Now let’s look at the reasons for the projected year-on-year increase in operating income that takes us from 27.4 billion yen to 70.0 billion yen. We forecast an improvement of sales volume and mixture to boost our operating income by 74.3 billion yen. This gain will include: (1) a loss of 11.5 billion yen in the domestic market due to the impact of the new Legacy accompanied by a drop in the sales volume and the subsidy program ends; (2) a 76.6 billion yen gain in overseas markets that will be fueled by higher sales volumes across the globe; and (3) an estimated gain of 9.2 billion yen related to inventory adjustments. Reduction in cost will generate a gain of 9.4 billion yen, including a gain of 8.4 billion yen at FHI and a gain of 1.0 billion yen (10 million dollars) at SIA. FHI is expected to generate a gain of 22.4 billion yen with losses amounting to 14.0 billion yen due to material price raise. SIA is expected to generate a gain of 7.1 billion yen (76 million dollars) and a loss of 6.1 billion yen (66 million dollars) related to rising material prices and other unfavorable market conditions. We expect to gain 1.0 billion yen from lower SG&A and other expenses. This gain can be broken down into three areas. The first is a reduction in fixed manufacturing costs that will reap gains totaling 7.0 billion yen, including a gain of 7.7 billion yen at FHI and a loss of 0.7 billion yen (7 million dollars) at SIA. FHI’s cuts in fixed processing costs will generate a gain of 2.1 billion yen while reduced expenses for suppliers’ dies will result in a gain of 5.6 billion yen. SIA is forecasted to generate a gain of 1.1 billion yen (12 million dollars) after trimming expenses for suppliers’ dies while increased processing costs are expected to yield a loss of 1.8 billion yen (19 million dollars). The second area encompasses an increase in SG&A expenses projected to yield a total loss of 10.9 billion yen, with a loss of 5.6 billion yen at FHI and a gain of 3.7 billion yen at domestic dealers due to reduced SG&A expenses. SOA will generate a loss of 3.1 billion yen (35 million dollars), including a 2.5 billion yen (26 million dollars) gain from lower advertising costs and a 0.3 billion yen (4 million dollars) gain from reduced SG&A expenses on top of a loss of 5.9 billion yen (65 million dollars) related to sales incentive programs. Sales for FY 2011 are projected to rise in volume along with the expected per unit incentive increase of approximately 50 dollars that will bring last year’s incentive of 1,100 dollars to 1,150 dollars. Our Canadian subsidiary is projected to generate a loss of 2.1 billion yen while other subsidiaries are expected to post a loss of 3.8 billion yen due to cost increases. The third area includes estimated cost reductions related to warranty claims that will bring gains totaling 4.9 billion yen. Among the factors expected to bring profits down are foreign exchange rate fluctuations projected to generate a loss of 35.9 billion yen. This includes a loss of 27.9 billion yen due to an approximate six yen appreciation against the US dollar, a loss of 7.0 billion yen due to an approximate 19 yen appreciation against the euro, and a gain of 0.2 billion yen due to an approximate one yen appreciation against the Canadian dollar. This figure also includes a loss of 1.2 billion yen due to foreign exchange adjustments between FHI and its overseas subsidiaries. We also anticipate a loss of 6.1 billion yen due to an increase in R&D expenses (from 37.2 billion yen to 43.3 billion yen) for developing new models and more environmentally friendly features. These factors as a whole will bring operating income up 42.7 billion yen to total 70.0 billion yen.