Income taxes increased ¥20.5 billion year on year to ¥110.8
billion in the fiscal year under review. The main reason was that
total income taxes had declined in the previous fiscal year in
tandem with a rise in deferred tax assets due to the application
of the consolidated taxation system from the fiscal year under
review. After application of tax effect accounting, the effective
tax rate was 42.2%.
Net income rose ¥8.2 billion year on year to ¥138.0 billion.
The rise was due to the increase in income before income taxes
and minority interests, which outweighed the effects of higher
income taxes.
Net income per share was ¥156.26, up ¥9.3 per share from
¥146.96 per share in the previous fiscal year.