Mr. Shinichi Araya
Senior Vice President
I would like to discuss the reasons for changes in monetary sales in the passive components segment from the fourth quarter of fiscal 2011 to the first quarter of fiscal 2012.
First-quarter sales for the passive components business as a whole were ¥101.7 billion, ¥3.3 billion, or 3.1%, lower than the ¥105.0 billion recorded in the fourth quarter of fiscal 2011.
Looking at first-quarter capacitor sales first, sales increased ¥1.6 billion, or 4.6%, from ¥34.5 billion to ¥36.1 billion. In ceramic capacitors, sales to the automotive market decreased mainly due to the impact of the Great East Japan Earthquake. Sales also decreased for use in IT home electronics applications such as flat-screen TVs and notebook PCs where there were production cutbacks. On the other hand, sales of aluminum electrolytic capacitors and film capacitors increased mainly for use in industrial equipment and renewable energy equipment. Sales also increased to distributors. As a result, capacitor sales as a whole grew by 4.6% from the fourth quarter of the previous fiscal year.
Inductive device sales rose ¥1.0 billion, or 3.1%, from ¥31.9 billion to ¥32.9 billion. As with the fourth quarter, sales of EMI filters for smartphones and tablet devices, as well as power choke coils and other products grew steadily. In addition, we posted higher sales of anti-noise components for industrial equipment and to distributors. These factors led to a 3.1% increase in inductive device sales as a whole.
In other passive components, sales decreased ¥5.8 billion, or 15%, from ¥38.6 billion to ¥32.8 billion. Sales of high-frequency components for mobile phones declined sharply due to production cutbacks at major customers. Sales have recovered to a certain extent since the beginning of the second quarter, but we must watch customers’ production levels closely and conduct sales activities to widen our customer base.
That concludes my presentation. Thank you.