Presentation Transcripts

Latest Update : Feb.16, 2018

Back to Financial Results (FY3/2018)

Investor Conference Call for 3Q FY 3/2018 held on February 7, 2018

Now I would like to go over the consolidated financial results for the third quarter of the fiscal year ending March 2018.
Consolidated net sales reached 225.9 billion yen while operating income totaled 22,437 million yen and net income 17,278 million yen.
Net sales increased 35.0% year on year, while operating income and net income were respectively 39.2% and 42.0% higher than the previous year's figures.
Net sales, operating income, and net income respectively decreased 4.2%, 9.9%, and 14.0% on a quarter-on-quarter basis.
Net sales, operating income, ordinary income, and net income exceeded previous third-quarter record highs by a wide margin.
Factors behind these big year-on-year increases include the steady business in machined components, mainly for ball bearings, as well as the consolidation of Mitsumi businesses.
Currency fluctuations brought net sales up an estimated 3.2 billion yen quarter on quarter and up 12.7 billion yen year on year. Foreign exchange rates brought operating income up 0.04 billion yen quarter on quarter and up 0.5 billion yen year on year.

3page (total 22pages)

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