Summary of Financial Results for FY 2011 2nd Quarter
(From April 1, 2011 to September 30, 2011)

Consolidated Operating Results
Note:The Percentage figures respectively indicate year-on-year changes from the corresponding previous period.

	Net Sales		Operating Income		Ordinary Income		Net Income
April - September 2011	¥ (million 134,071	Change (%) △0.7	¥ (million) 21,283	Change (%) 13.3	¥ (million) 19,792	Change (%) 15.4	¥ (million) 12,235	Change (%) 34.2
April - September 2010	135,018	31.5	18,780	-	17,154	-	9,114	-

	Net income per share	Fully diluted net income per share
April - September 2011	Yen 52.94	Yen 52.86
April - September 2010	39.04	39.00

Consolidated Financial Position

	Total assets	Net assets	Equity ratio
April - September 2011	¥ (million) 299,423	¥ (million) 128,715	% 41.8
March 2011	290,596	118,767	39.5

Projected Consolidated Performance for the Year Ending March 31, 2012
(From April 1, 2011, to March 31, 2012)
Note:The Percentage figures respectively indicate year-on-year changes from the corresponding previous period.

	Net sales		Operating Income		Ordinary Income		Net Income
Full year	¥ (million) 260,000	Change(%) △3.8	¥ (million) 32,000	Change(%) △9.3	¥ (million) 30,000	Change(%) △10.8	¥ (million) 19,000	Change(%) 3.8

Note
The projected performance figures in this report are based on information available to ZEON's management at the time this report was prepared and are subject to potential risks and uncertainty. Accordingly, users should be aware that actual results may differ materially from any expressed future performance herein due to various factors.