For the first quarter of the fiscal year ending March 31, 2013, net sales were 68,621 million yen, an increase by 5.9% from the same period last year and an increase by 10.3% from the previous quarter. Despite of yen appreciation and increased minimum wages in Thailand, operating income continued to rebound from supply chain disruptions by the Tohoku Earthquake and the Thai Floods, at 3,693 million yen which was an increase by 60.4% from the same period last year and 2.2 times that of the previous quarter.
We estimate currency impacts on net sales of approximately negative 2.2 billion yen due to the stronger Japanese yen, especially against euro, compared to the same period of the last fiscal year, and approximately positive 1.4 billion yen from the previous quarter. Regarding currency impacts on operating income, we estimate impacts of approximately negative 0.2 billion yen compared to the same period of the last fiscal year, and approximately negative 0.1 billion yen from the previous quarter.
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