Presentation Transcripts

In the electronic devices and components business segment, net sales for the fiscal year ended March 31, 2015 totaled 343.8 billion yen. That's up 49.2% from the previous fiscal year due to another year of skyrocketing LED backlight sales, which account for the majority of electronic devices sold. Operating income swelled to 29.7 billion yen, which is 3.1 times what it was last year, with the operating margin spiked 4.4 percentage points over the previous year to reach 8.6% due to growing sales of LED backlight and improved profitability in the motor business due to cost-cutting measures. For the fiscal year ending March 2016, we forecast higher sales and profits once again.

Sales of motors rose 10.7% over the previous year to total 154.6 billion yen. Profitability in the motor business improved as sales increased to automotive and other applications and expenses declined as a result of cost-cutting measures.
For the fiscal year ending March 2016, we are aiming at better profits due partly to restructuring measures for some motor products.

Net sales of electronic devices soared 2.3 times higher than where they were last year to 170.0 billion yen. LED backlights sales and profits increased as sales volumes of our ultra-thin LED backlights rose to meet production needs for the latest smartphone models manufactured by our existing as well as newer Chinese customers. Consumer demand for more battery space, higher definition display and lighter weight mobile products is fueling demand for our ultra-thin highly efficient LED backlights in the growing smartphone market where we deliver products not only to high-end but also to mid-range models. For the fiscal year ending March 2016, we expect to see another hike in sales and profits now that we have expanded production capacity in Thailand and Cambodia. On top of that, smartphone related assembly business is going to expand and sales of electronic devices are expected to jump up in 100 billion-yen-order.

Net sales of measuring components rose 25.2% over the previous fiscal year to reach 13.4 billion yen and growing sales pushed profits up. We expect even higher sales and profits for the fiscal year ending March 2016 mainly due to the contribution from the recently acquired Sartorius Mechatronics T&H.