【テロップ】
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【ノート】
In IAB, we expect the Digital demand seen in Q1 to slow down from Q2 onward; we also forecast Automotive to remain weak as well.
Similar to IAB, EMC sales are expected to decline on a slower recovery in automotive.
For SSB, we expect sales to decline as railway companies limit capex spending owing to lower passenger revenues.
Reflecting its defensive nature, we expect HCB will be able to overcome the impact of yen appreciation to achieve sales unchanged Y/Y.
I will discuss IAB forecasts here in slightly more detail.
Please turn to slide 15.