FY2017First statedAnnual report
「The group's net sales were ¥10,124 million, down 8.1% year on year. In terms of earnings, we continued measures to improve profitability, including improvements to production systems and cost reductions, but these did not fully offset the decline in net sales. Operating profit fell 30.2% to ¥473 million, ordinary profit fell 27.6% to ¥575 million, and net income attributable to owners of the parent fell 28.0% to ¥469 million. The Machinery Parts business reported net sales of ¥5,478 million, down 15.1% year on year, and operating profit of ¥623 million, down 43.5%. The Electrical Components business reported net sales of ¥4,691 million, up 1.4% year on year, while operating profit increased from ¥24 million to ¥292 million.」
For the full year, the company as a whole reported lower revenue and profit. The Machinery Parts business reported lower revenue and profit, while the Electrical Components business reported higher revenue and substantially higher profit.