MinebeaMitsumi Inc. · TSE:6479
MinebeaMitsumi — Minebea — Q1 FY2012 Earnings Presentation
18 slides from MinebeaMitsumi's earnings presentation, Jul 29, 2011
Slide 1: Business Results First Quarter of Fiscal Year Ending March 31, 2012
Business Results First First Quarter Quarter of of Fiscal Fiscal Year Year Ending Ending March March 31, 31, 2012 2012 July 29, 2011 Minebea Co., Ltd.
Slide 2: Summary of Consolidated Business Results for 1Q
Summary of Consolidated Business Results for 1Q Profits declined due to supply chain disruption by the Tohoku Earthquake, worse product mix, higher wages and higher startup costs from new factories FY ended FY ending Change Mar. '11 Mar. '12 (Millions of yen) 1Q 4Q 1Q YoY QoQ Net sales 67,891 63,944
Slide 3: Net Sales Quarterly
Net Sales Quarterly (Billions of yen) Decreased 4.5% YoY 80.0 Increased 1.3% QoQ 67.9 69.8 67.5 63.9 64.8 58.7 60.5 60.0 57.4 51.8 40.0 20.0 0.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY 3/10 FY 3/11 FY 3/12 July 29, 2011 2
Slide 4: Operating Income Quarterly
Operating Income Quarterly Decreased 61.8% YoY Decreased 45.1% QoQ (Billions of yen) 10.0 9.1% 9.1% 10% 8.9% 8.3% 7.6% 8.0 8% 6.6% 6.0 6.3 6.0 5.5 5.6 6% 4.7% 4.4 4.2 4.0 3.6% 4% 2.7 2.3 2.0 2% (0.6) 0.0 0% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q (2.0) -1.2% FY 3/10 FY 3/11 FY -2% Operating income Operating marg
Slide 5: Machined Components Business Quarterly
Machined Components Business Quarterly * The segment results by new business segment for the fiscal year ended March 2010 is unaudited. Net sales Operating income Ball bearings Rod-ends/Fasteners Operating Income 30.0 Pivot assemblies 8.0 Operating Margin 28.2 (Billions of yen) 26.8 27.5 26.7 (Billi
Slide 6: Rotary Components Business Quarterly
Rotary Components Business Quarterly * The segment results by new business segment for the fiscal year ended March 2010 is unaudited. Net sales Operating income (Billions of yen) (Billions of yen) Operating Income 30.0 1.0 5% Operating Margin 26.7 2.0% 1.8% 25.3 0.5 0.4 0.4 1.0% 24.9 24.3 24.3 0.3 0
Slide 7: Electronic Devices & Components Business Quarterly
Electronic Devices & Components Business Quarterly * The segment results by new business segment for the fiscal year ended March 2010 is unaudited. Net sales Operating income (Billions of yen) Measuring components 12.0 Electronic devices (Billions of yen) Operating Income 19.3% 10.7 10.9 2.0 Operati
Slide 8: Other Business Quarterly
Other Business Quarterly * The segment results by new business segment for the fiscal year ended March 2010 is unaudited. Net sales Operating income Special devices & Other Operating Income Operating Margin (Billions of yen) Speakers 10% Keyboards 6.0 (Billions of yen) 5.7 0.4 5.1 0.3 5.1 6.1% 5.0 4
Slide 9: Net Income Quarterly
Net Income Quarterly Decreased 82.4% YoY Decreased 62.9% QoQ (Billions of yen) (yen) 6.0 12.0 10.2 10.0 5.0 9.2 10.0 8.7 8.1 4.0 8.0 3.9 3.8 3.0 3.5 6.0 3.1 3.3 4.8 3.4 2.0 4.0 1.8 1.8 1.0 1.3 2.0 0.7 0.0 0.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q (1.0) (2.0) (1.7) FY 3/10 FY 3/11 FY (2.0) (4.0) 3/12 (4.3) (3.0
Slide 10: S.G. & A. Expenses Quarterly
S.G. & A. Expenses Quarterly (Billions of yen) 15.0 30% 11.7 11.5 11.4 11.0 10.3 10.1 10.3 10.3 10.6 10.0 20% 19.9% 17.6% 17.6% 17.1% 17.3% 17.5% 16.5% 16.3% 16.5% 5.0 10% 0.0 0% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY 3/10 FY 3/11 FY S.G. & A. expenses S.G. & A. to sales ratio 3/12 July 29, 2011 9
Slide 11: Inventories Quarterly
Inventories Quarterly (Billions of yen) 50.0 44.0 44.3 41.7 42.7 40.0 39.3 37.0 34.7 35.1 35.9 30.0 20.0 10.0 0.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY 3/10 FY 3/11 FY 3/12 July 29, 2011 10
Slide 12: Capital Expenditure & Depreciation Yearly
Capital Expenditure & Depreciation Yearly (Billions of yen) 30.0 28.0 27.3 26.4 24.9 24.0 21.1 20.8 21.1 20.2 20.0 11.1 10.0 7.2 5.1 0.0 Mar.'08 Mar.'09 Mar.'10 Mar.'11 Mar.'12 Mar.'12 1Q Forecast Capital Expenditure Depreciation & Amortization Expenses *From FY 3/09, due to change in lease accounti
Slide 13: Net Interest-Bearing Debt Yearly
Net Interest-Bearing Debt Yearly (Billions of yen) (Billions of yen) 160.0 150.7 40.0 146.9 128.5 30.0 120.0 109.6 110.0 108.6 103.6 102.0 96.9 22.7 23.4 101.0 20.0 80.0 17.7 12.5 7.0 10.0 9.1 6.0 40.0 3.8 0.0 (2.3) (4.2) 0.0 (10.0) Mar.'05 Mar.'06 Mar.'07 Mar.'08 Mar.'09 Mar.'10 Mar.'11 Mar.'12 Mar
Slide 14: Forecast for Fiscal Year Ending March 31, 2012
Forecast for Fiscal Year Ending March 31, 2012 Full year forecast unchanged FY ended Fiscal Year ending Mar. '12 (Millions of yen) Mar. '11 1st Half 2nd Half Full year Full year Upper end Lower end Upper end Lower end Upper end Lower end Net sales 269,139 135,000 123,000 150,000 137,000 285,000 260,
Slide 15: Starting to produce LED backlights for tablet PCs
Starting to produce LED backlights for tablet PCs April 2011: Suzhou LED backlight factory started operation August 2011: expected to reach stepped-up production level December 2011: expected to start producing LED backlights for tablet PCs •Minebea secured big orders as its LED backlights are super
Slide 16: Construction of new Thai and Cambodian factories
Construction of new Thai and Cambodian factories Multi-purpose ball bearing factory in Thailand Completed most of the exterior work and start operation in Autumn Building area 20,500㎡ Own factory in Cambodia Undergoing the foundation work and start operation at the end of 2011 Building area 28,000㎡
Slide 17: Construction of multi-purpose factory in Lop Buri
Construction of multi-purpose factory in Lop Buri Location: Lop Buri, Thailand (site of a planned but stopped pivot assembly factory) Building area: 19,000㎡ Expected to complete: January 2012 (2 months quicker than normal) Specifics: transfer motor parts production lines from existing buildings Rend
Slide 18: Minebea Co., Ltd.
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