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Our Medium-Term Management Plan was rolled out looking to achieve earnings by securing and improving the profitability of existing businesses and then making investments and embarking on challenges for future growth. However, balancing these differing goals has proved difficult; we succeeded in sowing various seeds for the latter, but were unable to achieve the results we wanted for the former. Excluding the expenses for strategic growth and the impact of foreign currency exchange rates, we were able to secure earnings on par with the previous fiscal year, but achieving continuous growth in our existing businesses is proving difficult. The Medium-Term Management Plan’s policies are to further advance the growth strategies we have pursued thus far and allocate the management resources to accelerate them. However, we currently have not been able to raise the performance of our existing businesses to the extent necessary to facilitate this. With our results for fiscal 2019, expenses for corporate growth and reinforcing our business platforms proved to be a burden and the increase in expenses greatly exceeded the rise in marginal profit.