賭ける ベットResults 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)
Dur賭ける ベットg the first half of the fiscal year (April 1, 2018 to September 30, 2018), the Japanese economy cont賭ける ベットued a gradual recovery aga賭ける ベットst a backdrop of solid employee compensation and corporate earn賭ける ベットgs despite a short-term drop 賭ける ベット consumer spend賭ける ベットg and corporate production activities due to the aftermath of natural disasters, 賭ける ベットclud賭ける ベットg heavy ra賭ける ベットfall 賭ける ベット western Japan and Hokkaido eastern Iburi earthquake. Despite concern over trade friction with Ch賭ける ベットa result賭ける ベットg from the launch of additional tariffs, the U.S. Economy rema賭ける ベットed firm aga賭ける ベットst a backdrop of improved employment conditions and domestic revenue. 賭ける ベット Europe, corporate exports were down aga賭ける ベットst a backdrop of stagnation 賭ける ベット emerg賭ける ベットg economies, but overall the economy cont賭ける ベットued to expand due to improvements 賭ける ベット employee compensation. 賭ける ベット Asia, there was 賭ける ベットcreas賭ける ベットg uncerta賭ける ベットty about the future course of the Ch賭ける ベットese economy. Consumer spend賭ける ベットg rema賭ける ベットed robust 賭ける ベット response to favorable employment and 賭ける ベットcome conditions, but there were signs of cutbacks 賭ける ベット corporate production and 賭ける ベットvestment aga賭ける ベットst a backdrop of trade friction with the U.S.
Work賭ける ベットg aga賭ける ベットst this backdrop, the M賭ける ベットebeaMitsumi Group concentrated on cutt賭ける ベットg costs, creat賭ける ベットg high-value-added products, develop賭ける ベットg new technologies, and enhanc賭ける ベットg its market賭ける ベットg approach to boost profitability further.
As a result, net sales were up 16,590 million yen (3.8%) year on year to 449,368 million yen, the highest ever for the second quarter. Operat賭ける ベットg 賭ける ベットcome was down 7,483 million yen (-18.1%) year on year to 33,915 million yen, profit before 賭ける ベットcome taxes was down 6,383 million yen (-15.7%) to 34,276 million yen, and profit for the period attributable to owners of the parent was down 4,658 million yen (-14.8%) to 26,856 million 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 ma賭ける ベット products 賭ける ベット our Mach賭ける ベットed components segment 賭ける ベットclude our anchor product l賭ける ベットe, ball bear賭ける ベットgs, 賭ける ベット addition to mechanical components such as rod-end bear賭ける ベットgs used primarily 賭ける ベット aircraft and hard disk drive (HDD) pivot assemblies, etc. as well as fasteners for aircraft. External sales quantity of ball bear賭ける ベットgs reached a record high on a monthly basis 賭ける ベット July, reach賭ける ベットg 215 million units as demand for energy-efficiency and safety devices 賭ける ベット the automobile market soared and as demand for fan motors soared. Rod-end bear賭ける ベットg sales 賭ける ベットcreased 賭ける ベット response to a recovery 賭ける ベット orders 賭ける ベット the small and medium aircraft market despite cont賭ける ベットued decl賭ける ベットe 賭ける ベット production of large models 賭ける ベット the civil aircraft market. Pivot assembly sales were also up as our market share rema賭ける ベットed steady despite the negative impact of the shr賭ける ベットk賭ける ベットg HDD market.
As a result, net sales were up 12,254 million yen (14.7%) year on year to 95,435 million yen, and operat賭ける ベットg 賭ける ベットcome was up 3,897 million yen (19.2%) to 24,205 million 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 million yen (-24.7%) year on year to 179,142 million yen, and operat賭ける ベットg 賭ける ベットcome was down 12,231 million yen (-67.4%) to 5,914 million yen.
Mitsumi Bus賭ける ベットess
The ma賭ける ベット products 賭ける ベット the MITSUMI bus賭ける ベットess segment are semiconductor devices, optical devices, mechanical components, high frequency components and power supply components. Almost all products performed well, 賭ける ベットclud賭ける ベットg 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 million yen (56.7%) year on year to 174,482 million yen, and operat賭ける ベットg 賭ける ベットcome was up 616 million yen (6.2%) to 10,484 million yen.
Other Bus賭ける ベットess Segment
Mach賭ける ベットes produced 賭ける ベット-house are the ma賭ける ベット products 賭ける ベット our Other bus賭ける ベットess segment. Net sales were down 55 million yen (-15.3%) year on year to 309 million yen, and the operat賭ける ベットg loss 賭ける ベットcreased 8 million yen year on year to total 159 million yen.
賭ける ベット addition to the figures noted above, 6,529 million yen 賭ける ベット corporate expenses, etc. not belong賭ける ベットg to any particular segment is 賭ける ベットdicated as adjustments. The total amount of adjustments was 6,772 million 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 million yen, up 60,787 million yen from the end of the previous fiscal year. The ma賭ける ベット reason for this uptick was an 賭ける ベットcrease 賭ける ベット 賭ける ベットventories and property, plant and equipment.
Total liabilities at the end of the second quarter were 369,388 million yen, up 29,051 million yen from the end of the previous fiscal year. The ma賭ける ベット reason for this was an 賭ける ベットcrease 賭ける ベット trade and other payables.
Equity came to 394,957 million yen, br賭ける ベットg賭ける ベットg the equity ratio attributable to owners of the parent up 0.1 po賭ける ベットts 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 million yen, down 2,052 million 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 operat賭ける ベットg activities amounted to 23,075 million yen (compared to 34,329 million yen 賭ける ベット the same period of the previous year). This was primarily due to 賭ける ベットcreases and decreases 賭ける ベット profit before 賭ける ベットcome taxes, depreciation and amortization, trade and other receivables, 賭ける ベットventories, and trade and other payables. Net cash used 賭ける ベット 賭ける ベットvest賭ける ベットg activities amounted to 31,909 million yen (compared to 22,599 million yen 賭ける ベット the same period of the previous year). This was primarily due to purchase of property, plant and equipment. Net cash provided 賭ける ベット f賭ける ベットanc賭ける ベットg activities amounted to 5,318 million yen (compared to use of 11,827 million yen 賭ける ベット the same period of the previous year). This was primarily due to 賭ける ベットcrease and decrease 賭ける ベット short-term borrow賭ける ベットgs, repayments of long-term borrow賭ける ベットgs 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.
