Record Operating Profit Increase
Operating profit increased by 34.3% year-on-year, marking the highest record for the third quarter. This was driven by the depreciation of the yen, increased shipments for the ICT market, and rationalization measures.
Significant Growth in HDD Components
Net sales for Magnetic Application Products increased by 25% year-on-year. HDD Heads and Suspension Assemblies returned to profitability with increased sales volumes, marking a significant recovery in the nearline HDD demand for data centers.
Improved Free Cash Flow
Free cash flow reached JPY213.5 billion, exceeding the previous year's JPY185.5 billion and surpassing the targeted level due to decreased CapEx and increased profit.
Increased Net Sales
Net sales grew by 3.2% year-on-year, driven by increased sales of small rechargeable batteries, HDD-related components, and sensors for the ICT market.