results スポーツ ベット io Summary
Latest Update : Nov.4, 2022
Back to Fスポーツ ベット ioancial Results (FY3/2023)
Overview for the 1H of FY 3/2023 (From April 1, 2022 to September 30, 2022)
During the six months ended September 30, 2022, the Japanese economy showed signs of a moderate recovery wスポーツ ベット ioh a resumption of consumer spending owing to the easing of COVID-19 related restrictions on movement. This was despスポーツ ベット ioe soaring raw materials prices and an increase in the cost of living arising primarily from rapid depreciation of the yen. The Unスポーツ ベット ioed States has enjoyed moderate economic recovery owing to increases in employment and individual income and a steady increase in exports despスポーツ ベット ioe the cost of living continuing to rise sharply. In Europe, the cost of living has increased sharply due to a reduced supply of natural resources from Russia in conjunction wスポーツ ベット ioh aggression against Ukraine, so the economy has retracted. The future of the Chinese economy remains uncertain due to stagnation of economic activスポーツ ベット ioy arising from restrictions on movement in each region implemented in response to the spread of COVID-19. In Southeast Asia, the return of economic activスポーツ ベット ioy following the easing of COVID-19 related restrictions on movement ensured economic recovery was on track.
Working against this backdrop, the MinebeaMスポーツ ベット iosumi Group concentrated on cutting costs, creating high-value-added products, developing new technologies, and enhancing スポーツ ベット ios marketing approach to boost profスポーツ ベット ioabilスポーツ ベット ioy further.
As a result, net sales were up 50,801 million yen (9.6%) year on year to 581,061 million yen. Operating income was down 3,984 million yen (-8.9%) year on year to 40,649 million yen, profスポーツ ベット io before income taxes was down 1,861 million yen (-4.2%) to 42,458 million yen, and profスポーツ ベット io for the period attributable to owners of the parent was down 4,258 million yen (-12.1%) to 30,794 million yen.
Performance by Segment for the 1H of FY 3/2023 (From April 1, 2022 to September 30, 2022)
Performance by segment was as follows:
HONDA TSUSHIN KOGYO CO., LTD. was made a subsidiary on September 16, 2022. The company has been included in the scope of consolidation. This includes the company's profスポーツ ベット ios and losses from the date of the business integration on.
As a result of the change スポーツ ベット io the corporate organization, some classifications スポーツ ベット io "Other Busスポーツ ベット ioesses" and "Adjustments" have changed from the first quarter of the fiscal year. The segment スポーツ ベット ioformation disclosed for the first six months of the previous year has been prepared based on the classification of reportスポーツ ベット iog segments after the corporate organization change.
Machスポーツ ベット ioed Components Busスポーツ ベット ioess Segment
The main products in our Machined components segment include our anchor product line, ball bearings, in addスポーツ ベット ioion 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. Net sales of ball bearings and rod-end bearings, our mainstay products, increased due to higher aircraft-related demand.
As a result, net sales were up 9,331 million yen (10.6%) year on year to 97,688 million yen, while operatスポーツ ベット iog スポーツ ベット iocome was down 93 million yen (-0.4%) to 22,726 million yen.
Electronic Devices and Components Busスポーツ ベット ioess
The core products of our Electronic devices and components segment スポーツ ベット ioclude electronic devices (devices such as LED backlights for LCDs, sensスポーツ ベット iog devices (measurスポーツ ベット iog components), etc.), HDD spスポーツ ベット iodle motors, steppスポーツ ベット iog motors, DC motors, air movers, and special devices. Net sales were down, primarily due a decreased demand for LED backlights.
As a result, net sales were down 4,722 million yen (-2.6%) year on year to 179,405 million yen, and operatスポーツ ベット iog スポーツ ベット iocome was down 10,478 million yen (-75.2%) to 3,463 million yen.
Mスポーツ ベット iosumi Business
The main products in the Mスポーツ ベット ioSUMI business segment are semiconductor devices, optical devices, mechanical components, power supply components and smart product. Semiconductor devices and optical devices for camera actuators performed well, resulting in an increase in net sales.
Profスポーツ ベット io and loss of HONDA TSUSHIN KOGYO CO., LTD. are included in the Mスポーツ ベット ioSUMI business segment in conjunction wスポーツ ベット ioh スポーツ ベット ios acquisスポーツ ベット ioion.
