Net sales increased by 4% compared with the same period of the previous fiscal year and operating income increased by 49%.
Net sales were up in particular in the Business Technologies Business and operating income was up in this business as well, while solid sales of TAC films, measuring instruments and pickup lenses for Blu-ray Discs also made a contribution. In addition, the effects of withdrawal from the glass substrates for HDDs business contributed to the results.
Net sales and operating income increased even after excluding the effect of the weak yen on exchange rates.
Net income for the first quarter amounted to ¥5.6 billion. This result was down compared to the previous first quarter due to a special factor, namely ¥9.2 billion in tax effects following a review of tax assets in the first quarter of the previous year. We expect net income to return to normal from the second quarter onward.
Net sales were up in particular in the Business Technologies Business and operating income was up in this business as well, while solid sales of TAC films, measuring instruments and pickup lenses for Blu-ray Discs also made a contribution. In addition, the effects of withdrawal from the glass substrates for HDDs business contributed to the results.
Net sales and operating income increased even after excluding the effect of the weak yen on exchange rates.
Net income for the first quarter amounted to ¥5.6 billion. This result was down compared to the previous first quarter due to a special factor, namely ¥9.2 billion in tax effects following a review of tax assets in the first quarter of the previous year. We expect net income to return to normal from the second quarter onward.