Presentation Transcripts
Latest Update : May 26, 2009
Back to Financial Results (FY3/2009)
Investor Meeting Presentation for FY 3/2009 held on May 8, 2009
- Cover
- Table of Contents
- Financial Results
- Summary of Consolidated Business Results
- Summary of Consolidated Business Results for 4Q
- Net Sales
- Operating Income
- Machined Components Business
- Electronic Devices & Components Business
- Net Income
- S.G. & A. Expenses
- Inventories
- Capital Expenditure & Depreciation
- Net Interest-Bearing Debt
- Cost Reduction Measures
- Forecast for Fiscal Year Ending March 31, 2010
- Policy and Strategy
- My Mission as CEO
- Previous Organization Chart
- Current System from Manufacturing to Delivery
- After Organizational Change: To Enhance Price Competitiveness
- Reorganize Business Portfolio
- Create New Business Model (Sales of Hybrid Components)
- New Hybrid Components Concept
- Electro Mechanics Solutions: Product examples
- Image of Expanding Hybrid Components Sales
- New Organization Chart
- Maximize Earnings Per Share
- Machined Components
- Forward-looking Statements
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Here are the fourth quarter consolidated business results.
Net sales, which totaled 46,384 million yen, suffered a large 21.6% decline from the previous quarter due to sluggish sales brought on by the global recession. This resulted in an operating loss of 2,824 million yen and a net loss of 6,211 million yen for the fourth quarter. It was the first time we experienced a quarterly operating loss since we implemented quarterly reporting in the fiscal year ended March 31, 2002. The impact of foreign exchange can be seen in the approximately 2.7 billion yen decline in sales and an increase of approximately 0.7 billion yen in operating income compared with the previous quarter.
As the world economy continued to spiral downward during the third quarter, there were increasing inventory adjustments by finished product manufacturers and distributors. This resulted in a further decline in the demand for our products in the fourth quarter. Sales fell by more than 20% quarter on quarter for two consecutive quarters. During the fourth quarter, in order to respond to this economic situation, we significantly cut production of most of our products much below our sales volume level. Thus, production cost per unit increased, which worsened our profitability. However, the decline in demand now seems to have hit bottom thanks to progress in inventory adjustments.
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