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Looking at operating income by business segment, we see that the automobile business saw an increase of 69.8 billion yen that brought operating income up to 55.5 billion yen. This substantial uptick comes from a healthy sales as well as cuts in materials costs, as well as SG&A and other expenses that offset the adverse effects of the strong yen and increase in R&D expenses.
The Aerospace Division posted an operating income total of 0.5 billion yen, down 1.9 billion yen on a year-on-year basis, due to declined sales for our defense sector as well as the negative impact of foreign exchange fluctuations due to the appreciation of yen.
Operating income for the Industrial Products Division increased 1.3 billion yen due to the improved sales triggered by recovering demands despite foreign exchange losses resulting from the appreciation of yen. These results brought the business out of the red with an operating income of 0.1 billion yen.