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Looking at operating income by business segment, we see that the automobile business saw an increase of 70.6 billion yen that brought operating income up to 71.9 billion yen. This gain is largely due to a healthy sales volume and mixture in addition to reduction of material costs as well as SG&A and other expenses that offset the adverse effects of the strong yen and rising R&D expenses.
The Aerospace Division saw a 2.4 billion yen decrease in operating income that resulted in an operating loss totaling 0.3 billion yen due to declining sales at our defense sector as well as foreign exchange losses due to the strong yen.
Operating income for the Industrial Products Division jumped 2.1 billion yen to balance out at a total of 0.1 billion yen due to an improvement of sales volume and mixture created by recovering sales despite foreign exchange losses resulting from the appreciation of the yen.