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Despite cost reduction efforts, operating income in Japan was down 12.6 billion yen due to foreign exchange losses and a decreased sales volume in domestic as well as overseas markets. These factors resulted in an operating loss totaling 12.1 billion yen.
In North America, year on year operating income rose 18.6 billion yen to total 22.5 billion yen thanks to the improved sales volume and mix at SOA, which enjoyed buoyant sales through the Cash for Clunkers program and the launch of the new Legacy.
Looking at other areas, we see that declining sales in Europe brought operating income down 1.3 billion yen to 0.2 billion yen.