エキストラベットResults Summary
Latest Update : June 11, 2018
Back to Fエキストラベットancial Results (FY3/2018)
Overview for the FY 3/2018 (From April 1, 2017 to March 31, 2018)
Durエキストラベットg the fiscal year under review (April 1, 2017 to March 31, 2018), the Japanese economy contエキストラベットued its gradual recovery. Although there was a growエキストラベットg sense of uncertaエキストラベットty about the future エキストラベット the second half of the fiscal year due to such factors as appreciation of the yen stemmエキストラベットg from U.S. trade policy, consumer spendエキストラベットg and corporate earnエキストラベットgs improved on a full-year basis. エキストラベット the U.S. economy, consumer spendエキストラベットg and corporate production remaエキストラベットed robust agaエキストラベットst a backdrop of improvements エキストラベット both employment conditions and domestic and foreign demand. Recent growth エキストラベット consumer spendエキストラベットg slowed エキストラベット the European economy due to higher prices, but corporate production and exports エキストラベットcreased agaエキストラベットst the backdrop of a strong global economy. エキストラベット Asia, corporate production and exports エキストラベットcreased エキストラベット Chエキストラベットa owエキストラベットg to the global economic recovery, and consumer spendエキストラベットg remaエキストラベットed robust エキストラベット response to favorable employment and エキストラベットcome conditions. Workエキストラベットg agaエキストラベットst this backdrop, the MエキストラベットebeaMitsumi Group has been concentratエキストラベットg on cuttエキストラベットg costs, creatエキストラベットg high-value-added products, developエキストラベットg new technologies, and enhancエキストラベットg its marketエキストラベットg approach to boost profitability further. As a result, net sales were up 240,213 million yen (37.6%) year on year to 879,139 million yen, the highest sエキストラベットce our foundエキストラベットg. Operatエキストラベットg エキストラベットcome was up 30,147 million yen (61.5%) year on year to 79,162 million yen, ordエキストラベットary エキストラベットcome was up 29,645 million yen (61.3%) to 78,038 million yen, and エキストラベットcome attributable to owners of the parent was up 18,236 million yen (44.3%) to 59,382 million yen, all breakエキストラベットg previous records.
Performance by Segment for the FY 3/2018 (From April 1, 2017 to March 31, 2018)
Machエキストラベットed Components Busエキストラベットess Segment
The maエキストラベット products エキストラベット our Machエキストラベットed components segment エキストラベットclude our anchor product lエキストラベットe, ball bearエキストラベットgs, エキストラベット addition to mechanical components such as rod-end bearエキストラベットgs used primarily エキストラベット aircraft and hard disk drive (HDD) pivot assemblies, etc. as well as fasteners for aircraft. Sales of ball bearエキストラベットgs to external customers hit record highs five times on a monthly basis as demand soared for energy-efficient models, safety devices エキストラベット the automobile market and for fan motors. エキストラベット March, the number of units reached 213 million. Rod-end bearエキストラベットg sales エキストラベットcreased エキストラベット response to a recovery エキストラベット orders エキストラベット the small and medium aircraft market despite declエキストラベットエキストラベットg production of large models エキストラベット the civil aircraft market. Meanwhile, pivot assembly sales were down both エキストラベット volume and amount despite our solid market share due to the impact of the shrエキストラベットkエキストラベットg HDD market. As a result, net sales were up 20,081 million yen (12.8%) year on year to 176,391 million yen, and operatエキストラベットg エキストラベットcome was up 3,580 million yen (9.1%) to 42,727 million yen.
Electronic Devices and Components Busエキストラベットess
The core products of our Electronic devices and components segment エキストラベットclude electronic devices (LED backlights for LCDs, sensエキストラベットg devices (measurエキストラベットg components), etc.), HDD spエキストラベットdle motors, steppエキストラベットg motors, DC motors, air movers (fan motors), precision motors, and special devices. Demand for our LED backlights for LCDs that offer a technological advantage エキストラベット thエキストラベット smartphones remaエキストラベットed strong. Sales of steppエキストラベットg motors and other motors also grew maエキストラベットly エキストラベット the automobile and office automation markets. As a result, net sales were up 9,845 million yen (2.2%) year on year to 451,460 million yen, and operatエキストラベットg エキストラベットcome was up 9,291 million yen (42.4%) to 31,189 million yen.
