To Our Shareholders - MinebeaMitsumi · 2009. 6. 23. · ulus packages, it is expected that the...
Transcript of To Our Shareholders - MinebeaMitsumi · 2009. 6. 23. · ulus packages, it is expected that the...
Minebea Co., Ltd.
Securities Code 6479
To Our Shareholders63rd Business Year Business Report April 1, 2008 March 31, 2009
▲
1
Greetings from the President
As the 63rd Business Year (April 1, 2008-March31, 2009) has ended, we would like to report outbusiness summary.
■Overview of the yearDuring the current consolidated fiscal year, the Japanese economy slid into itsworst-ever recession. This was due to increases in the prices of crude oil andraw materials during the first half of the year, followed by the Japanese econo-my rapidly deteriorating principally due to a rapid deterioration of the globaleconomy in the second half of the year resulting from the worldwide spread ofthe financial crisis originating in the United States, a significant decline inexports due to the continued appreciation of the yen, and significant decreasesin capital investment and personal consumption. The U.S. economy substan-tially declined in the second half of the year causing severe turmoil mainlyowing to significantly worsened earnings in the automotive industry and otherindustries, and deterioration in employment and personal consumption amidthe expansion of the financial crisis and deepening adjustments in the housingmarket. The European economy also faced the advance of a rapid economicslowdown. In Asia, the Chinese economy’s past high growth tendencies beganto decline and there was also evidence in other Asian countries that theeconomies generally decelerated principally owing to a slowdown in exportsresulting from the worsened U.S. economy and deterioration of the financialcondition.Under these management circumstances, in order to further increase earn-ings, we made an aggressive effort to implement sweeping cost reductionmeasures, develop new technologies and high value-added products, promotesales expansion activities and carry out M&A (business acquisitions and merg-ers) for the purpose of business extension. However, sales fell mainly due to arapid deterioration in market conditions seen in the second half of the yearalongside the effects of customers’ inventory adjustments and currency fluctu-ations (the appreciation of the yen). Earnings continued to be severe due tothe fluctuations of Asian currencies and soaring raw material prices seen in thefirst half of the year as well as major production cutbacks carried out in aneffort to make up for the slowing sales observed in the second half of the year.As a result, net sales decreased ¥78,267 million (-23.4%) year on year, to¥256,163 million and operating income also fell to ¥13,406 million, a decline of¥17,356 million (-56.4%) year on year. Ordinary income declined to ¥11,555million, a decrease of ¥16,136 million (-58.3%) year on year. In addition, net
income also fell ¥13,861 million (-85.0%) year on year to ¥2,441 million.
■Basic policy for profit sharingBy considering our management condition from a comprehensive standpointand maintaining stable profit sharing on an ongoing basis, our basic policy is toprovide improved equity capital efficiency and better profit sharing to share-holders first aiming for profit distribution to shareholders at levels reflectingoperating results.Under our basic policy described above, reflecting a considerable drop in busi-ness performance due to the deteriorated economic environment, we regretful-ly announce that the year-end dividend for the current fiscal year will be ¥2 pershare. As we have already paid an interim dividend of ¥5 per share, the annualdividend will amount to ¥7 per share.Regarding the dividends for the next fiscal year, despite great uncertaintiesabout future developments, we plan to pay an interim dividend of ¥3 per shareand a year-end dividend of ¥4 per share, making the annual dividend ¥7 pershare, which is the same amount of dividend as we shall pay for the currentyear.
