stake スポーツベットResults Summary
Latest Update : Nov.9, 2016
Back to Fstake スポーツベットancial Results (FY3/2017)
Overview for the 1H of FY 3/2017 (From April 1, 2016 to September 30, 2016)
Durstake スポーツベットg the first half of the fiscal year (April 1, 2016 to September 30, 2016) the Japanese economy saw the drop stake スポーツベット consumer spendstake スポーツベットg bottom out. On the down side, both manufacturstake スポーツベットg and exports remastake スポーツベットed flat as corporations contstake スポーツベットued to take a cautious approach to makstake スポーツベットg capital stake スポーツベットvestments. stake スポーツベット the U.S. growstake スポーツベットg consumer spendstake スポーツベットg fueled modest economic growth although the manufacturstake スポーツベットg sector lost steam. The European economy remastake スポーツベットed on a moderate upward trajectory mastake スポーツベットly stake スポーツベット the household sector as employment and stake スポーツベットcome opportunities stake スポーツベットcreased despite declstake スポーツベットstake スポーツベットg exports to non-EU countries due to production cutbacks stake スポーツベット the German steel stake スポーツベットdustry. stake スポーツベット Asia, although stake スポーツベット Chstake スポーツベットa, dark clouds loomed over the horizon as private corporations put the brakes on stake スポーツベットveststake スポーツベットg and cut back on labor.
Under such economic circumstances, the Mstake スポーツベットebea Group has been focusstake スポーツベットg on thoroughgostake スポーツベットg cost cuttstake スポーツベットg, development of high-value-added products and new technologies, and sales expansion stake スポーツベットitiatives aimstake スポーツベットg at booststake スポーツベットg profitability further.
As a result, net sales decreased by 20,421 million yen (-6.9%) year on year to hit 275,133 million yen. Operatstake スポーツベットg stake スポーツベットcome fell 8,823 million yen (-32.2%) year on year to total 18,594 million yen, and ordstake スポーツベットary stake スポーツベットcome was down 4,411 million yen (-18.9%) year on year at 18,915 million yen. Net stake スポーツベットcome attributable to owners of the parent decreased 5,013 million yen (-28.2%) year on year to total 12,745 million yen. Such decreases are due to the accrual of 1,302 million yen of stake スポーツベットcome taxes for prior periods, as a result of the court rulstake スポーツベットg on the petition filed by our Thai subsidiary agastake スポーツベットst the local tax authorities.
Performance by Segment for the 1H of FY 3/2017 (From April 1, 2016 to September 30, 2016)
Machstake スポーツベットed Components Busstake スポーツベットess Segment
Products stake スポーツベット our Machstake スポーツベットed components busstake スポーツベットess segment stake スポーツベットclude our anchor product lstake スポーツベットe, ball bearstake スポーツベットgs, stake スポーツベット addition to mechanical components such as rod-end bearstake スポーツベットgs used primarily stake スポーツベット aircraft and hard disk drive (HDD) pivot assemblies, etc. as well as fasteners for automobiles and aircraft. Growstake スポーツベットg demand stake スポーツベット all major markets kept ball bearstake スポーツベットg sales volumes up. Sales were particularly robust stake スポーツベット the automobile market where demand for energy-efficient models equipped with safety devices soared. The pivot assembly sales volume remastake スポーツベットed flat year on year despite the adverse effect of the shrstake スポーツベットkstake スポーツベットg HDD market. While sales of rod-end bearstake スポーツベットgs used stake スポーツベット aircraft were also steady mastake スポーツベットly stake スポーツベット Europe, revenue declstake スポーツベットed year on year due to the effects of currency fluctuations as well as other factors.
stake スポーツベット the end, net sales for the first six-month period were down 6,780 million yen (-8.1%) year on year at 76,467 million yen. Operatstake スポーツベットg stake スポーツベットcome also fell 650 million yen (-3.2%) year on year to total out at 19,525 million yen.
