Net of non-operating income and expenses fell 400 million yen year-on-year.

The greatest contributing factors are the FOREX effects and financial revenue and expenditures, for which increase of interest bearing debt on year-on-year basis led to a 1 billion yen decline in profits.  

The impact of the FOREX effects was so significant and divided into 1. gain and loss on valuation of derivatives and 2. FOREX gains and losses. 1. 6.1 billion yen of the loss on valuation of derivatives in the 1st quarter of the previous fiscal year increased 8.6 billion yen to 2.5 billion yen gain on valuation of derivatives in the same period of this fiscal year. However, 2. FOREX gains and losses dropped 6.1 billion yen over the same period of last fiscal year from the difference of the market and hedge rate (98/95), and a currency exchange adjustment of 2 billion yen between the FHI and  overseas subsidiaries resulted in an 8 billion yen loss.