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Latest Update : Nov.19, 2013
Back to Financial Results (FY3/2014)
Investor Meeting Presentation for 2Q FY 3/2014 held on November 1, 2013
The factors driving the upward revision include our all-out effort to improve productivity and cut production costs by leveraging our vertical and horizontal strengths as well as aggressive investments. These investments include construction of a new ball bearing plant, additional aircraft part plants in Karuizawa and Thailand, new LED backlight plants in Suzhou and Lop Buri, and a new Cambodian plant. Although it will take a while before we see a full return on these huge investments, they have already started to pay off. As part of restructuring we withdrew from the keyboard business, whose employees have been reassigned to the backlight business operations. If we hadn't pulled out of the keyboard market, we never would have seen sales rise this fiscal half and today backlight sales of one hundred billion yen are within our grasp. In light of the shrinking demand in the PC market, it looks like we bowed out of the keyboard business just in time, leaving us in a good position to take the next step forward. We also withdrew from the coreless vibration motor business since there was little hope of it generating any synergy.
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