I. Consolidated Results

 Finally, looking at our consolidated cash flow:

 Ordinary loss was 3.2 billion yen, but depreciation worth 27.5 billon yen, the decrease of accounts receivable and accounts payable totaling 15.1 billion yen, decrease in inventories of 10.3 billion yen brought about an inflow of cash, so that cash flow provided by operating activities after deduction of corporate taxes worth 9.4 billion yen amounted to an increase of 30.3 billion yen.

 The sale of fixed assets, such as the former Tamagawa Plant site, provided cash of 11 billion yen. However, capital expenditure was 42.4 billion yen, so that total cash flow used for capital investment amounted to 34.3 billion yen.

 Free cash flow used through operating activities and investing activities exceeded 4 billion yen.

 As a result of the increase in interest-bearing debts both in Japan and overseas, explained earlier in this presentation, cash flow provided by financing activities amounted to 12.9 billion yen.

  Therefore, total cash flow increased by 9.8 billion yen at the end of the term.

  This concludes the explanation of our consolidated financial results for the year ended March 31, 2002.