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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Since U-Shin is a Tier 1 company, it has been hit hard by the pandemic since the first half of the last fiscal year. Although the business quickly recovered in the second half, we decided to cut about 300 jobs in Europe.
We wrapped up our final negotiation with French labor unions about two weeks ago. This will allow us to close down the low-priced lock set business and concentrate on three products that have added value and synergy with the MinebeaMitsumi Group's other products.
There is no way getting around being somewhat affected by the shortage of semiconductors and other factors from April to June of this fiscal year, but our current plan is to gradually get back on track after June. We are also bolstering our sales capability in order to improve our business structure by shifting our focus from low-priced to high-priced products.
Smart locks, which are no longer under U-Shin due to changes to our business segments, are continuing to sell at the rate of 50 to 100 units a day. We're taking a wait-and-see approach while learning more about the B2C business, so when the time is right, we can hit the ground running.
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