Presentation Transcripts
Latest Update : Nov.19, 2010
Back to Financial Results (FY3/2011)
Investor Meeting Presentation for 2Q FY 3/2011 held on November 2, 2010
- Cover
- Table of Contents
- Financial Results
- Summary of Consolidated Business Results for 1H
- Summary of Consolidated Business Results for 2Q
- Net Sales
- Operating Income
- Machined Components Business
- Rotary Components Business
- Electronic Devices & Components Business
- Other Business
- Net Income
- S.G. & A. Expenses
- Inventories
- Capital Expenditure & Depreciation
- Net Interest-Bearing Debt
- Forecast for Fiscal Year Ending March 31, 2011
- Policy and Strategy
- Review of Business Strategy for the First Half of FY Ending March 2011
- First Half Results Beat Initial Projection
- Ball Bearing Operations at Full Capacity
- Ball Bearings Strategies for Chinese Market to Be Resumed
- LED Backlight Business
- Brushless DC Motor Business
- Profitability improvements in Keyboard/Speaker Businesses
- Quickly boost sales of EMS products
- Examples of Hybrid Products
- COOL LEAF Finally Makes Market Debut !!
- HDD Market Trend
- Profitability improvements in Spindle Motor Business
- Pivot Assemblies
- Sluggishness in Some Motor Products
- Relative Stock Performance
- Medium-term Business Plan Progress (Toward FY Ending March 2012)
- No Change in Targets
- Ball Bearing Business Remains Steady
- Rod-end Production to Exceed Past High
- LED Backlight Operations to Expand Further
- Overhauling Profit Structure of the Rotary Components Business
- Quantity as Benchmark for Rotary Components (1)
- Quantity as Benchmark for Rotary Components (2)
- Information Motor Business to Expand
- Considering expansion into Cambodia (1)
- Considering expansion into Cambodia (2)
- Goals Set for FY Ending March 2012 within Reach
- Financial Strategies
- Review of Business Strategy for the First Half of FY Ending March 2011
- Forward-looking Statements
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For the Machined Components business segment, second quarter net sales were 26.8 billion yen, down 5.0% from the previous quarter. Operating income, on the other hand, was 7.3 billion yen, up 2.8% from the previous quarter. Operating margin was 27.3%, up 2.1 percentage points from the previous quarter, due to the lower unit production costs of ball bearings and other factors.
Second quarter sales of miniature and small-sized ball bearings decreased by 3.1% from the previous quarter, to 15.5 billion yen. However, profits in this business increased from the previous quarter due to reduced unit production costs, as sales volume increases led to full capacity production despite negative impacts from currency fluctuations, mainly the weaker U.S. dollar.
Second quarter sales of rod-ends and fasteners increased by 2.1% from the previous quarter, to 4.9 billion yen. Profits increased from the first quarter due to reduced costs, although the stronger Japanese yen affected exports of Japan made products.
Second quarter sales of pivot assemblies for Hard Disk Drives decreased by 14.9% from the previous quarter, to 6.3 billion yen. This was due to lower sales volume caused by prolonged inventory adjustments in the HDD market since June. Profits were lower compared to the first quarter.
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