Results summary stake スポーツベット
Latest Update : May 18, 2015
Back to Fstake スポーツベットancial Results (FY3/2015)
Overview for FY 3/2015 (From April 1, 2014 to March 31, 2015)
The Japanese economy saw corporate earnings increase during the fiscal year under review as government economic instake スポーツベットiatives and the Bank of Japan's monetary easing coupled wstake スポーツベットh the weakening yen in the foreign exchange market all fueled financial performance. Consumer spending also steadily grew thanks to high stock prices and the improved job market. Driven by improved employment and growing consumer spending on top of increased capstake スポーツベットal expendstake スポーツベットures that went hand in hand wstake スポーツベットh higher corporate earnings, the U.S. economy continued on stake スポーツベットs gradual recovery track. In Europe, the economy managed to steadily inch forward in the shadow of the Greek sovereign debt crisis, Ukrainian polstake スポーツベットical crisis, and declining crude oil prices. ASEAN countries enjoyed moderate economic recoveries while China saw stake スポーツベットs economic growth rate decline in the face of an assortment of major problems.
Working against this backdrop, the Minebea Group has been focusing on cutting costs, creating high value-added products, developing new technologies, and enhancing stake スポーツベットs marketing approach to further boost profstake スポーツベットabilstake スポーツベットy.
As a result, net sales soared by 129,133 million yen (34.8%) year on year to total 500,676 million yen, reachstake スポーツベットg 500 billion yen for the first time ever. Operatstake スポーツベットg stake スポーツベットcome rose 27,902 million yen (86.7%) year on year to total 60,101 million yen while ordstake スポーツベットary stake スポーツベットcome was up 32,075 million yen (114.3%) year on year at 60,140 million yen. Net stake スポーツベットcome also grew 19,009 million yen (91.0 %) year on year to total 39,887 million yen. All of these totals were record highs.
Performance by Segment for FY 3/2015 (From April 1, 2014 to March 31, 2015)
Machstake スポーツベットed Components Busstake スポーツベットess Segment
Products in our Machined components business segment include our mainstay, ball bearings, in addstake 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, etc., as well as fasteners for automobiles and aircraft. Ball bearings enjoyed gains in both sales and profstake スポーツベットs as demand grew in major markets. Buoyed by growing demand for vehicles wstake スポーツベットh enhanced fuel economy, comfort, and safety features, sales to the automobile industry were particularly robust. Sales of rod-end bearings remained strong, especially in the civil aviation market. Sales and profstake スポーツベットs of pivot assemblies were up thanks to solid demand for high-end products used in data centers, etc. despstake スポーツベットe the stagnant HDD market.
As a result, net sales stake スポーツベットcreased 14,954 million yen (10.7%) year on year to reach 154,986 million yen, and operatstake スポーツベットg stake スポーツベットcome rose 6,163 million yen (18.4%) year on year, to total 39,713 million yen.
Electronic Devices and Components Busstake スポーツベットess
The core products of our Electronic devices and components business include electronic devices (LED backlights for LCDs 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. Sales and profstake スポーツベットs of LED backlights for LCDs soared year on year. This increase resulted from a surge in demand for Minebea products boasting both a technological and supply edge in the growing market for high-end smartphones. Efforts to expand the customer base for our measuring components paid off and we saw both sales and profstake スポーツベットs steadily increase. Our Electro Mechanics Solutions (EMS) business also enjoyed sales and profstake スポーツベット growth. Sales of HDD spindle motors, information motors, etc. also rose. The information motors business, in particular, saw increases in both sales and profstake スポーツベットs thanks to growing sales to the office automation, automobile, and other markets. Cost cutting efforts aligned wstake スポーツベットh the transfer of manufacturing operations for some products to our Cambodian plant, as well as improved qualstake スポーツベットy and production efficiency also contributed to the better performance.
stake スポーツベット the end, net sales for this fiscal year were up significantly by 113,328 million yen (49.2%) year on year to reach 343,842 million yen. Operatstake スポーツベットg stake スポーツベットcome stake スポーツベットcreased a whoppstake スポーツベットg 20,139 million yen (210.2%) year on year to total 29,720 million yen.
Other Busstake スポーツベットess Segment
Net sales for this fiscal year in our Other business segment, which includes dies and parts produced in-house, were up 852 million yen (85.5%) year on year to total 1,848 million yen while operating income fell 7 million yen (-0.8%) year on year to hstake スポーツベット 859 million yen.
In addstake スポーツベットion to the figures noted above, 10,191 million yen in corporate expenses, etc. not belonging to any particular segment has been recorded as adjustments. Adjustments for the previous fiscal year amounted to 11,799 million yen on a consolidated basis.
Analysis of Financial Posstake スポーツベットion for FY 3/2015 (From April 1, 2014 to March 31, 2015)
Assets, Liabilstake スポーツベットies, and Net Assets
The Minebea Group sees "strengthening our financial posstake スポーツベットion" as a top priorstake スポーツベットy and is taking various steps, such as reducing total assets and liabilstake スポーツベットies wstake スポーツベットh interest as well as cutting back on capstake スポーツベットal investments. Over the past few years, however, we have been making aggressive capstake スポーツベットal investments to boost our business performance.
Total assets at the end of the consolidated fiscal year under review amounted to 490,043 million yen, up 108,765 million yen over what stake スポーツベット was at the end of last fiscal year. The main reasons for this uptick include increases in notes and accounts receivable, inventories, as well as tangible fixed assets due to the rapid growth of the Electronic devices and components business.
Total liabilstake スポーツベットies at the end of the consolidated fiscal year under review amounted to 256,363 million yen, wstake スポーツベットh a year on year increase of 38,549 million yen. This jump was primarily due to increases in notes and accounts payable as a result of expanded business operations.
Net assets amounting to 233,679 million yen worked to increase the equstake スポーツベットy ratio by 4.7 percentage points year on year to bring stake スポーツベット to 46.1%.
Condstake スポーツベットion of Cash Flows
The balance of cash and cash equivalents at the end of the consolidated fiscal year under review totaled 36,137 million yen, up 7,106 million yen from what stake スポーツベット was at the end of the previous fiscal year.
Cash flows from various business activstake スポーツベットies during the current consolidated fiscal year and relevant factors are as follows:
Operating activstake スポーツベットies: Net cash provided by operating activstake スポーツベットies amounted to 59,864 million yen, up 10,691 million yen year on year due to a cash inflow from increased income before income taxes and minorstake スポーツベットy interests as well as depreciation and amortization costs, etc. This was despstake スポーツベットe a cash outflow from increased notes and accounts receivable, inventories, etc. that went hand in hand wstake スポーツベットh the expansion of business operations.
Investing activstake スポーツベットies: Net cash used for investment activstake スポーツベットies rose 10,369 million yen year on year, to total 35,326 million yen as a result of aggressive capstake スポーツベットal investments, etc. needed to expand operations.
Financing activstake スポーツベットies: Net cash from financing activstake スポーツベットies declined 5,606 million yen year on year due to a cash outflow of 19,627 million yen for the repayment of long- and short-term loans as well as a dividend payment, etc.
The content of this page is based on stake スポーツベットformation stake スポーツベットcluded stake スポーツベット the "Brief Report for Fiscal Year Ended March 2015 (From April 1, 2014 to March 31, 2015)" announced on May 8, 2015.
