Presentation Transcripts
Latest Update : May 28, 2014
Back to Financial Results (FY3/2014)
Investor Meeting Presentation for FY 3/2014 held on May 9, 2014
- 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 1
- Machined Components Business 2
- Electronic Devices & Components Business 1
- Electronic Devices & Components Business 2
- Net Income
- S.G. & A. Expenses
- Inventories
- Capital Expenditure & Depreciation
- Net Interest-Bearing Debt & Net D/E ratio
- FCF & Net Interest-Bearing Debt
- Forecast for Fiscal Year Ending March 31, 2015
- Forecast for Business Segment
- Policy and Strategy
- Forecast for Fiscal Year Ending March 31, 2015
- 10% operating margin is achieved !
- Minebea is entering into a new growth stage
- A new stage beyond global economic growth
- Demand growing for ultra-precision products
- Expected organic growth leads to sales of ¥500 billion !!
- Sell 150 mill. ball bearings externally / month
- Growth of miniature ball bearings for automobiles
- Aircraft components business grows
- Profile of NHBB/myonic BU (including CEROBEAR)
- Rapid sales growth of LED backlights
- Develop and boost sales of new EMS products
- My mission as CEO
- Strategy for 100th anniversary leads to ¥500+ bill. sales
- The Five Arrows : a risk-hedged strategy for 100th Anniversary
- Boost sales of lighting device-related products
- Take Measuring Components BU sales to 20 billion yen
- Financial Strategy
- Improvement of balance sheet
- Dividend and buy-back policies
- M&A and alliance strategies
- Forward-looking Statements
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This slide highlights the automobile industry to illustrate one of the reasons behind growing ball bearing sales. It compares annual sales volumes of the ball bearings we identify as being used by the automobile industry with annual global automobile production volumes.
As noted on the slide, use of our parts is increasing and will continue to increase because they address the needs for safety, energy savings, higher quality, and environmental protection. Today German luxury models use about 45 Minebea size bearings per vehicle while standard models use about 20. This usage is expected to gradually expand. Given that backdrop, our ball bearing sales should remain quite robust for a while. It was also a stroke of good fortune that we completed our new factory building just before Thailand was hit by major flooding.
Sales of ball bearings employed in fan motors used to cool data centers are also currently up. Since this application requires high-speed fan motors, fan motors employing ball bearings are selling very well around the world. Widespread use of brushless motors is also continuing to pick up every year, and this is another area where Minebea size ball bearings will be increasingly used.
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