GIFU, JAPAN – Ibiden Co., the largest PCB fabricator worldwide, reported first-quarter net sales dropped 32.5% from last year to 61.7 million yen (US$645,844).
Sales to Japan were the highest at 53.5 million yen (US$559,983), with Asia sales totaling 12 million yen (US$125,714). Europe accounted for 9 million yen (US$94,448) and North America had 6.7 million yen (US$70,331) in sales.
For the quarter ended June 30, net income dove 73.5% to 2.3 million yen (US$24,394) year-over-year. Gross profit was 13.9 million yen (US$145,310) compared to 23.3 million yen (US$243,977) last year.