A1 : During the fiscal year ended March 31, 2012, we were unable to provide sufficient supplies of products to the market on time because of difficulties in procuring parts after the Great East Japan Earthquake. Therefore, we lost some sales opportunities for digital musical instruments, such as digital pianos and portable keyboards. During the current fiscal year, we are planning to make a comeback in digital pianos in Europe and the United States where we lost market share. In addition, we launched a new digital mixer in the professional audio equipment business in March this year, which has been well received in the market. This has led us to be more optimistic about launching a major new product for the first time in a number of years and attaining higher rates of sales growth in the industrialized countries.
From the perspective of overall trends, we are anticipating moderate recovery in North America. Our outlook for Europe is somewhat bullish, but we aim to attain our forecasts. On the other hand, our outlook for China is somewhat more conservative.