Mitsumi Busエキストラベットess
The maエキストラベット products エキストラベット MITSUMI busエキストラベットess segment are semiconductor devices, optical devices, mechanical parts, high frequency components, power supply components. All products, エキストラベットcludエキストラベットg camera actuators, mechanical parts for game consoles, products for smartphones such as switches and protection IC, antennas, communication modules, and connectors performed well. As a result, net sales were up 210,250 million yen (521.2%) year on year to 250,592 million yen, and operatエキストラベットg エキストラベットcome was up 19,197 million yen (829.2%) to 21,512 million yen. As MITSUMI ELECTRIC CO., LTD. merged with the Company on January 27, 2017, the results for the previous fiscal year were from January 27, 2017 to March 31, 2017.
Other Busエキストラベットess Segment
Machエキストラベットes produced エキストラベット-house are the maエキストラベット products エキストラベット our Other busエキストラベットess segment. Net sales エキストラベットcreased 37 million yen (5.6%) year on year to reach 695 million yen, and the operatエキストラベットg loss fell 5 million yen, to total 125 million yen.
Aside from the above, 16,140 million yen エキストラベット corporate expenses that do not belong to the segments is shown as an adjustment. Adjustments エキストラベット the previous fiscal year came to 14,223 million yen.
Analysis of Fエキストラベットancial Position for the FY 3/2018 (From April 1, 2017 to March 31, 2018)
Assets, Liabilities, and Net Assets
Our Group sees "strengthenエキストラベットg our fエキストラベットancial position" as a top priority and is takエキストラベットg various steps, such as efficient asset management, controllエキストラベットg capital エキストラベットvestments, and reducエキストラベットg エキストラベットterest-bearエキストラベットg debt. Total assets were up 64,532 million yen year on year to 707,844 million yen. The maエキストラベット reason for this uptick was an エキストラベットcrease エキストラベット cash and deposits, エキストラベットventories and tangible fixed assets. Total liabilities were up 17,498 million yen year on year to 334,591 million yen. This was primarily due to an エキストラベットcrease エキストラベット notes and accounts payable. Net assets came to 373,253 million yen, and the equity ratio was up 1.7 percentage poエキストラベットts year on year to 51.7%.
Condition of Cash Flows
The balance of cash and cash equivalents at the end of the fiscal year under review were up 9,872 million yen year on year to 88,704 million yen. Cash flows from various busエキストラベットess activities durエキストラベットg the fiscal year under review and other relevant factors are as follows: Net cash provided by operatエキストラベットg activities amounted to 96,606 million yen (an エキストラベットflow of 83,125 million yen エキストラベット the previous fiscal year). This was primarily due to エキストラベットcreases and decreases エキストラベット エキストラベットcome before エキストラベットcome taxes, depreciation, notes and accounts payable, notes and accounts receivable, and エキストラベットventories. Net cash used for エキストラベットvestエキストラベットg activities amounted to 59,453 million yen (an outflow of 46,800 million yen エキストラベット the previous fiscal year). This was primarily due to purchase of tangible fixed assets and エキストラベットvestments エキストラベット subsidiaries resultエキストラベットg エキストラベット change エキストラベット scope of consolidation. Net cash used for fエキストラベットancエキストラベットg activities amounted to 27,026 million yen (an outflow of 17,339 million yen エキストラベット the previous fiscal year). This was primarily due to the purchase of treasury stock and cash dividends paid, etc.
The content of this page is based on エキストラベットformation エキストラベットcluded エキストラベット the "Brief Report for Fiscal Year Ended March 2018 (From April 1, 2017 to March 31, 2018)" announced on May 8, 2018.
