【テロップ】
※各テロップ文字をクリックすると該当の場所がピンポイントで閲覧できます。
※各テロップ文字をクリックすると該当の場所がピンポイントで閲覧できます。
【ノート】
This is the waterfall chart for changes in key elements contributing to operating income from FY2017 to our FY2018 forecasts, also using the same structure as applied previously.
Operating income in FY2017 was ￥86.3 billion. We have factored in a forex impact of negative ￥5 billion. We project the increase in added value on the back of higher sales in IAB and HCB to be ￥20.9 billion. However, we intend to continue to invest for future growth which will lead to increases in SG&A and R&D expenses. As such, we forecast operating income for FY2018 of ￥83 billion.
We will continue to invest for longer-term growth, but on a more selective basis.
Next slide please.