【テロップ】
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【ノート】
This is the waterfall chart for changes in key elements contributing to operating income from FY2017 to our FY2018 target, using the same structure we applied previously to analyzing operating income changes in FY2017.
FY2018 is the second year of VG2.0. We believe our continued focus on improving our profit-generating capability will allow us to further grow added value. We will promote and accelerate the virtuous cycle using the increase in profits to boost the pace of growth through proactive investments in FY2018. I believe firmly that our ability to generate profits continues to improve, so I expect we will be able to continue to grow profits despite a proactive investment plan.
Next slide please.