Presentation Transcripts

Now let's look at the electronic devices & components segment.

In the fiscal year ended March 31, 2022, net sales were up 2.0% year on year to total 371.0 billion yen. Looking at the results by product, we see that sales of motors increased 32.3% year on year to reach 267.2 billion yen. This increase was due to sales of spindle motors for HDDs, as well as the expansion of applications for motors in automobile and the launch of new products. Electronic devices sales were down 48.5% year on year to 64.2 billion yen due to the declining number of sales units of models that use LED backlights at the major customers, in addition to the impact from changes to the business segments. Net sales of sensing devices totaled 35.4 billion yen, increasing 8.5% year on year.

Operating income was 21.6 billion yen with the operating margin of 5.8%. Compared to the previous fiscal year, operation income increased by 22.3% and the operating margin rose by 1.0 percentage points. Looking at the results by product, we see that operating income was up for motors and sensing devices but down for electronic devices.

In the fiscal year ending March 31, 2023, we anticipate accelerated growth for motors due to recovery in the automobile market, an increasing number of applications, and the launch of new products, and we expect a significant increase in both sales and profit.  For electronic devices, we expect a decrease in sales and profits due to a decrease in the number of units of models that use LED backlights. Sales of sensing devices will be almost flat, but profits are expected to increase due to improved profitability.

For your reference, figures shown for the fiscal year ended March 2021 and before are based on the classifications used before changes to the business segments were made. Please note that the same applies to the rest of the presentation.