Next, I will explain measuring instruments. As shown here, this unit was affected both in 1Q and 2Q. As we had anticipated, smartphone business became sluggish and it had caused our customers to restrain from making investment. The numbers in measuring instruments are within our assumption. In the 2Q, we have completed acquiring a Spanish company for us to accelerate our visual inspection business targeting automobiles. And this will make its contribution to us going forward.
In the performance materials unit, panels inventory adjustment in the marketplace naturally will become apparent, and I believe there is going to be business opportunities for us with the TV panels becoming larger in size. With the TV panels becoming larger in size, we enjoyed a positive impact in TV with our new resin SANUQI. This is the market trend now. Talking about TV panels becoming larger in size, we are increasing our profit more than revenue. This new resin is now helping us in the area where we had some difficulty for several years, we are now improving our positioning, and we can move into non-TV applications or small and mid-sized touch panels. We launched our sales in the 2Q.
As shown here, this unit was affected both in 1Q and 2Q. As we had anticipated, smartphone business became sluggish and it had caused our customers to restrain from making investment. The numbers in measuring instruments are within our assumption. In the 2Q, we have completed acquiring a Spanish company for us to accelerate our visual inspection business targeting automobiles. And this will make its contribution to us going forward.
In the performance materials unit, panels inventory adjustment in the marketplace naturally will become apparent, and I believe there is going to be business opportunities for us with the TV panels becoming larger in size. With the TV panels becoming larger in size, we enjoyed a positive impact in TV with our new resin SANUQI. This is the market trend now. Talking about TV panels becoming larger in size, we are increasing our profit more than revenue. This new resin is now helping us in the area where we had some difficulty for several years, we are now improving our positioning, and we can move into non-TV applications or small and mid-sized touch panels. We launched our sales in the 2Q.