Business Results for Fiscal Year ended March 31, 2002 Tsugio - PowerPoint PPT Presentation

Business Results for Fiscal Year ended March 31, 2002 Tsugio Yamamoto President and Representative Director May 17, 2002

CONTENTS 1. Consolidated Results for Fiscal Year ended March 31, 2002 2. Mid-Term Management Plan 1

1. Consolidated Results for Fiscal Year ended March 31, 2002 2

Consolidated Results for Fiscal Year ended March 31, 2002 Year Year Forecast Change ( Millions of yen) ended ended announced yoy on Nov. ‘01 Mar. ‘01 Mar. ‘02 287,045 279,344 -2.7% 260,000 Net Sales 32,977 21,972 -33.4% 21,700 Operating Income 24,726 15,995 -35.3% 15,000 Ordinary Income 14,826 5,298 -64.3% 5,500 Net Income 3

Sales and Operating Income by Segment Year to March 2002 Year Forecast ended First half Second Full year Change Millions of yen announced on Mar.'01 half yoy Nov.'01 〔 Net Sales 〕 1 2 4 , 4 6 1 6 2 , 1 9 4 5 9 , 8 3 0 1 2 2 , 0 2 5 △2 . 0 % 1 1 6 , 2 0 0 Machined components business 1 0 1 , 0 9 6 5 1 , 1 8 8 4 8 , 9 2 5 1 0 0 , 1 1 3 △1 . 0 % 9 7 , 1 0 0 Bearing related products 2 3 , 3 6 5 1 1 , 0 0 6 1 0 , 9 0 5 2 1 , 9 1 1 △6 . 2 % 1 9 , 1 0 0 Other machinery components Electronics device and 1 5 1 , 9 1 0 7 3 , 9 7 9 8 2 , 3 2 5 1 5 6 , 3 0 3 + 2 . 9 % 1 4 3 , 0 0 0 components business 7 3 , 6 0 3 3 5 , 9 1 7 4 0 , 5 2 3 7 6 , 4 4 0 + 3 . 9 % 7 4 , 5 0 0 Rotary components 7 8 , 3 0 7 3 8 , 0 6 2 4 1 , 8 0 0 7 9 , 8 6 2 + 2 . 0 % 6 8 , 5 0 0 Other electronic devices 1 0 , 6 7 4 7 0 9 3 0 7 1 , 0 1 6 △9 0 . 5 % 8 0 0 Consumer business and others 2 8 7 , 0 4 5 1 3 6 , 8 8 2 1 4 2 , 4 6 2 2 7 9 , 3 4 4 △2 . 7 % 2 6 0 , 0 0 0 Total 〔 Operating income 〕 2 3 , 9 0 6 1 2 , 5 6 4 9 , 5 7 1 2 2 , 1 3 5 △7 . 4 % 2 1 , 7 6 8 Machined components business Electronics device and - 8 , 2 5 9 △ 7 4 △ 8 8 △ 1 6 2 △ 7 4 components business - 8 1 2 6 △ 6 0 6 Consumer business and others 3 2 , 9 7 7 1 2 , 4 9 6 9 , 4 7 6 2 1 , 9 7 2 △3 3 . 4 % 2 1 , 7 0 0 Total ※ N e t S a l e s a r e e x t e r n a l s a l e s o n l y ※ M a i n P r o d u c t s : B e a r i n g r e l a t e d p r o d u c t s : B a l l B e a r i n g s , r o d - e n d a n d s p h e r i c a l b e a r i n g s , p i v o t a s s e m b l i e s O t h e r m a c h i n e r y c o m p o n e n t s : F a s t e n e r s , w h e e l s , d e f e n s e - r e l a t e d s p e c i a l p a r t s R o t a r y c o m p o n e n t s : S t e p p i n g m o t o r s , f a n m o t o r s , s p i n d l e m o t o r s O t h e r e l e c t r o n i c d e v i c e s : P C k e y b o a r d s , F D D s u b a s s e m b l i e s , s w i t c h i n g p o w e r s u p p l i e s , s p e a k e r s 4

Ball Bearings Sales 125 (Million units) 100 75 Internal use Sales to external customers 50 25 0 Apr.- Jul.- Oct.- Jan.- Apr.- Jun. '01 Sep. '01 Dec. '01 Mar. '02 Jun. '02 5

２ ． Mid-Term Management Plan 6

Management Plan Operating Environment � Users’ Shift of Production to South East Asia and China � Emergence of Chinese Market � Industry Reorganization 7

Mid-Term Sales and Earnings Plan Year to Year to Year to Year to (Millions of yen) Mar. ’03 Mar. ’04 Mar. ’05 Mar. ‘02 Plan Plan Plan 279,344 288,000 316,800 348,000 Sales 21,972 24,000 33,000 37,000 Operating Income 15,995 18,500 28,000 33,500 Ordinary Income 5,298 10,000 17,000 21,000 Net Income 8

