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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This year, our 70th anniversary and the 60th anniversary since we went public, marks a milestone for us, so I'm hoping to set a new profit record and establish a foundation for reaching our major targets for the next fiscal year.
We set our operating income forecast at 80 billion yen, which is quite conservative. Some of you may remember that our initial forecast for the last fiscal year was in the range of 50 to 60 billion yen, which was calculated on the basis of profits accumulated by each division and by adding stress factors to the profit figure we could have been able to attain. At that time, we calculated the profit figure to be about 81 billion yen, which we arrived at by excluding one-time expenses, such as a COVID-19-related 9-billion-yen loss, retirement benefits paid in Thailand totaling 5.4 billion yen, and an 8.7-billion-yen foreign exchange loss, to the previous year's actual operating income figure of 58.6 billion yen.
A year has passed since then, and we have started to see things blossom, which I'll go into further detail about later on, so naturally this fiscal year we are capable of generating more profit than that, with 100 billion yen in clear sight.
Last fiscal year's net sales were 988.4 billion yen, just a few days' worth of sales short of 1 trillion yen. This was very disappointing, but we will try for the third time to achieve 1 trillion yen this fiscal year.
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