Consequently the troop deployment centered on antisubmarine aircraft and fighter aircraft, but with the end of the Cold War the threat of the Soviet Union disappeared, and from 2001 Iceland held bilateral talks with the U.S. over the reduction of the U.S. forces stationed there.

In the Chemical Products Business, sales in other countries including the high performance resins and molding machines sales business in Hong Kong rose slightly, but because sales in Japan were lower, particularly in the advanced materials sector and plastics sector, consolidated net sales were 29,244 million yen, 2.2% down from the previous fiscal year.

Major securities exchanges in the United States have adopted independent director systems, but having independent directors as interlocking directors deviates from the original purpose of the independent director system; that is, “to have directors who are independent from top management in order to reduce the tendency for top management to be blindly supported.

As long as the U.S. desires the continuation of U.S. military bases in Japan and the stationing of U.S. forces in Japan, and Japan also requires it, even if there is some movement due to the influence of the international environment and domestic politics and economics, the balance in the relationship of interdependence between Japan and the U.S. is likely to be preserved (Area I).

As a result, the Company and the Target came to a conclusion that conducting a merger and acquisition in which the Target would become a wholly-owned subsidiary of the Company and managing both companies as a single entity would be extremely beneficial to achieving synergy between the diagnostic ultrasound device businesses of both companies and the other businesses of the Target and increasing the corporate value of the Company and the Target, so the Company decided to conduct the Tender Offer and determined the Tender Offer Price based on the following background.

During the interim period, we reported a decline in sales of ¥29.9 billion accompanying the full termination of this business; however, sales expansion in growth businesses, including especially new MFP (multifunctional peripheral) products, and continued growth in demand for TAC film (protective film for polarizing plates) resulted in the first rise in overall Group sales in three interim periods.

[...] [...] reported, mostly from working more efficiently [...]

Like all Link superfamily members, the HA-binding domain of CD44 is centered on the so-called Link module - a protein unit of approximately100 amino acids, that contains 4 highly conserved cysteine residues separated by sequences of basic and hydrophobic amino acids.

The Company’s rents received were slightly decreased, due to vacancy during the change of tenants, but profit was kept at the same level as the previous year because of the reduction of maintenance costs.

Third, the computed parameters are input into the 3-D numerical simulation (3D-CFD) in narrow coastal areas to evaluate the detailed tsunami behaviors around the coastal structures and forces acting on them, and finally the structure robustness and tsunami prevention are assessed and considered.

This chart shows the relationships between the chronological wave form of the simulated tsunami forces and the buckling and sliding limit loads affecting the tank.

This sales decrease and increased loss before income taxes was a result of a year-on-year decrease in unit sales primarily due to the change in timing of several key releases into the second half of the calendar year, and the continued decline in the overall market.

[...] [...] rates and stock prices, etc. and from the market environment in which no transaction can be executed because of an excessive decrease of liquidity or one in which market participants are forced to trade in extremely unfavorable conditions.

Depreciation led to a drop in the value of tangible fixed assets but accounts receivable increased as a result of higher sales and also inventory increased mainly due to a [...]

The application of ICT has enabled not only the automation of specific processes, but the transformation of operations and services, enabling improvements in the performance and service quality of social security organizations.

Although the impact of the strong Yen on the Motorcycle & Engine segment was larger than expected in FY2010, we succeeded in achieving a level of performance that exceeded the initial target, due to securing profitability as a result of large-scale projects and growth of the hydraulic machinery business for China.

[...] [...] working to reduce direct greenhouse gas [...]

Optimistic refers to the fact that normally, when an exchange has been completed between two parties, and the exchange is then interrupted, for example due to a communication cut-off, resulting in a state where it loses its own authority value or where the other party’s authority value is not received, it restores it to the state for coordinating with the other exchange party from the above state between the third party organizations, without restarting the exchange with the opposite party.

[...] [...] manufacturers in Japan, though demand declined in the third [...]

The Tender Offer Agent will, in accordance with the instructions of tendering shareholders, remit the purchase price without delay after the commencement date of settlement to the account designated by the tendering shareholder or pay at the head office or branch offices of the Tender Offer Agent.

In addition, as of the interim period under review, net assets in financial statements for interim periods have been presented according to the revised rules pertaining to financial statements for interim periods.

Remuneration for Directors which consists of three types, namely regular remuneration as fixed remuneration, bonuses payable based on performance, and stock option granted as a long-term incentive, is payable based on the Company’s remuneration standards subject to the resolution of the Board of Directors, within the overall limit of remuneration approved by general meeting of shareholders.

Of the approximate proceeds from the public offering and the allocation to a third party, not exceeding ¥37,534,000,000, ¥8,700,000,000 shall be used by the end of the fiscal year ending March 2012, as capital expenditure for restoring Ofunato plant which inflicted significant damage in the Great East Japan Earthquake, ¥3,200,000,000 shall be used by the end of the fiscal year ending March 2013 as capital expenditure for installing a waste heat power generator and waste acceptance facility at Kamiiso plant, ¥13,300,000,000 shall be used by the end of the fiscal year ending March 2013, as capital expenditure at other plants and business premises, ¥10,000,000,000 shall be used by the end of the fiscal year ending March 2013, as investments and loans for subsidiaries of the Company, while the balance shall be used by the end of the fiscal year ending March 2012, to repay the borrowings of the Company.

[...] [...] differ materially from those discussed [...] [...]

The Group has adopted information security control rules, and is taking steps to ensure that all members of the Group are familiar with crisis control responses, to meet the safety requirements for operating its information systems. However, information systems cannot be made entirely invulnerable to the unauthorized disclosure of business sensitive information or personal information through unauthorized access, computer viruses and other means, as well as inoperability due to factors such as natural disasters, destruction of information system facilities attributable to accidents and other causes, and communication line troubles.

Given such conditions, in the Machinery & Equipment Business we will concentrate particularly on the development of foreign demand, and as the result of increasing machinery orders for oil wells and the chemical industry and projects to supply devices for the photovoltaic cell manufacturing process, we project fiscal year consolidated net sales of 13,000 million yen (12.8% up compared with the previous year) and operating income of 1,090 million yen (13.5% up compared with the previous year).