Presentation Transcripts

Latest Update : Feb.18, 2016

Back to Financial Results (FY3/2016)

Investor Conference Call for 3Q FY 3/2016 held on February 3, 2016

Table of Contents

Third quarter net sales for the Electronic Devices and Components business segment were up 31% from the same period last year and up 10% from the previous quarter to total 137.8 billion yen. Operating income was down 35% from the same period last year and up 13% from the previous quarter to reach 7.6 billion yen. The operating margin was up 0.1 percentage points at 5.5%.
Sales of motors were down 4% quarter on quarter to 40.2 billion yen. Although the top line deteriorated from the previous quarter, there was an increase in profit attributable steady progress made in cost cutting measures taken for each motor product.
Sales of measuring components decreased 4% compared to the previous quarter to total 9.4 billion yen while the profit margin was maintained at a high level. While Minebea's existing business captures steady demand in various products, in particular automobiles, newly acquired Sartorius Mechatronics T&H is performing better than we expected. Now Minebea and Sartorius are working actively on measures to enhance synergies with our existing businesses. We are advancing steadily and firmly toward the target of the new "Five Arrows" strategy of 50 billion yen sales in the measuring components business.
Profits of electronic devices deteriorated from the same period last year due to significant drop in LED backlight shipment caused by a worldwide smartphone market slowing down, including China. Compared to the previous quarter, however, sales increased 19% to 87.3 billion yen and profit grew as well.

7page (total 16pages)

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