■Outlook for the next fiscal yearAs the world economy continues in recession, we expect that the Japaneseeconomy will slow in the first half of the year, owing to weak corporate earn-ings as well as decreases in employment and personal consumption stemmingfrom continuously decreased exports, the current rise of the yen and sluggishsales. However, in the second half of the year, the economy is expected toembark upon a moderate recovery trend with improved exports in line withrecovery of the U.S. economy. In Asia, we expect that the Chinese economy willrecover. Meanwhile, in the U.S., recession might become aggravated over alonger period of time due mainly to the protracted adjustments in corporate pro-duction, inventory and employment, as well as the slowdown of personal con-sumption stemming from the degradation of financial conditions. However, trig-gered mainly by the financial reconstruction plans and large-scale financial stim-ulus packages, it is expected that the economy will gradually be heading towardrecovery in the second half of the year.Under these circumstances, we are predicting our sales and profits with broadupper and lower limits due to the difficulty we are facing in predicting accurateresults. As we expect a decline in sales is unavoidable due to the severe glob-al economic circumstances, we expect sales of roughly ¥200,000 million to¥230,000 million, operating income of ¥10,000 million to ¥14,000 million, ordi-nary income of ¥7,600 million to ¥11,300 million and net income of ¥3,500 mil-
■ Net Sales
FY2007 FY2008 FY2009
(Unit: millions of yen) Non-Consolidated Consolidated
■ Operating Income
FY2007 FY2008 FY2009
(Unit: millions of yen) Non-Consolidated Consolidated
■ Ordinary Income
FY2007 FY2008 FY2009
(Unit: millions of yen) Non-Consolidated Consolidated
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
0
5,000
10,000
15,000
20,000
25,000
30,000
-5,000
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
2
lion to ¥6,500 million. While being fully aware of the difficulty to bring about a dramatic improvementof business performance under the current economic climate, we will makepreparations to make a dramatic improvement when the global economyrecovers from the downturn by concentrating our efforts on further cost reduc-tions, development of high-value added products and cultivation of new mar-kets.
Outlook by business segment for the full year is as follows:
◆Machined components business We will continue to aggressively expand sales of mainstay ball bearings to theautomobile and information & telecommunications equipment industries. Byachieving economies of scale in manufacturing from this sales expansion andfurther reducing costs, we aim to improve business results further. In addition,the aircraft market for rod-end bearings is comparatively strong, particularly inthe U.S. and Europe and we can expect benefits from this strong aircraft mar-ket. An increase in sales of rod-end bearings is also expected as a result of theintroduction of special bearings designed for medical equipment provided by anew controlled firm resulting from M&A we carried out during the current con-solidated fiscal year. In pivot assemblies, we expect to see a strong demand inthe second half of the year due to customers nearly completing inventoryadjustments.
◆Electronic devices and components businessIn the information motor business, we will strive to further enhance results bycontinuing to improve production efficiency and to make product mix reviewsand we expect to see a strong demand in the second half of the year. Anincrease in sales is expected due to the launch of a new business segment tosell micro actuators as a result of M&A we carried out during the current con-solidated fiscal year. In the spindle motor business, we will strive to improveresults mainly by making cost reduction efforts and boosting sales of 2.5”motors. Also, in the PC keyboard business, we can expect stable results byfocusing mainly on high-quality, high-priced models. In the speaker business,positive effects derived from business structural reform are expected. We willendeavor to improve the sales of LCD backlight assemblies, inverters, measur-ing components and other products and positive effects are expected to beseen in the second half of the year.
We look forward to your continuous support and guidance.
Yoshihisa KainumaRepresentative DirectorJune 2009
■ Net Income(Unit: millions of yen) Non-Consolidated Consolidated
■ Total Assets(Unit: millions of yen) Non-Consolidated Consolidated
■ Net Assets(Unit: millions of yen) Non-Consolidated Consolidated
FY2007 FY2008 FY2009 FY2007 FY2008 FY2009 FY2007 FY2008 FY20090
100,000
200,000
300,000
400,000
0
50,000
100,000
150,000
200,000
0
5,000
10,000
15,000
20,000
The following is an English translation of the Business Report of 63rd Business Year of Minebea Co., Ltd.The Company provides this translation for your reference and convenience only and without any warranty as to its accuracy or otherwise.
3
Performance by Business Segment (on a Consolidated Basis)
Machined Components Business Electronic Devices and Components Business
■Net sales and income decreased significantly due to curren-cy impacts, higher raw material costs and global recession.
