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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Now let's look at the electronic devices & components segment, renamed Motor, Lighting & Sensing segment.
In the fiscal year ended March 31, 2023, net sales were down 1.3% year on year to total 366.3 billion yen. Looking at the results by product, we see that sales of motors increased 2.2% year on year to reach 272.9 billion yen. This was due to steady sales of motors, mainly for automobile applications, other than HDD motors whose sales have slowed down.
Electronic devices sales were down 19.7% year on year to 51.6billion.
Net sales of sensing devices totaled 37.5 billion yen, increasing 5.9% year on year.
Operating income was 0.9 billion yen with the operating margin of 0.3%. Compared to the previous fiscal year, operation income decreased 95.7% and the operating margin decline 5.5 percentage points. Looking at the results by product, we see that operating income for motors, electronic devices, and sensing devices all fell.
If the impact of special factors, such as FX forward contracts and other structural reform costs, were excluded, operating income for the fiscal year ended March 31, 2023 would be down 45.3% year on year, and the operating margin would be down 2.6 percentage points year on year.
Both net sales and operating income will increase for the fiscal year ending March 31, 2024 as we expect to see a gradual recovery in demand for automotive motors as well as a rebound in demand for HDD motors in the second fiscal half.
Net sales of electronic devices are expected to remain basically flat while operating income will decline slightly.
Both net sales and operating income for sensing devices are projected to remain mostly unchanged.
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13page (total 47pages)
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