Q: Regarding the early retirement incentive program announced at the end of September, please tell us about the background and the thoughts of the top managements behind the announcement.
A: We are expecting the present harsh business climate, as seen in stagnant global demand for hydraulic excavators, including both general construction machinery and mining machinery, to continue for the time being. To date, we have compressed inventory and improved our financial standings. On top of that, we are carrying out the cost and business structural reform as a strategy to create systems that leads to growth anticipating the future of 20 to 30 years later. The early retirement incentive program is part of such reform.