At the time of the previous announcement of our financial results on May 13 our assumed foreign exchange rate for the year ending March 2017 was 110 yen/USD and 120 yen/Euro. In consideration of the most recent exchange rate levels, our assumed foreign exchange rate for the 2Q and beyond is 105 yen/USD and 115 yen/Euro, anticipating a 5 yen increase against each respective currency. We expect every 1 yen change in the yen/USD exchange rate to impact net sales in the 2Q and beyond by approximately 2.7 billion yen and every 1 yen change in the yen/Euro exchange rate to impact net sales by approximately 900 million yen. Similarly, we expect every 1 yen change in the yen/USD exchange rate to impact operating income by approximately 200 million yen and every 1 yen change in the yen/Euro exchange rate to impact operating income by approximately 600 million yen.
We left interim and year-end dividend forecasts for the year ending March 2017 undetermined in our previous announcement. In consideration of performance forecasts over the first half, including business performance over the 1Q, we plan that interim dividends will total 12 yen/share. In relation to year-end dividends, just as we made a downward adjustment of forecasts for the second half, we will leave these undetermined for the time being as a result of a lack of uncertainty of the impact of the economic situation in the US and Europe and resultant changes in the foreign exchange market etc.