Exchange Rate Movements

「During the first six months of the current fiscal year, Japan's economy showed signs of normalizing social and economic activity as restrictions related to COVID-19 were eased. However, the outlook for the Japanese economy remained uncertain due to the prolonged Russia-Ukraine situation, soaring global resource prices and rising prices resulting from the weaker yen, among other factors.」

「During the first quarter of the current fiscal year, Japan's economy showed signs of normalizing social and economic activity as restrictions related to COVID-19 were eased. However, the outlook for the Japanese economy remained uncertain due to the prolonged Russia-Ukraine situation, soaring global resource prices and rising prices resulting from the weaker yen, among other factors.」

「During the first nine months of the current fiscal year, Japan's economy continued to face an uncertain outlook. Although efforts to balance COVID-19 infection control with economic activity progressed, resource and raw material prices rose due to the prolonged situation in Ukraine, supply constraints continued in China due to its zero-COVID policy, and rapid foreign exchange fluctuations also occurred.」

「During the first quarter of the current fiscal year, Japan's economy continued to face an uncertain outlook. Although efforts to balance COVID-19 infection control with economic activity progressed, concerns remained over the impact of lockdowns that continued in major Chinese cities, including Shanghai, and the situation in Ukraine. In addition to soaring resource prices and supply constraints, the rapid depreciation of the yen also contributed to the uncertainty.」

「To mitigate these risks arising from foreign exchange fluctuations, the Company seeks to mitigate and avoid them as far as possible through forward foreign exchange contracts and other measures. However, it is impossible to eliminate all risk arising from foreign exchange fluctuations.」

「Total net assets increased by ¥5,634 million from the end of the previous consolidated fiscal year to ¥75,108 million. The main increases were a ¥5,764 million increase in retained earnings and a ¥1,829 million increase in the foreign currency translation adjustment account, while the main decrease was a ¥1,990 million increase in treasury shares.」

「The main increases were a ¥3,001 million increase in retained earnings and a ¥1,705 million increase in the foreign currency translation adjustment account, while the main decrease was a ¥1,990 million increase in treasury shares.」

「The main increases were a ¥1,521 million increase in the foreign currency translation adjustment account and a ¥597 million increase in retained earnings, while the main decrease was a ¥1,770 million increase in treasury shares.」

「The main increases were a ¥5,709 million increase in retained earnings and a ¥389 million increase in valuation difference on available-for-sale securities, while the main decreases were a ¥375 million decrease in the foreign currency translation adjustment account and a ¥200 million increase in treasury shares.」

「Total net assets increased by ¥2,840 million from the end of the previous consolidated fiscal year to ¥66,728 million. The main increases were a ¥3,497 million increase in retained earnings and a ¥275 million increase in valuation difference on available-for-sale securities, while the main decreases were a ¥736 million decrease in the foreign currency translation adjustment account and a ¥199 million increase in treasury shares.」

「Total net assets increased by ¥1,087 million from the end of the previous consolidated fiscal year to ¥64,975 million. The main increase was a ¥1,501 million increase in retained earnings, while the main decrease was a ¥422 million decrease in the foreign currency translation adjustment account.」

「Total net assets decreased by ¥526 million from the end of the previous consolidated fiscal year to ¥63,361 million. The main increase was a ¥239 million increase in retained earnings, while the main decrease was an ¥809 million decrease in the foreign currency translation adjustment account.」

「Total net assets increased by ¥865 million from the end of the previous consolidated fiscal year to ¥62,008 million. The main increase was a ¥2,513 million increase in retained earnings, while the main decreases were a ¥911 million decrease in the foreign currency translation adjustment account and an ¥823 million increase in treasury shares.」

「Total net assets increased by ¥371 million from the end of the previous consolidated fiscal year to ¥61,514 million. The main increase was a ¥1,095 million increase in retained earnings, while the main decrease was a ¥715 million decrease in the foreign currency translation adjustment account.」

「Total net assets increased by ¥2,511 million from the end of the previous consolidated fiscal year to ¥60,737 million. The main increase was a ¥3,119 million increase in retained earnings, while the main decreases were a ¥308 million decrease in valuation difference on available-for-sale securities and a ¥302 million decrease in the foreign currency translation adjustment account.」

「Total net assets increased by ¥199 million from the end of the previous consolidated fiscal year to ¥58,425 million. The main increase was a ¥1,407 million increase in retained earnings, while the main decrease was a ¥1,191 million decrease in the foreign currency translation adjustment account.」

「Total net assets decreased by ¥1,170 million from the end of the previous consolidated fiscal year to ¥57,055 million. The main increase was a ¥120 million increase in retained earnings, while the main decrease was a ¥1,214 million decrease in the foreign currency translation adjustment account.」

「To mitigate these risks arising from foreign exchange fluctuations, the Company seeks to mitigate and avoid them as far as possible through forward foreign exchange contracts and other measures. However, it is impossible to eliminate all risk arising from foreign exchange fluctuations.」

「The main decreases were ¥4,325 million in the foreign currency translation adjustment account and ¥497 million due to the acquisition of treasury shares.」

「Against this backdrop, the Group focused on thorough cost reductions, the development and proposal of high-value-added products, and sales expansion, with the aim of further improving profitability, but was affected by production adjustments for smartphones and the appreciation of the yen.」

「The outlook for the economy remained uncertain due to the impact of production disruptions at automotive and electronic component manufacturers caused by the Kumamoto Earthquake in April, as well as sharp foreign exchange fluctuations overseas following the slowdown in emerging-market economies, including China, and the decision for the United Kingdom to leave the EU.」

「To mitigate the risk of foreign exchange fluctuations, the Company seeks to mitigate and avoid such risk as far as possible through forward foreign exchange contracts and other measures. However, it is impossible to eliminate all risk arising from foreign exchange fluctuations.」