Looking at consolidated business results for the fiscal year ended March 31, 2012, net sales decreased by 6.6% to 251,358 million yen on a year-on-year basis. Operating income fell 61.2% to 8,599 million yen. Net income also decreased by 52.5% to 5,922 million yen. These decreases were due mainly to the March 11 earthquake, higher rare-earth material prices, the stronger yen, and the flooding in Thailand, despite our efforts to enter new markets and cut costs.