Here shows the difference between the forecast as of May and actual results for net sales and operating income by business segment for the first quarter.
While net sales for the machined components business segment started off the fiscal year with a bang, overall sales were generally in line with our forecast due to slowing sales to the automobile industry caused by a shortage of semiconductors.
In the electronic devices and components business segment, sales for electronic devices were higher than forecasted.
The Mitsumi business enjoyed higher-than-projected sales for mechanical components, analog semiconductors, and optical devices. The U-Shin business saw slightly higher-than-expected sales mainly in the automobile market.
Operating income for the machined components business segment were almost on a par with the forecast.
The electronic devices and components business enjoyed higher-than-expected operating income due mainly to the recovery of expenses in the previous fiscal year.
The Mitsumi business enjoyed higher-than-expected operating income as a result of increased sales.
The U-Shin business saw lower-than-expected operating income due mainly to the impact of the one-time cost for the consolidation of U-Shin's retirement benefit plans.
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