Highlights

Results by Business Segment

Net Sales Breakdown by Business Segment

(Year ended March 31, 2017)

graph: Net Sales Breakdown by Business Segment

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.

graph: Energy and Electric Systems Net Sales & Operating income

<Main Products and Business Lines>

photo: Next Generation Railway Vehicle Inverter

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, (open new window)electrical equipment for locomotives and rolling stock, (open new window)elevators, (open new window)escalators, building security systems, building management systems, (open new window)particle therapy systems, and others

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.

graph: Industrial Automation Systems Net Sales & Operating income

<Main Products and Business Lines>

photo: Sequencer (programmable controller)

(open new window)Programmable logic controllers, (open new window)inverters, (open new window)servomotors, (open new window)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, (open new window)computerized numerical controllers, (open new window)electrical discharge machines, (open new window)laser processing machines, (open new window)industrial robots, clutches, (open new window)automotive electrical equipment, (open new window)car electronics and car mechatronics, (open new window)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.

graph: Information and Communication Systems Net Sales & Operating income

<Main Products and Business Lines>

photo: Information System Integrated Operation Control Center

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

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.

graph: Electronic Devices Net Sales & Operating income

<Main Products and Business Lines>

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.

graph: Home Appliances Net Sales & Operating income

<Main Products and Business Lines>

graph: Household appliances to assist comfort and energy conservation

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.

graph: Others Net Sales & Operating income