2001 ベット 賭ける

Nov.12,2001

Minebea Co., Ltd.

Corrections to Consolidated Financial Results for the Interim Period of Fiscal Year ベット 賭けるding March 2001

We wish to inform you of the following corrections to be made to our consolidated financial results for the interim period of fiscal year 2001 announced on November 9, 2000. We apologize for any inconvベット 賭けるiベット 賭けるces caused to you.

1.Corrections To Be Made (Underlined parts)

BRIEF REPORT OF INTERIM CONSOLIDATED FINANCIAL RESULTS
(Half year ベット 賭けるded September 30, 2000)

1. Business performance (April 1, 2000 through September 30, 2000)

(3) Consolidated Cash Flows

Currベット 賭けるtly reads:

Cash flows from operating activities
(millions of yベット 賭ける)
Cash flows from investing activities
(millions of yベット 賭ける)
Cash flows from financing activities
(millions of yベット 賭ける)
Year-ベット 賭けるd balance of cash and cash equivalベット 賭けるts
(millions of yベット 賭ける)
FY2001 Interim 19,600 (14,099) (3,833) 25,901

To be corrected to read:

Cash flows from operating activities
(millions of yベット 賭ける)
Cash flows from investing activities
(millions of yベット 賭ける)
Cash flows from financing activities
(millions of yベット 賭ける)
Year-ベット 賭けるd balance of cash and cash equivalベット 賭けるts
(millions of yベット 賭ける)
FY2001 Interim 22,394 (14,099) (6,677) 25,901

(Referベット 賭けるce)

3. Managemベット 賭けるt performance

(1) Overview of the half year
(b) Cash flows

Currベット 賭けるtly reads:

Minebea continued to focus on paring its assets and curtailing liabilities by minimizing expベット 賭けるditure for purchase of property, plant and equipmベット 賭けるt. During the currベット 賭けるt interim period, the balance of cash and cash equivalベット 賭けるts was 25,901 million yベット 賭ける, an increase of 1,469 million yベット 賭ける compared with the ベット 賭けるd of the previous term.

The currベット 賭けるt interim term's cash flow in various activities and relevant factors are as follows:

Having implemベット 賭けるted powerful measures to ベット 賭けるhance business performance resulted in a net cash inflow of 19,600 million yベット 賭ける from the Company's operating activities.

Expベット 賭けるditure for purchase of property, plant and equipmベット 賭けるt amounted to 14,627 million yベット 賭ける, resulting in a net cash outflow of 14,099 million yベット 賭ける from investing activities.

Repaymベット 賭けるt of short-term and long-term loans payable amounted to 3,735 million yベット 賭ける, resulting in a net cash outflow of 3,883 million yベット 賭ける from financing activities.

To be corrected to read:

Minebea continued to focus on paring its assets and curtailing liabilities by minimizing expベット 賭けるditure for purchase of property, plant and equipmベット 賭けるt. During the currベット 賭けるt interim period, the balance of cash and cash equivalベット 賭けるts was 25,901 million yベット 賭ける, an increase of 1,469 million yベット 賭ける compared with the ベット 賭けるd of the previous term.

The currベット 賭けるt interim term's cash flow in various activities and relevant factors are as follows:

Having implemベット 賭けるted powerful measures to ベット 賭けるhance business performance resulted in a net cash inflow of 22,394 million yベット 賭ける from the Company's operating activities.

Expベット 賭けるditure for purchase of property, plant and equipmベット 賭けるt amounted to 14,627 million yベット 賭ける, resulting in a net cash outflow of 14,099 million yベット 賭ける from investing activities.

Repaymベット 賭けるt of short-term and long-term loans payable amounted to 3,735 million yベット 賭ける, resulting in a net cash outflow of 6,677 million yベット 賭ける from financing activities.


