Looking at our consolidated results, we see that net sales declined 63.5 billion yen year on year to total 1,517.1 billion yen. Major factors for this decrease include a foreign exchange loss of 71.5 billion yen due to the strong yen despite a gain of 2.8 billion yen from increased domestic sales volumes that improved the sales mix variance as well as revenue increases at three internal companies totaling 5.2 billion yen. Operating income, totaling 44.0 billion yen, dropped 40.2 billion yen year on year. Despite a boost from lower SG&A expenses and a better sales mix variance, operating income fell due to foreign exchange losses, increased R&D expenses, and soaring material prices. These factors will be looked at in greater detail later on. Ordinary income declined 44.9 billion yen to 37.3 billion yen due to a loss on forward exchange contracts and a lower gain on equity method investments. Income before income taxes and minority interests dropped 10.3 billion yen to total 52.9 billion yen. This was due to a decrease in ordinary income, an extraordinary loss due to the multiple disasters of March 11 as well as a loss associated with the transfer of some of Eco Technologies' operations despite an extraordinary gain from the sale of the Subaru Building, which was posted during the first quarter. This drop in income before income taxes and minority interests brought net income down 11.9 billion yen to 38.5 billion yen.