Jul. 18th, 2007
NACHI –FUJIKOSHI CORP.

CONTENTSPart 1

Outline of the Closing

䋱䋮Interim Figures for fiscal 2007㪉㩷㫋㫆㩷㪏

䋲䋮Plans for the whole fiscal 2007㪐㩷㫋㫆㪈㪌Part 2
Outlook for 2008 and Beyond㪈㪍㩷㫋㫆㪉㪊䋱

Overview
Interim Figures for fiscal 2007 (consolidated)
1st Half 2007

䋨unit䋺100mil Yen)㪝㫀㫊㪺㪸㫃䋲䋰䋰䋶㫀㫅㫋㪼㫉㫀㫄㩷㩿㪘㪀䌆䌩䌳䌣䌡䌬䋲䋰䋰䋷㫀㫅㫋㪼㫉㫀㫄㩷㩿㪙㪀䋹䋳䋱㪪㪸㫃㪼㫊䋹䋲䋶㪚㪿㪸㫅㪾㪼㫊㩷㫀㫅㩷㪧㫉㫆㪽㫀㫋䋨㩼䋩㩿㪙㪀㩷㪄 㩿㪘㪀㩿䂦䋰㪅䋵㩼㪀䂦䋴㪙㫌㫊㫀㫅㪼㫊㫊㩷㪧㫉㫆㪽㫀㫋㩿䋸㪅䋱㩼㪀㩷㩷䋷䋵㩿䋸㪅䋶㩼㪀㩷㩷䋷䋹㩿䋫䋴㪅䋸㩼㪀㩷㩷 䋫䋳㪚㫌㫉㫉㪼㫅㫋㩷㪜㪸㫉㫅㫀㫅㪾㫊㩿䋷㪅䋴㩼㪀㩷䋶䋹㩿䋷㪅䋸㩼㪀㩷䋷䋲㩿䋫䋴㪅䋴㩼㪀㩷䋫䋳㪪㫇㪼㪺㫀㪸㫃㩷㪧㫉㫆㪽㫀㫋䋱䋹䋫䋸㪜㫏㫋㫉㪸㫆㫉㪻㫀㫅㪸㫉㫐㩷㪣㫆㫊㫊䋱䋰䋳䂦䋶㪚㫌㫉㫉㪼㫅㫋㩷㪥㪼㫋㩷㪧㫉㫆㪽㫀㫋䋳䋳䋴䋱㩿䋫䋲䋳㪅䋸㩼㪀㪝㫀㫊㪺㪸㫃㩷㪉㪇㪇㪍㫀㫅㫋㪼㫉㫀㫄㩿㪘㪀㩷㪜㫈㫌㫀㫋㫐㪝㫀㫊㪺㪸㫃㩷㪉㪇㪇㪍㪚㪿㪸㫅㪾㪼㫊㫀㫅㫋㪼㫉㫀㫄㩿㪙㪀㩷㩿㪙㪀㪄㩿㪘㪀䋱㪃䋷䋳䋲㪚㫆㫃㫃㪼㪺㫋㫀㫍㪼㩷㪘㫊㫊㪼㫋㫊㩿㪉㪎㪅㪐㩼㪀㩷 䋴䋸䋳㪛㪼㪹㫋㩷㫎㫀㫋㪿㩷㪠㫅㫋㪼㫉㪼㫊㫋㩷 䋵䋲䋲䋱㪃䋹䋰䋱 䋫䋱䋶䋸㩿㪉㪐㪅㪋㩼㪀㩷 䋵䋵䋹㩿㪂㪈㪅㪌 㫇㫆㫀㫅㫋㫊㪀䋫䋷䋶䋶䋱䋱䋫䋸䋹䋱㪅䋱 㫋㫀㫄㪼㫊䋱㪅䋱㫋㫀㫄㪼㫊䋹䋴䋸䋹䂦䋴㪜㫏㫇㪼㫅㫊㪼㫊㩷㫆㪽㩷㪛㪼㫇㫉㪼㪺㫀㪸㫋㫀㫆㫅䋴䋱䋴䋵䋫䋴㪟㫌㫄㪸㫅㩷㪩㪼㫊㫆㫌㫉㪺㪼㫊䋵㪃䋵䋴䋲䋵㪃䋶䋹䋸䋫䋱䋵䋶䌄䋯䌅 㫉㪸㫋㫀㫆䋲

1st Half 2007

Managerial Performance㪬㫅㫀㫋㪑㪈㪇㪇㫄㫀㫃㫀㩷㪰㪼㫅䋫䋸㪚㪸㫇㫀㫋㪸㫃㩷㩷㩷㪜㫏㫇㪼㫅㪻㫀㫋㫌㫉㪼㫊䋳Sales Figures by Main Businesses (Machining & Cutting Tools)
1st Half 2007

䋨unit䋺100mil Yen)㪈㪌㪍

㪈㪌㪎

㪈㪌㪍



CuttingTools

㪈㪇㪈
㪐㪈㪏㪉

㪐㪈

㪐㪇

㪐㪈

Robots

MachiningTools
1st

2nd

1st

1stHalfHalf2006

2007

2nd

1st

1stHalfHalfHalfHalf2006

2007

2006

2007

2nd

1st䋴Sales Figures by Main Business (Parts & Special Steels)
1st Half 2007

䋨unit䋺100mil Yen)㪊㪈㪊㪊㪉㪋㪊㪉㪇㪈㪎㪍㪈㪏㪎㪈㪏㪌
Special Steels& OtherBearingsHydraulicEquipment

㪎㪇㪍㪏

㪎㪇

1st

1st

2nd

1st


1st

2nd

1st

1st

2nd

Half

Half

Half

Half

Half

Half

2006

2007

2006

2007

2006

2007

䋵

Sales & Operating Profits by Business Segments
1st Half 2007

(Unit: 100 mil Yen)

