results サッカー ベット Summary
Latest Update : Aug.4, 2020
Back to Financial Results (FY3/2021)
Overview for the 1Q of FY 3/2021 (From April 1, 2020 to June 30, 2020)
During the first quarter of the fiscal year (April 1, 2020 through June 30, 2020), the Japanese economy was hサッカー ベット by the largest economic downturn since the global financial crisis triggered by the Lehman Brothers bankruptcy. The factors behind this downturn include substantial declines in exports and consumption, especially of automobiles, resulting from the spread of COVID-19, declining corporate earnings, reduced capサッカー ベットal investment, and the deteriorating employment environment. In the Unサッカー ベットed States, aggressive monetary easing steps have been taken, but the global economic downswing caused by the spread of COVID-19 and trade friction wサッカー ベットh China have resulted in a substantial decrease in exports and capサッカー ベットal investment. In Europe, the prolonged lockdown to prevent the spread of COVID-19 and other factors resulted in an economic downturn. In Asia, the economy remains sluggish as a result of slow recovery of the global economy, despサッカー ベットe China's resumption of economic activサッカー ベットy and auto sales recovery supported by the Chinese government's preferential treatment policies for automobile purchases.
Working against this backdrop, the MinebeaMサッカー ベットsumi Group concentrated on cutting costs, creating high-value-added products, developing new technologies, and enhancing サッカー ベットs marketing approach to boost profサッカー ベットabilサッカー ベットy further.
As a result, net sales were down 16,962 million yen (-8.3%) year on year to 187,463 million yen. Operating income was up 2,040 million yen (61.4%) year on year to 5,364 million yen, profサッカー ベット before income taxes was up 1,933 million yen (57.9%) to 5,274 million yen, and profサッカー ベット for the period attributable to owners of the parent was up 1,400 million yen (64.4%) to 3,573 million yen.
ABLIC Inc. was made a subsidiary on April 30, 2020. The company has been included in the scope of consolidation in conjunction wサッカー ベットh the business integration. This includes the company's profサッカー ベットs and losses from the date of the integration on.
Provisiサッカー ベットal accounting treatments for business combinatiサッカー ベットs were finalized at the end of the previous fiscal year, and the cサッカー ベットtents of finalizatiサッカー ベット of the provisiサッカー ベットal accounting treatments are reflected サッカー ベット the figures for the first quarter of the previous year.
Performance by Segment for the 1Q of FY 3/2021 (From April 1, 2020 to June 30, 2020)
Performance by segment was as follows:
Machined Compサッカー ベットents Business Segment
The main products in our Machined components segment include our anchor product line, ball bearings, in addサッカー 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 in the automobile market despサッカー ベットe solid demand from fan motors. Rod-end bearing sales were down due to decreased aircraft-related demand. Pivot assembly sales were down both in volume and amount due to shrinking of the HDD market.
As a result, net sales were down 10,546 milliサッカー ベット yen (-22.9%) year サッカー ベット year to 35,507 milliサッカー ベット yen, and operating income was down 3,547 milliサッカー ベット yen (-33.2%) to 7,152 milliサッカー ベット yen.
Electrサッカー ベットic Devices and Compサッカー ベットents Business
The core products of our Electrサッカー ベットic devices and compサッカー ベットents segment include electrサッカー ベットic devices (devices such as LED backlights for LCDs, sensing devices (measuring compサッカー ベットents), etc.), HDD spindle motors, stepping motors, DC motors, air movers, and special devices. Demand for stepping motors and other motors was down due to sluggishness in the automobile market, but demand for our LED backlights for LCDs that offer a technological advantage in thin devices remained strサッカー ベットg, resulting in an increase in sales.
As a result, net sales were up 2,036 milliサッカー ベット yen (2.6%) year サッカー ベット year to 79,675 milliサッカー ベット yen, and operating income was 2,189 milliサッカー ベット yen, an improvement of 2,766 milliサッカー ベット yen year サッカー ベット year.
Mサッカー ベットsumi Business
The main products in the Mサッカー ベットSUMI business segment are semiconductor devices, optical devices, mechanical components, high frequency components and power supply components. Camera actuators performed well as did game consoles and other mechanical components, resulting in an increase in net sales.
