We expect the digital cameras-interchangeable lens type market to decline 9% year-on-year to 12,400 thousands units, while we are expecting the market of the interchangeable lenses to also decline 9% year-on-year 20,600 thousands units. We are hoping that the extent of the decline narrows towards the second half of this fiscal year, but the market environment is likely to remain severe, including the uncertainty regarding the European economy and China's economic slowdown, which will inevitably have an impact on the results of our imaging products business.
Assuming this market outlook, we expect our sales of the digital cameras-interchangeable lens type to decline 8% from the previous year to 4,250 thousands units, and for sales of interchangeable lenses to decline 9% to 6,100 thousands units.
We will continue our activities targeting an increase in sales of middle/high class models, as well as our activities to improve costs and otherwise increase efficiency. However, we will also continue investments in the costs of development for new products at the same level as the previous fiscal year targeting future growth, and as a result we are expecting operating income to decline 33% on a year-on-year basis to 38.0 billion yen.