【テロップ】
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【ノート】
This shows the quarterly trend in inventory levels in value terms from the end of the previous fiscal year.
On the back of fluctuations in sales and seasonal factors, inventory levels as of the end of December were temporarily elevated. However, by the end of the current fiscal year, we expect inventory to decline to levels in line with the end of March 2018.
Inventory reserves, which had risen at the end of September, fell slightly at the end of December. We expect further declines into the end of the fiscal year.