DAISHINKU CORPORATION : manufacturing and selling crystal devices including crystal oscillator as leading product

Financial Results for the First Half Ended September 30, 2007

DAISHINKU CORP.

Osaka, November 16, 2007 - Daishinku Corp. today announced its consolidated financial results for the first half ended September 30, 2007.

1. Consolided Operating Results for the First Half ended September 30, 2007 (April 1, 2007 to September 30, 2007)

(1) Consolidated operating results

(Figures in % are comparisons with the same period of the previous year.)

Net Sales

Operating Income

Recurring Income

Net Income

2007 (first half)

2006 (first half)

Millions of Yen	%
20,904	4.4
20,022	26.9

Millions of Yen	%
2,122	20.0
1,768	125.0

Millions of Yen	%
1,975	13.6
1,738	83.3

Millions of Yen	%
1,311	3.1
1,272	187.3

Year ended
Mar. 31, 2007

40,901

-

3,820

-

4,002

-

2,064

-

Net Income per
share

Net Income per share
after adjustment with
potential shares

2007 (first half)

2006 (first half)

Yen

30.35

29.10

Yen

-

Year ended
Mar. 31, 2007

47.46

-

ref. Investment Profit or loss on Equity Method

　　　As of Sep. 30, 2007 ; -Yen-million, As of Sep. 30, 2006 ; -Yen-million, As of Mar. 31, 2006; -Yen-million

(2) Consolidated financial status

Total Assets

Net Assets

Capital adequacy ratio

Shareholders' equity per share

2007 (first half)

2006 (first half)

Millions of Yen

63,219

63,632

Millions of Yen

38,578

36,082

%

55.6

52.0

Yen

813.76

758.59

Year ended
Mar. 31, 2007

62,612

37,241

54.1

783.45

ref. Tangible Net Worth : As of Sep. 30, 2007 ; 35,155 Yen-million, As of Sep. 30, 2006 ; 33,058 Yen-million, As of Mar. 31, 2007, 33,870 Yen-million

(3) Consolidated statements of cash flows

Cash Flows from Operating Activities

Cash Flows from Investing Activities

Cash Flows from Financing Activities

Cash and Cash Equivalent at end

2007 (first half)

2006 (first half)

Millions of Yen

2,638

1,767

Millions of Yen

(688)

(2,285)

Millions of Yen

(1,814)

(366)

Millions of Yen

8,675

9,153

Year ended
Mar. 31, 2007

6,383

(5,557)

(2,599)

8,397

2. Cash dividends

Dividend per share

Interim

Year-end

Full Year

Yen

Year ended
Mar. 31, 2007

Year ending
Mar. 31, 2008

4.00

5.00

-

9.00

Year ending Mar. 31, 2008

(Forecast)

-

5.00

10.00

3. Consolidated Forecast for the fiscal year ending March 2008 (April 1, 2007 - March 31, 2008)

(Figures in % are comparisons with the same period of the previous year.)

Net Sales

Operating Income

Recurring Income

Net Income

Net Income per share

Year ending
Mar. 2008

Millions of Yen	%
43,000	5.1

Millions of Yen	%
4,200	9.9

Millions of Yen	%
3,560	(11.1)

Millions of Yen	%
2,200	6.6

Yen

50.89

4. Others
(1) Changes for important subsidiaries during the first half ended September 31, 2007 : No

(2) Changes on the basis of consolidated financial statements preparation

1. Related to accounting standard revisions etc.	Applicable
2. Other changes	Not applicable

(3) Outstanding shares (Common shares)

1. Number of shares outstanding (including treasury stock)

As of Sep. 30, 2007 : 45,246,212 shares, As of Sep. 30, 2006 :45,246,212 shares, As of Mar. 31, 2007 : 45,246,212 shares

2. Number of treasury stock

As of Sep. 30, 2007 : 2,045,231 shares, As of Sep. 30, 2006 :1,666,697 shares, As of Mar. 31, 2007 : 2,013,934 shares

ref. Summary of Non-consolidated Financial results
1. Non-consolidated results for the first half ended September 30, 2007

(1) Non-consolidated operating results

(Figures in % are comparisons with the same period of the previous year.)

Net Sales

Operating Income

Recurring Income

Net Income

2007 (first half)

2006 (first half)

Millions of Yen	%
17,827	0.4
17,763	17.1

Millions of Yen	%
709	(35.6)
1,102	451.2

Millions of Yen	%
1,077	(25.7)
1,449	173.8

Millions of Yen	%
971	(30.1)
1,389	298.4

Year ended
Mar. 31, 2007

34,916

-

1,681

-

2,176

-

1,951

-

Net Income per
share

2007 (first half)

2006 (first half)

Yen

22.47

31.78

Year ended
Mar. 31, 2007

44.86

(2) Non-consolidated Financial Status

Total Assets

Net Assets

Capital adequacy ratio

Shareholders' equity per share

2007 (first half)

2006 (first half)

Millions of Yen

49,739

52,899

Millions of Yen

36,264

35,510

%

72.9

67.1

Yen

839.45

814.85

Year ended
Mar. 31, 2007

50,460

35,716

70.8

826.16

ref.	Tangible Net Worth : As of Sep. 30, 2007 ; 36,264 Yen-million, As of Sep. 30, 2006 ; 35,510 Yen-million, As of Mar. 31, 2007 ; 35,716 Yen-million

2. Non-consolidated Forecast for the fiscal year ending March 2008 (April 1, 2007 - March 31, 2008)

(Figures in % are comparisons with the same period of the previous year.)

Net Sales

Operating Income

Recurring Income

Net Income

Net Income per share

Year ending
Mar. 2008

Millions of Yen	%
36,000	3.1

Millions of Yen	%
1,780	5.8

Millions of Yen	%
1,800	(17.3)

Millions of Yen	%
1,780	(8.8)

Yen

41.17

*	The forecasts are based on assumptions of the future economic environment using the data available at the time of disclosure. Actual earnings may differ from the forecasts, due to a range of factors.