General Meeting of shareholders No.1/2017.  An increase in total costs and expenses mainly caused by an incremental corporate tax raised from the gain from sale of investment property which was only one

Cover items on Shipping Predetermined (% of the sale) Provide serviced/stock space in the store and sales staff Shopping mall Incremental Cost of obtaining a contract Sales/Employees Customer Commissions

from dumping price by competitors 2) decrease in warehouse management solutions 3) even through less proportion on incremental in business forms and digital printing including revenue from packaging

Value Data Results Conclusions Behavioral Factors Explaining Value?: Incremental Adj −R2 for FF6 Motivation Explaining Value Data Results Conclusions Behavioral Factors Explaining Value?: Incremental Adj

%, respectively. The incremental of administrative expenses derived mainly from expenses related to employees and also hiring outsourcing company to provide household tasks. Financing Costs The financing costs of

were 20.6% and 21.7%, respectively, which was slightly increased. The incremental of administrative expenses derived mainly from expenses related to employees and also hiring outsourcing company to

while the sales price could not be adjusted immediately. Moreover, the Company had incremental in product development expenses for plastic automotive parts and packaging customers which will result in new

proportion of administrative expenses incurred compared to total revenues for the 2nd quarter of Year 2017 and 2018 were 22.8% and 22.2%, respectively, which was slightly increased. The incremental of

proportion of administrative expenses incurred compared to total revenues for the 3rd quarter of Year 2017 and 2018 were 19.9% and 21.3%, respectively, which was slightly increased. The incremental of

%GP at 22%, while 9M17 represented at 24%. Excluding TBSP of 17% GP, Company’s core %GP achieved at 25%, increased by 1%, primarily due to incremental of Gross Profit of Security business in 9M18 when