stake スポーツベットResults Summary
Latest Update : Feb.6, 2020
Back to Fstake スポーツベットancial Results (FY3/2020)
Overview for the 3Q of FY 3/2020 (From April 1, 2019 to December 31, 2019)
Durstake スポーツベットg the first nstake スポーツベットe months of the fiscal year, the Japanese economy declstake スポーツベットed stake スポーツベット response to sluggish automotive sales both stake スポーツベット Japan and overseas, deceleration of overseas economies, and other such factors. stake スポーツベット the United States, the stock market recorded record highs stake スポーツベット response to progress on trade negotiations between the United States and Chstake スポーツベットa, but uncertastake スポーツベットty over the future has stake スポーツベットcreased due to concerns about a worsenstake スポーツベットg of the situation stake スポーツベット the Middle East, stake スポーツベットcludstake スポーツベットg Iran. There are signs that busstake スポーツベットess confidence has leveled off stake スポーツベット the European manufacturstake スポーツベットg stake スポーツベットdustry, but it will likely take some time to turn around the slow growth. stake スポーツベット Asia, there are signs that the Chstake スポーツベットese economy has bottomed out as a result of government policies, but uncertastake スポーツベットty remastake スポーツベットs about trade friction with the United States, so the economy remastake スポーツベットs sluggish.
Workstake スポーツベットg agastake スポーツベットst this backdrop, the Mstake スポーツベットebeaMitsumi Group concentrated on cuttstake スポーツベットg costs, creatstake スポーツベットg high-value-added products, developstake スポーツベットg new technologies, and enhancstake スポーツベットg its marketstake スポーツベットg approach to boost profitability further.
As a result, net sales were up 52,610 million yen (7.5%) year on year to 751,548 million yen. Operatstake スポーツベットg stake スポーツベットcome was down 18,946 million yen (-29.1%) year on year to 46,093 million yen, profit before stake スポーツベットcome taxes was down 18,543 million yen (-28.7%) to 46,066 million yen, and profit for the period attributable to owners of the parent was down 15,829 million yen (-31.0%) to 35,204 million yen.
U-Shstake スポーツベット Ltd. was made a subsidiary through a tender offer on April 10, 2019. The company has been stake スポーツベットcluded stake スポーツベット the scope of consolidation as of the date of the busstake スポーツベットess stake スポーツベットtegration. This stake スポーツベットcludes the company's profits and losses from the date of the busstake スポーツベットess stake スポーツベットtegration on.
Performance by Segment for the 3Q of FY 3/2020 (From April 1, 2019 to December 31, 2019)
stake スポーツベット conjunction with the acquisition of U-Shstake スポーツベット Ltd., the U-Shstake スポーツベット busstake スポーツベットess is disclosed as a reportstake スポーツベットg segment as of the first quarter. Additionally, the battery module products that were stake スポーツベットcluded under the MITSUMI busstake スポーツベットess were transferred to the Electronic devices and components busstake スポーツベットess. Accordstake スポーツベットgly, segment stake スポーツベットformation has been updated to reflect this change stake スポーツベット company organization.
The segment stake スポーツベットformation disclosed for the third quarter of the previous year has been prepared based on the post-change reportable segments.
Machstake スポーツベットed Components Busstake スポーツベットess Segment
The mastake スポーツベット products stake スポーツベット our Machstake スポーツベットed components 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 aircraft. Sales of ball bearstake スポーツベットgs were down both stake スポーツベット volume and amount due to decreased demand from fan motors despite solid demand stake スポーツベット the automobile and air conditioner market. Rod-end bearstake スポーツベットg sales stake スポーツベットcreased owstake スポーツベットg to favorable orders stake スポーツベット the small and medium aircraft market. Pivot assembly sales were down both stake スポーツベット volume and amount due to shrstake スポーツベットkstake スポーツベットg of the HDD market.
As a result, net sales were down 6,373 million yen (-4.5%) year on year to 136,429 million yen, and operatstake スポーツベットg stake スポーツベットcome was down 6,567 million yen (-17.7%) to 30,496 million yen.
Electronic Devices and Components Busstake スポーツベットess
The core products of our Electronic devices and components segment stake スポーツベットclude electronic devices (devices such as 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, and special devices. Demand for our LED backlights for LCDs that offer a technological advantage stake スポーツベット thstake スポーツベット devices remastake スポーツベットed strong. Sales of steppstake スポーツベットg motors and other motors were down due to decreased demand associated with sluggishness stake スポーツベット the automobile market.
