Hello, everyone. I am Eiji Kawamura, Managing Director and Head of Administration
Headquarters of Kaga Electronics Co., Ltd. We sincerely thank you for your participationin the briefing of our first half financial results. I would like to explain the outline of our
financial results for the first half.

First of all, I’ll introduce a summary of the first half results. Although sales of PCs grew
due to the expansion of teleworking amid the COVID‐19 outbreak, net sales declined asa result of a significant impact from changes in commercial rights and commercial
distribution with major business partners. Both operating income and ordinary income
declined despite efforts to reduce SG&A expenses in line with the decline in sales. Net
income increased due to a gain on bargain purchase following M&A.
Next is an overview of the main segments. In Electronic Components, the components
sales business benefited from the effect of Excel’s consolidation in April 2020, but thetermination of FEI sales agency agreement with Cypress Semiconductor and otherfactors pushed sales down sharply. The EMS Business maintained steady performance inthe medical equipment area, but sales fell for the automotive and air conditioning
devices due to the impact of the partial suspension of operations at overseas plants
during the lockdowns.
In the Information Equipment Segment, sales rose in the PC Sales Business due to anincrease in remote work and online classes. On the other hand, sales in the Home
Electric Appliances Business continued to post lower sales.
For the fiscal year ending March 2021, there are signs of a gradual recovery from thepandemic in some manufacturing industries. Moreover, the earnings results in the firsthalf surpassed our internal plans. Given these factors, we have raised our forecasts fornet sales, operating income, and ordinary income upward from the previous forecasts,
which were released on August 6. There was no change in the forecast of profit
attributable to owners of parent due to uncertainty in the second half.
Regarding shareholder return, we will pay an interim dividend of JPY30 per share as we
initially announced. The year‐end dividend will remain unchanged from the initial
forecast of JPY30 per share.

We will move on to the highlights of our business performance. Net sales amounted to
JPY188,859 million, a decrease of 18.1% YoY. Our initial net sales forecast for the fullyear was JPY400 billion, so the progress rate is 47.2%. Operating income was JPY4,434
million, a YoY decrease of 15.4%. Against the full‐year forecast of JPY5 billion, the rate ofprogress is 88.7%.
Ordinary income was JPY4,338 million, a YoY decrease of 21.8%. Against the full‐year
forecast of JPY4.5 billion, the progress rate is 96.4%. Profit attributable to owners ofparent was JPY10,772 million, up approximately three‐fold, or 207.3%, YoY. We achieved
the initial forecast for the full fiscal year of JPY10 billion. EPS was JPY392.30.

Next, I will explain the business results by segment for the first half. Electronic
Component showed net sales of JPY156,887 million, down 21.5% YoY. Segment income
amounted to JPY3,083 million, down 27.3% YoY. Sales of information equipment rose
16.1% YoY to JPY23,192 million. Segment income was JPY1,160 million, up 87.8% YoY.
In the Software Segment, sales were JPY1,274 million, down 4.3% YoY. Segment income
amounted to JPY86 million, up 84.0% YoY. Net sales in Others decreased 21.1% YoY to
JPY7,505 million. Segment income was JPY36 million, down 86.1% YoY.

We will continue to explain the impact of M&A, which has led to an increase in the scaleof the Group. First of all, net sales decreased JPY41,771 million YoY. The breakdown is
as follows. Total sales at conventional Kaga Electronics group companies declined
JPY8,880 million. Sales at FEI were down JPY51,494 million. Excel, which wasconsolidated in the first quarter, posted sales of JPY18,604 million.
Gross profit of the overall Group decreased JPY2,130 million. The conventional Kaga
Electronics Group incurred a decline of JPY494 million, FEI saw a decline of JPY2,633
million, and Excel enjoyed a rise of JPY1,009 million. The gross profit margin for theconventional Kaga Electronics Group was 14.3%, up from 13.7% in the same period of
the previous year. FEI’s GPM was 8.0%, up from 6.7%.
SG&A expenses were down JPY1,325 million in total. The conventional Kaga Electronics
Group slashed SG&A expenses by JPY1,104 million, and FEI by JPY1,278 million. SG&A
expenses at Excel, which joined the Group in the current year, pulled up the total
expense amount by JPY1,058 million.
Finally, the Group’s overall operating income was down JPY805 million YoY. The
conventional Kaga Electronics Group posted a rise of JPY667 million, FEI incurred a fall of
JPY1,370 million, and Excel saw a decline of JPY106 million.

