In Asia, due to the slowdown in the growth of emerging countries and a reduction in domestic OEM production, net sales and operating income stood at ¥3,416 million (down 20.5% year on year) and ¥81 million (down 75.1% year on year), respectively.
In North America, while net sales mostly held steady at ¥1,101 million (down 1.9% year on year) due to aggressive sales activities, operating income came to ¥6 million (down 87.9% year on year) as a result of intensified competition.
In Europe, as a result of significant yen appreciation and a sluggish economy, net sales and an operating loss of ¥2,321 million (down 23.0% year on year) and ¥49 million (compared with an operating loss of ¥27 million in the same period last year) were respectively recorded.
Despite a lack of major improvements in domestic business as a result of the economy not yet fully recovering, due to factors including the acquisition of new customers through continual sales reinforcements, net sales of ¥934 million (up 2.1% year on year) were recorded. Furthermore, as a result of profit structure improvements and cost reduction measures, operating income came to ¥67 million (up 89.5% year on year).
In the Real-Estate Leasing Business, due to a decrease in lease properties accompanying the switchover to internal Group use for the Head Office Building, net sales and operating income stood at ¥149 million (down 62.5% year on year) and ¥105 million (down 53.8% year on year), respectively.
In Other Business, due to an environment of sluggish consumer spending and capital expenditures brought about by prolonged deflation, the business environment remains difficult for sports support products and design/drafting equipment products. As a result, net sales and an operating loss of ¥765 million (down 7.9% year on year) and ¥15 million (compared with an operating loss of ¥6 million in the same period last year) were respectively recorded.