【テロップ】
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【ノート】
On slide 12, we show our targets for FY2018.
On the back of a deteriorating operating environment, we have revised down our forecasts. Similar to our results in H1, we expect sales and gross profits to be up Y/Y. However, we will continue to invest, albeit more selectively; as such, we expect operating income to decline Y/Y.
We project net sales of ￥880 billion, gross profit of ￥367.5 billion, operating income of ￥83 billion and net income of ￥58.5 billion. We expect the GP margin to be 41.8%, up 0.2%-points.
Next slide please.