There are 4 points I would like to tell you. Professional print recovered. Sales of color models have turned upward, and non-hard sales have returned to a growth trajectory. Excluding forex impact, sales and profits increased in real terms. We also plan to launch our first HPP (Heavy Production Print) product this month on schedule to capture demand for large volume printing. Office Business was in line with expectations. On the hardware side, sales of color models turned upward and sales of non-hard improved for the second consecutive quarter. New color high-speed models (Seg.4) were launched on schedule in Jan., and we expect them to contribute to earnings from 4Q onwards. In New Business, both YoY and QoQ showed signs of improving profitability thanks to revenue growth in Bio-healthcare business, and strengthened cost controls including other new businesses. As for efforts toward strengthen profitability in FY2020, both cost reductions and structural reform progressed as planned in 3Q. From 4Q of FY2019 to FY2020, we will accelerate cost reductions, steadily implement structural reform, and make steady progress in achieving results in FY2020.
Professional print recovered. Sales of color models have turned upward, and non-hard sales have returned to a growth trajectory. Excluding forex impact, sales and profits increased in real terms. We also plan to launch our first HPP (Heavy Production Print) product this month on schedule to capture demand for large volume printing.
Office Business was in line with expectations. On the hardware side, sales of color models turned upward and sales of non-hard improved for the second consecutive quarter. New color high-speed models (Seg.4) were launched on schedule in Jan., and we expect them to contribute to earnings from 4Q onwards.
In New Business, both YoY and QoQ showed signs of improving profitability thanks to revenue growth in Bio-healthcare business, and strengthened cost controls including other new businesses.
As for efforts toward strengthen profitability in FY2020, both cost reductions and structural reform progressed as planned in 3Q. From 4Q of FY2019 to FY2020, we will accelerate cost reductions, steadily implement structural reform, and make steady progress in achieving results in FY2020.