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

In the Electronic Devices and Components business segment, first quarter net sales totaled 62.7 billion yen, an increase of 10.3% from the previous quarter. Operating income jumped 32.5% from the previous quarter to hit 3.0 billion yen. The operating margin was 4.8%, 0.8 percentage points better than the previous quarter.
Sales of motors increased 6.0% from the previous quarter to reach 37.2 billion yen as sales for most motors increased due to the global economic recovery. Profits from motors increased due to higher sales as well as lower fixed costs and a smaller loss at Moatech after restructuring last fiscal year.
Sales of electronic devices increased 25.6% from the previous quarter to reach 21.6 billion yen. LED backlights, which generated approximately 80% of this unit's revenue, gained a bigger slice of the high-end slim smart phone market. LED backlight sales and profits increased from the previous quarter. A wider customer base lifted April and May sales higher than what we had initially targeted. In June, production for a major customer's new model kicked off and fixed costs increased for newly expanded capacity and increased employees. As we have expanded our production capacity in China, Cambodia and Thailand, we expect significantly higher sales mainly from a big customer and even higher profits in the September quarter.
Net sales of measuring components declined 6.9% from the previous quarter to hit 2.7 billion yen while profits remained flat.

6page (total 15pages)

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