MinebeaMitsumi Inc. · TSE:6479
MinebeaMitsumi — Minebea — Q1 FY2008 Earnings Presentation
13 slides from MinebeaMitsumi's earnings presentation, Jul 31, 2007
Slide 1: Business Results
Business Results First Quarter of Fiscal Year Ending March 31, 2008 July 31, 2007 Minebea Co., Ltd.
Slide 2: Summary of Consolidated Business Results for 1Q
Summary of Consolidated Business Results for 1Q Operating income increased, despite higher Thai Baht and weakness in some product markets FY ending Fiscal Year ended Mar. '07 Change Mar. '08 (Millions of yen) 1Q 4Q 1Q yoy qoq Net sales 80,201 83,692 81,766 +2.0% -2.3% Operating income 5,858 6,289 7,
Slide 3: Net Sales
Quarterly Net Sales Increased 2.0% yoy (Billions of yen) Decreased 2.3% qoq 100.0 80.9 81.8 80.2 83.8 83.3 83.7 81.8 80.0 80.0 75.7 60.0 40.0 20.0 0.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY ended Mar. '06 FY ended Mar. '07 FY 3/08 July 31, 2007 2
Slide 4: Operating Income
Quarterly Operating Income Increased 21.5% yoy Increased 13.1% qoq (Billions of yen) 9.0% 8.7% 7.9% 7.5% 8.0 7.5% 7.3%7.3% 8.0% 6.0 6.0% 5.3% 4.0 7.5 4.0% 4.0% 6.6 7.1 6.0 6.0 5.9 6.3 2.0 4.2 2.0% 3.0 0.0 0.0% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY ended Mar. '06 FY ended Mar. '07 FY 3/08 Operating income Op
Slide 5: Machined Components Business
Business Segments Machined Components Business Net sales Other machined components (Billions of yen) Bearing-related products 40.0 35.7 35.5 30.6 31.6 32.9 34.5 33.3 34.5 34.2 4.9 4.6 Miniature & Small Sized Ball Bearings 5.1 5.1 4.8 4.9 4.9 30.0 4.6 5.2 Net Sales increased 6.4% yoy increased 1.3% q
Slide 6: Electronic Devices and Components Business
Business Segments Electronic Devices and Components Business Net sales Information Motors (Billions of yen) Other electronic components Rotary components Net Sales increased 9.6% yoy 60.0 49.3 49.1 48.0 decreased 0.2% qoq 50.0 45.1 48.4 48.0 47.3 46.9 46.2 Overall profitability improved due to 40.0
Slide 7: Net Income
Quarterly Net Income Decreased 4.7% yoy Increased X 2.64 qoq (Billions of yen) (Yen) 5.0 10.5 12.0 10.5 8.2 10.0 4.0 7.9 8.0 6.0 3.0 6.0 3.6 4.2 2.0 2.5 4.2 3.0 4.0 3.3 3.1 2.4 2.0 1.0 1.4 1.2 1.0 -1.4 0.0 0.0 -0.6 -2.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q -1.0 4Q -4.0 FY ended Mar. '06 FY ended Mar. '07 FY 3
Slide 8: S.G. & A. Expenses
Quarterly S.G. & A. Expenses (Billions of yen) SG&A increased mainly due to Yen’s depreciation 15 25% 13.1 12.2 12.2 12.0 12.1 12.4 11.7 11.4 11.7 20% 10 16.1% 16.4% 15% 15.1% 14.3% 15.2% 14.2% 13.9% 14.3% 14.5% 10% 5 5% 0 0% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY ended Mar. '06 FY ended Mar. '07 FY 3/08 S.G
Slide 9: Inventories
Quarterly Inventories In addition to ¥2.2 billion increase due to currency fluctuations, inventories (Billions of yen) were built up to prepare for demand increases during 2Q and beyond 60.0 53.8 50.4 50.9 48.0 48.9 47.7 48.1 48.6 50.0 45.9 40.0 30.0 20.0 10.0 0.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY ended
Slide 10: Net Interest-Bearing Debt
Yearly Net Interest-Bearing Debt (Billions of yen) Target to reduce net interest-bearing debt (Billions of yen) to ¥120 billion by this FY end 㻞㻜㻜㻚㻜 㻟㻡㻚㻜 㻟㻜㻚㻜 152.9 150.7 146.7 146.9 㻝㻡㻜㻚㻜 128.5 130.5 㻞㻡㻚㻜 22.7 㻞㻜㻚㻜 㻝㻜㻜㻚㻜 16.0 㻝㻡㻚㻜 9.1 6.8 㻝㻜㻚㻜 㻡㻜㻚㻜 3.8 2.5 㻡㻚㻜 㻜㻚㻜 㻜㻚㻜 㻹㼍㼞㻚㻓㻜㻟 㻹㼍㼞㻚㻓㻜㻠 㻹㼍㼞㻚㻓㻜㻡 㻹㼍㼞㻚㻓㻜
Slide 11: Forecast for Fiscal Year Ending March 31, 2008
Forecast for Fiscal Year Ending March 31, 2008 Initial forecast unchanged FY ended Fiscal Year ending Mar.'08 Mar.'07 (Millions of yen) 1st Half 1Q / 1st Half Full year Change Full year 1Q forecast forecast forecast yoy Net sales 331,022 81,766 162,500 50% 335,000 +1.2% Operating income 26,265 7,115
Slide 12: Foreign exchange rate impacts on Minebea
Foreign exchange rate impacts on Minebea Costs increased due to rapid rises of Asian currencies 140 Foreign Exchange Rates vs. Yen Weaker Yen, Stronger Thai Baht (Indexed ; 1QFY3/06=100) 137 - Yen declined, Baht appreciated 130 Thai Baht Baht (On-shore) (127) especially after 3Q of last FY S'pore$ R
Slide 13: 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