Presentation Transcripts

Latest Update : May 25, 2015

Back to Financial Results (FY3/2015)

Investor Meeting Presentation for FY 3/2015 held on May 8, 2015

Table of Contents

Here's a look at our mid-term business plan.
Recently a newspaper report was released about our plan to begin assembling smartphones. At this moment we don't have any plans to assemble smartphone parts into finished products or LCD modules. As I've already told you on several occasions, as smartphones become more and more sophisticated, they will need a variety of additional parts that we can supply. That's one of the main reasons for the projected surge in sales this fiscal year that will take us from 500 billion yen to 650 billion yen. Due to a confidentiality agreement, that's all I can tell you now. Actually, we still don't know exactly what kind of sales figures these additional parts will generate. For now we project sales to total 650 billion yen. We will give you an update once we have a better overall picture. We're starting with a somewhat conservative estimate of operating income at 67 billion yen.
Exchange rates are good now. Now that Thailand reduced its bank rate for the second time, the dollar stands at 33.5 baht. When I visited Thailand to ask its government to address the exchange rate issue, the dollar traded for 28.5 baht. Since about 60% of our manufacturing operations are based in Thailand, a weak baht should give us a big boost. The dollar to yen rate is also good, hovering somewhere around 120 yen. As long as there are no significant fluctuations in the market, these growth targets should be well within our reach.

34page (total 48pages)

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