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					Consolidated Balance Sheets                                                                                   Year ended March 31
Assets                                                                                                                  Millions of yen
                                                    2002          2003          2004          2005          2006             2007
Current assets:
  Cash and cash equivalents                         381,901       410,130       461,764       288,157       218,598          384,719
  Marketable securities                              16,369        32,639        33,906        65,729        69,829           48,536
  Notes and accounts receivable:
       Trade and finance                            508,962       494,430       525,889       516,228       548,586          597,985
       Affiliated companies                          39,489        43,198        24,417        31,514        33,272           23,952
       Allowance for doubtful receivables           (17,952)      (16,150)      (14,470)      (14,517)      (15,543)          (16,345)
  Inventories                                       358,503       351,748       348,309       371,365       385,463          393,594
  Deferred income taxes                              70,778        76,857        82,276        88,795        96,030          100,440
  Prepaid expenses and other                         31,196        36,296        28,557        25,997        36,225           52,368
Total current assets                              1,389,246     1,429,148     1,490,648     1,373,268     1,372,460        1,585,249
Investments and long-term receivables:
  Investments in and advances to affiliated          40,080        40,741        43,985        46,563        54,283           44,782
companies securities
  Investment                                        306,256       263,002       261,022       279,895       310,152          336,886
  Long-term finance and other receivables            99,778       101,435        99,363        97,029       102,773          106,979
  Allowance for doubtful receivables                  (3,158)       (4,991)       (7,677)       (4,946)       (4,357)          (3,975)
Total investments and long-term receivables         442,956       400,187       396,693       418,541       462,851          484,672
Property, plant and equipment:
  Land                                               73,714        73,083        69,664        74,915        77,469           92,400
  Buildings                                         522,760       531,466       549,747       570,140       602,585          634,045
  Machinery and equipment                         1,522,562     1,535,312     1,538,884     1,596,768     1,647,474        1,674,487
  Construction in progress                           33,315        26,300        35,559        49,002        41,742           44,444
                                                  2,152,351     2,166,161     2,193,854     2,290,825     2,369,270        2,445,376
  Less accumulated depreciation                   (1,425,474)   (1,467,913)   (1,488,705)   (1,543,613)   (1,617,885)     (1,672,344)
Net property, plant and equipment                   726,877       698,248       705,149       747,212       751,385          773,032
Other assets:
  Goodwill, net                                     191,294       213,713       214,649       227,775       233,547          257,866
  Other intangible assets, net                       57,423        45,246        35,732        48,851        52,767           59,397
  Deferred income taxes                              66,260        85,625        81,870        47,750        38,217           53,798
  Other                                              72,306        86,150        98,768       120,060       116,264          105,088
Total other assets                                  387,283       430,734       431,019       444,436       440,795          476,149
Total assets                                      2,946,362     2,958,317     3,023,509     2,983,457     3,027,491        3,319,102


