Net sales rebounded to the ¥1 trillion mark for the first time in seven fiscal years, increasing by 7% year on year to ¥1,011.8 billion. Operating income increased by 14% year on year to ¥66.2 billion. The gain was attributable to significantly greater profitability in the commercial and industrial printing field, combined with contributions from a positive effect of structural reforms in the Industrial Business and sales gains in performance materials. Net income increased by 50% year on year to ¥32.7 billion, with ROE of 6.7%.
The net sales figure of ¥1,011.8 billion was against a forecast of ¥1,010.0 billion, and operating income of ¥66.2 billion was against a forecast of ¥62.0 billion at the start of the fiscal year and a subsequent upward revision to ¥65.0 billion made at the end of 1H. Net income was projected at ¥26.0 billion at the start of the fiscal year and subsequently revised to ¥33.0 billion at the end of 3Q, yet ended the fiscal year slightly lower at ¥32.7 billion due to adverse non-operating factors in 4Q attributable to effects of foreign exchange.
The net sales figure of ¥1,011.8 billion was against a forecast of ¥1,010.0 billion, and operating income of ¥66.2 billion was against a forecast of ¥62.0 billion at the start of the fiscal year and a subsequent upward revision to ¥65.0 billion made at the end of 1H. Net income was projected at ¥26.0 billion at the start of the fiscal year and subsequently revised to ¥33.0 billion at the end of 3Q, yet ended the fiscal year slightly lower at ¥32.7 billion due to adverse non-operating factors in 4Q attributable to effects of foreign exchange.