Consolidated Financial Results 1st Quarter 2014

May, 09 2014

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Consolidated Financial Results from the period 1st January to 31st March 2014.

In the first quarter of fiscal 2014 (January 1 to March 31, 2014), the Companies' operating environment was as follows. The domestic economy showed signs od gradual recovery due to last minute demand associated with the consumption tax rate increase and the effectiveness of economic and monetary policies with maintaining the correction of the appreciated Japanese yen. The United States economy continues gradula recovery due to an increase in consumer spending. THe European economy has shown signs of recovery. The Asian economic expansion continues to slow down, particularly in China and India. In addition, economic stagnation was shown in Thailand. Overall, recovery by many overseas economies was continuously weak.

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