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
Download
Second quarter net sales for the Machined Components business segment were up 14% from the same period last year and up 3% from the previous quarter to total 42.3 billion yen. Operating income was up 5% from the same period last year and up 3% from the previous quarter to reach 10.2 billion yen. The operating margin stayed high at 24.2%, despite a one-time loss at our U.S. subsidiary.
Sales of ball bearings increased 20% year on year and 1% quarter on quarter to total 24.8 billion yen. The external shipment volume was buoyed by strong growing demand for many different applications and hit another monthly record high of 163 million units in September to surpass the previous record set in June.
We expect shipment volumes, especially external shipments, to be high in the December quarter as well.
Sales of rod-ends and fasteners rose 11% above what they were for the same period last year to reach 8.0 billion yen as demand from the commercial aircraft sector continues to soar steadily with only a 1% dip below the previous quarter's total due to the summer holidays in the U.S.A. and Europe.
Sales of HDD pivot assemblies increased 3% year on year and 15% quarter on quarter to hit 9.5 billion yen. The hard disk drive market has been recovering after hitting bottom in June and Minebea was able to leverage its high market share to reap a tidy profit from sales.
Previous
8page (total 38pages)
You need Adobe Reader® to view these documents. Click on Adobe Reader icon on the left to download the software from the Adobe Systems website.
It ends about main text.
