Presentation Transcripts

Latest Update : Dec.6, 2023

Back to Financial Results (FY3/2024)

Investor Meeting Presentation for 2Q FY 3/2024 held on November 2, 2023

Table of Contents

We have revised downward the operating income forecast for this fiscal year.
Although I wanted to set the target of 80 billion yen, we decided such conservative target taking into account the request from the various stakeholders.
The first half was almost in line with our forecast, but what differed from our expectations was that the recovery in the second half have been slower than expected. Accordingly, we decided to make a downward revision.
While the operating income for the fiscal year ending March 31, 2023 was 101.2 billion yen, the operating income without special factors such as the gain on the sale of former Tokyo HQ building and the negative goodwill of Minebea Access Solutions was approximately 87 billion yen. Therefore, our forecast is 11.5% decrease year on year if you look at apples-to-apples.

We tell our employees that when the economy is bad, we shall try to operate on that basis. In the past, bearings achieved a monthly production improvement of 20 million units. We are now starting our second special productivity improvement project and I participated in the kick-off last week. We believe that these efforts will lead to good business results when the economy recovers.

20page (total 39pages)

You need Adobe Reader® to view these documents. Click on Adobe Reader icon on the left to download the software from the Adobe Systems website.

It ends about main text.