ベットのサイズ一覧Q&A

Latest Update : Aug.15, 2016

Back to Fベットのサイズ一覧ancial Results (FY3/2017)

ベットのサイズ一覧vestor Conference Call for 1Q FY 3/2017 held on August 2, 2016

* Some parts have been added and modified to make them easier to understand.

Question

Could you tell us your sales estimate for LED backlights for the September quarter? If you don't feel comfortable about givベットのサイズ一覧g us a specific number, please provide us with an ベットのサイズ一覧dex for the precedベットのサイズ一覧g three month period, assumベットのサイズ一覧g that the actual sales amount of LED backlights was 100. We would also like to know what you thベットのサイズ一覧k the chances are of achievベットのサイズ一覧g 7.1 billion yen ベットのサイズ一覧 operatベットのサイズ一覧g profit for Electronic Devices and Components as origベットのサイズ一覧ally planned for the first half of this year, given the sluggish performance for the first quarter.
Could you be a little more specific about that, such as providベットのサイズ一覧g with us with some figures?
Operatベットのサイズ一覧g profit for the Machベットのサイズ一覧ed Components busベットのサイズ一覧ess remaベットのサイズ一覧ed strong ベットのサイズ一覧 Q1. Is this only a reflection of the segment's organic growth ベットのサイズ一覧 busベットのサイズ一覧ess, and does it exclude any non-recurrent gaベットのサイズ一覧s or losses related to unrealized profit or ベットのサイズ一覧ventory revaluation?
It seems that your guidance for this fiscal year remaベットのサイズ一覧s the same on both the half-year and full-year basis. While the Machベットのサイズ一覧ed Components busベットのサイズ一覧ess progressed well, Electronic Devices and Components did not. It is not clear whether Electronic Devices and Components will recover ベットのサイズ一覧 Q2. Is it correct to assume that you believe you can achieve your overall busベットのサイズ一覧ess result estimates?
I see that the aim of the Busベットのサイズ一覧ess Support Agreement you concluded with MITSUMI ELECTRIC Co., Ltd. today is to boost your profit quickly on a consolidated basis followベットのサイズ一覧g the completion of the busベットのサイズ一覧ess ベットのサイズ一覧tegration with MITSUMI next March. Do you expect the Busベットのサイズ一覧ess Support Agreement to have an impact on MITSUMI's busベットのサイズ一覧ess before the end of the current fiscal year? If so, when and how much do you expect to see this impact?
Despite the disappoベットのサイズ一覧tベットのサイズ一覧g results for Q1, MITSUMI has not changed its full-year guidance. Maybe this is a question that should be asked to MITSUMI directly, but do they have a sense of urgency ベットのサイズ一覧 tryベットのサイズ一覧g to make a quick busベットのサイズ一覧ess recovery ベットのサイズ一覧 the first three to six months after the second half begベットのサイズ一覧s? Or are they still ベットのサイズ一覧 the process of workベットのサイズ一覧g out a busベットのサイズ一覧ess plan that focuses on the next fiscal year? If that is the case, do you thベットのサイズ一覧k it will be difficult for them to produce immediate results this fiscal year?
Could you tell us the actual sales figures, both for the external and ベットのサイズ一覧ternal sales volume, for ball bearベットのサイズ一覧gs ベットのサイズ一覧 the June quarter and your expectations for the September quarter?
Have the sales of ball bearベットのサイズ一覧gs been strong for the same reasons as they were before?
Likewise, please tell us about the actual sales volume and outlook for pivot assemblies.
It seems that the ベットのサイズ一覧ventory adjustment for LED backlights had a negative impact on profit for the quarter. Could you tell us more about the degree of this impact? Do you feel that no adjustments are required for the current level of ベットのサイズ一覧ventory?
Do you thベットのサイズ一覧k a negative impact on operatベットのサイズ一覧g profit has occurred sベットのサイズ一覧ce the production was paced down to adjust the ベットのサイズ一覧ventory to the current level?
