Presentation Transcripts
Latest Update : May 30, 2022
Back to Financial Results (FY3/2022)
Investor Meeting Presentation for FY 3/2022 held on May 11, 2022
- Cover
- 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, 2023
- Forecast for Business Segment
- Management Policy & Business Strategy
- Summary of Fiscal Year ended 3/22
- Key Points of FY3/23 Plan
- Image of Growth Drivers and Uncertainty of this Fiscal Year
- Mid-term Business Plan
- Machined Components Targets
- Ball Bearing Business Update
- [Reference] Outlook of Aircraft Market
- Electronic Devices and Comp. Targets
- Motor Business Update
- MITSUMI Business Targets
- Analog Semiconductor Business Update
- Optical Device Business Update
- U-Shin Business Targets
- Challenge to Carbon Neutrality
- Expand "MMI Beyond Zero"
- To Issue Green Bonds
- Dividends
- Forward-looking Statements
- Reference
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This slide shows the quarterly trends in the machined components segment.
Fourth quarter net sales increased 6.8% quarter on quarter to total 46.0 billion yen.
Sales of ball bearings increased 6.7% quarter on quarter to total 33.0 billion yen. The monthly external shipment volume was down 0.4% quarter on quarter for an average of 231 million units. Although sales to data centers remained robust, they were affected by the shortage of semiconductors, particularly in the automobile sector, and the lockdown in China. Sales of aircraft bearings remained sluggish due to the stagnant market.
Sales of rod-ends and fasteners, totaling 7.6 billion yen, were up 19.2% over the previous quarter. Sales of pivot assemblies decreased 6.5% quarter on quarter to total 5.4 billion yen.
Operating income for the quarter totaled 11.3 billion yen, and the operating margin was 24.5%. On a quarter-on-quarter basis, operating income decreased 2.9% while the operating margin dropped 2.5 percentage points. Looking at the results by product, we see that profits for pivot assemblies fell along with sales decrease while rod-ends and fasteners rose. Operating income for ball bearings remained almost unchanged.
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