Date: 2013-08-01

Investor Meeting Presentation of Minebea for 3Q FY 2011 held on February 2, 2011(Pic)

Looking at consolidated business results for the first nine months of the fiscal year ending March 31, 2011, net sales were 205,195 million yen, an increase by 22.2% from the same period last year; operating income was 17,969 million yen which was 2.7 times that of the same period last year; and net income was 10,649 million yen which was 3 times that of the same period last year.


Despite negative currency impacts such as the stronger Japanese yen, volume increases due to recovery in demand and cost cuts pushed profits higher compared to the same period last year.

However, in the third quarter of the fiscal year ending March 2011, net sales were 67,500 million yen, down 3.3% from the previous quarter. Operating income was 5,597 million yen, down 11.8% from the previous quarter. Net income was 3,331 million yen, down 4.9% from the previous quarter.

Ball bearing sales volume was firm, pivot assembly sales volume recovered slightly and LED backlight sales grew, and cost cutting progressed, but negative currency impacts such as the stronger Japanese yen and sales declines in motors and measuring components caused by a pause in demand growth affected the quarterly financial results compared to the previous quarter.


In the third quarter of the fiscal year ending March 2011, net sales were up 15% to 67.5 billion yen from the same period last year. Recovery and growth of sales more than compensated for negative impacts of currency fluctuations. However, compared to the previous quarter, net sales decreased by 3.3% because of a pause in demand growth for some products in addition to the weaker U.S. dollar. Based on certain assumptions, we estimate the currency impact on net sales was approximately a negative 3.8 billion yen compared to the same period of the last fiscal year, and approximately a negative 1.4 billion yen from the previous quarter.

For More info ,please visit http://www.minebea.co.jp/english/investors/disclosure/presentation/p2011/q2011_slide03/1185797_4113.html

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