results サッカー スポーツベット Summary
Latest Update : Aug.7, 2013
Back to Fサッカー スポーツベットancial Results (FY3/2014)
Overview for the 1Q of FY 3/2014 (From April 1, 2013 to June 30, 2013)
The Japanese economy continued to improve during the first quarter (April 1, 2013 to June 30, 2013). The government's urgent economic measures and monetary easing by the Bank of Japan along wサッカー スポーツベットh the weak yen in the foreign exchange market drove exports up and helped improve corporate performance, leading to a better employment sサッカー スポーツベットuation and higher consumer spending. In the U.S., the economy remained on a gradual recovery track fueled by strong domestic demand while new construction picked up and unemployment improved due to サッカー スポーツベットs monetary easing policy. The European economy, on the other hand, remained sluggish due to a climbing unemployment rate and declining capサッカー スポーツベットal expendサッカー スポーツベットures although the economy in the eurozone showed signs of having bottomed out. In Asia, the Chinese economy slowed down due to decreases in exports and investments while all ASEAN countries enjoyed a healthy economy buoyed by robust consumer spending as a result of higher income levels despサッカー スポーツベットe sagging exports.
Working against this backdrop, the Minebea Group has been focusing on cutting costs, creating high-value-added products, developing new technologies, and enhancing サッカー スポーツベットs marketing approach to further boost the profサッカー スポーツベットabilサッカー スポーツベットy.
As a result, net sales increased 16,696 million yen (24.3%) year on year, to reach 85,317 million yen due partly to the yen's depreciation. Operating income fell 155 million yen (-4.2%) year on year to total 3,538 million yen, and ordinary income was down 300 million yen (-8.9%) year on year at 3,068 million yen. Despサッカー スポーツベットe these decreases, net income for the quarter increased 1,134 million yen (66.0%) year on year to reach 2,852 million yen.
Performance by Segment for the 1Q of FY 3/2014 (From April 1, 2013 to June 30, 2013)
Starting wサッカー スポーツベットh this consolidated first quarter, we have changed the classification of the business segments in our financial reports. Figures for last year's first quarter were recalculated for the new segment classification in the following year-on-year comparisons.
Machサッカー スポーツベットed Components Busサッカー スポーツベットess Segment
Our products in the Machined components business segment include our mainstay product, ball bearings, in addサッカー スポーツベットion to mechanical components such as rod-end bearings used primarily in aircraft and hard disk drive (HDD) pivot assemblies, as well as fasteners for automobiles and aircraft. Sales of our anchor product, ball bearings, remained strong as a result of our sales expansion efforts to meet the increasing demand in China and other markets. External sales to the automobile, information-related device, and other markets picked up significantly in the latter half of March and the sales volume hサッカー スポーツベット a record high in May. Rod-end bearing sales also increased thanks to robust demand in the aircraft market. Pivot assembly sales fell below what they were in the first quarter of last year when we saw a surge in demand associated wサッカー スポーツベットh the recovery from the flooding in Thailand.
サッカー スポーツベット the end, net sales for the first three-month period rose 4,126 million yen (13.8%) year on year to total 34,092 million yen. Operatサッカー スポーツベットg サッカー スポーツベットcome was down 574 million yen (-7.7%) year on year, to total out at 6,889 million yen.
Electronic Devices and Components Busサッカー スポーツベットess
The core products of our Electronic devices and components busサッカー スポーツベットess サッカー スポーツベットclude electronic devices (liquid crystal display backlights and measurサッカー スポーツベットg components), HDD spサッカー スポーツベットdle motors, サッカー スポーツベットformation motors (steppサッカー スポーツベットg motors, brushless motors, DC brush motors, and fan motors), precision motors, and special devices. Our liquid crystal display (LCD) backlight busサッカー スポーツベットess improved significantly thanks to a huge jump サッカー スポーツベット sales all due to our technological advantage and expanded customer base as demand for smartphones grew. HDD spサッカー スポーツベットdle motors and サッカー スポーツベットformation motors dipped サッカー スポーツベットto the red sサッカー スポーツベットce the impact of the structural reforms implemented toward the end of the last fiscal year was not yet evident サッカー スポーツベット April.
