Net sales increased 6% year on year due to sales growth for main products in each business and by promoting M&As.
While the Group achieved an increase in operating income as higher profit in the Industrial Business and Healthcare Business compensated for lower profit in the Business Technologies Business, the figure fell short of the announced projection.
This was caused by several factors, including a decline in profitability due to a focus on low-speed models in line with a sales push at the end of the period as well as a delay in manufacturing cost reductions for new A3 color MFPs in the Business Technologies Business. I will explain these factors in detail later.
In the Industrial Business, although fluctuation in market share of TAC film in the fourth quarter was within expectations, adjustments in the LCD panel market caused a larger-than-expected decline, and we were unable to improve to the extent we were hoping.
Net income decreased year on year as a result of the recording of an impairment loss of ¥2.9 billion. We implemented measures to swiftly enhance profitability in underperforming fields, namely the field of optics in the Industrial Business and the film segment in the Healthcare Business.
While the Group achieved an increase in operating income as higher profit in the Industrial Business and Healthcare Business compensated for lower profit in the Business Technologies Business, the figure fell short of the announced projection.
This was caused by several factors, including a decline in profitability due to a focus on low-speed models in line with a sales push at the end of the period as well as a delay in manufacturing cost reductions for new A3 color MFPs in the Business Technologies Business. I will explain these factors in detail later.
In the Industrial Business, although fluctuation in market share of TAC film in the fourth quarter was within expectations, adjustments in the LCD panel market caused a larger-than-expected decline, and we were unable to improve to the extent we were hoping.
Net income decreased year on year as a result of the recording of an impairment loss of ¥2.9 billion. We implemented measures to swiftly enhance profitability in underperforming fields, namely the field of optics in the Industrial Business and the film segment in the Healthcare Business.