Air Water has reported a decline in sales and income for the first three months of 2009 ended 30th June, but said personal consumers showed recovery from the previous year.
During the first quarter, uncertain outlook in the economy remained strong, with companies holding off capital investment, resulting in severe economic condition to continue from the previous quarter.
Accordingly, the Industrial business and the Chemical business experienced a tough situation as a whole, with repeated slowdown and recovery of demand.
The business for personal consumers, such as the medical business, the energy business and the food products business showed recovery from the previous year, due to successful implementation of structural reforms according to the mid-term management plan.
As a result, for the first quarter, net sales revenue declined 8.7% year on year to ¥100,209m, operating income declined 2.6% year on year to ¥6,462m, and ordinary income declined 15.9% year on year to ¥6,367m.
Net income for the first quarter was ¥2,994m, a decline of 28.2% year on year.