I explained revisions to the financial forecasts for the year under review earlier. This slide provides a summary including previous forecasts and results for the previous fiscal year. Please note the following two points.
First, the progress rate in the first half with regard to the revised forecasts stands at 48% for net sales and 42% for operating income, which represents a steady pace.
Second, FCF has been revised upward by ¥30.0 billion relative to the initial target. The major reason for this was a reduction of ¥20.0 billion in spending following a review of investments and loans. Another reason for the upward revision was an improvement to working capital, mainly in the Business Technologies Business, including a reduction in inventories by strengthening SCM.
First, the progress rate in the first half with regard to the revised forecasts stands at 48% for net sales and 42% for operating income, which represents a steady pace.
Second, FCF has been revised upward by ¥30.0 billion relative to the initial target. The major reason for this was a reduction of ¥20.0 billion in spending following a review of investments and loans. Another reason for the upward revision was an improvement to working capital, mainly in the Business Technologies Business, including a reduction in inventories by strengthening SCM.