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Latest Update : Nov.21, 2016

Back to Financial Results (FY3/2017)

Investor Meeting Presentation for 2Q FY 3/2017 held on November 2, 2016

Table of Contents

As for our plan to build a new plant in Slovakia, we have picked a place called Kosice. I met with the prime minister of Slovakia the other day and received an enthusiastic welcome. We want to increase sales of our in-vehicle parts, such as in-vehicle motors, in Europe. In order to do that we need to make our factory part of the European supply chain. So after more than a year of careful consideration with our employees in Germany we have finally decided to build a plant in Europe. Since Slovakia is an EU country, we can save on transportation costs as well as tariffs and basically avoid currency risk. In fact our European Motion Technologies business unit in Germany already had a small factory in Slovakia's capital, Bratislava, and we used the experience of operating a factory there as a reference in making our decision. We are focusing not only on the motors produced in Bratislava but also various lines of in-vehicle motors, MITSUMI antennas, and automotive LED backlights. These products have been adopted for European cars one after another. The site measures 100,000 square meters and we can option an additional 100,000-square-meter area right next to it. Over the next five years we will invest a total of 100 million euro, or about 12 billion yen at the current exchange rate, in the facility.

30page (total 37pages)

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