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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Now let's take a look at the results by segment, starting with the machined components business segment. On the left is a graph indicating quarterly net sales trends and on the right is a graph with a bar chart quarterly operating income trends along with a line chart for operating margins.
First quarter net sales increased 0.8% quarter on quarter to total 46.4 billion yen.
Sales of ball bearings increased 3.2% quarter on quarter to total 34.0 billion yen. The monthly external shipment volume was down 3.9% quarter on quarter for an average of 222 million units. Net sales remained strong as sales began to rebound mainly in the automobile market although they were affected by the shortage of semiconductors and the lockdown in China.
Sales of rod-ends and fasteners, totaling 7.6 billion yen, were up 0.1% over the previous quarter. Sales of pivot assemblies decreased 12.9% quarter on quarter to total 4.7 billion yen.
Operating income for the quarter totaled 10.2 billion yen, and the operating margin was 22.0%. On a quarter-on-quarter basis, operating income decreased 9.6% while the operating margin dropped 2.5 percentage points.
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7page (total 53pages)
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