Looking at operating income by business segment, we see that the automobile business experienced an increase of 30.9 billion yen in operating income to hit 21.7 billion yen. These results were buoyed by a good sales volume and mixture as well as cuts in materials costs, R&D, and SG&A and other expenses that offset the adverse effects of foreign exchange fluctuations.
The Aerospace Division posted an operating income total of 4.8 billion yen, up 3.2 billion yen on a year-on-year basis, thanks to an increase in sales for both our defense and civil aviation sectors. The gain offset foreign exchange losses.
Operating income for the Industrial Products Division dropped 0.8 billion yen due to foreign exchange losses as well as a deterioration of sales volume and mixture, resulting in an operating loss of 2.4 billion yen.