Analysis of the factors behind the ¥3.1 billion year-on-year increase in operating income is provided here.
In terms of negative factors, foreign exchange rates caused a loss of ¥4.2 billion. The yen was up almost 15 yen against the euro year on year, resulting in a significant loss of ¥3.1 billion. The strength of the yen against other European currencies caused a loss of ¥0.7 billion. Meanwhile, dollar exchange rates resulted in a loss of ¥0.2 billion.
Price fluctuations resulted in a loss of ¥1.8 billion. In Business Technologies Business, the range of fluctuation was kept in check by increasing the price of some products in the US and European markets and by efforts made to maintain sales prices in other businesses.
Fixed costs increased by ¥2.1 billion, mainly due to an increase in SG&A expenses in Business Technologies Business because of M&As.
These negative effects were offset by increases in sales volumes in Business Technologies Business and Industrial Business, resulting in a ¥3.1 billion year-on-year increase in operating income.
In terms of negative factors, foreign exchange rates caused a loss of ¥4.2 billion. The yen was up almost 15 yen against the euro year on year, resulting in a significant loss of ¥3.1 billion. The strength of the yen against other European currencies caused a loss of ¥0.7 billion. Meanwhile, dollar exchange rates resulted in a loss of ¥0.2 billion.
Price fluctuations resulted in a loss of ¥1.8 billion. In Business Technologies Business, the range of fluctuation was kept in check by increasing the price of some products in the US and European markets and by efforts made to maintain sales prices in other businesses.
Fixed costs increased by ¥2.1 billion, mainly due to an increase in SG&A expenses in Business Technologies Business because of M&As.
These negative effects were offset by increases in sales volumes in Business Technologies Business and Industrial Business, resulting in a ¥3.1 billion year-on-year increase in operating income.