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Our consolidated operating plan for the FYE March 2010 forecasts year-on-year decreases in both sales and income.

Net sales will decrease by 125.8 billion yen to total 1.32 trillion yen. Factors for this decrease include a foreign exchange loss of 73.7 billion yen due to the appreciation of the yen, a loss of 74.9 billion yen due to the deteriorating sales volume and mix, and a gain of 22.8 billion yen due to increased sales at our three internal companies.

We expect a year-on-year decrease of 29.2 billion yen in operating income, resulting in an operating loss of 35.0 billion yen. Although we plan to work on reducing costs such as cost of materials, SG&A and overhead, etc. in order to offset the deteriorating sales volume and mix as well as foreign exchange losses due to the strong yen, we project a loss due to the tough market conditions expected during first fiscal half. This will be explained in further detail later on.

Ordinary income is forecasted to decline by 35.4 billion yen to ordinary loss 40.0 billion yen.

Net loss will be reduced by 14.9 billion yen to 55.0 billion yen since there will be no provision of valuation allowance of of deferred tax assets as was posted in the previous fiscal year.