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Looking at net sales by business segment, we saw a jump in net sales in the automobile business over last year. Sales rose by 164.5 billion yen, or 17.9%, year on year to total 1,086.3 billion yen thanks to steady sales in overseas markets, which boosted the sales volume and mixture and offset the foreign exchange losses due to the strong yen.
Sales for the Aerospace Division totaled 54.2 billion yen. Mainly, foreign exchange loss by the strong yen and wrapping up the unmanned aerial vehicle system R&D project for the Ministry of Defense left us with loss of 9.4 billion yen, or 14.8%, year on year drop.
Sales for the Industrial Products Division were up 5.4 billion yen, or 31.0%, to total 22.9 billion yen as rising demand in both domestic and overseas markets pushed sales figures up.
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