Mid-Term Sales and Earnings Plan Y e a r t o Y e a r t o Y e a r t o Y e a r t o Y e a r t o M a r . ' 0 3 (Millions of Yen) M a r . ' 0 1 M a r . ' 0 2 M a r . ' 0 4 M a r . ' 0 5 F i r s t H a l f S e c o n d H a l f F u l l y e a r N e t S a l e s 287,045 279,344 142,000 146,000 288,000 316,800 348,000 M a c h i n e d c o m p o n e n t s b u s i n e s s 124,461 122,025 59,450 59,200 118,650 124,250 131,650 B e a r i n g r e l a t e d p r o d u c t s 101,096 100,113 49,100 49,700 98,800 102,800 108,300 O t h e r m a c h i n e r y c o m p o n e n t s 23,365 21,911 10,350 9,500 19,850 21,450 23,350 E l e c t r o n i c s d e v i c e s a n d c o m p o n e n t s b u s i n e s s 151,910 156,303 82,550 86,800 169,350 192,550 216,350 R o t a r y c o m p o n e n t s 73,603 76,440 45,300 48,150 93,450 109,300 128,450 O t h e r e l e c t r o n i c d e v i c e s 78,307 79,862 37,250 38,650 75,900 83,250 87,900 － － － － － C o n s u m e r b u s i n e s s a n d o t h e r s 10,674 1,016 O p e r a t i n g I n c o m e 32,977 21,972 10,000 14,000 24,000 33,000 37,000 M a c h i n e d c o m p o n e n t s b u s i n e s s 23,906 22,135 9,800 12,200 22,000 25,250 28,000 E l e c t r o n i c s d e v i c e s a n d c o m p o n e n t s b u s i n e s s △ 162 8,259 200 1,800 2,000 7,750 9,000 － － － － － C o n s u m e r b u s i n e s s a n d o t h e r s 812 0 O r d i n a r y I n c o m e 24,726 15,995 7,300 11,200 18,500 28,000 33,500 N e t I n c o m e b e f o r e T a x 22,387 12,948 7,100 10,900 18,000 27,500 33,000 N e t I n c o m e 14,826 5,298 3,600 6,400 10,000 17,000 21,000 D e p r e c i a t i o n ( i n c l . i n t a n g i b l e f i x e d a s s e t s ) － － 22,149 24,385 25,000 25,000 25,600 － － C a p i t a l E x p e n d i t u r e 39,876 26,245 17,600 28,200 23,400 N e t I n t e r e s t - b e a r i n g D e p t a s s u m s c o n v e r s i o n o f a l l C B s － － 173,228 168,720 144,000 128,000 64,000 9

Management Strategy Reorganizing Reinforcing R&D Sales Structure Mid-term Plan � Reinforcement of Bearing and Related Business � Expansion of Small Motor Business Strategy for Restructuring Chinese Operations Unprofitable Business 10

Reinforcing Research and Development Minebea’s Global R&D Activities 17 locations in 6 countries P r e c i s i o n M o t o r s D e u t s c h e M i n e b e a G m b H B e a r i n g - r e l a t e d p r o d u c t s a n d s m a l l m o t o r s N M B T e c h n o l o g i e s C o r p o r a t i o n P C k e y b o a r d s a n d s w i t c h i n g p o w e r s u p p l i e s N M B - M i n e b e a - G m b H , M i n e b e a E u r o p e P E D e v e l o p m e n t C e n t r e S w i t c h i n g p o w e r s u p p l i e s N M B ( U K ) L t d . , A i r m o v e r D i v i s i o n F a n m o t o r s R o s e B e a r i n g s L t d . . K a r u i z a w a M a n u f a c t u r i n g U n i t R o d - e n d a n d s p h e r i c a l b e a r i n g s B e a r i n g - r e l a t e d p r o d u c t s a n d N e w H a m p s h i r e B a l l B e a r i n g s , I n c . s m a l l m o t o r s M i n e b e a E l e c t r o n i c s ( U K ) L t d . R o d - e n d a n d s p h e r i c a l b e a r i n g s H a m a m a t s u M a n u f a c t u r i n g U n i t S w i t c h i n g p o w e r s u p p l i e s N M B T e c h n o l o g i e s C o r p o r a t i o n , E l e c t r o n i c c o m p o n e n t s T e c h n i c a l C e n t e r F u j i s a w a M a n u f a c t u r i n g U n i t T h a i R & D C e n t e r B e a r i n g - r e l a t e d p r o d u c t s a n d s m a l l m o t o r s F a s t e n e r s B e a r i n g - r e l a t e d p r o d u c t s a n d O m o r i M a n u f a c t u r i n g U n i t s m a l l m o t o r s M o t o r s a n d d e f e n s e ‐ r e l a t e d s p e c i a l p a r t s S i n g a p o r e R & D C e n t e r M e a s u r i n g C o m p o n e n t s D i v i s i o n B e a r i n g - r e l a t e d p r o d u c t s a n d s m a l l m o t o r s M e a s u r i n g c o m p o n e n t s M e c h a t r o n i c s D i v i s i o n P C k e y b o a r d s M i n e b e a O n k y o C o . , L t d . S p e a k e r s 11