Our consolidated operating plan forecasts increased sales but decreased income for the first half of the fiscal year.
Net sales from overseas subsidiaries in the United States and Others will decrease due to improving sales volume & mixture on a non-consolidated basis offset by the yen’s assumed appreciation by ¥20 against the US dollar.
Operating income, which will be explained in detail later, will decrease by 17.9 billion yen to 1.0 billion yen due to the yen’s anticipated appreciation by ¥20 against the US dollar, increased expenses such as fixed costs stemming from new models to be released, and soaring raw material prices, although we forecast improvement in sales volume & mixture that will stem from full-scaled releases of new car models in the first half.
Ordinary income will decrease by 13.7 billion yen to 0.5 billion yen.
We forecast a decrease of 7.8 billion yen in net income, to zero.