Discontinuation of Sales of the Music Player “Kiwi Player” and Loss on Disposal of Inventories

「Net profit attributable to owners of the parent decreased further from the same quarter of the previous year due to the recognition of a loss on disposal of inventories associated with the discontinuation of sales of the “Kiwi Player” music player, which had been expected to launch as a new product, higher impairment losses on investment securities, the disappearance of gains on sales of investment securities recorded in the same quarter of the previous year, a higher corporate tax burden ratio and other factors.」

「Although the company recorded a loss on disposal of inventories associated with the discontinuation of sales of the Kiwi Player music player, which had been expected to be launched as a new product, net income attributable to owners of the parent increased significantly year on year, partly due to a decrease in the effective tax rate.」