Liabilities and shareholders’ equity
                                                    2002          2003          2004          2005          2006             2007
Current liabilities:
  Short-term debt                                   187,254       159,631       143,265       123,592        99,088          106,043
  Notes and accounts payable:
       Trade                                        236,016       261,807       287,691       274,260       255,423          279,470
       Construction                                  36,209        40,663        41,339        47,846        49,764           49,548
       Affiliated companies                          10,235        10,437        11,649        10,035         7,322             4,887
  Accrued income taxes                               32,064        25,264        42,626        31,193        36,547           41,034
  Accrued liabilities                               166,391       165,994       172,426       192,809       214,993          225,848
  Other current liabilities                          52,628        48,574        53,090        54,365        59,769           74,534
Total current liabilities                           720,797       712,370       752,086       734,100       722,906          781,364
Long-term debt                                      137,446       124,404       116,823        96,040        74,329          267,965
Accrued pension and severance costs                 190,155       241,914       216,135       105,084        44,125           84,510
Deferred income taxes                                18,282        21,672        42,555        48,224        64,348           54,268
Customers’ guarantee deposits and other              51,153        51,266        42,303        34,941        38,647           42,459
Minority interests in subsidiaries                  130,466       126,080       103,725       115,966       119,549          112,028
Shareholders’ equity:
  Common stock, without par value                    40,363        40,363        40,363        40,363        40,363           40,363
  Additional paid-in capital                         68,135        68,135        68,135        68,135        68,412           68,412
  Retained earnings                               1,618,270     1,653,221     1,722,692     1,794,385     1,818,610        1,840,168
  Accumulated other comprehensive income (loss)     (28,133)      (76,243)      (76,121)      (33,525)       52,917           40,950
  Treasury stock, at cost                              (572)        (4,865)       (5,187)     (20,256)      (16,805)          (13,385)
Total shareholders’ equity                        1,698,063     1,680,611     1,749,882     1,849,102     1,963,497        1,976,508
Total liabilities and shareholders’ equity        2,946,362     2,958,317     3,023,509     2,983,457     3,027,401        3,319,102
Balance Sheet-Related Items                                                                                            Year ended March 31
                                                      2002            2003               2004          2005          2006          2007
Total assets (Millions of yen)                       2,946,362       2,958,317          3,023,509     2,983,457     3,027,491     3,319,102
Total asset turnover ratio (Times)                           0.8             0.9                0.9           0.8           0.9           0.9
Cash and cash equivalents (Millions of yen)            381,901         410,130           461,764       288,157       218,598       384,719
Net cash (Millions of yen)                               57,201        126,095           201,676        68,525        45,181        10,711
Total asset turnover ratio = Revenue ÷ Average total assets (average of levels at the start and end of the fiscal year)
Net cash = Cash and cash equivalents - Interest-bearing debt


                                                      2002            2003               2004          2005          2006          2007
Working capital (Millions of yen)                      668,449         716,778           738,562       639,168       649,554       803,885
Inventories (Millions of yen)                          358,503         351,748           348,309       371,365       385,463       393,594
Inventory asset turnover ratio (Times)                       6.8             7.1                7.3           7.0           7.0           7.1
Current ratio (%)                                         192.7           200.6            198.2         187.1         189.9         202.9
Working capital = Current assets - Current liabilities
Inventory asset turnover ratio = Revenue ÷ Average inventory assets (average of levels at the start and end of the fiscal year)
Current ratio = Current assets ÷ Current liabilities × 100


                                                      2002            2003               2004          2005          2006          2007
Interest-bearing debt (Millions of yen)                324,700         284,035           260,088       219,632       173,417       374,008
Liabilities (Millions of yen)                        1,248,299       1,277,706          1,273,627     1,134,355     1,063,994     1,342,594
Debt-equity ratio (Times)                                    0.2             0.2                0.1           0.1           0.1           0.2
Interest-bearing debt = Short-term debt + Long-term debt
Liabilities = Total liabilities and shareholders’ equity - Total shareholders’ equity
Debt-equity ratio = Interest-bearing debt ÷ Shareholders' equity


