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Net non-operating income and expenses increased 0.8 billion yen year on year. Financial revenue and expenditures remained at the same level as last year while foreign exchange-related losses grew by 1.2 billion yen.
Foreign exchange fluctuations had a significant impact on non-operating income and expenses mainly in the following two areas: (1) gains and losses on revaluation of derivatives, and (2) foreign exchange gains and losses.
Net gain on valuation of derivatives was up 7.2 billion yen year on year, rising from 1.7 billion yen to 8.9 billion yen.
Net foreign exchange losses increased 5.9 billion yen year on year to reach 6.6 billion yen. This figure includes a year-on-year increase of 6.3 billion yen due to the difference between market and hedge rates despite a year-on-year decrease of 0.3 billion yen due to the foreign exchange variance at overseas subsidiaries.