Now let's look into the specifics.
First, let's look at the machined components business, which is our core area.
We shut down the Skegness Plant in the U.K.
We also recently took over myonic, which will be described in further detail later on.
In the area of rod end bearings we started to see a slowdown in the aerospace industry. We are also facing other problems such as a delay in the development of the Boeing 787. I believe that we should just stay focused on preparing ourselves for future developments in this business segment, so we will make investments in promising aircraft components as initially planned.
As for pivot assemblies, the hard disk drive market has been undergoing a gradual recovery and we started to see robust sales in April. This product category is expected to contribute to increasing profitability.
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