Geographical Segments Geographical segment information of the Company and its consolidated subsidiaries for the years ended December 31, 2008 and 2007 were summarized as follows: Millions of yen Year ended December 31, 2008 Japan Other countries Eliminations or corporate Consolidated Sales: Sales to third parties ... \152,869 \ 9,745 \ . \162,615 Intersegment sales ..... 1,849 3,937 (5,787) . Net sales ........................ 154,719 13,683 (5,787) 162,615 Operating costs and expenses ............... 142,565 14,063 (5,681) 150,947 Operating income (loss) ... \ 12,153 \ (379) \ (105) \ 11,668 Total assets .................... \168,434 \ 7,814 \(3,784) \172,464 Thousands of U.S. dollars Year ended December 31, 2008 Japan Other countries Eliminations or corporate Consolidated Sales: Sales to third parties ... $1,679,331 $107,063 $ . $1,786,395 Intersegment sales ..... 20,320 43,257 (63,577) . Net sales ........................ 1,699,652 150,320 (63,577) 1,786,395 Operating costs and expenses ............... 1,566,141 154,491 (62,417) 1,658,215 Operating income (loss) ... $ 133,510 $ (4,170) $ (1,160) $ 128,179 Total assets .................... $1,850,323 $ 85,843 $(41,579) $1,894,587 Millions of yen Year ended December 31, 2007 Japan Other countries Eliminations or corporate Consolidated Sales: Sales to third parties ... \150,211 \12,518 \ . \162,729 Intersegment sales ..... 2,050 4,507 (6,557) . Net sales ........................ 152,262 17,025 (6,557) 162,729 Operating costs and expenses ............... 139,496 17,070 (6,556) 150,010 Operating income (loss) ... \ 12,765 \ (45) \ 0 \ 12,719 Total assets .................... \175,707 \10,332 \(3,358) \182,681 Overseas Sales Overseas sales, which include export sales of the Company and its domestic consolidated subsidiaries and sales (other than exports to Japan) of its foreign consolidated subsidiaries, for the years ended December 31, 2008 and 2007 were summarized as follows: Millions of yen Year ended December 31, 2008 Asia North America Europe Other Total Overseas sales ........................ \14,729 \2,570 \2,252 \679 \ 20,231 Consolidated net sales ........... 162,615 Percentage of overseas sales to consolidated net sales ...... 9.0% 1.6% 1.4% 0.4% 12.4% Thousands of U.S. dollars Year ended December 31, 2008 Asia North America Europe Other Total Overseas sales ........................ $161,805 $28,243 $24,741 $7,460 $ 222,251 Consolidated net sales ........... 1,786,395 Percentage of overseas sales to consolidated net sales ...... 9.0% 1.6% 1.4% 0.4% 12.4% Millions of yen Year ended December 31, 2007 Asia North America Europe Other Total Overseas sales ........................ \18,394 \3,225 \2,336 \575 \ 24,532 Consolidated net sales ........... 162,729 Percentage of overseas sales to consolidated net sales ...... 11.3% 2.0% 1.4% 0.4% 15.1% 19. Amounts Per Share The following table sets forth net income, cash dividends and net assets per share of common stock for the years ended December 31, 2008 and 2007: Yen U.S. dollars Year ended December 31, 2008 2007 2008 Net income: Basic ....................................... \ 7.27 \ 24.52 $0.08 Cash dividends ............................ 8.00 8.00 0.09 Net assets ................................... 380.98 403.51 4.19 Cash dividends per share represent the cash dividends proposed by the Board of Directors as applicable to the respective years together with the interim cash dividends paid. 20. Subsequent Event Cash dividends The following appropriation of retained earnings of the Company, which has not been reflected in the accompanying consolidated financial statements for the year ended December 31, 2008, was approved at a shareholders’ meeting held on March 27, 2009: Millions of yen Thousands of U.S. dollars Cash dividends . \4.00 (U.S.$0.044) per share ... \1,042 $11,449 Purchase of Treasury Stock At the meeting of the Board of Directors held on February 5, 2009, it was resolved to purchase up to 10,000,000 shares of the Company’s common stock with an aggregate amount of \2,000 million (U.S.$21,970 thousand) in the period from February 6, 2009 to December 18, 2009. Toagosei Co., Ltd. 39