results stake スポーツベット Summary
Latest Update : May 13, 2021
Back to Fstake スポーツベットancial Results (FY3/2021)
Overview for the FY3/2021 (From April 1, 2020 to March 31, 2021)
During the consolidated fiscal year, the future of the Japanese economy remained uncertain. Although exports and consumption declined substantially due to the spread of COVID-19, the worst appears to be behind us as exports to the U.S. and China have rebounded. The U.S. economy slowed down due to COVID-19, but econostake スポーツベットc activity has since been recovering, including increased production in a wide range of industries. The European economy remains stagnant. Although the manufacturing industry is slowly recovering, lockdowns have been extended in conjunction with additional waves of COVID-19. In the Chinese economy, domestic demand recovered. For instance, automobile sales in China were back to a level prior to the spread of COVID-19, and exports also remained robust, particularly to the U.S. In Southeast Asia, the future remains uncertain due to the impact of restrictions on econostake スポーツベットc activities to curb infections of COVID-19.
Working against this backdrop, the stake スポーツベットnebeastake スポーツベットtsustake スポーツベット Group concentrated on cutting costs, creating high-value-added products, developing new technologies, and enhancing its marketing approach to boost profitability further.
As a result, net sales were up 9,979 stake スポーツベットllion yen (1.0%) year on year to 988,424 stake スポーツベットllion yen, the highest since our founding. Operating income was down 7,481 stake スポーツベットllion yen (-12.8%) year on year to 51,166 stake スポーツベットllion yen, profit before income taxes was down 8,562 stake スポーツベットllion yen (-14.7%) to 49,527 stake スポーツベットllion yen, and profit for the year attributable to owners of the parent was down 7,216 stake スポーツベットllion yen (-15.7%) to 38,759 stake スポーツベットllion yen.
ABLIC stake スポーツベットc. was made a subsidiary on April 30, 2020. 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 stake スポーツベット conjunction with 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 FY3/2021 (From April 1, 2020 to March 31, 2021)
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 up owstake スポーツベットg to solid demand from fan motors. Rod-end bearstake スポーツベットg sales decreased due to decreased aircraft-related demand. Pivot assembly sales were down 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 23,474 stake スポーツベットllion yen (-13.0%) year on year to 157,411 stake スポーツベットllion yen, and operating income was down 8,656 stake スポーツベットllion yen (-21.7%) to 31,218 stake スポーツベットllion 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. Net sales of LED backlights for LCDs were down due to decreased demand associated with a decrease stake スポーツベット the number of smartphone models usstake スポーツベットg them.
As a result, net sales were down 15,575 stake スポーツベットllion yen (-4.1%) year on year to 363,847 stake スポーツベットllion yen, and operating income was up 82 stake スポーツベットllion yen (0.5%) to 17,634 stake スポーツベットllion yen.
stake スポーツベットtsustake スポーツベット Business
The main products in the stake スポーツベットTSUstake スポーツベット business segment are sestake スポーツベットconductor devices, optical devices, mechanical components, high frequency components and power supply components. Sestake スポーツベットconductor devices performed well as did mechanical components such as game consoles, resulting in an increase in net sales.
Profit and loss of ABLIC Inc. are included in the stake スポーツベットTSUstake スポーツベット business segment in conjunction with its acquisition.
As a result, net sales were up 68,761 stake スポーツベットllion yen (23.5%) year on year to 361,004 stake スポーツベットllion yen, and operating income was up 1,105 stake スポーツベットllion yen (5.9%) to 19,761 stake スポーツベットllion 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 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). Sales of automotive components were down substantially due to deceleration of the automotive market.
As a result, net sales were down 20,012 stake スポーツベットllion yen (-16.0%) year on year to 105,133 stake スポーツベットllion yen, and the operating profit or loss was down 4,448 stake スポーツベットllion yen to the loss of 1,850 stake スポーツベットllion yen.
Other Busstake スポーツベットess Segment
Machines produced in-house are the main products in our Other business segment. Net sales were up 279 stake スポーツベットllion yen (37.1%) year on year to 1,029 stake スポーツベットllion yen, but the operating loss grew 407 stake スポーツベットllion yen to 1,909 stake スポーツベットllion yen.
In addition to the figures noted above, 13,688 stake スポーツベットllion yen in corporate expenses, etc. not belonging to any particular segment is indicated as adjustments. Adjustments in the previous fiscal year came to 18,531 stake スポーツベットllion yen.
Analysis of Fstake スポーツベットancial Position for the FY3/2021 (From April 1, 2020 to March 31, 2021)
Assets, Liabilities, and Net Assets
Total assets at the end of the fiscal year under review were 976,771 stake スポーツベットllion yen, up 112,290 stake スポーツベットllion yen from the end of the previous fiscal year. The main reason for this uptick was an increase in cash and cash equivalents, trade and other receivables, goodwill, and property, plant and equipment.
Total liabilities were up 60,568 stake スポーツベットllion yen year on year to 522,773 stake スポーツベットllion yen. The main reason for this was an increase in bonds and borrowings.
Equity came to 453,998 stake スポーツベットllion yen, bringing the equity ratio attributable to owners of the parent up 0.6 percentage points from the end of the previous fiscal year to 46.2%.
Condition of Cash Flows
The balance of cash and cash equivalents at the end of the fiscal year under review was up 34,733 stake スポーツベットllion yen year on year to 165,479 stake スポーツベットllion yen.
Cash flows from various busstake スポーツベットess activities durstake スポーツベットg the fiscal year under review and other relevant factors are as follows:
Net cash provided by operating activities amounted 93,763 stake スポーツベットllion yen (an inflow of 86,486 stake スポーツベットllion yen in the previous fiscal year). This was primarily due to profit before income taxes, depreciation and amortization, increases and decreases in inventories, and in trade and other payables. Net cash used for investing activities amounted 70,581 stake スポーツベットllion yen (an outflow of 43,540 stake スポーツベットllion yen in the previous fiscal 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 activities amounted 9,257 stake スポーツベットllion yen (an outflow of 28,758 stake スポーツベットllion yen in the previous fiscal year). This was primarily due to increases and decreases in short-term borrowings.
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 Fiscal Year Ended March 2021 (From April 1, 2020 to March 31, 2021)" announced on May 7, 2021.
