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 looking at our machined components, I would like to turn your attention to our turbocharger bearings. Today's need for fuel-efficient, energy saving vehicles is driving demand for automobile turbochargers up. While the market currently consumes 20 million units annually, that figure is projected to jump to 60 million units by 2020.
Our German subsidiary, myonic, developed an excellent product meeting the strict turbocharger requirement to spin at speeds of up to 200,000 rotations per minute under high temperature conditions. We put together the prototype and tested it at our Karuizawa facility. We are going to mass produce it in Thailand.
Using this product will make the price of the turbocharger part about a tenth of what it costs to buy conventional parts on the market that don't employ ball bearings. We are aiming for 5 billion yen in sales by the fiscal year ending March 2016. It is a winning formula for our machined components business. Targeted to a niche market, though it may be small, requiring cutting-edge technology, this product is the first to have been developed using our group's combined technological strengths before being put through the paces in Karuizawa and finally mass produced in Thailand.
Expected to yield a high profit margin, the product is part of our efforts to enhance overall profitability in the machined components business.
I would also like to highlight the subject of an earlier announcement, our in-vehicle resolvers, for which we are looking to generate 3.8 billion yen in sales for the fiscal year ending March 2016.

31page (total 47pages)

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