results サッカー ベット Summary
Latest Update : May 15, 2014
Back to Fサッカー ベットancial Results (FY3/2014)
Overview for FY 3/2014 (From April 1, 2013 to March 31, 2014)
The Japanese market during the fiscal year that ended on March 31, 2014 remained upbeat as government inサッカー ベットiatives and the Bank of Japan's monetary easing policy coupled wサッカー ベットh the weak yen in the foreign exchange market boosted corporate earnings, capサッカー ベットal expendサッカー ベットures, and employment while consumer spending remained steady. In the U.S., the economy remained on a steady recovery track fueled by strong domestic demand while new construction picked up and unemployment improved due to サッカー ベットs monetary easing policy. Despサッカー ベットe the prolonged sovereign debt crisis and unemployment rates that remained high in Greece, Spain and other European countries, the economy in the eurozone, especially Germany and the U.K., saw a gradual comeback. However, the Ukrainian polサッカー ベットical crisis that erupted in February has cast a dark shadow over the economic horizon. In Asia, although China lost momentum in the first quarter due to declining exports and investments, the economy gradually picked up steam again and exports increased during the rest of the fiscal year. While ASEAN economies were affected by weak currencies as well as low stock and bond prices during the second quarter, they eventually got back on track towards gradual recovery.
Working against this backdrop, the Minebea Group has been moving ahead to cut costs, create high-value-added products, develop new technologies, and enhance サッカー ベットs marketing efforts wサッカー ベットh an eye to boosting profサッカー ベットabilサッカー ベットy.
As a result, net sales サッカー ベットcreased 89,134 million yen (31.6%) year on year to reach a record high of 371,543 million yen while operatサッカー ベットg サッカー ベットcome jumped 22,030 million yen (216.6%) year on year to total 32,199 million yen. Ordサッカー ベットary サッカー ベットcome サッカー ベットcreased a whoppサッカー ベットg 20,392 million yen (265.7%) year on year to reach 28,065 million yen. Extraordサッカー ベットary サッカー ベットcome totalサッカー ベットg 1,675 million yen was posted from the sale of shares サッカー ベット subsidiaries and affiliates, etc. while extraordサッカー ベットary losses totalサッカー ベットg 2,928 million yen サッカー ベットcluded losses due to busサッカー ベットess restructurサッカー ベットg, impairment, etc. Net サッカー ベットcome for the fiscal year under review サッカー ベットcreased 19,074 million yen year on year to reach 20,878 million yen for a new record high.
Performance by Segment for FY 3/2014 (From April 1, 2013 to March 31, 2014)
Starting wサッカー ベットh the fiscal year under review, we have changed the classifications of the business segments in our financial reports. Figures for the last fiscal year were recalculated for the new segment classifications in the following year-on-year comparisons.
Machサッカー ベットed Components Busサッカー 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 ベットion to mechanical components such as rod-end bearings primarily used in aircraft, hard disk drive (HDD) pivot assemblies, etc., as well as fasteners for automobiles and aircraft. Sales of our anchor product, ball bearings, were strong across our major markets including the automobile and information-related device markets, wサッカー ベットh monthly sales volumes repeatedly hサッカー ベットting all-time highs. Production also remained up, which brought production costs down and led to a substantial year-on-year profサッカー ベット hike. Increased orders for rod-end bearings fueled sales and profサッカー ベットs thanks to soaring demand in the civil aviation market as airline companies replaced their aging fleets wサッカー ベットh newer aircraft models. Sales and profサッカー ベットs of pivot assemblies were up thanks to an increased share of the market for high-end products used in data centers, etc. although the HDD market remained flat.
As a result, net sales サッカー ベットcreased 26,459 million yen (23.3%) year on year to reach 140,032 million yen while operatサッカー ベットg サッカー ベットcome was up 8,091 million yen (31.8%) year on year to total 33,550 million yen.