                                                      2002            2003               2004          2005          2006          2007
Shareholders' equity (Millions of yen)               1,698,063       1,680,611          1,749,882     1,849,102     1,963,497     1,976,508
Equity ratio (%)                                           57.6            56.8              57.9          62.0          64.9          59.5
Book-value per share (Yen)                            3,300.45        3,274.17           3,409.80      3,630.67      3,848.32      3,867.04
Shareholders’ equity turnover ratio (Times)                  1.4             1.5                1.5           1.4           1.4           1.4
Equity ratio = Shareholders’ equity ÷ Total assets × 100
Book-value per share = Shareholders’ equity ÷ Number of shares outstanding at fiscal year-end
Shareholders’ equity turnover ratio = Revenue ÷ Average shareholders’ equity (average of levels at the start and end of the fiscal year)
                                                                                                                              Year ended March 31
Consolidated Statements of Income                                                                                                          Millions of yen
                                                            2002            2003            2004            2005            2006                2007
Revenue:
   Sales                                                   2,059,854       2,164,535       2,212,387       2,172,003       2,300,842          2,399,636
   Rentals                                                  347,663         347,386         354,338         355,371         366,653             382,890
                                                           2,407,517       2,511,921       2,566,725       2,527,374       2,667,495          2,782,526
Cost of sales:
   Sales                                                   1,270,881       1,339,562       1,364,537       1,365,601       1,435,757          1,478,828
   Rentals                                                  132,690         134,989         139,306         145,080         158,047             159,509
                                                           1,403,571       1,474,551       1,503,843       1,510,681       1,593,804          1,638,337
Gross profit                                               1,003,946       1,037,370       1,062,882       1,016,693       1,073,691          1,144,189
Operating expenses:
   Selling, general and administrative                      684,370         765,987         704,659         767,363         735,058             760,042
   Research and development                                 146,881         159,119         173,323         168,017         182,154             177,004
   Restructuring and other charges                                     -               -               -               -     86,043              94,081
   Subsidy related to transfer of substitutional portion
                                                                       -     (52,136)                  -     (83,129)                  -                   -
   of employee pension fund liabilities
Operating income                                            172,695         164,400         184,900         164,442          70,436             113,062
Other income (expenses):
   Interest and dividend income                               5,577           3,909           4,246           6,080           8,133              11,376
   Interest expense                                           (9,289)         (6,674)         (5,459)         (4,668)         (3,886)             (6,351)
   Foreign exchange gains (losses), net                       8,131           (7,275)         (4,835)         1,862           7,526                6,746
   Decline in value of investment securities                  (7,615)        (17,038)          (466)            (304)          (122)             (23,946)
   Other, net                                                 (9,950)        (16,809)        (13,438)         (5,066)         (2,472)              2,377
                                                             (13,146)        (43,887)        (19,952)         (2,096)         9,179               (9,798)
Income before income taxes                                  159,549         120,513         164,948         162,346          79,615             103,264
Income taxes:
   Current                                                   79,299          62,020          70,657          55,083          52,756              62,910
   Deffered                                                   (8,446)         (1,737)         1,632           8,806          (17,732)             (3,377)
                                                             70,853          60,283          72,289          63,889          35,024              59,533
Income before minority interests and equity in net
                                                             88,696          60,230          92,659          98,457          44,591              43,731
earnings of affiliated companies
Minority interests                                           (10,597)        (12,835)        (13,289)        (18,103)        (12,785)            (12,643)
Equity in net earnings of affiliated companies                3,232           1,184           2,947           4,146           5,210                3,358
Net income                                                   81,331          48,579          82,317          84,500          37,016              34,446
Income Statement-Related Items                                                                                        Year ended March 31
                                                           2002          2003           2004          2005          2006          2007
Revenue (Millions of yen)                                2,407,517      2,511,921      2,566,725     2,527,374     2,667,495     2,782,526
Cost of sales (Millions of yen)                          1,403,571      1,474,551      1,503,843     1,510,681     1,593,804     1,638,337
Cost of sales ratio (%)                                        58.3           58.7           58.6         59.8          59.8          58.9
Gross profit (Millions of yen)                           1,003,946      1,037,370      1,062,882     1,016,693     1,073,691     1,144,189
Gross profit ratio (%)                                         41.7           41.3           41.4         40.2          40.2          41.1
Cost of sales ratio = Cost of sales ÷ Revenue × 100
Gross profit ratio = Gross profit ÷ Revenue × 100


                                                           2002          2003           2004          2005          2006          2007
Operating income (Millions of yen)                         172,695        164,400        184,900      164,442        70,436       113,062
Operating income ratio (%)                                        7.2           6.5            7.2           6.5           2.6           4.1
Income before income taxes (Millions of yen)               159,549        120,513        164,948      162,346        79,615       103,264
Income before income taxes ratio (%)                              6.6           4.8            6.4           6.4           3.0           3.7
Net income (Millions of yen)                                81,331         48,579         82,317       84,500        37,016        34,446
Net income ratio (%)                                              3.4           1.9            3.2           3.3           1.4           1.2
Earnings per share (Yen)                                    158.05          94.51         160.38       164.78         72.65         67.46
Operating income ratio = Operating income ÷ Revenue × 100
Income before income taxes ratio = Income before income taxes ÷ Revenue × 100
Net income ratio = Net income ÷ Revenue × 100
Earnings per share = Net income ÷ Average number of shares outstanding


