In the MLS segment, the operating margin for motors is finally approaching 9%. Currently, we are aiming for an operating income of 27 billion yen and sales of approximately 320 billion yen, which would result in an operating margin of over 8%. Although motors are our third spear (of the Eight Spear), the small precision motor market is expected to grow, and we will continue to steadily supply motors to this market.
Our LED backlights business for smartphone was completely closed last November.
There was no impairment associated with this, and we were able to conclude the year without any losses related to machinery and materials. Although LED backlights were once a strong driver of our profits, we are relieved to be able to close this business without any impairment losses. In the future, we will continue to grow our sensing devices and others. We also begin to produce HUD (Head-Up Display) products for the next generation of in-vehicle displays in the next fiscal year by integrating our backlight technology, which we expect to contribute to profits in the fiscal year after next. Finally there is no volatility of LED backlights for smartphone, and the MLS segment has evolved into a segment that will continue to grow steadily.
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