I. Consolidated Results

 This slide shows the details of our non-operating and extraordinary income and losses.
 As for our non-operating income and expenses, our net of interest expenses and interest income and dividend income has improved by 1.4 billion yen compared to the same period last year. This is the result of the reduction of interest bearing debts and the refinancing of 30 billion yen worth of high-interest rate corporate bonds with lower-interest rate bonds and commercial paper performed last  December, resulting in a decrease in 1 billion yen worth of interest paid by the parent company. The reduction in equity in earnings of affiliated companies was caused by the decrease in profits from NSK-Warner K.K. and Amatsuji Steel Ball Mfg. Co., Ltd.
 9.3 billion yen from the sale of the former Tamagawa plant site and 0.2 billion yen in proceeds from the sales of investment securities following the termination of cross-holdings of stocks were appropriated as extraordinary income, while 1.8 billion yen was appropriated as extraordinary losses due to the devaluation of investment securities following the drop in stock prices.