Consolidated Financial Statements Q1

May, 07 2013


In the first quarter of fiscal 2013 (January 1 to March 31, 2013), the Companies’ operating environment was as follows.

The domestic economy showed signs of recovery with the rapid correction of the excessively appreciated Japanese yen. The United States economy has shown signs of recovery, while the European economy remained stagnant and continuous financial instability discouraged actual business activities. Asian economic expansion showed signs of a slowdown, particularly in China and India. Overall, recovery by many overseas economies was continuously weak.

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