The balance sheet shows total assets amounting to 1,353.8 billion yen as of June 30, 2012. Total assets increased 1.2 billion yen year on year due to the consolidation of overseas sales subsidiaries despite the negative impact of the strong yen which generated a loss of 10.9 billion yen. Interest-bearing debts declined 2.9 billion yen to reach 338.1 billion yen. This drop is due to the redemption of corporate bonds amounting to 20.0 billion yen this past May despite a 10 billion yen bond issue in June. We plan to bring debt down to 330.0 billion yen by the end of the fiscal year ending March 2013. Net assets totaled 457.3 billion yen, up 5.7 billion yen, due primarily to a 12.8 billion yen increase in retained earnings. The shareholders' equity to total assets ratio was up 0.4 percentage points from the end of the previous fiscal year to reach 33.7% while the debt-to-equity ratio was down 0.02 points to reach 0.74, due primarily to an increase in accumulated earnings.