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The main reasons behind the upward revision of operating income estimate for the first half of the fiscal year from 1.0 billion yen to 8.0 billion yen are as follows:
Firstly, we anticipate +5.0 billion yen due to the gain on currency exchange. Considering the currently weaker yen, exchange rates were revised from the previously estimated. Compared to the projection at the beginning of this fiscal year, we estimate the US$ gain at +4.3 billion yen a change by 3 yen (from 100 to 103 yen), Euro gain of +0.8 billion yen due to a change by 6 yen (from 155 to 161 yen), and Canadian dollar loss of 0.1 billion yen due a change by 1 yen (from 105 to 104 yen).
Secondly, an improvement of sales mixture is expected to amount to +2.0 billion yen, as judging from favorable overseas shipments (sales mix +2.0 billion yen from FHI).
For these reasons, operating income was revised upward by +7.0 billion yen.