Fourth quarter revenue was ¥150.9 billion, and excluding the forex impact, this showed a 1% decrease year on year. Operating profit was ¥11.9 billion, and excluding the forex impact, this showed a 5% decrease year on year. Hybrid-type sales were strong. In the countries where we have the most direct sales, in particular, every country achieved an increase in sales year on year. Sales were particularly solid in the US and some other countries. Looking at key points in the improvement of the gross profit ratio for hybrid-type sales in America, we can explain by reference to customers with transactions of $75,000 or more. In the first half, the gross profit ratio there had improved by 4%, and by the end of the fiscal year, that gross profit ratio improvement more than doubled to 9.5%. On the other hand, sales of MFPs were acquired through new customers under Global Major Accounts, and the results were somewhat sluggish for major projects, in particular.
Unit sales of A3 color MFPs in the fourth quarter were at the same level as in the previous year. The effect of new products in the same period of the previous year, as shown on the slides in the appendix, made that a time of significantly expanding sales. Therefore we do not consider there to have been any change in the momentum of sales on a quarterly basis.
In this fiscal year 2017, our plan is to steadily raise profits by taking measures to further increase productivity, while also accelerating the rate of shift to hybrid-type sales, improving non-hardware profitability, and strengthening the product competitiveness of high-speed color equipment.