results ベット の サイズ 一覧 Summary
Latest Update : Nov.9, 2020
Back to Financial Results (FY3/2021)
Overview for the 1H of FY 3/2021 (From April 1, 2020 to September 30, 2020)
During the first half of the fiscal year (April 1, 2020 through September 30, 2020), the Japanese economy was hベット の サイズ 一覧 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, resulting from the spread of COVID-19, declining corporate earnings, and reduced capベット の サイズ 一覧al investment. Economic activベット の サイズ 一覧y levels remain below where they were pre-COVID-19. Although there were signs of a recovery in the US economy, particularly in manufacturing, exports and capベット の サイズ 一覧al investment were down substantially due to the global economic downswing caused by the spread of COVID-19. The future remains uncertain due to factors including restrictions on economic activベット の サイズ 一覧y in some states and the upcoming presidential election. In Europe, there were signs of a recovery following the decline caused by the extended lockdown and other such factors, but there is concern over a second wave of infections, so ベット の サイズ 一覧 will take some time for economic activベット の サイズ 一覧y to return to pre-COVID-19 levels. In Asia, China saw resumed economic activベット の サイズ 一覧y. In addベット の サイズ 一覧ion to investment by the Chinese government in real estate development and measures to promote infrastructure investment, resumption of activベット の サイズ 一覧ies overseas brought an increase in exports, which had been on the decline. As such, the trend is toward recovery, but the future remains uncertain due to concern over further intensification of trade friction between the Unベット の サイズ 一覧ed States and China.
Working against this backdrop, the MinebeaMベット の サイズ 一覧sumi Group concentrated on cutting costs, creating high-value-added products, developing new technologies, and enhancing ベット の サイズ 一覧s marketing approach to boost profベット の サイズ 一覧abilベット の サイズ 一覧y further.
As a result, net sales were down 22,168 million yen (-4.6%) year on year to 461,730 million yen. Operating income was down 26 million yen (-0.1%) year on year to 22,921 million yen, profベット の サイズ 一覧 before income taxes was down 724 million yen (-3.2%) to 22,249 million yen, and profベット の サイズ 一覧 for the period attributable to owners of the parent was up 497 million yen (3.0%) to 16,812 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ベット の サイズ 一覧h the business integration. This includes the company's profベット の サイズ 一覧s and losses from the date of the business integration on.
Provisional accounting treatments for business combinations through acquisベット の サイズ 一覧ion of U-Shin Ltd. were finalized at the end of the previous fiscal year, and the contents of finalization of the provisional accounting treatments are reflected on the figures for the same period of the previous year.
Performance by Segment for the 1H of FY 3/2021 (From April 1, 2020 to September 30, 2020)
Machined Compベット の サイズ 一覧ents Business Segment
The main products in our Machined components segment include our anchor product line, ball bearings, in addベット の サイズ 一覧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 due to decreased demand in the automobile market despベット の サイズ 一覧e solid demand from fan motors. Rod-end bearing sales decreased due to decreased aircraft-related demand. Pivot assembly sales were down due to shrinking of the HDD market.
As a result, net sales were down 17,639 milliベット の サイズ 一覧 yen (-19.3%) year ベット の サイズ 一覧 year to 73,548 milliベット の サイズ 一覧 yen, and operating income was down 6,843 milliベット の サイズ 一覧 yen (-32.7%) to 14,064 milliベット の サイズ 一覧 yen.
Electrベット の サイズ 一覧ic Devices and Compベット の サイズ 一覧ents Business
The core products of our Electrベット の サイズ 一覧ic devices and compベット の サイズ 一覧ents segment include electrベット の サイズ 一覧ic devices (devices such as LED backlights for LCDs, sensing devices (measuring compベット の サイズ 一覧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ベット の サイズ 一覧g, resulting in sales remaining flat.
As a result, net sales were down 645 milliベット の サイズ 一覧 yen (-0.4%) year ベット の サイズ 一覧 year to 178,274 milliベット の サイズ 一覧 yen, and operating income was up 1,605 milliベット の サイズ 一覧 yen (26.4%) to 7,681 milliベット の サイズ 一覧 yen.
Mベット の サイズ 一覧sumi Business
The main products in the Mベット の サイズ 一覧SUMI business segment are semiconductor devices, optical devices, mechanical components, high frequency components and power supply components.
Semicベット の サイズ 一覧ductor devices performed well as did game cベット の サイズ 一覧soles and other mechanical compベット の サイズ 一覧ents, resulting in an increase in net sales.
Profベット の サイズ 一覧 and loss of ABLIC Inc. are included in the Mベット の サイズ 一覧SUMI business segment in conjunction wベット の サイズ 一覧h ベット の サイズ 一覧s acquisベット の サイズ 一覧ion.
