Minebea profit drops on dimming backlight orders

Resource from: asia.nikkei.com Likes:205

Nov 01,2016

TOKYO -- Japanese components maker Minebea's operating profit likely fell 30% on the year to 18.5 billion yen ($176 million) for the April-September half on slowing sales of backlights for smartphones and a strong yen. Sales apparently dropped 8% to 270 billion yen. LED backlight orders slumped as smartphone makers saw sluggish sales. The Japanese currency was roughly 15 yen stronger against the dollar than a year earlier. Revenue took a hit of about 30 billion yen on the yen's appreciation against the dollar and currencies of emerging nations. Meanwhile, Minebea's mainstay bearings segment remained healthy, especially for bearings used in cars and home electronics. Energy-efficient devices often use miniature bearings, one of the company's strong suits. Bearings sales volume climbed to a record in September. April-September results are due out Wednesday. Projections for the full year will likely be maintained, with operating profit forecast to fall 13% to 45 billion yen.

(asia.nikkei.com)

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous NSK Launches Aftermarket e-Catalog With Coverage For More Than 100M Vehicles
Next Trelleborg Speeds Up Manufacturing with New Logistics Service

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.