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Sanix Announces Consolidated Financial Statements for the Fiscal Year Ended March 31, 2006.

Fukuoka, Japan, May 17, 2006 - (JCN Newswire) - Sanix Corporation (TSE: 4651), a comprehensive sanitation systems developer and supplier, announced financial results for the year ended March 31, 2006.

Consolidated Financial Highlights for the Year ended March 31, 2006

(April 1, 2005 to March 31, 2006)
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(1) Consolidated Operating Results

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 (millions of yen)
 Full Year Ended Full Year Ended YoY Change
 March 31, 2006 March 31, 2005 Percent
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Net Sales 36,509 44,083 (17.2)
Operating Income (3,382) 44
Income Before Taxes (3,479) 73
Net Income (4,252) (10,010)

EPS (basic)(yen) (107.16) (252.06)
EPS (diluted)(yen) - -
ROE (%) (22.6) (38.2)

Income before taxes/
 total assets (8.6%) 0.1
Income before taxes/
 total sales (9.5%) 0.2

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Note (1) Investment profit and loss on equity method:
Yen - million (Fiscal Year ended March 31, 2005)
Yen - million (Fiscal Year ended March 31, 2006)
Note (2) Average number of shares issued and outstanding
during the fiscal term:
Fiscal Year ended March 31, 2005 39,715,715 shares
Fiscal Year ended March 31, 2006 39,749,110 shares
Note (3) Changes in accounting method: None
Note (4) Percentages shown for net sales, operating income,
income before taxes and net income are the increase and decrease
compared with the previous fiscal year ended March 31, 2005.

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(2) Consolidated Financial Position for the Year Ended March 31, 2006

----------------------------------------------------------------------
 (millions of yen)
 Full Year Ended Full Year Ended
 March 31, 2006 March 31, 2005
----------------------------------------------------------------------

Total Assets 37,718 43,664
Total Sh'holders Equity 16,657 20,998
Sh'holders Equity Ratio(%) 44.2 48.1
Shareholders EPS (yen) 416.08 528.73

Note (1) Number of shares issued and outstanding at period end:
Fiscal Year ended March 31, 2005 39,714,878 shares
Fiscal Year ended March 31, 2006 40,017,513 shares

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(3) Consolidated Financial Cash Flows

----------------------------------------------------------------------
 (millions of yen)
 Full Year Ended Full Year Ended
 March 31, 2006 March 31, 2005
----------------------------------------------------------------------

Net Cash from
 Operating Activities (1,776) 2,060
Net Cash from
 Investing Activities 1,598 163
Net Cash from
 Financing Activities (1,382) (743)
Cash and Cash Equivalents
 at End of Period 1,398 2,959

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(4) Matters Pertaining to Consolidation and Concerning the Adoption of
Equity Method Accounting
Number of consolidated subsidiaries: 6
Number of non-consolidation subsidiary, which adopted equity method: 0
Number of affiliated company, which adopted equity method: 0

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(5) Change in Consolidation and the Adoption of Equity Method
Number of newly consolidated company: 0
Number of company excluded from consolidation: 0
Number of new company, which adopted equity method: 0
Number of company excluded from equity method: 0

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Forecasts for Consolidated Fiscal Year Ending March 31, 2007

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 (millions of yen)
 Half Year Ended Full Year Ended
 Sept. 30, 2006 March 31, 2007
----------------------------------------------------------------------

Net Sales 19,820 39,000
Recurring Profit 185 900
Net Income 80 700
Net Income per Share (yen) - 17.49

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Note: Forecasts above are based on assumptions, prospects and plans as of the date of this document. Actual results may differ significantly from these forecasts, due to various factors affecting the Company's business performance, such as change in economical conditions.

About Sanix Incorporated

Sanix (TSE: 4651) is Japan's leading provider of sanitation and environmental services. The company's business is divided into three areas; Home Sanitation, and Establishment Sanitation, which provides pest control and sanitation maintenance and protection services for offices and public facilities. The Environmental Resources Development Division provides industrial waste management solutions and recycling services. This division positions Sanix as a leading provider of environmental services to society, which is becoming increasingly concerned about the health of the environment. Sanix's long experience in industrial waste management means the company is poised to take the lead in this new field.

Source: Sanix Incorporated

Contact:
Kozo Inoue
Managing Director
SANIX INCORPORATED
URL: http://www.sanix.co.jp/index_e.htm


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Publication:JCN Newswires
Date:May 17, 2006
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