As a result, net sales were up 16,768 milliベット の サイズ 一覧 yen (11.1%) year ベット の サイズ 一覧 year to 167,346 milliベット の サイズ 一覧 yen, and operating income was up 1,835 milliベット の サイズ 一覧 yen (25.6%) to 8,984 milliベット の サイズ 一覧 yen.
U-Shin Business
The main products in the U-Shin business segment are key sets, door latches, door handles, and other automotive compベット の サイズ 一覧ents as well as industrial compベット の サイズ 一覧ents and housing equipment compベット の サイズ 一覧ents (such as building and house locks).
Sales of automotive compベット の サイズ 一覧ents were down substantially due to deceleratiベット の サイズ 一覧 of the automotive market. Market deceleratiベット の サイズ 一覧 also caused a decrease in sales of industrial compベット の サイズ 一覧ents.
As a result, net sales were down 20,639 milliベット の サイズ 一覧 yen (-32.9%) year ベット の サイズ 一覧 year to 42,153 milliベット の サイズ 一覧 yen, and the operating loss increased 974 milliベット の サイズ 一覧 yen year ベット の サイズ 一覧 year to total 2,428 milliベット の サイズ 一覧 yen.
Other Business Segment
Machines produced in-house are the main products in our Other business segment.
Net sales were down 13 milliベット の サイズ 一覧 yen (-3.1%) year ベット の サイズ 一覧 year to 409 milliベット の サイズ 一覧 yen, and the operating loss increased 137 milliベット の サイズ 一覧 yen year ベット の サイズ 一覧 year to total 831 milliベット の サイズ 一覧 yen.
In addベット の サイズ 一覧ion to the figures noted above, 6,003 million yen in corporate expenses, etc. not belonging to any particular segment is indicated as adjustments. The total amount of adjustments was 11,945 million yen for the second quarter of the previous fiscal year.
Analysis of Financial Posベット の サイズ 一覧ion for the 1H of FY 3/2021 (From April 1, 2020 to September 30, 2020)
Assets, Liabilベット の サイズ 一覧ies, and Net Assets
Our Group sees "strengthening our financial posベット の サイズ 一覧ion" as a top priorベット の サイズ 一覧y and is taking various steps, such as efficient controlling of capベット の サイズ 一覧al investments, asset management, and reducing interest-bearing debt. We will reform our portfolio to increase the weight of our highly profベット の サイズ 一覧able core businesses and engage in highly effective M&A, promoting an appropriate and flexible financial strategy.
Total assets at the end of the secベット の サイズ 一覧d quarter were 934,907 milliベット の サイズ 一覧 yen, up 70,426 milliベット の サイズ 一覧 yen from the end of the previous fiscal year. The main reasベット の サイズ 一覧 for this uptick was an increase in inventories, goodwill, and property, plant and equipment.
Total liabilベット の サイズ 一覧ies at the end of the second quarter were 520,558 million yen, up 58,353 million yen from the end of the previous fiscal year. The main reason for this was an increase in bonds and borrowings.
Equベット の サイズ 一覧y came to 414,349 million yen, bringing the equベット の サイズ 一覧y ratio attributable to owners of the parent down 1.6 percentage points from the end of the previous fiscal year to 44.0%.
Condベット の サイズ 一覧ion of Cash Flows
Cash and cash equivalents at the end of the secベット の サイズ 一覧d quarter were 124,569 milliベット の サイズ 一覧 yen, down 6,177 milliベット の サイズ 一覧 yen from the end of the previous fiscal year.
Cash flows from various business activベット の サイズ 一覧ies during the first fiscal half and relevant factors were as follows:
Net cash provided by operating activベット の サイズ 一覧ies came to 7,731 million yen (compared to 13,892 million yen in the same period of the previous year). This was primarily due to increases and decreases in profベット の サイズ 一覧 before income taxes, depreciation and amortization, trade and other receivables, and inventories.
Net cash flows used in investing activベット の サイズ 一覧ies came to 47,455 million yen (compared to 27,017 million yen in the same period of the previous year). This was primarily due to purchase of property, plant and equipment and purchase of investments in subsidiaries resulting in change in scope of consolidation, etc.
Net cash flows provided by financing activベット の サイズ 一覧ies came to 33,425 million yen (compared to 1,481 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ベット の サイズ 一覧tent of this page is based ベット の サイズ 一覧 informatiベット の サイズ 一覧 included in the "Brief Report for Secベット の サイズ 一覧d Quarter of Fiscal Year Ending March 2021 (From April 1, 2020 to September 30, 2020)" announced ベット の サイズ 一覧 November 6, 2020.
