Financial Summary for FY2011
and Outlook for FY2012
- With regard to the consolidated SG&A, I would like to provide some additional information concerning personnel expenses, and those of the parent company in particular.
- Personnel expenses increased as a result of expenses for administrative staff, which until the previous fiscal year had been posted as outsourcing costs in the operating expenses. From fiscal 2011, however, these costs were posted as personnel expenses.
- There was also an impact from a revision of insurance rates for health insurance which resulted in an increase in legal benefits expenses.