Presentation Transcripts
Latest Update : May 25, 2018
Back to Financial Results (FY3/2018)
Investor Meeting Presentation for FY 3/2018 held on May 8, 2018
- Cover
- Today's Agenda
- Financial Results
- Summary of Consolidated Business Results
- Summary of Consolidated Business Results for 4Q
- Net Sales (Yearly)
- Net Sales (Quarterly)
- Operating Income (Yearly)
- Operating Income (Quarterly)
- Machined Components (Yearly)
- Machined Components (Quarterly)
- Electronic Devices & Components (Yearly)
- Electronic Devices & Components (Quarterly)
- Mitsumi Business (Yearly)
- Mitsumi Business (Quarterly)
- Net Income (Yearly)
- Net Income (Quarterly)
- S.G. & A. Expenses
- Inventories
- Capital Expenditure & Depreciation
- Net Interest-Bearing Debt/Free Cash Flow
- Forecast for Fiscal Year Ending March 31, 2019
- Forecast for Business Segment
- Shareholders Return
- Management Policy & Business Strategy
- Summary of Fiscal Year ended 3/18
- Summary of Fiscal Year ending 3/19
- Mid-term Business Plan Targets
- Machined Components Targets
- Ball Bearing Business Strategy
- Automobile Parts Adoption Rate and Global Automobile Shipment Forecasts
- Number of Bearings per Vehicle
- Demand for Bearings: Cooling Fans for Data Centers
- Demand for Bearings: Drones (Unmanned Aerial Vehicles)
- Aircraft Components Business Strategy
- Pivot Assembly (HDD) Business Strategy
- Electronic Devices and Components Targets
- Motor Business Strategy
- Open China Technical Center
- LED Backlight Business Strategy
- "MINEGE™" Strategy (Sensing Device Business)
- Mitsumi Business Targets
- Optical Devices/Mechanical Parts Business Strategy
- Mitsumi Core Business Strategy
- New Product Trio
- Mid-term Business Plan: Targets by Segment
- EBITDA/Net interest-bearing debts/Free cash flows
- Shareholder Return Policy
- Forward-looking Statements
- Reference
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The fiscal year ended March 31, 2018 finished on a high note with profits increasing for both the machined components business and the electronic devices and components business. While the previous highest operating income we ever achieved was 60.1 billion yen in the fiscal year ended March 31, 2015, combined operating income of these two business segments alone topped that figure in the fiscal year ended March 31, 2017. Although we saw a big turnaround in the Mitsumi business results, it was great to see that it was the old Minebea operations that broke the 60.1-billion-yen record all on their own. Operating income for the fiscal year ended March 31, 2015 consisted of 39.7 billion yen from machined components and 30.7 billion yen from electronic devices and components. The figures for the fiscal year ended March 31, 2018 were 42.7 billion yen and 31.2 billion yen respectively. If we were to exclude the PPA expenses noted earlier, these figures would have been 43.4 billion yen and 31.2 billion yen.
You could say we only achieved 99% of our target, and that's partially due to a few curve balls. We didn't expect 0.7-billion-yen in PPA expenses, and to be honest, February smartphone and game-related sales slowed down more than we had expected.
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26page (total 54pages)
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