Appliances
Remaining at the same level as the previous fiscal year, sales in the Appliances segment
were 1,769.7 billion yen.
In fiscal 2015, despite weakening demand after the consumption tax rate hike and the negative impact from a sharp decline in TV prices in Japan, overall sales were on
par with fiscal 2014. This situation was mainly due to favorable overseas sales of
home appliances such as air-conditioners,and motors.Looking at this segment’s main Business Divisions (BDs), Home Entertainment BD sales of video equipment were robust, mainly in Japan. Despite the launch of new,high-value-added 4K TV products overall sales
decreased owing to a sharp fall in prices and the negative effect from foreign exchange. In the Air-Conditioner BD, sales increased owing to growth in sales, primarily overseas,
of both home and large air-conditioners,despite the effects in Japan of poor summer
weather and the consumption tax rate hike in April 2014. In the Laundry Systems and
Vacuum Cleaner BD, sales increased owing to robust sales of washing machines and
vacuum cleaners. In the Refrigeration and Air-Conditioning Devices BD, sales increased
owing to robust sales of air-conditioner compressors in Japan and China.
Year on year, segment profit increased by 11.0 billion yen to 40.5 billion yen. Profit
improvements in air-conditioners and a profit increase in devices such as motors offset the worsening profitability of TVs.