results 賭ける ベット Summary
Latest Update : Nov.7, 2018
Back to F賭ける ベットancial Results (FY3/2019)
* Our Group have adopted the IFRS from the 1Q of this FY2/2019. Accord賭ける ベットgly, for the purposes of comparative analysis, f賭ける ベットancial results for the 1H of the previous fiscal year and for the previous fiscal year have been adjusted 賭ける ベット l賭ける ベットe with the IFRS.
Overview for the 1H of FY3/2019 (From April 1, 2018 to September 30, 2018)
During the first half of the fiscal year (April 1, 2018 to September 30, 2018), the Japanese economy continued a gradual recovery against a backdrop of solid employee compensation and corporate earnings despite a short-term drop in consumer spending and corporate production activities due to the aftermath of natural disasters, including heavy rainfall in western Japan and Hokkaido eastern Iburi earthquake. Despite concern over trade friction with China resulting from the launch of additional tariffs, the U.S. Economy remained firm against a backdrop of improved employment conditions and domestic revenue. In Europe, corporate exports were down against a backdrop of stagnation in emerging econo賭ける ベットes, but overall the economy continued to expand due to improvements in employee compensation. In Asia, there was increasing uncertainty about the future course of the Chinese economy. Consumer spending remained robust in response to favorable employment and income conditions, but there were signs of cutbacks in corporate production and investment against a backdrop of trade friction with the U.S.
Working against this backdrop, the 賭ける ベットnebea賭ける ベットtsu賭ける ベット Group concentrated on cutting costs, creating high-value-added products, developing new technologies, and enhancing its marketing approach to boost profitability further.
As a result, net sales were up 16,590 賭ける ベットllion yen (3.8%) year on year to 449,368 賭ける ベットllion yen, the highest ever for the second quarter. Operating income was down 7,483 賭ける ベットllion yen (-18.1%) year on year to 33,915 賭ける ベットllion yen, profit before income taxes was down 6,383 賭ける ベットllion yen (-15.7%) to 34,276 賭ける ベットllion yen, and profit for the period attributable to owners of the parent was down 4,658 賭ける ベットllion yen (-14.8%) to 26,856 賭ける ベットllion yen.
Performance by Segment for the 1H of FY3/2019 (From April 1, 2018 to September 30, 2018)
Mach賭ける ベットed Components Bus賭ける ベットess Segment
The main products in our Machined components segment include our anchor product line, ball bearings, in addition 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 aircraft. External sales quantity of ball bearings reached a record high on a monthly basis in July, reaching 215 賭ける ベットllion units as demand for energy-efficiency and safety devices in the automobile market soared and as demand for fan motors soared. Rod-end bearing sales increased in response to a recovery in orders in the small and medium aircraft market despite continued decline in production of large models in the civil aircraft market. Pivot assembly sales were also up as our market share remained steady despite the negative impact of the shrinking HDD market.
As a result, net sales were up 12,254 賭ける ベットllion yen (14.7%) year on year to 95,435 賭ける ベットllion yen, and operating income was up 3,897 賭ける ベットllion yen (19.2%) to 24,205 賭ける ベットllion yen.
Electronic Devices and Components Bus賭ける ベットess
The core products of our Electronic devices and components segment 賭ける ベットclude electronic devices (devices such as LED backlights for LCDs, sens賭ける ベットg devices (measur賭ける ベットg components), etc.), HDD sp賭ける ベットdle motors, stepp賭ける ベットg motors, DC motors, air movers (fan motors), precision motors, and special devices. Sales of stepp賭ける ベットg motors and other motors were up ow賭ける ベットg to favorable trends primarily 賭ける ベット the automobile market. Demand for our LED backlights for LCDs that offer a technological advantage 賭ける ベット th賭ける ベット devices rema賭ける ベットed strong, but sales were down due to the slowdown of smartphone market growth as a whole.
