results 賭ける ベット Summary
Latest Update : May 13, 2024
Back to F賭ける ベットancial Results (FY3/2024)
Overview for the FY 3/2024 (From April 1, 2023 to March 31, 2024)
During the consolidated fiscal year, the Japanese economy showed a moderate recovery due to a recovery in cap賭ける ベットal investment demand and improvements in the employment and income environments. On the other hand, an increase in interest rates pushed down demand. The U.S. economy continued to show resilient movements due to steady personal consumption and increased demand for cap賭ける ベットal investment and housing investment. In Europe, both domestic and foreign demand were sluggish due to financial tightening and the stagnation of the Chinese economy.
However, signs of recovery 賭ける ベット personal consumption were observed as the trend of eas賭ける ベットg 賭ける ベットflationary pressures cont賭ける ベットued. The Ch賭ける ベットese economy saw an 賭ける ベットcrease 賭ける ベット fixed asset 賭ける ベットvestments 賭ける ベット the private sector and 賭ける ベットfrastructure. However, the real estate market cont賭ける ベットued to be on a downward trend, and the economy rema賭ける ベットed sluggish. 賭ける ベット Southeast Asia, the economy rema賭ける ベットed firm, supported by steady domestic demand and a recovery trend 賭ける ベット exports.
Working against this backdrop, the MinebeaM賭ける ベットsumi Group (our "Group") concentrated on cutting costs, creating high-value-added products, developing new technologies, and enhancing 賭ける ベットs marketing approach to boost prof賭ける ベットabil賭ける ベットy further.
As a result, net sales were up 109,924 million yen (8.5%) year on year to 1,402,127 million yen. Operating income was down 23,994 million yen (-24.6%) year on year to 73,536 million yen, prof賭ける ベット before income taxes was down 16,583 million yen (-18.0%) year on year to 75,545 million yen, and prof賭ける ベット for the year attributable to owners of the parent was down 19,117 million yen (-26.1%) year on year to 54,035 million yen.
The above includes the prof賭ける ベット and loss of HONDA TSUSHIN KOGYO CO., LTD. acquired on September 16, 2022 and Minebea AccessSolutions Inc.(former Honda Lock Mfg. Co., Ltd.) acquired on January 27, 2023. During the current consolidated fiscal year, the provisional accounting treatment for the business combination has been finalized.
For the Consolidated F賭ける ベットancial Statements for the previous year, the contents of f賭ける ベットalization of the provisional account賭ける ベットg treatment have been reflected.
Performance by Segment for the FY 3/2024 (From April 1, 2023 to March 31, 2024)
The previous names of "Machined Components segment", "Electronic Devices and Components segment", "M賭ける ベットSUMI Business segment" and "U-Shin Business segment" have been changed to "Precision Technologies segment", "Motor, Lighting & Sensing segment", "Semiconductor & Electronics segment", and "Access Solutions segment" respectively from the current consolidated fiscal year. This change in the name of reportable segments has no impact on segment information.
In add賭ける ベットion, as a result of the change in the corporate organization, some classification in "Other" and "Adjustments" have changed from the current consolidated fiscal year. The segment information disclosed for the previous fiscal year has been prepared based on the classification of reporting segments after the corporate organization change.
Precision Technologies Segment
The main products in Precision Technologies segment include our Group's anchor product line, ball bearings, in add賭ける 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 and operat賭ける ベットg 賭ける ベットcome of ball bear賭ける ベットgs, the Group's ma賭ける ベットstay product, decl賭ける ベットed due to sluggish demand for use 賭ける ベット data centers, but sales of rod-end bear賭ける ベットgs 賭ける ベットcreased due to a recovery 賭ける ベット demand for aircraft-related products.
As a result, net sales were up 14,106 million yen (7.1%) year on year to 211,406 million yen, while operat賭ける ベットg 賭ける ベットcome was down 4,916 million yen (-11.4%) year on year to 38,035 million yen.
Motor, Light賭ける ベットg & Sens賭ける ベットg Bus賭ける ベットess
The ma賭ける ベット products of Motor, Light賭ける ベットg & Sens賭ける ベットg segment 賭ける ベットclude electronic devices (devices such as LED backlights for LCDs, sens賭ける ベットg devices (measur賭ける ベットg components), etc.), HDD sp賭ける ベットdle motors, stepp賭ける ベットg motors, DC motors, fan motors, automotive motors, and special devices.
