Connected Terminal

While orders in the automobile and power-assisted bicycle sectors have been strong, a decrease in orders in the solar power generation and home appliance sectors led to fairly flat net sales in Japan.
Operating income fell due to higher costs associated with the weak yen as well as our product mix.
Earnings and profit from overseas dropped due to a decline in orders caused by lower demand for two-wheeled vehicle parts in Indonesia and Vietnam, while another contributing factor was the change to PT. RHYTHM KYOSHIN INDONESIA's accounting period, which consolidated 15 months of results into the previous fiscal year.
Consequently, net sales for the consolidated fiscal year amounted to 7,839 million yen, down 19.6% from 9,756 million yen in the previous fiscal year. Operating profit amounted to 501 million yen, down 47.8% from 960 million yen in the previous fiscal year

Outlook for the Future Topics

Booth at Electronica 2015

While orders in the automobile and power-assisted bicycle sectors have been strong, a decrease in orders in the solar power generation and home appliance sectors led to fairly flat net sales in Japan. Operating income fell due to higher costs associated with the weak yen as well as our product mix.
Earnings and profit from overseas dropped due to a decline in orders caused by lower demand for two-wheeled vehicle parts in Indonesia and Vietnam, while another contributing factor was the change to PT. RHYTHM KYOSHIN INDONE SIA's accounting period, which consolidated 15 months of results into the previous fiscal year.
Consequently, net sales for the consolidated fiscal year amounted to 7,839 million yen, down 19.6% from 9,756 million yen in the previous fiscal year. Operating profit amounted to 501 million yen, down 47.8% from 960 million yen in the previous fiscal year.

Topics

Booth at Electronica 2015

We joined Electronica 2015, the 26th annual International Trade Fair for Electronic Components, Systems and Applications held in Munich, Germany in November 2015. Weexhibited connectors at a booth run by Thora, a German trading firm that acts as a dealer for RHYTHM KYOSHIN.

New Representative Office in Hong Kong

We opened a new representative office in Hong Kong to conduct market research there and in China.

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