My name is Yoshihito Nakanishi of the Finance/Accounting Division. Thank you for attending today.
At this point, I will discuss our consolidated financial results and full-year financial results forecast for the fiscal year ending March 31, 2025.
To summarize, net sales increased 9.5% year on year to 344.9 billion yen. This result was due to a recovery in air cargo rates, higher volume at overseas locations, and subsidiary consolidations in Mexico and Canada in the International-Related Business. Additional contributing factors included increased Airport-Related Business volume driven by the recovery of international passenger flights and the receipt of higher unit prices stemming from the shift to larger aircrafts; the acquisition of large-scale contracts in the Engineering-Related Business; and higher warehousing and transportation volumes in the Food Products-Related Business stemming from steady customer growth and the operation of a new warehouse.
Operating income increased 28.6% to 21.385 billion yen. This result was due to the recovery in business performance in connection with higher volume in the Airport-Related Business, as well as ongoing efforts to improve profitability under the basic policy of our new FY3/2023-FY3/2025 Medium-Term Management Plan launched in April 2022. Our continued operational efficiency improvements and the receipt of appropriate unit prices also contributed to this increase.
Ordinary income increased 25% to 21.295 billion yen.
Profit attributable to owners of parent increased by 14.050 billion yen, or 23.8%.