Consolidated Financial Statements H1

Aug, 09 2013


In the first half of fiscal 2013 (January 1 to June 30, 2013), the Companies’ operating environment was as follows.

The domestic economy showed signs of recovery with the correction of the 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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