Non-operating income and expenses dropped 0.5 billion yen year-on-year.
Major factors for this decrease include the following:
There was a 1.1 billion yen decrease due to the completion of the amortization of negative goodwill during the previous fiscal year, which is an amortization of consolidation account adjustment offsetting the increase in SIA’s shared fixed costs after terminating the joint venture with Isuzu.
Foreign exchange fluctuations had the most significant impact on non-operating income and expenses. Net gain and loss on revaluation of derivatives increased 0.8 billion yen on a year-on-year basis, from -0.1 billion yen to +0.7 billion yen. Net foreign exchange gains and losses showed an increase of 0.6 billion yen in foreign exchange losses on a year-on-year basis due to the difference of the market rate and hedge rate. Overall there was a year-on-year decrease of 2.0 billion yen in foreign exchange losses, from -4.8 billion yen to -4.6 billion yen.

The total foreign exchange loss of 4.6 billion yen accounts for a major portion of the 4.7 billion yen deference between 18.9 billion yen in operating income and 14.2 billion yen in ordinary income.