Financial Conference for the Results
of the First Half of Fiscal 2005

Inventories and Interest Bearing Debts

Inventories

• Higher sales resulted increased inventories.
• Turnover will be improved in the 2nd half of FY 2005 by improving the inventory efficiency.

Interest Bearing Debts

• Interest-bearing debts will be reduced in the 2nd half of FY 2005, and the financial structure will be improved.

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