Sales

Interim ‘07 (B)Cutting Tools

䋱䋵䋶䋱䋵䋷㩿 䋫䋰㪅䋵㩼㪀㩷

䋫䋱Machine Tools

䋱䋰䋱䋸䋲㩿䂦䋱䋸㪅䋹㩼㪀

䂦䋱䋹

Ros䋹䋱

䋹䋱Tol䋳䋴䋸䋳䋳䋱㩿䂦䋵㪅䋱㩼㪀㩷 䂦䋱䋷䋲䋶㩿䂦䋲䋲㪅䋷㩼㪀㩷㩷㩷 䂦䋷Business

SalesTools & Machining Components

Interim ‘06 (A)ottaProfits

䋨䋹.䋷%䋩

䋳䋴䋨䋷.䋹%䋩

㩿䋫䋰㪅䋸㩼㪀㩷㩷䋭B e a r i n g s䋳䋱䋳䋳䋲䋴㩿㩷㩷䋫䋳㪅䋶㩼㪀㩷㩷㩷㩷䋫䋱䋱

Hydraulic Equipment䋱䋷䋶䋱䋸䋵㩿䋫䋵㪅䋳㩼㪀㩷㩷㩷㩷䋫䋹T䋴䋸䋹䋵䋱䋰㩿䋫䋴㪅䋲㩼㪀㩷㩷㩷㩷䋫䋲䋰oBusinesstal

Profits

䋨䋷.䋹%䋩

䋳䋸䋨䋹.䋲%䋩

䋴䋷㩿䋫䋲䋱㪅䋷㩼㪀㩷䋫䋸Sales

Materials etc

Special Steels䋷䋰䋷䋰㩿 䋫䋰㪅䋲㩼㪀㩷㩷㩷 䋭Other䋲䋱䋱䋴㩿䂦䋵䋱㪅䋲㩼㪀㩷㩷㩷㩷 䂦䋷Total䋹䋲䋸䋵㩿 䂦䋲㪅䋱㩼㪀䂦䋷䋵㩿䋫䋲䋮䋱㫋㫀㫄㪼㫊䋩䋫䋳䋹䋲䋶㩿㩷㩷䂦䋰䋮䋵㩼㪀䂦䋴Business

GrossbChanges (%) (B)-(A)Sales

Profits

䋨䋳.䋰%䋩

Figures

Gross Business Profits䋲䋨䋶.䋹%䋩

䋹䋳䋱䋨䋸.䋱%䋩

䋷䋵䋨䋸.䋶%䋩

䋷䋹㩿䋫䋴㪅䋸㩼㪀㩷㩷 䋫䋳

Summaries by Geographical Locations
䂾Sales䋨 unit䋺100 mil Yen 䋩㪝㫀㫊㪺㪸㫃㩷䋰䋶㫀㫅㫋㪼㫉㫀㫄㩷㩿㪘㪀䌆䌩䌳䌣䌡㫃㩷䋰䋷㫀㫅㫋㪼㫉㫀㫄㩷㩿㪙㪀㪚㪿㪸㫅㪾㪼㫊
䋨B䋩䋭䋨A䋩䋷䋶䋷䋷䋴䋴䂦䋲䋳

