Presentation Transcripts
Latest Update : Nov.26, 2014
Back to Financial Results (FY3/2015)
Investor Meeting Presentation for 2Q FY 3/2015 held on November 5, 2014
- Cover
- Table of Contents
- Financial Results
- Summary of Consolidated Business Results for 1H
- Summary of Consolidated Business Results for 2Q
- Net Sales
- Operating Income
- Machined Components Business
- Electronic Devices & Components Business
- Net Income
- S.G. & A. Expenses
- Inventories
- Capital Expenditure & Depreciation
- 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
- Delivering mid-term OP target in 1st year!
- The two-pillar structure is completed!!
- Machined components: Continues to grow steadily
- LED backlights: Driving substantial growth
- Investments for next year's LED backlight production
- Three (plus one) tail winds for Minebea products (1)
- Three (plus one) tail winds for Minebea products (2)
- Motor business: Profitability steadily improves
- Other electronic devices & components
- Launched joint ball bearing venture
- Boosting sales of lighting device-related products
- Progress with Five Arrows strategy ahead of 100th Anniversary
- Increased capital expenditure plan
- Increased dividend!
- M&A and alliance strategies
- Forward-looking Statements
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In the Electronic Devices and Components business segment, second quarter net sales totaled 79.7 billion yen, a whopping increase of 27.1% from the previous quarter. Operating income in the mean time was 2.3 times higher than it was last quarter, hitting 6.9 billion yen. The operating margin was 8.7%, up 3.9 percentage points from the previous quarter.
Sales of motors rose 0.3 billion yen from the previous quarter. Although the sale of our U.S. motor subsidiary negatively impacted sales by 0.8 billion yen quarter on quarter, sales for most motors increased slightly due to the global economic recovery. Profits increased as the profitability of many motors steadily improved due to the cost cutting measures we have been working on. Now, Moatech is the only motor business in the red, but only by less than 0.1 billion yen. We will work on to improve it further.
Sales of electronic devices soared 75.5% from the previous quarter to reach 37.9 billion yen due to a significant LED backlight shipment increase, especially for our customers' high-end slim smart phones, and a steady sales increase of EMS products. While LED backlights recently expanded its customer base, we had record high monthly sales month by month during the second quarter as we started shipment for large customers' new smart phone models on a full scale. Profits increased significantly and we expect even higher sales in the December quarter due to the usual seasonal uptick in sales.
Net sales of measuring components rose 3.7% from the previous quarter to hit 2.8 billion yen while profits also increased due to a steady increase in shipments to existing customers.
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