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Latest Update : Aug.5, 2015

Back to Financial Results (FY3/2016)

Investor Conference Call for 1Q FY 3/2016 held on July 31, 2015

Table of Contents

Despite a quarter-on-quarter drop, with the exception of net income, sales and profits for the first quarter of the fiscal year ending March 31, 2016 rose dramatically year on year. Net sales have continued to climb year on year for the last thirteen quarters and operating income for the last eight quarters.
The major factors driving the year-on-year increases include stronger demand for a number of products such as ball bearings, LED backlights, motors (except for HDD spindle motors) and measuring components in addition to the positive impact from the Sartorius Mechatronics T&H acquisition. This uptick came despite inventory adjustments in the HDD market where weak PC sales kept demand for our pivot assemblies and HDD spindle motors down.
We estimate foreign currency translations have resulted in a year-on-year gain in net sales of approximately 12.9 billion yen, and up 0.7 billion yen from the previous quarter. Currency translations have yielded a year-on-year operating income gain of approximately 1.2 billion yen, and up 0.2 billion yen from the previous quarter.

2page (total 17pages)

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