Presentation Transcripts
Latest Update : May 31, 2012
Back to Financial Results (FY3/2012)
Investor Meeting Presentation for FY 3/2012 held on May 10, 2012
- Cover
- Table of contents
- Financial Results
- Summary of Consolidated Business Results
- Summary of Consolidated Business Results for 4Q
- Net Sales
- Operating Income
- Machined Components Business Yearly
- Machined Components Business Quarterly
- Rotary Components Business Yearly
- Rotary Components Business Quarterly
- Electronic Devices & Components Business Yearly
- Electronic Devices & Components Business Quarterly
- Other Business Yearly
- Other Business Quarterly
- Net Sales
- S.G. & A. Expenses
- Inventories
- Capital Expenditure & Depreciation
- Net Interest-Bearing Debt
- Forecast for Fiscal Year Ending March 31, 2013
- Forecast for Business Segment
- Policy and Strategy
- Business Environment
- Relative Stock Performance
- New Medium-term Business Plan Strategy
- New Medium-term Plan Revised Targets (FY3/13-FY3/15)
- Machined Components Business
- Rapid Increase in Pivot Assembly Market Share
- Boost Ball Bearing Sales
- Orders for Aircraft Bearings Soar
- Rotary Component Business
- Boost HDD Spindle Motor Profitability
- Profit Improvements in Rotary Components
- Aggressively Expand Cambodian Plant
- Agreement to Acquire 50.8% Stake in Moatech Shares
- Electronic Devices & Components Business, Other
- New Product Development (LED Lighting)
- Accelerate growth through M&As in Machined Components Business
- Implementing 2nd Incentive Plan
- Capital Expenditure Plan
- Net Interest-bearing Debts Plan
- Dividend Policy
- Forward-looking Statements
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In the electronic devices and components business segment, net sales for the fiscal year ended March 31, 2012 were 37.9 billion yen, down 6.5% from the previous fiscal year. A loss of 1.0 billion yen put our operating income in the red while the operating margin declined by 12.8 percentage points to reach minus 2.5%.
Although a large order for our LED backlights led us to increase production capacity with the opening of the new Suzhou plant last April, sales of LED backlights did not increase as expected. Operating income also dipped into the red as supply chain disruptions due to the earthquake and flooding prevented us from procuring needed materials and a problem experienced by a customer forced us to delay the shipment of LED backlights for a tablet PC. Measuring component sales and profits also decreased since production at Japanese automobile manufacturers was affected by these natural disasters. Despite all these obstacles we were able to maintain a healthy operating margin.
We forecast significantly higher sales and profitability for LED backlights as well as the entire business segment for the fiscal year ending March 31, 2013. Shipments of our LED backlights for a tablet PC have begun this April and we will begin shipping another large order for smartphones this month.
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