Presentation Transcripts

Latest Update : Aug.8, 2017

Back to Financial Results (FY3/2018)

Investor Conference Call for 1Q FY 3/2018 held on August 4, 2017

Consolidated financial results for the first quarter of the fiscal year ending March 2018 totaled 193,204 million yen. That figure is up 60.6% year on year but down 1.6% quarter on quarter. Operating income increased 2.4-fold year on year and 19.3% quarter on quarter to total 17,062 million yen. Net income was up 4.5-fold year on year and down 12.6% quarter on quarter to hit 14,181 million yen. Net sales, operating income, ordinary income, and net income were all first quarter record highs.
This achievement was due to the higher-than-expected shipment volumes of smartphone parts on top of the strong performance of the ball bearing and motor businesses.
Currency fluctuations brought net sales down an estimated 3.8 billion yen quarter on quarter and 0.1 billion yen year on year. Foreign exchange rates also brought operating income down 1.4 billion yen quarter on quarter but up 0.1 billion yen year on year.

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