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Looking at operating income by business segment,
we see that the operating income for the automobile business totaled 17.1 billion yen. That's a 38.4 billion yen, or 69.3%, year-on-year drop. Despite reductions in SG&A expenses and other costs, lower production and sales volumes that created an unfavorable sales mix variance as well as foreign exchange losses caused by the appreciation of the Japanese yen resulted in a decline.
The Aerospace Division posted an operating income total of 1.0 billion yen, up 0.5 billion yen, or 92.0%, year on year, despite the negative impact of foreign exchange fluctuations.
The Industrial Products Division also saw a 0.2 billion yen, or 171.7%, increase in operating income that brought the operating income total to 0.3 billion yen. This uptick was largely due to increased sales of engines and power generators, which offset foreign exchange losses.