Sales䋱䋲䋲䋱䋲䋰䂦䋲

Production䋱䋷䋵䋱䋶䋰䂦䋱䋵

Domestic䋲䋹䋸䋲䋸䋱䂦䋱䋷

Americas䋱䋱䋸䋱䋳䋰䋫䋱䋲Europe䋴䋵䋵䋵䋫䋱䋰Asia䋶䋲䋷䋱䋫䋹Overseas䋲䋲䋵

䋲䋵䋷

䋫䋳䋲

Total䋵䋲䋳䋵䋳䋸

Subtotal䋱㪃䋲䋹䋱

Adjustment
Consolidated NetSales

Unconsolidated

䂾Sales Profit䋶

1st Half2007

䋨 unit䋺100 mil Yen 䋩㪪㫌㪹㫊㫀㪻㫀㪸㫉㫀㪼㫊㪝㫀㫊㪺㪸㫃㩷䋰䋶㫀㫅㫋㪼㫉㫀㫄㩷㩿㪘㪀 䋩䌆䌩䌳䌣䌡䌬 䋰䋷㫀㫅㫋㪼㫉㫀㫄㩷㩿㪙㪀㪚㪿㪸㫅㪾㪼㫊
䋨B䋩䋭䋨A䋩䋵䋸䋵䋳䂦䋵䋴䋵䋫䋱䋶䋷䋫䋱䋱䋱䋱䋲䋫䋲䋷䋱䋱䋫䋴䋰䋱䋫䋱䋲䋳䋫䋱䋹䋱䋵䋫䋶䋫䋱䋵䋲䋰䋲䋸䋫䋸䋱,䋲䋸䋳䂦䋸䋷䋸䋸䋱䋫䋲䂦䋳䋶䋰䂦䋳䋵䋷䋫䋳䂦䋳䂦䋲䋫䋱䋹䋳䋱䋹䋲䋶䂦䋴䋷䋵䋷䋹䋫䋳䋷㪚㪿㪸㫅㪾㪼㫊㩷㫀㫅㩷㪦㫇㪼㫉㪸㫋㫀㫅㪾㩷㪠㫅㪺㫆㫄㪼㩷㪧㪸㫉㪸㫄㪼㫋㪼㫉㫊㪈㪇㪇㩷㫄㫀㫃㫃㫀㫆㫅㩷㫐㪼㫅䋹䋰㪈㫊㫋 㪟㪸㫃㪽㩷㪉㪇㪇㪎㪚㫆㫊㫋㩷㪩㪼㪻㫌㪺㫋㫀㫆㫅㩷㪂㪈㪉㪠㫅㪺㫉㪼㪸㫊㪼㩷㫀㫅㩷㪝㫀㫏㪼㪻㩷㪚㫆㫊㫋㫊㩷䂦㪈㪊㪪㪸㫃㪼㫊㩷㪧㫉㫀㪺㪼㩷㪠㫅㪺㫉㪼㪸㫊㪼䋫䋳㪮㫀㫋㪿㪻㫉㪸㫎㪸㫃㩷㪽㫉㫆㫄㩷㪟㫆㫌㫊㫀㫅㪾㩷㪙㫌㫊㫀㫅㪼㫊㫊㩷㪂㪉㪠㫅㪺㫉㪼㪸㫊㪼㩷㫀㫅㩷㪤㪸㫋㪼㫉㫀㪸㫃㫊㩷㪚㫆㫊㫋㫊㩷䂦㪍䋸䋰㪜㫏㪺㪿㪸㫅㪾㪼㪄㫉㪸㫋㪼㩷㪠㫅㪽㫃㫌㪼㫅㪺㪼㩷㪂㪌㪂㪊㪇㪇㩷㫄㫀㫃㫃㫀㫆㫅㩷㫐㪼㫅䋷䋹䋷䋵䋷䋰䌾䌾㪝㫀㫊㪺㪸㫃㩷㪉㪇㪇㪍㩷㪤㫀㪻㫋㪼㫉㫄㩷㪝㫀㫊㪺㪸㫃㩷㪉㪇㪇㪎㩷㪤㫀㪻㫋㪼㫉㫄㩷䋸Yearly Profit Plan Ended November, 200䋷
FY 2007(unit : 100 mil Yen)㪪㪸㫃㪼㫊㪧㪼㫉㪽㫆㫉㫄㪸㫅㪺㪼㪝㫀㫊㪺㪸㫃㩷㪉㪇㪇㪍㩿㪘㪀㪩㪼㫍㫀㪼㫎㪼㪻㩷㪧㫃㪸㫅㪝㫀㫊㪺㪸㫃㩷㪉㪇㪇㪎㩿㪙㪀䋱㪃䋸䋶䋷䋱㪃䋸䋸䋰㩿 䋫䋰㪅䋷㩼㪀㩷䋫䋱䋳䋱䋶䋵㩿䋫䋶㪅䋱㩼㪀㩷㩷 䋫䋱䋰㪚㪿㪸㫅㪾㪼㫊㩿㩼䋩㩿㪙㪀㩷㪄 㩿㪘㪀㪙㫌㫊㫀㫅㪼㫊㫊㩷㪧㫉㫆㪽㫀㫋㩿䋸㪅䋳㩼㪀㩷㩷㪚㫌㫉㫉㪼㫅㫋㩷㪜㪸㫉㫅㫀㫅㪾㫊㩿䋷㪅䋶㩼㪀㩷㩷㩷㩷 䋱䋴䋱㩿䋸㪅䋰㩼㪀㩷㩷㩷㩷 䋱䋵䋰㪪㫇㪼㪺㫀㪸㫃㩷㪧㫉㫆㪽㫀㫋䋶䋹䋫䋳㪜㫏㫋㫉㪸㫆㫉㪻㫀㫅㪸㫉㫐㩷㪣㫆㫊㫊䋱䋶䋲䋰䋫䋴㪥㪼㫋㩷㪠㫅㪺㫆㫄㪼㩷㫆㪽㩷㪫㪿㪼㩷㪝㫀㫊㪺㪸㫃㩷㪉㪇㪇㪍䋷䋳䋷䋵䋱䋵䋵㩿䋸㪅䋸㩼㪀㩷㩷㩿䋫䋵㪅䋹㩼㪀㩷㩿䋫䋲㪅䋷㩼㪀䋫䋹䋫䋲䋹

Managerial Performance
FY 2007(unit : 100 mil Yen)㪧㪼㫉㪽㫆㫉㫄㪸㫅㪺㪼㪩㪼㫍㫀㪼㫎㪼㪻㩷㪧㫃㪸㫅㪚㪿㪸㫅㪾㪼㫊㩿㩼䋩㪝㫀㫊㪺㪸㫃㩷㪉㪇㪇㪍㩿㪘㪀 㪝㫀㫊㪺㪸㫃㩷㪉㪇㪇㪎㩿㪙㪀㩿㪙㪀㩷㪄 㩿㪘㪀㪚㫆㫃㫃㪼㪺㫋㫀㫍㪼㩷㪘㫊㫊㪼㫋㫊㩷䋱㪃䋸䋶䋱䋱㪃䋹䋲䋰䋫䋵䋹㩿㪉㪏㪅㪍㩼㪀㩷 䋵䋳䋲㩿㪊㪈㪅㪇㩼㪀㩷 䋵䋹䋵㩿㪂㪉㪅㪋㫇㫆㫀㫅㫋㪀 䋫䋶䋳䋶䋰䋴䋶䋳䋰䋫䋲䋶䌄䋯䌅 㫉㪸㫋㫀㫆䋱㪅䋱 㫋㫀㫄㪼㫊䋱㪅䋱 㫋㫀㫄㪼㫊䋭㪺㪸㫇㫀㫋㪸㫃㩷㩷㩷㪼㫏㫇㪼㫅㪻㫀㫋㫌㫉㪼㫊䋱䋸䋰䋲䋰䋰䋫䋲䋰䋸䋷䋹䋵䋫䋸䋵㪃䋶䋱䋳 㫁㫆㪹㫊䋵㪃䋶䋵䋰 㫁㫆㪹㫊䋫䋳䋷䌪㫆㪹㫊㪜㫈㫌㫀㫋㫐㪻㪼㪹㫋㩷㫎㫀㫋㪿㩷㫀㫅㫋㪼㫉㪼㫊㫋㪜㫏㫇㪼㫅㫊㪼㫊㩷㫆㪽㩷㪛㪼㫇㫉㪼㪺㫀㪸㫋㫀㫆㫅㪟㫌㫄㪸㫅㩷㪩㪼㫊㫆㫌㫉㪺㪼㫊䋱䋰Sales Figures by Main Business䋨Machining & Cutting Tools䋩
Tools䋩
FY 2007

䋨unit䋺100mil Yen)㪈㪌㪍 㪈㪌㪍㪈㪌㪎㪈㪍㪊㪈㪇㪊㪈㪇㪈㪐㪈CuttingTools

1st 2nd 1st 2nd㪏㪉㪐㪈

MachiningTools

1st 2nd 1st 2nd㪐㪇㪐㪈㪎㪏

Robots

1st2nd

1st 2ndHalf

Half

Half

Half

Half

Half

2006

2007

2006

2007

2006

2007

䋱䋱Sales Figures by Main Business䋨Components & Special Steels䋩
Steels䋩䋨unit䋺100mil Yen)

