Rolling Stock

Net sales were ¥51.4 billion, down ¥3.8 billion year on year, due to a decrease in sales overseas, although sales rose in Japan because of a rise in sales to JR companies.
Operating income and loss deteriorated ¥4.2 billion from a year ago to an operating loss of ¥3.1 billion, affected by provision for losses on construction contracts for a certain overseas project.