For the second quarter of the fiscal year ending March 2017, net sales, operating income, ordinary income and net income all increased significantly compared to the previous quarter, despite the stronger Japanese yen. This is due to the fact that shipments of LED backlights have started and increased for this year's models with a slight delay and a hiccup, but without significant problems, and demand for automotive motors increased steadily.
We estimate that foreign currency translations have pushed net sales down by 24.4 billion yen year on year and down by 9.9 billion yen quarter on quarter while simultaneously pushing operating income down by 1.9 billion yen year on year and down by 1.4 billion yen quarter on quarter.
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