We are feeling a very strong response for the 2Q as well, but due to the current exchange rate fluctuations, we would like to ask for more time to make a decision on the forecast for the 2Q onward.
Operating income tripled year on year. As I explained in the financial results presentation in May, this is due to the recovery in sales of high-mix, low-volume, high-end parts, and machined products such as high value-added bearings and high-end motors.
Over the past two days, the Japanese yen has appreciated by almost 10 yen. The exchange rate today, August 2, 2024, though it varies depending on the time, will be 149 to 150 yen against the 1Q result of 153.14 yen to the dollar, and 35.56 baht against the 1Q result of 36.38 baht to the dollar. We believe that these figures will be sufficient to achieve an operating income of 103 billion yen.
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