We are aiming at net sales of 2,750.0 billion yen, an increase of 8.3% over the previous year.
Regarding profits, we are estimating operating income of 160.0 billion yen, up 5.9%, and net income at 87.0 billion yen, up 13.2%, all over the previous year. Both sales and profits are expected to reach record-high levels.

We plan to invest 220.0 billion yen in plant and equipment, up 3.3%.
Of this, investment in our LCD business is projected at 140.0 billion yen.
In particular, investment in our large-size LCD business is projected to reach 70.0 billion yen as a result of our plans to invest a total of 58.0 billion yen in the Kameyama No. 1 and No. 2 Plants.
For depreciation and amortization, we are projecting 190.0 billion yen, up 8.0% over the previous year, and for R&D expenditures, we plan to allocate 182.0 billion yen, up 3.7% over the previous year.

We are assuming exchange rates of 105 yen to the U.S. dollar and 135 yen to the Euro.