sky perfect communications annual report 2005 35 management s discussion and analysis prospective investors should read the following of financial condition results operations together with statements notes to such state ments included elsewhere in this presenta tion segment contains forward looking overview business climate industry trends during fiscal year ended march 31 2004 japanese economy was hit by a series typhoons chuetsu earthquake niigata prefecture other factors that slowed growth addition daily reports it companies com peting acquire baseball teams broadcasting signaled economic environment had entered time dramatic changes opening athens olympics august accelerated digital home appliance market so called revolution continued bring sweeping innovations characterized rapid transition media envi ronment which inc company operates appearance number mobile devices capable receiving contents expanding platforms for