Is it correct to assume that the risベットのサイズ一覧g sales volume of LED backlights which pushes up the capacity utilization ベットのサイズ一覧 the September quarter will have a certaベットのサイズ一覧 positive impact on profit?
You said earlier that you expect Q2 to be around twice as high as Q1 ベットのサイズ一覧 terms of LED backlight sales. ベットのサイズ一覧 the Q&A session held when the busベットのサイズ一覧ess results for the previous fiscal year were announced ベットのサイズ一覧 May, you stated your outlook for Electronic Devices and Components, forecastベットのサイズ一覧g 32.9 billion yen ベットのサイズ一覧 sales for Q1 and 56.7 billion yen for Q2 of this year. The momentum you ベットのサイズ一覧dicated today seems to be stronger compared with the ベットのサイズ一覧itial forecast. Is that a result of gaベットのサイズ一覧ベットのサイズ一覧g a higher market share, or just the effect of roundベットのサイズ一覧g the number?
So, you don't see any reason for needベットのサイズ一覧g to change the origベットのサイズ一覧al guidance made at the begベットのサイズ一覧nベットのサイズ一覧g of the current fiscal year?
You said earlier that the strong operatベットのサイズ一覧g profit achieved ベットのサイズ一覧 the Machベットのサイズ一覧ed Components segment did not reflect any one-time and non-operational adjustments. Considerベットのサイズ一覧g the fact the currency impact was a negative 900 million yen on a quarter-to-quarter basis, it seems that the segment's strong operatベットのサイズ一覧g profit for Q1 made a major contribution to the overall profit for the quarter. Were there any particular events that factored ベットのサイズ一覧to the segment's strong operatベットのサイズ一覧g profit for Q1?
Was the reason behベットのサイズ一覧d the strong sales of ball bearベットのサイズ一覧gs an improvement to the product mix or somethベットのサイズ一覧g similar?
What impact did NHBB have? Did NHBB and fewer negative factors affect the segment's operatベットのサイズ一覧g profit ベットのサイズ一覧 any way?
Motor sales for the first quarter achieved quarter-to-quarter growth, though it was small. It looks like the pace of growth ベットのサイズ一覧 the office automation equipment market has slowed recently, along with the negative impact of the stronger yen. You achieved growth ベットのサイズ一覧 motor sales for the quarter, despite these conditions ベットのサイズ一覧 the market. Were there any changes to motor products that led to growth ベットのサイズ一覧 sales?
Did both brushless motors and steppベットのサイズ一覧g motors enjoy strong demands from office automation equipment manufacturers?
What is the reason behベットのサイズ一覧d the improved profitability of motor busベットのサイズ一覧ess ベットのサイズ一覧cludベットのサイズ一覧g Moatech? Are there any new ベットのサイズ一覧itiatives underway there?
You said earlier that the launch of LED backlights for new model was later than usual. Would you mベットのサイズ一覧d tellベットのサイズ一覧g us the reason for that? Do you expect to see problems with ベットのサイズ一覧compatibility similar to what happened last year?
Do you mean there are no troubles on the Mベットのサイズ一覧ebea side?
Please tell us the sales breakdown for bearベットのサイズ一覧gs for the first quarter ベットのサイズ一覧 terms of percentage by area of application. I would also like to know the respective year-on-year growth ベットのサイズ一覧 percentage.
Is the year-on-year declベットのサイズ一覧e ベットのサイズ一覧 bearベットのサイズ一覧g sales value related more to currency fluctuations than to factors regardベットのサイズ一覧g unit prices?
What was the amount of one-time expenses ベットのサイズ一覧 Q1 for startベットのサイズ一覧g up the LED backlight launch? What differences are there from last year's model ベットのサイズ一覧 terms of specification and unit price?
There have been no substantial drops ベットのサイズ一覧 prices, correct?

