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Looking at operating income by business segment, we see that the operating income for the automobile business totaled 15.6 billion yen, up 6.0 billion yen year on year. This increase was essentially due to more new car sales and cost reductions although we saw some negative factors, including higher SG&A expenses associated with increasing new car sales, higher factory expenses due to increased operations, and the appreciation of the Japanese yen.
The Aerospace Division posted an operating income total of 0.2 billion yen, down 0.5 billion yen on a year-on-year basis, due to an allowance for a loss on construction contracts despite an increase in the sales volume.
Operating income for the Industrial Products Division was up 0.3 billion yen for a total of 0.3 billion yen due to the better sales mix for engines sold in North America.
Operating income for other business segments increased 0.8 billion yen to reach 1.1 billion yen due to growing sales of wind power generators.