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

LED backlights are another area you may be concerned about. Our customers have not said that there would be fewer models of their smartphones for next year using Minebea LED backlights but I'm afraid I cannot say any more due to our confidentiality agreements with them. We have already been working with customers to develop LED backlights for their next year's models. As noted at the bottom of the slide, LCD is still evolving. I've been telling you over the last year that our supply chain companies would jointly develop an outstanding new product that could compete with OLED displays. The LCD dubbed XO, which JDI unveiled this year, is just such a product and we actually collaborated in its development. If you asked me a year ago whether or not all LCDs would be replaced by OLEDs, which don't require any LED backlight, I would have said it was too early to tell but the chance was 50-50. Now, to be honest, its 60-40. There's a 60% chance of that happening and the other 40%, well I just don't know for sure.

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