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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As shown in the slide, Cambodia is located between Thailand and Vietnam and has a population of 13.4 million. One of the merits of expanding into Cambodia is that it will enable us to more easily work with our excellent plants in Thailand. Now that we have about 32,000 employees in Thailand and about 16,000 thousand employees in China, we must consider diversifying risk.
Faced with the need to build up our workforce, we decided to expand into Thailand after selecting it out of a number of possible locations to base our production operations. Ten years later we expanded into China with an eye to making further inroads into the Chinese market. Over a decade has passed since then and we now operate throughout Asia partially as a result of M&As. One of the primary reasons for choosing to build in Cambodia is that we decided to strategically reorganize manufacturing operations for each product after carefully analyzing their separate characteristics.
There are also drawbacks to expanding into Cambodia, such as unstable power supply, high utility costs due to its underdeveloped infrastructure, as well as a low literacy rate. The component industry is still underdeveloped in Cambodia. In truth there are a lot of unknowns that make it difficult to plan out our operations in Cambodia. We've been in similar situations before however, where we have successfully opened a plant in Singapore more than 30 years ago, another in Thailand after that, followed by yet another in China. Our predecessors who successfully expanded our operations over the years have handed down a wealth of know-how that we can now leverage in Cambodia.
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