Now let's take a look at the quarterly results by segment, starting with the Precision Technologies business segment.
On the left is a graph indicating quarterly net sales trends and on the right is a graph with a bar chart quarterly operating income trends along with a line chart for operating margins.
Third quarter net sales increased 4.9% quarter on quarter to total 53.9 billion yen. Sales of ball bearings increased 2.9% quarter on quarter to total 38.2 billion yen.
The monthly external shipment volume was up 9.2% quarter on quarter for a monthly average of 219 million units. This was mainly due to an increase in automotive applications thanks to market recovery and content growth, as well as signs of slightly bottoming out in data center applications. Sales of rod-ends and fasteners, totaling 11.5 billion yen, were up 13.3% over the previous quarter. Sales of pivot assemblies up 1.9% quarter on quarter to total 4.3 billion yen.
Operating income for the quarter totaled 9.8 billion yen, and the operating margin was 18.2%.
On a quarter-on-quarter basis, operating income increased 8.3% while the operating margin improved 0.6 percentage points.
Looking at the results by product quarter on quarter, we see that operating income for rod-ends and fasteners and pivot assemblies increased.
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