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Latest Update : Feb.18, 2016
Back to Financial Results (FY3/2016)
Investor Conference Call for 3Q FY 3/2016 held on February 3, 2016
For the first nine months of the fiscal year ending March 31, 2016, net sales jumped up sharply to reach a new record high. Operating income was down slightly from the same period last year.
While the outlook for the global economy is becoming more and more uncertain, as seen in concerns about the slowdown in the Chinese economy, demand for Minebea's precision components remains steady driven by high-value-added consumer products. In particular, external shipment volume of ball bearings is increasing quarter by quarter and is expected to grow further. However, LED backlights for smartphones, which have grown sharply in recent years, underwent a customers' production adjustments lowering overall profits.
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