In the machined components segment, net sales rose 3.4% from the previous quarter to total 38.5 billion yen while operating income increased 4.2% to reach 9.5 billion yen. At the same time the operating margin increased 0.2 percentage points to hit 24.7%. This increase was due mainly to non-stop record-high ball bearing shipments as well as the positive impact from a stronger US dollar.
Sales of ball bearings increased 4% to reach 23.1 billion yen as operating income topped the previous quarter's total. Monthly external shipment volumes reached an average of 179 million units in the third quarter, significantly surpassing the previous record high for 17 continuous quarters of year-on-year growth.
Sales of rod-ends and fasteners fell 4% from the previous quarter to hit 6.8 billion yen due to the Christmas holidays in the U.S.A. and Europe. Profits also decreased quarter on quarter.
Sales of pivot assemblies were up 10% quarter on quarter at 8.7 billion yen and our market share has risen even higher to reach 80% as the rebound of the HDD market that began last spring continues.
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