Presentation Transcripts

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

First quarter net sales for the Machined Components business segment rose 11.9% from the same period last year to total 41.0 billion yen. Operating income was up 4.2% year on year to reach 10.0 billion yen and the operating margin was down 1.8 percentage points at 24.3%. While the external shipment volume for ball bearings grew steadily, our pivot assembly shipment volume declined year on year due to inventory adjustments in the HDD market.
Sales of ball bearings increased 18.9% year on year to total 24.6 billion yen. The external shipment volume, buoyed by strong growing demand, especially from the automobile and air-conditioner industries, hit a new record high of 160 million units in June.
Sales of rod-ends and fasteners rose 20.0% above what they were for the same period last year to reach 8.1 billion yen. As demand from the civil aviation industry continues to steadily soar, we would like to work on improving this business unit's top and bottom lines by realizing marketing and production synergy across our global bases.
Sales of HDD pivot assemblies declined 9.8% year on year to hit 8.3 billion yen. We expect demand will gradually begin to bounce back despite declining demand in the HDD market that has been ongoing since the previous quarter.

5page (total 17pages)

You need Adobe Reader® to view these documents. Click on Adobe Reader icon on the left to download the software from the Adobe Systems website.

It ends about main text.