For the second quarter of the fiscal year ending March 31, 2014, net sales were 95,482 million yen. That's up 35.5% from the same period last year and an increase of 11.9% over the previous quarter. Operating income was 9,465 million yen, 2.4 times that of the same period last year and 2.7 times that of the previous quarter. Net income totaled 5,920 million yen, 3.0 times that of the same period last year and 2.1 times that of the previous quarter.
These quarterly sales as well as operating income and ordinary income figures are record highs since we started disclosing our quarterly performance results in the fiscal year ended March 31, 2002. We estimated the foreign exchange gains for sales, mainly due to the weaker Japanese yen, to be approximately 15.9 billion yen on a year-on-year basis and 0.5 billion yen on a quarter-on-quarter basis. Foreign exchange gains also boosted operating income an estimated 2.4 billion yen year on year and 1.8 billion yen quarter on quarter mainly due to weaker emerging countries' currencies such as Thai baht. Those positive impacts were amplified by the lowered production costs in terms of local currencies such as Thai baht caused by increased production volume and better efficiency.
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