Revenue came to ¥762.3 billion, rising 5% year on year. This was due to increased sales of mainstay products, the impact of M&A and the effect of the weaker yen against the US dollar. Operating profit was ¥41.6 billion, falling by ¥5.5 billion and 12% year on year, underlining the severity of the results.
In the mainstay Business Technologies Business, the shift to high-segment models and hybrid-type sales in the office services field advanced. Price competition, primarily in North America, continued in 3Q and while the pipeline of deals is filling, some contracts have slipped into 4Q. Our stance of avoiding price competition has not changed, but the existing products are taking longer to sell through than we originally planned, so the effect of new models has also been slow to manifest.
There was steady progress in the Healthcare Business, where both revenue and profit rose due to higher sales of mainstay products both in Japan and overseas.
Revenue and profit fell in the Industrial Business due in particular to the impact of falling sales of TAC film in the performance materials field, but market conditions for display products had already been factored in and performance was in line with internal plans.
Accordingly, quarterly profit came to ¥26.5 billion, falling 11% year on year.
In the mainstay Business Technologies Business, the shift to high-segment models and hybrid-type sales in the office services field advanced. Price competition, primarily in North America, continued in 3Q and while the pipeline of deals is filling, some contracts have slipped into 4Q. Our stance of avoiding price competition has not changed, but the existing products are taking longer to sell through than we originally planned, so the effect of new models has also been slow to manifest.
There was steady progress in the Healthcare Business, where both revenue and profit rose due to higher sales of mainstay products both in Japan and overseas.
Revenue and profit fell in the Industrial Business due in particular to the impact of falling sales of TAC film in the performance materials field, but market conditions for display products had already been factored in and performance was in line with internal plans.
Accordingly, quarterly profit came to ¥26.5 billion, falling 11% year on year.