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
As the hard disk drive market shrinks, the good news for HDD spindle motors is that there is a burgeoning need for data storage. They say that one million pictures are uploaded to Facebook every day. Add in videos and other websites and the figure is astronomical. Demand for high-end hard disk drives will continue to grow as more and more high-definition images with 4K resolution are uploaded. The other day we saw one of our competitors drop out of the race. We are in the number two spot with a technological edge in high-end products and we're okay with that. Fueled by customer demand, we will take the manufacturing of products for high-end hard disk drives into high gear to keep pace with the current trend in digitization. Looking at pivot assemblies and HDD spindle motors, we see that the hard disk drive market shrank more than we had expected. Although we haven't shipped as many pivot assemblies as we had initially projected this year, our Five Arrows strategy saved us from suffering major damage.
26page (total 38pages)
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