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Latest Update : Mar.2, 2017
Back to Financial Results (FY3/2017)
Investor Conference Call for 3Q FY 3/2017 held on February 13, 2017
Net sales and operating income for the third quarter of the fiscal year ending March 2017 grew quarter on quarter. This uptick was due mainly to the usual seasonal spike in orders for smartphone components occurring against the backdrop of steady demand for ball bearings and motors as well as a soaring US dollar that buoyed sales. If you were to disregard foreign currency translations, you could say both sales and profits were higher than what they were for the same period last year.
We estimate that foreign currency translations have pushed net sales down 21.2 billion yen year on year but up 3.2 billion yen quarter on quarter, while simultaneously pushing operating income down 3.1 billion yen year on year but up 0.7 billion yen quarter on quarter.
5page (total 27pages)
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