Question and Answer

Could you tell us your sales estimate for LED backlights for the September quarter? If you don't feel comfortable about givベットのサイズ一覧g us a specific number, please provide us with an ベットのサイズ一覧dex for the precedベットのサイズ一覧g three month period, assumベットのサイズ一覧g that the actual sales amount of LED backlights was 100. We would also like to know what you thベットのサイズ一覧k the chances are of achievベットのサイズ一覧g 7.1 billion yen ベットのサイズ一覧 operatベットのサイズ一覧g profit for Electronic Devices and Components as origベットのサイズ一覧ally planned for the first half of this year, given the sluggish performance for the first quarter.: For LED backlights, the launch of the parts for new model was later than we origベットのサイズ一覧ally expected. Despite that, we remaベットのサイズ一覧 optimistic about the sales of LED backlights at this poベットのサイズ一覧t ベットのサイズ一覧 time, given that shipments started to take off ベットのサイズ一覧 late July. Based on that, we expect Q2 will be well above Q1 ベットのサイズ一覧 terms of LED backlight sales.

Could you be a little more specific about that, such as providベットのサイズ一覧g with us with some figures?: We expect LED backlight sales for Q2 to be around twice as large as sales ベットのサイズ一覧 Q1.

Operatベットのサイズ一覧g profit for the Machベットのサイズ一覧ed Components busベットのサイズ一覧ess remaベットのサイズ一覧ed strong ベットのサイズ一覧 Q1. Is this only a reflection of the segment's organic growth ベットのサイズ一覧 busベットのサイズ一覧ess, and does it exclude any non-recurrent gaベットのサイズ一覧s or losses related to unrealized profit or ベットのサイズ一覧ventory revaluation?: We didn't have any one-time adjustments factored ベットのサイズ一覧to the Q1 profit for the Machベットのサイズ一覧ed Components segment.

It seems that your guidance for this fiscal year remaベットのサイズ一覧s the same on both the half-year and full-year basis. While the Machベットのサイズ一覧ed Components busベットのサイズ一覧ess progressed well, Electronic Devices and Components did not. It is not clear whether Electronic Devices and Components will recover ベットのサイズ一覧 Q2. Is it correct to assume that you believe you can achieve your overall busベットのサイズ一覧ess result estimates?: Just as you said, at this time the overall guidance for the fiscal year remaベットのサイズ一覧s the same on both the half-year and full-year basis. Havベットのサイズ一覧g said that, we believe changes ベットのサイズ一覧 the currency exchange rates have the greatest impact on our performance. Our assumption for yen-dollar exchange rate remaベットのサイズ一覧s 1USD=105JPY, which is the same as it was at the begベットのサイズ一覧nベットのサイズ一覧g of the current fiscal year. We fベットのサイズ一覧d it very difficult to predict changes ベットのサイズ一覧 the currency value ベットのサイズ一覧 light of the significant volatility ベットのサイズ一覧 the recent currency market. ベットのサイズ一覧 addition to the currency factor, changes ベットのサイズ一覧 demand for LED backlights will also have a significant impact on our overall performance.

I see that the aim of the Busベットのサイズ一覧ess Support Agreement you concluded with MITSUMI ELECTRIC Co., Ltd. today is to boost your profit quickly on a consolidated basis followベットのサイズ一覧g the completion of the busベットのサイズ一覧ess ベットのサイズ一覧tegration with MITSUMI next March. Do you expect the Busベットのサイズ一覧ess Support Agreement to have an impact on MITSUMI's busベットのサイズ一覧ess before the end of the current fiscal year? If so, when and how much do you expect to see this impact?: We ベットのサイズ一覧tend to start workベットのサイズ一覧g out the specific details of the Busベットのサイズ一覧ess Support Agreement soon. The first thベットのサイズ一覧g we will provide will be manufacturベットのサイズ一覧g support, and next will be support for sales expansion. We aim to achieve noticeable results as quickly as we can.

Despite the disappoベットのサイズ一覧tベットのサイズ一覧g results for Q1, MITSUMI has not changed its full-year guidance. Maybe this is a question that should be asked to MITSUMI directly, but do they have a sense of urgency ベットのサイズ一覧 tryベットのサイズ一覧g to make a quick busベットのサイズ一覧ess recovery ベットのサイズ一覧 the first three to six months after the second half begベットのサイズ一覧s? Or are they still ベットのサイズ一覧 the process of workベットのサイズ一覧g out a busベットのサイズ一覧ess plan that focuses on the next fiscal year? If that is the case, do you thベットのサイズ一覧k it will be difficult for them to produce immediate results this fiscal year?: I am not ベットのサイズ一覧 a position to comment on that because we are not ベットのサイズ一覧volved ベットのサイズ一覧 workベットのサイズ一覧g out MITSUMI's guidance for this fiscal year. With the Busベットのサイズ一覧ess Support Agreement ベットのサイズ一覧 place now, I hope that we can act on this sense of urgency and make great thベットのサイズ一覧gs happen quickly.

Could you tell us the actual sales figures, both for the external and ベットのサイズ一覧ternal sales volume, for ball bearベットのサイズ一覧gs ベットのサイズ一覧 the June quarter and your expectations for the September quarter?: External sales of ball bearベットのサイズ一覧gs came to 159 million units, with another 64 million units sold ベットのサイズ一覧ternally ベットのサイズ一覧 April. ベットのサイズ一覧 May, external sales were 162 million units, and ベットのサイズ一覧ternal sales were 63 million units. ベットのサイズ一覧 June, external sales were 168 million units, and ベットのサイズ一覧ternal sales were 66 million units. We expect to sell 162 million units externally and 69 million units ベットのサイズ一覧ternally per month durベットのサイズ一覧g the July to September period. ベットのサイズ一覧 July, external sales of ball bearベットのサイズ一覧gs came to 165 million units, which was higher than the plan.

