TOKYO -- Ibiden Co. reported fiscal second-quarter net income plunged 90% to 685 million yen on lower sales.

For the quarter, sales fell 3.7% year-over-year to 140 billion yen. Operating income was 6.5 billion yen, down 62.8% from a year ago.

The printed circuit board fabricator is the world's second-largest, behind Unimicron, according to tio annual NTI-100 list compiled by Dr. Hayao Nakahara.

Japan's fiscal year runs April 1 to March 31.

Ed.: 1 JPY = 0.0128224 USD