Net sales fell ¥28,163 million(-19.6%) year on year, to ¥115,871million. Our products in the machined components business seg-ment include ball bearings, which are our mainstay product;mechanical components such as rod-end bearings primarily foruse in aircraft and pivot assemblies for use in hard disk drives(HDDs); screws for automobiles and aircraft; and defense-relateddevices and equipment. Compared with a year ago, in mainstayball bearings and rod-end bearings, although the sales were com-paratively stable in the first half of the year, they continued to fallevery month in the second half due to worsening market condi-tions triggered as a result of the economic slowdown as well asthe effects of the strong yen. In pivot assemblies, sales fell due togrowing inventory adjustments rapidly in the second half of theyear in the HDD industry, our main customer base, and theeffects of the strong yen.Although continued cost reduction measures were implemented,in addition to efforts to pursue basic technologies, product tech-nologies and manufacturing techniques, operating income alsodecreased ¥10,282 million(-37.1%) year on year, to ¥17,468 mil-lion. This was due to decreased profits not being able to berecovered owing to the effects of decreased sales along withaggravated market conditions.
■Despite of our cultivation of new markets, net salesand operating income decreased significantly due tocurrency impacts and global recession.
Net sales fell ¥50,105 million(-26.3%) year on year, to ¥140,291million. Our core products in the electronic devices and compo-nents business segment include information motors (fan motors,stepping motors, vibration motors and DC brush motors); HDDspindle motors; PC keyboards; speakers; LCD backlights; as wellas inverter and measuring instruments.Compared with a year ago, sales of measuring equipmentincreased mainly owing to cultivation of new markets. On theother hand, sales of information motors, HDD spindle motors andPC keyboards decreased, principally owing to rapidly deteriorat-ing market conditions and customers’ rapid inventory adjustmentsin addition to the effects of the appreciation of the yen in the sec-ond half of the year. In particular, sales of HDD spindle motorsdecreased significantly, due to customers’ inventory adjustments.There were no sales of FDD heads and MODs owing to theirbusiness termination.Operating income deteriorated by ¥7,074 million year on year, toa loss of ¥4,062 million, mainly owing to sharply decreased sales.
190,396
144,034
193,359
137,662 26,19569 3,012
27,750
140,291
115,871
17,468
(4,062)
■ Changes in Net Sales and Operating Income (by Business)
Net Sales(Unit: millions of yen)
OperatingIncome
(Unit: millions of yen)
FY2007
(10,000)
0
10,000
20,000
30,000
40,000
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
Electronic Devices andComponents Business
Machined Components Business
OperatingIncome
Net Sales
FY2009
OperatingIncome
Net Sales
FY2008
OperatingIncome
Net Sales
4
Performance by Geographical Segment (on a Consolidated Basis)
JapanIn Japan, except certain motors and electronics devices, sales were gen-erally weak. Net sales fell ¥16,224 million (-21.5%) year on year, to¥59,154 million, while operating income fell ¥7,835 million (-86.1%), to¥1,261 million.
Asia excluding JapanAsia, excluding Japan, including the Greater China region, is animportant manufacturing base for many manufacturers of Japan,Europe, America and other countries. Sales, excluding those ofmeasuring components, were generally sluggish, principally owing tothe effects of the appreciation of the yen, decreased sales of HDDspindle motors and pivot assemblies as a result of customers’ rapidinventory adjustments. As a result, net sales decreased ¥41,231 mil-lion (-24.2%) year on year, to ¥129,243 million, and operating incomealso fell ¥7,325 million (-47.0%) year on year, to ¥8,248 million.
North AmericaIn North America, sales of U.S.-made ball bearings and rod-end bear-ings for use mainly in the aircraft-related industries fell year on year,due to the effects of the strong yen, although the business remainedstable, led by both solid order placements from and supply to theindustries. Sales of PC keyboards, specialized in high value-addedproducts, were also weak owing to deterioration of market conditions.As a result, net sales fell ¥13,897 million (-25.9%) year on year, to¥39,687 million, and operating income declined ¥1,642 million (-36.7%), to ¥2,833 million.
EuropeIn Europe, the segments of ball bearings, rod-end bearings, etc. werecomparatively firm amid the current economic slowdown, but salesfell owing to the effects of the appreciation of the yen. As a result, netsales decreased ¥6,915 million (-19.8%) year on year, to ¥28,078 mil-lion, and operating income declined ¥553 million (-34.2%), to ¥1,063million.
