Presentation Transcripts
Latest Update : June 5, 2024
Back to Financial Results (FY3/2024)
Investor Meeting Presentation for FY 3/2024 held on May 10, 2024
- Cover
- Today's Agenda
- Financial Results
- Summary of Consolidated Business Results
- Summary of Consolidated Business Results for 4Q
- Net Sales, Operating Income / Margin Year
- Net Sales, Operating Income / Margin Quarter
- 4Q Actual: Differences from the Forecast as of February
- Precision Technologies (PT) Year
- Precision Technologies (PT) Quarter
- Motor, Lighting & Sensing (MLS) Year
- Motor, Lighting & Sensing (MLS) Quarter
- Semiconductors & Electronics (SE) Year
- Semiconductors & Electronics (SE) Quarter
- Access Solutions (AS) Year
- Access Solutions (AS) Quarter
- Profit Attributable to Owners of the Parent / EPS Year
- Profit Attributable to Owners of the Parent / EPS Quarter
- Inventory
- Net Interest-bearing Debt / Free Cash Flow
- Forecast
- Forecast for Business Segment
- Management Policy & Business Strategy
- Summary of FY3/24
- Key Points of FY3/25 Forecast (1)
- Key Points of FY3/25 Forecast (2)
- Long-term Trend of Sales and OP
- Mid-term Business Plan
- Precision Technologies (PT) Targets
- Ball Bearing Business Situation
- Actions to Strengthen PT Business through M&A
- Motor, Lighting & Sensing (MLS) Targets
- Growth Potential of Motor Business
- Semiconductors & Electronics (SE) Targets
- Growth Potential of Power Semiconductor Business (1)
- Growth Potential of Power Semiconductor Business (2)
- Access Solutions (AS) Targets
- Create value and introduce new INTEGRATION products through aggressive activities (1)
- Create value and introduce new INTEGRATION products through aggressive activities (2)
- New Plant (Second Plant in Cambodia) to be Established
- Accelerating Carbon Neutral
- Dividends
- Forward-looking Statements
- Reference
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First, on a brighter note, inventory digestion has been completed in various sectors since January 2024, and the recovery of high value-added products has begun to boost the profit.
In the past, we have focused on the point where the numbers dropped, for example, data centers were bad, fan motors were not selling, bearings dropped, etc. Recently, however, rather than a large increase in volume, we believe that inventory consumption of high value-added products by customers is progressing, which is raising the average unit price.
For the fiscal year ended March 31, 2024, we revised our operating income forecast downward twice, to 70.0 billion yen. However, the result was 73.5 billion yen, 5% higher than our forecast.
We believe that this is attributable to the improvement in product mix, thanks to recovery in high-value-added and high-mix low-volume fields such as medical and other applications.
Other topics I would like to report on include the topics of Hitachi Power Semiconductor Devices and the fact that Access Solutions managed to achieve operating income of 10.6 billion yen, compared to the target of 10 billion yen.
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