Consensus ShortfallNet income of ¥50.5bn grew 32% year on year, 7% short of consensus due to a one-off write down of 4.8bn yen in life care.
Net Income DeclineNet income of ¥51.5bn was 10% lower YoY, in line with consensus due to FX loss of ¥0.4 bn in the current term.
Operating Profit MissOperating profit of ¥24.7bn missed our estimate by 15%, due to continued investments.