Presentation Transcripts
Latest Update : May 23, 2019
Back to Financial Results (FY3/2019)
Investor Meeting Presentation for FY 3/2019 held on May 8, 2019
- Cover
- Today's Agenda
- Financial Results
- Summary of Consolidated Business Results
- Summary of Consolidated Business Results for 4Q
- Net Sales, Operating Income/Margin -1
- Net Sales, Operating Income/Margin -2
- 4Q Actual: Differences from the Forecast as of Feb.
- Actual: Differences from the Forecast as of May '18
- Machined Components -1
- Machined Components -2
- Electronic Devices & Components -1
- Electronic Devices & Components -2
- Mitsumi Business -1
- Mitsumi Business -2
- Profit Attributable to Owners of the Parent -1
- Profit Attributable to Owners of the Parent -2
- Inventories
- Net Interest-Bearing Debt/Free Cash Flow
- Forecast for Fiscal Year Ending March 31, 2020
- Forecast for Business Segment
- Shareholders Return
- ROIC (Return On Invested Capital)
- Management Policy & Business Strategy
- Summary of Fiscal Year ended 3/19
- Summary of Fiscal Year ending 3/20
- Mid-term Business Plan Targets
- Machined Components Targets
- Electronic Devices and Components Targets
- Mitsumi Business Targets
- U-Shin Business Targets
- Mid-term Business Plan: Targets by Segment
- Basic scheme of U-Shin
- Example of synergy in U-Shin (Automobile)
- Example of synergy in U-Shin (Smart house)
- New Product Trio and Key Entry Area
- Usage of FCF and Shareholder Returns
- Dividend Forecast
- Share Buyback
- The Last Decade and the Next Decade (Image)
- Sales Transition
- OP Transition
- Major KPIs over the Last Ten Years
- Review of the Last Decade
- Macro transition
- Summary of the last decade
- Basic Strategy for the Next Decade -1
- Basic Strategy for the Next Decade -2
- Basic Strategy
- Business Strategy
- Sustainability
- Next decade by major markets
- Ball bearings next decade
- Motors next decade
- Automobile components next decade
- Aircraft components next decade
- Why MinebeaMitsumi Exceeds Market Growth
- (Reference) Aircraft components
- Home Appliance / OA / HDD next decade
- Medical components next decade
- Home equipment business next decade
- Cultivate New Markets with IoT and AI/Big Data
- Large Portfolio Shift to Core Businesses
- EBITDA/Net interest-bearing debts/Free cash flows
- Capital Deployment
- (Reference) Past and Future of Free Cash Flow
- KPI target
- Forward-looking Statements
- Reference
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Now let's look at the electronic devices & components segment.
Net sales for the fiscal year ended March 31, 2019 were 387.3 billion yen, a decrease of 14% from the previous fiscal year.
By product, sales of motors increased 2% to reach 188.1 billion yen, mainly for automobiles.
Electronic devices sales were down 30% from the previous fiscal year at 158.5 billion yen. This decline was due to a decrease in sales resulting from a drop in paid components and a lower sales volume of LCD end products for major customers.
Sales of sensing devices increased 2% to total 36.4 billion yen.
Operating income was 16.9 billion yen and the operating margin was 4.4%. Operating income declined 46% and the operating margin fell 2.5 percentage points.
By product, profits was almost unchanged for motors and dropped sharply for electronic devices as well but were higher for sensing devices.
For the fiscal year ending March 31, 2020, motor sales and profits are expected to increase along with growing demand, mainly in the automotive sector.
In the electronic devices, we anticipate an increase in sales due to the transfer of battery module businesses from Mitsumi business segment and an increase in profits due to improved LED backlight productivity.
In sensing devices, we expect a slight increase in net sales and an improvement in profit margins.
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