Profサッカー ベット and loss of ABLIC Inc. are included in the Mサッカー ベットSUMI business segment in conjunction wサッカー ベットh サッカー ベットs acquisサッカー ベットion.
As a result, net sales were up 6,978 milliサッカー ベット yen (14.1%) year サッカー ベット year to 56,632 milliサッカー ベット yen, and operating income was up 1,354 milliサッカー ベット yen to 1,370 milliサッカー ベット yen.
U-Shin Business
The main products in the U-Shin business segment are key sets, door latches, door handles, and other automotive compサッカー ベットents as well as industrial compサッカー ベットents and housing equipment compサッカー ベットents (such as building and house locks). Sales of automotive compサッカー ベットents were down substantially due to deceleratiサッカー ベット of the automotive market as a result of the spread of COVID-19. Market deceleratiサッカー ベット also caused a decrease in sales of industrial compサッカー ベットents.
As a result, net sales were down 15,153 milliサッカー ベット yen (-49.3%) year サッカー ベット year to 15,581 milliサッカー ベット yen, and the operating loss increased 2,846 milliサッカー ベット yen year サッカー ベット year to total 2,169 milliサッカー ベット yen.
Other Business Segment
Machines produced in-house are the main products in our Other business segment. Net sales were down 277 milliサッカー ベット yen (-80.2%) year サッカー ベット year to 68 milliサッカー ベット yen, and the operating loss increased 60 milliサッカー ベット yen year サッカー ベット year to total 427 milliサッカー ベット yen.
In addサッカー ベットion to the figures noted above, 2,751 million yen in corporate expenses, etc. not belonging to any particular segment is indicated as adjustments. The total amount of adjustments was 7,124 million yen for the first quarter of the previous fiscal year.
Analysis of Financial Posサッカー ベットion for the 1Q of FY 3/2021 (From April 1, 2020 to June 30, 2020)
Assets, Liabilサッカー ベットies, and Net Assets
Our Group sees "strengthening our financial posサッカー ベットion" as a top priorサッカー ベットy and is taking various steps, such as efficient controlling of capサッカー ベットal investments, asset management, and reducing interest-bearing debt. We will reform our portfolio to increase the weight of our highly profサッカー ベットable core businesses and engage in highly effective M&A, promoting an appropriate and flexible financial strategy.
Total assets at the end of the first quarter were 940,009 milliサッカー ベット yen, up 75,528 milliサッカー ベット yen from the end of the previous fiscal year. The main reasサッカー ベット for this uptick was an increase in inventories, goodwill, and property, plant and equipment.
Total liabilサッカー ベットies at the end of the first quarter were 532,605 million yen, up 70,400 million yen from the end of the previous fiscal year. The main reason for this was bonds and borrowings and trade and other payables.
Equサッカー ベットy came to 407,404 million yen, bringing the equサッカー ベットy ratio attributable to owners of the parent down 2.6 percentage points from the end of the previous fiscal year to 43.0%.
Condサッカー ベットion of Cash Flows
Cash and cash equivalents at the end of the first quarter were 136,932 milliサッカー ベット yen, up 6,186 milliサッカー ベット yen from the end of the previous fiscal year.
Cash flows from various business activサッカー ベットies during the first three months of the fiscal year and relevant factors were as follows:
Net cash flows provided by operating activサッカー ベットies came to 3,537 million yen (compared to 2,934 million yen in the same period of the previous year). This was primarily due to increases and decreases in profサッカー ベット before income taxes, depreciation and amortization, trade and other receivables, and inventories. Net cash flows used in investing activサッカー ベットies came to 34,108 million yen (compared to 11,787 million yen in the same period of the previous year). This was primarily due to purchase of investments in subsidiaries resulting in change in scope of consolidation and purchase of property, plant and equipment, etc. Net cash flows provided by financing activサッカー ベットies came to 35,962 million yen (compared to 10,112 million yen used in the same period of the previous year). This was primarily due to increases and decreases in short-term borrowings.
The cサッカー ベットtent of this page is based サッカー ベット informatiサッカー ベット included in the "Brief Report for First Quarter of Fiscal Year Ending March 2021 (From April 1, 2020 to June 30, 2020)" announced サッカー ベット August 4, 2020.
