Sharp performance for the first half of the year progressed satisfactorily. However, due to a rising uncertainty in the world economy owing to factors like the economic slowdown in the US and China and a sharp rise in crude oil prices, we may have to consider decreasing demand for the coming months. Consequently we keep our initial projections for the entire fiscal 2004 unchanged at this moment: net sales of 2,530.0 billion yen, up 12.1% over the same period last year, operating income of 150.0 billion yen, up 23.3%, and net income of 75.0 billion yen, up 23.5 %. Our fiscal 2004 plan includes capital investment of 220.0 billion yen, down 2.2% from the same period last year, depreciation and amortization of 174.0 billion yen, up 8.9%, and R&D expenditures of 177.0 billion yen, up 8.6%. We estimate that exchange rates for the second half will be 108 yen to the U.S. dollar and 130 yen to the euro.