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

This slide shows the results for the machined components segment.
First quarter net sales were down 2% quarter on quarter to total 40.6 billion yen while operating income was up 3% to reach 10.4 billion yen and the operating margin grew 1.1 percentage points to hit 25.6%. Although production and shipment volumes of ball bearings remained high, the appreciation of the baht against the dollar had a negative impact.
Even though ball bearing sales remained the same as they were for the previous quarter at 25.2 billion yen, profits increased. Average out at 181 million units, the monthly external shipment volume increased year on year for 19 consecutive quarters. We are making steady progress with our efforts to boost production capacity by improving productivity, which we explained in May. The monthly production volume for May and June hit an all-time high of 267 million units.
Due in part to the strong yen, sales of rod-ends and fasteners, totaling 7.5 billion yen, were down 3% quarter on quarter. Profits also declined quarter on quarter.
Sales of pivot assemblies dropped 6% quarter on quarter to hit 7.9 billion yen. Although the shipment volume fell 7% quarter on quarter, pivot assemblies yielded steady profits as we held on to over 80% of the market share.
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5page (total 19pages)

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