Presentation Transcripts
Latest Update : Dec.9, 2022
Back to Financial Results (FY3/2023)
Investor Meeting Presentation for 2Q FY 3/2023 held on November 2, 2022
- Cover
- Today's Agenda
- Financial Results
- Summary of Consolidated Business Results for 2Q
- Summary of Consolidated Business Results for 1H
- Net Sales, Operating Income/ Margin
- 2Q Actual: Differences from the Forecast as of August
- Machined Components
- Electronic Devices & Components
- MITSUMI Business
- U-Shin Business
- Profit Attributable to Owners of the Parent / EPS
- Inventory
- Net Interest-bearing Debt / Free Cash Flow
- Forecast for Fiscal Year Ending March 31, 2023
- Forecast for Business Segment
- Business Update & Management Strategy
- 1H Results
- Acquired Drivers to Accelerate Organic Growth
- Products to Solve Social Issues Drive Growth
- Key Points of FY3/23 Forecast
- Machined Components
- Electronic Devices and Components
- MITSUMI Business (1)
- Further Growth of Analog Semiconductors
- [Reference] Analog Semi. Order Volume Trend
- MITSUMI Business (2)
- Further Growth of Connectors
- Direction of Connector Business
- U-Shin Business
- Access Product Share No.1 Strategy
- Estimate for Next Fiscal Year
- Progress on Announced M&As
- To Issue Green Bonds
- Dividends
- ESG Topics
- Forward-looking Statements
- Reference
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Now let's take a look at the results by segment, starting with the machined components business segment. On the left is a graph indicating quarterly net sales trends and on the right is a graph with a bar chart quarterly operating income trends along with a line chart for operating margins.
Second quarter net sales increased 10.6% quarter on quarter to total 51.3 billion yen.
Sales of ball bearings increased 15.2% quarter on quarter to total 39.2 billion yen. The monthly external shipment volume was up 13.1% quarter on quarter for an average of 251 million units. The monthly external shipment volume hit record high due to robust sales for automotive and data center.
Sales of rod-ends and fasteners, totaling 8.2 billion yen, were up 7.4% over the previous quarter. In the aircraft business, there were signs of sales recovery, especially in the European market.
Sales of pivot assemblies decreased 17.4% quarter on quarter to total 3.9 billion yen.
The sales of Machined components hit record high.
Operating income for the quarter totaled 12.5 billion yen, and the operating margin was 24.4%. On a quarter-on-quarter basis, operating income increased 22.8% while the operating margin improved 2.4 percentage points.
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8page (total 46pages)
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