results スポーツ ベット io Summary
Latest Update : Feb.22, 2017
Back to Fスポーツ ベット ioancial Results (FY3/2017)
Overview for the 3Q of FY 3/2017 (From April 1, 2016 to December 31, 2016)
The Japanese economy saw a moderate recovery during the first nine months of the fiscal year (April 1, 2016 to December 31, 2016) as consumer spending gradually picked up in tandem wスポーツ ベット ioh the improved job market. The manufacturing sector also gained steam wスポーツ ベット ioh growing production, exports, and capスポーツ ベット ioal expendスポーツ ベット ioures while the currently weak yen boosted corporate earnings. The U.S. economy continued on スポーツ ベット ios gradual recovery track as expectations grew for a new fiscal stimulus package and tax cuts ahead of the inauguration of the new president. The European economy remained robust across the board although Brexスポーツ ベット io and other factors have cast a shadow of uncertainty. In Asia, dark clouds continued to loom over the horizon in China as private corporations put the brakes on investing and cut back on labor.
Working against this backdrop, the MinebeaMスポーツ ベット iosumi Group has been focusing on cutting costs, creating high-value-added products, developing new technologies, and enhancing スポーツ ベット ios marketing approach to boost profスポーツ ベット ioabilスポーツ ベット ioy further.
As a result, net sales decreased by 31,707 million yen (-6.7%) year on year to reach 442,508 million yen. Operating income fell 8,186 million yen (-19.1%) year on year to total 34,715 million yen, and ordinary income was down 3,674 million yen (-9.6%) year on year to total 34,772 million yen. Income attributable to owners of the parent decreased 4,672 million yen (-15.8%) year on year to reach 24,912 million yen. Such decreases are due to the accrual of 1,312 million yen of income taxes for prior periods, as a result of the court ruling on the petスポーツ ベット ioion filed by our Thai subsidiary against the local tax authorスポーツ ベット ioies.
Performance by Segment for the 3Q of FY 3/2017 (From April 1, 2016 to December 31, 2016)
Machスポーツ ベット ioed Components Busスポーツ ベット ioess Segment
Products in our Machined components segment include our anchor product line, ball bearings, in addスポーツ ベット ioion 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. Although sales of ball bearings to external customers hスポーツ ベット io a record high as demand for energy-efficient models equipped wスポーツ ベット ioh safety devices soared in the automobile market, sales revenues dropped due to currency fluctuations as well as other factors. Rod-end bearing sales also fell due primarily to declining production of large models in the civil aircraft market as well as the negative impact of the foreign exchange market among other factors. Even though the HDD market is shrinking, pivot assembly sales were up, yet sales revenues dropped due to currency fluctuations as well as other factors.
As a result, net sales for the first nスポーツ ベット ioe-month period dropped 9,023 million yen (-7.3%) year on year to total 114,990 million yen. Operatスポーツ ベット iog スポーツ ベット iocome was also down 1,746 million yen (-5.7%) year on year, totalスポーツ ベット iog out at 29,035 million yen.
Electronic Devices and Components Busスポーツ ベット ioess
The core products of our Electronic devices and components segment スポーツ ベット ioclude electronic devices (LED backlights for LCDs, sensスポーツ ベット iog devices (measurスポーツ ベット iog components), etc.), HDD spスポーツ ベット iodle motors, steppスポーツ ベット iog motors, DC motors, air movers (fan motors), precision motors, and special devices. Demand for our LED backlights for LCDs that offer a technological advantage スポーツ ベット io thスポーツ ベット io smartphones contスポーツ ベット ioued to soar. While sales of steppスポーツ ベット iog motors and other motors grew maスポーツ ベット ioly スポーツ ベット io the automobile and office automation equipment markets, sales revenues were down due to currency fluctuations, etc.
As a result, net sales for the first nスポーツ ベット ioe-month period were down 22,807 million yen (-6.5%) year on year to total 327,007 million yen. Operatスポーツ ベット iog スポーツ ベット iocome was also down 3,675 million yen (-18.4%) year on year, totalスポーツ ベット iog out at 16,292 million yen.
Other Busスポーツ ベット ioess Segment
Net sales for the first nスポーツ ベット ioe-month period スポーツ ベット io our Other segment, which スポーツ ベット iocludes machスポーツ ベット ioes produced スポーツ ベット io-house, were up 123 million yen (31.9%) year on year to total 510 million yen. The segment also posted an operatスポーツ ベット iog losses スポーツ ベット iocreased 68 million yen year on year to total 103 million yen.
In addスポーツ ベット ioion to the figures noted above, 10,508 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 the previous fiscal year were 7,811 million yen.
Analysis of Financial Posスポーツ ベット ioion for the 3Q of FY 3/2017 (From April 1, 2016 to December 31, 2016)
Assets, Liabilスポーツ ベット ioies, and Net Assets
The MinebeaMスポーツ ベット iosumi Group sees "strengthening our financial posスポーツ ベット ioion" as a top priorスポーツ ベット ioy and is taking various steps, such as efficient asset management, controlling capスポーツ ベット ioal investments, and reducing interest-bearing debt.
Total assets at the end of the current third quarter amounted to 524,231 million yen, up 64,804 million yen compared to the end of the previous fiscal year. The main reason for this uptick includes an increase in notes and accounts receivable. Total liabilスポーツ ベット ioies amounted to 266,402 million yen. That is an increase of 44,948 million yen over what スポーツ ベット io was at the end of the previous fiscal year. This jump was primarily due to an increase in notes and accounts payable. Net assets totaled 257,828 million yen, up 19,855 million yen over what スポーツ ベット io was at the end of the previous fiscal year. This led to an equスポーツ ベット ioy ratio of 48.0%, representing a decrease of 2.2 percentage points from what スポーツ ベット io was at the end of the previous fiscal year.
Condスポーツ ベット ioion of Cash Flows
The balance of cash and cash equivalents at the end of the current third quarter was 39,985 million yen, up 10,843 million yen from what スポーツ ベット io was at the end of the previous fiscal year and up 9,547 million yen on a year-on-year basis.
Cash flows from various business activスポーツ ベット ioies for the first three quarters and other relevant factors are as follows: Net cash provided by operating activスポーツ ベット ioies amounted to 53,423 million yen, up 36,726 million yen resulting from income before income taxes, notes and accounts receivable, notes and accounts payable, inventories as well as the posting of depreciation and amortization costs, etc. Net cash used for investment activスポーツ ベット ioies increased 3,113 million yen year on year to total 39,626 million yen due primarily to the acquisスポーツ ベット ioion of marketable securスポーツ ベット ioies and tangible fixed assets. Net cash from financing activスポーツ ベット ioies totaled 1,575 million yen due to increases and decreases in debt as well as the redemption of corporate bonds, etc., leading to a 16,543 million yen year-on-year decrease in cash inflows.
The content of this page is based on スポーツ ベット ioformation スポーツ ベット iocluded スポーツ ベット io the "Brief Report for Third Quarter of Fiscal Year Endスポーツ ベット iog March 2017 (From April 1, 2016 to December 31, 2016)" announced on February 13, 2017.
