(1) Analysis of operating results
Net Sales
Consolidated net sales decreased by ¥26,700 million, or 3.0%, to ¥851,297 million compared with the
previous consolidated fiscal year.
Sales in each reporting segment are discussed below.
The information-related equipment segment recorded net sales of ¥688,029 million, a year-over-year
decline of ¥3,772 million (0.5%). Although yen depreciation had a positive effect on net sales, the factors
described below were major contributors to the decline.
The inkjet printer business reported net sales growth overall even though printers that use ordinary ink
cartridges generated less revenue, despite higher average selling prices, due to a dip in unit shipments. Net
sales growth came from increased shipments of inkjet models that use high-capacity ink tanks.
Large-format printer unit shipments declined in the face of an ongoing slump in hardware demand in the
printing industry, but new high-end products bumped up average selling prices and, as a result, net sales.
Even though sales of LFP consumables shrank in response to declining print volume in the printing industry,
consumables net sales increased thanks largely to the new LFPs in the high price zone, which helped
increase average selling prices. Page printer sales declined primarily due to the effects of corporate cost
cutting. Serial-impact dot-matrix (SIDM) printer net sales decreased. In addition to erosion of average
selling prices and lower unit volume in China, where demand for SIDM printers used in tax collection
systems was particularly robust in the previous period, net sales were also hurt by a decline in unit
shipments in other parts of Asia and in Europe. POS systems product net sales grew. Although net sales
were hurt by the effects of falling average selling prices in the Americas and a decline in unit shipments in
Europe, where customers were reluctant to spend due to the slow economy, unit shipments increased on
strong, steady demand from small- and medium-sized retailers in the Americas and Southeast Asia. 3LCD
projector net sales increased. Unit shipments of business models increased in every region. Particularly
large growth was seen in entry-level and short-throw lens models. Home-theater unit shipments also
increased, as major sporting events in Europe caused a spike in demand. Net sales benefited additionally
from an increase in average selling prices due to strong sales of high-priced models such as full-HD
(1080p) projectors.