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Looking at operating income by business segment, we see that the operating income for the automobile business totaled 39.7 billion yen. That's a year-on-year increase of 22.6 billion yen. This increase was essentially due to an increase in new model sales in the U.S. and Japan as well as cost reductions. These positive factors offset the higher SG&A expenses associated with growing sales of new models and higher factory expenses due to the upswing in operations.
The Aerospace Division posted an operating income total of 1.9 billion yen, up 0.9 billion yen on a year-on-year basis, due to an increase in sales volume.
The Industrial Products Division saw its operating income inch up 0.1 billion yen to total of 0.4 billion yen due to the better sales mix for engines.
Operating income for other business segments rose 0.7 billion yen to reach 1.0 billion yen.
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