BACK NEXT
 
 
Net sales for the fist half of the fiscal year ending March 2011 increased 168.4 billion yen, or 26.5%, year on year to total out at 804.0 billion yen. An increase of 189.7 billion yen from improved sales volume and mixture both in Japan and overseas as well as sales increases at three internal companies totaling 2.8 billion yen offset an exchange loss of 24.1 billion yen due to the appreciation of the yen against US dollar and euro.
Operating income rose 68.8 billion yen year on year for a total of 57.3 billion yen. This increase was mainly due to improved sales volume and mixture and reduced materials costs as well as SG&A expenses, etc. The gains offset foreign exchange losses due to the appreciation of the yen and an increase in R&D expenses. Further details will be provided later on.
Ordinary income also rose 70.7 billion yen year on year to bring it to a total of 58.8 billion yen. Further details will also be provided later on.
Since no major extraordinary gain and losses were posted, income before income taxes and minority interests totaled 55.7 billion yen for a year-on-year increase of 73.1 billion yen.
Net income totaled 44.6 billion yen, a year-on-year increase of 66.3 billion yen, while income tax was paid attributed to stronger sales in our U.S. subsidiaries