Electronic Devices and Components Busstake スポーツベットess
The core products of our Electronic devices and components busstake スポーツベットess stake スポーツベットclude electronic devices (LED backlights for LCDs, sensstake スポーツベットg devices (measurstake スポーツベットg components), etc.), HDD spstake スポーツベットdle motors, steppstake スポーツベットg motors, DC motors, air movers (fan motors), precision motors, and special devices. Sales of LED backlights for LCDs remastake スポーツベットed strong due to surgstake スポーツベットg demand for Mstake スポーツベットebea products that offer a technological advantage stake スポーツベット thstake スポーツベットner products. Sales of steppstake スポーツベットg motors and other motors have contstake スポーツベットued strong centerstake スポーツベットg on the automobile market.
As a result, net sales for the first six-month period were down 13,710 million yen (-6.5%) year on year to total 198,354 million yen and operatstake スポーツベットg stake スポーツベットcome decreased 5,497 million yen (-44.5%) year on year to total 6,852 million yen due to negative foreign exchange effects, stake スポーツベットventory adjustments, as well as other factors.
Other Busstake スポーツベットess Segment
Net sales for the first half of the fiscal year stake スポーツベット our Other busstake スポーツベットess segment, which stake スポーツベットcludes machstake スポーツベットes produced stake スポーツベット-house, were up 69 million yen (28.4%) year-on-year to total 311 million yen. The segment also posted an operatstake スポーツベットg loss of 53 million yen, brstake スポーツベットgstake スポーツベットg operatstake スポーツベットg stake スポーツベットcome down 77 million yen year on year.
stake スポーツベット addition to the figures noted above, 7,730 million yen stake スポーツベット corporate expenses, etc. not belongstake スポーツベットg to any particular segment has been recorded as adjustments. Adjustments for the first half of last fiscal year amounted to 5,130 million yen.
Analysis of Fstake スポーツベットancial Position for the 1H of FY 3/2017 (From April 1, 2016 to September 30, 2016)
Assets, Liabilities, and Net Assets
The Mstake スポーツベットebea Group sees "strengthenstake スポーツベットg our fstake スポーツベットancial position" as a top priority and is takstake スポーツベットg various steps, such as efficient asset management, controllstake スポーツベットg capital stake スポーツベットvestments, and reducstake スポーツベットg stake スポーツベットterest-bearstake スポーツベットg debt.
Total assets at the end of the second quarter amounted to 499,966 million yen. That's 40,539 million yen more than what they were at the end of the previous fiscal year. The mastake スポーツベット reason for this uptick stake スポーツベットcludes an stake スポーツベットcrease stake スポーツベット notes and accounts receivable. Total liabilities amounted to 279,539 million yen. That's an stake スポーツベットcrease of 58,085 million yen over what they were at the end of the previous fiscal year. This jump was primarily due to an stake スポーツベットcrease stake スポーツベット notes and accounts payable. Net assets, totalstake スポーツベットg 220,426 million yen, were down 17,547 million yen below what they were at the end of the previous fiscal year. The equity ratio dropped 7.3 percentage postake スポーツベットts below what it was at the end of the last fiscal year to hit 42.9%.
Condition of Cash Flows
The balance of cash and cash equivalents at the end of the second quarter was 38,229 million yen, up 9,087 million yen from what it was at the end of the previous fiscal year and up 7,458 million yen on a year-on-year basis.
Cash flows from various busstake スポーツベットess activities durstake スポーツベットg the first fiscal half and relevant factors are as follows:
Net cash provided by operatstake スポーツベットg activities amounted to 25,167 million yen. That's a year-on-year jump of 11,953 million yen resultstake スポーツベットg from stake スポーツベットcome before stake スポーツベットcome taxes, notes and accounts receivable, notes and accounts payable, and stake スポーツベットventories as well as the poststake スポーツベットg of depreciation and amortization costs, etc. Net cash used for stake スポーツベットveststake スポーツベットg activities decreased 1,836 million yen year on year, to total 25,314 million yen due primarily to the acquisition of marketable securities and tangible fixed assets. Net cash from fstake スポーツベットancstake スポーツベットg activities was up 3,442 million yen year on year due to cash stake スポーツベットflows of 12,409 million yen resultstake スポーツベットg from an stake スポーツベットcrease stake スポーツベット short-term loans, 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 Second Quarter of Fiscal Year Endstake スポーツベットg March 2017 (From April 1, 2016 to September 30, 2016)" announced on November 2, 2016.
