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

This slide shows the current performance of our miniature ball bearings, which are our anchor product line.
The monthly average external shipment volume of miniature ball bearings is increasing quarter by quarter at an annual growth rate of 7% from the previous year. This is due mainly to a steady demand for precision components that are used for high-value-added consumer products in developed economies, mostly accounted for by the U.S.A. and Europe, and this trend is expected to continue. We are on track to hit our monthly average external shipment target of 180 million units announced last May as part of the new "Five Arrows" strategy.
Internal shipments of ball bearings, which are mostly used for pivot assemblies, are decreasing due to shrink in the HDD market. Although the internal shipment volume is expected to continue to decline gradually, we have minimized its impact on profitability by expanding external shipments. In addition, thanks to positive impact of depreciation of the Thai Baht, profitability of the Machined Components business segment has been maintained at a high level.

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