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

Table of Contents

In the rotary component business segment, net sales for the fiscal year ended March 31, 2012 were down 9.7% from the previous fiscal year at 91.4 billion yen while year-on-year operating losses widened to 4.1 billion yen. The operating margin was a negative 4.5%, down 4.3 percentage points from the previous quarter.
Supply chain disruptions caused by the Tohoku Earthquake and Thai Floods kept demand down during the fiscal year. Our HDD spindle motor business was also hit hard by the flooding which took a major toll on our Rojana and Navanakorn parts plants. Our information motor business, which includes fan motors, was temporarily unable to procure driver IC chips. High rare-earth material prices also affected the procurement of magnets mainly during the second quarter.
We forecast significantly higher sales and operating income in this business segment for the fiscal year ending March 31, 2013. Now that the natural disasters and rare-earth materials price hike is behind us, we expect better sales and profitability ahead as HDD spindle motor production rebounds.

10page (total 44pages)

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