Now we will explain each segment in a little more detail. First, the Business Technologies Business. For the first nine months, revenue came to ¥616.1 billion, rising 6% year on year. Broken down, the dark-red sections in the two graphs on the left show that the revenue for the commercial and industrial printing field rose by 11% year on year, while that for the office services field increased by 4% year on year.
Operating profit for the first nine months was ¥50.9 billion, no more than a modest increase of ¥0.8 billion over the previous year's figure. As the waterfall chart on the right shows, the impact of forex was ¥5.3 billion, while among the positive factors were the effects of higher sales volumes of ¥8.8 billion and manufacturing cost reductions of ¥3.3 billion. However, on the negative side SG&A expenses rose by ¥10 billion and price declines had an impact of ¥3.3 billion and in total the positive factors were insufficient to offset the negative factors. Manufacturing cost reductions were just enough to compensate for falling prices, but we were unable to offset higher SG&A expenses with higher sales volumes.
As for the increase in SG&A expenses, this includes about ¥3.2 billion caused by so-called new M&A. Other income and expenses netted to positive ¥7.3 billion, but there were also negative factors in the shape of structural reforms implemented the previous year, especially structural reforms in northern Europe and impairment losses posted in Japan as well as structural reform expenses in 1Q of this fiscal year (early retirement in Japan). On the plus side, with sales of assets, etc. in North America, other income and expenses improved by ¥7 billion in total.
Operating profit for the first nine months was ¥50.9 billion, no more than a modest increase of ¥0.8 billion over the previous year's figure. As the waterfall chart on the right shows, the impact of forex was ¥5.3 billion, while among the positive factors were the effects of higher sales volumes of ¥8.8 billion and manufacturing cost reductions of ¥3.3 billion. However, on the negative side SG&A expenses rose by ¥10 billion and price declines had an impact of ¥3.3 billion and in total the positive factors were insufficient to offset the negative factors. Manufacturing cost reductions were just enough to compensate for falling prices, but we were unable to offset higher SG&A expenses with higher sales volumes.
As for the increase in SG&A expenses, this includes about ¥3.2 billion caused by so-called new M&A. Other income and expenses netted to positive ¥7.3 billion, but there were also negative factors in the shape of structural reforms implemented the previous year, especially structural reforms in northern Europe and impairment losses posted in Japan as well as structural reform expenses in 1Q of this fiscal year (early retirement in Japan). On the plus side, with sales of assets, etc. in North America, other income and expenses improved by ¥7 billion in total.