No category-specific facts could be extracted from this document.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Revenue recovered in China, Japan and Europe, and the effects of DELTA, together with higher revenue and a 2-percentage-point improvement in the cost ratio, increased gross profit. On the other hand, costs including materials and labor increased because of longer delivery times for new models for overseas customers, and production-order progress was delayed in the fourth quarter. Net income benefited from an extraordinary gain related to the acquisition of Unitika's SL business.