This table shows the Y/Y comparison for IAB sales by region on a local currency basis.
As you can see, while conditions were tough for Japan, the Americas, Europe and SE Asia, we achieved double-digit growth in China and South Korea.
In China, auto industry capex for conventional gasoline engine vehicles was weak. However, in contrast, OMRON was able to capture demand and grow sales in industries where activity is picking up, such as smart phones, rechargeable batteries, and 5G within the Digital domain, EV-related within the Automotive domain, photovoltaic panels, and air conditioning control within public infrastructure.
In South Korea, semiconductor-related capex remained firm.