MinebeaMitsumi Inc. · TSE:6479
MinebeaMitsumi — Minebea — Q3 FY2011 Earnings Presentation
18 slides from MinebeaMitsumi's earnings presentation, Feb 2, 2011
Slide 1: Business Results Third Quarter of Fiscal Year Ending March 31, 2011
Business Results Third Third Quarter Quarter of of Fiscal Fiscal Year Year Ending Ending March March 31, 31, 2011 2011 February 2, 2011 Minebea Co., Ltd.
Slide 2: Summary of Consolidated Business Results for 1Q-3Q
Summary of Consolidated Business Results for 1Q-3Q Despite currency impacts such as the stronger yen, demand recovery and cost cutting pushed net sales and profits higher FY ended FY ending Change Mar. '10 Mar. '11 1Q-3Q 1Q-3Q YoY (Millions of yen) Net sales 167,984 205,195 +22.2% Operating income 6
Slide 3: Summary of Consolidated Business Results for 3Q
Summary of Consolidated Business Results for 3Q Currency impacts such as the stronger yen and a pose in growth of demand for some products affected results QoQ FY ended FY ending Change Mar. '10 Mar. '11 (Millions of yen) 3Q 2Q 3Q YoY QoQ Net sales 58,716 69,803 67,500 +15.0% -3.3% Operating income
Slide 4: Net Sales Quarterly
Net Sales Quarterly (Billions of yen) 100.0 Increased 15.0% YoY Decreased 3.3% QoQ 80.0 76.6 74.0 67.9 69.8 67.5 59.2 60.5 60.0 57.4 58.7 51.8 46.4 40.0 20.0 0.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY 3/09 FY 3/10 FY 3/11 February 2, 2011 3
Slide 5: Operating Income Quarterly
Operating Income Quarterly Increased 25.8% YoY Decreased 11.8% QoQ (Billions of yen) 9.1% 9.1% 10.0 8.6% 8.9% 10% 8.3% 7.7% 7.6% 8.0 6.9% 8% 6.6 6.3 4.7% 6.0 5.6 6.0 5.5 6% 5.1 4.5 4.4 4.0 4% 2.7 2.0 2% 0.0 0% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q (2.0) (0.6) -2% FY 3/09 FY 3/10 FY 3/11 (2.8) -1.2% (4.0)
Slide 6: 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 Pivot assemblies Operating Income 30.0 8.0 Operating Margin (Billions of yen) 28.2 26.7 26.8 26.6 (Billi
Slide 7: 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) Operating Income 1.0 5% (Billions of yen) Operating Margin 30.0 0.4 0.4 1.0% 0.5 26.7 2.0% 0.3 0.1% 24.9 25.3 1.8% 0.0 0.
Slide 8: 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 Measuring components Electronic devices 12.0 (Billions of yen) Operating Income (Billions of yen) Operating Margin 10.9 19.3%
Slide 9: 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 (Billions of yen) Speakers 0.4 10% Keyboards Operating Margin 0.3 6.0 5.7 (Billions of yen) 6.1% 5.1 5.1 2.2%
Slide 10: Net Income Quarterly
Net Income Quarterly Decreased 15.4% YoY Decreased 4.9% QoQ (Billions of yen) (yen) 6.0 15 10.2 10.0 9.0 8.1 9.2 8.7 4.0 6.6 10 6.2 3.9 3.8 3.5 3.6 3.3 2.4 3.4 3.1 2.0 2.6 5 1.3 0.0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q (2.0) FY 3/09 FY 3/10 FY 3/11 (5) (1.7) (4.0) (4.3) (10) (6.0) (6.2) (15) (15.6) (8
Slide 11: S.G. & A. Expenses Quarterly
S.G. & A. Expenses Quarterly (Billions of yen) 15.0 12.3 12.6 30% 11.7 11.5 10.9 11.0 9.8 10.3 10.1 10.3 10.3 10.0 20% 21.2% 19.9% 18.4% 17.6% 17.6% 17.1% 17.3% 16.5% 16.6% 16.5% 16.3% 5.0 10% 0.0 0% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY 3/09 FY 3/10 FY 3/11 S.G. & A. expenses S.G. & A. to sales ratio
Slide 12: Inventories Quarterly
Inventories Quarterly (Billions of yen) 50.0 46.4 45.4 40.9 41.7 42.7 38.7 39.3 40.0 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 2Q 3Q FY 3/09 FY 3/10 FY 3/11 February 2, 2011 11
Slide 13: Capital Expenditure & Depreciation Yearly
Capital Expenditure & Depreciation Yearly (Billions of yen) 30.0 30.0 26.4 24.6 24.9 24.0 22.7 22.6 21.1 20.2 20.0 17.0 15.6 11.1 10.0 0.0 Mar.'07 Mar.'08 Mar.'09 Mar.'10 Mar.'11 Mar.'11 Capital Expenditure 1Q-3Q Forecast Depreciation & Amortization Expenses *From FY 3/09, due to change in lease acc
Slide 14: 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 30.0 120.0 109.6 110.0 109.3 22.7 103.0 96.9 23.4 20.0 80.0 17.7 9.1 10.0 12.5 40.0 3.8 (3.5) 0.0 (9.6) 0.0 (10.0) Mar.'05 Mar.'06 Mar.'07 Mar.'08 Mar.'09 Mar.'10 Mar.'11 Mar.'11 1Q-3Q Forecast Net inte
Slide 15: Forecast for Fiscal Year Ending March 31, 2011
Forecast for Fiscal Year Ending March 31, 2011 Full year forecast unchanged FY ended Fiscal Year Mar. '10 ending Mar. '11 Full Year Full Year YoY (Millions of yen) Forecast(A) Net sales 228,446 274,000 19.9% Operating income 12,059 25,000 x 2.1 Ordinary income 10,203 23,100 x 2.3 Income before incom
Slide 16: New LED Backlight Factory
New LED Backlight Factory Minebea Electronic Devices (Suzhou) Ltd. (Jiangsu Province, China) Specifics : Integrated manufacturing plant from molding to assembly February, 2011 Finish outer construction March, 2011 Finish interior construction, start test production Training for managers is underway
Slide 17: New Factory in Cambodia
New Factory in Cambodia Minebea (Cambodia) Co., Ltd. Rental factory is under construction in the Phnom Penh Special Economic Zone. Plant is for assembling small and medium size motors, using parts and components supplied by Minebea plants in neighboring Thailand. April, 2011 Start small-scale produc
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