Due to these drastic fall in sales volume, our
gross profit ratio fell 1.6% from 19.7% in fiscal
2000 to 18.1%.
Our selling, general and administrative (SG&A)
expenses increased 4.3 billion yen due to foreign
exchange fluctuations and an increase in expenses
in Europe. Therefore, our SG&A ratio deteriorated
by 2.4% from 14.9% in FY 2000 to 17.3%.
As a result, operating income fell 85% to 3.9
billion yen.
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