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Looking at operating income by business segment, we see that operating income in the automobile segment fell 7.1 billion yen to hit 1.3 billion yen. This was due to foreign exchange losses on top of deterioration of sales volume and mix that happened as a result of production and shipment adjustments in the first half period of the fiscal year in spite of cost reduction efforts.
The Aerospace Company posted an operating income of 2.1 billion yen, up 3.3 billion yen year on year, thanks to an increase in sales for both our defense and civil sectors, which offset foreign exchange losses.
Operating income for the Industrial Products Company dropped 1.3 billion yen due to foreign exchange losses as well as deterioration of sales volume and mix, resulting in an operating loss of 2.0 billion yen.
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