YOKOGAWA ELECTRIC CORPORATION （Japan GAAP）
October 31, 2014
Name of Listed Company: Yokogawa Electric Corporation (the "Company" herein)
Stock Exchanges Where the Company's Shares Are Listed: Tokyo Stock Exchange, Section 1
Stock Code: 6841 (URL: http://www.yokogawa.com/) Name and Position of the Representative: Takashi Nishijima, President and Chief Operating Officer
Name and Position of Person in Charge: Sadamu Kawanaka, General Manager of Corporate Communication Department
Telephone Number: +81-422-52-5530
Planned Quarterly Report Filing Date: November 13, 2014
Planned Dividend Payment Starting Date: December 5, 2014
Quarterly Financial Results Supplemental Materials: Yes
Quarterly Financial Results Presentation Meeting: Yes (for institutional investors)
(Any amount less than one million yen is disregarded.)
1. Consolidated business results for the first two quarters of the year ending March 31, 2015 (April 1-September 30, 2014) (1) Results of operations on a consolidated basis (accumulated)
(Percentages show the change from the same period of the previous year.)
Net Sales | Operating Income | Ordinary Income | Net Income | |
For first two quarters of year ending March 31, 2015 For first two quarters of year ended March 31, 2014 | Million yen % 184,381 2.7 179,619 9.1 | Million yen % 10,286 -6.5 11,007 25.6 | Million yen % 10,920 1.6 10,744 47.8 | Million yen % 7,608 17.3 6,487 -16.6 |
(Note) Comprehensive income: For first two quarters of year ending March 31, 2015 16,667 million yen (29.8%) For first two quarters of year ended March 31, 2014 12,845 million yen (242.7%)
Net Income per Share | Diluted Net Income per Share | |
For first two quarters of year ending March 31, 2015 For first two quarters of year ended March 31, 2014 | Yen 29.54 25.19 | Yen ― ― |
(2) Financial conditions on a consolidated basis
Total Assets | Net Assets | Shareholders' Equity Ratio | |
As of September 30, 2014 As of March 31, 2014 | Million yen 404,813 398,920 | Million yen 207,614 192,106 | % 49.7 46.9 |
(Note) Shareholders' equity: As of September 30, 2014: 201,101 million yen As of March 31, 2014: 187,255 million yen
2. Dividend status
Dividends per Share | |||||
June 30 | September 30 | December 31 | End of Term | Total | |
For year ended March 31, 2014 For year ending March 31, 2015 | Yen ― ― | Yen 6.00 6.00 | Yen ― | Yen 6.00 | Yen 12.00 |
For year ended March 31, 2014 For year ending March 31, 2015 | Yen ― ― | Yen 6.00 6.00 | |||
For year ending March 31, 2015 (forecast) | ― | Not finalized | Not finalized |
(Note) Adjustment on dividend forecast in this quarter: Yes
The plan for a yearly dividend for the year ending March 31, 2015 will be announced as soon as it is finalized.
3. Business forecast for the year ending March 31, 2015 (April 1, 2014-March 31, 2015)
(Percentages show the change from the previous year.)
Net Sales | Operating Income | Ordinary Income | Net Income | Net Income per Share | |
Annual | Million yen % 400,000 3.0 | Million yen % 28,000 8.1 | Million yen % 26,000 1.2 | Million yen % Not finalized － | Yen Not finalized |
(Note) Adjustment on consolidated business forecast in this quarter: Yes
The net income forecast for the year ending March 31, 2015 will be announced as soon as it is finalized.
－ 1 －
Consolidated Financial Results for the First Two Quarters of FY2014
Yokogawa Electric Corporation (6841)
(1) Changes to important subsidiaries during the period: No
(changes to consolidated subsidiaries accompanying changes to specific subsidiaries)
(2) Application of special methods for quarterly consolidated financial statements: No
(3) Changes in accounting policies, changes in accounting estimates, restatements a. Changes accompanying revision of accounting standards: No
b. Changes other than (a) above: No c. Changes in accounting estimates: No
d. Restatements: No
(4) Number of shares issued (common stock)
a. Number of shares outstanding at the end of the period (including treasury stock)
For the 2nd quarter of the year ending March 31, 2015 268,624,510 shares
For the year ended March 31, 2014 268,624,510 shares b. Treasury stock at the end of the period
For the 2nd quarter of the year ending March 31, 2015 11,086,674 shares
For the year ended March 31, 2014 11,085,537 shares c. Average number of shares in the period (quarterly consolidated accumulated period)
For the 2nd quarter of the year ending March 31, 2015 257,538,415 shares
For the 2nd quarter of the year ended March 31, 2014 257,543,333 shares
Note regarding the implementation of the quarterly review procedures
This quarterly consolidated financial results report is not subject to the quarterly review procedures specified in the
Financial Instruments and Exchange Act. A review of the quarterly financial statements based on the Act is not completed before the release of the quarterly consolidated financial results.
