Finally, let's look at the AS segment.
Net sales increased 6.0% quarter on quarter to total 73.6 billion yen. This was mainly due to the addition of the results of Minebea AccessSolutions, which was integrated on January 27, 2023.
While our operating loss totaled 0.5 billion yen, the operating margin was -0.7%.
Operating margin dropped 32 percentage points quarter on quarter.
Compared to the results for the fourth quarter of the fiscal year ended March 31, 2023, excluding special factors such as foreign exchange forward contracts and other restructuring costs, operating margin for the first quarter of the fiscal year ending March 31, 2024 dropped 2.9 percentage points.
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