In the aircraft interiors business, net sales increased from the previous fiscal year as a result of progress in the shipment of products against the backdrop of demand for air transportation which had been robust until the global spread of COVID-19. Meanwhile, ordinary income decreased from the previous fiscal year, mainly reflecting a decline in the number of shipments of profitable programs compared with the favorable number in the previous fiscal year and foreign exchange losses, in addition to increases in personnel expenses and transportation costs for recovering temporary shipment delays which occurred owing to the response to inappropriate quality issues, despite the impact of increased net sales.

As a result, the aircraft interiors business posted net sales of ￥61,078 million (up ￥4,209 million compared to the previous fiscal year) and ordinary income of ￥3,107 million (down ￥3,005 million compared to the previous fiscal year).

In the aircraft seat business, net sales increased from the previous fiscal year due to the shipment of the business class seat “Venture” which started in FY 2019. Meanwhile, an ordinary loss was reported due mainly to an increase in costs resulting from a delay in the improvement of productivity of some programs, as well as additional expenses incurred as a result of shifting orders to other production bases following the temporary suspension of production owing to response to inappropriate quality issues at Miyazaki JAMCO Corporation, despite the impact of increased net sales.

As a result, the aircraft seat business posted net sales of ￥15,994 million (up ￥3,818 million compared to the previous fiscal year) and ordinary loss of ￥2,499 million (ordinary loss of ￥3,143 million in the previous fiscal year).

In the aircraft components business, despite robust shipments of heat exchangers and CFRP structure parts, net sales decreased from the previous fiscal year due to the postponement of shipments of some aircraft engine parts to the next fiscal year and thereafter. Ordinary income decreased from the previous fiscal year due to a decrease in net sales.

As a result, the aircraft components business posted net sales of ￥6,333 million (down ￥264 million compared to the previous fiscal year) and ordinary income of ￥6 million (down ￥104 million compared to the previous fiscal year).

In the aircraft maintenance business, net sales decreased from the previous fiscal year due mainly to the postponement of some shipments in aircraft maintenance and equipment maintenance to the next fiscal year and thereafter. Meanwhile, ordinary income increased from the previous fiscal year due to improved profitability, reflecting a solid increase in performance of aircraft maintenance for airlines.

As a result, the aircraft maintenance business posted net sales of ￥8,129 million (down ￥296 million compared to the previous fiscal year) and ordinary income of ￥567 million (up ￥357 million compared to the previous fiscal year).

The Others segment includes the businesses of the consolidated subsidiary Orange JAMCO Corporation, and we were able to make steady progress mainly in inter-segment transactions, including assistance work in the aircraft interiors business.

As a result, the Others segment posted net sales of ￥0 million (up ￥0 million compared to the previous fiscal year) and ordinary loss of ￥4 million (ordinary loss of ￥0 million in the previous fiscal year).