Before finishing, I would like to briefly introduce one example of our successful new market development efforts.
Minebea has been focusing on innovation as a way to increase corporate value. As explained in our mid-term business plan implemented this fiscal year, one of the necessary innovations is to expand our business by introducing existing products to new markets and expanding into new applications.
I would like to explain one of our new business developments for this fiscal year involving Nintendo's home gaming console, Wii. Four of Minebea's strain gage force sensors are used in every Balance Wii Board controller packaged with Wii Fit. This very popular Wii software package which seeks to integrate health and entertainment under the theme of health was released for sale in December 2007.
Net sales of the measuring components business from the first quarter to the third of this fiscal year are 7.5 billion yen, up 26% compared to the same period last year mainly due to this new business development.
As shown by this example, Minebea will keep an eye on changing needs in the marketplace and expand our business into new areas by utilizing our existing technology.
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