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Net non-operating income and expenses increased 1.3 billion yen on a year-on-year basis
while financial revenue and expenditures rose 0.7 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 gains on valuation of derivatives were up 2.3 billion yen year on year, bringing the net gain total from 3.4 billion yen to 5.7 billion yen.
Net foreign exchange losses decreased 0.6 billion yen year on year to reach 1.3 billion yen. This figure includes a year-on-year increase of 0.9 billion yen due to the difference between market and hedge rates despite a year-on-year decrease of 0.4 billion yen due to the foreign exchange variance at overseas subsidiaries. |
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