0
30,000
60,000
90,000
120,000
150,000
0
30,000
60,000
90,000
120,000
150,000
0
30,000
60,000
90,000
120,000
150,000
(Unit: millions of yen)
(Unit: millions of yen)
(Unit: millions of yen)
(Unit: millions of yen)
FY2008 FY2009FY2007
FY2008 FY2009FY2007
FY2008 FY2009FY2007
FY2008 FY2009FY2007
Percentage ofnet sales
Percentage ofoperating income
Percentage ofnet sales
Percentage ofoperating income
Percentage ofnet sales
Percentage ofoperating income
Percentage ofnet sales
Percentage ofoperating income
● Net Sales in Japan
● Net Sales in Asia excluding Japan
● Net Sales in North America
● Net Sales in Europe
0
50,000
100,000
150,000
200,000
250,000
83,264
162,330
59,154
75,378
39,687
56,109 53,584
28,07829,317 34,993
129,243
170,474
9.4%
23.1%
11.0%
21.1%
15.5%
61.5%
50.4%
8.0%
5
Topics For further details, visit our website at http://www.minebea.co.jp/english/ and refer to the referencematerial listed in Press Release.
Toward Further Reinforcement and Development of Small MotorBusiness and Ball Bearing Business
Minebea acquired the stepping motor operations of FDK Corporation (FDK) in January 2009. In March 2009,the company took control of myonic Holding GmbH (myonic) in Germany, which has a high share and tech-nology in the miniature bearings market in Europe. We expect both acquisitions will drive us forward todevelop high value-added products.
New manufacturing site of stepping motors(Nava Nakorn Plant, Thailand, transferred fromFDK)
Signing ceremony in Frankfurt, Germany(Acquisition of ownership in myonic)
Commercialization of the World’s Smallest Ball Bearings with OutsideDiameter of 1.5mm
Successfully developing the world’s smallest bearings with the same structure as ordi-nary miniature bearings, Minebea began delivering samples in January 2009. We aimfor this bearing to be adopted in driving sections, etc. for micro medical equipment,micro motors and micro machines—the applications that we were unable to adapt towith conventional bearings.
Miniature bearing smaller than ricegrain
with 25¢ coin Assembly at Karuizawa Plant
66
Consolidated Financial Statements
●Consolidated Balance Sheets (unit: millions of yen)
148,117
23,281
64,835
1,511
42,400
-
-
-
-
-
8,498
7,791
(202)
172,411
150,609
9,846
11,956
15
320,544
Fiscal year 2008(as of
March 31, 2008)
121,699
27,895
43,355
780
-
14,298
11,506
7,245
3,144
2,542
3,143
7,939
(151)
163,697
135,406
11,881
16,408
0
285,396
Fiscal year 2009 (as of
March 31, 2009) LiabilitiesCurrent liabilities
Notes and accounts payableShort-term loans payable
Current portion of long-termloans payable
Current portion of bondsLease obligationsAccrued income taxesAccrued bonuses
Allowance for bonuses to directorsand corporate auditors
Allowance for environmental remediation expenses
Allowance for business restructuring lossesOthers
Long-term liabilitiesBondsLong-term loans payableLease obligationsAllowance for retirement benefits
Allowance for retirement benefitsto executive officers
Allowance for environmentalremediation expenses
Allowance for business restructuring lossesOthers
Total liabilities
Net assetsShareholders’ equityCommon stockCapital surplusRetained earningsTreasury stock
Revaluation / Translation differences
Difference on revaluation ofother marketable securities
Deferred hedge gains or lossesForeign currency translation adjustments
Minority interests inconsolidated subsidiaries
Total net assetsTotal liabilities and net assets
118,32124,05450,352
-
15,000-
3,5173,871
117
-
34721,06070,49221,50046,000
-1,707
95
-
-1,189
188,814
191,08768,25894,75628,169(97)
(60,512)
1,755
(0)(62,268)
1,155
131,730320,544
Fiscal year 2008 (as of
March 31, 2008)
112,3119,66358,890
22,100
-857418
3,806
-
267
63315,67366,32221,50035,4001,1305,121
136
939
2991,794
178,633
180,57968,25894,75620,819(3,255)(74,802)
(189)
2(74,615)
986
106,762285,396
Fiscal year 2009 (as of
March 31, 2009)
Note: Amounts less than one million yen have been omitted.
