MinebeaMitsumi Inc. · TSE:6479
MinebeaMitsumi — Minebea — Q1 FY ending March 2007 Earnings Presentation
12 slides from MinebeaMitsumi's earnings presentation, Aug 1, 2006
Slide 1: Business Results
Business Results First Quarter of Fiscal Year Ending March 31, 2007 August 1, 2006 Minebea Co., Ltd.
Slide 2: Summary of Consolidated Business Results
Summary of Consolidated Business Results New measures based on Management Policy have been producing results Year ended Year ending Change Mar. '06 Mar. '07 (Millions of yen) 1Q 1Q yoy Net sales 75,690 80,201 +6.0% Operating income 3,010 5,858 +94.6% Ordinary income 2,163 4,713 +117.9% Income before
Slide 3: Quarterly Net Sales
Quarterly Net Sales Increased 6.0% yoy Decreased 1.9% qoq (Billions of yen) 100.0 80.0 80.9 81.8 80.2 80.0 75.7 60.0 40.0 20.0 0.0 1Q 2Q 3Q 4Q 1Q FY ended Mar. '06 FY ending Mar. '07 Net sales August 1, 2006 2
Slide 4: Quarterly Operating Income
Quarterly Operating Income Increased 94.6% yoy (Billions of yen) Decreased 2.4% qoq 8.0 8.0% 7.5% 7.3% 7.3% 6.0 6.0% 5.3% 4.0 4.0% 4.0% 6.0 6.0 5.9 2.0 4.2 2.0% 3.0 0.0 0.0% 1Q 2Q 3Q 4Q 1Q FY ended Mar. '06 FY ending Mar. '07 Operating income Operating margin August 1, 2006 3
Slide 5: Machined Components Business
Business Segments Machined Components Business Net sales (Billions of yen) Other machined components Miniature & Small Sized Ball Bearings Bearing-related products 40.0 34.5 Net Sales increased 6.8% yoy 30.6 31.6 32.9 33.3 decreased 1.2% qoq 5.1 5.1 4.8 30.0 4.6 5.2 Favorable sales continue Increase
Slide 6: Electronic Devices and Components Business
Business Segments Electronic Devices and Components Business Net sales Electronic Devices (Billiions of yen) Other electronic components Net Sales increased 29.3% yoy 60.0 Rotary components increased 16.2% qoq 50.0 48.4 48.0 47.3 46.9 Favorable sales 45.1 in LED backlights for mobile phones 40.0 & i
Slide 7: Quarterly Net Income
Quarterly Net Income Increased 235.5% yoy Turned profitable qoq (Billions of yen) (Yen) 3.5 8.24 10 3.0 6.01 8 2.5 2.0 6 3.61 3.3 1.5 2.46 2.4 4 1.0 1.4 0.5 1.0 2 0.0 -0.6 0 -0.5 1Q 2Q 3Q 4Q 1Q -1.0 FY ended Mar. '06 -1.41 FY ending -2 Mar. '07 Net income Net income per share(yen) August 1, 2006 6
Slide 8: Quarterly S.G. & A. Expenses
Quarterly S.G. & A. Expenses Continuously reduced S.G. & A. Expenses quarter by quarter (Billions of yen) 15 20% 16.1% 16.4% 15% 10 15.1% 14.3% 14.2% 10% 12.2 13.1 12.2 11.7 11.4 5 5% 0 0% 1Q 2Q 3Q 4Q 1Q FY ended Mar. '06 FY ending Mar. '07 S.G. & A. expenses S.G. & A. to sales ratio August 1, 2006
Slide 9: Net Interest-Bearing Debt
Yearly Net Interest-Bearing Debt Target to reduce net interest-bearing debt (Billions of yen) to 130 billion yen by this FY end 200 168.7 152.9 146.7 150.7 146.9 150 140.7 100 50 9.7 16.0 6.8 3.8 9.1 8.8 0 Mar.'02 Mar.'03 Mar.'04 Mar.'05 Mar.'06 Mar.'07 1Q Net interest-bearing debt Free cash flow Ne
Slide 10: Forecast for Fiscal Year Ending March 31, 2007
Forecast for Fiscal Year Ending March 31, 2007 Year ended Year ending Mar.'07 Mar.'06 (Announced in May 2006) (Millions of yen) Change Full year 1H Full year yoy Net sales 318,446 152,000 310,000 -2.7% Operating income 19,269 11,500 25,000 +29.7% Ordinary income 14,595 8,400 19,000 +30.2% Income bef
Slide 11: Current Progress
Current Progress 1. Improvements in 3 underperforming businesses HDD spindle motor business - became profitable in 4Q of last FY - affected by HDD market slowdown in 1Q, but expect improvement starting in 2Q - successfully increasing sales of a new product for 2.5 inch HDD - development of products
Slide 12: Minebea Co., Ltd.
Minebea Co., Ltd. Business Results http://www.minebea.co.jp/ 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
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