Presentation Transcripts

Latest Update : Aug.6, 2014

Back to Financial Results (FY3/2015)

Investor Conference Call for 1Q FY 3/2015 held on July 31, 2014

Table of Contents

For the first quarter of the fiscal year ending March 31, 2015, net sales were 99,531 million yen, an increase of 16.7% from the same period last year and an increase of 6.3% over the previous quarter. Operating income jumped to 10,524 million yen, 3.0 times what it was for the same period last year and an increase of 18.5% from the previous quarter. Net income also jumped to 6,831 million yen, 2.4 times that of the same period last year and an increase of 36.7% from the previous quarter. Net sales, operating income and ordinary income for the quarter all hit record highs since we started announcing quarterly results in 2001.
The major factor driving performance up was increasing demand for a number of different ball bearings and motors as a result of the upturn in the global economy. On top of that, our LED backlight sales and profits are surging due to Minebea's increasing share of the growing market for high-end smart phones.
We estimate foreign currency translations have resulted in a year-on-year gain in net sales of approximately 4.0 billion yen, but down 0.8 billion yen from the previous quarter. Currency translations have yielded a year-on-year operating income gain of approximately 3.4 billion yen, but down 0.2 billion yen from the previous quarter.

2page (total 15pages)

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