Presentation Transcripts
Latest Update : June 2, 2021
Back to Financial Results (FY3/2021)
Investor Meeting Presentation for FY 3/2021 held on May 7, 2021
- Cove
- Today's Agenda
- Financial Results
- Summary of Consolidated Business Results
- Summary of Consolidated Business Results for 4Q
- Net Sales, Operating Income/margin Year
- Net Sales, Operating Income/margin Quarter
- 4Q Actual: Differences from the Forecast as of February
- Machined Components Year
- Machined Components Quarter
- Electronic Devices & Components Year
- Electronic Devices & Components Quarter
- Mitsumi Business Year
- Mitsumi Business Quarter
- U-Shin Business Year
- U-Shin Business Quarter
- Profit attributable to owners of the parent / EPS Year
- Profit attributable to owners of the parent / EPS Quarter
- Inventory
- Net interest-bearing debt / Free cash flow
- Forecast for Fiscal Year Ending March 31, 2022
- Forecast for Business Segment
- Changes of Business Segment
- Forecast for Business Segment (Adjusted)
- Management Policy & Business Strategy
- Summary of Fiscal Year ended 3/21
- Summary of Fiscal Year ending 3/22 Plan
- Mid-term Business Plan Targets
- Machined Components Targets
- Electronic Devices and Comp. (1) Targets
- Electronic Devices and Comp. (2) Motors
- Mitsumi Business (1) Targets
- Mitsumi Business (2) Optical Devices
- Mitsumi Business (3) Analog Semiconductors
- U-Shin Business Targets
- Construction of New Multi-purpose Factory
- Mission as CEO: Looking Back on My Tenure So Far
- Net Sales and Market Capitalization
- Path to 100 billion yen in operating income
- Mission as CEO: Looking Back on My Tenure So Far
- Laying the New Foundation for 100th Anniversary (1)
- Laying the New Foundation for 100th Anniversary (2)
- 70th Anniversary Dividend
- ESG Topics
- Forward-looking Statements
- Reference
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Let's look at the performance for the Mitsumi business segment.
Net sales increased 23.5% year on year to total 361.0 billion yen in the fiscal year ended March 31, 2021. Sales increased due to strong sales of mechanical components thanks to growing demand as more people around the world avoid going out, as well as strong sales of analog semiconductors, including the new consolidation of ABLIC.
Operating income came to 19.8 billion yen, and the operating margin was 5.5%.
These figures represent a 5.9% year-on-year increase in operating income and a 0.9 percentage point year-on-year decrease in the operating margin. Profits for analog semiconductors, mechanical components, and power supplies grew while other businesses saw profits decrease.
One-time expenses incurred during the fourth quarter include PPA of approx. 2.1 billion yen and processing of molds and inventory of optical devices for major Chinese customers of approx. 1.9 billion yen, for a total of approx. 4.0 billion yen. If this effects were not factored in, it would be a 27% year on year increase in operating income and a 0.2 percentage point year-on-year increase in the operating margin
In the fiscal year ending March 31, 2022, we expect sales to increase mainly due to optical devices, but we expect sales to be on par with the fiscal year ended March 31, 2021 due to a conservative view of machined components.
The business transfer in the Mitsumi business segment will have an impact of a decrease of approx. 19.5 billion yen in net sales for the fiscal year ending March 2022. I will explain later.
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