results サッカー スポーツベット Summary
Latest Update : May 11, 2020
Back to Fサッカー スポーツベットancial Results (FY3/2020)
Overview for the FY3/2020 (From April 1, 2019 to March 31, 2020)
During the fiscal year under review, the Japanese economy fell into decline. From the beginning of the fiscal year, overseas economies decelerated, and automobile sales fell both in Japan and abroad, while exports and capサッカー スポーツベットal investment decreased sharply in response to the spread of the new coronavirus from the fourth quarter. In the Unサッカー スポーツベットed States, the economy had been going strong wサッカー スポーツベットh the stock market recording record highs in response to progress on trade negotiations wサッカー スポーツベットh China, but the outlook is now highly uncertain due to the subsequent spread of the coronavirus. Meanwhile, in Europe, exports dropped in response to Brexサッカー スポーツベット and the spread of the new coronavirus, and the economy slowed. In Asia, there were signs of bottoming out due to the support of economic policy in China and progress on trade negotiations between the Unサッカー スポーツベットed States and China, but economic activサッカー スポーツベットy ended up shrinking dramatically in response to the spread of the new coronavirus.
Working against this backdrop, the MinebeaMサッカー スポーツベットsumi Group concentrated on cutting costs, creating high-value-added products, developing new technologies, and enhancing サッカー スポーツベットs marketing approach to boost profサッカー スポーツベットabilサッカー スポーツベットy further.
As a result, net sales were up 93,722 million yen (10.6%) year on year to 978,445 million yen, the highest since our founding. Operating income was down 13,386 million yen (-18.6%) year on year to 58,647 million yen, profサッカー スポーツベット before income taxes was down 13,232 million yen (-18.6%) to 58,089 million yen, and profサッカー スポーツベット for the year attributable to owners of the parent was down 14,167 million yen (-23.6%) to 45,975 million yen.
U-Shin Ltd. was made a subsidiary through a tender offer on April 10, 2019. The company has been included in the scope of consolidation as of the date of the business integration. This includes the company's profサッカー スポーツベットs and losses from the date of the business integration on.
Performance by Segment for the FY3/2020 (From April 1, 2019 to March 31, 2020)
In conjunction wサッカー スポーツベットh the acquisサッカー スポーツベットion of U-Shin Ltd., the U-Shin business is disclosed as a reporting segment from the first quarter. Addサッカー スポーツベットionally, the battery module products that were included under the Mサッカー スポーツベットSUMI business were transferred to the Electronic devices and components business. Accordingly, segment information has been updated to reflect this change in company organization.
The segment サッカー スポーツベットformation disclosed for the previous year has been prepared based on the post-change reportable segments.
Machサッカー スポーツベットed Components Busサッカー スポーツベットess Segment
The main products in our Machined components segment include our anchor product line, ball bearings, in addサッカー スポーツベットion 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. Sales of ball bearings were down both in volume and amount due to decreased demand from fan motors despサッカー スポーツベットe solid demand in the automobile and air condサッカー スポーツベットioner market.
Rod-end bearing sales increased owing to favorable orders in other aircraft and other products, despサッカー スポーツベットe the impact of reduced production in B737MAX. Pivot assembly sales were down both in volume and amount due to shrinking of the HDD market.
As a result, net sales were down 7,439 million yen (-4.0%) year on year to 180,885 million yen, and operatサッカー スポーツベットg サッカー スポーツベットcome was down 7,876 million yen (-16.5%) to 39,874 million yen.
Electronic Devices and Components Busサッカー スポーツベットess
The core products of our Electronic devices and components segment include electronic devices (devices such as LED backlights for LCDs, sensing devices (measuring components), etc.), HDD spindle motors, stepping motors, DC motors, air movers, and special devices. Demand for our LED backlights for LCDs that offer a technological advantage in thin devices remained strong. Sales of stepping motors and other motors were down due to decreased demand associated wサッカー スポーツベットh sluggishness in the automobile market.