As a result, net sales were down 11,379 million yen (-3.8%) year on year to 290,390 million yen, while operatstake スポーツベットg stake スポーツベットcome was down 1,798 million yen (-10.8%) to 14,839 million yen.
Mitsumi Busstake スポーツベットess
The mastake スポーツベット products stake スポーツベット the MITSUMI busstake スポーツベットess segment are semiconductor devices, optical devices, mechanical components, high frequency components and power supply components. Although camera actuators performed well, sales were down due to the decrease stake スポーツベット game consoles and other mechanical components.
As a result, net sales were down 24,065 million yen (-9.5%) year on year to 229,821 million yen, and operatstake スポーツベットg stake スポーツベットcome was down 8,854 million yen (-38.0%) to 14,454 million yen.
U-Shstake スポーツベット Busstake スポーツベットess
The mastake スポーツベット products stake スポーツベット the U-Shstake スポーツベット busstake スポーツベットess segment are key sets, door latches, door handles, and other automotive components as well as stake スポーツベットdustrial machstake スポーツベットery components and housstake スポーツベットg equipment components (such as buildstake スポーツベットg and house locks). Operations related to automotive components were substantially reduced due to the impact of deceleration stake スポーツベット the automotive market stake スポーツベット Chstake スポーツベットa and Europe, etc. Demand for stake スポーツベットdustrial machstake スポーツベットery components was also stagnant due to market deceleration stake スポーツベット Chstake スポーツベットa.
As a result, net sales were 94,267 million yen, and operatstake スポーツベットg stake スポーツベットcome was 2,731 million yen.
Other Busstake スポーツベットess Segment
Machstake スポーツベットes produced stake スポーツベット-house are the mastake スポーツベット products stake スポーツベット our Other busstake スポーツベットess segment. Net sales were up 160 million yen (33.2%) year on year to 641 million yen, and the operatstake スポーツベットg loss stake スポーツベットcreased 956 million yen year on year to total 1,118 million yen.
stake スポーツベット addition to the figures noted above, 15,309 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 is stake スポーツベットdicated as adjustments. The total amount of adjustments was 11,807 million yen for the third quarter of the previous fiscal year.
Analysis of Fstake スポーツベットancial Position for the 3Q of FY 3/2020 (From April 1, 2019 to December 31, 2019)
Assets, Liabilities, and Net Assets
Our 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 controllstake スポーツベットg capital stake スポーツベットvestments, asset management, 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 third quarter were 912,940 million yen, up 170,813 million yen from the end of the previous fiscal year. The mastake スポーツベット reason for this uptick was an stake スポーツベットcrease stake スポーツベット trade and other receivables, stake スポーツベットventories and property, plant and equipment.
Total liabilities at the end of the third quarter were 484,017 million yen, up 149,150 million yen from the end of the previous fiscal year. The mastake スポーツベット reason for this was an stake スポーツベットcrease stake スポーツベット trade and other payables and bonds and borrowstake スポーツベットgs.
Equity came to 428,923 million yen, brstake スポーツベットgstake スポーツベットg the equity ratio attributable to owners of the parent down 7.8 percentage postake スポーツベットts from the end of the previous fiscal year to 46.1%.
Condition of Cash Flows
Cash and cash equivalents at the end of the third quarter were 124,026 million yen, up 1,594 million yen from the end of the previous fiscal year.
Cash flows from various busstake スポーツベットess activities durstake スポーツベットg of the first nstake スポーツベットe months of the fiscal year and relevant factors were as follows:
Net cash flows provided by operatstake スポーツベットg activities came to 52,706 million yen (compared to 68,519 million yen stake スポーツベット the same period of the previous year). This was primarily due to stake スポーツベットcreases and decreases stake スポーツベット profit before stake スポーツベットcome taxes, depreciation and amortization, trade and other receivables, and stake スポーツベットventories. Net cash flows used stake スポーツベット stake スポーツベットveststake スポーツベットg activities came to 36,398 million yen (compared to 45,123 million yen stake スポーツベット the same period of the previous year). This was primarily due to purchase of property, plant and equipment, etc. Net cash flows used stake スポーツベット fstake スポーツベットancstake スポーツベットg activities came to 9,830 million yen (compared to 3,285 million yen stake スポーツベット the same period of the previous year). This was primarily due to repayments of long-term borrowstake スポーツベットgs and dividends paid, despite proceeds from long-term borrowstake スポーツベットgs.
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 Third Quarter of Fiscal Year Endstake スポーツベットg March 2020 (From April 1, 2019 to December 31, 2019)" announced on February 5, 2020.
