Net sales for the first quarter of the fiscal year ending March 2012 fell 69.9 billion yen, or 18.9%, year on year to total 300.4 billion yen. This decline includes a loss of 53.2 billion yen due to a poor sales mix variance and a foreign exchange loss of 18.0 billion yen due to the strong yen. These losses were unfortunately not offset by the revenue increases at our three internal companies which generated an overall gain of 1.3 billion yen. Operating income, totaling 10.7 billion yen, dropped 12.0 billion yen, or 52.9%, year on year. Despite a boost from lower SG&A expenses, operating income fell due to an unfavorable sales mix variance, foreign exchange losses, increased R&D expenses, and hikes in material prices. This will be looked at in further detail later on. Ordinary income also declined with a drop of 12.5 billion yen, or 51.7%, leaving a total of 11.7 billion yen. This will also be looked at in further detail later on. Earnings before income taxes and minority interests rose 7.8 billion yen, or 31.6%, to reach 32.3 billion yen. This was due to an extraordinary gain from the sale of the Subaru Building which offset the extraordinary loss associated with the recent earthquake. Net income totaled 28.5 billion yen, a year-on-year increase of 9.3billion yen, or 48.7%, owing to increased earnings before income taxes and minority interests as well as the newly introduced consolidated tax system.