FY 2007㪊㪊㪌㪊㪈㪊

㪊㪉㪇㪊㪉㪋㪈㪎㪍㪈㪐㪌㪈㪏㪎 㪈㪏㪌

Special Steels& OtherBearings

HydraulicEquipment

1st

2nd 1stHalf2006

㪎㪇

㪍㪏㪎㪇

㪎㪊

1st

2nd

1st

2nd

1st

2nd 1st

Half

Half

Half

Half

Half

2007

2006

2007

2006

2007

2nd2nd䋱䋲Prospects by Business Segments (Operating & Sales Profit )FY 2007䋨 unit䋺100 mil Yen 䋩Sales

Reviewed Plan
Fiscal 2007(B)Cutting Tools

䋳䋱䋳䋳䋲䋰㩿 䋫䋲㪅䋲㩼㪀㩷 䋫䋶

Machine Tools

䋱䋹䋲䋱䋸䋵㩿 䂦䋴㪅䋱㩼㪀Ros䋱䋸䋱䋱䋷䋰㩿 䂦䋶㪅䋱㩼㪀㩷㩷 䂦䋱䋱Tol䋶䋸䋷䋶䋷䋵㩿 䂦䋱㪅䋸㩼㪀㩷 䂦䋱䋲䋶䋰㩿䂦䋱䋱㪅䋳㩼㪀Business

Sales

Tools & Machining Components

Performance
Fiscal 2006(A)otta

Profits

䋨䋹.䋸%䋩

䋶䋷

䋨䋸.䋹%䋩

(B)䋭(A)䂦䋸䂦䋷

B e a r i n g s䋶䋳䋴䋶䋶䋰㩿㩷㩷䋫䋴㪅䋰㩼㪀㩷㩷㩷㩷䋫䋲䋵

Hydraulic Equipment䋳䋶䋳䋳䋸䋰㩿䋫䋴㪅䋶㩼㪀㩷㩷㩷㩷䋫䋱䋶T䋹䋹䋷

䋱,䋰䋴䋰㩿 䋫䋴㪅䋲㩼㪀㩷㩷㩷㩷䋫䋴䋲oBusinesstal

Profits

䋨䋸.䋲%䋩

䋸䋲

䋨䋹.䋱%䋩

䋹䋵㩿䋫䋱䋵㪅䋸㩼㪀㩷 䋫䋱䋳

Sales

Materials etcSpecial Steels䋱䋳䋹䋱䋴䋴㩿 䋫䋳㪅䋵㩼㪀㩷㩷㩷 䋫䋵Other䋴䋳䋲䋱㩿䂦䋵䋱㪅䋲㩼㪀㩷㩷 䂦䋲䋲Total䋱䋸䋲䋱䋶䋵㩿 䂦䋹㪅䋴㩼㪀㩷䂦䋱䋷䋱䋰㩿䋫䋱㪅䋸㫋㫀㫄㪼㫊㪀䋫䋴BusinessGrossb

Changes (%)

SalesProfits

䋨䋳.䋰%䋩

䋵

䋨䋶.䋱%䋩

Figures䋱㪃䋸䋶䋷䋱㪃䋸䋸䋰

Gross Business Profits䋨䋸.䋳%䋩 䋱䋵䋵

䋨䋸.䋸%䋩 䋱䋶䋵㩿 䋫䋰㪅䋷㩼㪀㩷 䋫䋱䋳㩿䋫䋶㪅䋱㩼㪀㩷 䋫䋱䋰 䋱䋳

FY 2007

Summaries by geographical locations
䂾Sales䋨 unit䋺 100 mil Yen 䋩䂾Sales Profit

䋨 unit䋺 100 mil Yen 䋩㪝㫀㫊㪺㪸㫃㩷㪉㪇㪇㪎㩿㪙㪀㪩㪼㫍㫀㪼㫎㪼㪻㩷㪧㫃㪸㫅

Changes䋨B䋩-䋨A䋩㪝㫀㫊㪺㪸㫃㩷㪉㪇㪇㪍㩿㪘㪀㪧㪼㫉㪽㫆㫉㫄㪸㫅㪺㪼㪝㫀㫊㪺㪸㫃㩷㪉㪇㪇㪎㩿㪙㪀㪩㪼㫍㫀㪼㫎㪼㪻㩷㪧㫃㪸㫅

Changes䋨B䋩-䋨A䋩

Unconsolidated

䋱,䋵䋴䋷䋱,䋵䋵䋰䋫䋳䋱䋱䋷䋱䋲䋲䋫䋴Sales䋲䋳䋹

䋳䋲䋴䋫䋸䋵䋹䋱䋲䋫䋳production䋳䋴䋹䋳䋳䋲䂦䋱䋷䋱䋲䋱䋶䋫䋴

Domestic䋵䋸䋹䋶䋴䋶䋫䋵䋸䋲䋱䋲䋸䋫䋷

Americas䋲䋳䋸䋲䋵䋵䋫䋱䋷䋱䋹䋲䋱䋫䋲Europe䋹䋴䋱䋰䋷䋫䋱䋳䋰䋲䋫䋲Asia䋱䋲䋶䋱䋴䋴䋫䋱䋸䋴䋶䋫䋲Oversea䋴䋵䋹䋵䋰䋷䋫䋴䋸䋲䋳䋲䋹

䋫䋶

Total

䋱,䋰䋴䋷䋱,䋱䋵䋴䋫䋱䋰䋶䋴䋴䋵䋷䋫䋱䋳

Subtotal䋲,䋵䋹䋴䋲,䋷䋰䋴䋫䋱䋱䋰䋱䋶䋱䋱䋷䋹䋫䋱䋷

Adjustment䂦䋷䋲䋷䂦䋸䋲䋴䂦䋹䋷䂦䋶䂦䋱䋴䂦䋸

Consolidated NetSales䋱,䋸䋶䋷䋱䋬䋸䋸䋰䋫䋱䋳䋱䋵䋵䋱䋶䋵䋫䋱䋰㫊㫌㪹㫊㫀㪻㫀㪸㫉㫀㪼㫊㪝㫀㫊㪺㪸㫃㩷㪉㪇㪇㪍㩿㪘㪀㪧㪼㫉㪽㫆㫉㫄㪸㫅㪺㪼䋱䋴

