Next, I would like to explain the first half business results by company. The conventional Kaga Electronics Group posted sales of JPY110,535 million, down 7.4% YoY. Gross profit was JPY15,853 million, down 3.0% YoY. Operating income was JPY4,619 million, a YoY increase of 16.9%.
FEI posted net sales of JPY59,720 million, down a sharp 46.3% YoY. Gross profit was JPY4,784 million, down 35.5% YoY. The company incurred operating loss of JPY84 million.
Excel posted sales of JPY18,604 million. Gross profit was JPY1,009 million. It incurred operating loss of JPY106 million.