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Financial Summary

Elpida Memory, Inc. and Consolidated Subsidiaries For the years ended March 31

millions of yen (Amount per share: yen)
  2006 2007 2008 2009 2010
Sales
Net sales 241,554 490,039 405,481 331,049 466,953
Profits
Operating income 144 68,420 (24,940) (147,389) 26,845
Ratio to net sales (%) 0.1 14.0 (6.2) (44.5) 5.7
Income before income taxes (5,494) 58,346 (21,067) (180,754) 8,919
Net income (4,708) 52,943 (23,542) (178,870) 3,085
Ratio to net sales (%) (1.9) 10.8 (5.8) (54.0) 0.7
Cash Flows
Operating activities 33,865 99,867 83,102 (48,365) 65,573
Investing activities (182,653) (136,656) (260,394) (75,492) (95,772)
Financing activities 69,450 90,570 110,654 140,344 28,850
Free Cash Flows (148,788) (36,789) (177,292) (123,857) (30,199)
CAPEX & Depreciation Cost
Capital expenditure 189,417 155,032 160,375 88,562 43,836
Depreciation cost 53,368 77,769 94,081 94,763 121,821
R&D cost 24,397 29,043 29,943 32,242 34,497
Stability Index
Total assets 568,120 762,436 754,379 965,289 947,450
Shareholders' equity 190,783 378,934 347,727 167,295 263,637
Shareholders' equity ratio (%) 33.6 49.7 46.1 17.3 27.8
Interest-bearing debt 275,395 229,613 289,061 567,434 504,749
Net D/E ratio (Times) 0.86 0.17 0.55 2.71 1.48
Interest coverage ratio (Times) 8.3 23.3 19.4 (7.6) 6.2
ROA, ROE
ROA (%) (0.9) 8.0 (3.1) (20.8) 0.3
ROE (%) (2.4) 18.6 (6.5) (69.5) 1.4
Per Share Data
Book-value per share (yen) 1,977.69 2,930.92 2,679.57 1,181.45 1,185.27
Net income per share (yen) (48.81) 444.00 (181.58) (1,394.11) 14.54
Number of employees as of March 31 2,518 3,227 3,477 5,863 6,099
Number of shares as of March 31 96,468,400 129,288,900 129,770,400 141,601,419 196,601,419
Notes:
  1. Free Cash Flows = Operating activities + Investing activities
  2. Interest-bearing debt = Long-term and short-term debt + Long-term and short-term lease obligations
  3. Net D/E ratio = (Interest-bearing debt - Cash and time deposits) / Shareholders' equity
  4. Interest coverage ratio = Operating cash flow / Interest expense
  5. ROA = Net income / Total assets (yearly average)
  6. ROE = Net income / Shareholders' equity (yearly average)
  7. Amount per share information is calculated by dividing net income (net assets) by the average number of shares outstanding during the relevant period
  8. Number of shares as of March 31, 2005 includes 4,480,000 shares of Class B stock. All Class B stock was converted into common stock during the year ended March 31, 2006.

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