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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To sum everything up, we see that the goal of achieving 320 billion yen in sales and 32 billion yen in operating income for the fiscal year ending March 2012 are well within our grasp.
We plan to reach these targets by first boosting sales of ball bearings and bringing the new plant on line and secondly bringing rod-end production to full capacity. The third step focuses on riding the HDD market wave that is expected to continue expanding steadily next year. We got approval for our patented sleeveless pivot assemblies for 7-mm high HDDs from our customers and will start supplying them by the end of this fiscal year with an eye to becoming the market's top supplier. The monthly production volume of LED backlights will reach 30 million units next year. We will boost profitability for rotary components through belt-tightening measures. In numerical terms, I expect to see operating income increase roughly by 3 billion yen from rotary components and roughly 2 billion yen from the other five areas. Additional business operations gained through M&A activities will also contribute to our bottom line. While I cannot provide you with the details here, I can tell you that we always have M&A projects in the works. Altogether we are aiming for 320 billion yen in sales and 32 billion yen in operating income next year. We have taken all these initiatives into consideration in looking ahead into the second fiscal half to come up with the full-year forecast totaling 25 billion yen in operating income we have shown you today.
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