FY2016 Financial Earnings Highlights
Strong sales of Positioning Company and Smart Infrastructure Business. Eye care Business decreased profit due to higher upfront investment costs.
The Positioning Company net sales were 60,602 million yen thanks to growth in IT construction projects and year-on-year increases from IT agriculture for three consecutive quarters. Operating income was 5,596 million yen, a significant improvement compared to the previous fiscal year (up 3,211 million yen) thanks to the effect of new products, reductions to fixed costs, and cost reductions.
The Smart Infrastructure Business net sales were 33,091 million yen and operating income was 3,939 million yen. Although i-Construction sales in Japan increased and net sales in China and other parts of Asia improved, sales declined in Middle Eastern and South American markets.
* "i-Construction" is a registered trademark of National Institute for Land and Infrastructure Management, MLIT, JAPAN.
Eye Care Business net sales were 43,148 million yen. Despite the successful launch of the 3D OCT Maestro in the US and favorable OCT sales on the Chinese eye examination market, yen appreciation resulted in decline in price competitiveness in European markets and market competition in Japan intensified. Operating income was 2,598 million yen due to the impact of increased expenses related to forward-looking investments.
*As of April 1, 2016, the names of the Smart Infrastructure Company and the Eye Care Company were changed to the Smart Infrastructure Business and the Eye Care Business, respectively.