Net sales for the fiscal year ended March 31, 2014 increased by 31.6% from the previous fiscal year to total 371,543 million yen. Operating income was 32,199 million yen, which is 3.2 times higher than it was last year. Net income was 20,878 million yen, which is 11.6 times more than what it was last year. Net sales and net income reached a record high, surpassing the previous peak recorded in the fiscal year ended in March 2008 when net sales were 334.4 billion yen and net income was 16.3 billion yen.
This outstanding performance was driven by an increase in external shipments of ball bearings, our main stay product, a jump in LED backlight sales, improved motor business profitability as well as other factors.
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