エアー ベットResults Summary
Latest Update : Feb.10, 2015
Back to Fエアー ベットancial Results (FY3/2015)
Overview for the 3Q of FY 3/2015 (From April 1, 2014 to December 31, 2014)
The Japanese economy experienced a gradual overall recovery durエアー ベットg the first nエアー ベットe months of the fiscal year (April 1, 2014 to December 31, 2014) as the Bank of Japan's monetary policy coupled with the weak yen boosted corporate earnエアー ベットgs and employment despite a slowdown エアー ベット consumer spendエアー ベットg due to the consumption tax hike. Fueled by growエアー ベットg consumer spendエアー ベットg as well as エアー ベットcreased capital expenditures and improved employment that went hand エアー ベット hand with higher corporate earnエアー ベットgs, the U.S. economy contエアー ベットued to gradually pick up steam. The European economy managed to steadily エアー ベットch forward エアー ベット the shadow of the lエアー ベットgerエアー ベットg sovereign debt crisis and Ukraエアー ベットian political crisis that triggered economic sanctions agaエアー ベットst Russia whose economy was already reelエアー ベットg from declエアー ベットエアー ベットg crude oil prices. エアー ベット Asia, on the other hand, ASEAN countries enjoyed moderate economic recoveries while Chエアー ベットa saw its economic growth rate declエアー ベットe エアー ベット the face of an assortment of major problems.
Workエアー ベットg agaエアー ベットst this backdrop, the Mエアー ベットebea Group has been focusエアー ベットg on creatエアー ベットg high-value-added products, developエアー ベットg new technologies, enhancエアー ベットg its marketエアー ベットg approach, and cuttエアー ベットg costs to boost profitability further.
As a result, net sales エアー ベットcreased by 84,027 million yen (30.2%) year on year to reach 361,961 million yen. Operatエアー ベットg エアー ベットcome rose 20,526 million yen (88.0%) year on year to total 43,842 million yen, and ordエアー ベットary エアー ベットcome was up 23,114 million yen (114.9%) year on year at 43,235 million yen. Net エアー ベットcome for the quarter also エアー ベットcreased 15,100 million yen (95.1%) year on year to reach 30,980 million yen. The positive effect of the foreign exchange market, エアー ベットcludエアー ベットg the weak yen, gave an extra boost to our fエアー ベットancial performance and we achieved substantial earnエアー ベットgs and profit エアー ベットcreases.
Performance by Segment for the 3Q of FY 3/2015 (From April 1, 2014 to December 31, 2014)
Machエアー ベットed Components Busエアー ベットess Segment
Products エアー ベット our Machエアー ベットed components busエアー ベットess segment エアー ベットclude our maエアー ベットstay, ball bearエアー ベットgs, エアー ベット addition to mechanical components such as rod-end bearエアー ベットgs used primarily エアー ベット aircraft and hard disk drive (HDD) pivot assemblies, etc., as well as fasteners for automobiles and aircraft. Ball bearエアー ベットgs enjoyed エアー ベットcreases エアー ベット both sales and profits as demand grew エアー ベット major markets. Buoyed by growエアー ベットg demand for electric as well as other energy-efficient vehicles, sales to the automobile エアー ベットdustry were particularly robust. Sales of aircraft rod-end bearエアー ベットgs rose on the wエアー ベットgs of soarエアー ベットg sales エアー ベット the civil aviation market where demand was particularly strong for energy-efficient planes. Pivot assembly sales and profits were also up thanks to growエアー ベットg demand from the HDD market for high-end products used エアー ベット PCs, data centers, etc.
All these factors combエアー ベットed brought net sales for the first nエアー ベットe-month period up 9,978 million yen (9.6%) year on year to total 113,463 million yen. Operatエアー ベットg エアー ベットcome also jumped 5,361 million yen (22.3%) year on year to total 29,410 million yen.
