Implementation of Structural Reform

「• Convert fixed costs into variable costs through structural reform in Component Products」

「The operating loss was ¥1.1 billion, a deterioration of ¥4.5 billion year on year. Although the Manufacturing Platform business area benefited from increased revenue and structural reforms produced fixed-cost reductions, profit declined year on year due to the impact of lower revenue in the Components business area and the reversal of one-time income recorded in the same period of the previous year.」

「The operating loss was ¥700 million, an improvement of ¥400 million year on year, due to the impact of increased revenue in the Manufacturing Platform business area and the effects of fixed-cost reductions from structural reforms.」

「<Components & Platforms business> The operating loss was ¥800 million, an improvement of ¥700 million year on year, due to the effects of fixed-cost reductions from structural reforms and differences in project composition.」

「The structural reforms of the Information Equipment business being undertaken under the current medium-term management plan are steadily progressing, and improvements in the cost structure are advancing.」

「In addition, the quarterly net loss attributable to owners of the parent was ¥6.7 billion, a deterioration of ¥1.3 billion year on year, mainly because ¥2.5 billion in costs for improving the business structure associated with the winding down of the printer plant in China and structural reforms at sales subsidiaries in Europe and the United States was recorded as an extraordinary loss.」

「In addition, the quarterly net loss attributable to owners of the parent was ¥3.8 billion, a deterioration of ¥500 million year on year, mainly because ¥600 million in costs for improving the business structure associated with structural reforms at sales subsidiaries in Europe and the United States was recorded as an extraordinary loss.」

「In the Components & Platforms business, structural reforms to support future growth are progressing as planned, and have begun to produce some benefits.」

「Cost reductions from the various structural reform measures began to contribute, and some improvement in profitability progressed in the third quarter, helped also by foreign exchange effects and a temporary increase in consumables sales in Europe. However, for the nine-month period, profit declined as revenue decreased.」

「The quarterly net loss attributable to owners of the parent was ¥5.4 billion, a deterioration of ¥9.5 billion year on year. In addition to the factors described above, ¥1.8 billion in costs for improving the business structure was recorded in the current period, while the previous period included extraordinary income from the sale of non-operating assets and other items, resulting in a significant decline in profit.」

「Operating income was ¥300 million, an improvement of ¥1.6 billion year on year, due to the effects of structural reforms carried out mainly at overseas subsidiaries the previous year, despite the impact of lower sales.」

「The operating loss was ¥200 million, an improvement of ¥1.5 billion year on year, due to the effects of structural reforms carried out mainly at overseas subsidiaries the previous year, despite the impact of lower volumes.」

「The operating loss was ¥700 million, an improvement of ¥800 million year on year, due to the effects of structural reforms carried out mainly at overseas subsidiaries the previous year, despite the impact of lower volumes.」

「Operating income was ¥5.0 billion, an improvement of ¥7.8 billion year on year, due to improved profitability resulting from differences in the composition of sales projects in the Information and Telecommunications business, as well as fixed-cost reductions associated with business structural reforms and the benefit of the weaker yen in the Printer business.」

「Operating income was ¥2.9 billion, an increase of ¥2.3 billion year on year, due to fixed-cost reductions from business structural reforms carried out the previous year and the benefit of the weaker yen.」

「Operating income was ¥1.9 billion, an improvement of ¥2.4 billion year on year, due to fixed-cost reductions from business structural reforms carried out the previous year and the benefit of the weaker yen.」

「Operating income was ¥2.0 billion, an improvement of ¥2.7 billion year on year, due to fixed-cost reductions from business structural reforms and the benefit of the weaker yen.」

「Operating income was ¥600 million, an improvement of ¥1.4 billion year on year, due to business structural reforms and the benefit of the weaker yen.」

「In addition, the quarterly net loss attributable to owners of the parent was ¥4.8 billion, an improvement of ¥1.3 billion year on year, mainly because ¥1.2 billion in costs for improving the business structure of the Printer business was recorded as an extraordinary loss.」

「Operating income was ¥14.4 billion, an increase of ¥2.8 billion year on year, as profitability improved due to the effects of structural reforms despite the impact of lower volumes.」

「Operating profit was ¥1.2 billion, down ¥100 million year on year, as the impact of lower sales volume was almost completely offset by the effects of the structural reforms.」

「In addition to implementing structural reforms to support these initiatives, we will continue to steadily implement measures to strengthen our human resources, including shifting personnel to growth areas, hiring global talent and promoting the advancement of women.」