Now let's take a look at the results by segment, starting with machined components business segment.
On the left is a graph indicating quarterly net sales trends and on the right is a graph with a bar chart showing quarterly operating income trends along with a line chart for operating margins.
Net sales for the second quarter were up 0.9 billion yen from what they were the previous quarter to reach 48.2 billion yen.
Ball bearings sales increased 2% quarter on quarter to total 31.1 billion yen. The average monthly external shipment volume hit an all-time high of 206 million units, marking a year-on-year increase for the 24th quarter in a row. The monthly production volume for August hit a record high of 302 million units.
Sales of rod-ends and fasteners, totaling 9.1 billion yen, were up 2% over the previous quarter.
Sales of pivot assemblies increased 2% over what they were in the previous quarter to total 8.0 billion yen. Pivot assemblies steadily contributed to our bottom line as we held on to an 80% plus market share.
Operating income for this quarter hit a record high of 12.5 billion yen to put the operating margin at 26.0%. Operating income was up 7% quarter on quarter while the operating margin was 1.2 percentage points higher than what it was last quarter.
Looking at the results by product, we see that profits for ball bearings, rod-ends/fasteners, and pivot assemblies all rose quarter on quarter.
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