Mr. Hiroyuki Uemura
Senior Vice President
Good afternoon. I’m Hiroyuki Uemura. I’d like to explain the changes in the sales results of the passive components segment in monetary terms between the first and second quarters of fiscal 2012.
Second-quarter net sales for the passive components segment as a whole were ¥99.9 billion, which was down ¥1.8 billion, or 1.8%, from ¥101.7 billion in the first quarter.
Second-quarter capacitor sales were ¥34.2 billion, down ¥1.9 billion, or 5.3%, from the first quarter’s ¥36.1 billion. In the first quarter of fiscal 2012, sales of ceramic capacitors to the auto market were sluggish due to the impact of the Great East Japan Earthquake. However, sales recovered in the second quarter in step with a recovery in production by customers. That said, sales declined to the IT home electronics market and distributors because of a give-back after a notable surge in demand after the natural disaster. Soft demand for flat-screen TVs and PC-related applications was also to blame. Demand for aluminum electrolytic and film capacitors was relatively steady, particularly to the industrial equipment market, but sales of these capacitors dropped mainly because of the impact of foreign currency fluctuations.
Second-quarter inductive device sales were ¥31.4 billion, down ¥1.5 billion, or 4.6%, from ¥32.9 billion in the first quarter. Inductive device sales, like sales of ceramic capacitors, recovered in the auto market, and held steady for use in communications equipment, particularly smartphones. On the other hand, sluggish markets for flat-screen TVs and PC-related equipment in particular, meant that sales of transformers and particularly ferrite cores for use in power circuits declined.
Sales of other passive components increased ¥1.6 billion, or 4.9%, from ¥31.2 billion in the first quarter to ¥34.4 billion in the second quarter. High-frequency component sales increased in line with a recovery in production by major customers.
Going forward, we will continue conducting sales activities to widen our customer base, while keeping an eye on customers’ situations.
That concludes my presentation. Thank you.