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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Next, let's take a look at motors. As I mentioned earlier, our fan motor factory in Shanghai had a really tough time during the two-month lockdown, during which only 20% of employees were able to report to work. However, we expect the overall motor business to bounce back during June to September. We have finally started implementing the price revisions, which we had been asking our customers to agree to for some time, so profitability should improve as well. On top of that, sales of automotive motors have been quite upbeat. Sales to the office automation sector have unfortunately lost steam due to the semiconductor issue. Spindle motor sales are also falling off, but despite the drop in volume, the decline in earnings is not that great since profits come largely from near-line storage applications, mainly helium-filled models. We are almost certain that operating income for motors will hit 25 billion yen in a few years.
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