Recognition of an Impairment Loss on Investment Securities

「During the consolidated fiscal year, the company recognized an impairment loss of ¥13 million on investment securities.」

「Extraordinary income was ¥76 million, up ¥6 million, or 9.3%, year on year, as a ¥76 million gain on redemption of investment securities was recorded, despite the gain on the sale of shares in an affiliated company falling to ¥0 million from ¥70 million in the same period of the previous year. Although a ¥12 million valuation loss on investment securities was recorded, extraordinary losses decreased from the same period of the previous year because the provision for allowance for doubtful accounts fell to ¥14 million, down ¥51 million, or 78.2%, year on year, and no provision was recorded for business restructuring losses, compared with ¥41 million in the same period of the previous year.」

「Extraordinary income consisted of a gain on the sale of property, plant and equipment of ¥0 million, while extraordinary losses consisted of a ¥12 million valuation loss on investment securities. Both extraordinary income and extraordinary losses decreased from the same period of the previous year.」