Assets
Current assets
Cash and cash equivalents
Notes and accounts receivable
Marketable securities
Inventories
Finished goods
Work in process
Raw materials
Supplies
Goods in transit
Deferred tax assets
Others
Allowance for doubtful receivables
Fixed assets
Tangible fixed assets
Intangible fixed assets
Investments and other assets
Deferred charges
Total assets
334,431253,70980,72149,95930,7622,38868710714-
1,5785,4584,402474-
58227,69139518211-
2012,833
-15056271998236---
165116531
25,2548,496
-(591)7,9051,04516,303
Fiscal year 2008(Apr. 2007 thru Mar. 2008)
7
●Consolidated Statements of Income (unit: millions of yen)
Note: Amounts less than one million yen have been omitted.
Net salesCost of sales
Gross profitSelling, general and administrative expenses
Operating incomeOther income
Interest incomeDividends incomeEquity in net income of affiliateIncome from scrap salesOthers
Other expensesInterest expensesForeign currency exchange lossEquity in net loss of affiliateOthersOrdinary income
Extraordinary incomeGain on sales of fixed assetsReversal of allowance for doubtful receivablesGain on liquidation of affiliatesReversal of allowance for business restructuring losses
Extraordinary lossLoss on disposal of inventories Loss on sales of fixed assets Loss on disposal of fixed assets Impairment loss Loss on liquidation of affiliates Loss for after-care of products Allowance for environmental remediation expenses Business restructuring loss Loss on transition of retirement benefit plan Special severance payment Retirement benefit expenses for overseas subsidiaries Retirement benefits to directors and corporate auditors Income before income taxes and minority interestsIncome taxes current (including enterprise tax)Reversal of income taxes for prior yearAdjustment of income taxesTotal income taxesMinority interests in earnings of consolidated subsidiariesNet income
256,163197,13759,02545,61913,4061,487418113-
527428
3,3382,6452642
42611,55539637-
31048
5,1175902943223-
146743
1,792374984--
6,8344,433(1,028)
8174,223169
2,441
Fiscal year 2009(Apr. 2008 thru Mar. 2009)
46,893
(23,461)
(20,604)
(1,277)
1,550
21,731
23,281
Fiscal year 2008(Apr. 2007 thru Mar. 2008)
8
●Consolidated Statement of Changes in Net Assets (unit: millions of yen)
Note: Amounts less than one million yen have been omitted.
Shareholders' equity
Commonstock
Capitalsurplus
Retaindearnings
Treasurystock
Total sharehold-ers’ equity
Difference onrevaluation of other
marketable securities
Deferred hedgegains or losses
Foreign currencytranslation
adjustments
Revaluation / Translation differences
Total revaluation/translationdifferences
Minority interestsin consolidated
subsidiaries
Total netassets
●Consolidated Statements of Cash Flows (unit: millions of yen)
37,063
(24,554)
(6,974)
(920)
4,614
23,281
27,895
Cash Flows from Operating Activities
Cash Flows from Investing Activities
Cash Flows from Financing Activities
Effect of Exchange Rate Changes on Cash and Cash Equivalents
Net increase (decrease) in Cash and Cash Equivalents
Cash and Cash Equivalents at Beginning of Year
Cash and Cash Equivalents at End of Year
Fiscal year 2009(Apr. 2008 thru Mar. 2009)
Balance at March 31, 2008
Changes
Decrease in earning surplus due to applicationof Business Response Report No. 18
Cash dividend fromretained earnings
Net income
Decrease due to increased unfunded liabilities relatedto overseas subsidiaries’ accounting for pensions
Purchase of own shares
Sales of own shares
Changes (net) in non-shareholders’ equity items
Total changes
Balance at March 31, 2009
68,258 94,756 28,169 (97) 191,087 1,755 (0) (62,268) (60,512) 1,155 131,730
(6,442) (6,442) (6,442)
(1,994) (1,994) (1,994)
2,441 2,441 2,441
(1,353) (1,353) (1,353)
(3,161) (3,161) (3,161)
(0) (1) 2 1 1
(1,945) 2 (12,347) (14,289) (169) (14,459)
- (0) (7,349) (3,158) (10,508) (1,945) 2 (12,347) (14,289) (169) (24,967)
68,258 94,756 20,819 (3,255) 180,579 (189) 2 (74,615) (74,802) 986 106,762
Note: Amounts less than one million yen have been omitted.
