The balance sheet shows total assets amounting to 1,395.1 billion yen as of September 30, 2012. Total assets increased 42.6 billion yen year on year due to a jump in net income resulting from better sales volumes as well as the consolidation of overseas sales subsidiaries despite the negative impact of the strong yen which generated a loss of 18.1 billion yen. Interest-bearing debt declined 10.9 billion yen to reach 330.1 billion yen. This drop is due to the redemption of corporate bonds amounting to 20.0 billion yen despite the issuing of a 10.0 billion yen bond in June. We will continue to work on reducing interest-bearing debt in light of market conditions. Net assets totaled 478.7 billion yen, up 27.1 billion yen, due primarily to a 36.9 billion yen increase in retained earnings. The shareholders’ equity to total assets ratio rose 0.9 percentage points from what it was at the end of the previous fiscal year to reach 34.2%. The debt-to-equity ratio climbed 0.07 points to reach 0.69, due primarily to an increase in accumulated earnings as well as a decrease in interest-bearing debt.