Minebeamitsumi Inc. · TSE:6479
Minebeamitsumi — Minebea — Non-Deal Roadshow (June 2001)
24 slides from Minebeamitsumi's roadshow presentation, June 2001
Slide 1: Investor Meeting in Europe
Investor Meeting in Europe June 2001 Tsugio Yamamoto President and Representative Director Minebea Co., Ltd. 0
Slide 2: Consolidated Results for Fiscal Year ended March 31, 2001
Consolidated Results for Fiscal Year ended March 31, 2001 Target in the Forecasts Three-year Change announced management (billions of yen) Actual yoy on 22 Feb. plan Net sales 287.0 +0.8% 287.0 290.0 Operating income 33.0 +6.1% 34.0 33.0 Ordinary income 24.7 +14.8% 25.0 24.0 Net income 14.8 NA 15.0
Slide 3: Three Basic Management Directions to become a High-Growth, Highly Profitable Company
Three Basic Management Directions to become a High-Growth, Highly Profitable Company 1. To increase production of most profitable mainstay bearings and bearing-related products; 2. To expand small motors and other rotary components business to a scale similar to bearing operation; and 3. To raise th
Slide 4: Minebea's Miniature/Small-Sized Bearings Operation
Minebea’s Miniature/Small-Sized Bearings Operation Discrete bearings RO bearings Ball bearings production (annual volume) (bn units) 1.8 1.7 1.6 1.6 1.4 Integral-shaft ball bearings 1.4 1.3 1.2 1.0 0.8 0.6 0.4 0.2 0.0 Year to Mar 99 Mar 00 Mar 01 Mar 02E June, 2001 3 I would like to now explain the
Slide 5: Fluid Dynamic Bearing ~ Cross Section and Components
Fluid Dynamic Bearing ~ Cross Section and Components In a fluid dynamic bearing, the ball bearing function is replaced with a thin layer of lubricant. Special grooves in the metal bearing parts generate Groove a hydrodynamic force that stabilizes the rotation and provides the vibration damping. Shaf
Slide 6: RO Bearing Motor Precision Improvement and Production Quantity
3. RO (Ball) Bearing Motor Precision Improvement and Production Quantity HDD Spindle Motor Performance Trend 2.5-inch Mobile HDD Track Density ~ Capacity Trends 30 Over 70KTPI HDD SPM 30GB/Platter Development Started 25 Capacity [GB / Platter] 56K~58KTPI, 20 20GB/Platter CQ2 2001 15GB/Platter 44KTPI
Slide 7: Minebea's HDD Spindle Motor Production Plan
Minebea’s HDD Spindle Motor 2003 10,000Kpcs/Month Production Plan 1,000K 1,500K This year’s new motors for 800K 800K 1,500K 3,500K 20GB/platter 2.5-inch HDDs Servers and high-end 3.5-inch HDDs 1.8-inch HDDs 1,200K 2,200K and 2002 CQ4 Seagate 3.5-inch HDDs (FDBs) 2001 CQ4 7,500Kpcs/Month 5,000Kpcs/Mo
Slide 8: HDD Spindle Motor Forecast and Minebea's Market Share
2. Spindle Motor Production Forecast Minebea’s Share in the HDD Spindle Motor Market HDD Spindle Motor Forecast K＝ 1,000 495,283 500,000 Shipping Quantity 〔Kpcs〕 450,000 Annual HDD Shipment quantity 397,565 Others 400,000 Minebea 319,451 350,000 300,000 260,054 250,000 217,546 187,539 36% 200,000 16
Slide 9: Fluid Dynamic Bearings Business
Fluid Dynamic Bearings Business Production Capacity As of March 2001 During second half of 2001 500K/month 1,000K/month Current Production Volume ： 50K/Month ～100K/month Currently, our FDB motor production is Seagate type only. However, we will be able to start to ship sample products to other HDD m
Slide 10: Rotary Components for Automotive Use
Rotary Components for Automotive Use Trend in the automotive industry (a) ¾ Environmentally friendly Increasing demand ¾ Safety for high- high-performance ¾ Comfort motors and sensors (b) Minebea’s rotary components for automotive use ¾ Motors for EPS (a) (c) ¾ Dashboard unit motors (b) ¾ Headlight
Slide 11: Outlook for Fiscal Year ending March 31, 2002
Outlook for Fiscal Year ending March 31, 2002 Target in the Forecast for Three-year Year ending management (billions of yen) March 2002 Change yoy plan Net sales 300 + 4.5% 332 Operating income 33 + 0.1% 39 Ordinary income 25 +1.1% 32 Net income 15 +1.2% 20 June, 2001 10 For the current fiscal year,
Slide 12: Sales and Operating Income Forecast by Segment
