Presentation Transcripts
Latest Update : June 6, 2023
Back to Financial Results (FY3/2023)
Investor Meeting Presentation for FY 3/2023 held on May 11, 2023
- Cover
- Today's Agenda
- Financial Results
- Summary of Consolidated Business Results
- Summary of Consolidated Business Results for 4Q
- Net Sales, Operating Income / Margin
- Increase / Decrease & Special Factors of Full Year OP
- Net Sales, Operating Income / Margin
- Improvement of Understandability by Changing Segment Names
- 4Q Actual: Differences from the Forecast as of February
- Machined Components / Precision Technologies (PT) Year
- Machined Components / Precision Technologies (PT) Quarter
- Electronic Devices & Components / Motor, Lighting & Sensing (MLS) Year
- Electronic Devices & Components / Motor, Lighting & Sensing (MLS) Quarter
- MITSUMI Business / Semiconductors & Electronics (SE) Year
- MITSUMI Business / Semiconductors & Electronics (SE) Quarter
- U-Shin Business / Access Solutions (AS) Year
- U-Shin Business / Access Solutions (AS) Quarter
- Profit Attributable to Owners of the Parent / EPS Year
- Profit Attributable to Owners of the Parent / EPS Quarter
- Inventory
- Net Interest-bearing Debt / Free Cash Flow
- Forecast for Fiscal Year Ending March 31, 2024
- Forecast for Business Segment
- Management Policy & Business Strategy
- Summary of Fiscal Year ended 3/23
- Key Points of FY3/24 Forecast
- Long-term Trend of Sales and OP
- Mid-term Business Plan
- Launch pad to Accelerate Natural Growth Securing Mid-term Business Plan (1)
- Launch pad to Accelerate Natural Growth Securing Mid-term Business Plan (2)
- "INTEGRATION Products" to Accelerate Future Growth
- Precision Technologies (PT) Targets
- Growth Potential of Bearing Business
- Motor, Lighting & Sensing (MLS) Targets
- Semiconductors & Electronics (SE) Targets
- Analog Semiconductor Business Update
- Access Solutions (AS) Targets
- E (Environment) Environmental Initiatives
- S (Social) the Opening of Tokyo X Tech Garden
- G (Governance) New Management Structure
- Dividends
- Forward-looking Statements
- Reference
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This slide shows the quarterly trends.
Fourth quarter net sales decreased 2.7% quarter on quarter to total 49.1 billion yen.
Sales of ball bearings decreased 6.0% quarter on quarter to total 35.3 billion yen. The monthly external shipment volume was down 8.2% quarter on quarter for an average of 206 million units. This was due to slowdown in the market, mainly for data centers.
Sales of rod-ends and fasteners, totaling 9.8 billion yen, were up 2.0% over the previous quarter. Sales increased with the recovery of aircraft production.
Sales of pivot assemblies increased 21.5% quarter on quarter to total 4.0 billion yen.
Operating income for the quarter totaled 8.7 billion yen, and the operating margin was 17.7%. On a quarter on quarter basis, operating income decreased 24.9% while the operating margin dropped 5.2 percentage points.
Looking at the results by product, we see that operating income for ball bearings and pivot assemblies decreased quarter on quarter while operating income for rod-ends and fasteners was increased compared with last quarter.
These include the impact of the special factors as noted earlier.
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12page (total 47pages)
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