                                                           2002          2003           2004          2005          2006          2007
Selling, general and administrative (Millions of yen)      684,370        765,987        704,659      767,363       735,058       760,042
Selling, general and administrative ratio (%)                  28.4           30.6           27.5         30.4          27.6          27.3
Research and development (Millions of yen)                 146,881        159,119        173,323      168,017       182,154       177,004
Research and development ratio (%)                                6.1           6.3            6.7           6.6           6.8           6.4
Capital expenditure (Millions of yen)*                     155,525        127,319        160,740      157,420       179,808       165,159
Depreciation and amortization (Millions of yen)            189,146        173,986        172,622      182,286       225,434       215,429
Selling, general and administrative ratio = Selling, general and administrative ÷ Revenue × 100
Research and development ratio = Research and development ÷ Revenue × 100
*
    Figures do not include amounts for rental equipment handled by the Document Solutions segment.
                                                                                                                       Year ended March 31
Consolidated Statements of Cash Flows                                                                                            Millions of yen
                                                                   2002        2003          2004        2005        2006             2007
Operatings activities
Net income                                                          81,331      48,579        82,317      84,500      37,016           34,446
Adjustments to reconcile net income to net cash provided by
operating activities
  Depreciation and amortization                                    189,146     173,986       172,622     182,286     225,434          215,429
  Decline in value of investment securities                           7,615     17,038           466         304         122           23,946
  Deffered income taxes                                              (8,446)     (1,737)        1,632       8,806     (17,732)          (3,377)
  Minority interests                                                10,597      12,835        13,289      18,103      12,785           12,643
  Equity in net earnings of affiliated companies,
                                                                     (2,637)       (944)         (667)     (2,031)     (3,899)          (1,987)
  less dividends received
  Impairment losses for long-lived assets and goodwill                     -             -           -           -    42,121           12,202
  Subsidy related to transfer of substitutional portion of
                                                                           -    (52,136)             -    (83,129)           -                 -
  employee pension fund liabilities
  Changes in operating assets and liabilities:
     Notes and accounts receivable                                    5,630           (95)    (20,519)    19,593       (7,223)          (9,637)
     Inventories                                                    24,087      12,771           174       (5,964)    15,118           10,976
     Notes and accounts payable - trade                             (45,316)    16,819        19,719      (23,320)    (33,486)         12,700
     Accrued income taxes and other liabilities                      (7,551)    50,987        40,481      20,869       (9,909)           1,326
  Other                                                              (6,271)    25,397        17,844         (656)    12,211           (11,391)
Net cash provided by operating activities                          248,185     303,500       327,358     219,361     272,558          297,276
Investing activities
Purchases of property, plant and equipment                         (158,815)   (122,624)     (160,070)   (150,915)   (186,980)       (172,572)
Purchases of software                                               (26,443)    (37,553)      (37,367)    (33,050)    (16,693)         (20,483)
Proceeds from sales and maturities of marketable and
                                                                    34,234      33,058        46,672      40,733      83,629          109,116
investment securities and other investments
Purchases of marketable and investment securities and other
                                                                   (116,104)    (23,656)      (16,634)    (85,287)    (58,757)       (146,911)
investments
(Increase) decrease in investments in and advances to affiliated
                                                                       (314)     (6,361)        1,702      (1,156)    (19,237)           1,383
companies
Acquisitions of businesses and minority interests, net of cash
                                                                    (26,750)    (33,486)      (21,901)    (58,010)    (40,587)         (45,741)
acquired
Other                                                                  (556)    (11,306)      (19,588)    (24,716)    (33,504)         (22,793)
Net cash used in investing activities                              (294,748)   (201,928)     (207,186)   (312,401)   (272,129)       (298,001)
Financing activities
Proceeds from long-term debt                                        82,383      16,055          6,604       1,940       1,728         200,568
Repayments of long-term debt                                        (36,199)    (28,708)      (25,787)    (19,085)    (21,452)         (29,725)
Increase (decrease) in short-term debt, net                         (78,024)    (29,902)      (27,615)    (31,042)    (43,119)           6,120
Cash dividends paid                                                 (12,222)    (12,861)      (12,833)    (12,831)    (12,734)         (12,754)
Subsidiaries' cash dividends paid to minority interests              (1,396)     (4,579)       (3,550)     (7,091)     (4,941)          (5,220)
Net sales (purchases) of stock for treasury                            (416)     (4,257)         (335)    (15,297)       209              (702)
Net cash provided by (used in) financing activities                 (45,874)    (64,252)      (63,516)    (83,406)    (80,309)        158,287
Effect of exchange rate changes on cash and cash equivalents          8,072      (4,780)       (5,022)      2,839     10,321             8,559
Net increase (decrease) in cash and cash equivalents                (84,365)    32,540        51,634     (173,607)    (69,559)        166,121
Change of fiscal year-end of certain subsidiaries                          -     (4,311)             -           -           -                 -
Cash and cash equivalents at beginning of year                     466,266     381,901       410,130     461,764     288,157          218,598
Cash and cash equivalents at end of year                           381,901     410,130       461,764     288,157     218,598          384,719
Cash Flow Statement-Related Items                                                                                              Year ended March 31
                                                                          2002           2003        2004        2005        2006        2007
Net cash provided by operating activities (Millions of yen)                248,185        303,500    327,358     219,361     272,558      297,276
Net cash used in investing activities (Millions of yen)                   (294,748)      (201,928)   (207,186)   (312,401)   (272,129)   (298,001)
Net cash provided by (used in) financing activities (Millions of yen)      (45,874)       (64,252)    (63,516)    (83,406)    (80,309)    158,287
Free cash flow (Millions of yen)                                           (46,563)       101,572    120,172      (93,040)       429         (725)
Free cash flow = Net cash provided by operating activities + Net cash used in investing activities
                                                                                                 Year ended March 31
Operating Segments                                                                                         Millions of yen
                                         2002         2003         2004           2005         2006             2007
Revenue
  Imaging Solutions:
    External customers                   784,627      830,990      815,527        742,993      689,458          605,383
    Intersegment                             378          447        1,030            306          618               899
    Total                                785,005      831,437      816,557        743,299      690,076          606,282
  Information Solutions:
    External customers                   685,334      724,299      755,159        768,680      877,366        1,026,085
    Intersegment                           3,403        5,046        4,878          4,414        2,965             2,818
    Total                                688,737      729,345      760,037        773,094      880,331        1,028,903
  Document Solutions:
    External customers                   937,556      956,632      996,039       1,015,701    1,100,671       1,151,058
    Intersegment                          11,647       11,588       12,557         13,560       12,478            12,187
    Total                                949,203      968,220     1,008,596      1,029,261    1,113,149       1,163,245
  Eliminations                            (15,428)     (17,081)     (18,465)       (18,280)     (16,061)         (15,904)
Consolidated total                      2,407,517    2,511,921    2,566,725      2,527,374    2,667,495       2,782,526


