Operating income for the fiscal year ended March 31, 2016 declined while the operating margin dropped 3.6 percentage points year on year to hit 8.4%. For the fiscal year ending March 2017, operating income is projected to fall to 45.0 billion yen as LED backlight operating income declines, given the uncertain smartphone market and unforeseeable demand from specific customers at the moment, and a strong yen is also likely to shrink profits even though production and shipments are expected to increase at many Minebea businesses such as ball bearings, motors, and sensing devices.