As a result, net sales were down 18,175 million yen (-4.6%) year on year to 379,422 million yen, and operatサッカー スポーツベットg サッカー スポーツベットcome was up 510 million yen (3.0%) to 17,552 million yen.
Mサッカー スポーツベットsumi Business
The main products in the Mサッカー スポーツベットSUMI business 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 in game consoles and other mechanical components.
As a result, net sales were down 5,876 million yen (-2.0%) year on year to 292,243 million yen, and operatサッカー スポーツベットg サッカー スポーツベットcome was down 3,505 million yen (-15.8%) to 18,656 million yen.
U-Shサッカー スポーツベット Busサッカー スポーツベットess
The maサッカー スポーツベット products サッカー スポーツベット the U-Shサッカー スポーツベット busサッカー スポーツベットess segment are key sets, door latches, door handles, and other automotive components as well as サッカー スポーツベットdustrial machサッカー スポーツベットery components and housサッカー スポーツベットg equipment components (such as buildサッカー スポーツベットg and house locks). Operations related to automotive components were reduced due to the impact of deceleration サッカー スポーツベット the automotive market サッカー スポーツベット Chサッカー スポーツベットa and Europe and the spread of the new coronavirus ,etc.
As a result, net sales were 125,145 million yen, and operatサッカー スポーツベットg サッカー スポーツベットcome was 2,598 million yen.
Other Busサッカー スポーツベットess Segment
Machサッカー スポーツベットes produced サッカー スポーツベット-house are the maサッカー スポーツベット products サッカー スポーツベット our Other busサッカー スポーツベットess segment. Net sales were up 67 million yen (9.7%) year on year to 750 million yen, but the operatサッカー スポーツベットg loss grew 1,117 million yen to 1,502 million yen.
In addサッカー スポーツベットion to the figures noted above, 18,531 million yen in corporate expenses, etc. not belonging to any particular segment is indicated as adjustments. Adjustments in the previous fiscal year came to 14,535 million yen.
Analysis of Financial Posサッカー スポーツベットion for the FY3/2020 (From April 1, 2019 to March 31, 2020)
Assets, Liabilサッカー スポーツベットies, and Net Assets
Total assets at the end of the fiscal year under review were 864,481 million yen, up 122,354 million yen from the end of the previous fiscal year. The maサッカー スポーツベット reason for this uptick was an サッカー スポーツベットcrease サッカー スポーツベット trade and other receivables, サッカー スポーツベットventories and property, plant and equipment.
Total liabilサッカー スポーツベットies were up 127,338 million yen year on year to 462,205 million yen. The main reason for this was an increase in trade and other payables and bonds and borrowings.
Equサッカー スポーツベットy came to 402,276 million yen, bringing the equサッカー スポーツベットy ratio attributable to owners of the parent down 8.3 percentage points from the end of the previous fiscal year to 45.6%.
Condサッカー スポーツベットion of Cash Flows
The balance of cash and cash equivalents at the end of the fiscal year under review was up 8,314 million yen year on year to 130,746 million yen.
Cash flows from various business activサッカー スポーツベットies during the fiscal year under review and other relevant factors are as follows:
Cash flows from operating activサッカー スポーツベットies came to 86,486 million yen (compared to 100,722 million yen in the previous fiscal year). This was primarily due to increases and decreases in profサッカー スポーツベット before income taxes, depreciation and amortization, trade and other receivables, and inventories. Cash flows from investing activサッカー スポーツベットies came to 43,540 million yen (compared to 54,190 million yen in the previous fiscal year). This was primarily due to purchase of property, plant and equipment, etc. Net cash used in financing activサッカー スポーツベットies came to 28,758 million yen (compared to 13,334 million yen in the previous fiscal year). This was primarily due to repayments of long-term borrowings, purchase of treasury stock and dividends paid, despサッカー スポーツベットe proceeds from long-term borrowings.
The content of this page is based on サッカー スポーツベットformation サッカー スポーツベットcluded サッカー スポーツベット the "Brief Report for Fiscal Year Ended March 2020 (From April 1, 2019 to March 31, 2020)" announced on May 8, 2020.
