Here shows the difference between the forecast as of November and actual results for net sales and operating income by business segment for the third quarter.
In PT sales, bearing products primarily affected by the slowdown in the automotive market and products for aircraft fell short of expectations.
In MLS sales, motors for HDDs were strong, and motors for automotive and non-automotive were generally in line with expectations, but sales of electronic devices fell short of the forecast.
SE sales was lower than expected in optical devices, mainly affected by the slowdown in the smartphone market.
AS sales was below the forecast due to the impact of the slowdown in the Chinese and European markets.
With regard to the operating income, PT and MLS was generally in line with the forecast.
SE was below the forecast mainly due to the decrease in optical devices.
AS fell short of the forecast.