We made an upward revision to the full-year forecast for the fiscal year ending March 31, 2022, which we announced in May. This latest revision, which was made only to the forecast for the first half, was prompted by higher-than-projected first quarter results and the expectation that demand for ball bearings, motors, analog semiconductors, etc. will continue in the second quarter.
We have revised the forecast for net sales from 1 trillion yen to 1.05 trillion yen, for operating income from 80 billion yen to 87 billion yen respectively.
The exchange rate is assumed to be 110 yen to the U.S. dollar for the second quarter.
We have not changed the assumptions for the second half.
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