The balance sheet showed an increase of 65.9 billion yen in total assets over the previous fiscal year, for a total of 1,231.4 billion yen. Current assets rose by 52.9 billion yen for a 90.5 billion yen increase in cash and deposits. This was accompanied by an improvement in working capital as a result of the inventory adjustment  while buoyant sales in North America drove inventory assets down 62.7 billion yen. 
Noncurrent assets were up 13.1 billion yen due to an improvement on the valuation of investment securities as of the end of the fiscal year.
Interest-bearing debts decreased by 14.1 billion yen to reach 367.6 billion yen. This decrease comes as a result of rolling over short-term loans into long-term loans without issuing commercial papers. We plan to further reduce interest-bearing debts by approximately 50.0 billion yen to bring the total down to 320.0 billion yen. The debt-to-equity ratio was 0.97.
Under net assets we see that retained earnings decreased by 16.4 billion yen to 110.2 billion yen.
Overall we were able to maintain a healthy balance sheet with a shareholders’ equity to total assets ratio of 30.9%.