Total assets for the first half of FY2007, ended September 30, 2007, were 1,880.6 billion yen, an increase of 240.7 billion yen from the end of the previous fiscal year. This was mainly due to an increase in vessels and trade receivables. Total liabilities increased by 142.9 billion yen from the end of the previous fiscal year to 1,161.9 billion yen mainly due to an increase in trade payables and interest-bearing debt. Total net assets increased by 97.7 billion yen from the end of the previous fiscal year to 718.7 billion yen. This was mainly due to an increase in retained earnings. As a result, the equity ratio (shareholders' equity / total assets) increased to 34.4% from 33.6% at the end of the previous fiscal year.