Summary of results
@If we look at the international picture, in the 67th term, economic conditions were generally robust, as although economic growth decelerated in China and other emerging nations, economy of the U.S. recovered and economic conditions in Europe also picked up. Japan also managed to recover business confidence, as although the economic recovery in the country slowed down after the recent increase of consumption tax, export industry managed to get back on its feet thanks to the strong American demand. In this environment, demand in the auto market was sluggish in Japan but quite strong in the U.S. and China. The Group also achieved an increase in net sales in the auto market compared with the previous term.
@As of March 31, 2015 (68th term), Advanex transferred all holding shares of Daiichi Kasei Holdings Co., Ltd. (amounting to 51% of all shares) to Abico Group, an industrial group in Taiwan, which is why as our plastic business will no longer be included in the scope of consolidation translating into a corresponding decrease in the Group's results. Assuming the exchange rate at 120 yen to the U.S. dollar, we expect net sales of 19,800 million yen, a 32.9% decrease compared with the previous term, operating profit of 880 million yen (a 18.6% decrease compared with the previous term), ordinary profit of 860 million yen (13.4% decrease year-on-year), and current term net profit of 550 million yen (2.8% increase year-on-year).