Operating plan for the first half of this fiscal year has been revised upward. Estimated operating income has been changed from 5.0 billion yen, add 5.0 billion, to 10.0 billion yen while estimated ordinary income was moved up from 1.0 billion yen, add 4.0 billion, to 5.0 billion yen. This is due to the expected effect of the weak yen which was revealed in the results of the first quarter. FHI exchange rate was revised from the initial 115 yen to 120 yen against the U.S. dollar (100 yen to 111 yen against the Canadian dollar, 145 yen to 162 yen against the Euro).
R&D expenses are expected to increase for new models and diesel engines development. Sales mix is assumed to deteriorate in the domestic market.
Ordinary income is projected at 5.0 billion yen, 5.0 billon yen less in operating income, due to the foreign exchange loss and loss on revaluation of derivatives.
Net income is projected at 0, representing no change from the initial forecast at the beginning of the current fiscal year.