Slide 1: Business Results
Business Results First Quarter of Fiscal Year Ending March 31, 2009 July 31, 2008 Minebea Co., Ltd. 0
Slide 2: Summary of Consolidated Business Results for 1Q
Summary of Consolidated Business Results for 1Q Net Sales and Income decreased due to negative impacts from currency and higher raw material costs FY ending FY ended Mar.'08 Change (Millions of yen) Mar.'09 1Q 4Q 1Q YoY QoQ Net sales 81,766 81,042 74,041 -9.4% -8.6% Operating income 7,115 7,286 5,08
Slide 3: Net Sales
Quarterly Net Sales Decreased 9.4% YoY (Billions of yen) Decreased 8.6% QoQ 100.0 83.8 83.3 83.7 86.5 85.1 80.2 81.8 81.0 80.0 74.0 60.0 40.0 20.0 0.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY 3/07 FY 3/08 FY 3/09 July 31, 2008 2 First quarter net sales were 74 billion yen, 8.6% lower from the fourth quarter of
Slide 4: Operating Income
Quarterly Operating Income Decreased 28.6% YoY (Billions of yen) Decreased 30.2% QoQ 10.0 9.8% 9.0% 8.7% 9.3% 9.0% 10.0% 8.0 7.9% 7.5% 7.3% 8.0% 6.9% 6.0 8.4 8.0 6.0% 7.5 7.1 7.3 4.0 6.3 6.6 4.0% 5.9 5.1 2.0 2.0% 0.0 0.0% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY 3/07 FY 3/08 FY 3/09 Operating income Operating
Slide 5: Machined Components Business
Business Segments Machined Components Business Net sales Operating income (Billions of yen) Other machined components Pivot assemblies (Billions of yen) Operating Income Operating Margin Rod-ends 20.6% Ball bearings 8.0 19.8% 19.8% 19.3% 40.0 18.7% 19.3% 20.0% 18.6% 36.7 36.1 35.7 35.5 35.7 17.1% 33
Slide 6: Electronic Devices and Components Business
Business Segments Electronic Devices and Components Business Net sales Operating income HDD spindle motors Information motors Others Keyboards Electronic devices Speakers Measuring components Operating Income Operating Margin (Billions of yen) (Billions of yen) 1.5 6.0% 49.3 49.1 49.8 49.1 50.0 46.9
Slide 7: Net Income
Quarterly Net Income Decreased 15.9% YoY (Billions of yen) Decreased 30.2% QoQ (Yen) 6.0 12.7 14 5.0 10.5 10.5 10.9 12 9.5 8.2 10 4.0 7.9 5.1 6.6 8 3.0 4.2 4.2 4.3 3.8 6 3.3 3.1 2.0 3.0 2.6 4 1.0 1.2 2 0.0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 4Q FY 3/07 FY 3/08 FY 3/09 Net income Net income per share (yen)
Slide 8: S.G. & A. Expenses
Quarterly S.G. & A. Expenses (Billions of yen) 15.0 20% 12.1 12.4 12.8 12.8 11.4 11.7 12.0 12.0 12.3 16.6% 15% 10.0 15.2% 14.8% 15.1% 14.8% 14.2% 13.9% 14.3% 14.5% 10% 5.0 5% 0.0 0% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY ended Mar. '07 FY ended Mar. '08 FY 3/09 S.G. & A. expenses S.G. & A. to sales ratio Jul
Slide 9: Inventories
Quarterly Inventories (Billions of yen) Inventory buildup to prepare for seasonal demand increases, in addition to currency impact of +1.6 billion yen 60.0 50.9 48.6 47.7 48.1 48.6 45.9 48.5 46.4 42.4 40.0 20.0 0.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY ended Mar. '07 FY ended Mar. '08 FY 3/09 July 31, 2008
Slide 10: Net Interest-Bearing Debt
Yearly Net Interest-Bearing Debt Target to reduce net interest-bearing debt (Billions of yen) to ¥100 billion by this FY end (Billions of yen) 160.0 150.7 146.9 30.0 128.5 23.4 120.0 22.7 109.6 109.5 100.0 20.0 16.0 80.0 9.1 10.0 40.0 3.8 3.9 0.0 0.0 FY 3/05 FY 3/06 FY 3/07 FY 3/08 FY 3/09 FY 3/09 1
Slide 11: Capital Expenditure & Depreciation
Quarterly Capital Expenditure & Depreciation (Billions of yen) 30.0 29.0 26.4 26.8 24.0 24.6 24.9 23.1 22.5 21.9 20.0 17.0 10.0 5.9 6.3 0.0 FY 3/05 FY 3/06 FY 3/07 FY 3/08 FY 3/09 FY 3/09 Capital Expenditure 1Q Forecast Depreciation & Amortization Expenses *From FY 3/09, due to change in lease accou
Slide 12: Forecast for Fiscal Year Ending March 31, 2009
Forecast for Fiscal Year Ending March 31, 2009 Initial forecast unchanged FY ended Fiscal Year ending Mar.'09 Mar.'08 (Millions of yen) 1Q/ Full year Change Full year 1Q 1H forecast 1H forecast forecast YoY Net sales 334,431 74,041 162,000 46% 330,000 -1.3% Operating income 30,762 5,083 15,400 33% 3
Slide 13: New Ball Bearing Factory in Thailand
New Ball Bearing Factory in Thailand Growth potential in miniature ball bearings - forecasting volume growth of 5% or more per year for medium term Energy-saving, environmentally-friendly ball bearing factory specialized for front-end processes (built in May 2008) Further strengthening industry’s hi
Slide 14: Minebea Co., Ltd. Business Results
Minebea Co., Ltd. Business Results http://www.minebea.co.jp/ Any statements in the presentation which are not historical fact are future projections made based on certain assumptions and executive judgment drawn from currently available information. Please note that actual performance may vary signi