In fiscal year 2013, R&D expenses were ¥71.2 billion, about the same as they were the previous three years. However, between fiscal years 2014 and 2016, we will be increasing average annual development investment to ¥80 billion. In the Business Technologies Business, we will particularly strengthen cloud and mobile technologies. Throughout society, offices are adopting more and more information devices, creating concern that there will be less paper output. However, we believe that business opportunities will expand as the amount of information available grows so quickly. That is why we are speeding up development of hybrid service solutions that will serve both paper and electronic data. In addition to this, the Business Technologies Business is stepping up development of a new engine and industrial inkjets. In the Healthcare Business, we are putting our effort into energy conservation and high-sensitivity detection. These are some of Konica Minoltafs strengths. Our Industrial Business will be working to develop new functional films to replace TAC film. We will also strive to develop industrial and professional B2B applications with optical components. Finally, as we look forward to fiscal year 2018, we will be investing in development of integrated sensor/image processing systems and in new business areas that are not overly concerned with paper output.
