Presentation Transcripts

Latest Update : June 5, 2017

Back to Financial Results (FY3/2017)

Investor Meeting Presentation for FY 3/2017 held on May 9, 2017

Table of Contents

These graphs show annual net sales and operating income for the machined components segment. Net sales for the fiscal year ended March 31, 2017 were down 4.6% from the previous fiscal year to total 156.3 billion yen. Operating income decreased 4.2% to hit 39.1 billion yen while the operating margin grew 0.1 percentage points to reach 25.0%.
Sales of ball bearings decreased 3% year on year to total 94.1 billion yen. While demand came from various sectors, it was mostly for high-end consumer products like automobiles and fan motors and continued to drive up the monthly average for external ball bearing shipments, which increased 10% year on year to hit 171 million units. However, foreign currency translations pushed net sales down due to the stronger yen. Demand is expected to grow even further in the fiscal year ending March 31, 2018 and fuel both sales and profits.
Sales of rod-ends and fasteners decreased 8% year on year to hit 29.6 billion yen while profit declined as well. Although production of commercial aircraft was steady, the strong yen pushed sales down. We expect growing demand to fuel sales and profits in the fiscal year ending March 31, 2018.
Sales of pivot assemblies decreased 5% year on year to hit 32.6 billion yen. Although the shipment volume increased as our market share expanded beyond 80%, revenue declined because of the strong yen. We expect sales and profit to decline in the fiscal year ending March 31, 2018 as the HDD market continues to shrink.

9page (total 57pages)

You need Adobe Reader® to view these documents. Click on Adobe Reader icon on the left to download the software from the Adobe Systems website.

It ends about main text.