Minebeamitsumi Inc. · TSE:6479
Minebeamitsumi — Q2 2026 Earnings Presentation
40 slides from Minebeamitsumi's earnings presentation, Nov 6, 2025
Slide 1: Business Results Second Quarter of Fiscal Year Ending March 31, 2026
Business Results Second Quarter of Fiscal Year Ending March 31, 2026 MinebeaMitsumi Inc. November 6, 2025 1
Slide 2: Today’s Agenda
Today’s Agenda 1. Financial Results Overview and Forecast 2. Business Update & Management Strategy November 6, 2025 2
Slide 3: Financial Results Overview and Forecast
Financial Results Overview and Forecast Katsuhiko Yoshida Director, President COO & CFO November 6, 2025 3
Slide 4: Summary of Consolidated Business Results for 2Q
Summary of Consolidated Business Results for 2Q Net sales and operating income exceeded the plan FY3/25 FY3/26 Growth Rate (Billion of yen) 2Q 1Q 2Q YoY QoQ Net sales 422.8 366.9 411.4 -2.7% +12.1% Operating income 27.9 17.4 27.0 -3.3% +54.6% Profit before taxes 17.8 15.6 24.8 +39.4% +59.0% Profit f
Slide 5: Summary of Consolidated Business Results for 1H
Summary of Consolidated Business Results for 1H Net sales hit a 1H record high Net income increased year-on-year FY3/25 FY3/26 Change FY3/26 1H (Billion of yen) August Forecast 1H 1H YoY (Base scenario) vs. Forecast Net sales 778.2 778.3 +0.0% 774.5 +0.5% Operating income 46.8 44.4 -5.1% 42.5 +4.4%
Slide 6: Net Sales, Operating Income / Margin
Net Sales, Operating Income / Margin (Billions of yen) Net sales Operating income Operating margin 422.8 411.4 379.7 381.2 374.8 369.6 366.9 348.8 355.5 292.4 27.9 27.0 24.7 26.2 21.7 20.3 21.5 18.9 17.4 6.7 5.7% 6.5% 5.8% 6.6% 7.1% 5.7% 6.6% 5.3% 4.8% 2.3% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY3/24
Slide 7: 2Q Results: Variance from Previous Forecast
2Q Results: Variance from Previous Forecast (Announced August 5, 2025) (Billions of yen) Net Sales (Base scenario) Operating Income (Base scenario) November 6, 2025 7
Slide 8: Quarterly Trends: Precision Technologies (PT)
Quarterly Trends: Precision Technologies (PT) Net sales (Billions of yen) Operating income (Billions of yen) Ball Bearings Rod-ends/Fasteners PMC Operating income Operating margin 22.6% 22.8% 21.0% 21.5% 21.5% 68.4 20.8% 66.8 18.9% 64.9 64.8 17.6% 18.2% 17.1% 62.7 6.6 61.4 6.3 6.5 6.2 58.1 5.8 6.2 5
Slide 9: Quarterly Trends: Motor, Lighting & Sensing (MLS)
Quarterly Trends: Motor, Lighting & Sensing (MLS) Net sales (Billions of yen) Operating income (Billions of yen) Motors Electronic devices Sensing devices Other Operating income Operating margin 113.1 2.1 106.4 105.1 6.4% 6.3% 6.5% 9.5 5.2% 4.7% 4.8% 1.5 101.0 101.3 1.7 3.9% 3.1% 3.7% 99.1 2.1% 97.0
Slide 10: Quarterly Trends: Semiconductor & Electronics (SE)
Quarterly Trends: Semiconductor & Electronics (SE) Net sales (Billions of yen) Operating income (Billions of yen) Operating income Operating margin 168.7 157.1 150.0 146.5 8.0% 8.7% 8.7% 5.4% 4.9% 4.9% 126.1 3.2% 2.6% 121.6 1.9% 0.7% 117.2 109.5 111.2 81.7 12.6 12.8 9.5 9.0 7.4 6.1 3.6 3.2 2.3 0.6 1
Slide 11: Quarterly Trends: Access Solutions (AS)
Quarterly Trends: Access Solutions (AS) Net sales (Billions of yen) Operating income (Billions of yen) Operating income Operating margin 87.9 83.0 84.4 81.5 82.0 7.3% 6.2% 80.2 78.9 78.9 4.3% 5.2% 5.6% 77.6 2.7% 3.7% 3.4% 2.3% 0.2% 73.6 6.4 5.3 4.4 4.1 3.5 3.0 2.7 2.3 1.8 0.2 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
Slide 12: Quarterly Profit Attributable to Owners of the Parent / EPS
Quarterly Profit Attributable to Owners of the Parent / EPS (Billions of yen) Profit for the period attributable to owners of the parent Earnings per share, basic (yen) 18.3 17.4 17.7 16.4 17.0 15.2 13.1 11.9 10.9 45.32 44.07 43.36 42.25 40.22 37.62 32.51 29.53 27.12 4.1 10.06 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4
