. Financial highlights 
 
                           Three Months Ended June 30th
                                    JPY                         U.S.Dollars
                                (Millions)                      (Thousands)
                            (except % per sales)

                    2001              2000         Change         2001
                         % per             % per          % per
                  Amount Sales    Amount   Sales  Amount  Sales
Net sales         3,276  100.0%   3,706   100.0%  (430)    -12%   26,292
Cost of sales     2,399   73.2%   2,491    67.2%   (92)     -4%   19,253
Gross profit        877   26.8%   1,215    32.8%  (338)    -28%    7,039
SG&A expenses       548   16.7%     476    12.8%    72      15%    4,399
Operating income    329   10.0%     739    19.9%  (410)    -55%    2,640
Other income        133    4.1%       9     0.2%   124    1378%    1,068
Income before
 income taxes       462   14.1%     748    20.2%  (286)    -38%    3,708
Net income          397   12.1%     484    13.1%   (87)    -18%    3,186

2. Cumulative Total

                                  JPY                         U.S. Dollars
                               (Millions)                      (Thousands)
                    1st Qt   2nd Qt    3rd Qt   4Qt   Total        Total
Net sales           3,276                             3,276         26,292
Cost of Sales       2,399                             2,399         19,254
Gross Profit          877                               877          7,039
SG&A expenses         548                               548          4,398
Operating income      329                               329          2,640
Other income          133                               133          1,067
Income before
 income taxes         462                               462          3,708
Operating income      397                               397          3,186

3. Sales breakdown

                           JPY                                U.S. Dollars
                        (Millions)                              (Thousands)
                    1st Qt  1st Qt             Change             1st Qt  
                    2001     2000     Change    (%)               2001
Circuit Ceramic
 Products          1,537   1,815        (278)    -15%              12,335
Machinery Ceramic
 Products            318     346         (28)     -8%               2,552
High Frequency
 Products            221     380        (159)    -42%               1,774
Capacitor Products 1,200   1,165          35       3%               9,631
      Total        3,276   3,706        (430)    -12%              26,292

4. Sales breakdown - Cumulative Total

                                  JPY                         U.S. Dollars
                               (Millions)                      (Thousands)
                    1st Qt   2nd Qt    3rd Qt   4Qt   Total        Total
Circuit Ceramic
 Products          1,537                              1,537         12,335
Machinery Ceramic
 Products            318                                318          2,552
High frequency
 Products            221                                221          1,774
Capacitor Products 1,200                              1,200          9,631
       Total       3,276                              3,276         26,292