H1 sales were ¥330.2bn, gross profit was ¥148.8bn, operating income was ¥25.7bn and net income was ¥19.1bn.
We did our utmost to leverage the strengths of OMRON’s business portfolio in H1 but unfortunately, the operating environment remained extremely tough for IAB and EMC. As a result, we reported Y/Y declines to sales and earnings.
However, I highlight our GP margin. As noted at the outset, we were able to maintain our GP margin in line with last fiscal year’s high level of 45%. If we exclude the impact of the higher yen, our GP margin improved by 0.5% pts Y/Y.
Next slide please.