Next, I would like to explain the first half business results by company. The conventional
Kaga Electronics Group posted sales of JPY110,535 million, down 7.4% YoY. Gross profit
was JPY15,853 million, down 3.0% YoY. Operating income was JPY4,619 million, a YoY
increase of 16.9%.
FEI posted net sales of JPY59,720 million, down a sharp 46.3% YoY. Gross profit was
JPY4,784 million, down 35.5% YoY. The company incurred operating loss of JPY84 million.
Excel posted sales of JPY18,604 million. Gross profit was JPY1,009 million. It incurred
operating loss of JPY106 million.

I will explain the results of the main segments. In the Electronic Component Segment, asI mentioned earlier, net sales decreased JPY42,931 million, down 21.5% YoY. Segment
income was down 1,155 million, or 27.3%. The Components Sales Business benefited
from the effect of Excel’s consolidation, but sales fell significantly due to the terminationof FEI sales agency agreement with Cypress Semiconductor .
The EMS Business continued to perform well in the medical equipment area, but was
sluggish in the areas of automotive and air conditioning devices. The Company wasaffected by partial suspension of operations and production adjustments at overseas
plants due to the pandemic.

In the Information Equipment Segment, sales were up JPY3,223 million, or 16.1%, YoY.
Segment income increased JPY542 million, or 87.8%. Sales of PCs and PC peripherals toelectronics mass retailers, schools and educational facilities were strong during the
COVID‐19 outbreak due to the increase in remote work and online classes. On the other
hand, the Home Electric Appliances Business remained sluggish.

Next, I would like to explain the three‐month figures for the second quarter alone. Net
sales for the July‐to‐September second quarter were JPY104,729 million, down 13.5%
YoY. Against the result in the first quarter of JPY84,130 million, it was up 24.5% QoQ.
Operating income was JPY2,778 million, down 18% YoY and up 67.8% QoQ. Ordinary
income was 2,804 million, down 19.9% YoY and up 82.9% QoQ. Profit attributable toowners of parent was JPY2,128 million, down 1.1% YoY and down 75.4% QoQ. This islargely attributable to the recording of Excel's negative goodwill in the first quarter.

Next, I will explain the quarterly figures by segment. Sales in the Electronic Component
Segment were JPY88,690 million, down 15.7% YoY and up 30.1% QoQ. Segment income
amounted to JPY1,897 million, down 27.5% YoY and up 60.0% QoQ.
Sales in the Information Equipment Segment were JPY10,654 million, up 8.2% YoY anddown 15.0% QoQ. Segment income amounted to JPY577 million, up 34.6% YoY anddown 0.9% QoQ.
Sales in the Software Segment were JPY783 million, down 12.5% YoY and up 59.2% QoQ.
Segment income was JPY131 million, up 20.5% YoY.
Sales in the Others Segment were JPY4,600 million, down 9.8% YoY and up 58.4% QoQ.
Segment income was JPY137 million, down 26.2% YoY. The segment turned into theblack from loss of JPY101 million in the previous quarter.

Next, I will explain the quarterly business results by company. Sales of the conventional
Kaga Electronics Group were JPY58,041 million for the second quarter, down 6.0% YoY
and up 10.6% QoQ. Gross profit was JPY8,410 million, down 1.5% YoY and up 13.0%
QoQ . Operating income was JPY2,749 million, up 17.7% YoY and up 47.0% QoQ.
FEI posted net sales of JPY30,548 million, down 48.5% YoY and up 4.7% QoQ. Grossprofit was JPY2,455 million, down 41.1% YoY and up 5.5% QoQ . The company reported
operating loss of JPY65 million, against operating income of JPY1,057 million in thesecond quarter of the previous year. A sharp decrease in gross profit resulted in the red
ink.
Excel, which joined the Group in the current fiscal year, posted net sales of JPY16,139
million. Gross profit was JPY779 million, and operating profit was JPY91 million. The
company turned into the black in the second quarter partly because results at its
overseas subsidiaries were included in its consolidated figures from the second quarter.