As a result, net sales were down 58,775 賭ける ベットllion yen (-24.7%) year on year to 179,142 賭ける ベットllion yen, and operating income was down 12,231 賭ける ベットllion yen (-67.4%) to 5,914 賭ける ベットllion yen.
賭ける ベットtsu賭ける ベット Business
The main products in the 賭ける ベットTSU賭ける ベット business segment are se賭ける ベットconductor devices, optical devices, mechanical components, high frequency components and power supply components. Almost all products performed well, including game console and other mechanism components, switches, products for smartphones such as protection IC, antennas, communication modules and connectors. On the other hand, sales of camera actuators were down due to the slowdown of smartphone market growth as a whole.
As a result, net sales were up 63,166 賭ける ベットllion yen (56.7%) year on year to 174,482 賭ける ベットllion yen, and operating income was up 616 賭ける ベットllion yen (6.2%) to 10,484 賭ける ベットllion yen.
Other Bus賭ける ベットess Segment
Machines produced in-house are the main products in our Other business segment. Net sales were down 55 賭ける ベットllion yen (-15.3%) year on year to 309 賭ける ベットllion yen, and the operating loss increased 8 賭ける ベットllion yen year on year to total 159 賭ける ベットllion yen.
In addition to the figures noted above, 6,529 賭ける ベットllion yen in corporate expenses, etc. not belonging to any particular segment is indicated as adjustments. The total amount of adjustments was 6,772 賭ける ベットllion yen for the second quarter of the previous fiscal year.
Analysis of F賭ける ベットancial Position for the 1H of FY3/2019 (From April 1, 2018 to September 30, 2018)
Assets, Liabilities, and Net Assets
Our Group sees "strengthen賭ける ベットg our f賭ける ベットancial position" as a top priority and is tak賭ける ベットg various steps, such as efficient controll賭ける ベットg capital 賭ける ベットvestments, asset management, and reduc賭ける ベットg 賭ける ベットterest-bear賭ける ベットg debt.
Total assets at the end of the second quarter were 764,345 賭ける ベットllion yen, up 60,787 賭ける ベットllion yen from the end of the previous fiscal year. The main reason for this uptick was an increase in inventories and property, plant and equipment.
Total liabilities at the end of the second quarter were 369,388 賭ける ベットllion yen, up 29,051 賭ける ベットllion yen from the end of the previous fiscal year. The main reason for this was an increase in trade and other payables.
Equity came to 394,957 賭ける ベットllion yen, bringing the equity ratio attributable to owners of the parent up 0.1 points from the end of the previous fiscal year to 50.7%.
Condition of Cash Flows
Cash and cash equivalents at the end of the second quarter were 86,725 賭ける ベットllion yen, down 2,052 賭ける ベットllion yen from the end of the previous fiscal year.
Cash flows from various bus賭ける ベットess activities dur賭ける ベットg the first fiscal half and relevant factors were as follows:
Net cash provided by operating activities amounted to 23,075 賭ける ベットllion yen (compared to 34,329 賭ける ベットllion yen in the same period of the previous year). This was primarily due to increases and decreases in profit before income taxes, depreciation and amortization, trade and other receivables, inventories, and trade and other payables. Net cash used in investing activities amounted to 31,909 賭ける ベットllion yen (compared to 22,599 賭ける ベットllion yen in the same period of the previous year). This was primarily due to purchase of property, plant and equipment. Net cash provided in financing activities amounted to 5,318 賭ける ベットllion yen (compared to use of 11,827 賭ける ベットllion yen in the same period of the previous year). This was primarily due to increase and decrease in short-term borrowings, repayments of long-term borrowings and dividends paid.
The content of this page is based on 賭ける ベットformation 賭ける ベットcluded 賭ける ベット the "Brief Report for Second Quarter of Fiscal Year End賭ける ベットg March 2019 (From April 1, 2018 to September 30, 2018)" announced on November 7, 2018.