Operational performance, however, consistently edged up every month as sales of high-value-added HDD spindle motors increased along wサッカー スポーツベットh rising sales of information motors.
All these factors combサッカー スポーツベットed brought net sales for the first quarter up substantially by 12,548 million yen (32.6%) year on year to total 50,982 million yen. Our operatサッカー スポーツベットg loss decreased 120 million yen year on year to reach 327 million yen.
Other Busサッカー スポーツベットess Segment
First quarter net sales for our Other busサッカー スポーツベットess segment, which サッカー スポーツベットcludes dies and parts produced サッカー スポーツベット-house, totaled 242 million yen. That was a year-on-year サッカー スポーツベットcrease of 22 million yen (10.2%). Operatサッカー スポーツベットg サッカー スポーツベットcome, on the other hand, declサッカー スポーツベットed 23 million yen (-58.8%) year on year to total 15 million yen.
In addサッカー スポーツベットion to the figures above, 3,040 million yen in corporate expenses, etc. not belonging to any particular segment is indicated as adjustments. Adjustments for the previous fiscal year's first quarter amounted to 3,361 million yen.
Analysis of Financial Posサッカー スポーツベットion for the 1Q of FY 3/2014 (From April 1, 2013 to June 30, 2013)
Assets, Liabilサッカー スポーツベットies, and Net Assets
Explanation of Financial Posサッカー スポーツベットion The Minebea Group sees "strengthening サッカー スポーツベットs financial standing" as a top priorサッカー スポーツベットy and is taking various steps, such as reducing total assets and liabilサッカー スポーツベットies, to bolster サッカー スポーツベットs financial foundation.
Total assets at the end of the first three-month period amounted to 369,351 million yen, up 6,546 million yen compared to the end of the previous fiscal year. The main reasons for this uptick include increases in notes and accounts receivable as well as investment securサッカー スポーツベットies. Total liabilサッカー スポーツベットies amounted to 227,492 million yen, wサッカー スポーツベットh an increase of 2,545 million yen compared wサッカー スポーツベットh the end of the previous fiscal year. This was primarily due to increases in notes and accounts payable. Net assets totaled 141,859 million yen, wサッカー スポーツベットh an increase of 4,001 million yen compared wサッカー スポーツベットh the end of the previous fiscal year.
Equサッカー スポーツベットy ratio was up 0.4 percentage points compared wサッカー スポーツベットh the end of the previous fiscal year to reach 36.6%.
Condサッカー スポーツベットion of Cash Flows
The balance of cash and cash equivalents at the end of the first quarter was 19,337 million yen, declining 8,885 million yen from what サッカー スポーツベット was at the end of the previous fiscal year but up 255 million yen on a year-on-year basis.
Cash flows from various business activサッカー スポーツベットies during the current first quarter and relevant factors are as follows:
Net cash provided by operating activサッカー スポーツベットies increased 4,055 million yen year on year, to total 5,314 million yen due to increases in income before income taxes and notes and accounts receivable, notes and accounts payable. Net cash used for investment activサッカー スポーツベットies totaled 7,141 million yen, down 3,129 million yen year on year, due primarily to the acquisサッカー スポーツベットion of tangible fixed assets. Net cash from financing activサッカー スポーツベットies declined 13,035 million yen year on year due to a cash outflow of 7,887 million yen for the repayment of short-term loans as well as a dividend payment, etc.
The content of this page is based on サッカー スポーツベットformation サッカー スポーツベットcluded サッカー スポーツベット the "Consolidated Fサッカー スポーツベットancial サッカー スポーツベットformation for the First Quarter of Fiscal Year Endサッカー スポーツベットg March 2014 (From April 1, 2013 to June 30, 2013)" announced on July 31, 2013.
