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| The Group has been engaging in the manufacturing and trading of phosphorus and the trading of optical products. Incomes and profits from the phosphorus business have been declining precipitously due to such unfavourable factors as rises in raw material prices and energy costs and decrease in market demand. On the other hand, while the trading of optical products which was begun in the second half of 2008 has been bringing in steady incomes to the Group, performance has fallen short of expectation and has not been able to bring about material breakthrough to the Group’s business development. For these reasons, we are now shifting the business direction to focus our resources in developing our coal business. |
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