9
Non-Consolidated Financial Statements
●Non-Consolidated Balance Sheets (unit: millions of yen)
AssetsCurrent assets
Cash and cash equivalents
Notes receivable
Accounts receivable
Purchased goods
Finished goods
Work in process
Raw materials
Supplies
Goods in transit
Short-term loans receivable from affiliates
Deferred tax assets
Others
Allowance for doubtful receivables
Fixed assetsTangible fixed assetsIntangible fixed assetsInvestments and other assetsInvestments in securities
Investments securities in affiliates
Investments in partnerships with affiliates
Long-term loans receivable from affiliates
Deferred tax assets
Others
Allowance for doubtful receivables
Total assets
101,6849,5802,22046,1792,220779
2,5551,483102
1,01027,6005,6902,286(24)
235,18625,4222,786
206,9765,646
162,25536,152375901
1,942(297)
336,870
Fiscal year 2008 (as of
March 31, 2008)
73,44111,7831,41528,2171,810562
2,8841,37399545
21,0451,1882,521(5)
243,24626,8462,395
214,0044,416
162,36441,838432
4,1111,173(332)
316,688
Fiscal year 2009 (as of
March 31, 2009) LiabilitiesCurrent liabilities
Notes payable
Accounts payable
Short-term loans payable
Current portion of long-term loans payable
Current portion of bonds
Lease obligations
Accrued income taxes
Accrued bonuses
Allowance for bonuses to directorsand corporate auditors
Others
Long-term liabilitiesBonds
Long-term loans payable
Lease obligations
Allowance for retirement benefits
Allowance for retirement benefitsto executive officers
Others
Total liabilities
Net AssetsShareholders' equityCommon stockCapital surplusCapital reserveOthers
Retained earningsEarned surplusOthers
Reserve for general purpose
Retained earnings carried forward
Treasury stockRevaluation / Translation differences
Difference on revaluation of othermarketable securities
Deferred hedge gains or lossesTotal net assetsTotal liabilities and net assets
88,8442,08427,67136,300
-15,000
-1,1052,156
117
4,40867,96721,50046,000
--
95
371156,812
178,34868,25894,75694,756
015,4262,08513,3416,5006,841(93)1,710
1,710
(0)180,058336,870
Fiscal year 2008 (as of
March 31, 2008)
85,828448
15,30941,30022,100
-49853
2,187
-
3,93158,10521,50035,40069354
130
327143,934
172,97468,25894,75694,756
-13,2102,08511,1256,5004,625(3,251)(219)
(219)
(0)172,754316,688
Fiscal year 2009 (as of
March 31, 2009)
Note: Amounts less than one million yen have been omitted.
225,071198,42626,64520,0146,6307,730778
6,26978152452
2,0961,103761-
23112,265276112-
12538
5,3971229371-
4,44542---
531-
7,1442,803
-37
2,8404,304
Fiscal year 2008(Apr. 2007 thru Mar. 2008)
10
●Non-Consolidated Statements of Income (unit: millions of yen)
Note: Amounts less than one million yen have been omitted.
