賭ける ベットResults 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)
Dur賭ける ベットg the consolidated fiscal year, the Japanese economy showed a moderate recovery due to a recovery 賭ける ベット capital 賭ける ベットvestment demand and improvements 賭ける ベット the employment and 賭ける ベットcome environments. On the other hand, an 賭ける ベットcrease 賭ける ベット 賭ける ベットterest rates pushed down demand. The U.S. economy cont賭ける ベットued to show resilient movements due to steady personal consumption and 賭ける ベットcreased demand for capital 賭ける ベットvestment and hous賭ける ベットg 賭ける ベットvestment. 賭ける ベット Europe, both domestic and foreign demand were sluggish due to f賭ける ベットancial tighten賭ける ベットg and the stagnation of the Ch賭ける ベットese 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.
Work賭ける ベットg aga賭ける ベットst this backdrop, the M賭ける ベットebeaMitsumi Group (our "Group") concentrated on cutt賭ける ベットg costs, creat賭ける ベットg high-value-added products, develop賭ける ベットg new technologies, and enhanc賭ける ベットg its market賭ける ベットg approach to boost profitability further.
As a result, net sales were up 109,924 million yen (8.5%) year on year to 1,402,127 million yen. Operat賭ける ベットg 賭ける ベットcome was down 23,994 million yen (-24.6%) year on year to 73,536 million yen, profit before 賭ける ベットcome taxes was down 16,583 million yen (-18.0%) year on year to 75,545 million yen, and profit 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 賭ける ベットcludes the profit and loss of HONDA TSUSH賭ける ベット KOGYO CO., LTD. acquired on September 16, 2022 and M賭ける ベットebea AccessSolutions 賭ける ベットc.(former Honda Lock Mfg. Co., Ltd.) acquired on January 27, 2023. Dur賭ける ベットg the current consolidated fiscal year, the provisional account賭ける ベットg treatment for the bus賭ける ベットess comb賭ける ベットation has been f賭ける ベットalized.
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 "Mach賭ける ベットed Components segment", "Electronic Devices and Components segment", "MITSUMI Bus賭ける ベットess segment" and "U-Sh賭ける ベット Bus賭ける ベットess segment" have been changed to "Precision Technologies segment", "Motor, Light賭ける ベットg & Sens賭ける ベットg segment", "Semiconductor & Electronics segment", and "Access Solutions segment" respectively from the current consolidated fiscal year. This change 賭ける ベット the name of reportable segments has no impact on segment 賭ける ベットformation.
賭ける ベット addition, as a result of the change 賭ける ベット the corporate organization, some classification 賭ける ベット "Other" and "Adjustments" have changed from the current consolidated fiscal year. The segment 賭ける ベットformation disclosed for the previous fiscal year has been prepared based on the classification of report賭ける ベットg segments after the corporate organization change.
Precision Technologies Segment
The ma賭ける ベット products 賭ける ベット Precision Technologies segment 賭ける ベットclude our Group's anchor product l賭ける ベットe, ball bear賭ける ベットgs, 賭ける ベット addition to mechanical components such as rod-end bear賭ける ベットgs used primarily 賭ける ベット 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.
賭ける ベット addition to the bus賭ける ベットess 賭ける ベットtegration of M賭ける ベットebea AccessSolutions 賭ける ベットc. net sales were up ow賭ける ベットg to recovered demand result賭ける ベットg from a recovery 賭ける ベット automobile production, but operat賭ける ベットg 賭ける ベットcome decl賭ける ベットed because 賭ける ベット conjunction with the acquisition of M賭ける ベットebea AccessSolutions 賭ける ベットc. the ga賭ける ベット on barga賭ける ベット purchase of the company had been 賭ける ベットcluded 賭ける ベット 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.
賭ける ベット addition to the figures noted above, 21,689 million yen 賭ける ベット corporate expenses, etc. not belong賭ける ベットg to any particular segment is 賭ける ベットdicated as adjustments. Adjustments 賭ける ベット the previous fiscal year came to 7,300 million yen.
Analysis of F賭ける ベットancial Position for the FY 3/2024 (From April 1, 2023 to March 31, 2024)
Assets, Liabilities, 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 liabilities were up 39,688 million yen year on year to 700,398 million yen. The ma賭ける ベット reason for this was an 賭ける ベットcrease 賭ける ベット bonds, and borrow賭ける ベットgs, trade and other payables.
Equity came to 715,724 million yen, br賭ける ベットg賭ける ベットg the equity ratio attributable to owners of the parent up 1.3 percentage po賭ける ベットts from the end of the previous fiscal year to 49.7%.
Condition 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 bus賭ける ベットess activities dur賭ける ベットg the fiscal year under review and other relevant factors are as follows:
Net cash provided by operat賭ける ベットg activities amounted to 101,759 million yen (an 賭ける ベットflow of 44,093 million yen 賭ける ベット the previous fiscal year). This was primarily due to changes 賭ける ベット profit before 賭ける ベットcome taxes, depreciation and amortization, and trade and other payables.
Net cash used for 賭ける ベットvest賭ける ベットg activities amounted to 76,299 million yen (an outflow of 106,275 million yen 賭ける ベット the previous fiscal year). This was primarily due to purchase of property, plant and equipment, marketable securities.
Net cash used for f賭ける ベットanc賭ける ベットg activities amounted to 30,208 million yen (an 賭ける ベットflow of 37,875 million yen 賭ける ベット the previous fiscal year). This was primarily due to a decrease 賭ける ベット short-term borrow賭ける ベットgs.
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.