Note concerning appropriate use of business forecasts, etc.
The above forecasts are based on the information that was available at the time this document was released and involve assumptions regarding uncertain factors that may have an effect on future performance. Actual performance may vary greatly due to a variety of factors. Please refer to page 5 for a disclaimer regarding the assumptions used in performance forecasts, as well as the use of such forecasts.
Quarterly Financial Results Presentation Meeting
The Company plans to hold a quarterly financial results presentation meeting for institutional investors on Friday, October
31, 2014. The Company also plans to post the materials used at the meeting, promptly on its website.
－ 2 －
Consolidated Financial Results for the First Two Quarters of FY2014
Yokogawa Electric Corporation (6841)
Attachment
Contents
Page | ||
1. Qualitative Information on Quarterly Consolidated Financial Results | ......................... | 4 |
(1) Explanation of business results | ......................... | 4 |
(2) Explanation of financial conditions | ......................... | 4 |
(3) Explanation of consolidated business forecast and other expectations | ......................... | 4 |
2. Notes on Summary Information | ......................... | 5 |
3. Quarterly Consolidated Financial Statements | ......................... | 6 |
(1) Quarterly consolidated balance sheets | ......................... | 6 |
(2) Quarterly consolidated statements of income and statements of comprehensive income | ......................... | 8 |
Consolidated statements of income for the first two quarters of FY2014 | ......................... | 8 |
Consolidated statements of comprehensive income for the first two quarters of FY2014 | ......................... | 9 |
(3) Quarterly consolidated statements of cash flows | ......................... | 10 |
4. Notes on Quarterly Consolidated Financial Statements | ......................... | 11 |
(1) Notes for going concern | ......................... | 11 |
(2) Notes if there is a remarkable change in the amount of shareholders' equity | ......................... | 11 |
(3) Segment information | ......................... | 11 |
Consolidated Financial Statements for the First Two Quarters of FY2014 | ......................... | 12 |
－ 3 －
Consolidated Financial Results for the First Two Quarters of FY2014
Yokogawa Electric Corporation (6841)
1. Qualitative Information on Quarterly Consolidated Financial Results
(1) Explanation of business results
This section reviews the performance of the Yokogawa Group for the first two quarters of the current fiscal year, from April 1,
2014 to September 30, 2014.
The global economy continued to recover slowly. The U.S. economy improved steadily, but the nascent economic recovery that had been underway in Europe appears to have given way to renewed signs of a slowdown due to geopolitical concerns. Meanwhile, emerging economies grew only gradually at best, or continued on a downward trend. In Japan, although corporations reported improved results and stock prices remained high due to bold government fiscal and monetary policies that resulted in a weaker yen, the economy's growth trajectory has flattened somewhat due to repercussions of the April 2014 consumption tax hike.
Under these circumstances, the Group continued to strive for growth based on its Evolution 2015 mid-term business plan by focusing on the industrial automation and control business, which remained strong thanks to the growth in energy-related investment.
As a result, and mainly thanks to efforts to fill a backlog of orders for the industrial and control business, the Group's net sales in the first two quarters of the current fiscal year rose to 184.381 billion yen, up 4.761 billion yen year on year. However, due to factors such as a deterioration of the gross margin for the Japan control business and an increase in selling, general and administrative expenses as a result of active investment for the future, operating income fell to 10.286 billion yen, a decline of
720 million yen.
Despite the decreased operating income, ordinary income rose to 10.920 billion yen, a 176 million yen year on year increase, mainly thanks to increased foreign exchange gains and decreased interest payments. Net income came to 7.608 billion yen, up
1.121 billion yen, chiefly due to the recording of gains on the sale of investment securities.
Results by individual segment are outlined below.
The Group's sales tend to increase in the second and fourth quarters mainly in the industrial automation and control business.
