In fiscal 2013, our business results were disappointing. We recorded lower revenues for the second consecutive year, and earnings were down significantly. Therefore, we would like to apologize to shareholders and other investors.

We see the postponement of the launches of mainstay pachislot machine titles—the cause of these unfavorable business results—as a serious problem. Accordingly, we have begun measures to address the concentration of new machine launches in the second half of fiscal years because it exposes us to the risk of business result fluctuations. Going forward, as we develop pachislot and pachinko machines, we will bear in mind the importance of balancing marketing periods. However, given that the commercialization of pachislot and pachinko machines takes about two years, the benefits of these measures will emerge from fiscal 2015 onward. In addition, while taking development costs into consideration, we intend to increase our preparedness for contingencies by exploring the development of supplementary machines to augment our development pipeline. A lack of major new titles led to lower revenues in the Amusement Machine Sales Business segment. With this kind of problem in mind, we will rigorously control the development of our product lineup over the medium term to standardize the timings of title launches and thereby stabilize earnings.