MS&AD_en

7/22 　Medium-Term Management Plan: Group Core Profit

On the next page, I will explain the main points of our strategies and their progress. Please turn to page 6. The upper table shows the Group Core Profit targets for FY2013 under our medium-term management plan, "New Frontier 2013", and the revised Group Core Profit forecasts for FY2012 based on our revised earnings forecasts. We project Group Core Profit for FY2012 to be ￥80.0 billion, as initially forecast. We have revised our forecasts by business. The lower table shows the results for the first half. As you can see, Group Core Profit performance in the first half of FY2012 was good.