Industrial Automation and Control Business
Although the mid- to long-term business environment is expected to remain robust due to increases in energy-related investment, orders for the industrial automation and control business in the first two quarters of the current fiscal year were down globally compared with the same period a year ago. However, mainly thanks to the continuing efforts to fill a backlog of orders, net sales were up to 163.017 billion yen, a 7.816 billion yen year on year increase. Meanwhile, due to factors such as the aforementioned deterioration of the gross margin for the Japan control business and the increase in selling, general and administrative expenses, operating income fell to 9.670 billion yen, a 996 million yen decrease.
Test and Measurement Business
In the first two quarters of the current fiscal year, net sales for the test and measurement business fell 2.416 billion yen year on year, to 11.330 billion yen. This decline was primarily due to the effects of the withdrawal from and sale of businesses during the previous fiscal year. Operating income was 736 million yen, up 353 million yen.
Other Businesses
In our other businesses segment, for the first two quarters of the current fiscal year, net sales were down 638 million yen from a year earlier, to 10.033 billion yen, and the operating loss increased by 77 million yen, to 119 million yen.
(2) Explanation of financial conditions
In comparison with the end of the previous fiscal year, total assets at the end of the second quarter of the current fiscal year increased by 5.892 billion yen, to 404.813 billion yen, mainly due to an increase in cash and deposits. Total liabilities decreased by 9.615 billion yen, to 197.198 billion yen, principally because of a decrease in notes and accounts payable-trade. Net assets increased by 15.508 billion yen, to 207.614 billion yen, chiefly due to an increase in retained earnings. As a result, the shareholders' equity ratio at the end of the second quarter of the current fiscal year was 49.7%, up 2.8 percentage points from the end of the previous fiscal year.
The cash flow from operating activities in the first two quarters of the current fiscal year was a net inflow of 13.337 billion yen, up 5.488 billion yen from the same period of the previous fiscal year, mainly due to a decrease in trade receivables. The cash flow from investing activities was a net outflow of 3.164 billion yen, down 1.947 billion yen, chiefly due to proceeds from sales of shares of subsidiaries. The cash flow from financing activities was a net outflow of 1.999 billion yen, up 224 million yen, mainly because of an increase in dividend payments.
As a result, the balance of cash and cash equivalents at the end of the second quarter of the current fiscal year was 64.702 billion yen, up 8.844 billion yen from the end of the previous fiscal year.
(3) Explanation of consolidated business forecast and other expectations
Considering the results for the first two quarters and currently available information on changes in the business environment, we see no need to change the previously announced full-year consolidated business forecast for the Group's sales, operating income, and ordinary income in fiscal year 2014.
－ 4 －
Consolidated Financial Results for the First Two Quarters of FY2014
Yokogawa Electric Corporation (6841)
However, regarding the Group's net income, we have decided to delay our announcement of a full-year forecast. This is because, as announced on September 2, 2014, we are soliciting applications from employees for a voluntary retirement program and will record associated expenses as extraordinary losses within the current fiscal year. The number of applicants is not yet known, and therefore it is difficult to rationally assess these expenses. As soon as this assessment can be made, we will announce the revised full-year forecast.
Revision to forecast of consolidated results for FY2014 (April 1, 2014-March 31, 2015) Unit: million yen
Net Sales | Operating Income | Ordinary Income | Net Income | Net Income per Share | |
Previous forecast announced on May 13, 2014 (A) | 400,000 | 28,000 | 26,000 | 14,000 | 54.36 |
Revised forecast announced on October 31, 2014 (B) | 400,000 | 28,000 | 26,000 | Not finalized | Not finalized |
Difference (B)-(A) | － | － | － | － | － |
Difference (%) | － | － | － | － | － |
［Reference］ Results of year ended March 31, 2014 | 388,463 | 25,893 | 25,679 | 12,341 | 47.92 |
Note: For the consolidated business forecast, the Company assumes an exchange rate of 1$ = 100 yen and 1€ = 135 yen.
[Reference]
1. Order forecast by segment (full year) Unit: billion yen
Segment | Full year | ||
Segment | Previous forecast | Revised forecast | Change |
Industrial automation and control business | 370.0 | 370.0 | － |
Test and measurement business | 25.0 | 25.0 | － |
Other businesses | 22.0 | 22.0 | － |
Total | 417.0 | 417.0 | － |
2. Sales forecast by segment (full year) Unit: billion yen
Segment | Full year | ||
Segment | Previous forecast | Revised forecast | Change |
Industrial automation and control business | 353.0 | 353.0 | － |
Test and measurement business | 25.0 | 25.0 | － |
Other businesses | 22.0 | 22.0 | － |
Total | 400.0 | 400.0 | － |
3. Operating income forecast by segment (full year) Unit: billion yen
Segment | Full year | ||
Segment | Previous forecast | Revised forecast | Change |
Industrial automation and control business | 26.0 | 26.0 | － |
Test and measurement business | 1.5 | 1.5 | － |
Other businesses | 0.5 | 0.5 | － |
Total | 28.0 | 28.0 | － |
Notes regarding the use of forecasts
The above forecasts are based on certain assumptions deemed reasonable by Yokogawa at the present time, and may differ from actual business results.
