Business Results by Business Segments
- Automotive Products -
Sales
Operating income / margin
- Demand remained robust overall. Sales increased 12.7% YOY with increase in sales of hub unit bearings, needle roller bearings, AT components and electric power steering (EPS) systems.
- Operating income increased 30.5% YOY due to volume growth, reduction of external procurement costs, and improvement of productivity.
Profitability improved steadily.