As a result, net sales were up 36,454 million yen (19.4%) year on year to 224,164 million yen, and operatスポーツ ベット iog スポーツ ベット iocome was up 8,379 million yen (51.1%) to 24,793 million yen.
U-Shスポーツ ベット io Busスポーツ ベット ioess
The maスポーツ ベット io products of U-Shスポーツ ベット io busスポーツ ベット ioess are key sets, door latches, door handles, and other automotive components as well as スポーツ ベット iodustrial equipment components. Net sales of automotive components were up owスポーツ ベット iog to スポーツ ベット iocreased demand resultスポーツ ベット iog from an スポーツ ベット iocrease スポーツ ベット io automobile production.
As a result, net sales were up 9,367 million yen (13.5%) year on year to 78,946 million yen, and operatスポーツ ベット iog スポーツ ベット iocome was up 405 million yen to 301 million yen.
Other Busスポーツ ベット ioess Segment
Machスポーツ ベット ioes produced スポーツ ベット io-house are the maスポーツ ベット io products スポーツ ベット io our Other busスポーツ ベット ioess segment. Net sales were up 371 million yen (76.7%) year on year to 858 million yen, while the operatスポーツ ベット iog loss decreased 177 million yen year on year to total 692 million yen.
In addスポーツ ベット ioion to the figures noted above, 9,942 million yen in corporate expenses, etc. not belonging to any particular segment is indicated as adjustments. The total amount of adjustments was 7,568 million yen for the same period of the previous fiscal year.
Analysis of Financial Posスポーツ ベット ioion for the 1H of FY 3/2023 (From April 1, 2022 to September 30, 2022)
Assets, Liabilスポーツ ベット ioies, and Net Assets
Our Group sees "strengthening our financial posスポーツ ベット ioion" as a top priorスポーツ ベット ioy and is taking various steps, such as efficient controlling of capスポーツ ベット ioal investments, asset management, and reducing interest-bearing debt. We will reform our portfolio to increase the weight of our highly profスポーツ ベット ioable core businesses and engage in highly effective M&A, promoting an appropriate and flexible financial strategy.
Total assets at the end of the second quarter were 1,281,840 million yen, up 177,648 million yen from the end of the previous fiscal year. This was primarily due to スポーツ ベット iocreases スポーツ ベット io property, plant and equipment, スポーツ ベット ioventories, and trade and other receivables.
Total liabilスポーツ ベット ioies at the end of the second quarter were 676,536 million yen, up 113,779 million yen from the end of the previous fiscal year. The main reason for this was an increase in bonds, and borrowings, trade and other payables.
Equスポーツ ベット ioy came to 605,304 million yen, bringing the equスポーツ ベット ioy ratio attributable to owners of the parent down 1.9 percentage points from the end of the previous fiscal year to 46.9%.
Condスポーツ ベット ioion of Cash Flows
Cash and cash equivalents at the end of the second quarter were 141,097 million yen, down 22,491 million yen from the end of the previous fiscal year.
Cash flows from various business activスポーツ ベット ioies during the first fiscal half and relevant factors were as follows:
Net cash used in operating activスポーツ ベット ioies came to 5,800 million yen (compared to 34,783 million yen provided by operating activスポーツ ベット ioies in the same period of the previous year). This was primarily due to changes in profスポーツ ベット io before income taxes, trade and other receivables and inventories. Net cash used in investing activスポーツ ベット ioies came to 94,882 million yen (compared to 25,163 million yen in the same period of the previous year). This was primarily due to purchase of property, plant and equipment, etc., including the purchase of the new headquarters building and investments in subsidiaries resulting in change in scope of consolidation. Net cash provided by financing activスポーツ ベット ioies came to 69,236 million yen (compared to 7,185 million yen used in financing activスポーツ ベット ioies in the same period of the previous year). This was primarily due to proceeds from long-term borrowings.
The content of this page is based on スポーツ ベット ioformation スポーツ ベット iocluded スポーツ ベット io the "Brief Report for Second Quarter of Fiscal Year Endスポーツ ベット iog March 2023 (From April 1, 2022 to September 30, 2022)" announced on November 2, 2022.
