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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The question now is, "How are we going to boost performance?" You already know how our depreciation and amortization expenses are going to decline, so let's look at two areas that will drive growth into at least the near future.
One is measuring components. Next fiscal year we should start to see some of the synergy from the acquisition of Sartorius Mechatronics T&H. It's a very good company and while I've discovered a lot of window dressing in companies after their acquisition, I've found nothing like that with Sartorius. We look forward to leveraging each other's sales channels with an eye to taking our sales figures to greater heights. Take bolt sensors for example. Sartorius had a totally different idea about them and made one that's nothing like the one we developed on our own. This is a really fantastic development. I'm sure that I'll have an opportunity to present the fruits borne from the synergy between the two companies very soon.
We've also been working on automobile seat sensors to be sold in North America where our products practically dominate the market. This is another area where we are really doing well.
On top of these areas, we are also looking to develop new applications with a focus on measuring technologies although I'm afraid I can't talk about that just yet. Back in May I told our employees that they must "change to grow" and everyone is really taking that message to heart with an eye to cultivating growth through change.
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