In the third quarter of the fiscal year ending March 31, 2014, net sales increased 18% and operating income increased 44% year on year. Continuing on from first-half results, sales were solid and steady progress was made in cost reduction measures in the core Business Technologies Business, driving momentum in performance for the Company overall.
I believe we are making steady progress toward our full-year financial forecasts.
Net income turned around to an increase of 5% for the nine-month period due to an increase in profit in the third quarter despite a year-on-year decline in profit in the first half due to the recording of loss on business withdrawal from the glass substrates for HDDs business in the second quarter.
I believe we are making steady progress toward our full-year financial forecasts.
Net income turned around to an increase of 5% for the nine-month period due to an increase in profit in the third quarter despite a year-on-year decline in profit in the first half due to the recording of loss on business withdrawal from the glass substrates for HDDs business in the second quarter.