Net salesCost of sales
Gross profitSelling, general and administrative expenses
Operating income (loss)Other income
Interest income
Dividends income
Foreign currency exchange gain
Rent income of fixed assets
Others
Other expensesInterest expenses
Interest on bonds
Foreign currency exchange loss
Others
Ordinary incomeExtraordinary income
Gain on sales of fixed assets
Liquidation dividend from affiliated company
Reversal of allowance for doubtful receivables
Reversal of allowance for business restructuring losses
Extraordinary lossLoss on sales of fixed assets
Loss on disposal of fixed assets
Impairment loss
Loss on revaluation of investments securities in affiliates
Bad debt loss
Plant closure loss
Loss for after-care of products
Loss on transition of retirement benefit plan
Special severance payment
Retirement benefits to directors and corporate auditors
Allowance for doubtful receivables
Income before income taxesIncome taxes (including enterprise tax)
Reversal of income taxes for prior year
Adjustment of income taxes
Total income taxes
Net income
175,066155,67219,39419,780(386)11,152424
10,176-
182369
2,1381,189468333146
8,62744154387--
3,5921
1294
2,787--
134344168-23
5,4761,084(1,028)1,6491,7053,770
Fiscal year 2009(Apr. 2008 thru Mar. 2009)
11
Corporate Data (as of June 26, 2009)
■ Corporate DataTrade NameEstablishedCapitalNumber of EmployeesRegistered Headquarters
Head Office and Plants
Minebea Co., Ltd.July 16, 1951¥68,258 million2,721 (as of March 31, 2009)4106-73, Oaza Miyota, Miyota-Machi, Kitasaku-Gun, Nagano 389-0293, JapanTel: 81-267-32-2200Tokyo Head Office, Karuizawa Plant, Hamamatsu Plant,Fujisawa Plant, Omori Plant
■ Board of Directors
Representative Director,President and Chief Executive Officer
Yoshihisa KainumaDirector, Executive Vice President Officer
Koichi DoshoDirector, Senior Managing Executive Officers
Hiroharu KatogiAkihiro HiraoEiichi KobayashiHiroyuki YajimaMasayoshi YamanakaHirotaka Fujita
Outside DirectorsKohshi MurakamiTakashi Matsuoka
■ Corporate Auditors
Standing Corporate AuditorsTosei TakenakaAkifumi Kamoi
Standing Outside Corporate AuditorKazuaki Tanahashi
Outside Corporate AuditorsIsao HiraideHirotaka Fujiwara
■ Executive Officers
Senior Managing Executive OfficerSakae Yashiro
Managing Executive OfficersSusumu FujisawaMotoyuki NiijimaJunichi MochizukiTsugihiko MushaGary Yomantas
Executive OfficersMorihiro IijimaTakashi AibaDaishiro KonomiTatsuo MatsudaMotoharu AkiyamaTamio UchiboriKoichi TakeshitaTetsuya TsurutaShuji UeharaShigeru NoneKunio ShimbaHiromi YodaMiyuki FuruyaHarukazu HaseKazunori SawayamaRyozo Iwaya
12
■ Organization Chart
Board of Directors
President, Chief Executive OfficerSenior Executive Officer Council
Executive Vice President
Compliance Committee
Risk Management Committee
Environment Protection Committee
Security Trade Control Office
GM of Regional Affairs for South East Asia
GM of Regional Affairs for China
GM of Regional Affairs for Europe
GM of Regional Affairs for the Americas
Trade Compliance Control Office
Information Security Committee
Quality Management Committee
Patent Committee
Special Device Business Headquarters
Electronic Device & Component Business Headquarters
Machined Component Business Headquarters
Rotary Component Business Headquarters
HDD Motor Business Headquarters
Board of Auditors
Procurement & Logistics Div.
Sales Div.
Engineering Support Div.
Production Support Div.
Operation & Planning Div.
Finance & Administration Div.
CSR Promotion Div.
Special Device BU
Speaker BUKeyboard BUMeasuring Components BUCircuit Com
ponents BULighting Device BU
NHBB/myonic BU
Mechanical Assem
bly BURodEnd/Fastener BUBall Bearing BU
Hansen BUHM
SM BU
Micro Actuator BU
Precision Motor BU
Information M
otor BU
Spindle Motor BU
13
Share Information (as of March 31, 2009)
Total Number of Shares Authorized
Number of Shares Issued
Number of Shareholders
1,000,000,000 shares
399,167,695 shares
22,078
■ Major Shareholders (Top 10)
■ Stock Price on Tokyo Stock Exchange
Japan Trustee Services Bank, Ltd. (Trust Account) Japan Trustee Services Bank, Ltd. (Trust Account 4G) The Master Trust Bank of Japan, Co., Ltd. (Trust Account) Japan Trustee Services Bank, Ltd. (Trust Account 4) The Sumitomo Trust & Banking Co., Ltd. Keiaisha Co., Ltd. Takahashi Industrial and Economic Research Foundation The Bank of Tokyo-Mitsubishi UFJ, Ltd. Sumitomo Mitsui Banking Corporation NikkoCiti Trust and Banking Corporation (Trust Account)
37,645,000
25,971,000
25,636,000
20,010,000
15,349,000
15,000,000
12,347,330
10,057,839
10,000,475
5,501,000
9.43
6.51
6.42
5.01
3.85
3.76
3.09
2.52
2.51
1.38
(shares) (%)
Number of Shares Shareholding Ratio
(Yen)
10
11
122009 1 2 3
2006 4 5 6 7 8 9 10
11
122007 1 2 3 4 5 6 7 8
4 5 6 7 8 9
9 10
11
122008 1 2 3
0
500
1,000
1,500
■ Shareholder Distribution by Unit Shares
Number of Unit Shares (1 unit = 1,000 shares)
Number of Unit Share Holders
Individuals and Others63,688(15.98%)
Foreign Corporations95,625(24.00%)
Securities Firms9,090(2.28%)
Securities Firms41(0.20%)
Other Corporations33,863(8.50%)
Financial Institution196,181(49.24%)
Other Corporations273(1.37%)
Foreign Corporations341(1.71%)
Financial Institution86(0.43%)
Individuals and Others19,234(96.29%)
Note:The Company holds 10,182,931 shares of treasury stock which are excluded from themajor shareholders.
