I. Consolidated Results

 Sales by product are as shown in this slide.
 Sales of automotive bearings remained healthy. However, sales of miniature and small-sized bearings, which are our core-products in our bearings segment, decreased especially in Japan, so that total bearings sales decreased 1.9% compared to the same period last year.
 As for automotive components, sales of EPS systems grew both in Japan and Europe. However, the decrease in domestic sales of seatbelts and steering columns, and the aforementioned sale of our U.S. seatbelt subsidiary last year resulted in an overall 3.5% decrease compared to the same period last year.
Sales of precision machinery and parts dropped substantially, by 26.1%, as sales to the semiconductor production equipment sector both in Japan and the U.S. fell sharply.