Highlights of FY 2012 Results
| Net sales | Consolidated net sales declined 2.0% from the previous year to 1,903.4 billion yen. Domestic net sales saw a 1.2% increase and overseas net sales posted a 4.5% decline. |  |
|---|---|---|
| Operating margin/Operating income | Reflecting decreased income due to the effects of currency rate changes and other causes and increased expenses incurred for structural reforms and other initiatives, operating loss was 18 billion yen while operating margin decreased by 3.9% points to negative 0.9%. |  |
| Return on equity (ROE) | ROE recorded a 7.1% point decrease to negative 5.1%. |  |
| Net income per share | Net income per share posted a decline of 87.1 yen to negative 61.42 yen, compared to 25.68 yen in the previous year. |  |
| Free cash flow | Free cash flow, generated by operating activities and investment activities, was negative 101.2 billion yen, a decrease of 137.9 billion compared to the previous year. |  |
Sales by Geographic Area
Sales by Product Category
Imaging & Solutions
Imaging Solutions
![[Net sales]¥1,471.8 billion](/about/sustainability/profile/img/highlight_t01.gif)
Net sales decreased 3.9% from the previous fiscal year to 1,471.8 billion yen, primarily due to a decline in sales of monochrome MFPs and to currency rate changes, which more than offset sales growth of color MFPs and color production printers.
Network System Solutions
![[Net sales]¥198.9 billion](/about/sustainability/profile/img/highlight_t02.gif)
Net sales increased 9.7% to 198.9 billion yen, mainly attributable to the growth of software and IT services, particularly in European markets.
Industrial Products
![[Net sales]¥96.5 billion](/about/sustainability/profile/img/highlight_t03.gif)
Net sales declined 9.6 % to 96.5 billion yen, reflecting decreased sales of the semiconductor and thermal media businesses.
Other
![[Net sales]¥136.1 billion](/about/sustainability/profile/img/highlight_t04.gif)
Net sales of this category grew 11.7% to 136.1 billion yen, due primarily to the acquisition of the PENTAX imaging systems business.
Sales by Category
