Presentation Transcripts
Latest Update : Nov.26, 2014
Back to Financial Results (FY3/2015)
Investor Meeting Presentation for 2Q FY 3/2015 held on November 5, 2014
- Cover
- Table of Contents
- Financial Results
- Summary of Consolidated Business Results for 1H
- Summary of Consolidated Business Results for 2Q
- Net Sales
- Operating Income
- Machined Components Business
- Electronic Devices & Components Business
- Net Income
- S.G. & A. Expenses
- Inventories
- Capital Expenditure & Depreciation
- Net Interest-Bearing Debt
- Forecast for Fiscal Year Ending March 31, 2015
- Forecast for Business Segment
- Policy and Strategy
- Forecast for Fiscal Year Ending March 31, 2015
- Delivering mid-term OP target in 1st year!
- The two-pillar structure is completed!!
- Machined components: Continues to grow steadily
- LED backlights: Driving substantial growth
- Investments for next year's LED backlight production
- Three (plus one) tail winds for Minebea products (1)
- Three (plus one) tail winds for Minebea products (2)
- Motor business: Profitability steadily improves
- Other electronic devices & components
- Launched joint ball bearing venture
- Boosting sales of lighting device-related products
- Progress with Five Arrows strategy ahead of 100th Anniversary
- Increased capital expenditure plan
- Increased dividend!
- M&A and alliance strategies
- Forward-looking Statements
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For the second quarter of the fiscal year ending March 31, 2015, net sales were 117,025 million yen. That's up 22.6% from the same period last year and an increase of 17.6% over the previous quarter. Operating income jumped to 14,237 million yen for an increase of 50.4% from the same period last year and an increase of 35.3% from the previous quarter. Net income also jumped to 10,985 million yen for an increase of 85.6% from the same period last year and an increase of 60.8% from the previous quarter. Net sales, operating income, ordinary income and net income for the quarter all hit record highs since we started announcing quarterly results in 2001.
The major factor driving performance up was surging LED backlight sales and profits due to Minebea's increasing share of the growing market for high-end smart phones. In addition to that, many businesses improved including the facts that motor profitability improved due to various different cost cutting measures made in recent years while sales and profits of rod-ends were lifted by soaring commercial aircraft production.
We estimate that foreign currency translations have resulted in a year-on-year gain in net sales of approximately 4.2 billion yen, and up 0.1 billion yen from the previous quarter. Currency translations have also yielded a year-on-year operating income gain of approximately 1.3 billion yen, but down 0.6 billion yen from the previous quarter.
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