Net sales in the Business Technologies Business increased 29% year on year. This was due to sales growth of main products, the effect of M&As conducted in 2012 and the effect of a foreign exchange rate shift to a weaker yen. Even excluding the impact of foreign exchange rates, sales grew 9%.
Operating income increased significantly with three-fold growth over the same period of the previous fiscal year. In addition to an increase in gross profit in line with sales expansion, there was contribution from a reduction of manufacturing costs, one of the causes of the operating income decline in the previous year, in line with plans.
Rather than try to expand sales by cutting prices to take advantage of the weak yen, we realize that market price has been controlled appropriately.
Operating income increased significantly with three-fold growth over the same period of the previous fiscal year. In addition to an increase in gross profit in line with sales expansion, there was contribution from a reduction of manufacturing costs, one of the causes of the operating income decline in the previous year, in line with plans.
Rather than try to expand sales by cutting prices to take advantage of the weak yen, we realize that market price has been controlled appropriately.