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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There seems to be a rumor that OLED displays will replace LCDs in high-end smartphones in three years. Again, this is not something we have any control over, so we have no way of knowing what will really happen. The thing is that we hear this rumor every year. When we announced that we were going to aggressively invest in LED backlights four or five years ago, our investors expressed concerns over the possibility of LEDs getting replaced by OLED displays. I think it will be quite some time before the OLED supply chain is able to handle the kind of demand for high-end smartphones we see now. When it comes to high-definition displays, like TVs, 4K or 8K resolution has a clear advantage. OLED displays are quite useful for applications that require some flexibility, bendability, and lighter weight, such as wearable devices, but I'm not so sure about using them for smartphones. We have also teamed up with other companies in the supply chain to develop highly efficient, thin LED chips rather than just sitting around and waiting to see what happens. We must work together to make highly efficient, thin LED chips that will pave the way to thinner smartphones with 4K resolution. For now I don't think it's realistic to think that OLED displays will dominate the smartphone market in three years.
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