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
In the Rotary Components business segment, second quarter net sales were 26.7 billion yen, up 7.3% from the first quarter. Operating income increased to 0.3 billion yen from breakeven in the first quarter.
Net sales of HDD spindle motors increased by 19.2% from the first quarter to 6.2 billion yen. Operating losses in this business shrunk significantly from the previous quarter. This was mainly due to improved production efficiency and lower scrap costs from improved production yields, although a major realignment of production facilities and other factors caused one-time expenses as in the first quarter.
Net sales of information motors and other motors increased by 4.1% from the previous quarter, to 20.5 billion yen. Operating income from these businesses was almost flat from the previous quarter. Although profitability of vibration motors, precision motors and brush DC motors worsened, profitability of fan motors, brushless DC motors and stepping motors improved on higher sales volume.
9page (total 48pages)
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