Net non-operating income and expenses fell 0.4 billion yen on a year-on-year basis while financial revenue and expenditures rose 0.8 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 gain on valuation of derivatives was down 2.6 billion yen year on year, falling from 4.0 billion yen to 1.5 billion yen. Looking at foreign exchange gains and losses, we saw a gain of 4.4 billion yen due to the difference between market and hedge rates despite a 0.9 billion yen year-on-year increase in foreign exchange losses posted at overseas subsidiaries. These factors combined generated a gain of 3.5 billion yen, resulting in a net foreign exchange gain of 1.0 billion yen.