Slide 13: Inventories
Inventories (Billions of yen) 402.1 370.8 359.6 356.6 350.9 335.8 303.3 302.8 300.5 294.9 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY3/24 FY3/25 FY3/26 November 6, 2025 13
Slide 14: Net Interest-Bearing Debt and Free Cash Flow
Net Interest-Bearing Debt and Free Cash Flow (Billions of yen) Net interest-bearing debt * Free cash flow 271.0 241.4 201.7 208.6 200.0 86.9 66.0 25.5 14.8 7.9 (14.9) (62.2) FY3/22 FY3/23 FY3/24 FY3/25 FY3/26 FY3/26 1H Forecast *Net interest-bearing debts: “Bonds and borrowings” - (“Cash and cash eq
Slide 15: Revision to full-year forecast: net sales to 1.55 trillion yen and operating income to 100 billion yen
Forecast Revision to full-year forecast: net sales to 1.55 trillion yen and operating income to 100 billion yen FY3/25 FY3/26 (Billion of yen) Full Year 1st Half 2nd Half Full Year YoY Net sales 1,522.7 778.3 771.7 1,550.0 +1.8% ※ Operating income 94.5 44.4 55.6 100.0 +5.8% Profit before taxes 82.6
Slide 16: Forecast for Business Segment
Forecast for Business Segment FY3/25 FY3/26 (Billion of yen) ※ Full Year 1st Half 2nd Half Full Year YoY Net sales 1,522.7 778.3 771.7 1,550.0 +1.8% Precision Technologies (PT) 255.7 133.2 125.8 259.0 +1.3% Motor, Lighting & Sensing (MLS) 407.7 218.3 215.7 434.0 +6.4% Semiconductor & Electronics (SE
Slide 17: Full-year forecast: Differences from the Forecast as of August
Full-year forecast: Differences from the Forecast as of August (Billions of yen) Net Sales (Base scenario) Operating Income (Base scenario) November 6, 2025 17
Slide 18: Net Sales, Operating Income / Margin / Real Operating Margin
Net Sales, Operating Income / Margin / Real Operating Margin (Billions of yen) Net sales Operating income Operating margin Special Special factors factors Real operating margin * 10.5 1,522.7 △5.0 1,550.0 1,402.1 1,292.2 1,124.1 100.0 97.5 94.5 92.1 73.5 9.9% 8.4% 7.3% 7.7% 6.3% 8.2% 7.5% 6.2% 6.5%
Slide 19: Business Update & Management Strategy
Business Update & Management Strategy November 6, 2025 Yoshihisa Kainuma Representative Director, Chairman CEO November 6, 2025 19
Slide 20: Today’s Points (1H Review)
Today’s Points (1H Review) 1H net sales reached a record high. Operating income exceeds expectations despite Thai baht appreciation. (2Q real operating margin 7.9%) Judged that the impact of U.S. reciprocal tariffs remains minimal. Revised FY3/26 earnings forecast: Net sales of ¥1.55 trillion,
Slide 21: Forecast for FY 3/26
Forecast for FY 3/26 Revised FY3/26 earnings forecast: Net sales of ¥1.55 trillion, operating income of ¥100 billion ●Revised full-year earnings forecast based on the limited financial impact Earnings Forecast of U.S. reciprocal tariffs Point （Regarding the estimated impact of additional tariffs of
Slide 22: Towards Achieving Operating Income of 100 Billion Yen
Towards Achieving Operating Income of 100 Billion Yen Profitability steadily improving despite challenging external environment Towards achieving operating income of 100 billion Yen Business performance trends Analysis of first-half operating income （Billions of Yen） （Billions of Yen） External Envir
Slide 23: Precision Technologies (PT) Update
Precision Technologies (PT) Update Both sales and OP for 1H reached record highs Aiming for an annual operating income of 70 billion yen Bearings performed well for data centers. PMC is focusing on automotive components for LiDAR Key Points Trend of ball bearing external and internal shipment volume
Slide 24: About New Pursat Plant (the Second Plant in Cambodia)
About New Pursat Plant (the Second Plant in Cambodia) Expected to be a core base for PT business growth and the carbon neutrality, with LiDAR components as a growth driver Aim of Establishment / Outline Progress The transfer of machining equipment from Thailand began in October. We plan to start par
