Now let's look at the electronic devices & components segment.
Net sales decreased 4.7% quarter on quarter to hit 90.4 billion yen.
Looking at the results by product, we see that sales of motors increased 6.1% quarter on quarter to reach 62.4 billion yen. This is because the robust sales in all types of motors, mainly in the HDD and in the automobile market.
Sales of electronic devices were down 29.0% from the previous quarter to total 17.3 billion yen. This decrease was due primarily to a loss of approximately 4.1 billion yen incurred as a result of the transfer of some business beginning in the fiscal year ending March 31, 2022 (hereinafter referred to as the “impact of the business transfer"), as well as the seasonal demand decrease in LED backlights for our major customers.
For your reference, figures shown for the fiscal year ended March 2021 and before are based on the classifications used before changes to the business segments were made. Please note that the same applies to the rest of the presentation.
Sales of sensing device, totaling 8.0 billion yen, were down 10.2% from the previous quarter.
Operating income came to 7.9 billion yen, and the operating margin was 8.7%. On a quarter-on-quarter basis, operating income increased 39.2% while the operating margin rose 2.7 percentage points. Looking at the results by product, although profit of sensing device decreased, profits for electronic devices increased due mainly to the recovery of expenses in the previous fiscal year while profit of motor was about the same as the previous quarter.
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