Factors in Increase and Decrease of Business Profit㪈㪇㪇㩷㫄㫀㫃㫃㫀㫆㫅㩷㪰㪼㫅䋲䋰䋰

Increase

FY 2007

in Sales and Production䋫䋹Increase in Materials Costs䂦䋱䋳

Cost Reduction

䋱䋸䋰Sales Prise Increase
Withdrawal

from Housing Business
Exchange-rate䋱䋶䋰䋫䋱䋹

Increase in Fixed Costs
䂦䋲䋴䋫䋷䋫䋵

䋫䋱billion yen䋫䋷

Influence䋱䋶䋵䋱䋴䋰䌾䌾䋰䋱䋵䋵
PerformanceProjection䋲䋰䋰䋶䋲䋰䋰䋷䋱䋵㪦㫌㫋㫃㫆㫆㫂㩷㪽㫆㫉㩷㪉㪇㪇㪏㩷㪸㫅㪻㩷㪙㪼㫐㫆㫅㪻㩷㪧㪸㫉㫋㩷㪉㪈㪅㩷㪤㫀㪻㫋㪼㫉㫄㩷㪧㪼㫉㪽㫆㫉㫄㪸㫅㪺㪼㩷䋱䋷㪉㪅㩷㪝㫌㫋㫌㫉㪼㩷㪦㫌㫋㫃㫆㫆㫂㩷㪸㫅㪻㩷㪪㫋㪸㫅㪺㪼㩷䋱䋸㪊㪅㩷㪙㫌㫊㫀㫅㪼㫊㫊㩷㪪㫋㫉㪸㫋㪼㪾㫀㪼㫊㩷䋱䋹 㫋㫆㩷䋲䋳䋱䋶䋱䋮㪤㪼㪻㫀㫌㫄㪄㪫㪼㫉㫄㩷㪧㫉㫆㪽㫀㫋㩷㪫㪸㫉㪾㪼㫋㪙㫌㫊㫀㫅㪼㫊㫊㩷㫇㫉㫆㪽㫀㫋㪪㪸㫃㪼㫊㩿㪈㪇㪇㩷㫄㫀㫃㫃㫀㫆㫅㩷㪰㪼㫅㪀㩿㪈㪇㪇㩷㫄㫀㫃㫃㫀㫆㫅㩷㪰㪼㫅㪀㪉㪌㪇༡ᬺ೑⋉₸Rate of BusinessProfit㪪㪸㫃㪼㫊ᄁ਄㜞㪙㫌㫊㫀㫅㪼㫊㫊㩷㪧㫉㫆㪽㫀㫋༡ᬺ೑⋉㪈㪇㩼㪉㪃㪇㪇㪇㪈㪃㪌㪇㪇㪈㪃㪎㪍㪇㪈㪃㪋㪎㪉㪈㪃㪊㪊㪐㪈㪃㪋㪍㪍㪊㪋㪉㪅㪊㩼㪇㪉㪇㪇㪈㩿㪰㪼㫅㪀㪇㪈㪌㪇㪈㪇㪇㪌㪇㪇㪉㪇㪇㪉㪉㪇㪇㪊㪉㪇㪇㪋㪉㪇㪇㪌㪉㪇㪇㪍㪉㪇㪇㪎㪎㪏㪏㪉㪇㪈㪇ᐕ㫛㪈㪇㪸㫅㪻㩷㪸㪹㫆㫍㪼㪈㪇౞એ਄㪈㪇㪌㪉㪇㪇㪈㪍㪌㪏㪅㪏㩼㪈㪌㪌㪏㪅㪊㩼㪈㪊㪉㪎㪅㪌㩼㪈㪇㪇㪍㪅㪊㩼㪎㪍㪌㪅㪉㩼㪊㪏㪉㪅㪐㩼㪈㪃㪏㪏㪇㪈㪃㪌㪏㪏㪈㪃㪇㪇㪇㪌㪇㪇㪈㪃㪏㪍㪎㪌㪊㪊㪊䋱䋷㪉㪅㩷㪝㫌㫋㫌㫉㪼㩷㪦㫌㫋㫃㫆㫆㫂㩷㪸㫅㪻㩷㪪㫋㪸㫅㪺㪼㪈㪇㪇㩷㫄㫀㫃㫃㫀㫆㫅㩷㫐㪼㫅㪙㫉㪼㪸㫂㪻㫆㫎㫅㩷㫆㪽㩷㪥㪼㫋㩷㪪㪸㫃㪼㫊㩷㪽㫆㫉㩷㪜㪸㪺㪿㩷㪤㪸㫉㫂㪼㫋㪙㫉㪼㪸㫂㪻㫆㫎㫅㩷㫆㪽㩷㪥㪼㫋㩷㪪㪸㫃㪼㫊㩷㪽㫆㫉㩷㪜㪸㪺㪿㩷㪤㪸㫉㫂㪼㫋㪉㪃㪇㪇㪇䋱㪃䋸䋶䋷 㪈㪏㪏㩷㪹㫀㫃㫃㫀㫆㫅㩷㫐㪼㫅䋱㪃䋷䋶䋰䋱㪃䋵䋸䋸㪈㪃㪌㪇㪇㪈㪃㪇㪇㪇㪌㪇㪇䋱㪃䋴䋶䋶㪎㪍㪐㪌㪉㩼㪐㪉㪏㪌㪇㩼㪊㪌㪉㪉㪉㩼㪋㪊㪇㪉㪋㩼㪏㪏㪏㪇㪎㪎㪎㪍㪊㪋㪉㪊㪌㪇㪊㪎㪇㪊㪎㪌㪊㪎㪇㪉㪇㪇㪊㪉㪇㪇㪋㪉㪇㪇㪌㪉㪇㪇㪍㪉㪇㪇㪎㪊㪇㪍㪉㪈㩼㪋㪍㩼㪓㪠㫅㪻㫌㫊㫋㫉㫀㪸㫃㩷㪤㪸㪺㪿㫀㫅㪼㫉㫐㪕 㪊㪉㩼㪌㪈㪏䊶 㪚㫆㫅㫋㫀㫅㫌㪼㪻㩷㪾㫉㫆㫎㫋㪿㩷㫀㫅㩷㪉㪏㩼 㪺㫆㫅㫊㫋㫉㫌㪺㫋㫀㫆㫅㩷㪸㫅㪻㩷㪋㪏㪎㪉㪍㩼㪋㪐㪇㪎㪐㪏㪌㪇㩼㪏㪏㪇㪌㪇㩼㪓㪘㫌㫋㫆㫄㫆㫋㫀㫍㪼㪕䊶 