The OEM has released its results for the fiscal year 1 April 2016 to 31 March 2017
There was a decrease of consolidated sales by 8.2 percent from the previous year to ¥2,028.8 billion ($18,014,496,873/Euro 16,454,441,444billion) which was during a period when the US dollar and the Euro were up from the previous year which would have seen a decrease by 1.8 percent if foreign currency exchange were excluded.
Japanese economy is showing a gradual recovery but due to unpredictability caused by an increase in “geopolitical risk” the sales in Imaging and Solutions segments decreased although there was an increase in the Industrial Products segment. Therefore the domestic market sales showed an increase by 0.18 percent.
Sales in the overseas market decreased by 12.9 percent and gross profit decreased by 10.6 percent to ¥788.6 billion ($6,999,715,747/Euro 6,393,540,363 billion)
Profit before income tax decreased by 68.7 percent to ¥29.9 billion ($266,486,640/Euro 243,408,897).