I will explain our balance sheet. As for assets, total assets were JPY209,908 million, an
increase of JPY2,270 million from the end of March. Current assets were JPY172,376
million, a decrease of JPY1,955 million from six months earlier. Non‐current assets were
JPY37,532 million, an increase of JPY4,226 million.
Total liabilities were JPY113,745 million, a decrease of JPY7,643 million from the end of
March. Net assets were JPY96,163 million, an increase of JPT9,913 million.

This is a breakdown of the assets. First of all, inventories were JPY37,729 million, an
increase of JPY5,821 million. The inventory turnover period was 36.6 days. Notes andaccounts receivable were JPY91,864 million, an increase of JPY493 million. Notes andaccounts payable were JPY54,605 million, a decrease of JPY15,583 million. The accounts
receivable turnover was 89 days, and the accounts payable turnover was 61.1 days.

Next, I will explain cash and deposits, interest‐bearing debt, and cash flows. Cash anddeposits amounted to a balance of JPY35,554 million, a decrease of JPY7,830 million
from six months earlier. Interest‐bearing debt amounted to JPY39,179 million, an
increase of JPY10,443 million. The D/E ratio was 0.44, and the net D/E ratio was 0.04.
Among cash flows, cash flows from operating activities showed a net outflow of
JPY7,017 million. Cash flows from investing activities posted a net outflow of JPY2,996
million, and those from financing activities showed a net outflow of JPY855 million.

Let me explain cash flows. Cash flows from operating activities recorded a temporary
increase in outflow due to the acquisition of Excel, loss of large commercial rights, andthe impact of COVID‐19. However, it is expected to be reversed by the end of the current
fiscal year ending March 2021.
This is a breakdown of operating cash flows. Profit before income taxes amounted to
JPY12,126 million, and gain on negative goodwill led to outflow of JPY7,963 million. A
decrease in notes and accounts receivable‐trade was JPY10,547 million, a decrease ininventories was JPY1,835 million, and a decrease in notes and accounts receivable‐trade
was JPY21,540 million, leading to net cash used in operating activities worth JPY7,017
million.

Finally, I would like to explain our full‐year earnings forecasts. As of August 6, weannounced our full‐year earnings forecasts, but in light of our first half results, werevised up our net sales forecast by JPY10 billion to JPY410 billion. We increased ourforecast for operating income by JPY2.5 billion to JPY7.5 billion. We also raised ourordinary income forecast by JPY3 billion to JPY7.5 billion.
We left our forecast for profit attributable to owners of parent unchanged at JPY10
billion.

These are the factors behind the increases in the earnings forecasts. I will explain them briefly.
When we previously forecast annual net sales at JPY400 billion, we estimated sales at theconventional Kaga Electronics Group at JPY240 billion, those at FEI at JPY160 billion, and those at
Excel at JPY50 billion. These totaled JPY450 billion, which was the estimate before the COVID‐19
pandemic, and we estimated the risk to slash sales at JPY50 billion, leading to the previous
forecast of net sales at JPY400 billion.
Following the financial results for the first half, we newly estimated sales at the conventional
Kaga Electronics Group at JPY235 billion, down JPY5 billion from the initial projection, those at
FEI at JPY125 billion, down JPY35 billion, and those at Excel at JPY50 billion, unchanged from theprevious estimate. As a result, we came up with the total net sales forecast of JPY410 billion, up
JPY10 billion.
In terms of operating income, we previously estimated the value for the conventional Kaga
Electronics Group to be JPY7.5 billion and that for FEI to be JPY1 billion, and that for Excel tobreak even, prior to the pandemic. Then we added a risk of gross profit decrease due to theimpact of COVID‐19 worth JPY5 billion, and the effect of efforts to recover profits worth JPY1.5
billion, leading to a net decrease of JPY3.5 billion, and resulting in the total operating income
forecast of JPY5 billion. In response to the results in the first half, we estimated a gross profit
decrease at JPY4 billion and the effect of recovery efforts at JPY3 billion, leading to a net
decrease JPY1 billion. As a result, we revised our operating income forecast upward by JPY2.5
billion to JPY7.5 billion.
Regarding profit attributable to owners of parent, we initially estimated extraordinary profit
worth JPY8 billion from gains on negative goodwill by the acquisition of Excel, and extraordinary
loss worth JPY1.5 billion due to restructuring cost, business risks and others. In addition, we
estimated income taxes at JPY1.5 billion, leading to JPY10 billion in profit. This time, weestimated extraordinary loss to be JPY3 billion and income taxes to be JPY2.5 billion, leaving theforecast unchanged at JPY10 billion.
As described above, we are pursuing our businesses in an extremely challenging environment,
and our full‐year results are expected to incur YoY falls in both sales and profits. However, we
would like to do our utmost to improve our business performance of the whole Group, and weappreciate your support.
Thank you for your listening.

