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Net non-operating income and expenses fell 0.6 billion yen on a year-on-year basis while financial revenue and expenditures rose 0.4 billion yen.
Foreign exchange fluctuations had a significant impact on non-operating income and expenses mainly in the following two areas: (1) gains and losses on revaluation of derivatives, and (2) foreign exchange gains and losses.
Net gains and losses on valuation of derivatives were down 3.7 billion yen year on year, falling from 5.4 billion yen to 1.7 billion yen.
Net foreign exchange gains increased 3.3 billion yen year on year. This figure includes a year-on-year increase of 2.5 billion yen due to the difference between market and hedge rates [market rate: 82 yen / hedge rate: 82 yen ] as well as a year-on-year increase of 0.8 billion yen due to the foreign exchange variance at overseas subsidiaries. |
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