Summarizing the cumulative results for the Business Technologies Business in the 9-month period, while the sales growth was driven by a 23% year-on-year increase in the Commercial/Industrial Print field, net sales in the Office Services field also increased, rising 7%.
While operating income for the nine-month period last year was ¥45.3 billion, the corresponding figure for this fiscal year is ¥48.9 billion, an increase of ¥3.6 billion. As the operating income analysis shows, there is a positive effect from FOREX, and the negative impact from price changes falls within the range of the profit increase from FOREX. Cost reductions had a positive impact of ¥3.9 billion yen, and they are proceeding according to the companyfs plan. On the other hand, while a sales volume increase led to a ¥12.6 billion increase in profit, SG&A increased ¥17.4 billion.
The breakdown of the SG&A increase is as follows. Although there is an increase of ¥5.6 billion in advance expenses, these include strengthening of the service businesses for the future transformation of Business Technologies Business, R&D including radical strengthening of the hardware platform, and enhancement of human resources in the sales companies. These are short-term increases in SG&A, and while having this increase definitely contribute to sales and profit is a major challenge, we are proceeding toward that goal according to plan.
While operating income for the nine-month period last year was ¥45.3 billion, the corresponding figure for this fiscal year is ¥48.9 billion, an increase of ¥3.6 billion. As the operating income analysis shows, there is a positive effect from FOREX, and the negative impact from price changes falls within the range of the profit increase from FOREX. Cost reductions had a positive impact of ¥3.9 billion yen, and they are proceeding according to the companyfs plan. On the other hand, while a sales volume increase led to a ¥12.6 billion increase in profit, SG&A increased ¥17.4 billion.
The breakdown of the SG&A increase is as follows. Although there is an increase of ¥5.6 billion in advance expenses, these include strengthening of the service businesses for the future transformation of Business Technologies Business, R&D including radical strengthening of the hardware platform, and enhancement of human resources in the sales companies. These are short-term increases in SG&A, and while having this increase definitely contribute to sales and profit is a major challenge, we are proceeding toward that goal according to plan.