Now let's look at the electronic devices & components segment.
Net sales decreased 7.5% quarter on quarter to total 90.7 billion yen.
Looking at the results by product, we see that sales of motors decreased 8.3% quarter on quarter to reach 65.4 billion yen. This is mainly due to declining demand for HDD motors.
Sales of electronic devices were down 7.8% from the previous quarter to total 14.3 billion yen. This is due to declined sales of LED backlight models used by our key customers.
Sales of sensing device, totaling 9.9 billion yen, were down 2.4% from the previous quarter.
Operating income came to 2.0 billion yen, and the operating margin was 2.2%. On a quarter-on-quarter basis, operating income decreased 37.8% while the operating margin dropped 1.1 percentage points.
The results include a loss of 1.4 billion yen due to the special factor of foreign exchange effects noted earlier.
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