Presentation Transcripts
Latest Update : Feb.24, 2022
Back to Financial Results (FY3/2022)
Investor Conference Call for 3Q FY 3/2022 held on February 4, 2022
- Cover
- Summary of Consolidated Business Results for 3Q
- Net Sales, Operating Income/ Margin
- 3Q Actual: Differences from the Forecast as of November
- Machined Components
- Electronic Devices & Components
- Mitsumi Business
- U-Shin Business
- Profit Attributable to Owners of the Parent / EPS
- Inventory
- Net Interest-bearing Debt / Free Cash Flow
- Forecast for Fiscal Year Ending March 31, 2022
- Forecast for Business Segment
- Today's Points
- R&D (1): Lay the Groundwork for 100th Anniversary (2051)
- R&D (2): R&D for Solving Social Issues
- R&D (3)-1: Thus, Setting Up New Tokyo Base
- R&D (3)-2: Supplementary info about New Tokyo Base
- R&D (4): New Kansai Base (ORDC)
- Vision for the Next Fiscal Year (beyond ¥100B)
- Forward-looking Statements
- Reference
Hello, I'm Kainuma.
First off, I'd like to go over the highlights of today's presentation.
There's a lot here, but I think a valiant effort was made under various circumstances.
Also, I think we've done everything for this year. I'm not sure whether operating income will be 92.0 billion yen or 93.0 billion yen, but for the first nine months, net sales were 834.6 billion yen with another 97.0 billion yen coming in January, so through January, it will be over 930.0 billion yen. There are two months left in this year, so the target of 1 trillion yen will be achieved on a two-year delay.
We will invest aggressively in bearings. We will produce 336 million units this March, and our capacity will reach 345 million units by August. Furthermore, the new plant that was constructed will be operational in November, and by August 2023 the capacity will be 365 million units per month. This is about three months behind the initial plan, but it was caused by delays in procuring some parts for manufacturing equipment, so under the circumstances, it was unavoidable.
The Mitsumi business has changed significantly. Before the business integration, it had negative operating income, but this year it will break its record high of 33.2 billion yen, and we are aiming to bring that to 40.0 billion yen. I think the first stage is now complete in the Mitsumi business.
Today's main topics will be the relocation of the Tokyo Headquarters and our outlook for the next year.
14page (total 30pages)
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