Major factors that may affect business performance include the following:
・ Fluctuations in the US dollar, the euro, Asian currencies, Middle Eastern currencies, etc., relative to the yen
・ Sudden changes in political and economic conditions in major markets
・ Changes in trade regulations or other aspects that have an impact on the business environment
・ Sudden fluctuations in supply or demand
・ Fluctuations in Japanese share prices
・ Protection of Yokogawa patents and the licensing of patents held by other companies
・ Alliances with other companies for product development or other purposes
・ Earthquakes, floods, tsunamis, and other natural disasters
2. Notes on Summary Information
Not applicable
－ 5 －
Consolidated Financial Results for the First Two Quarters of FY2014
Yokogawa Electric Corporation (6841)
3. Quarterly Consolidated Financial Statements
(1) Quarterly consolidated balance sheets
Assets
Current assets
(Reference) End of FY2013 (March 31, 2014)
Millions of yen
End of FY2014 2nd quarter
(September 30, 2014)
Cash and deposits 57,296 65,743
Notes and accounts receivable-trade 135,053 126,194
Merchandise and finished goods 15,686 16,690
Work in process 8,497 9,488
Raw materials and supplies 10,260 10,530
Other 17,106 17,287
Allowance for doubtful accounts (3,918) (4,129) Total current assets 239,983 241,804
Noncurrent assets
Property, plant and equipment
Buildings and structures, net 47,987 48,152
Other, net 34,629 34,104
Total property, plant and equipment 82,616 82,256
Intangible assets
Software 19,315 18,674
Other 6,929 6,898
Total intangible assets 26,245 25,573
Investments and other assets
Investment securities 40,260 46,562
Other 10,261 8,937
Allowance for doubtful accounts (446) (321) Total investments and other assets 50,075 55,178
Total assets 398,920 404,813
－ 6 －
Consolidated Financial Results for the First Two Quarters of FY2014
Yokogawa Electric Corporation (6841)
Liabilities
Current liabilities
(Reference) End of FY2013 (March 31, 2014)
Millions of yen
End of FY2014 2nd quarter
(September 30, 2014)
Notes and accounts payable-trade 32,461 26,077
Short-term loans payable 19,286 19,166
Accounts payable-other 10,265 8,208
Income taxes payable 4,665 3,412
Advances received 28,581 31,696
Provision for bonuses 13,481 8,925
Other 27,090 26,161
Total current liabilities 135,833 123,648
Noncurrent liabilities
Long-term loans payable 62,120 62,009
Net defined benefit liability 2,895 3,461
Other 5,964 8,079
Total noncurrent liabilities 70,980 73,549
Total liabilities 206,814 197,198
Net assets
Shareholders' equity
Capital stock 43,401 43,401
Capital surplus 50,344 50,344
Retained earnings 100,470 106,537
Treasury stock (11,015) (11,016) Total shareholders' equity 183,201 189,265
Accumulated other comprehensive income
Deferred gains or losses on hedges | (80) | 228 |
Foreign currency translation adjustment | (3,945) | (259) |
Remeasurements of defined benefit plans | (511) | (746) |
Minority interests 4,851 6,512
Total net assets 192,106 207,614
Total liabilities, net assets 398,920 404,813
－ 7 －
Consolidated Financial Results for the First Two Quarters of FY2014
Yokogawa Electric Corporation (6841)
(2) Quarterly consolidated statements of income and statements of comprehensive income
Consolidated statements of income for the first two quarters of FY2014
(Reference)
First two quarters of FY2013 (April 1-September 30, 2013)
Millions of yen
First two quarters of FY2014 (April 1-September 30, 2014)
Net sales 179,619 184,381
Cost of sales 103,995 107,728
Gross profit (loss) 75,624 76,652
Selling, general and administrative expenses 64,617 66,366
Operating income (loss) 11,007 10,286
Non-operating income
Interest income 209 248
Dividend income 348 381
Foreign exchange gains 493 808
Equity in earnings of affiliates 231 81
Other 609 649
Total non-operating income 1,893 2,169
Non-operating expenses
Interest expenses 1,154 922
Other 1,001 612
Total non-operating expenses 2,156 1,535
Ordinary income (loss) 10,744 10,920
Extraordinary income
Gain on sale of noncurrent assets 73 19
Gain on sale of investment securities 108 780
Gain on change in equity － 311
Total extraordinary income 181 1,112
Extraordinary losses
Loss on sale of noncurrent assets 76 9
Loss on retirement of noncurrent assets 128 222
Loss on valuation of investment securities 7 －
Total extraordinary losses 212 232
Income (loss) before income taxes and minority interests 10,713 11,800
Income taxes-current 3,668 3,780
Income taxes-deferred (153) (546) Total income taxes 3,514 3,234
Income (loss) before minority interests 7,198 8,566
Minority interests in income (loss) 710 957
Net income (loss) 6,487 7,608
－ 8 －
Consolidated Financial Results for the First Two Quarters of FY2014
