Highlights
Results by Business Segment
Net Sales Breakdown by Business Segment
(Year ended March 31, 2018)
Note : Financial data are presented in accordance with US GAAP.
Energy and Electric Systems
(Year ended March 31, 2018)
The social infrastructure systems business saw decreases in both orders and sales compared to the previous fiscal year due primarily to decreases in the transportation systems business outside Japan and the power systems business in Japan.
The building systems business remained substantially unchanged in orders, while sales increased compared to the previous fiscal year due primarily to growth in the renewal business in Japan and the new installation of elevators and escalators outside Japan.
As a result, total sales for this segment increased by 1% from the previous fiscal year to ¥1,241.9 billion. Operating income increased by ¥7.3 billion from the previous fiscal year to ¥51.7 billion due primarily to a shift in project portfolios.
<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, and others
Industrial Automation Systems
(Year ended March 31, 2018)
The factory automation systems business saw increases in both orders and sales from the previous fiscal year due primarily to growth in capital expenditures in the fields of organic light emitting diodes (OLED) mainly in Korea, smartphones and electric cars in China as well as buoyancy in exports by machinery manufacturers in Japan.
The automotive equipment business saw increases in both orders and sales from the previous fiscal year, due primarily to increases in sales volume of Japanese car manufacturers in China, as well as the weaker yen, despite decreased car sales in North America.
As a result, total sales for this segment increased by 10% from the previous fiscal year to ¥1,444.9 billion. Operating income increased by ¥50.7 billion from the previous fiscal year to ¥190.8 billion due primarily to an increase in sales.
<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, 2018)
The telecommunications equipment business saw decreases in both orders and sales compared to the previous fiscal year due primarily to decreased demand in communications infrastructure equipment.
The information systems and service business saw an increase in sales compared to the previous fiscal year, mainly owing to an increase in the system integrations business.
The electronic systems business saw an increase in orders compared to the previous fiscal year mainly due to increases in the defense systems and space systems businesses, while sales experienced a decrease compared to the previous fiscal year due primarily to a shift in large-scale projects in the defense systems business.
As a result, total sales for this segment decreased by 3% from the previous fiscal year to ¥436.0 billion. Operating income decreased by ¥0.7 billion from the previous fiscal year to ¥11.9 billion due primarily to a decrease in sales.
<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
Electronic Devices
(Year ended March 31, 2018)
The electronic devices business saw an increase in orders from the previous fiscal year due to increases in demand for power modules used in consumer and industrial applications, despite a decrease in demand for optical communication devices, and total sales increased by 8% compared to the previous fiscal year to ¥202.2 billion.
Operating income increased by ¥6.1 billion from the previous fiscal year to ¥14.5 billion due primarily to an increase in sales.
<Main Products and Business Lines>
Power modules, high-frequency devices, optical devices, LCD devices, and others
Home Appliances
(Year ended March 31, 2018)
The home appliances business saw a 4% increase in sales compared to the previous fiscal year to ¥1,049.3 billion, due to increases in sales of air conditioners in the European, Chinese and U.S. markets, in addition to positive influences caused by the weaker yen.
Operating income decreased by ¥13.6 billion compared to the previous fiscal year to ¥56.0 billion due primarily to increases in material prices and sales expenses.
<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, 2018)
Sales increased by 7% compared to the previous fiscal year to ¥764.3 billion mainly due to an increase in sales at affiliated companies involved in materials procurement.
Operating income increased by ¥0.6 billion to ¥23.9 billion from the previous fiscal year due primarily to an increase in sales.
