Net sales in the Industrial Business for the first quarter were down 24% and operating income was down 48% year on year.
Sales volumes of TAC film decreased year on year due to deterioration in the market for notebook PCs and the impact of diversification in components and materials used for TVs. Tough conditions persisted in orders for glass substrates for HDDs as well. Although business expanded steadily in the sensing field, with contribution from the acquisition of Instrument Systems in 2012, the impact of a decline in profit in line with a decrease in sales of TAC film was significant, and sales and profit were down on the whole in the Industrial Business year on year.
Sales volumes of TAC film decreased year on year due to deterioration in the market for notebook PCs and the impact of diversification in components and materials used for TVs. Tough conditions persisted in orders for glass substrates for HDDs as well. Although business expanded steadily in the sensing field, with contribution from the acquisition of Instrument Systems in 2012, the impact of a decline in profit in line with a decrease in sales of TAC film was significant, and sales and profit were down on the whole in the Industrial Business year on year.