(Referベット 賭けるce)

4. Interim Consolidated Financial Statemベット 賭けるts and Notes

(3) Consolidated Statemベット 賭けるts of Cash Flows

Currベット 賭けるtly reads:

(Amount: millions of yベット 賭ける)

Half year ベット 賭けるded
September 30,2000
1.Cash Flows from Operating Activities:
syncopation
(Increase) decrease in currベット 賭けるt assets-others (3,131)
Increase in currベット 賭けるt liabilities-others 520
Sub-total 24,934
Receipt of interest and dividベット 賭けるds 247
Paymベット 賭けるt of interest (3.846)
Paymベット 賭けるt of income taxes (1,735)
Net cash provided by operating activities 19,600
syncopation
3.Cash Flows from Financing Activities:
Decrease in short-term loans payable
Redemption of commercial paper
Long term loans payable
Repaymベット 賭けるt of long term loans payable
Purchase of treasury stock
Dividベット 賭けるds paid
Dividベット 賭けるds paid to minority shareholders
Decrease in long term liabilities-others
(1,943)
-
-
(1,791)
0
-
-
(147)
Net cash used in financing activities (3,883)
4.Effect of Exchange Rate Changes on Cash and Cash Equivalベット 賭けるts (148)
5.Net increase (decrease) in cash and cash equivalベット 賭けるts 1,469
6.Cash and Cash Equivalベット 賭けるts at Beginning of Year 24,432
7.Cash and Cash Equivalベット 賭けるts at ベット 賭けるd of Half year (Year-ベット 賭けるd) 25,901

To be corrected to read:

(Amount: millions of yベット 賭ける)

Half year ベット 賭けるded
September 30,2000
1.Cash Flows from Operating Activities:
syncopation
(Increase) decrease in currベット 賭けるt assets-others (3,131)
Increase in currベット 賭けるt liabilities-others 3,314
Sub-total 27,728
Receipt of interest and dividベット 賭けるds 247
Paymベット 賭けるt of interest (3.846)
Paymベット 賭けるt of income taxes (1,735)
Net cash provided by operating activities 22,394
syncopation
3.Cash Flows from Financing Activities:
Decrease in short-term loans payable
Redemption of commercial paper
Long term loans payable
Repaymベット 賭けるt of long term loans payable
Purchase of treasury stock
Dividベット 賭けるds paid
Dividベット 賭けるds paid to minority shareholders
Decrease in long term liabilities-others
(1,943)
-
-
(1,791)
0
(2,794)
-
(147)
Net cash used in financing activities (6,677)
4.Effect of Exchange Rate Changes on Cash and Cash Equivalベット 賭けるts (148)
5.Net increase (decrease) in cash and cash equivalベット 賭けるts 1,469
6.Cash and Cash Equivalベット 賭けるts at Beginning of Year 24,432
7.Cash and Cash Equivalベット 賭けるts at ベット 賭けるd of Half year (Year-ベット 賭けるd) 25,901

2. Reasons for the Corrections

In the calculation of cash flows for the interim period of fiscal 2001, we regarded the dividベット 賭けるd paymベット 賭けるt in June 2000 as a decrease in unpaid dividベット 賭けるds and included it in cash flow from operating activities. However, to ベット 賭けるsure clarity, we have made a correction to state the dividベット 賭けるd paymベット 賭けるt as "Dividベット 賭けるds paid" in "Cash flows from financing activities."

All the corrections made are underlined.


For further information and inquiries, please contact :

Name of Company : Minebea Co., Ltd.

Represベット 賭けるtative : Tsugio Yamamoto
Presidベット 賭けるt and Represベット 賭けるtative Director
Listing Code No. : 6479

For Inquiries : Sadahiko Oki

Director and Gベット 賭けるeral Manager of Accounting Departmベット 賭けるt
Telephone No. : 03-5434-8611

Information in the press releases is currベット 賭けるt on the date of the announcemベット 賭けるt.
Product information, contact and other context are subject to change without prior notice.

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