MinebeaMitsumi Inc. · TSE:6479
MinebeaMitsumi — Minebea — Q3 FY2007 Earnings Presentation
15 slides from MinebeaMitsumi's earnings presentation, Feb 1, 2007
Slide 1: Business Results – Third Quarter FY Ending March 2007
Business Results Third Quarter of Fiscal Year Ending March 31, 2007 February 1, 2007 Minebea Co., Ltd. 0
Slide 2: Summary of Consolidated Business Results
Summary of Consolidated Business Results Year ended Year ending Change Year ending Mar. '07 Mar. '06 Mar. '07 (Millions of yen) Full year Vs. 1Q - 3Q 1Q - 3Q yoy revised est. forecast Net sales 236,687 247,330 +4.5% 324,000 +76.3% Operating income 13,267 19,976 +50.6% 28,000 +71.3% Ordinary income 1
Slide 3: Summary of Consolidated Business Results for 3Q
Summary of Consolidated Business Results for 3Q ▪Appreciation of the Thai Baht and negative results in some businesses slowed down overall improvement Year ended Year ending Mar. '07 Change Change Mar. '06 (Millions of yen) 3Q 2Q 3Q yoy qoq Net sales 80,948 83,797 83,332 +2.9% -0.6% Operating income
Slide 4: Quarterly Net Sales
Quarterly Net Sales (Billions of yen) Increased 2.9% yoy 100.0 Decreased 0.6% qoq 80.9 81.8 83.8 83.3 80.0 80.2 80.0 75.7 60.0 40.0 20.0 0.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY ended Mar. '06 FY ending Mar. '07 Net sales February 1, 2007 3 The third quarter net sales were 83.3 billion yen, a slight decline of 0
Slide 5: Quarterly Operating Income
Quarterly Operating Income Increased 9.4% yoy Decreased 12.0% qoq (Billions of yen) 9.0% 7.9% 8.0 8.0% 7.5% 7.3% 7.3% 6.0 5.3% 6.0% 4.0% 4.0 7.5 4.0% 6.0 6.0 6.6 5.9 2.0 4.2 2.0% 3.0 0.0 0.0% 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY ended Mar. '06 FY ending Mar. '07 Operating income Operating margin February 1, 2007
Slide 6: Machined Components Business
Business Segments Machined Components Business Net sales Other machined components (Billions of yen) Bearing-related products 40.0 32.9 34.5 33.3 34.5 34.2 Miniature & Small Sized Ball Bearings 30.6 31.6 5.1 4.9 4.9 30.0 4.6 5.2 5.1 4.8 Net Sales increased 4.6% yoy decreased 3.0% qoq 20.0 Steady dem
Slide 7: Electronic Devices and Components Business
Business Segments Electronic Devices and Components Business Net sales HDD Spindle Motors (Billiions of yen) Other electronic components 60.0 Rotary components Net Sales decreased 5.2% yoy decreased 9.5% qoq 48.4 48.0 47.3 46.9 49.3 49.1 50.0 45.1 Decrease in 2.5 inch motors affected profitability 4
Slide 8: Quarterly Net Income
Quarterly Net Income Increased 75.4% yoy Increased 0.7% qoq (Billions of yen) (Yen) 5.0 10.54 12 10.48 10 4.0 8.24 8 3.0 6.01 6 3.61 4.2 4.2 2.0 2.46 4 3.3 2.4 2 1.0 1.4 1.0 -1.41 0 0.0 4Q -0.6 -2 1Q 2Q 3Q 4Q 1Q 2Q 3Q -1.0 -4 FY ended Mar. '06 FY ending Mar. '07 Net income Net income per share(yen)
Slide 9: S.G. & A. Expenses
Quarterly S.G. & A. Expenses (Billions of yen) 15 20% 16.4% 16.1% 15.1% 14.3% 14.2% 14.3% 13.9% 15% 10 10% 13.1 12.2 12.2 11.7 11.4 11.7 12.0 5 5% 0 0% 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY ended Mar. '06 FY ending Mar. '07 S.G. & A. expenses S.G. & A. to sales ratio February 1, 2007 8 The third quarter SG&A expe
Slide 10: Inventories
Quarterly Inventories Decreased 9.7% yoy (Billions of yen) Increased 0.9% qoq 60.0 Effect of FX Fluctuations 3Q vs. 2Q 53.8 + ¥1.6 billion 50.4 48.9 48.0 47.7 48.1 48.6 50.0 40.0 30.0 20.0 10.0 0.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY ended Mar. '06 FY ending Mar. '07 Inventories February 1, 2007 9 Inventories w
Slide 11: Net Interest-Bearing Debt
Yearly Net Interest-Bearing Debt (Billions of yen) Target to reduce net interest-bearing debt 200 to 130 billion yen by this FY end 168.7 152.9 146.7 150.7 146.9 150 136.1 100 50 16.0 14.8 9.7 6.8 3.8 9.1 0 Mar.'02 Mar.'03 Mar.'04 Mar.'05 Mar.'06 Mar.'07 3Q Net interest-bearing debt Free cash flow N
Slide 12: Capital Expenditure
Yearly Capital Expenditure (Billions of yen) 30.0 26.2 Full year 23.1 forecast 21.9 21.0 20.0 18.8 16.4 13.2 10.0 0.0 Mar.'02 Mar.'03 Mar.'04 Mar.'05 Mar.'06 Mar.'07 3Q Capital Expenditure February 1, 2007 11 Regarding capital expenditure, 13,220 million yen was spent from the first quarter to the t
Slide 13: Forecast for Fiscal Year Ending March 31, 2007
Forecast for Fiscal Year Ending March 31, 2007 Forecast unchanged Year ended Year ending Mar.'07 Mar.'06 (Millions of yen) 2H Full year Change Full year 1H 3Q forecast forecast yoy Net sales 318,446 163,998 83,332 160,002 324,000 +1.7% Operating income 19,269 13,367 6,609 14,633 28,000 +45.3% Ordina
Slide 14: Restructuring Progress in Keyboards
Restructuring Progress in Keyboards Steadily implement Restructuring Plan Target to reduce production level to about 1/3 and sales amount to about 1/2 Target to reduce overhead costs significantly Aim to break even on a monthly basis in March 1. Terminate unprofitable models Production level has bee
Slide 15: 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