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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I am convinced that the success of our Eight Spears strategy, which has enabled the electronic devices and components business to keep increasing profits without LED backlights, has put the business on a self-sustaining growth trajectory.
The operating margin for the electronic devices and components business is projected to be 6.6% this fiscal year. The highest it ever reached was 8.9% in the fiscal year ended March 2015 when operating income totaled 30.7 billion yen. This year's forecasted figure is about 8 billion yen below that amount, at 22 billion yen. Operating income for backlights will account for a very small part of that figure, with the bulk of it coming from other products. It's safe to say that we have completed our product growth project designed to cover declining backlight sales and augment profit.
You may have been concerned about backlights and were wondering what would happen without them since they were generating such big profits at one time. Thanks to the three spears plus one strategy that I mentioned earlier, etc., we finally broke the curse of the backlights.
The sensor business should also dramatically grow as more cars become electric.
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