Going on now, I will give a brief explanation of our financial position.
First, our inventory level shows a total inventory value that has increased year on year, while the number of inventory months is lower year on year. The figure at the end of March is also recorded since this is the accepted practice, but it is a seasonal characteristic of Konica Minolta inventory that the figure at the end of December, when stocking up for 4Q, is higher than at the end of March, when the period of maximum demand ends.
First, our inventory level shows a total inventory value that has increased year on year, while the number of inventory months is lower year on year. The figure at the end of March is also recorded since this is the accepted practice, but it is a seasonal characteristic of Konica Minolta inventory that the figure at the end of December, when stocking up for 4Q, is higher than at the end of March, when the period of maximum demand ends.