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)
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.
27page (total 37pages)
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