Operating income (loss):
  Imaging Solutions                       48,792       45,077       43,475          (7,101)     (75,713)         (42,631)
  Information Solutions                   82,523       63,830       76,380         71,089       79,056            95,170
  Document Solutions                      41,366       55,492       65,121        100,407       67,026            61,186
  Total                                  172,681      164,399      184,976        164,395       70,369          113,725
  Corporate expenses and eliminations           14           1            (76)           47           67            (663)
Consolidated total                       172,695      164,400      184,900        164,442       70,436          113,062
                                                                                  Year ended March 31
Geographic Segments                                                                         Millions of yen
                            2002         2003         2004         2005         2006             2007
Revenue
  Japan:
    External customers     1,578,445    1,594,306    1,640,368    1,624,748    1,666,130       1,666,182
    Intersegment            264,002      303,766      318,468      338,601      385,242          459,120
  Total                    1,842,447    1,898,072    1,958,836    1,963,349    2,051,372       2,125,302
  The Americas:
    External customers      446,429      486,679      459,945      428,361      456,461          491,129
    Intersegment               6,266        7,597        5,881      15,520       26,575            25,021
  Total                     452,695      494,276      465,826      443,881      483,036          516,150
  Europe:
    External customers      235,897      267,398      294,472      271,438      307,535          340,246
    Intersegment             11,550       10,060       12,711       11,707       13,279            18,536
  Total                     247,447      277,458      307,183      283,145      320,814          358,782
  Asia and others:
    External customers      146,746      163,538      171,940      202,827      237,369          284,969
    Intersegment             73,903       89,181       77,086      143,699      236,060          316,774
  Total                     220,649      252,719      249,026      346,526      473,429          601,743
  Eliminations              (355,721)    (410,604)    (414,146)    (509,527)    (661,156)       (819,451)
Consolidated total         2,407,517    2,511,921    2,566,725    2,527,374    2,667,495       2,782,526


