The graphs show net sales and operating income for the machined components business segment each year.
Net sales for the fiscal year ended March 31, 2009 totaled 115.9 billion yen, down 19.6% from the previous fiscal year. Sales were down in all areas including ball bearings, rod-end bearings, pivot assemblies and other machined components. Operating income was also down 37.1% to 17.5 billion yen due mainly to the deficit in pivot assemblies as well as significant decreases in profit for ball bearings, rod-end bearings, and other machined components.
Sales for the fiscal year ending March 31, 2010 are projected to decline from the previous year in all areas, reaching between 104.2 billion yen and 93.3 billion yen. Since we expect only a slow recovery in sales, operating income is likely to decrease for ball bearings and rod-end bearings and remain flat for other machined components, while operating income will be back in the black for pivot assemblies.
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