Presentation Transcripts
Latest Update : Nov.25, 2015
Back to Financial Results (FY3/2016)
Investor Meeting Presentation for 2Q FY 3/2016 held on November 5, 2015
- 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, 2016
- Forecast for Business Segment
- Policy and Strategy
- Table of Contents
- Current Performance and Minebea Share Price - 1
- Current Performance and Minebea Share Price - 2
- Our View on Current Market Conditions
- Our View on Future Business Risks
- 1. Efforts to keep next year's market share for LED backlights
- 2. OLED displays will not replace all high-end smartphone LCDs in 3 years
- 3-1. Profits do not decline by HDD volume down (Future of Ball Bearings and Pivot Assemblies)
- 3-2. Profits do not decline by HDD volume down (Future of HDD spindle motors)
- 4-1. Measuring Components business to become a growth driver this year, next and one after next
- 4-2. Motor business to become a growth driver this year, next and one after next
- Unforeseen Factors behind First Half Performance
- Outlook for this Fiscal Year
- New Mid-term Business Plan targets
- Future Developments (New Products)
- 1. Smart City Project in Cambodia
- 2. SALIOT™ (Smart Adjustable Light for IoT)
- 3. J3DD head-up displays
- Dividend Forecast
- M&A and Alliance Strategies
- Forward-looking Statements
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Second quarter net sales for the fiscal year ending March 31, 2016 soared to hit a quarterly record high while operating income was the highest ever for any second quarter.
The significant bump in sales can be explained by the higher price of the new LED backlights with more functions that are being used in high-end smartphones as well as the Sartorius Mechatronics T&H GmbH acquisition. Despite increased costs for ramping up LED backlight production and a quality control issue at NHBB, operating income soared above the previous quarter's total. This increase was due to cost cutting measures that boosted the profitability of various motors, a rebounding HDD market that pushed pivot assembly and HDD spindle motor sales up, and, after adding in three full months of results from Sartorius Mechatronics T&H GmbH, a spike in profits for measuring components.
We estimate that foreign currency translations have pushed net sales up 2.0 billion yen from the previous quarter with a year-on-year gain of approximately 20.7 billion yen in addition to a 2.6 billion yen operating income increase over the previous quarter with a year-on-year gain of approximately 4.6 billion yen.
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5page (total 38pages)
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