IR Information
IR EVENTS Fiscal Year 2003
FY2003 4th Quarter Financial Results
- Financial Results Presentations
- Date
- January 29，2004
- Venue
- Tokyo Stock Exchange
Financial Results Overview
Sales in the 4th quarter of 2003 increased 1.5% from a year earlier to ¥8,140 million. Sales in our electromagnetic business substantially decreased to ¥398 million, down 65.8% from the year-before figure, as a result of disposal of SRC and the scaling down of our electromagnetic division. Sales in our optical electronic business also decreased to ¥830 million, down 8.2% from the same term last year, as a result of reduction of OEM production of optical pickups. However, sales in our coil business were satisfactory and reached ¥6,912 million, up 16.2% over the year-before figure, as sales of coils for audiovisual equipment and for information technology and communication equipment sharply increased.
In regard to earnings, operating profit increased to ¥813 million, up 87.8% over the year-before figure, in spite of heavier burdens of prior investments such as research and development expenses, which were partly compensated by increased sales. Factors contributing to this increased operating profit were substantial expansion of gross profit on sales in our coil business resulting from cutting of raw material costs and manufacturing expenses (principally for general coils), reduced operating loss in our electromagnetic business through disposal of SRC, and increased operating profit in our optical electronic business attributable to improved manufacturing efficiency.
Financial Results Materials (Click on a report title to download (PDF format).)
FY2004 3rd Quarter Financial Results
- Financial Results Presentations
- Date
- October 29, 2003
- Venue
- Tokyo Stock Exchange
Financial Results Overview
Sales for the third quarter of 2003 were ¥7,002 million, a increase of 16.8% compared with the same quarter of the previous year, due to slowing optoelectronics business operations and the scaled-down magnetics business operations in North America. Operating profit was at ¥709 million, up 10.5% compared with the same quarter of the previous year. Ordinary income was ¥607 million, a decrease of 1.1% compared with the same quarter of the previous year. Net income was ¥402 million, down 6.2% compared with the same quarter of the previous year.
Financial Results Materials (Click on a report title to download (PDF format).)
FY2003 2nd Quarter Financial Results
- Financial Results Presentations
- Date
- August 8, 2003
- Venue
- Tokyo Stock Exchange
Financial Results Overview
Sales for the second quarter of 2003 were ¥7,162 million, a decrease of 23.4% compared with the same quarter of the previous year, due to slowing optoelectronics business operations, particularly optical pickups, the exclusion of SRC from the consolidated financial figures, and the scaled-down magnetics business operations in North America. The decline was also caused by a reduction in yen-converted overseas sales due to yen appreciation by ¥10.55 per dollar compared to the second quarter of 2002, and despite increased sales of automotive components such as ABS coils.
Operating profit was at ¥571 million, down 3.5% compared with the same quarter of the previous year. Ordinary profit was ¥488 million, a decrease of 17.1% compared with the same quarter of the previous year due to an operating loss in the optoelectronics business as a result of a decrease in sales of optical pickups decreased sales in the coil business due to temporary inventory adjustments by equipment manufacturers and increasing costs of research and development for new products. This is despite operating loss falling due to exception SRC from consolidated financial figure. Net income was ¥481 million, down 4.2% compared with the same quarter of the previous year.
Financial Results Materials (Click on a report title to download (PDF format).)
FY2003 1st Quarter Financial Results
- Financial Results Presentations
- Date
- May 8, 2003
- Venue
- Tokyo Stock Exchange
Financial Results Overview
Sales for first quarter 2003 were ¥7,202 million, a decline of 19.6% YOY, due to slowing optoelectronics business operations, particularly optical pickups, the exclusion of SRC from the consolidated financial figures, and the scaled-down magnetics business operations following a review of non-profitable magnetics products in North America. The decline was also caused by a reduction in yen-converted overseas sales due to yen appreciation by ¥11.1 per dollar compared to the first quarter 2002, and despite increased sales of automotive components such as car-navigation systems, intelligent-key systems, and coils for immobilizers.
Operating income stood at ¥301 million, down 40.3% YOY. Income before income taxes was ¥306 million, down 40.5% YOY due to a drop in sales prices for power inductors in a weak market and the increasing cost of research and development for new products such as automotive components and flat panels, and despite continuing declines in raw material costs and efforts to reduce fixed costs such as depreciation expenses. A special loss of ¥1.191 billion was written-off under a subsidiary sale loss, resulting in a ¥942 million net loss for this financial period.