14
Information for Shareholders
Business Year From April 1 to March 31 of next year
Ordinary General Meetingof Shareholders June every year
Record Date Ordinary General Meeting of Shareholders March 31 every yearYear-end Dividends March 31 every yearInterim Dividends September 30 every year
Agent to Manage Shareholders Registry andSpecial Accounts Management Institution 5-33, Kitahama 4-chome, Chuo-ku, Osaka
The Sumitomo Trust & Banking Co., Ltd.
Handling Office of Agentto Manage Shareholders Registry 3-1 Yaesu 2-chome, Chuo-ku, Tokyo
The Sumitomo Trust & Banking Co., Ltd.Stock Transfer Agency Department
(Delivery Address for Postal Matters) 1-10, Nikko-cho, Fuchu-shi, Tokyo 183-8701The Sumitomo Trust & Banking Co., Ltd.Stock Transfer Agency Department
(Telephone Inquiries) 薔® 0120-176-417
(Web Site) http://www.sumitomotrust.co.jp/STA/retail/service/daiko/index.html
Public Notice The Nihon Keizai Shimbun
Common Stock Listings Tokyo, Osaka and Nagoya
<Shareholders, Inquiries and Notifications Concerning Matters Such as Change of Address>Please notify inquiries or notifications concerning procedures related to shares (such as change of registered address or name,
change of the method or place to receive dividends, request to sell or buy shares less than one unit [for holders of shares less thanone unit]) as follows.
・Shareholders who hold accounts at securities companies are requested to notify your securities companies.・Shareholders who do not hold accounts at securities companies are requested to notify The Sumitomo Trust & Banking Co.,
Ltd. (Please also refer to the notice of“Special Accounts”below.)
<Special Accounts>Shares of such shareholders that was yet to have used Japan Securities Depository Center, Inc. (JASDEC) by the date of the
enforcement of share certificate dematerialization (January 5, 2009) are recorded on the accounts (called“special accounts”)opened at the agent to manage shareholders registry, The Sumitomo Trust & Banking Co., Ltd. For details of special accounts, youare requested to use the above telephone number of The Sumitomo Trust & Banking Co., Ltd.
©Minebea Co., Ltd.June 2009
Minebea Co., Ltd. Tokyo Head OfficeARCO Tower, 19th Floor,1-8-1 Shimo-Meguro, Meguro-ku, Tokyo 153-8662, JapanTel: 81-3-5434-8611 Fax: 81-3-5434-8601URL: http://www.minebea.co.jp/
Recognizing the importance of utilizing domestic wood products and nurturing domestic forests, Minebea Co., Ltd., supports the KIZUKAI-UNDOH (“Wood Products Utilization Campaign”), which is being promoted by Japan’s Forestry Agency. The 3.9 GREENSTYLE mark is one of the campaign’s logos.The production of reports such as this contributes to the use of domestic wood in papermaking materials, and thus to the increased absorption of CO2 by trees grown in Japan.0 6 0 0 0 1A
Cert no. SGS-COC-2499