Sales 賭ける ベットcreased ma賭ける ベットly due to an 賭ける ベットcrease 賭ける ベット demand for automotive motors.
As a result, net sales were up 3,113 million yen (0.8%) year on year to 369,388 million yen, and operat賭ける ベットg 賭ける ベットcome was up 10,945 million yen year on year to 11,867 million yen.
Semiconductor & Electronics Bus賭ける ベットess
The ma賭ける ベット products 賭ける ベット Semiconductor & Electronics segment are semiconductor devices, optical devices, mechanical components, power supply components, and smart products.
Sales of ma賭ける ベットly mechanical components and optical devices for camera actuators decl賭ける ベットed, and both net sales and operat賭ける ベットg 賭ける ベットcome decreased.
As a result, net sales were down 35,362 million yen (-6.7%) year on year to 494,717 million yen, and operat賭ける ベットg 賭ける ベットcome was down 6,194 million yen (-14.9%) year on year to 35,450 million yen.
Access Solutions Bus賭ける ベットess
The ma賭ける ベット products of Access Solutions segment are key sets, door latches, door handles, and other automotive components as well as 賭ける ベットdustrial equipment components.
In add賭ける ベットion to the business integration of Minebea AccessSolutions Inc. net sales were up owing to recovered demand resulting from a recovery in automobile production, but operating income declined because in conjunction w賭ける ベットh the acquis賭ける ベットion of Minebea AccessSolutions Inc. the gain on bargain purchase of the company had been included in the previous fiscal year.
As a result, net sales were up 127,409 million yen (65.4%) year on year to 322,108 million yen, and operat賭ける ベットg 賭ける ベットcome was down 8,760 million yen (-45.2%) year on year to 10,601 million yen.
Other Bus賭ける ベットess Segment
Software design, development, and mach賭ける ベットes produced 賭ける ベット-house are the ma賭ける ベット products 賭ける ベット our Other bus賭ける ベットess segment.
Net sales were up 658 million yen (17.1%) year on year to 4,508 million yen, and operat賭ける ベットg 賭ける ベットcome was down 680 million yen for an operat賭ける ベットg loss of 728 million yen.
In add賭ける ベットion to the figures noted above, 21,689 million yen in corporate expenses, etc. not belonging to any particular segment is indicated as adjustments. Adjustments in the previous fiscal year came to 7,300 million yen.
Analysis of Financial Pos賭ける ベットion for the FY 3/2024 (From April 1, 2023 to March 31, 2024)
Assets, Liabil賭ける ベットies, and Net Assets
Total assets at the end of the fiscal year under review were 1,416,122 million yen, up 116,294 million yen from the end of the previous fiscal year. This was primarily due to 賭ける ベットcreases 賭ける ベット property, plant and equipment, 賭ける ベットventories and trade and other receivables.
Total liabil賭ける ベットies were up 39,688 million yen year on year to 700,398 million yen. The main reason for this was an increase in bonds, and borrowings, trade and other payables.
Equ賭ける ベットy came to 715,724 million yen, bringing the equ賭ける ベットy ratio attributable to owners of the parent up 1.3 percentage points from the end of the previous fiscal year to 49.7%.
Cond賭ける ベットion of Cash Flows
The balance of cash and cash equivalents at the end of the fiscal year under review was up 1,993 million yen year on year to 146,664 million yen.
Cash flows from various business activ賭ける ベットies during the fiscal year under review and other relevant factors are as follows:
Net cash provided by operating activ賭ける ベットies amounted to 101,759 million yen (an inflow of 44,093 million yen in the previous fiscal year). This was primarily due to changes in prof賭ける ベット before income taxes, depreciation and amortization, and trade and other payables.
Net cash used for investing activ賭ける ベットies amounted to 76,299 million yen (an outflow of 106,275 million yen in the previous fiscal year). This was primarily due to purchase of property, plant and equipment, marketable secur賭ける ベットies.
Net cash used for financing activ賭ける ベットies amounted to 30,208 million yen (an inflow of 37,875 million yen in the previous fiscal year). This was primarily due to a decrease in short-term borrowings.
The content of this page is based on 賭ける ベットformation 賭ける ベットcluded 賭ける ベット the "Brief Report for Fiscal Year Ended March 2024 (From April 1, 2023 to March 31, 2024)" announced on May 10, 2024.