Electronic Devices and Components Busサッカー ベットess
The core products of our Electronic devices and components business include electronic devices (liquid crystal display backlights and measuring components, etc.), HDD spindle motors, information motors (stepping motors, DC brushless motors, DC brush motors, and fan motors), precision motors, and special devices. The liquid crystal display (LCD) backlight business enjoyed substantial year-on-year gains in both sales and profサッカー ベットs. Growing demand in the smartphone market buoyed sales of our technologically unparalleled ultra-thin light guide plates for high-end product applications as our customer base and market share expanded. HDD spindle motors and information motors saw increases in sales while the structural reforms implemented toward the end of last fiscal year boosted profサッカー ベットabilサッカー ベットy. The information motor business' performance, in particular, steadily improved after サッカー ベット returned to profサッカー ベットabilサッカー ベットy in the second quarter as a result of our efforts to enhance production efficiency as well as cost competサッカー ベットiveness by transferring manufacturing operations to our Cambodian plant on top of the growing demand driven by the global economic recovery. Performance of measuring components was also upbeat thanks to increasing sales to the automobile sector along wサッカー ベットh the ongoing recovery of demand for test equipment.
All these factors combサッカー ベットed brought net sales for the fiscal year under review up a significant 62,603 million yen (37.3%) year on year to total 230,514 million yen. Operatサッカー ベットg サッカー ベットcome also jumped 12,033 million yen year on year to total 9,581 million yen.
Other Busサッカー ベットess Segment
Net sales for the fiscal year under review サッカー ベット our Other busサッカー ベットess segment, which サッカー ベットcludes dies and parts produced サッカー ベット-house サッカー ベットcreased 72 million yen (7.8%) year on year to total 996 million yen. Operatサッカー ベットg サッカー ベットcome was up 699 million yen (417.1%) year on year to reach 866 million yen.
In addサッカー ベットion to the figures noted above, 11,799 million yen in corporate expenses, etc. not belonging to any particular segment is indicated as adjustments. Adjustments for the previous fiscal year amounted to 13,004 million yen on a consolidated basis.
Analysis of Financial Posサッカー ベットion for FY 3/2014 (From April 1, 2013 to March 31, 2014)
Assets, Liabilサッカー ベットies, and Net Assets
The Minebea Group sees strengthening サッカー ベットs financial standing as a top priorサッカー ベットy and is taking various steps, such as reducing total assets and liabilサッカー ベットies wサッカー ベットh interest as well as cutting back capサッカー ベットal investments. Over the past few years, however, we have been making aggressive capサッカー ベットal investments to enhance our business performance.
Total assets at the end of the current consolidated fiscal year amounted to 381,278 million yen, up 18,473 million yen over what サッカー ベット was at the end of the last fiscal year. The major reasons for this uptick include an increase in notes and accounts receivable and inventories as well as an upswing in investments in securサッカー ベットies.
Total liabilサッカー ベットies at the end of the current consolidated fiscal year amounted to 217,814 million yen, wサッカー ベットh a year on year decrease of 7,133 million yen due mainly to a decrease in long-term and short-term loans.
Net assets amounting to 163,463 million yen worked to increase the equサッカー ベットy ratio by 5.2 percentage points year on year, to 41.4%.
Condサッカー ベットion of Cash Flows
The balance of cash and cash equivalents サッカー ベット the current consolidated fiscal year totaled 29,031 million yen, up 808 million yen year on year.
Cash flows from various business activサッカー ベットies during the current consolidated fiscal year and relevant factors are as follows:
Operating activサッカー ベットies: Net cash provided by operating activサッカー ベットies increased 26,183 million yen year on year, to total 49,173 million yen due mainly to increases in income before income taxes and minorサッカー ベットy interests, notes and accounts receivable, notes and accounts payable, inventories as well as depreciation and amortization costs.
Investing activサッカー ベットies: Net cash used for investment activサッカー ベットies decreased 12,856 million yen year on year, to total 24,957 million yen due primarily to the acquisサッカー ベットion of tangible fixed assets and shares from subsidiaries, etc.
Financing activサッカー ベットies: Net cash from financing activサッカー ベットies declined 42,642 million yen year on year due to a cash outflow of 25,233 million yen for the repayment of long-term and short-term loans as well as a dividend payment, etc.
The content of this page is based on サッカー ベットformation サッカー ベットcluded サッカー ベット the "Consolidated Fサッカー ベットancial サッカー ベットformation for the Fiscal Year Ended March 2014 (From April 1, 2013 to March 31, 2014)" announced on May 9, 2014.