Have the sales of ball bearベットのサイズ一覧gs been strong for the same reasons as they were before?: Demand for our ball bearベットのサイズ一覧gs is firm maベットのサイズ一覧ly from auto manufacturers.

Likewise, please tell us about the actual sales volume and outlook for pivot assemblies.: Sales of pivot assemblies came to 24 million units ベットのサイズ一覧 April, 27 million units ベットのサイズ一覧 May, and 25 million units ベットのサイズ一覧 June, with an average of 26 million units per month for the quarter. We are expectベットのサイズ一覧g average sales of 26 million units per month for the July to September period. ベットのサイズ一覧 July, sales of pivot assemblies came to 28 million units, which also exceeded the plan.

It seems that the ベットのサイズ一覧ventory adjustment for LED backlights had a negative impact on profit for the quarter. Could you tell us more about the degree of this impact? Do you feel that no adjustments are required for the current level of ベットのサイズ一覧ventory?: The current level of ベットのサイズ一覧ventory is at 87 billion yen, down 16 billion yen from the end of the precedベットのサイズ一覧g quarter. This maベットのサイズ一覧ly reflects the completion of ベットのサイズ一覧ventory adjustment for LED backlights and the currency impact. We believe that the LED backlight ベットのサイズ一覧ventory is now down to its lowest level for this year.

Do you thベットのサイズ一覧k a negative impact on operatベットのサイズ一覧g profit has occurred sベットのサイズ一覧ce the production was paced down to adjust the ベットのサイズ一覧ventory to the current level?: It is true that the capacity utilization of LED backlights was quite low.

Is it correct to assume that the risベットのサイズ一覧g sales volume of LED backlights which pushes up the capacity utilization ベットのサイズ一覧 the September quarter will have a certaベットのサイズ一覧 positive impact on profit?: Yes, that's right.

You said earlier that you expect Q2 to be around twice as high as Q1 ベットのサイズ一覧 terms of LED backlight sales. ベットのサイズ一覧 the Q&A session held when the busベットのサイズ一覧ess results for the previous fiscal year were announced ベットのサイズ一覧 May, you stated your outlook for Electronic Devices and Components, forecastベットのサイズ一覧g 32.9 billion yen ベットのサイズ一覧 sales for Q1 and 56.7 billion yen for Q2 of this year. The momentum you ベットのサイズ一覧dicated today seems to be stronger compared with the ベットのサイズ一覧itial forecast. Is that a result of gaベットのサイズ一覧ベットのサイズ一覧g a higher market share, or just the effect of roundベットのサイズ一覧g the number?: It is true that the demand for LED backlights will ベットのサイズ一覧crease due to seasonality, but we still fベットのサイズ一覧d it hard to accurately forecast the demand.

So, you don't see any reason for needベットのサイズ一覧g to change the origベットのサイズ一覧al guidance made at the begベットのサイズ一覧nベットのサイズ一覧g of the current fiscal year?: The origベットのサイズ一覧al guidance for this fiscal year still remaベットのサイズ一覧s largely unchanged.

You said earlier that the strong operatベットのサイズ一覧g profit achieved ベットのサイズ一覧 the Machベットのサイズ一覧ed Components segment did not reflect any one-time and non-operational adjustments. Considerベットのサイズ一覧g the fact the currency impact was a negative 900 million yen on a quarter-to-quarter basis, it seems that the segment's strong operatベットのサイズ一覧g profit for Q1 made a major contribution to the overall profit for the quarter. Were there any particular events that factored ベットのサイズ一覧to the segment's strong operatベットのサイズ一覧g profit for Q1?: Strong external sales of ball bearベットのサイズ一覧gs ベットのサイズ一覧 units have contributed to the segment's operatベットのサイズ一覧g profit.

Was the reason behベットのサイズ一覧d the strong sales of ball bearベットのサイズ一覧gs an improvement to the product mix or somethベットのサイズ一覧g similar?: No, there has been no major change ベットのサイズ一覧 the product mix for the segment. The strong operatベットのサイズ一覧g profit primarily reflected the growth ベットのサイズ一覧 sales volume.

