Presentation Transcripts
Latest Update : Aug.26, 2022
Back to Financial Results (FY3/2023)
Investor Meeting Presentation for 1Q FY 3/2023 held on August 5, 2022
- Cover
- Today's Agenda
- Financial Results
- Summary of Consolidated Business Results for 1Q
- Net Sales, Operating Income / Margin
- 1Q Actual: Differences from the Forecast as of May
- 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, 2023
- Forecast for Business Segment
- Business Update & Management Strategy
- Today's Points
- Today's Points (2)
- 3 spears +1
- Growth strategy
- New M&A deals
- Commencement of TOB of HONDA TSUSHIN KOGYO CO., LTD
- Acquisition of All Shares of SUMIKO TEC CO., LTD.
- Solidify the Foundation as 8 Spear by Integrating 3 Companies
- Connectors' Future with Ultra High-Speed Communications
- Image of connector-related in-vehicle products after integration
- Solidify the Foundation as 8 spear by Integrating 3 Companies
- Acquisition of All Shares of Honda Lock Mfg. Co., Ltd.
- Strengthening the access products business via integration
- Expand automotive Tier1 business based on access products
- Strengthening the Access Products Business
- Name of New Tokyo Base and Shareholders Return, etc
- Forward-looking Statements
- Reference
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Here shows the difference between the forecast as of May and actual results for net sales and operating income by business segment for the first quarter.
Net sales of the machined components were higher than projected mainly thanks to steady sales of ball bearings for data centers despite the impact of the lockdown in Shanghai.
Net sales of the electronic devices and components were lower than projected due to the impact of the lockdown in Shanghai, a lagging recovery in automotive motor sales caused by the semiconductor shortage, and a slowdown in smartphone backlight sales.
The MITSUMI business enjoyed higher-than-projected sales overall, mainly for mechanical components, semiconductors, and optical devices.
The U-Shin business experienced slightly lower-than-expected sales due to a slow recovery in automobile production.
Operating income for the machined components was almost on a par with our forecast but was lower than projected for the electronic devices and components primarily due to the impact of the lockdown in Shanghai.
The MITSUMI business enjoyed higher-than-expected operating income thanks to increased sales of mechanical components and further improvement in the profitability of semiconductors.
In the U-Shin business, quarterly operating income was almost on a par with our forecast although sales to the automobile industry started showing signs of recovery in June.
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6page (total 53pages)
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