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Latest Update : Dec.14, 2018
Back to Financial Results (FY3/2019)
Investor Meeting Presentation for 2Q of FY3/2019 held on November 7, 2018
As explained earlier, Mitsumi's Chitose plant had a one-time loss of about one billion yen due to the earthquake in Hokkaido. Even though the first fiscal half results show that the LED backlight business was in the red, operating income in the first half totaled about 34 billion yen, which would suggest that we are stronger in lots of different ways. The machined components business segment's operating income target of 50 billion yen for this fiscal year was set when I first announced that we would aim for one trillion yen in net sales and/or 100 billion yen in operating income by the fiscal year ending March 2021. We can now expect to achieve this target two years ahead of schedule, and that means we are making improvements at a tremendous speed. While there have been reports about how Trump's tariffs will affect the Chinese economy, our diversified operations equips us with the ability to weather any storm that may lie ahead. I will go into more detail later on.
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