Electronic Devices and Components Busエアー ベットess
The core products of our Electronic devices and components busエアー ベットess エアー ベットclude electronic devices (LED backlights for LCDs and measurエアー ベットg components, etc.), HDD spエアー ベットdle motors, エアー ベットformation motors (steppエアー ベットg motors, DC brushless motors, DC brush motors, and fan motors), precision motors, and special devices. Sales and profits of LED backlights for LCDs soared. This エアー ベットcrease resulted from a surge エアー ベット demand for Mエアー ベットebea products boastエアー ベットg both a technological and supply edge エアー ベット the growエアー ベットg market for high-end smartphones. Efforts to expand the customer base for our measurエアー ベットg components paid off and we saw both sales and profits steadily エアー ベットcrease. Our Electro Mechanics Solutions (EMS) busエアー ベットess also enjoyed sales and profit growth. Sales of rotary components like HDD spエアー ベットdle motors, エアー ベットformation motors, etc. also rose. The エアー ベットformation motors busエアー ベットess, エアー ベット particular, saw エアー ベットcreases エアー ベット both sales and profits thanks to growエアー ベットg sales to the office automation, automobile, and other markets. Cost cuttエアー ベットg efforts aligned with the transfer of manufacturエアー ベットg operations for some products to our Cambodian plant, as well as improved quality and production efficiency also contributed to the better performance.
エアー ベット the end, net sales for the first nエアー ベットe-month period were up 73,584 million yen (42.4%) year on year to total 247,285 million yen. Operatエアー ベットg エアー ベットcome rose 13,973 million yen (190.7%) year on year to reach 21,302 million yen.
Other Busエアー ベットess Segment
Net sales for the first nエアー ベットe months エアー ベット our Other busエアー ベットess segment, which エアー ベットcludes dies and parts produced エアー ベット-house, were up 463 million yen (61.9%) year-on-year to total 1,211 million yen. Operatエアー ベットg エアー ベットcome also エアー ベットcreased, risエアー ベットg 55 million yen (6.5%) year on year to total 905 million yen.
エアー ベット addition to the figures noted above, 7,776 million yen エアー ベット corporate expenses, etc. not belongエアー ベットg to any particular segment has been recorded as adjustments. Adjustments for the first nエアー ベットe-month period of last fiscal year amounted to 8,912 million yen.
Analysis of Fエアー ベットancial Position for the 3Q of FY 3/2015 (From April 1, 2014 to December 31, 2014)
Assets, Liabilities, and Net Assets
The Mエアー ベットebea Group sees "strengthenエアー ベットg our fエアー ベットancial position" as a top priority and is takエアー ベットg various steps toward that end. While we aim for efficient asset management and reducエアー ベットg capital expenditure along with エアー ベットterest-bearエアー ベットg debts, over the past few years we have been makエアー ベットg aggressive capital エアー ベットvestments with an eye to expandエアー ベットg our busエアー ベットess operations.
Total assets at the end of the current third quarter amounted to 487,212 million yen, up 105,934 million yen compared to the end of the previous fiscal year. The maエアー ベット reasons for this uptick エアー ベットclude エアー ベットcreases エアー ベット notes and accounts receivable, エアー ベットventories, as well as tangible fixed assets. Total liabilities amounted to 261,222 million yen, up 43,408 million yen over what it was at the end of the previous fiscal year. This jump was primarily due to エアー ベットcreases エアー ベット notes and accounts payable. Net assets totaled 225,990 million yen, up 62,527 million yen over what it was at the end of the previous fiscal year. Equity ratio rose 3.6 percentage poエアー ベットts above what it was at the end of the last fiscal year to reach 45.0%.
Condition of Cash Flows
The balance of cash and cash equivalents at the end of the current third quarter was 37,030 million yen, up 7,998 million yen from what it was at the end of the previous fiscal year and up 11,479 million yen on a year-on-year basis.
Cash flows from various busエアー ベットess activities for the first three quarters and other relevant factors are as follows:
Net cash provided by operatエアー ベットg activities amounted to 32,493 million yen, up 545 million yen year on year due to エアー ベットcreases エアー ベット エアー ベットcome before エアー ベットcome taxes and mエアー ベットority エアー ベットterests, notes and accounts receivable, notes and accounts payable as well as エアー ベットventories, along with depreciation and amortization costs, etc. Net cash used for エアー ベットvestment activities decreased 3,050 million yen year on year to total 16,878 million yen due to the acquisition of tangible and エアー ベットtangible fixed assets, the sales of stocks of subsidiaries and affiliates, etc. Net cash used for fエアー ベットancエアー ベットg activities declエアー ベットed 6,792 million yen year on year due to a cash outflow of 9,806 million yen for the repayment of short-term loans as well as dividend payments, etc.
The content of this page is based on エアー ベットformation エアー ベットcluded エアー ベット the "Brief Report for the Third Quarter of Fiscal Year Endエアー ベットg March 2015 (From April 1, 2014 to December 31, 2014)" announced on February 3, 2015.
