Minebeamitsumi Inc. · TSE:6479
Minebeamitsumi — Q1 FY3/2018 Earnings Presentation
19 slides from Minebeamitsumi's earnings presentation, Aug 7, 2017
Slide 1: Summary of Consolidated Business Results for 1Q
Summary of Consolidated Business Results for 1Q 1Q net sales, operating income, ordinary income & net income hit record highs (Millions of yen) FY3/17 FY3/18 1Q Change 1Q 4Q YoY QoQ Net sales 120,288 196,418 193,204 +60.6% -1.6% Operating income 6,971 14,300 17,062 X2.4 +19.3% Ordinary income 7,255
Slide 2: Net Sales Quarterly
Net Sales Quarterly (Billions of yen) 1Q net sales hit record high 127.4 168.2 178.7 135.6 120.3 154.8 167.4 196.4 193.2 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY3/16 FY3/17 FY3/18 August 4, 2017 3
Slide 3: Operating Income Quarterly
Operating Income Quarterly 1Q operating income hit record high (Billions of yen) Operating income Operating margin 12.5 14.9 15.5 8.5 7.0 11.6 16.1 14.3 17.1 9.8% 8.9% 8.7% 6.3% 5.8% 7.5% 9.6% 7.3% 8.8% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY3/16 FY3/17 FY3/18 August 4, 2017 4
Slide 4: Machined Components Quarterly
Machined Components Quarterly Net sales (Billions of yen) Pivot assemblies Rod-ends/Fasteners Ball bearings 41.0 42.3 40.8 39.8 39.2 37.3 38.5 41.3 40.6 8.3 9.5 8.9 7.6 7.6 7.9 8.7 8.4 7.9 8.1 8.0 7.8 8.2 8.0 7.1 6.8 7.7 7.5 24.6 24.8 24.0 24.0 23.6 22.3 23.1 25.2 25.2 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY3
Slide 5: Electronic Devices & Components Quarterly
Electronic Devices & Components Quarterly Net sales (Billions of yen) Other Sensing devices Electronic devices Motors 0.7 86.3 0.7 125.8 0.7 137.8 1.2 95.7 0.7 80.9 0.9 117.4 1.2 128.7 1.3 114.6 0.7 104.4 8.2 9.7 9.4 8.6 8.6 8.9 8.5 12.3 8.3 37.8 73.3 87.3 46.6 32.2 68.9 80.9 58.9 51.3 39.7 42.0 40.
Slide 6: Mitsumi Business
Mitsumi Business Both net sales and operating income in and before 3Q FY3/17 are pre-merger results. 4Q FY3/17 results are based on managerial accounting for the three months. Quarterly Net sales (Billions of yen) 34.2 49.5 40.4 39.5 32.6 44.6 47.8 (*1) 52.9 48.1 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY3/16 FY
Slide 7: Net Income Quarterly
Net Income Quarterly (Billions of yen) 1Q net income hit record high Income attributable to owners of the parent Net income per share (yen) 10.1 7.7 11.8 6.8 3.2 9.6 12.2 16.2 14.2 26.9 20.6 31.6 18.2 8.5 25.5 32.4 39.7 33.5 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY3/16 FY3/17 FY3/18 August 4, 2017 8
Slide 8: S.G. & A. Expenses Quarterly
S.G. & A. Expenses Quarterly (Billions of yen) S.G. & A. expenses S.G. & A. to sales ratio 17.0 18.3 18.4 18.1 17.4 18.7 17.4 23.3 23.8 13.3% 10.9% 10.3% 13.3% 14.5% 12.1% 10.4% 11.9% 12.3% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY3/16 FY3/17 FY3/18 August 4, 2017 9
Slide 9: Inventories Quarterly
Inventories Quarterly (Billions of yen) 94.5 118.1 126.7 103.0 87.0 96.4 96.7 120.4 134.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY3/16 FY3/17 FY3/18 August 4, 2017 10
Slide 10: Capital Expenditure & Depreciation Yearly
Capital Expenditure & Depreciation Yearly (Billions of yen) Capital Expenditure Depreciation & Amortization Expenses 20.7 37.6 43.9 31.8 10.7 44.0 23.7 28.8 34.8 28.2 7.2 33.0 Mar.'14 Mar.'15 Mar.'16 Mar.'17 Mar.'18 1Q Mar.'18 Forecast August 4, 2017 11
Slide 11: Net Interest-Bearing Debt/Free Cash Flow Yearly
Net Interest-Bearing Debt/Free Cash Flow Yearly (Billions of yen) Net interest-bearing debt Free cash flow 109.9 93.1 97.5 70.9 52.5 43.1 24.2 24.5 35.0 -1.1 36.3 19.9 Mar.'14 Mar.'15 Mar.'16 Mar.'17 Mar.'18 1Q Mar.'18 Forecast August 4, 2017 12
Slide 12: Forecast for Fiscal Year Ending March 31, 2018
Forecast for Fiscal Year Ending March 31, 2018 Expecting net sales, operating income, ordinary income & net income hit record highs (Millions of yen) FY3/17 Full Year FY3/18 1st Half Initial Forecast 1st Half Revised Forecast 2nd Half No Change Full Year Revised Forecast YoY Net sales 638,926 376,40
Slide 13: Forecast for Business Segment
Forecast for Business Segment (Millions of yen) FY3/17 FY3/18 Full Year 1st Half Initial Forecast 1st Half Revised Forecast 2nd Half No Change Full Year Revised Forecast YoY Net sales 638,926 376,400 43,640 373,600 810,000 +26.8% Machined components 156,310 80,200 81,900 80,800 162,700 +4.1% Electro
Slide 14: Miniature ball bearing demand has been growing
Miniature ball bearing demand has been growing External shipment volume up YoY for 19 consecutive quarters! June volume hits new record high of 187 million units Monthly production volume to hit 300 million units by May 2018! Demand shows no signs of letting up 1Q external shipment volume up 11% YoY
Slide 15: LED backlights beat initial forecast
LED backlights beat initial forecast 1Q off to a good start with only usual seasonal drop-off in demand From 2Q demand will get into gear Smooth kick off this year New models for the major customers kicked off without a hitch Steady order via high quality and low cost Minimizing risk via accelerated
Slide 16: Mitsumi business driving profits up
Mitsumi business driving profits up Improved performance in products other than smartphones & game consoles contributed to stabilizing Mitsumi profitability Strong tailwind for smartphones and game consoles from 2Q Camera actuator shipment volumes to grow further New game console productions to go i
Slide 17: Joint business development agreement signed with Ricoh
Joint business development agreement signed with Ricoh Bed sensor system makes ultimate monitoring dream a reality High precision sensing devices Mitsumi wireless communication technology Systemization technology Outstanding customer support Sales target for FYE 3/2021 3 billion yen (nursing care fa
Slide 18: Any statements in this presentation which are not historical are future projections based on
Any statements in this presentation which are not historical are future projections based on certain assumptions and executive judgments drawn from currently available information. Please note that actual performance may vary significantly from any particular projection due to various factors. Facto
Slide 19: MinebeaMitsumi
August 4, 2017 MinebeaMitsumi Passion to Create Value through Difference ‘Any statements inthis presentation which are not historical are future projections based on certain ‘assumptions and executive judgments drawn from currently available information. Please note that actual performance may vary