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

Growing sales of LED backlights in the Electronic Devices and Components business segment went a long way to boosting first quarter net sales which totaled 86.3 billion yen for an increase of 37.2% over the same period last year. Operating income jumped 73.2% year on year to hit 5.6 billion yen while the operating margin was up 1.4 percentage points over the same period last year at 6.5%.
Sales of motors increased 7.7% year on year to reach 39.7 billion yen. While sales for most motors increased due to the global economic recovery, HDD spindle motor shipment volumes declined in the shrinking HDD market despite our increased market share.
Sales of electronic devices increased 72.9% over the same period last year to reach 37.8 billion yen due to Minebea's ultra-thin LED backlight's market share gains in the smartphone market. On a quarter on quarter basis, sales decreased due to seasonality but from the second quarter onward we expect to see higher sales and profits from LED backlights than we saw in the first quarter as we begin shipments for a number of new models manufactured by big customers.
Sales of measuring components totaled 8.2 billion yen, which is 3.1 times what they were for the same period last year. In addition to steady sales growth in existing business operations, the Sartorius Mechatronics T&H acquisition contributed significantly to our bottom line and the profit margin remained high even after the acquisition.

6page (total 17pages)

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