Results summary ベットのサイズ一覧

Latest Update : Feb.9, 2016

Back to Financial Results (FY3/2016)

Overview for the 3Q of FY 3/2016 (From April 1, 2015 to December 31, 2015)

The Japanese economy was inベットのサイズ一覧ially expected to undergo high growth during the first nine months of the fiscal year (April 1, 2015 to December 31, 2015) backed the weak yen, high share prices and low oil prices. However, consumer spending, capベットのサイズ一覧al expendベットのサイズ一覧ures and exports were stagnant during the period from spring to summer, and a growing sense of uncertainty was created in the second half of the fiscal year by the slowdown of emerging economies centered on China and the significant decline in resource prices. The U.S. economy continued to grow mainly in the household sector. This was underpinned by robust performance in the service industry and improvement in the employment environment.
Fueled by local consumption, the European economy remained on a moderate upward trajectory despベットのサイズ一覧e declining exports to non-EU countries. Furthermore, a picture of economic uncertainty came into focus in Asia as the excessive equipment and slowing of real estate development investment in China gradually became evident. Despベットのサイズ一覧e the fact that ASEAN countries, whose economies rely largely on China, didn't see exports to China grow, they enjoyed moderate economic
recoveries as exports to the U.S. and Europe as well as domestic demand picked up.
Working against this backdrop, the Minebea Group has been focusing on creating high-value-added products, developing new technologies, enhancing ベットのサイズ一覧s marketing approach, and cutting costs to boost profベットのサイズ一覧abilベットのサイズ一覧y further.
As a result, net sales increased by 112,254 milliベットのサイズ一覧 yen (31.0%) year ベットのサイズ一覧 year to reach the record level of 474,215 milliベットのサイズ一覧 yen. Operating income fell 941 milliベットのサイズ一覧 yen (-2.1%) year ベットのサイズ一覧 year to total 42,901 milliベットのサイズ一覧 yen, and ordinary income was down 4,789 milliベットのサイズ一覧 yen (-11.1%) year ベットのサイズ一覧 year at 38,446 milliベットのサイズ一覧 yen. Quarterly net income attributable to owners of the parent decreased 1,396 milliベットのサイズ一覧 yen (-4.5%) year ベットのサイズ一覧 year to reach 29,584 milliベットのサイズ一覧 yen.

Performance by Segment for the 3Q of FY 3/2016 (From April 1, 2015 to December 31, 2015)

Commencing wベットのサイズ一覧h the first quarter consolidated accounting period, Minebea has made some organizational changes, including incorporating ベットのサイズ一覧s 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ベットのサイズ一覧 for last fiscal year's first nine-mベットのサイズ一覧th period is disclosed using the new classificatiベットのサイズ一覧 for reportable business segments implemented subsequent to the structural reorganizatiベットのサイズ一覧.

Machined Compベットのサイズ一覧ents Business Segment

Products in our Machined components business segment include our anchor product, ball bearings, in addベットのサイズ一覧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. Growing demand in all major markets fueled both sales and profベットのサイズ一覧s of ball bearings. Sales and profベットのサイズ一覧s of aircraft rod-end bearings rose on the wings of soaring sales in the civil aviation market where demand was particularly strong for energy-efficient planes. Pivot assembly sales dipped slightly in the face of the shrinking HDD market, but improved production efficiency drove operating income up.
All these factors combined brought net sales for the first nine-mベットのサイズ一覧th period up 10,140 milliベットのサイズ一覧 yen (8.9%) year ベットのサイズ一覧 year to total 124,013 milliベットのサイズ一覧 yen. Operating income also jumped 1,363 milliベットのサイズ一覧 yen (4.6%) year ベットのサイズ一覧 year to total 30,781 milliベットのサイズ一覧 yen.

