Presentation Transcripts
Latest Update : Nov.21, 2016
Back to Financial Results (FY3/2017)
Investor Meeting Presentation for 2Q FY 3/2017 held on November 2, 2016
- Cover
- Table of contents
- Financial Results
- Summary of Consolidated Business Results for 1H
- Summary of Consolidated Business Results for 2Q
- Net Sales
- Operating Income
- Machined Components Business
- Electronic Devices & Components Business
- Net Income
- S.G. & A. Expenses
- Inventories
- Capital Expenditure & Depreciation
- Net Interest-Bearing Debt/Free Cash Flow
- Forecast for Fiscal Year Ending March 31, 2017
- FOREX impact on Minebea
- Policy and Strategy
- 1. Evaluation of 1H (FY 3/2017) Results
- 2. Full-year forecast (FY 3/2017)
- 3. External ball bearing sales steadily growing
- 4. Motor business to bring in steady income mainly from in-vehicle applications
- 5. Beefing up growth for sensing devices
- 6. Aircraft parts to focus on investments to grow
- 7. Status and Future of HDD-related Business
- 8. Current status of LED Backlight business
- 9. Integrating with MITSUMI with eye to next fiscal year and onward
- 10. LED backlights to remain in operation next year
- 11. Cambodian plant building #3 completed!
- 12. New Sartorius MT&H Bengaluru plant
- 13. Plan to build new Slovakia plant
- 14. Marketing strategies to new heights
- 15. Business / capital alliance with Iwasaki Electric
- 16. Financial Strategies: Share buyback as an anti-dilution measure
- 17. Financial Strategies: dividend
- 18. Financial Strategies: M&A Strategies
- Forward-looking Statements (1)
- Forward-looking Statements (2)
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Second quarter net sales for the Electronic Devices and Components business segment totaled 117.4 billion yen, a decrease of 7% from the same period last year, but an increase of 45% from the previous quarter. Operating income was 6.4 billion yen, a decrease of 5% from the same period last year, and 15 times that of the previous quarter, while the operating margin jumped up 5.0 percentage points from the previous quarter to 5.5%.
Sales of motors decreased 2% quarter on quarter to 38.8 billion yen. Profits were firm compared to the June quarter given the adverse currency environment, helped by steady demand for most of our motor products, although Moatech under restructuring returned to negative territory.
Net sales of electronic devices more than doubled compared to the previous quarter, to 68.9 billion yen, mainly due to the fact that shipments of LED backlights have started and increased for this year's smartphone models during the quarter with a slight delay and a hiccup, but without significant problems, as seasonality improved. Profits also improved significantly quarter on quarter.
Sales of sensing devices totaled 8.9 billion yen, an increase of 3%, compared to the previous quarter. Profits decreased, however, mainly due to adverse exchange rates in addition to the fact that weaker European capital expenditure attributable to political uncertainty negatively impacted Sartorius MT&H.
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