Sales and Operating Income Forecast by Segment ---------------------------------------------------Year to March 2002--------------------------------------------------- Full year First Half Second Half Original target in (Ybn) forecast chg. yoy forecast chg. yoy forecast chg. yoy Three-year plan Sale
Slide 13: Bearing Related Products Sales
Sales breakdown by product (FY to Mar 01) Bearing Related Products Sales Pivot assemblies Rod end & spherical bearings Ball bearings full year + 3.9% yoy (\bn) 60 + 6.3% yoy + 1.3% yoy 50 40 30 55.0 52.0 49.8 49.3 51.8 50.0 20 10 0 Apr.99 - Oct.99 - Apr.99 - Oct.00 - Apr.01- Oct.01- Sep.99 Mar.00 Se
Slide 14: Ball Bearings Sales by Region
Ball Bearings Sales by Region (unit basis) 100% 13% 13% 12% 17% 14% 14% 80% + 33% + 13% 60% 32% 39% 42% Europe (plan) North America 40% Asia ex-Japan 39% Japan 20% 34% 31% 0% Year ended Mar 00 Mar 01 Mar 02E Total sales unit + 9.5% yoy + 4.4% yoy (plan) June, 2001 13 Sales of ball bearings, which ac
Slide 15: Ball Bearings for Internal Use
Ball Bearings for Internal Use (unit basis) 100% 17% 21% 25% 27% 28% 30% 80% 60% 83% 80% 40% 75% 73% 72% 71% 20% 0% Y ear to Mar 97 Mar 98 Mar 99 Mar 00 Mar 01 Mar 02E External sales For internal use June, 2001 14 Proportion of ball bearings for internal production has risen steadily over the past s
Slide 16: Other Machinery Components Sales
Sales breakdown by product (FY to Mar 01) Other Machinery Components Sales Wheels Others Defense- related Fasteners special parts (\bn) 14 Full year -18.7% yoy 12 -14.9% yoy 10 -22.5% yoy 8 12.5 13.4 6 11.6 11.8 10.0 9.0 4 2 0 Apr.99 - Oct.99 - Apr.99 - Oct.00 - Apr.01- Oct.01- Sep.99 Mar.00 Sep.00
Slide 17: Restructuring Plans in Other Machinery Components Division
Restructuring Plans in Other Machinery Components Division ¾ Wheels Decided to withdraw from business and to close Kyoto plant. Complete exit from the business will be in November. Sales to fall to 1/3 of last year’s level. ¾ Fasteners Fundamental restructuring of personnel and organizational st
Slide 18: Rotary Components Sales
Sales breakdown by product (FY to Mar 01) Rotary Components Sales Spindle Stepping motors motors Fan motors (\bn) Full year + 22.3% yoy +31.7% yoy 50 45 + 12.3% yoy 40 35 30 25 50.0 20 38.0 40.0 35.6 32.1 31.6 15 10 5 0 Apr.99 - Oct.99 - Apr.99 - Oct.00 - Apr.01- Oct.01- Sep.99 Mar.00 Sep.00 Mar.01
Slide 19: Other Electronic Devices Sales
Sales breakdown by product (FY to Mar 01) Other Electronic Devices Sales Others Electro Speakers devices Switching power supplies PC keyboards Full year +9.8% yoy +17.0% yoy (\bn) 45 + 2.9% yoy 40 35 30 25 45.0 41.2 41.2 39.8 38.5 41.0 20 15 10 5 0 Apr.99 - Oct.99 - Apr.99 - Oct.00 - Apr.01- Oct.01-
Slide 20: This Year's Restructuring Plans in Other Electronic Devices Division
This Year’s Restructuring Plans in Other Electronic Devices Division ¾ Switching power supplies Scaling back and integrating development and manufacturing operations in North America, and development division in Europe. Need to boost sales by at least 30-40%. Aiming to turn profitable on a monthl
Slide 21: Operating Income by Segment
Operating Income by Segment Back in line with three-year plan Consumer business and others ( \ bn) Elecronic devices and 20 components business 0.5 0.3 6.0 15 4.7 3.6 3.2 10 16.5 14.6 12.0 11.9 11.3 12.5 Machined 5 components business 0 Apr.99 - Oct.99 - Apr.99 - Oct.00 - Apr.01- Oct.01- Sep.99 Mar.
Slide 22: Minebea's Strategy
Minebea’s Strategy ¾ Continue to implement and execute restructuring plans in unprofitable business areas. ¾ Accomplish the three management directions by enhancing: “Ultra-Precision Machining Technologies” and “Mass-Production Technologies” High-Growth, Highly Profitable Company June, 2001 21 We wi
Slide 23: Thank you
MINEBEA Investor Meeting in Europe June 2001 Thank you. Please visit our web site at http://www.minebea.co.jp June, 2001 22
Slide 24: Forward-looking statements disclaimer
Any statements in the presentation which are not an historical fact are future projections made based on certain assumptions and our management's judgment drawn from currently available information. Please note that actual performance may vary significantly from any particular projection, due to var