Review of Structural Reform

As a result, in the FY2010/3, the ratio of operating income before restructureing charges and other charges to consolidated revenue improved 1.8 percentage points compared with the previous fiscal year, to 4.7%. Turning to the FY2011/3, this ratio again increased 2.9 percentage points year on year, to 7.6%. Furthermore, the Group expanded its business in emerging countries by launching products that exclusively meet regional needs while bolstering our sales network. Moving forward, we will continue to channel management resources into emerging countries and priority business fields.