Finalcial Statements

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May 8, 2007
ITX Corporation

Consolidated Earnings Report
for the Year Ended March 31, 2007



Scheduled date for Ordinary Annual General Meeting
of Shareholders: June 22, 2007

1. Consolidated Results for the year ended March 31, 2007
(April 1, 2006 – March 31, 2007) -- Unaudited

(1) Consolidated Operating Results
(Millions of yen)
  Revenues Operating income (loss) Net income (loss)
Apr. 1 - Mar. 31, 2007 330,314 (-4.8)% 2,784 (-4.2)% (1,751) ( - )%
Apr. 1 - Mar. 31, 2006 346,855 (-0.8)% 2,906 (-59.4)% 1,318 (119.0)%
(Yen)
  Net income (loss) per share Net income per share (diluted)
Apr. 1 - Mar. 31, 2007 (3,571.40) -
Apr. 1 - Mar. 31, 2006 2,616.49 2,166.43
(Reference): Equity in gains of unconsolidated subsidiaries and affiliates:
Apr. 1 - Mar. 31, 2007    ¥ 49 million
Apr. 1 - Mar. 31, 2006    ¥ 147 million

(2) Consolidated Financial Position

(Millions of yen)
  Total assets Total net assets Equity Ratio Net assets
per share
      % (Yen)
Mar. 31, 2007 178,301 29,178 14.1 51,431.48
Mar. 31, 2006 167,049 26,897 16.1 54,794.33
(Reference): Equity :
  Mar. 31, 2007    ¥ 25,214 million 
  Mar. 31, 2006    ¥ -

(3) Consolidated Cash Flows

(Millions of yen)
  Operating activities Investing activities Financing activities Cash and cash equivalents,
at end of year
Apr. 1 - Mar. 31, 2007 6,495 (2,314) 3,945 25,932
Apr. 1 - Mar. 31, 2006 (13,363) (112) 6,658 17,618
Note: figures in brackets indicate minus amounts

2. Dividends

  Dividends per Share(¥) Total dividends (annual) (millions of yen) Dividend payout
ratio (%)
(Consolidated)
Dividend on equity (%)
(Consolidated)
Record date Interim Year-end Annual
Year ended March 31, 2007 - - 0.00 - - -
Year ended March 31, 2006 - - 0.00 - - -
Year ending March 31, 2008 (forecast) - - 0.00 - - -

3. Forecast for Fiscal 2008 (April 1, 2007 – March 31, 2008)

  Revenues Operating income (loss) Net income(loss) Net income (loss) per share
Millions of yen % Millions of yen % Millions of yen % Yen
Six-month period ending September 30,2007 168,000 9.5 1,200 - 100 - 203.98
Year ending March 31, 2008 358,000 8.4 4,500 61.6 1,500 - 3,059.73
(Note: Percentage changes are compared with the previous corresponding period.)

4. Other

  1. Changes in major subsidiaries during the period
    (changes in specified subsidiaries due to change in the scope of consolidation): No
  2. Changes in accounting principles, procedures or methods of presentation associated with consolidated financial statements (significant changes in basis of presenting consolidated financial statements)
    1. Changes due to revisions to accounting standards: Yes
    2. Other changes besides (a): Yes
    Note: For further details, please refer to “Significant changes in basis of presenting consolidated financial statements” on page 23.
  3. Number of shares issued and outstanding (Common stock):
  Mar. 31, 2007 Mar. 31, 2006
Number of shares issued and outstanding 490,240 490,240
Treasury Stock - -

(Reference)

Summary of Non-Consolidated Results for the year ended March 31, 2007
(April 1, 2006 – March 31, 2007) -- Unaudited

(1) Non-Consolidated Operating Results                                         

 (Millions of yen)
  Revenues Operating income (loss) Net income(loss)
Apr. 1 - Mar. 31, 2007 4,761 (-91.5)% (987) ( - )% 1,782 (183.0)%
Apr. 1 - Mar. 31, 2006 56,049 (-47.1)% (2,485) ( - )% 630 (-92.0)%

(Yen)
  Net income (loss) per share Net income per share (diluted)
Apr. 1 - Mar. 31, 2007 3,635.64 3,018.65
Apr. 1 - Mar. 31, 2006 1,284.89 1,066.84

(2) Non-Consolidated Financial Position 

(Millions of yen)
  Total assets Total net assets Equity Ratio Net assets
per share
      % (Yen)
Mar. 31, 2007 107,537 35,550 33.1 72,516.59
Mar. 31, 2006 107,554 33,579 31.2 68,495.66
(Reference): Equity:  
  Mar. 31, 2007   ¥ 35,550 million
  Mar. 31, 2006 ¥ -

Cautionary Statement on Appropriate Use of Earnings Forecasts
Earnings forecasts are based on information available and assumptions of uncertainties that could impact future results as of the date of release. Accordingly, actual results could differ materially to forecasts due to a variety of factors. Please refer to page 6 of the supplementary materials for cautionary statements concerning the appropriate use of earnings forecasts.

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