Under Brother's mid-term business strategy, CS B2018 (FY2016 to FY2018) with the theme of "Transform for the Future," we are striving to become a multi-business enterprise with resilient DNA and a track record of success that continually evolves to deliver profitable growth by meeting the challenges of changing times and environments, through three transformations: Business Transformation, Operational Transformation and Talent Transformation.

In FY2016, the first year of CS B2018, our sales revenue decreased compared to the previous year due to the negative impact of the yen's appreciation and other factors, despite the steady global performance of communications and printing equipment (the Printing & Solutions Business). On the other hand, by advancing the efforts to improve profitability mainly in the Printing & Solutions Business, we reached our largest operating profit in our corporate history despite the change of our accounting standards in FY2016, and achieved our profit target of CS B2018 two years ahead of schedule. The Brother Group will continue working unitedly to achieve the "Transformations" set forth in CS B2018 in the remaining two years.