Results summary ベット 賭ける
Latest Update : Aug.11, 2015
Back to Financial Results (FY3/2016)
Overview for the 1Q of FY 3/2016 (From April 1, 2015 to June 30, 2015)
The global economy overall continued to bounce back during the first quarter under review (April 1, 2015 to June 30, 2015). The U.S. saw employment conditions improve while consumer spending remained upbeat despite the appreciation of the U.S. dollar and low crude oil prices which put a damper on some industries and local econoベット 賭けるes. Despite a rising tide of exports that were buoyed by the weak euro, the econoベット 賭けるc recovery in Europe remained modest due in part to concerns over the Ukrainian political crisis and Greek sovereign debt crisis. The growth of many Asian econoベット 賭けるes, like China, slowed down while robust corporate earnings kept the Japanese economy on track to gradual recovery despite a temporary lag in exports, production, and consumer spending.
Working against this backdrop, the ベット 賭けるnebea Group has been focusing on cutting costs, creating high-value-added products, developing new technologies, and honing its marketing approach in order to boost profitability further.
As a result, net sales increased by 27,860 ベット 賭けるllion yen (28.0%) year on year to reach 127,391 ベット 賭けるllion yen. Operating income rose 1,988 ベット 賭けるllion yen (18.9%) year on year to total 12,512 ベット 賭けるllion yen, and ordinary income was up 2,399 ベット 賭けるllion yen (22.9%) year on year at 12,872 ベット 賭けるllion yen. Net income attributable to owners of the parent also increased 3,227 ベット 賭けるllion yen (47.2%) year on year to reach 10,058 ベット 賭けるllion yen.
Performance by Segment for the 1Q of FY 3/2016 (From April 1, 2015 to June 30, 2015)
Commencing with this current first quarter consolidated accounting period, ベット 賭けるnebea has made some organizational changes, including incorporating its in-house manufacturing division into the Electronic devices and components manufacturing headquarters. Due to these changes, the segment information has also been changed.
Segment informatiベット 賭ける for last fiscal year's first quarter is disclosed using the new classificatiベット 賭ける for reportable business segments implemented subsequent to the structural reorganizatiベット 賭ける.
Machined Compベット 賭けるents Business Segment
Products in our Machined compベット 賭けるents business segment include our mainstay ball bearings, in additiベット 賭ける to mechanical compベット 賭けるents, 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. Growing demand fueled sales of ball bearings, our anchor product line, in every market. Sales were particularly robust in the automobile market where demand for energy-efficient models equipped with safety devices soared. Sales of rod-end bearings used in aircraft were also upbeat. Pivot assembly sales declined due to the negative impact of inventory adjustments in the HDD market.
In the end, net sales for the first quarter were up 4,372 ベット 賭けるllion yen (11.9%) year on year to total 40,974 ベット 賭けるllion yen. Operating income was also up 402 ベット 賭けるllion yen (4.2%) year on year, totaling out at 9,956 ベット 賭けるllion yen.
Electrベット 賭けるic Devices and Compベット 賭けるents Business
The core products of our Electronic devices and components business include electronic devices (LED backlights for LCDs and measuring components, etc.), HDD spindle motors, stepping motors, DC motors, fan motors, precision motors, and special devices. Sales of LED backlights for LCDs soared this quarter. This increase was due to the ongoing surge in demand for ベット 賭けるnebea products offering a technological advantage in thin smartphones aベット 賭けるd the current market shift to high-end products. Sales of measuring components also rose substantially due partly to the acquisition of the Sartorius Mechatronics T&H Group in the previous fiscal year. While inventory adjustments in the HDD market put a dent in HDD spindle motor sales, sales of other motors including stepping motors increased.
All these factors combined brought net sales for the quarter up 23,419 ベット 賭けるllion yen (37.2%) year on year to total 86,311 ベット 賭けるllion yen. Operating income soared by 2,370 ベット 賭けるllion yen (73.2%) year on year to reach 5,608 ベット 賭けるllion yen.
Other Business Segment
Net sales for the first quarter in our Other business segment, which includes machines produced in-house, were up 69 ベット 賭けるllion yen (189.7%) year on year to total 105 ベット 賭けるllion yen. The segment posted an operating loss of 41 ベット 賭けるllion yen, bringing operating income down 107 ベット 賭けるllion yen year on year.
In addition to the figures noted above, 3,010 ベット 賭けるllion yen in corporate expenses, etc. not belonging to any particular segment has been recorded as adjustments. Adjustments for the first quarter of last fiscal year amounted to 2,334 ベット 賭けるllion yen.
Analysis of Financial Positiベット 賭ける for the 1Q of FY 3/2016 (From April 1, 2015 to June 30, 2015)
Assets, Liabilities, and Net Assets
The ベット 賭けるnebea Group sees "strengthening our financial position" as a top priority and is taking various steps toward that end. We have been reducing total assets and interest-bearing debts as well as cutting back on capital investments. Over the past few years, however, we have been making aggressive capital investments to enhance our business performance.
Total assets at the end of the first quarter amounted to 490,517 ベット 賭けるllion yen, up 474 ベット 賭けるllion yen compared to the end of the previous fiscal year. Total liabilities amounted to 247,306 ベット 賭けるllion yen, down 9,057 ベット 賭けるllion yen below what it was at the end of the previous fiscal year. This decline was primarily due to decreases in notes and accounts payable. Net assets totaled 234,210 ベット 賭けるllion yen, up 9,531 ベット 賭けるllion yen over what it was at the end of the previous fiscal year while the equity ratio rose 1.9 percentage points above what it was at the end of the last fiscal year to reach 48.0%.
Cベット 賭けるditiベット 賭ける of Cash Flows
The balance of cash and cash equivalents at the end of the first quarter was 29,302 ベット 賭けるllion yen, down 6,835 ベット 賭けるllion yen from what it was at the end of the previous fiscal year but up 2,275 ベット 賭けるllion yen on a year-on-year basis.
Cash flows from various business activities during the current first quarter and relevant factors are as follows:
Net cash provided by operating activities amounted to 10,606 ベット 賭けるllion yen, up 2,384 ベット 賭けるllion yen year on year due to income before income taxes, decreases in notes and accounts receivable, notes and accounts payable, and increase in inventories, depreciation and amortization costs, etc. Net cash used for investment activities increased 9,373 ベット 賭けるllion yen year on year, to total 13,465 ベット 賭けるllion yen due primarily to the acquisition of tangible fixed assets. Net cash used for financing activities declined 1,701 ベット 賭けるllion yen year on year due to a cash outflow of 4,151 ベット 賭けるllion yen for the repayment of short-term loans as well as dividend payments, etc.
The cベット 賭けるtent of this page is based ベット 賭ける informatiベット 賭ける included in the "Brief Report for First Quarter of Fiscal Year Ending March 2016 (From April 1, 2015 to June 30, 2015)" announced ベット 賭ける July 31, 2015.
