Performance (sales, profit and loss)
During the fiscal year under review (April 1, 2017 to March 31, 2018), net sales were up 240,213 million yen (37.6%) year on year to 879,139 million yen, the highest since our founding. Operating income was up 30,147 million yen (61.5%) year on year to 79,162 million yen, ordinary income was up 29,645 million yen (61.3%) to 78,038 million yen, and income attributable to owners of the parent was up 18,236 million yen (44.3%) to 59,382 million yen, all breaking previous records.
Performance by Segment
Machined Components Business Segment
- Ball bearings
- Rod-end bearings
- Pivot Assemblies
During the fiscal year under review (April 1, 2017 to March 31, 2018), net sales were up 20,081 million yen (12.8%) year on year to 176,391 million yen, and operating income was up 3,580 million yen (9.1%) to 42,727 million yen.
Sales of ball bearings to external customers hit record highs five times on a monthly basis as demand soared for energy-efficient models, safety devices in the automobile market and for fan motors. In March, the number of units reached 213 million. Rod-end bearing sales increased in response to a recovery in orders in the small and medium aircraft market despite declining production of large models in the civil aircraft market. Meanwhile, pivot assembly sales were down both in volume and amount despite our solid market share due to the impact of the shrinking HDD market.
Electronic Devices and Components Business
- Electronic devices
(Led backlights for LCDs, sensing divices (measuring components), etc.)
- HDD spindle motors
- Stepping motors
- DC motors
- Air movers (fan motors)
- Precision motors
- Special devices
During the fiscal year under review (April 1, 2017 to March 31, 2018), net sales were up 9,845 million yen (2.2%) year on year to 451,460 million yen, and operating income was up 9,291 million yen (42.4%) to 31,189 million yen.
Demand for our LED backlights for LCDs that offer a technological advantage in thin smartphones remained strong. Sales of stepping motors and other motors also grew mainly in the automobile and office automation markets.
(*) Due to some organizational changes, including incorporating its in-house manufacturing division into the Electronic devices and components manufacturing headquarters from FY 3/16, business segment classification is changed, and FY 3/15 numbers are also adjusted for comparison.
- Semiconductor devices
- Optical devices
- Mechanical parts
- High frequency components
- Power supply components
During the fiscal year under review (April 1, 2017 to March 31, 2018), net sales were up 210,250 million yen (521.2%) year on year to 250,592 million yen, and operating income was up 19,197 million yen (829.2%) to 21,512 million yen.
All products, including camera actuators, mechanical parts for game consoles, products for smartphones such as switches and protection IC, antennas, communication modules, and connectors performed well.
(*) MITSUMI ELECTRIC CO., LTD. merged with the Company on January 27, 2017, the results for the previous fiscal year were from January 27, 2017 to March 31, 2017.
Other Business Segment and Adjustment
Machines produced in-house are the main products in our Other business segment. Net sales increased 37 million yen (5.6%) year on year to reach 695 million yen, and the operating loss fell 5 million yen, to total 125 million yen.
Aside from the above, 16,140 million yen in corporate expenses that do not belong to the segments is shown as an adjustment. Adjustments in the previous fiscal year came to 14,223 million yen.