Q&A
Latest Update :
Jul.9, 2009
Back to Shareholders' Meetings (Year 2009)
The 63rd Ordinary General Meeting of Shareholders
* Some parts have been added or modified for clearer understanding.
Question
- What is your outlook for the future in light of current economic conditions?
- You have to boost performance in order to enhance the prospects for increasing share price. How are you going to realize the goals set out in the plan?
- Next year will mark Minebea's 60th anniversary. What is Minebea's goal as it moves toward its 100th anniversary?
Answer
- What is your outlook for the future in light of current economic conditions?
- After sales hit bottom in February 2009, we are now seeing production recover as our customers finish making inventory adjustments. However, we can't tell whether this uptick is simply the result of major inventory adjustments or the sign of a real recovery in demand. Although we are witnessing a recovery in the PC, digital camera and mobile phone markets, we don't think that the markets for automobiles, machine tools, copy machines and other office automation equipment are bouncing back yet. While there are various views on the future economic outlook, we are focusing on what we have to do right now to boost our strengths in order to prepare ourselves for the event of a prolonged economic recession. We forecasted figures for this fiscal year in the range of minimum and maximum levels. We expect sales will reach 200 to 230 billion yen, operating income 10 to 14 billion yen, and net income 3.5 to 6.5 billion yen. Since we can't predict what the economy will be like, we haven't made any forecast beyond this fiscal year.
- You have to boost performance in order to enhance the prospects for increasing share price. How are you going to realize the goals set out in the plan?
- Share prices reflect shareholders' estimation of global economic conditions and corporate performance on a number of levels. We have used the Nikkei 225 average as an index for share performance based on a benchmark figure of 100. If you compare our share price against the Nikkei 225 average since January 5, 2009, you'll see that it has continually outperformed that average. We are still not satisfied with that though and will continue to work on improving our performance until it's really reflected in our share price since share price is what's most important to our shareholders.
- Next year will mark Minebea's 60th anniversary. What is Minebea's goal as it moves toward its 100th anniversary?
- A number of new employees join Minebea every year. We will be celebrating our 100th anniversary when those who just joined us this year will be retiring. Rather than setting a numerical sales target for our 100th anniversary, we focus on a long-term vision that sees the next generation as the torchbearers who will lead us into the future.
