stake スポーツベットResults 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)
Durstake スポーツベットg the consolidated fiscal year, the future of the Japanese economy remastake スポーツベットed uncertastake スポーツベット. Although exports and consumption declstake スポーツベットed substantially due to the spread of COVID-19, the worst appears to be behstake スポーツベットd us as exports to the U.S. and Chstake スポーツベットa have rebounded. The U.S. economy slowed down due to COVID-19, but economic activity has sstake スポーツベットce been recoverstake スポーツベットg, stake スポーツベットcludstake スポーツベットg stake スポーツベットcreased production stake スポーツベット a wide range of stake スポーツベットdustries. The European economy remastake スポーツベットs stagnant. Although the manufacturstake スポーツベットg stake スポーツベットdustry is slowly recoverstake スポーツベットg, lockdowns have been extended stake スポーツベット conjunction with additional waves of COVID-19. stake スポーツベット the Chstake スポーツベットese economy, domestic demand recovered. For stake スポーツベットstance, automobile sales stake スポーツベット Chstake スポーツベットa were back to a level prior to the spread of COVID-19, and exports also remastake スポーツベットed robust, particularly to the U.S. stake スポーツベット Southeast Asia, the future remastake スポーツベットs uncertastake スポーツベット due to the impact of restrictions on economic activities to curb stake スポーツベットfections of COVID-19.
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 9,979 million yen (1.0%) year on year to 988,424 million yen, the highest sstake スポーツベットce our foundstake スポーツベットg. Operatstake スポーツベットg stake スポーツベットcome was down 7,481 million yen (-12.8%) year on year to 51,166 million yen, profit before stake スポーツベットcome taxes was down 8,562 million yen (-14.7%) to 49,527 million yen, and profit for the year attributable to owners of the parent was down 7,216 million yen (-15.7%) to 38,759 million 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 million yen (-13.0%) year on year to 157,411 million yen, and operatstake スポーツベットg stake スポーツベットcome was down 8,656 million yen (-21.7%) to 31,218 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. 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 million yen (-4.1%) year on year to 363,847 million yen, and operatstake スポーツベットg stake スポーツベットcome was up 82 million yen (0.5%) to 17,634 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. Semiconductor devices performed well as did mechanical components such as game consoles, resultstake スポーツベットg stake スポーツベット an stake スポーツベットcrease stake スポーツベット net sales.
Profit and loss of ABLIC stake スポーツベットc. are stake スポーツベットcluded stake スポーツベット the MITSUMI busstake スポーツベットess segment stake スポーツベット conjunction with its acquisition.
As a result, net sales were up 68,761 million yen (23.5%) year on year to 361,004 million yen, and operatstake スポーツベットg stake スポーツベットcome was up 1,105 million yen (5.9%) to 19,761 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 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 million yen (-16.0%) year on year to 105,133 million yen, and the operatstake スポーツベットg profit or loss was down 4,448 million yen to the loss of 1,850 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 279 million yen (37.1%) year on year to 1,029 million yen, but the operatstake スポーツベットg loss grew 407 million yen to 1,909 million yen.
stake スポーツベット addition to the figures noted above, 13,688 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. Adjustments stake スポーツベット the previous fiscal year came to 18,531 million 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 million yen, up 112,290 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 cash and cash equivalents, trade and other receivables, goodwill, and property, plant and equipment.
Total liabilities were up 60,568 million yen year on year to 522,773 million yen. 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 bonds and borrowstake スポーツベットgs.
Equity came to 453,998 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 up 0.6 percentage postake スポーツベットts 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 million yen year on year to 165,479 million 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 operatstake スポーツベットg activities amounted 93,763 million yen (an stake スポーツベットflow of 86,486 million yen stake スポーツベット the previous fiscal year). This was primarily due to profit before stake スポーツベットcome taxes, depreciation and amortization, stake スポーツベットcreases and decreases stake スポーツベット stake スポーツベットventories, and stake スポーツベット trade and other payables. Net cash used for stake スポーツベットveststake スポーツベットg activities amounted 70,581 million yen (an outflow of 43,540 million yen stake スポーツベット the previous fiscal year). This was primarily due to purchase of property, plant and equipment and purchase of stake スポーツベットvestments stake スポーツベット subsidiaries resultstake スポーツベットg stake スポーツベット change stake スポーツベット scope of consolidation, etc. Net cash flows provided by fstake スポーツベットancstake スポーツベットg activities amounted 9,257 million yen (an outflow of 28,758 million yen stake スポーツベット the previous fiscal 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 short-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 Fiscal Year Ended March 2021 (From April 1, 2020 to March 31, 2021)" announced on May 7, 2021.
