Presentation Transcripts

In the electronic devices and components business segment, net sales for the fiscal year ended March 31, 2014 totaled 230.5 billion yen. That's up 37.3% from the previous fiscal year due to strong growth in LED backlight sales, which account for the majority of electric devices sold, and represents a turnaround for the motor business after restructuring. Operating income improved significantly to reach 9.6 billion yen, with the operating margin up 5.7 percentage points over the previous year at 4.2%.

Sales of motors rose 37.1% over the previous year to total 139.7 billion yen. The motor business continued to earn steady profits after the second quarter due to the global economic recovery and restructuring measures.
For the fiscal year ending March 2015, we expect to see lower sales due to the restructuring of Moatech but higher profits from motor products in general.

Net sales of electronic devices soared 51.8% over what they were the previous year to total 72.7 billion yen. LED backlight shipment volumes increased significantly due to large orders for smart phones and an expanded customer base, made up mostly of Chinese smart phone manufactures. Both sales and profits of LED backlights increased. We have sharpened our competitive edge with thinner LED backlights that offer higher definition and as a result demand has been soaring. For the fiscal year ending March 2015, we expect another jump in sales and profits as we expand production capacity in China and Cambodia, in addition to our existing production operations in Thailand.

Net sales of measuring components rose 15.1% over the previous fiscal year to reach 10.7 billion yen due to increased demand for seat sensors in the North American automobile market. While profits remained steady, we expect even higher sales and profits for the fiscal year ending March 2015 due to increased production of automobile parts, etc.