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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These are projections for this fiscal year. It's not a pretty picture.
I believe the extent to how well and how quickly the economy will recover will depend largely on the way the coronavirus pandemic is controlled. Countries around the world are putting their heads together to develop vaccines and drugs. If they are developed quickly, the economy will get back on track quickly. If, as some suggest, this situation is prolonged, or if there is a resurgence in the pandemic, that will slow down the economic recovery. There is just no way of telling what is going to happen.
Still I can't just keep saying things are unpredictable, so I decided to provide earnings guidance in ranges, just as we did after Lehman Brothers collapsed.
This is a little off the topic, but the sales figures for this April were about the same as what they were last April. Sales for ex-Minebea alone totaled 37 billion yen last year and 37 billion yen this year, while Mitsumi generated 15.3 billion yen last year and 16.8 billion yen this year. When you add the figures from the five overseas subsidiaries we acquired, the total (excluding U-Shin) comes to 55.7 billion yen for this year, which is not so different from the last year's figure of 55.2 billion yen. That, however, doesn't account for U-Shin, which was the only business segment that suffered a loss, with a substantial 7-billion-yen decrease in sales that went from 12 billion to 5 billion yen. Therefore, we started this year out at roughly the same level as last year. The recovery is all up to how well the pandemic is controlled.
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25page (total 45pages)
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