Avnet’s sales in fiscal year 2023 (ending July 1, 2023) increased from US$24.3 billion (approximately RMB 172.2 billion) in the previous year to US$26.5 billion, a year-on-year increase of 9.2%; calculated at fixed exchange rates, sales A year-on-year increase of 13.4%. The operating profit margin for the full fiscal year was 4.5%, a year-on-year increase of 61 basis points; the adjusted operating profit margin was 4.6%, a year-on-year increase of 55 basis points – the adjusted operating income increased by more than 2.5 times the sales year-on-year. In addition, the operating profit margin of electronic components for the full fiscal year was 4.8%, an increase of 89 basis points year-on-year. Farnell operating margin was 8.1%, down 90 basis points from the previous quarter.