Hello, everyone. I’m Ryoichi Kado, President & COO of Kaga Electronics Co., Ltd. Thankyou very much for your continued cooperation in our IR activities. Now, let me report onimportant management issues that occurred during the first half, from April to
September, of the current fiscal year.

The first topic is about COVID‐19. At the previous briefing in May, we explained the situation atthat time. In this slide, we have updated the situation during April and September. In Japan, oursales offices were based on teleworking or staggered working hours. Overseas, according to the
instructions of governments and agencies, employees continued sales activities with safety first,
partly using telecommuting.
In this table, we summarized the rate of office attendance in Japan. Until May, when the
Declaration of a State of Emergency was lifted, this rate was kept to 30% or less, andsubsequently kept to 40% to 50% from June onward. From October, when there was a spreadphase again, we directed that the attendance rate in the metropolitan areas around Tokyo andOsaka should be around 40%, and that the attendance rate in other areas should be 50% or so.
During April and September, there was one infected employee at the Kaga Electronics
Headquarters in August, and one at a Group company in September. There has been no infected
person thereafter.
On the other hand, our production bases in Japan, Thailand, and Indonesia continued theirproduction activities without having to suspend operations. However, as described in the slide,our plants in China, Malaysia, Vietnam, and etc., suspended operations in accordance with the
lockdown triggered by the government of each country. Currently, the production activities arecontinuing at all sites while implementing safety measures.
At overseas business bases, we had one infected person in the Czech Republic in April and two in
Mexico in July. There have been reports on several infection cases in the Czech Republic, Mexico,and Turkey amid the renewed spread of COVID‐19 in Europe and North America. At the KagaGroup companies, both in Japan and overseas, employees of course wash hands and mouths anduse hand sanitizers. In addition, we measure body temperatures of employees and visitors at thetime of entry into buildings.
At our plants, we are working to prevent the spread of infections by establishing sanitizing
showers, production lines with proper social distancing, and boundaries at employee dining halls
to prevent contact between employees. So far, we had only separate cases of infections, andhave had no cluster infections.

The next topic is the acquisition of shares of Kyokuto Electric Co., Ltd. and consolidationof the company into the Group. The company, headquartered in Osaka, manufacturessafety breakers and power leakage circuit breakers. It also engages in the EMS business.
It is the leading manufacturer of leakage protection plugs and leakage protection relays,
dominating domestic market shares of 75% to 100%.
In April, Kyokuto Electric petitioned the Osaka District Court to commence civil
rehabilitation procedures. The company, which had operated in Japan and overseas, fell
into trouble as it was hit by COVID‐19 this year after its Chinese business had beensluggish since last year.
As Kaga Electronics had outsourced its EMS business related to onboard automotive
products for part of its customers to Kyokuto, the Company entered a sponsorshipagreement with Kyokuto in August. Thereafter, on November 2, we acquired 100% of
shares of the new Kyokuto Electric, which was established through a corporate split thesame day after separating the old Kyokuto Electric’s unnecessary businesses, such as the
Chinese business. Kyokuto Electric is now our consolidated subsidiary.
The purposes of the acquisition are described here. In particular, the second point,
establishing an EMS base in western Japan, is very important. Kyokuto has plants in
Tottori, western Japan. By having Kaga EMS Towada Co., Ltd. in eastern Japan andKyokuto in western Japan, Kaga Electronics will establish a system to be able to meet theneed of a broad range of customers that are oriented toward production in Japan.

