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 move on to the machined components business segment. Last year, I said: "We have absolutely no concerns about bearings. Although there will be some ups and downs, bearing demand will steadily grow, and we have an overwhelming competitive edge. However, if our customers suspend their operations, we won't be able to ship our bearings, but that's nothing to worry about." Well, things happened just as I said. Production and sales have been booming as I mentioned earlier, and we are making good progress with the project to raise production capacity to 345 million units.
We are also working to substantially improve the quality of our bearings and are very close to completing a mass production technology. We will implement product strategies with a focus on the role small-sized and miniature bearings will play in the carbon neutral era.
We are ready to shift from a push system to a pull system in rod end production. In the U.S., passenger demand is returning, and airline companies are retiring their aging fleets. On top of that, there is demand for new aircraft models equipped with new model engines designed for carbon-neutral era as well as a shift from twin- to single-aisle aircraft. Thanks to these factors, the market should start to pick up, so I'm looking forward to next year.
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