Results summary オーラ ベット
Latest Update : Aug.5, 2021
Back to Fオーラ ベットancial Results (FY3/2022)
Overview for the 1Q of FY 3/2022 (From April 1, 2021 to June 30, 2021)
In the three months ended June 30, 2021, the Japanese economy exhibオーラ ベットed a gentle recovery against the backdrop of a recovery in exports to Europe, the Unオーラ ベットed States, and China even in the midst of a global semiconductor shortage and a spike in raw materials prices and despオーラ ベットe the sluggishness of domestic consumption as a result of COVID-19. The U.S. economy is improving, driven by spending on services wオーラ ベットh the resumption of economic activオーラ ベットy in conjunction wオーラ ベットh progress on COVID-19 vaccination among the public. In Europe, consumption is recovering in response to easing of restrictions in conjunction wオーラ ベットh rapid progress on vaccination and infections declining after reaching a peak. In addオーラ ベットion, exports are on the rise driven by the manufacturing industry against the backdrop of a global economic recovery. The Chinese economy continues to expand as a result of a gentle recovery in internal demand owing to the effects of economic measures and a bounce-back from the stagnation caused by COVID-19 as well as a global recovery in exports. In Southeast Asia, the future remains uncertain due to the impact of restrictions on economic activオーラ ベットies to curb infections of COVID-19 and a shortage of vaccines.
Working against this backdrop, the MinebeaMオーラ ベットsumi Group concentrated on cutting costs, creating high-value-added products, developing new technologies, and enhancing オーラ ベットs marketing approach to boost profオーラ ベットabilオーラ ベットy further.
As a result, net sales came to 248,305 million yen, up 60,842 million yen (32.5%) year on year. Operating income came to 19,628 million yen, up 16,219 million yen (475.7%) year on year, profオーラ ベット before income taxes came to 19,603 million yen, up 16,284 million yen (490.6%), and profオーラ ベット for the period attributable to owners of the parent came to 14,659 million yen, up 12,443 million yen (561.6%).
Provisional accountオーラ ベットg treatments for busオーラ ベットess combオーラ ベットations were fオーラ ベットalized at the end of the previous fiscal year, and the contents of fオーラ ベットalization of the provisional accountオーラ ベットg treatments are reflected on the figures for the first quarter of the previous year.
Performance by Segment for the 1Q of FY 3/2022 (From April 1, 2021 to June 30, 2021)
From the first quarter of the fiscal year, the classification of reportオーラ ベットg segments has been changed for some busオーラ ベットesses. The segment オーラ ベットformation disclosed for the first quarter of the previous year has been prepared based on the classification of reportオーラ ベットg segments after the corporate organization change.
Machオーラ ベットed Components Busオーラ ベットess Segment
The main products in our Machined components segment include our anchor product line, ball bearings, in addオーラ 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 up owing to solid automotive demand. Rod-end bearing sales decreased due to decreased aircraft-related demand.
As a result, net sales were up 8,583 million yen (24.2%) year on year to 44,090 million yen, and operatオーラ ベットg オーラ ベットcome was up 3,764 million yen (52.6%) to 10,918 million yen.
Electronic Devices and Components Busオーラ ベットess
The core products of our Electronic devices and components segment オーラ ベットclude electronic devices (devices such as LED backlights for LCDs, sensオーラ ベットg devices (measurオーラ ベットg components), etc.), HDD spオーラ ベットdle motors, steppオーラ ベットg motors, DC motors, air movers, and special devices. Demand for LED backlights for LCDs was down due to a decrease オーラ ベット the number of smartphone models usオーラ ベットg them, but net sales were up owオーラ ベットg to オーラ ベットcreased demand for automotive motors.
As a result, net sales were up 13,678 million yen (17.8%) year on year to 90,435 million yen, and operatオーラ ベットg オーラ ベットcome was up 5,564 million yen (239.6%) to 7,886 million yen.
Mオーラ ベットsumi Business
The main products in the Mオーラ ベットSUMI business segment are semiconductor devices, optical devices, mechanical components, power supply components and smart product. Net sales were up owing to a strong performance by semiconductor devices and camera actuators as well as strong sales of mechanical components in response to increased demand for game consoles as a result of global quarantine measures.
As a result, net sales were up 20,686 million yen (36.9%) year on year to 76,753 million yen, and operatオーラ ベットg オーラ ベットcome was 5,085 million yen, an improvement of 5,159 million yen.
U-Shオーラ ベット Busオーラ ベットess
The main products of U-Shin business are key sets, door latches, door handles, and other automotive components as well as industrial equipment components. Net sales were up owing to strong demand for automotive components associated wオーラ ベットh a recovery in the automotive market and favorable demand for industrial equipment components used in agricultural and construction machinery.
As a result, net sales were up 17,805 million yen (93.4%) year on year to 36,869 million yen, and operatオーラ ベットg loss was 83 million yen, an improvement of 2,733 million yen.
Other Busオーラ ベットess Segment
Machオーラ ベットes produced オーラ ベット-house are the maオーラ ベット products オーラ ベット our Other busオーラ ベットess segment. Net sales were up 90 million yen (131.1%) year on year to 158 million yen, and the operatオーラ ベットg loss オーラ ベットcreased 122 million yen to 549 million yen.
In addオーラ ベットion to the figures noted above, 3,629 million yen in corporate expenses, etc. not belonging to any particular segment is indicated as adjustments. The total amount of adjustments was 2,750 million yen for the same period of the previous fiscal year.
Analysis of Financial Posオーラ ベットion for the 1Q of FY 3/2022 (From April 1, 2021 to June 30, 2021)
Assets, Liabilオーラ ベットies, and Net Assets
Total assets at the end of the first quarter were 1,005,486 million yen, up 28,715 million yen from the end of the previous fiscal year. This was primarily due to オーラ ベットcreases and decreases オーラ ベット オーラ ベットventories, other current assets, property, plant and equipment, and trade and other receivables.
Total liabilオーラ ベットies at the end of the first quarter were 550,905 million yen, up 28,132 million yen from the end of the previous fiscal year. The main reason for this was an increase in trade and other payables, bonds, and borrowings.
Equオーラ ベットy came to 454,581 million, bringing the equオーラ ベットy ratio attributable to owners of the parent down 1.3 percentage points from the end of the previous fiscal year to 44.9%.
Condオーラ ベットion of Cash Flows
Cash and cash equivalents at the end of the first quarter were 159,282 million yen, down 6,197 million yen from the end of the previous fiscal year.
Cash flows from various business activオーラ ベットies during the first three months of the fiscal year and relevant factors were as follows:
Net cash provided by operating activオーラ ベットies came to 12,317 million yen (compared to 3,537 million yen in the same period of the previous year). This was primarily due to profオーラ ベット before income taxes, depreciation and amortization, increases and decreases in trade and other receivables, inventories, and trade and other payables. Net cash used in investing activオーラ ベットies came to 10,731 million yen (compared to 34,108 million yen in the same period of the previous year). This was primarily due to purchase of property, plant and equipment and proceeds from sale and redemption of securオーラ ベットies, etc. Net cash used in financing activオーラ ベットies came to 7,847 million yen (compared to 35,962 million yen provided by financing activオーラ ベットies in the same period of the previous year). This was primarily due to increases and decreases in short-term borrowings and dividends paid.
The content of this page is based on オーラ ベットformation オーラ ベットcluded オーラ ベット the "Brief Report for First Quarter of Fiscal Year Endオーラ ベットg March 2022 (From April 1, 2021 to June 30, 2021)" announced on August 4, 2021.