Next, I report on the PMI process after the acquisition of Fujitsu Electronics Inc. Regarding theinitiatives for the EMS business, as I explained at the previous briefing, we established a sales
team within Fujitsu Electronics specializing in EMS in April last year. This team cooperates with
Kaga Electronics’ EMS Business Division and conducts sales activities with FEI’s major customers.
During April and September, it approached 84 companies for business talks and obtained orders
for development, trial production, and mass production from five of them.
In the previous fiscal year, it approached 90 companies and obtained orders from four, so its
performance in the six months was equivalent to the full‐year result. Many of the orders will
generate sales from FY2021. Among them, we look forward to a project for an onboard
automotive product for a Tier 1 parts supplier because it is a big project, worth billions of JPY.
The next important initiative is the third one, finding new products for sale. As we explained, FEI
has lost major commercial rights in connection with Cypress Semiconductor of the US and otherbusiness partners and need new businesses to offset the loss. FEI has keenly been seeking new
merchandise for five years. The Company has started transactions with 79 suppliers on a
cumulative basis. For the current fiscal year, sales of the new merchandise are expected to total
JPY15 billion, up 40% year on year. We look forward to further growth because there are four
products whose sales are worth several billions of JPY.
We are also working diligently to consolidate the sales bases and organizations of bothcompanies. In Japan, we have already been integrating and transferring operations in Nagoya,
Hiroshima, and Niigata, and we plan to transfer FEI’s sales office in Osaka by the end of the year.
Overseas, we are in the process of integrating the US sales company toward the spring of next
year. As the US is hit by the spread of COVID‐19, we are moving ahead with safety first.
Finally, the Company will change its name to Kaga FEI on December 29. The Company will startnext year with the new name.

The next topic is the PMI process of Kaga EMS Towada Co., Ltd., which became a Group
company, in October 2019, as a result of the acquisition of former Towada Pioneer. The
company was originally manufacturing automotive navigation systems and others as
Pioneer Corporation’s subsidiary. After entering our Group, the company has eagerly
been seeking new customers not to depend on its existing products.
One approach is cooperation with Kaga Electronics’ EMS Business Division. Kaga EMS
Towada has obtained two mass production orders for onboard automotive products andone mass production order for office automation equipment. As it was qualified as acertified plant of a major Japanese electronics manufacturer, transactions are expected
to increase. The other way is through their own efforts. As Towada Pioneer, the company
acquired a license for manufacturing medical equipment. Against this backdrop, it
obtained two orders from Japanese medical equipment makers.
One of our purposes of the acquisition was to strengthen our manufacturing capabilities
in the EMS business. We share Kaga EMS Towada’s long‐standing expertise as a
dedicated electronics maker, excellent human resources for production, production
facilities, quality assurance system and other tangible and intangible assets and aremaking horizontal deployment globally. We aim to improve quality levels of our EMS
business as the Group’s mother factory and enhance our competitive edge.

Excel Co., Ltd. is the final case of our PMI processes. We acquired the company in April
this year with the aim of expanding the share of the Electronic Components businessand the scale of the EMS business, and acquiring new businesses. Here, I will explain the
progress made in the six months with respect to new businesses and consolidation andclosure of business bases.
Regarding the initiatives for new businesses, we introduced two examples. As I will
explain the first one, collaboration with Kaltech, in detail on the following slide, I would
like to mention the EV bus business. Excel established Alfa Bus Japan Co., Ltd., in 2019,as a sales agent for Jiangsu Alfa Bus Co., Ltd., a Chinese EV bus manufacturer. Alfa Bus
Japan is working to expand sales of environmentally friendly EV buses in Japan. Jiangsu
Alfa Bus was established in 1999. It manufactures 12‐meter‐long large EV buses inalliance with a Swedish bus manufacturer in terms of production of vehicles and with aJapanese battery manufacturer in terms of batteries.
In China, which leads the world in EV buses, Alfa buses are adopted by the cities of
Shanghai, Chengdu, and Wuxi. In Europe, they are also being used for route buses inmajor cities in Spain and Italy. In Japan, Alfa Bus Japan received two orders from local
governments in the first half of the current fiscal year. Needless to say, EV buses are
driven by clean energy with no carbon emissions, so I think it is a socially beneficial
business in line with the UN SDGs.
Regarding the consolidation and closure of sales offices, we are steadily implementing
important structural reforms at home and abroad, such as the integration and relocationof business bases and the liquidation of subsidiaries.

