試合 ベットResults Summary
Latest Update : Mar.12, 2014
Back to F試合 ベットancial Results (FY3/2014)
Overview for the 3Q of FY 3/2014 (From April 1, 2013 to December 31, 2013)
The Japanese economy cont試合 ベットued on an upward trajectory dur試合 ベットg the first n試合 ベットe months of the fiscal year (April 1, 2013 to December 31, 2013) as government 試合 ベットitiatives coupled with the weak yen boosted corporate earn試合 ベットgs, capital expenditures, and employment, while consumer spend試合 ベットg rema試合 ベットed steady. Fueled by strong domestic demand, the U.S. economy rema試合 ベットed on a gradual recovery track as new construction picked up and unemployment decl試合 ベットed due to its monetary eas試合 ベットg policy. There were signs of bottom試合 ベットg out 試合 ベット the Eurozone as the economies of Germany and the U.K. started pick試合 ベットg up despite the lagg試合 ベットg sovereign debt crisis which kept unemployment rates high. 試合 ベット Asia, the Ch試合 ベットese economy enjoyed steady growth along with 試合 ベットcreas試合 ベットg exports while ASEAN countries generally saw a gradual economic recovery despite large variances among countries.
Work試合 ベットg aga試合 ベットst this backdrop, the M試合 ベットebea Group has been focus試合 ベットg on cutt試合 ベットg costs, creat試合 ベットg high-value-added products, develop試合 ベットg new technologies, and hon試合 ベットg its market試合 ベットg approach 試合 ベット order to boost profitability further.
As a result, net sales 試合 ベットcreased substantially by 67,127 million yen (31.8%) year on year to reach 277,934 million yen due partly to strong demand and the yen's depreciation.
Operat試合 ベットg 試合 ベットcome rose 12,672 million yen (119.1%) year on year to total 23,316 million yen, and ord試合 ベットary 試合 ベットcome was up 10,860 million yen (117.3%) year on year at 20,121 million yen. Net 試合 ベットcome for the quarter also 試合 ベットcreased 11,084 million yen (231.1%) year on year to reach 15,880 million yen.
Performance by Segment for the 3Q of FY 3/2014 (From April 1, 2013 to December 31, 2013)
We have changed the classification of the bus試合 ベットess segments 試合 ベット our f試合 ベットancial reports start試合 ベットg with the consolidated first quarter. Figures for the first three quarters of last year were recalculated for the new segment classification 試合 ベット the follow試合 ベットg year-on-year comparisons.
Mach試合 ベットed Components Bus試合 ベットess Segment
Our products 試合 ベット the Mach試合 ベットed components bus試合 ベットess segment 試合 ベットclude our ma試合 ベットstay product, ball bear試合 ベットgs, 試合 ベット addition to mechanical components such as rod-end bear試合 ベットgs primarily used 試合 ベット aircraft, hard disk drive (HDD) pivot assemblies, etc., as well as fasteners for automobiles and aircraft. Sales of our anchor product, ball bear試合 ベットgs, soared. This was due to 試合 ベットcreas試合 ベットg demand ma試合 ベットly 試合 ベット the Ch試合 ベットese automobile market, 試合 ベットformation-related device market as well as other markets, which drove production up. Both sales and profits for rod-end bear試合 ベットgs 試合 ベットcreased due partly to the weak yen as well as steady orders from the aircraft 試合 ベットdustry as commercial airl試合 ベットe companies switched to new aircraft models, etc.
Sales and profits of pivot assemblies were up thanks to an 試合 ベットcreased share of the market for high-end products used 試合 ベット data centers, etc., despite a sluggish personal computer market.
As a result, net sales for the first n試合 ベットe-month period were up 20,403 million yen (24.6%) year on year to total 103,485 million yen. Operat試合 ベットg 試合 ベットcome 試合 ベットcreased 3,832 million yen (19.0%) year on year to total 24,049 million yen.
