A1 : First quarter musical instrument sales in Korea, Malaysia, Mexico, Brazil, etc. were harsh.
Growth rate forecasts for the full fiscal year have been revised downward from the 6% to the current 4%, however in other mature markets such as Korea, Malaysia, etc., the sales ratio of pianos and wind instruments for all products is high, and we predict a recovery in the future from the harsh conditions of temporary increased inventories
In addition, with a high ratio of professional audio equipment, we expect newly emerging markets such as Brazil to recover through the sale of new products in the future.
We are taking steps to strengthen sales networks in all regions and sales capability, and taking the results into account for the full fiscal year.
To achieve the full fiscal year forecast, hurdles that are never low are shared by the whole company, and by making efforts to expand the sales network and population of musical performers through upgrading music schools, we believe we can look forward to such results in the future. We plan to reveal the expansion of aggressive sales promotions and a pricing policy as we watch market conditions.