㪮㫆㫉㫃㪻㫎㫀㪻㪼㩷㪐㪈㪍 㫇㫉㫆㪻㫌㪺㫋㫀㫆㫅㩷㫀㫊㩷㫊㫋㪼㪸㪻㫐䊶㪚㪸㫇㫀㫋㪸㫃㩷㫀㫅㫍㪼㫊㫋㫄㪼㫅㫋㩷㪋㪐㩼㪫㪼㫄㫇㫆㫉㪸㫉㫐㩷㫃㫌㫃㫃㩷㸢㪩㪼㪄㪼㫏㫇㪸㫅㫊㫀㫆㫅㪸㪼㫉㫆㫊㫇㪸㪺㪼㩷㪼㫈㫌㫀㫇㫄㪼㫅㫋㪜㫃㪼㪺㫋㫉㫀㪺㩷㪸㫅㪻㩷㪼㫃㪼㪺㫋㫉㫆㫅㫀㪺㫊㪩㪼㫋㪸㫀㫃㩷㪼㫋㪺㪅㪉㪇㪈㪇䋱䋸㪊㪅㩷㪪㫋㫉㪸㫋㪼㪾㫀㪼㫊㩷㪽㫆㫉㩷㪠㫅㪺㫉㪼㪸㫊㪼㪻㩷㪧㫉㫆㪽㫀㫋㩷㪽㫆㫉㩷㪉㪇㪇㪏㩷㪸㫅㪻㩷㪙㪼㫐㫆㫅㪻㪜㫏㫇㪸㫅㫊㫀㫆㫅㩷㫆㪽㩷㪧㫉㫆㪻㫌㪺㫋㫊㩷㫎㫀㫋㪿㩷㪸㩷㪚㫆㫄㫇㪼㫋㫀㫋㫀㫍㪼㩷㪘㪻㫍㪸㫅㫋㪸㪾㪼㩷䂾 㪠㫅㪺㫉㪼㪸㫊㫀㫅㪾㩷㫇㫉㫆㪻㫌㪺㫋㫀㫆㫅㩷㪺㪸㫇㪸㪺㫀㫋㫐㩷㪸㫅㪻㩷㫇㫉㫆㪻㫌㪺㫋㫀㫍㫀㫋㫐㪠㫅㫋㫉㫆㪻㫌㪺㫋㫀㫆㫅㩷㫆㪽㩷㪥㪼㫎㩷㪧㫉㫆㪻㫌㪺㫋㫊㩷㫋㫆㩷㫋㪿㪼㩷㪤㪸㫉㫂㪼㫋䂾 㪧㫌㫉㫊㫌㪼㩷㪻㪼㫍㪼㫃㫆㫇㫄㪼㫅㫋㩷㫆㪽㩷㫅㪼㫎㩷㫇㫉㫆㪻㫌㪺㫋㫊㩷㫎㫀㫋㪿㫊㫇㪼㪺㫀㪸㫃㫀㫑㪼㪻㩷㪽㪼㪸㫋㫌㫉㪼㫊㪝㫆㫊㫋㪼㫉㫀㫅㪾㩷㪥㪼㫎㩷㪙㫌㫊㫀㫅㪼㫊㫊㩷䂾 㪧㫉㫆㫄㫆㫋㫀㫅㪾㩷㪼㫅㪾㫀㫅㪼㪼㫉㫀㫅㪾㩷㪹㫌㫊㫀㫅㪼㫊㫊㪓㪢㪼㫐㫎㫆㫉㪻㫊㪕㩿㪈㪀 㪣㪼㫍㪼㫉㪸㪾㫀㫅㪾㩷㫊㫋㫉㪼㫅㪾㫋㪿㫊㩷㫆㪽㩷㪺㫆㫄㪹㫀㫅㪸㫋㫀㫆㫅㫊㩷㪸㫅㪻㩷㪺㫆㫅㫅㪼㪺㫋㫀㫆㫅㫊㩿㪉㪀 㪠㫅㫍㪼㫊㫋㫀㫅㪾㩷㫀㫅㩷㫋㪿㪼㩷㪝㫌㫋㫌㫉㪼㩿㪊㪀 㪝㫆㫊㫋㪼㫉㫀㫅㪾㩷㪘㫃㫃㫀㪸㫅㪺㪼㫊䋱䋹㪪㫋㫉㪼㫅㪾㫋㪿㪼㫅㫀㫅㪾㩷㫋㪿㪼㩷㪧㫉㫆㪻㫌㪺㫋㫀㫆㫅㩷㪪㫐㫊㫋㪼㫄㩷㪽㫆㫉㩷㪧㫉㫆㪻㫌㪺㫋㫊㩷㫎㫀㫋㪿㩷㪧㫉㫀㫄㪸㫉㫐㩷㪚㫆㫄㫇㪼㫋㫀㫋㫀㫍㪼㩷㪘㪻㫍㪸㫅㫋㪸㪾㪼㫊㪧㫉㫆㪸㪺㫋㫀㫍㪼㩷㪠㫅㫍㪼㫊㫋㫄㪼㫅㫋㩷㫀㫅㩷㪧㫉㫆㪻㫌㪺㫋㫊㩷㫎㫀㫋㪿㩷㪧㫉㫀㫄㪸㫉㫐㩷㪚㫆㫄㫇㪼㫋㫀㫋㫀㫍㪼㩷㪘㪻㫍㪸㫅㫋㪸㪾㪼㫊㩿㪈㪀 㪫㪸㫉㪾㪼㫋㫀㫅㪾㩷㪠㫅㪻㫌㫊㫋㫉㫀㪸㫃㩷㪤㪸㪺㪿㫀㫅㪼㫉㫐䊶㪟㫐㪻㫉㪸㫌㫃㫀㪺㩷㪼㫈㫌㫀㫇㫄㪼㫅㫋㩷㪽㫆㫉㩷㪺㫆㫅㫊㫋㫉㫌㪺㫋㫀㫆㫅㩷㫄㪸㪺㪿㫀㫅㪼㫉㫐㩷䊶㪧㫉㪼㪺㫀㫊㫀㫆㫅㩷㪹㪼㪸㫉㫀㫅㪾㫊㩷㪽㫆㫉㩷㫄㪸㪺㪿㫀㫅㪼㩷㫋㫆㫆㫃㫊㪃㩷㫇㫉㫀㫅㫋㫀㫅㪾 㫄㪸㪺㪿㫀㫅㪼㫊㪃㩷㪸㫅㪻㩷㫊㫇㪼㪼㪻㩷㫉㪼㪻㫌㪺㪼㫉㫊㩷䊶㪧㫉㪼㪺㫀㫊㫀㫆㫅㩷㫋㫆㫆㫃㫊㩷㪽㫆㫉㩷㪸㪼㫉㫆㫊㫇㪸㪺㪼㩷㫄㪸㪺㪿㫀㫅㪼㫉㫐㩷㪸㫅㪻㩷㪾㪼㫅㪼㫉㪸㫋㫆㫉㫊㩿㪉㪀 㪫㪸㫉㪾㪼㫋㫀㫅㪾㩷㪘㫌㫋㫆㫄㫆㫋㫀㫍㪼㩷㪠㫅㪻㫌㫊㫋㫉㫀㪼㫊䊶 㪘㫌㫋㫆㫄㫆㫋㫀㫍㪼㩷㫊㫆㫃㪼㫅㫆㫀㪻㩷㫍㪸㫃㫍㪼㫊䊶 