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

As you can see from the graph here, actual sales volume for the second half of the fiscal year ended March 2013 fell short of our target. The percentages of our targets met include 92% for bearings, 87% for pivot assemblies, and 84% for motors. LED backlight sales were less than 80% off the target due to drastic cutbacks in orders during January through March. You can see the impact of adverse market factors on operating income illustrated on the right side of the graph.
Sales are expected to edge up to the percentages shown in the graph in the second half of the fiscal year ending March 2014.
We saw Asian currencies shoot up in the fourth quarter of the fiscal year ended March 2013 with the Thai baht and Chinese renminbi making their strongest showing ever against the dollar. This should normally make parts and materials made in Japan cheaper to buy in these currencies. However, the fall of the yen, or the appreciation of these foreign currencies against the yen, is happening so fast and furious that it still has not positively affected our bottom line. This is one of the reasons why profits are down. We posted an operating deficit of 0.5 billion yen in the fourth quarter of the fiscal year ended March 2013. This figure includes a total of 0.7 billion yen expenses incurred for moving our Tokyo Head Office and foreign exchange losses. If we were to exclude these losses, we would see a small profit. These factors all lie behind the huge gap between our forecast and actual results.

21page (total 47pages)

You need Adobe Reader® to view these documents. Click on Adobe Reader icon on the left to download the software from the Adobe Systems website.

It ends about main text.