Sales | YOY +2% | 920billion yen |
---|---|---|
Operating profit | YOY -14% | 62billion yen |
Ordinary profit | YOY -15% | 64billion yen |
In the copper rolled products business, demand for smartphones decreased mainly in the Chinese market from around the end of 2018, but sales for automobiles were steady.
The electroplating business absorbed demand for automotive electrical equipment.
In the metal-ceramics substrate business, despite expanding sales for railways and automobiles, demand for industrial machinery decreased in the circuit board business.
The copper rolled products business will promote sales of high-performance copper alloys in response to increasing electrification and intelligence in automobiles, and expanding demand for IoT-related electronic components. In addition, to respond to growing demand over the medium to long term, we will strengthen production capacity at our domestic locations and expand sales to Asia using our locations in China, Thailand and Taiwan.
The electroplating business will respond steadily to the overseas production of Japanese manufacturers, and the production expansion by foreign-affiliated customers, through full-scale operation of our Mexico and Thailand bases, and by improving productivity and increasing production of metal plating lines in Japan and Thailand.
The metal-ceramics substrate business will increase production of core products and new products, and expand sales for railways and automobiles.