Presentation Transcripts
Latest Update : May 27, 2020
Back to Financial Results (FY3/2020)
Investor Meeting Presentation for FY 3/2020 held on May 8, 2020
- Cover
- Today's Agenda
- Financial Results
- Summary of Consolidated Business Results
- Summary of Consolidated Business Results for 4Q
- Net Sales, Operating Income/margin Yearly
- Net Sales, Operating Income/margin Quarterly
- 4Q Actual: Differences from the Forecast as of February
- Machined Components Yearly
- Machined Components Quarterly
- Electronic Devices & Components Yearly
- Electronic Devices & Components Quarterly
- Mitsumi Business Yearly
- Mitsumi Business Quarterly
- U-Shin Business Yearly
- U-Shin Business Quarterly
- Profit attributable to owners of the parent / EPS Yearly
- Profit attributable to owners of the parent / EPS Quarterly
- Inventory
- Net interest-bearing debt / Free cash flow
- Forecast for Fiscal Year Ending March 31, 2021
- Forecast for Business Segment
- Management Policy & Business Strategy
- Summary of FY3/20 "Net Sales Hit Record Highs"
- Key Points of FY3/21 Plan
- Image of Operating Income for FY3/21
- OP Rank within Electronic Component Sector
- Impact from the Novel Coronavirus
- Mid-term Business Plan Targets
- Machined Components Targets
- Electronic Devices and Components Targets
- Mitsumi Business Targets
- U-Shin Business Targets
- Acquisition of All Shares of ABLIC Inc.
- Focused Development Field
- Building the Strongest Domestic Association
- Ranking Changed in Eight Spears Strategy
- Our Response to the Novel Coronavirus
- Use of FCF and Shareholder Returns
- Dividend Forecast
- Forward-looking Statements
- Reference
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This slide shows the quarterly trends in the machined components segment.
Fourth quarter net sales decreased 1.7% quarter on quarter to total 44.5 billion yen.
Sales of ball bearings decreased 2.4% quarter on quarter to total 28.7 billion yen. The number of ball bearings sold outside the group totaled 189 million units per month on average. The external sales volume reached 210 million units in March thanks to growing demand for ball bearings used in fan motors after it temporarily dropped in February due to the novel coronavirus outbreak.
Sales of rod-ends and fasteners, totaling 10.1 billion yen, were up 5.7% over the previous quarter. The coronavirus did not have a significant impact on our fourth quarter results, and operations servicing the aircraft industry, especially small and medium-sized aircraft, remained robust although the sales partly slowed down in relation to 737 MAX.
Sales of pivot assemblies decreased 9.8% quarter on quarter to total 5.6 billion yen due partly to the impact of the novel coronavirus.
Operating income for the quarter totaled 9.4 billion yen, and the operating margin was 21.1%. On a quarter-on-quarter basis, operating income fell 2.2% while the operating margin dropped 0.1 percentage points. Looking at the results by product, we see that profits for rod-ends and fasteners rose while profits for ball bearings and pivot assemblies fell due to the impact of the novel coronavirus.
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