㪙㪼㪸㫉㫀㫅㪾㫊㩷㪽㫆㫉㩷㪚㪅㪭㪅㪡㪅䊶㪞㪼㪸㫉㩷㪺㫌㫋㫋㫀㫅㪾㩷㫋㫆㫆㫃㫊㩷㪽㫆㫉㩷㫋㫉㪸㫅㫊㫄㫀㫊㫊㫀㫆㫅㫊㩷䋲䋰㪙㫆㫃㫊㫋㪼㫉㫀㫅㪾㩷㫋㪿㪼㩷㪩㩷㩽㩷㪛㩷㪪㫐㫊㫋㪼㫄㩷㪛㪼㫍㪼㫃㫆㫇㫄㪼㫅㫋㩷㫆㪽㩷㫅㪼㫎㩷㫇㫉㫆㪻㫌㪺㫋㫊㩷㪸㫅㪻㩷㫋㪼㪺㪿㫅㫆㫃㫆㪾㫀㪼㫊㩷㫀㫅㪄㪿㫆㫌㫊㪼㩷㫋㪿㪸㫋㩷㪽㫆㫊㫋㪼㫉㩷㪺㫆㫄㪹㫀㫅㪼㪻㩷㪸㫅㪻㩷㪺㫆㫅㫅㪼㪺㫋㪼㪻㩷㪹㫌㫊㫀㫅㪼㫊㫊㪼㫊㩷㩿㪈㪀 㪥㪼㫎㫃㫐㩷㪚㫉㪼㪸㫋㪼㪻㩷㪩㩷㩽㩷㪛㩷㪤㪸㫋㪼㫉㫀㪸㫃㫊䊶 㪚㫆㫄㪹㫀㫅㪼㪻㩷㫅㪼㫎㩷㫇㫉㫆㪻㫌㪺㫋㫊㩷㫋㪿㪸㫋㩷㫌㫋㫀㫃㫀㫑㪼㩷㫄㪸㫋㪼㫉㫀㪸㫃㫊㩷㪸㫅㪻㩷㪿㪼㪸㫋㩷㫋㫉㪼㪸㫋㫄㪼㫅㫋㩷㫋㪼㪺㪿㫅㫆㫃㫆㪾㫀㪼㫊㪫㪿㫀㫅㩷㫇㫃㪸㫋㪼㫊㩷㫆㪽㩷㫄㪸㪾㫅㪼㫊㫀㫌㫄㩷㪸㫅㪻㩷㫇㫉㫆㪻㫌㪺㫋㫊㩷㪽㫉㫆㫄㩷㫇㫉㪼㫊㫊㪼㫊㩷㩿㫀㫅㩷㪺㫆㫆㫇㪼㫉㪸㫋㫀㫆㫅㩷㫎㫀㫋㪿㩷㪪㪸㫅㫂㫐㫆㩷㪫㪸㫋㪼㫐㪸㫄㪸㩷㪘㫃㫌㫄㫀㫅㫌㫄㪃㩷㪠㫅㪺㪅㪀㩷㪥㪼㫎㫃㫐㩷㪻㪼㫍㪼㫃㫆㫇㪼㪻㩷㫊㫋㪸㫀㫅㫃㪼㫊㫊㩷㫎㫀㫉㫀㫅㪾㩷㩿㫀㫅㩷㪺㫆㫆㫇㪼㫉㪸㫋㫀㫆㫅㩷㫎㫀㫋㪿㩷㪫㫆㪿㫆㫂㫌㩷㪬㫅㫀㫍㪼㫉㫊㫀㫋㫐㪀㩷㩿㪉㪀 㪧㫉㫆㫄㫆㫋㫀㫅㪾㩷㪛㪼㫍㪼㫃㫆㫇㫄㪼㫅㫋㩷㫆㪽㩷㪧㫉㫆㪻㫌㪺㫋㫀㫆㫅㩷㪫㪼㪺㪿㫅㫆㫃㫆㪾㫀㪼㫊䊶 㪛㪼㫍㪼㫃㫆㫇㫄㪼㫅㫋㩷㫆㪽㩷㫀㫅㪄㪿㫆㫌㫊㪼㩷㪼㫈㫌㫀㫇㫄㪼㫅㫋㩷㪸㫅㪻㩷㫇㫉㫆㪺㪼㫊㫊㫀㫅㪾㩷㫋㪼㪺㪿㫅㫆㫃㫆㪾㫀㪼㫊㪃㩷㫊㫌㪺㪿㩷㪸㫊㩷㫅㪼㫎㩷㫉㫆㪹㫆㫋㫊㪃㩷㫄㪸㪺㪿㫀㫅㪼㩷㫋㫆㫆㫃㫊㪃㩷㪸㫅㪻㩷㪿㪼㪸㫋㩷㫋㫉㪼㪸㫋㫄㪼㫅㫋㩷㪻㪼㫍㫀㪺㪼㫊㪃㩷㪸㫀㫄㪼㪻㩷㪸㫋㩷㫀㫄㫇㫉㫆㫍㫀㫅㪾㩷㫋㪿㪼㩷㫇㫉㫆㪻㫌㪺㫋㫀㫍㫀㫋㫐㩷㪸㫅㪻㩷㫈㫌㪸㫃㫀㫋㫐㩷㫆㪽㩷㫇㫉㫆㪻㫌㪺㫋㫊㩷㫎㫀㫋㪿㫇㫉㫀㫄㪸㫉㫐㩷㪺㫆㫄㫇㪼㫋㫀㫋㫀㫍㪼㩷㪸㪻㫍㪸㫅㫋㪸㪾㪼㫊㩷䋲䋱㪛㪼㫍㪼㫃㫆㫇㫀㫅㪾㩷㪜㫅㪾㫀㫅㪼㪼㫉㫀㫅㪾㩷㪙㫌㫊㫀㫅㪼㫊㫊㪛㪼㫍㪼㫃㫆㫇㫀㫅㪾㩷㪼㫅㪾㫀㫅㪼㪼㫉㫀㫅㪾㩷㪸㫊㩷㪸㩷㪺㫆㫉㪼㩷㪹㫌㫊㫀㫅㪼㫊㫊㩷㪹㫐㩷㫇㫉㫆㫄㫆㫋㫀㫅㪾㩷㪼㫅㪾㫀㫅㪼㪼㫉㫀㫅㪾㩷㫊㪼㫉㫍㫀㪺㪼㩷㫊㫐㫊㫋㪼㫄㫊㩷㪹㫆㫋㪿㩷㪻㫆㫄㪼㫊㫋㫀㪺㪸㫃㫃㫐㩷㪸㫅㪻㩷㫆㫍㪼㫉㫊㪼㪸㫊㪅㩿㪈㪀㩷㪜㫊㫋㪸㪹㫃㫀㫊㪿㩷㪥㪘㪚㪟㪠㩷㪜㫅㪾㫀㫅㪼㪼㫉㫀㫅㪾䊶 㪜㫏㫇㪸㫅㪻㫀㫅㪾㩷㪺㫆㫄㪹㫀㫅㪼㪻㩷㪼㫅㪾㫀㫅㪼㪼㫉㫀㫅㪾㩷㪽㫆㫉㩷㫉㪼㫊㪿㪸㫉㫇㪼㫅㫀㫅㪾 㪸㫅㪻㩷㫉㪼㪺㫆㪸㫋㫀㫅㪾㩷㫋㫆㫆㫃㫊㪃㩷㫉㫆㪹㫆㫋㫊㪃㩷㫄㪸㪺㪿㫀㫅㪼㩷㫋㫆㫆㫃㫊㪃㩷㪿㪼㪸㫋㩷㫋㫉㪼㪸㫋㫄㪼㫅㫋㩷㪼㫈㫌㫀㫇㫄㪼㫅㫋㪃㩷㪹㪼㪸㫉㫀㫅㪾㫊㪃㩷㪿㫐㪻㫉㪸㫌㫃㫀㪺㩷㪼㫈㫌㫀㫇㫄㪼㫅㫋㩷㪸㫅㪻㩷㫊㫇㪼㪺㫀㪸㫃㫋㫐㩷㫊㫋㪼㪼㫃㫊㩷㩿㪉㪀㩷㪜㫏㫇㪸㫅㪻㫀㫅㪾㩷㫀㫅㩷㫋㪿㪼㩷㪞㫃㫆㪹㪸㫃㩷㪤㪸㫉㫂㪼㫋㩷㪥㪘㪚㪟㪠㩷㪧㫉㪼㪺㫀㫊㫀㫆㫅㩷㪥㫆㫉㫋㪿㩷㪚㪸㫉㫆㫃㫀㫅㪸㪥㪘㪚㪟㪠㩷㩿㪪㪿㪸㫅㪾㪿㪸㫀㪀㩷㪧㫉㪼㪺㫀㫊㫀㫆㫅㩷㪫㫆㫆㫃㫊㩷㪚㫆㪅㪃㩷㪣㫋㪻㪅䋲䋲

