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
Finally we come to dividends. While we paid 12 yen per share last fiscal year, our forecast for this fiscal year is 20 yen per share. We have net interest-bearing debts totaling about 100 billion yen. As Minebea's CEO, I must focus on growing the company. I don't think it's a good idea to borrow more money just so we can increase dividends by a few yen. Still, I promised you back in May we would increase our dividends in light of our growth. While the last fiscal year's net income was 39.9 billion yen, we expect to see a huge jump in net income this fiscal year, totaling 48 billion yen. We also expect net interest-bearing debts to fall to around 72 billion yen. If we can achieve this net income target and the net interest-bearing debt total drops below 75 billion yen, we should be able to add some yen to the dividend.
36page (total 38pages)
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