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Strong sales of the new Impreza drove overall sales performance up at SOA. Sales of the Legacy Outback which was released four years ago as well as the Forester which will soon undergo a facelift also remained steady. As a result, a total of 254.9 thousand units were sold for an increase of 55.9 thousand units over the previous year when sales fell after the March 11 earthquake.
Net sales also jumped 1,661 million dollars year on year to total 6,385 million dollars.
Operating income, on the other hand, declined 2 million dollars year on year to reach 130 million dollars. This drop comes from a loss of 154 million dollars due to higher SG&A expenses despite a gain of 152 million dollars due to favorable sales volume and mix variances.
At SIA, net sales totaled 3,021 million dollars. That's an increase of 357 million dollars over last year when production was cut back in the wake of the March 11 earthquake.
Operating income dropped 2 million dollars year on year to hit 30 million dollars. Factors behind the decrease include a loss of 21 million dollars due to sales price and volume variances, a gain of 34 million dollars brought by overall cost reduction efforts, as well as a loss of 15 million dollars due to an increase in fixed costs. |
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