Next, this slide provides an explanation of the Industrial Business.
For the first quarter of the fiscal year ending in March 2013, net sales grew 21% year on year to ¥40.6 billion, while operating income more than doubled year on year to ¥8.2 billion.
With the elimination of the impact of adjustments in production of digital consumer electronics and other products by our customers and flooding in Thailand, earnings expanded and improved significantly during the quarter under review in product areas including glass substrates for HDDs and lens units, and especially our core TAC films.
For the first quarter of the fiscal year ending in March 2013, net sales grew 21% year on year to ¥40.6 billion, while operating income more than doubled year on year to ¥8.2 billion.
With the elimination of the impact of adjustments in production of digital consumer electronics and other products by our customers and flooding in Thailand, earnings expanded and improved significantly during the quarter under review in product areas including glass substrates for HDDs and lens units, and especially our core TAC films.