A1 : As far as we are aware, the reaction to the increase in consumption tax has thus far been roughly within the scope we expected.
The store traffic of our retailers appeared to decrease considerably in the first half of the month, but picked up again afterward. We have not seen a greater decrease than expected.
Sales for the first quarter are not expected to fall further than initially projected, as we have some outstanding piano orders that could not be delivered by March, which will contribute to sales for April and May.