Next, I would like to explain TURNED K, a photocatalytic sanitizing and deodorizing
machine, which has been developed and sold by Kaltech. First, let me explain Kaltech.
Kaltech is a venture company launched in 2018, led by Junichi Somei, a former Sharp
Corporation engineer. Using proprietary photocatalytic technology, Caltech provides theworld with environmental products for the purification of air and water.
As Excel invested part of the startup funds in Kaltech, we agreed to expand thisrelationship to the entire Kaga Electronics Group and collaborate in product sales andparts procurement. In the future, we are looking to collaborate on production by using
our EMS network.
Next, I will explain the technical matters. Although it does not use new technology forphotocatalysts, the points of the company's technology are its proprietary coating
technology for titanium oxide as a photocatalyst and its use of visible light LEDs as lightsources. This has resulted in world‐class response efficiencies in decomposing viruses
and germs, which are floating in the air, into water and CO2. In the case of influenza
viruses, the Kaltech technology is confirmed to have eliminated 99.9% in five minutes.
In recent collaboration with RIKEN and Nihon University School of Medicine, thecompany conducted a trial of the efficacy of photocatalysts against the novel
coronavirus within a certain space, and it was confirmed that more than 99.9% of thevirus was removed in about 20 minutes. The result has already been announced by thecompany and has been covered by various media reports, such as newspapers andtelevision. The deodorizing and sanitizing product is being sold very well at electronics
mass retailers and on mail orders. There is a wall‐hanging type and a neck‐hanging typethat I am wearing.

The last two slides explain our efforts for the sustainability and SDGs. This slide is a
visualization of our sustainability efforts. We were originally a trading company and havebeen operating for 54 years with the motto of “ not saying no” to our customers. As aresult, we have expanded our business domains as a general trading company inelectronics from sales of finished products to post‐sales support, with the parts sales
business and EMS business at the core.
In a conventional business, we sell high‐quality PC products to schools and othereducational institutions. We also contribute to the reduction of waste through recycling
businesses, such as the reuse and recycling of PC products and home appliances.
Although we are unable to select customers or select transactions in our parts sales and
EMS business, we understand that our position is to be indirectly involved in the SDGs
through products to be deployed by our customers in line with the SDGs and throughour services to help them.
Meanwhile, we are challenging new businesses in line with the SDGs without being
constrained by precedents and customs. We have launched a helicopter business forgovernment agencies, which are increasingly aware of disaster prevention in response tofrequent large‐scale disasters such as earthquakes and heavy rains. We are also
preparing to sell medical devices such as mobile CT scanners. In this way, we go beyond
the boundaries of an electronics trading company and are working on the businesses tosolve social issues. In order to accelerate the SDGs initiatives, collaboration with external
parties is essential. We support start‐up companies working to solve social issues
through venture investments.
In addition, we are working to commercialize next‐generation energy materials andother products through open innovations in industry‐academia collaboration with Japan
Advanced Institute of Science and Technology (JAIST) and others.

The final slide introduces four specific examples in line with the SDGs. The top left picture is a
mobile CT scanner we are preparing to sell. We hope that this will lead to the promotion ofhealth for the elderly, who are difficult to walk. This flatbed CT scanner is used for women's
breast cancer examinations. Unlike conventional mammography, it is painless, so I think that the
number of examinations will increase, leading to a rise in early detections of cancer.
The photo on top right shows an interface called “Ontenna”, developed by FEI, to feel the soundwith the surface of the body. By converting sounds with 60 decibels to 90 decibels into 256
levels of vibration and light intensity and transmitting them to the body, hearing impaired
people can feel the rhythms, patterns, and magnitude of sounds. We expect the device to be
used in schools for the deaf and other educational settings, as well as in sports and cultural
events.
The photo at bottom left shows the care support system we sell. This system allows
administrators to watch residents 24 hours a day with sensors installed at several points indoors.
In addition to the detection of actions such as getting up and getting out of bed, in the event ofan accident, such as falling to the floor or abnormal breaths, it will notify the staff's smartphonesof the accident. Since the status of tenants can be confirmed by videos, appropriate measures
can be taken at an early stage and operational efficiency can be improved dramatically. There
were reports that the facilities that introduced this system have improved their operational
efficiency by about 30%.
The last example is the Green Capacitor at bottom right. This was developed by Spacelink, which
we invested in as a venture company. We are working with JAIST to commercialize this productin industry‐academia collaboration. As an energy device capable of rapid, large‐capacity charging,
it is expected to be used in a wide range of fields, including consumer electronics devices likemobile terminals and wearable terminals, industrial equipment like robots and drones, and EVs.
In this way, we will contribute to the SDGs through a three‐way combination: conventional
businesses, new businesses, and external collaboration.
My explanation is over. Thank you for listening.