Operating income (loss):
  Japan                     140,424      122,720      145,567      137,448       66,169            86,999
  The Americas               18,546       19,266         7,794       (1,782)     (14,434)         (12,927)
  Europe                       7,400      11,243       15,244       10,336       (12,300)          (2,356)
  Asia and others              6,478      13,031       18,074       17,231       25,804            41,056
  Eliminations                  (153)      (1,860)      (1,779)       1,209        5,197              290
Consolidated total          172,695      164,400      184,900      164,442       70,436          113,062
                                                                        Year ended March 31
Revenue By Region (Destination Base)                                             Millions of yen
                      2002        2003        2004        2005        2006            2007
  Japan              1,355,192   1,330,119   1,336,015   1,311,893   1,329,284      1,303,647
  The Americas         517,135    562,827     541,982     515,169     558,702         572,797
  Europe               282,820    333,699     376,006     349,903     375,516         422,965
  Asia and others      252,370    285,276     312,722     350,409     403,993         483,117
Consolidated total   2,407,517   2,511,921   2,566,725   2,527,374   2,667,495      2,782,526
Other Indicators
                                                     2002            2003            2004            2005            2006            2007
PBR (Times)                                              1.26            1.11             0.97           1.08            1.02            1.25
PER (Times)                                             26.38           38.51            20.64          23.79           54.09           71.45
ROA (%)                                                     2.8             1.6             2.8             2.8             1.2             1.1
ROE (%)                                                     4.9             2.9             4.8             4.7             1.9             1.7
PBR = Stock price at fiscal year-end ÷ Book-value per share
PER = Stock price at fiscal year-end ÷ Earnings per share
ROA = Net income ÷ Average total assets (average of levels at the start and end of the fiscal year) x 100
ROE = Net income ÷ Average shareholders’ equity (average of levels at the start and end of the fiscal year) x 100


                                                     2002            2003            2004            2005            2006            2007
Interest coverage ratio (Times)                          26.7            45.5             60.0           47.0            70.1            46.8
Number of shares outstanding at fiscal
                                                 514,495,085      513,293,833     513,192,100     509,299,992     510,222,073     511,116,146
year-end (Excluding treasury stocks) (Shares)
Number of employees (Persons)                         72,569          72,633          73,164          75,638          75,845          76,358
Interest coverage ratio = Net cash provided by operating activities ÷ Interest expense


                                                     2002            2003            2004            2005            2006            2007
Exchange rate [U.S. dollars] (Yen)                        124            122              113            108             113             117
Exchange rate [Euro] (Yen)                                110            120              132            135             138             149
Total market value (Millions of yen)               2,145,445        1,868,390       1,698,666       1,996,456       2,005,173       2,463,580
Total market value = Stock price at fiscal year-end × Number of shares outstanding at fiscal year-end


                                                     2002            2003            2004            2005            2006            2007
Cash dividends per share (Yen)                          25.00           25.00            25.00          25.00           25.00           25.00
Payout ratio (Consolidated basis) (%)                    15.8            26.5             15.6           15.2            34.4            37.1
Dividend on equity ratio (%)                                0.8             0.8             0.7             0.7             0.7             0.6
Payout ratio = Cash dividends per share ÷ Earnings per share × 100
Dividend on equity ratio = Cash dividends per share ÷ Average shareholders’ equity (average of levels at the start and end of the fiscal year) x 100

				
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