Minebeamitsumi Inc. · TSE:6479
Minebeamitsumi — Minebea — Q1 FY2010 Earnings Presentation
14 slides from Minebeamitsumi's earnings presentation, Aug 7, 2009
Slide 1: Business Results
Business Results First Quarter of Fiscal Year Ending March 31, 2010 August 7, 2009 Minebea Co., Ltd. 0
Slide 2: Summary of Consolidated Business Results for 1Q
Summary of Consolidated Business Results for 1Q Net Sales increased and losses narrowed QoQ due to end of inventory adjustments in various product markets FY ending FY ended Mar.'09 Change (Millions of yen) Mar.'10 1Q 4Q 1Q YoY QoQ Net sales 74,041 46,384 51,837 -30.0% +11.8% Operating income 5,083
Slide 3: Quarterly Net Sales
Quarterly Net Sales (Billions of yen) Decreased 30.0% YoY 100.0 Increased 11.8% QoQ 86.5 85.1 81.8 81.0 80.0 74.0 76.6 59.2 60.0 51.8 46.4 40.0 20.0 0.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY 3/08 FY 3/09 FY 3/10 August 7, 2009 2 Due to the global recession, net sales decreased significantly in the third qua
Slide 4: Operating Income
Quarterly Operating Income (Billions of yen) 9.8% 10.0 9.3% 9.0% 10.0% 8.7% 8.6% 8.0 8.4 7.7% 8.0 7.1 7.3 6.9% 8.0% 6.6 6.0 5.1 6.0% 4.0 4.5 4.0% 2.0 2.0% (0.6) 0.0 0.0% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q (2.0) -2.0% FY 3/08 FY 3/09 FY (2.8) (4.0) 3/10 -4.0% -1.2% (6.0) -6.1% -6.0% (8.0) -8.0% Operating inc
Slide 5: Performance by Business Segments
Performance by Business Segments FY ended FY ending Change (B) / (A) (Millions of yen) Mar.'09 1Q Mar.'10 1Q YoY Machined components Net sales 33,253 24,314 -8,939 (A) business 49.0% Operating income 5,583 1,200 -4,383 (B) Electronic devices and Net sales 40,787 27,523 -13,264 (A) components busines
Slide 6: Machined Components Business
Business Segments Machined Components Business Net sales Operating income (Billions of yen) Other machined components Operating Income Operating Margin Pivot assemblies (Billions of yen) Rod-ends Ball bearings 8.0 19.3% 19.8% 40.0 19.3% 20.0% 18.6% 18.7% 36.7 36.1 35.5 35.7 16.8% 17.8% 4.5 33.9 4.6
Slide 7: Electronic Devices and Components Business
Business Segments Electronic Devices and Components Business Net sales Others Operating income (Billions of yen) Measuring components Speakers Operating Income Operating Margin Electronic devices (Billions of yen) Keyboards 1.5 49.8 49.1 Information motors 1.2 50.0 1.5 HDD spindle motors 6.0% 46.2 1
Slide 8: Net Income
Quarterly Net Income (Billions of yen) (Yen) 12.7 6.0 10.9 15.0 7.9 9.5 9.0 4.0 5.1 6.6 6.2 10.0 4.3 3.8 3.6 2.0 3.1 2.6 5.0 2.4 (1.7) 0.0 0.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q (2.0) FY 3/08 FY 3/09 FY (5.0) (6.2) 3/10 (4.0) (10.0) (4.3) (6.0) 4Q (15.0) (15.6) (8.0) (20.0) Net income Net income per share (
Slide 9: S.G. & A. Expenses
Quarterly S.G. & A. Expenses (Billions of yen) 15.0 25% 12.4 12.8 12.8 12.0 12.3 12.6 21.2% 19.9% 10.9 20% 9.8 10.3 10.0 18.4% 16.6% 16.5% 15% 15.2%14.8% 15.1% 14.8% 10% 5.0 5% 0.0 0% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY 3/08 FY 3/09 FY 3/10 S.G. & A. expenses S.G. & A. to sales ratio August 7, 2009 8 SG&A
Slide 10: Inventories
Quarterly Inventories (Billions of yen) 60.0 50.9 48.6 48.5 46.4 45.4 42.4 40.9 38.7 37.0 40.0 20.0 0.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY 3/08 FY 3/09 FY 3/10 August 7, 2009 9 Inventories decreased by 1.7 billion yen compared to the previous quarter due to some inventory adjustments even in this quarter
Slide 11: Capital Expenditure & Depreciation
Yearly Capital Expenditure & Depreciation (Billions of yen) 30.0 26.4 24.6 24.9 24.0 23.122.5 24.0 21.9 21.4 20.2 20.0 17.0 10.0 10.0 5.4 2.9 0.0 FY 3/05 FY 3/06 FY 3/07 FY 3/08 FY 3/09 FY 3/10 FY 3/10 Capital Expenditure 1Q Forecast Depreciation & Amortization Expenses *From FY 3/09, due to change
Slide 12: Net Interest-Bearing Debt
Yearly Net Interest-Bearing Debt (Billions of yen) (Billions of yen) 160.0 150.7 146.9 30.0 23.4 128.5 120.0 109.6 110.0 108.8 22.7 96.0 20.0 80.0 16.0 12.5 10.0 40.0 9.1 3.8 2.2 0.0 0.0 FY 3/05 FY 3/06 FY 3/07 FY 3/08 FY 3/09 FY 3/10 FY 3/10 1Q Forecast Net interest-bearing debt Free cash flow (rig
Slide 13: Forecast for Fiscal Year Ending March 31, 2010
Forecast for Fiscal Year Ending March 31, 2010 Initial forecast unchanged FY ended Fiscal Year ending Mar. '10 Forecast Mar. '09 (Millions of yen) 1st Half Range 2nd Half Range Full year Range Upper Lower Upper Lower Upper Lower Full year end end end end end end Net sales 256,163 105,500 96,000 124,
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