Consolidated financial results for the year ended March 31, 2013 recorded net sales of 2,478.5 billion yen, and an operating loss of 146.2 billion yen, both of which are improved from our previous forecast. Particularly, the sales for the second half improved by approximately 270 billion yen compared to the first half, which contributed to positive result in the second half operating income. On the other hand, net loss was 545.3 billion yen, 95.3 billion yen more than the previous forecast, due mainly to impairment loss for noncurrent assets and additional costs for business restructuring, in response to changes in the business environment, such as the rapid fall of the yen and demand fluctuations.

Considerable improvement in sales for Electronic Components such as LCDs and Solar Cells from the first half, contributed to increasing overall sales in the second half, exceeding our previous forecast.

As for the operating income, all the product groups, with the exception of LCDs, achieved positive results in the second half. Thus, almost of all the product groups saw progress in recovering in the second half.

Business restructuring efforts such as reduction of fixed costs, focused on labor cost, inventory write-down and decreasing depreciation cost by retirement and impairment of noncurrent assets in the second quarter, contributed largely to improving profitability for positive operating income in the second half.

We recorded additional expenses for impairment loss, restructuring charges, settlement package, etc. in the fourth quarter.

We believe that the financial procedures for business restructuring are almost completed.

The equity ratio has decreased to 6.0% at the end of March 2013, down from 9.6% at the end of December 2012.