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Despite cost reduction efforts, operating income in Japan was down 27.1 billion yen due to foreign exchange losses and deterioration of sales volume & mixture in domestic and overseas markets. These factors resulted in an operating loss totaling 14.3 billion yen.
In North America, year-on-year operating income rose 4.1 billion yen to total 7.4 billion yen. This uptick came on top of an improvement of sales volume and mixture at SOA, which enjoyed buoyant sales through the Cash for Clunkers (scrap incentive program in U.S.) and the launch of the new Legacy.
Looking at other areas, declining sales in Europe brought operating income down 0.8 billion yen to 0.3 billion yen . |
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