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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

Table of Contents

Another important factor is the economy which has taken an upward turn over the last six months. The Japan Center for Economic Research's World Business Climate Index shows the global economy was "stormy" up until May of this year but shifted to "rainy" in June. Looking at the economic climate in China, we see that the storm is subsiding there as well and it is now just cloudy or drizzly. We at Minebea feel that, as far as our consumer markets are concerned, the economy has bounced back from the impact of the Lehman crisis. Our monthly external bearing shipment volume hit 143 million units. While annual sales of new cars in the U.S. fell from 16 million units to 10 million units after Lehman crisis, sales shot back up to 15 million units this year. The word is that world stock market values are back to where they were six years ago as well. As we look closely into the current situation, we expect that the economy will return to pre-Lehman crisis levels and consumer markets will regain momentum mainly in emerging economies. Although there are some concerns over China's slowing economy, when we look at the Chinese market, demand for high-end parts is increasing every year. Now let's consider the outlook for our operations against this backdrop.

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