Looking at consolidated business results for the first half of the fiscal year ending March 31, 2014, we see that net sales were up 30.0% year on year to total 180,799 million yen. Operating income climbed 68.9% year on year to reach 13,003 million yen while net income hit 8,772 million yen, 2.4 times what it was a year ago.
Sales and profits top forecast revised in July. The upturn in the global economy buoyed demand for many of our products, driving sales and profits much higher than the upward revision made to the forecast in July. Profitability improved and profits rose significantly due to increased production volume and better factory utilization. In terms of products, an increased external shipment volume for ball bearings, a rapid increase in sales of LED backlights and better profitability in motor businesses were main factors behind this significant improvement.
Download
Previous
You need Adobe Reader® to view these documents. Click on Adobe Reader icon on the left to download the software from the Adobe Systems website.
