Presentation Transcripts

Latest Update : May 28, 2013

Back to Financial Results (FY3/2013)

Investor Meeting Presentation for FY 3/2013 held on May 9, 2013

Table of Contents

In the electronic devices and components business segment, net sales for the fiscal year ended March 31, 2013 were 57.2 billion yen, a 50.9% jump from the previous fiscal year due to a large increase in LED backlight sales which made up most of the electronic device business sales. Operating income reached 1.5 billion yen while the operating margin improved by 5.2 percentage points to reach 2.7%.

Net sales of electronic devices increased 53.0% over the previous year to total 47.9 billion yen. Despite soaring sales and profits of LED backlights that were fueled by large orders for smart phones and tablet PCs, we fell short of our forecast due to unexpected inventory adjustments made by a large customer after last December.
We expect to see sales and profits increase for the fiscal year ending March 31, 2014 as the smart phone and tablet PC markets expand. In order to improve profitability, we will expand our customer base and increase outsourcing to even out the ups and downs in production, and reduce labor costs by introducing semi-automated machines and expanding production at our Cambodian factory.

Net sales of measuring components rose 40.9% over the previous fiscal year to reach 9.3 billion yen due to increased demand in the North American automobile market. Profits remained steady and for the fiscal year ending March 31, 2014, we expect even higher sales and profits due to increased production of automobile parts.

10page (total 47pages)

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