Yokogawa Electric Corporation (6841)
Consolidated statements of comprehensive income for the first two quarters of FY2014
(Reference)
First two quarters of FY2013 (April 1-September 30, 2013)
Millions of yen
First two quarters of FY2014 (April 1-September 30, 2014)
Income (loss) before minority interests 7,198 8,566
Other comprehensive income
Valuation difference on available-for-sale securities 3,370 4,045
Deferred gains or losses on hedges (161) 308
Foreign currency translation adjustment 2,535 3,957
Remeasurements of defined benefit plans (112) (43)
Total other comprehensive income | 5,646 | 8,101 |
Comprehensive income | 12,845 | 16,667 |
（Comprehensive income attributable to） |
Comprehensive income attributable to minority interests 852 1,277
－ 9 －
Consolidated Financial Results for the First Two Quarters of FY2014
Yokogawa Electric Corporation (6841)
(3) Quarterly consolidated statements of cash flows
Net cash provided by (used in) operating activities
(Reference)
First two quarters of FY2013 (April 1-September 30, 2013)
Millions of yen
First two quarters of FY2014 (April 1-September 30, 2014)
Income (loss) before income taxes and minority interests 10,713 11,800
Depreciation and amortization 6,592 6,776
Increase (decrease) in allowance for doubtful accounts (10) (107) Increase (decrease) in provision for bonuses (3,431) (4,546) Decrease (increase) in notes and accounts receivable-
trade 5,936 14,884
Decrease (increase) in inventories (3,201) (1,509) Increase (decrease) in notes and accounts payable-trade (3,851) (8,277) Increase (decrease) in accounts payable-other 1,161 307
Loss (gain) on sales of investment securities (108) (780) Loss (gain) on change in equity － (311)
Other (2,207) 2,393
Subtotal 11,593 20,627
Interest and dividend income received 1,437 1,487
Interest expenses paid (1,138) (894) Payments for transfers compensation (151) (2,721) Income taxes (paid) refund (3,891) (5,162) Net cash provided by (used in) operating activities 7,849 13,337
Net cash provided by (used in) investing activities
Payments into time deposits (289) (205) Proceeds from withdrawal of time deposits 89 668
Purchase of property, plant and equipment (3,641) (3,695) Proceeds from sale of property, plant and equipment 402 62
Purchase of intangible assets (2,299) (2,571)
Proceeds from sales and redemption of investment securities | ||
Proceeds from sales and redemption of investment securities | － | 610 |
Proceeds from sales and redemption of investment securities | 610 |
Proceeds from sales of shares of subsidiaries resulting in
change in scope of consolidation － 806
Other 626 1,159
Net cash provided by (used in) investment activities (5,111) (3,164) Net cash provided by (used in) financing activities
Net increase (decrease) in short-term loans payable (235) (292)
Repayment of long-term loans payable (198) (110) Cash dividends paid (1,287) (1,543) Cash dividends paid to minority shareholders (19) (740)
Proceeds from share issuance to minority shareholders － 721
Other (33) (35) Net cash provided by (used in) financing activities (1,775) (1,999)
Effect of exchange rate change on cash and cash equivalents 1,200 671
Net increase (decrease) in cash and cash equivalents 2,162 8,844
Cash and cash equivalents at beginning of period 58,826 55,857
Cash and cash equivalents at end of period 60,988 64,702
－ 10 －
Consolidated Financial Results for the First Two Quarters of FY2014
Yokogawa Electric Corporation (6841)
4. Notes on Quarterly Consolidated Financial Statements
(1) Notes for going concern
Not applicable
(2) Notes if there is a remarkable change in the amount of shareholders' equity
Not applicable
(3) Segment information
Segment sales and profits (losses) Millions of yen
Term Business | (Reference) First two quarters of FY2013 (Apr. 1-Sep. 30, 2013) | First two quarters of FY2014 (Apr. 1-Sep. 30, 2014) | Change | |
Industrial automation and control business | Net sales to unaffiliated customers | 155,200 | 163,017 | 7,816 |
Industrial automation and control business | Operating income | 10,666 | 9,670 | (996) |
Test and measurement business | Net sales to unaffiliated customers | 13,747 | 11,330 | (2,416) |
Test and measurement business | Operating income (loss) | 383 | 736 | 353 |
Other businesses | Net sales to unaffiliated customers | 10,671 | 10,033 | (638) |
Other businesses | Operating income (loss) | (42) | (119) | (77) |
Consolidated | Net sales to unaffiliated customers | 179,619 | 184,381 | 4,761 |
Consolidated | Operating income (loss) | 11,007 | 10,286 | (720) |
[Reference]
Sales by geographical location Millions of yen
(Note) Sales are based on a customer's geographical location (classified above as a country or region).
