Let's look at the performance for the MITSUMI business segment.
Please note that we have included Minebea Connect (formerly SUMIKO TEC) in the scope of consolidation since November 1, 2022.
Net sales increased 33.0% quarter on quarter to total 182.7 billion yen. The factors behind this uptick include increased sales of optical devices and mechanical components associated with seasonal demand.
Operating income totaled 17.3 billion yen while the operating margin was 9.5%. Operating income increased 10.7% and the operating margin rose 1.9 percentage points quarter on quarter.
These figures reflect 1.7 billion yen of negative goodwill for Minebea Connect (formerly SUMIKO TEC). If this negative goodwill was not accounted for, operating income would be on a par with the previous quarter at 15.6 billion yen, and the operating margin would be 8.6%, a decrease of 2.8 percentage points quarter on quarter. This is mainly due to changes in the product mix.
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