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Net non-operating income and expenses increased 1.9 billion yen on a year-on-year basis.
We gained 1.5 billion yen on equity in earnings of affiliates like our Chinese subsidiaries, etc.
Financial revenue and expenditure fell 0.1 billion yen below the previous year’s balance.
Foreign exchange fluctuations had a significant impact on non-operating income and expenses mainly in the following two areas of 0.2 billion yen : (1) gains and losses on revaluation of derivatives, and (2) foreign exchange gains and losses, resulting in a gain.
Net gains and losses on valuation of derivatives were down 0.8 billion yen year on year from 4.1 billion yen to 3.4 billion yen.
Net foreign exchange gains increased 1.0 billion yen year on year. This figure includes a year-on-year increase of 0.3 billion yen due to the difference between market and hedge rates as well as a year-on-year increase of 0.7 billion yen due to the foreign exchange adjustments between FHI and overseas subsidiaries.
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