The breakdown of countries and regions belonging to groups is as follows. (1) Asia China, Singapore, South Korea, India, etc.
(2) Europe The Netherlands, France, the United Kingdom, Germany, etc.
(3) North America The United States, Canada (4) Middle East Bahrain, Saudi Arabia, etc. (5) Other Russia, Brazil, Australia, etc.
－ 11 －
Consolidated Financial Results for the First Two Quarters of FY2014
Yokogawa Electric Corporation (6841)
[Reference]
October 31, 2014
Yokogawa Electric Corporation
Consolidated Financial Statements for the First Two Quarters of FY2014Millions of yen
First two quarters of FY2013 | First two quarters of FY2014 | Change | ||||
Amount | Ratio to Net Sales | Amount | Ratio to Net Sales | Amount | Ratio to Net Sales | |
Net Sales | 179,619 | ― | 184,381 | ― | 4,761 | ― |
Operating Income | 11,007 | 6.1% | 10,286 | 5.6% | (720) | -0.5% |
Ordinary Income | 10,744 | 6.0% | 10,920 | 5.9% | 176 | -0.1% |
Net Income | 6,487 | 3.6% | 7,608 | 4.1% | 1,121 | 0.5% |
Total Assets | 388,661 | 404,813 | 16,151 | |||
Shareholders' Equity | 183,996 | 207,614 | 23,617 | |||
Net Income to Shareholders' Equity Ratio | 3.7% | 3.9% | 0.2% | |||
Net Income per Share | 25.19 yen | 29.54 yen | 4.35 yen | |||
Capital Investment | 6,441 | 4,996 | (1,445) | |||
Depreciation | 6,592 | 6,776 | 183 | |||
Research and Development Expenses | 12,511 | 12,729 | 217 | |||
Average Exchange Rate during the Term | ||||||
USD | 99.05 yen | 103.53 yen | 4.48 yen | |||
EUR | 130.56 yen | 138.53 yen | 7.97 yen |
Consolidated orders by segment Millions of yen
First two quarters of FY2013 | First two quarters of FY2014 | FY2014 Full year (Forecast) | |
Industrial automation and control business | 194,150 | 182,090 | 370,000 |
Measurement business | 13,342 | 11,048 | 25,000 |
Other businesses | 8,634 | 12,136 | 22,000 |
Total | 216,127 | 205,275 | 417,000 |
Consolidated sales by segment Millions of yen
First two quarters of FY2013 | First two quarters of FY2014 | FY2014 Full year (Forecast) | |
Industrial automation and control business | 155,200 | 163,017 | 353,000 |
Measurement business | 13,747 | 11,330 | 25,000 |
Other businesses | 10,671 | 10,033 | 22,000 |
Total | 179,619 | 184,381 | 400,000 |
Consolidated operating income by segment Millions of yen
First two quarters of FY2013 | First two quarters of FY2014 | FY2014 Full year (Forecast) | |
Industrial automation and control business | 10,666 | 9,670 | 26,000 |
Measurement business | 383 | 736 | 1,500 |
Other businesses | (42) | (119) | 500 |
Total | 11,007 | 10,286 | 28,000 |
－ 12 －
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