The projection for this fiscal year ending March 2008 remains the same as forecasted at the beginning of the year.
While operating income and ordinary income have been revised upward for the first half due to the expected exchange gains as a result of the weaker yen against foreign currencies, the sales outlook remains uncertain. The positive effect from the launch of new cars such as the Impreza in the U.S. market will not take off until the second half. New models will not be launched until the fall in other overseas markets.
In the domestic market, while sales of the Impreza continue to be robust, the product mix for other models, especially passenger cars, is deteriorating.
Given this backdrop, we are not making any changes to the projection for this fiscal year at this time.
The FHI exchange rate is 120 yen for the first half, 115 yen for the second half and 118 for the entire fiscal year against the U.S. dollar.