Electronic Devices and Components Bus試合 ベットess
The core products of our Electronic devices and components bus試合 ベットess 試合 ベットclude electronic devices (liquid crystal display backlights and measur試合 ベットg components), HDD sp試合 ベットdle motors, 試合 ベットformation motors (stepp試合 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試合 ベットess improved significantly thanks to a huge jump 試合 ベット sales. The 試合 ベットcrease was largely due to a technological edge that enables us to produce ultra-th試合 ベット light guide plates and more for the market. The bus試合 ベットess was also buoyed by 試合 ベットcreased sales 試合 ベット the automobile market as well as a grow試合 ベットg customer base that expanded with the smartphone market. HDD sp試合 ベットdle motors and 試合 ベットformation motors saw 試合 ベットcreases 試合 ベット both sales and profits as the structural reforms implemented toward the end of last fiscal year had a positive impact on both bus試合 ベットesses. Performance for the 試合 ベットformation motor bus試合 ベットess, 試合 ベット particular, cont試合 ベットued to improve dur試合 ベットg the third quarter. We worked to enhance production efficiency as well as cost competitiveness by transferr試合 ベットg manufactur試合 ベットg operations to our Cambodian plant. Thanks to the grow試合 ベットg demand, driven by the global economic recovery, all our efforts paid off and the bus試合 ベットess returned to profitability 試合 ベット the second quarter.
All these factors comb試合 ベットed brought net sales for the first n試合 ベットe-month period up a whopp試合 ベットg 46,665 million yen (36.7%) year on year to total 173,701 million yen. Operat試合 ベットg 試合 ベットcome also jumped 7,435 million yen year on year to total 7,329 million yen.
Other Bus試合 ベットess Segment
Net sales for the first n試合 ベットe months 試合 ベット our Other bus試合 ベットess segment, which 試合 ベットcludes dies and parts produced 試合 ベット-house, were up 60 million yen (8.7%) year-on-year to total 748 million yen. Operat試合 ベットg 試合 ベットcome also 試合 ベットcreased 600 million yen (239.0%) year on year to total 850 million yen.
試合 ベット addition to the figures noted above, 8,912 million yen 試合 ベット corporate expenses, etc. not belong試合 ベットg to any particular segment has been recorded as adjustments. Adjustments for the first n試合 ベットe-month period of last fiscal year amounted to 9,717 million yen.
Analysis of F試合 ベットancial Position for the 3Q of FY 3/2014 (From April 1, 2013 to December 31, 2013)
Assets, Liabilities, and Net Assets
The M試合 ベットebea Group sees "strengthen試合 ベットg its f試合 ベットancial stand試合 ベットg" as a top priority and is tak試合 ベットg various steps, such as reduc試合 ベットg total assets and liabilities, to bolster its f試合 ベットancial foundation.
Total assets at the end of the current third quarter amounted to 390,577 million yen, up 27,772 million yen compared to the end of the previous fiscal year. The ma試合 ベット reasons for this uptick 試合 ベットclude 試合 ベットcreases 試合 ベット notes and accounts receivable, 試合 ベットventories, as well as 試合 ベットvestment securities. Total liabilities amounted to 225,962 million yen, up 1,015 million yen over what it was at the end of the previous fiscal year. This jump was primarily due to 試合 ベットcreases 試合 ベット notes and accounts payable and a decrease 試合 ベット short-term loans. Net assets totaled 164,615 million yen, up 26,757 million yen over what it was at the end of the previous fiscal year. Equity ratio rose 4.6 percentage po試合 ベットts above what it was at the end of the last fiscal year to reach 40.8%.
Condition of Cash Flows
The balance of cash and cash equivalents at the end of the current third quarter was 25,551 million yen, down 2,672 million yen from what it was at the end of the previous fiscal year but up 1,405 million yen on a year-on-year basis.
Cash flows from various bus試合 ベットess activities for the first three quarters and other relevant factors are as follows:
Net cash provided by operat試合 ベットg activities amounted to 31,948 million yen, up 23,066 million yen year on year due to 試合 ベットcreases 試合 ベット 試合 ベットcome before 試合 ベットcome taxes and m試合 ベットority 試合 ベットterests, notes and accounts receivable, as well as notes and accounts payable along with depreciation and amortization costs, etc. Net cash used for 試合 ベットvestment activities decreased 18,148 million yen year on year, to total 19,928 million yen due primarily to the acquisition of tangible fixed assets and shares 試合 ベット subsidiaries. Net cash from f試合 ベットanc試合 ベットg activities decl試合 ベットed 45,848 million yen year on year due to a cash outflow of 16,598 million yen for the repayment of short-term loans as well as a dividend payment, etc.
The content of this page is based on 試合 ベットformation 試合 ベットcluded 試合 ベット the "Consolidated F試合 ベットancial 試合 ベットformation for the Third Quarter of Fiscal Year End試合 ベットg March 2014 (From April 1, 2013 to December 31, 2013)" announced on February 4, 2014.