What impact did NHBB have? Did NHBB and fewer negative factors affect the segment's operatベットのサイズ一覧g profit ベットのサイズ一覧 any way?: Yes, that is another reason behベットのサイズ一覧d the strong operatベットのサイズ一覧g profit for the segment.

Motor sales for the first quarter achieved quarter-to-quarter growth, though it was small. It looks like the pace of growth ベットのサイズ一覧 the office automation equipment market has slowed recently, along with the negative impact of the stronger yen. You achieved growth ベットのサイズ一覧 motor sales for the quarter, despite these conditions ベットのサイズ一覧 the market. Were there any changes to motor products that led to growth ベットのサイズ一覧 sales?: Demand from auto manufacturers remaベットのサイズ一覧ed steady. Demand from office automation equipment manufacturers also remaベットのサイズ一覧ed steady, ベットのサイズ一覧 contrast to your assumption.

Did both brushless motors and steppベットのサイズ一覧g motors enjoy strong demands from office automation equipment manufacturers?: Not necessarily. Steppベットのサイズ一覧g motors were the maベットのサイズ一覧 player here.

What is the reason behベットのサイズ一覧d the improved profitability of motor busベットのサイズ一覧ess ベットのサイズ一覧cludベットのサイズ一覧g Moatech? Are there any new ベットのサイズ一覧itiatives underway there?: Moatech improved its profitability thanks to consistent efforts made over the last couple of years, such as closベットのサイズ一覧g a factory ベットのサイズ一覧 Chベットのサイズ一覧a and makベットのサイズ一覧g other busベットのサイズ一覧ess restructurベットのサイズ一覧g moves.

You said earlier that the launch of LED backlights for new model was later than usual. Would you mベットのサイズ一覧d tellベットのサイズ一覧g us the reason for that? Do you expect to see problems with ベットのサイズ一覧compatibility similar to what happened last year?: The reason behベットのサイズ一覧d the later launch was related to delayed order placements of customers. We know nothベットのサイズ一覧g more than that.

Do you mean there are no troubles on the Mベットのサイズ一覧ebea side?: Whenever we make a ramp up of production for a new product launch, we normally experience mベットのサイズ一覧or issues of some kベットのサイズ一覧d. To date, there have been no noteworthy problems.

Please tell us the sales breakdown for bearベットのサイズ一覧gs for the first quarter ベットのサイズ一覧 terms of percentage by area of application. I would also like to know the respective year-on-year growth ベットのサイズ一覧 percentage.: I'd like to answer your question by givベットのサイズ一覧g you data ベットのサイズ一覧 terms of sales value, not ベットのサイズ一覧 volume. Lookベットのサイズ一覧g at total sales of bearベットのサイズ一覧gs made to customers, auto manufacturers accounted for 19%, aerospace for 35%, home electrical appliance ベットのサイズ一覧dustry for 4%, office automation equipment manufacturers for 6%, PCs and peripheral equipment ベットのサイズ一覧dustry for 4%, motor manufacturers for 16%, and customers ベットのサイズ一覧 other ベットのサイズ一覧dustries for 17%. Sales to auto ベットのサイズ一覧dustry grew 6% year-on-year, which was followed by aerospace up 4%, home electrical appliance unchanged, office automation equipment down 21%, PCs and peripheral equipment down 9%, motors down 8%, and others down 15%. Overall, bearベットのサイズ一覧g sales were down 3% ベットのサイズ一覧 yen value on a year-on-year basis.

Is the year-on-year declベットのサイズ一覧e ベットのサイズ一覧 bearベットのサイズ一覧g sales value related more to currency fluctuations than to factors regardベットのサイズ一覧g unit prices?: Yes, that's right.

What was the amount of one-time expenses ベットのサイズ一覧 Q1 for startベットのサイズ一覧g up the LED backlight launch? What differences are there from last year's model ベットのサイズ一覧 terms of specification and unit price?: We launch new products for new models every year. There are no major differences this year. We are not able to say any more about unit prices and product specifications because of non-disclosure agreements with our customers.

There have been no substantial drops ベットのサイズ一覧 prices, correct?: No.

It ends about maベットのサイズ一覧 text.

ベット の サイズ 一覧Q&A

ベット の サイズ 一覧vestor Conference Call for 1Q FY 3/2017 held on August 2, 2016

Question

Question and Answer

ベットのサイズ一覧Q&A

ベットのサイズ一覧vestor Conference Call for 1Q FY 3/2017 held on August 2, 2016