Investor Relations – Results by Business Segment

Net Sales Breakdown by Business Segment

(Year ended March 31, 2017)

Energy and Electric Systems

(Year ended March 31, 2017)

The social infrastructure systems business saw an increase in orders compared to the previous fiscal year due to increases in the transportation systems and the public utility systems businesses in Japan, while sales decreased compared to the previous fiscal year due to a decrease in the power systems business inside and outside Japan. In addition, the stronger yen had the negative influences.

The building systems business experienced decreases in both orders and sales compared to the previous fiscal year, due primarily to negative influences caused by the stronger yen, despite growth in the renewal business in Japan, as well as the installation business of new elevators and escalators outside Japan.

As a result, total sales for this segment decreased by 3% from the previous fiscal year to ¥1,227.9 billion. Operating income decreased by ¥6.0 billion from the previous fiscal year to ¥44.3 billion due primarily to the decrease in sales.

Net sales and Operating income of Energy and Electric Systems

<Main Products and Business Lines>

Turbine generators, hydraulic turbine generators, nuclear power plant equipment, motors, transformers, power electronics equipment, circuit breakers, gas insulated switchgears, switch control devices, surveillance-system control and security systems, large display devices, electrical equipment for locomotives and rolling stock, elevators, escalators, building security systems, building management systems, particle therapy systems, and others

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Industrial Automation Systems

(Year ended March 31, 2017)

The factory automation systems business saw an increase in orders compared to the previous fiscal year due primarily to growth in capital expenditures in the fields of smartphones and electric cars in China and organic light emitting diodes (OLED) mainly in Korea, while sales remained unchanged compared to the previous fiscal year due primarily to negative influences caused by the stronger yen.

The automotive equipment business saw decreases in both orders and sales compared to the previous fiscal year due primarily to stagnation in light motor car sales in Japan and the negative influences caused by the stronger yen, despite a buoyancy in car sales mainly in Europe.

As a result, total sales for this segment decreased by 1% from the previous fiscal year to ¥1,310.1 billion. Operating income decreased by ¥19.0 billion from the previous fiscal year to ¥140.0 billion due primarily to the negative influence of the stronger yen.

Net sales and Operating income of Industrial Automation Systems

<Main Products and Business Lines>

Programmable logic controllers, inverters, servomotors, human-machine interface, motors, hoists, magnetic switches, no-fuse circuit breakers, short circuit breakers, transformers for electricity distribution, time and power meters, uninterruptible power supply, industrial fans, computerized numerical controllers, electrical discharge machines, laser processing machines, industrial robots, clutches, automotive electrical equipment, car electronics and car mechatronics, car multimedia, and others

Information and Communication Systems

(Year ended March 31, 2017)

The telecommunications equipment business saw decreases in both orders and sales compared to the previous fiscal year due primarily to the sellout of an affiliated company in the beginning of the fiscal year and decreased sales of communications infrastructure equipment.

The information systems and service business saw a decrease in sales compared to the previous fiscal year, mainly owing to a decrease in the system integrations business.

The electronic systems business saw no change in orders, while sales decreased compared to the previous fiscal year due to a decrease in large-scale projects in the space systems business.

As a result, total sales for this segment decreased by 20% from the previous fiscal year to ¥447.7 billion. Operating income decreased by ¥2.2 billion from the previous fiscal year to ¥12.7 billion due primarily to the decrease in sales.

Net sales and Operating income of Information and Communication Systems

<Main Products and Business Lines>

Wireless and wired communications systems, network camera systems, satellite communications equipment, satellites, radar equipment, antennas, missile systems, fire control systems, broadcasting equipment, data transmission devices, network security systems, information systems equipment, systems integration, and others

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Electronic Devices

(Year ended March 31, 2017)

The electronic devices business saw an increase in orders compared to the previous fiscal year due to an increase in demand for optical communication devices, while sales decreased by 12% from the previous fiscal year to ¥186.5 billion, due to a decrease in demand for power modules and TFT-LCD modules, along with the negative influences caused by the stronger yen.

Operating income decreased by ¥8.4 billion compared to the previous fiscal year to ¥8.3 billion due primarily to the decrease in sales.

Net sales and Operating income(loss) of Electronic Devices

<Main Products and Business Lines>

Power modules, high-frequency devices, optical devices, LCD devices, and others


Home Appliances

(Year ended March 31, 2017)

Sales of the home appliances business stood at ¥1,004.4 billion, an increase of 2% compared to the previous fiscal year, due to increases in sales of air conditioners in the European, Chinese and North American markets and in sales of residential and industrial air conditioners in Japan, despite the negative influence of the stronger yen.

Operating income increased by ¥5.8 billion compared to the previous fiscal year to ¥69.6 billion largely due to the increase in sales.

Net sales and Operating income of Home Appliances

<Main Products and Business Lines>

Room air conditioners, package air conditioners, chillers, showcases, compressors, refrigeration units, air-to-water heat pump boilers, ventilators, photovoltaic systems, hot water supply systems, IH cooking heaters, LED lamps, fluorescent lamps, indoor lighting, LCD televisions, refrigerators, electric fans, dehumidifiers, air purifiers, cleaners, jar rice cookers, microwave ovens, and others

Others

(Year ended March 31, 2017)

Sales increased by 1% compared to the previous fiscal year to ¥713.6 billion due to increases mainly at affiliated companies involved in materials procurement.

Operating income decreased by ¥0.4 billion to ¥23.2 billion from the previous fiscal year due primarily to the negative influence of the stronger yen.

Net sales and Operating income of Others
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