Let's look at the performance for the Mitsumi business segment.
Net sales decreased 5.2% year on year to total 292.2 billion yen in the fiscal year ended March 31, 2020. While we saw a sharp revenue increase for optical devices, sales of mechanical components decreased due to a change in the product mix of some OEM products.
Operating income came to 18.7 billion yen, and the operating margin was 6.4%.
These figures represent a 16.3% year-on-year decrease in operating income and a 0.8 percentage point year-on-year decrease in the operating margin. Profits for optical devices and analog semiconductors grew while other businesses saw profits decrease.
In the fiscal year ending March 31, 2021, we expect optical devices to buoy sales. Also, the forecast includes ABLIC's forecast, which was merged with MinebeaMitsumi as of April 30, beginning in May.
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