Net sales for the fiscal year ended March 31, 2015 increased by 34.8% from the previous fiscal year to total 500,676 million yen. Operating income was 60,101 million yen, which is 86.7% higher than it was last year. Net income was 39,887 million yen, up 91.0% from last year. Net sales, operating income, ordinary income and net income all reached record highs.
This outstanding performance was driven by an increase in external shipments of ball bearings, our mainstay product, a jump in LED backlight sales, improved motor business profitability as well as other factors. Due to the weaker Japanese yen, we estimate a year-on-year foreign exchange gain of 34.7 billion yen in net sales and 9.7 billion yen in operating income.
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