In the July to September period, our nation enjoyed export increase, companies' earnings improvement and other favorable economic factors, allowing its economy to recover on an overall basis. However, the recent appreciation of the yen value against the dollar may have adverse effects on the performance of the nation's export industry, a large contributor to its economy, creating uncertainty in its future economic situation. In addition, the nation has continued to suffer from deflationary economy with sluggish personal consumption, combined with continued severe employment situation, causing its real economy to remain on an unstable course toward achieving full-fledged recovery.
　
　Against this backdrop, our corporation's employees have all worked together to tide over the difficult situation and expand our CP system business. Notwithstanding this, however, price competition in the PC field, especially in the urban area, has become severe with uncertainty over its future, causing prospective companies interested in entry into this market to become reluctant to invest in it. Such investment reluctance has adversely affected the sales of our corporation's PC system sales division, resulting in a decline in its total sales. In the meantime, starting from the previous term, we have directed our efforts toward CP system expansion and sales promotion to positively market "large-sized car parking lot", "day car park" and other types of CP systems not only to position them as samples, but also to meet the customers' needs. Furthermore, we have dealt with the asset deflation by making efforts such negotiation for reduction in the rents of the land used for our parking lots and cancellation of unprofitable CP contracts, as well as development of highly profitable CP systems. As a result of such efforts, our corporation's CP system division has achieved 122% increase in sales from the previous term.



　The corporation's business results for the first quarter of its eighth term are as follows:
　

　The Japanese economy cannot be expected to recover rapidly in future, but will possibly continue to suffer. Under these circumstances, our corporation will move ahead with our business focusing upon our CP system division with profitability as our important consideration. We will continue to make our best efforts to offer high value-added and quality services to our customers to meet their sophisticated and diversified needs. Your continued special support and cooperation to our corporation would be appreciated.