Now let's look at the MLS segment.
Net sales decreased 0.8% quarter on quarter to total 91.9 billion yen.
Looking at the results by product, we see that sales of motors increased 0.6% quarter on quarter to reach 69.5 billion yen. This is mainly due to solid sales, particularly of motors for automotive applications.
Sales of electronic devices were down 3.2% from the previous quarter to total 12.7 billion yen.
Sales of sensing device, totaling 8.9 billion yen, were down 6.6% from the previous quarter.
Operating income came to 2.8 billion yen, and the operating margin was 3.1%.
On a quarter on quarter basis, operating income decreased by 22.2%, and the operating margin was down by 0.8 percentage points.
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