Foreign Exchange Risk Related to Imported Raw Ore Prices

「Foreign exchange losses 51,629 5,930」

「Foreign exchange gains 88,139 ― Foreign exchange losses ― 51,629」

「Ordinary income was ¥324 million, up 260.1% year on year, partly due to foreign exchange gains arising from the depreciation of the yen,」

「However, the rise in imported crude ore prices caused by the sharp depreciation of the yen and the surge in prices of various raw materials outpaced the Company's ability to pass through costs, resulting in a substantial decline in earnings.」

「However, the rise in imported crude ore prices caused by the sharp depreciation of the yen and the surge in prices of various raw materials outpaced the Company's ability to pass through costs, resulting in a substantial decline in earnings.」

「However, the rise in imported crude ore prices caused by the sharp depreciation of the yen and the surge in prices of various raw materials outpaced the Company's ability to pass through costs, resulting in a substantial decline in earnings.」

「Foreign exchange gains ― 11,869」

「Non-operating income Foreign exchange gains　―　3,311 Non-operating expenses Foreign exchange losses　3,817　―」

「Ordinary income was ¥389 million, up 16.6% year on year, due mainly to the change from a foreign exchange loss of ¥3 million in the previous fiscal year to a foreign exchange gain of ¥1 million in the current fiscal year,」

「Non-operating income included a change from a foreign exchange loss of ¥1 million in the previous consolidated fiscal year to a foreign exchange gain of ¥9 million in the current consolidated fiscal year.」

「Foreign exchange gains　12,340　－　　Foreign exchange losses　－　10,052」

「Foreign exchange losses　6,030　3,817」

「Foreign exchange losses　6,278　3,801」

「Due mainly to the change from a foreign exchange gain of ¥4 million in the previous consolidated fiscal year to a foreign exchange loss of ¥1 million in the current consolidated fiscal year,」

「Foreign exchange gains　12,340　－　　Foreign exchange losses　－　1,682」

「Foreign exchange gains　24,864　－　　Foreign exchange losses　－　6,030」

「Ordinary income was ¥367 million, up 56.4% year on year. Although the foreign exchange gain of ¥15 million in the same period of the previous year changed to a foreign exchange loss of ¥6 million in the first quarter, there was no loss on sales of securities of ¥85 million recorded in the first quarter, among other factors,」

「Against this backdrop, in addition to its existing overseas expansion initiatives, our Group focused on measures to actively capture demand related to reconstruction and other areas, strengthen sales of high-value-added products, and minimize price fluctuations in raw materials affected by foreign exchange rates, and worked to secure net sales and earnings.」

「Against this backdrop, our Group continued to capture demand related to overseas expansion and earthquake reconstruction, while focusing on initiatives to minimize price fluctuations in raw materials affected by foreign exchange rates, and worked to secure net sales and earnings.」

「Against this backdrop, our Group strengthened its overseas expansion initiatives and sales of high-value-added products, while focusing on initiatives to minimize price fluctuations in raw materials affected by foreign exchange rates, and worked to secure net sales and earnings.」

「Non-operating expenses increased by ¥18 million year on year to ¥28 million, due mainly to a ¥13 million increase in foreign exchange losses to ¥14 million compared with the previous consolidated fiscal year.」

「Against this backdrop, our Group continued to capture demand related to overseas expansion and earthquake reconstruction, while focusing on initiatives to minimize price fluctuations in raw materials affected by foreign exchange rates, and worked to secure net sales and earnings.」

「Ordinary income was ¥656 million, up 41.3% year on year, due mainly to the change from a foreign exchange loss of ¥67 million in the previous fiscal year to a foreign exchange gain of ¥3 million in the current fiscal year,」

「Ordinary income was ¥300 million, up 89.4% year on year, due mainly to the change from a foreign exchange loss of ¥54 million in the previous fiscal year to a foreign exchange gain of ¥0 million in the current fiscal year,」

「Ordinary income was ¥1,718 million, up 11.2% year on year. Although dividends received decreased from ¥132 million in the previous fiscal year to ¥110 million, foreign exchange losses decreased from ¥45 million to ¥1 million, among other factors,」

「Against this backdrop, the Group continued to promote its overseas expansion initiatives, efforts to capture demand related to earthquake reconstruction, and the realization of synergies between the Koriyama and Onahama plants. It also focused on minimizing price fluctuations in raw materials affected by foreign exchange rates and worked to secure sales and earnings. Ordinary income was ¥1,163 million, up 9.4% year on year, due mainly to a decrease in dividends received from ¥96 million in the previous fiscal year to ¥77 million and an increase in foreign exchange gains from ¥0 million to ¥17 million,」

「Ordinary income was ¥465 million, down 15.6% year on year, due mainly to the increase in foreign exchange losses from ¥1 million in the same period of the previous year to ¥67 million,」

「Ordinary income was ¥158 million, down 47.2% year on year, due mainly to the change from a foreign exchange gain of ¥16 million in the same period of the previous year to a foreign exchange loss of ¥54 million,」

「Due mainly to the change from a foreign exchange gain of ¥129 million in the previous fiscal year to a foreign exchange loss of ¥45 million in the current fiscal year, the figure was ¥1,545 million, down 4.8% year on year,」