䋴䋮Management Goals㪝㫀㫊㪺㪸㫃㩷㪉㪇㪇㪊 㪝㫀㫊㪺㪸㫃㪉㪇㪇㪍㪧㪼㫉㪽㫆㫉㫄㪸㫅㪺㪼 㪧㪼㫉㪽㫆㫉㫄㪸㫅㪺㪼㪙㫌㫊㫀㫅㪼㫊㫊㩷㪝㫀㫊㪺㪸㫃㪉㪇㪇㪎㪧㫉㫆㫁㪼㪺㫋㫀㫆㫅㪝㫀㫊㪺㪸㫃㪉㪇㪈㪇㪫㪸㫉㪾㪼㫋䋷㪅䋶䋱䋵㪅䋵䋱䋶㪅䋵䋵䋮䋲䋦䋸䋮䋳䋦䋸䋮䋸䋦㪈㪇㩼㩷㪪㪺㪸㫃㪼䋳䋸䋸㫛㪈㪇㪘㫅㪻㩷㪸㪹㫆㫍㪼䋲䋮䋴䋦䋳䋮䋷䋦䋳䋮䋳䋦㪊㩼㩷㫊㪺㪸㫃㪼㪧㫉㫆㪽㫀㫋㩿㪹㫀㫃㫃㫀㫆㫅㩷㪰㪼㫅㪀㪩㪸㫋㪼㩷㫆㪽㩷㪙㫌㫊㫀㫅㪼㫊㫊㩷㪧㫉㫆㪽㫀㫋㪛㫀㫍㫀㪻㪼㫅㪻㪆㫊㪿㪸㫉㪼㩿㪰㪼㫅㪀䌄䌏䌅䋲䋳㪿䌴䌴䌰㪑㪆㪆㫎㫎㫎㪅㫅㪸㪺㪿㫀㪄㪽㫌㫁㫀㫂㫆㫊㪿㫀㪅㪺㫆㪅㫁㫇㪆All the future business outlook and business plans in this presentation are premised onrecent economic circumstances and business policy settled currently.
Therefore, please keep in mind that the actual business performance could be differed by plural fluctuating
parameters such as seesawing demand change or currency exchange rate.