MMC has posted full-year 2014 net sales of JPY2,180.7bn, a 4% rise compared to the same period last year.

The company also reported operating income of JPY135.9bn, an increase of 10% or JPY12.5bn over a year ago.

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Although sales and R&D expenses increased along with a decrease in sales volume and model mix, these were overcome by reductions in material and other costs, in addition to favourable foreign exchange rates, the company said.

Ordinary income was JPY151.6bn, a 17% or JPY22.1bn increase, and net income of JPY118.2bn a 13% or JPY13.5bn increase, both year-on-year. All profit areas for FY2014 were a record.

Global retail sales volume for the full 2014 fiscal year totalled 1,090,000 units, an increase of 4% or 43,000 units compared to the same period in FY2013.