These are our profit drivers for the next fiscal year.
Once the external environment improves, machined components such as bearings and aircraft components will generate approximately 50 to 55 billion yen, motors will generate 20 billion yen if the HDD market recovers, and semiconductors will definitely generate 25 billion yen. When you combine that with OIS and access products from Minebea AccessSolutions (formerly Honda Lock), our operating income should go well beyond 100 billion yen, even after deducting headquarters expenses.
The current external environment is not a serious threat. It's not that our market is disappearing because of technological changes. What we're seeing is more of a cyclical slowdown. This fiscal year, to deal with the semiconductor shortage, most smartphone manufactures have allocated a limited amount of semiconductors to their high-value-added models. This made the supply-demand balance for low-priced models quite tight. Once the semiconductor shortage is resolved, latent demand should take off.
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