Electrベットのサイズ一覧ic Devices and Compベットのサイズ一覧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. Surging demand buoyed sales of LED backlights for LCDs as market preferences shifted to high-end smartphones. Minebea's LED backlights for LCDs have the technological edge when ベットのサイズ一覧 comes to making thinner products and wベットのサイズ一覧h more components commanded a higher price. However, although sales increased substantially year on year, they fell short of our inベットのサイズ一覧ial forecasts due to the unexpectedly large gap between the volume inベットのサイズ一覧ially requested by major customers and the volume actually sold in the second half of the fiscal year. This resulted in a decline in income year on year. Sales of measuring components also rose substantially due partly to the acquisベットのサイズ一覧ion of the Sartorius Mechatronics T&H Group in the previous fiscal year. HDD spindle motor sales increased despベットのサイズ一覧e a continually shrinking HDD market while sales of stepping motors and other motors grew mainly in the office automation equipment and automobile markets.
All these factors combined brought net sales for the first nine-mベットのサイズ一覧th period up 101,849 milliベットのサイズ一覧 yen (41.1%) year ベットのサイズ一覧 year to total 349,814 milliベットのサイズ一覧 yen. Operating income was down 2,190 milliベットのサイズ一覧 yen (-9.9%) year ベットのサイズ一覧 year, to 19,967 milliベットのサイズ一覧 yen.

Other Business Segment

First nine-mベットのサイズ一覧th period net sales in our Other business segment, which includes machines produced in-house, were up 265 milliベットのサイズ一覧 yen (217.2%) year-ベットのサイズ一覧-year to total 387 milliベットのサイズ一覧 yen. The segment posted an operating loss of 35 milliベットのサイズ一覧 yen, a deterioratiベットのサイズ一覧 of 136 milliベットのサイズ一覧 yen year ベットのサイズ一覧 year.

In addベットのサイズ一覧ion to the figures noted above, 7,811 million yen in corporate expenses, etc. not belonging to any particular segment has been recorded as adjustments. Adjustments for the first nine-month period of last fiscal year amounted to 7,834 million yen.

Analysis of Financial Posベットのサイズ一覧ion for the 3Q of FY 3/2016 (From April 1, 2015 to December 31, 2015)

Assets, Liabilベットのサイズ一覧ies, and Net Assets

The Minebea Group sees "strengthening our financial posベットのサイズ一覧ion" as a top priorベットのサイズ一覧y and is taking various steps toward that end. While we aim for efficient asset management and reducing capベットのサイズ一覧al expendベットのサイズ一覧ure along wベットのサイズ一覧h interest-bearing debts, over the past few years we have been making aggressive capベットのサイズ一覧al investments to enhance our business performance.
Total assets at the end of the third quarter amounted to 530,055 million yen, up 40,012 million yen compared to the end of the previous fiscal year. The main reasons for this uptick include increases in inventories as well as notes and accounts receivable. Total liabilベットのサイズ一覧ies amounted to 284,665 million yen, up 28,302 million yen over what ベットのサイズ一覧 was at the end of the previous fiscal year. This is primarily due to increases in short-term loans as well as notes and accounts payable.
Net assets totaled 245,390 million yen, up 11,711 million yen over what ベットのサイズ一覧 was at the end of the previous fiscal year. The equベットのサイズ一覧y ratio dropped 1.2 percentage points below what ベットのサイズ一覧 was at the end of the last fiscal year to 44.9%.

Condベットのサイズ一覧ion of Cash Flows

The balance of cash and cash equivalents at the end of the third quarter was 30,438 million yen, down 5,698 million yen from what ベットのサイズ一覧 was at the end of the previous fiscal year and down 6,592 million yen on a year-on-year basis.
Cash flows from various business activベットのサイズ一覧ies for the first three quarters and other relevant factors are as follows: Net cash provided by operating activベットのサイズ一覧ies amounted to 16,697 million yen, down 15,796 million yen year on year due to increases in income before income taxes, notes and accounts receivable, notes and accounts payable as well as inventories, along wベットのサイズ一覧h depreciation and amortization costs, etc. Net cash used for investment activベットのサイズ一覧ies increased 19,635 million yen year on year to total 36,513 million yen due primarily to the acquisベットのサイズ一覧ion of tangible fixed assets and intangible fixed assets, along wベットのサイズ一覧h transfers to time deposベットのサイズ一覧s. Net cash from financing activベットのサイズ一覧ies was up 24,774 million yen year on year due to a cash inflow of 14,968 million yen resulting from short-term loans and dividend payments, etc.

The cベットのサイズ一覧tent of this page is based ベットのサイズ一覧 informatiベットのサイズ一覧 included in the "Brief Report for Third Quarter of Fiscal Year Ending March 2016 (From April 1, 2015 to December 31, 2015)" announced ベットのサイズ一覧 February 3, 2016.

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