We forecast year on year increases in both sales and profits for FY 2011.
Net sales will increase 2.9%, or 41.3 billion yen, to total 1,470.0 billion yen. The ratio of overseas sales to total sales is expected to top 70 % at over one trillion yen for the first time ever.
Operating income is expected to climb 57.2 % year on year with a 15.6 billion yen increase that will bring the total to 43.0 billion yen. The increased sales volume in the first half of the year on top of ongoing efforts to cut costs will boost growth despite the projected appreciation of the yen and rise in R&D expenses (further details to be  followed). 
Ordinary income is forecasted to rise by 15.6 billion yen over last year to reach 38.0 billion yen, even with the adverse impact of financial revenue and expenditures.
Income before taxes will total 31.0 billion yen, including extraordinary losses such as  sales and retirement of noncurrent assets amounting to 3.0 billion yen. After a tax outlay of 8.0 billion yen at our subsidiaries, net income will total 23.0 billion yen. Net income is expected to jump 39.5 billion yen on a year-on-year basis as we return to the black for the first time in two years.