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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I know that you may have concerns about the business integration with MITSUMI ELECTRIC. We've already gotten the green light from the competition authorities, but there is still a lot of work that needs to be done at MITSUMI. That's why we signed a business support agreement and started providing assistance with its operations. We then decided to move up the effective date of the share exchange from the initially scheduled date of March 17 of next year to January 27 so we can integrate our businesses ASAP. MITSUMI plans to hold an extraordinary general shareholders meeting on December 27 this year. It is still a separate and independent entity. Until we get approval at its shareholders meeting, I'm not MITSUMI's president and cannot ask it for various documents and materials. I want Minebea and MITSUMI to become one company soon so I can take further steps in providing managerial guidance. I plan to make changes to many different aspects of MITSUMI's corporate culture right away, including its management practices, and rebuild its business portfolio so we'll see positive outcomes of the integration in the next fiscal year. That's the reason why we moved the schedule up by approximately two months. MITSUMI announced its financial results for the second quarter today and I'm aware that the company is in a tight spot. Once we start providing MITSUMI deeper assistance with its operations, we should be able to see the positive effects of the integration in no time.
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