Slide 25: PT Business Strengthening Measures through M&A
PT Business Strengthening Measures through M&A Minebea Linear Motion officially launched in October, 2025 Aiming for further expansion with ball screws and ball ways as the core Synergies through business integration Through Integration, expand into precision fields within growth markets 1 Expanding
Slide 26: Upcoming Exhibition at CES 2026
Upcoming Exhibition at CES 2026 Smart and powerful robotic hands realized through Integration and Collaborative creation Development is underway in preparation for CES 2026 （ Event dates: January 6–9, 2026 in Las Vegas. ） Collaboratively creating and integrating precision 1. Miniature bearing 85 pie
Slide 27: Motor, Lighting & Sensing (MLS) Update
Motor, Lighting & Sensing (MLS) Update Strong performance in fan motors for data centers and spindle motors for HDDs Keys to improving profitability next fiscal year Key points Data center market trends Motors 200 Global market for IT equipment for Approx. 200 trillion JPY 1 ・Strong performance in f
Slide 28: Semiconductor & Electronics (SE) Update
Semiconductor & Electronics (SE) Update The semiconductor business aims to achieve sustainable growth by focusing on high value-added areas while maintaining a stable earnings base Key points Power device target market Semiconductors 1 ・Analog semiconductors：Demand for high value-added products such
Slide 29: Access Solutions (AS) Update
Access Solutions (AS) Update Pursuing growth and profitability through mass production of high value-added products, even under a challenging business environment Key points Promoting productivity enhancement FOX project Trend of output per person by 1 Enhancing efficiency through data integration a
Slide 30: Five growth drivers promise the future
MinebeaMitsumi IR Day Announcement (November 27) Five growth drivers promise the future • As an indispensable company by driving the world forward, we set targets of ¥2.5 trillion in net sales and ¥250 billion in operating income for FY3/29. Our management team will explain the potential of five gro
Slide 31: Dividends
Dividends Dividends The interim dividend increased by 5 yen YoY The annual dividend is planned to be 50 yen FY3/26 interim FY3/26 year-end dividend 25 Yen/share dividend 25 Yen/share (Reference) FY3/25 annual dividend 45 yen/share (20 yen for interim, 25 yen for year-end） Policy Sustainable and stab
Slide 32: Cautionary notes on forward-looking statements
Any statements in this presentation which are not historical are future projections based on certain assumptions and executive judgments drawn from currently available information. Please note that actual performance may vary significantly from any particular projection due to various factors. Facto
Slide 33: Reference
Reference November 6, 2025 33
Slide 34: Precision Technologies (PT)
Precision Technologies (PT) *Excl. special factors Net sales (Billions of yen) Operating income (Billions of yen) Ball Bearings Rod-ends/Fasteners PMC Operating income Operating margin 255.7 259.0 25.8% 24.0 22.9％ * 22.4% 24.8 21.8% 21.8% 18.0% 211.4 58.0 Special factors FX forward 55.7 197.3 17.5 6
Slide 35: Motor, Lighting & Sensing (MLS)
Motor, Lighting & Sensing (MLS) *Excl. special factors Net sales (Billions of yen) Operating income (Billions of yen) Motors Electronic devices Sensing devices Other Operating income Operating margin 5.8％* 6.7% 434.0 5.8% 8.0 407.7 * 3.2％ 3.2% 5.6% 7.4 37.5 29.0 371.0 366.3 369.4 36.9 0.3% 4.2 4.3 4
Slide 36: Semiconductor & Electronics (SE)
Semiconductor & Electronics (SE) *Excl. special factors Net sales (Billions of yen) Operating income (Billions of yen) Operating income Operating margin 9.8% 530.1 527.6 531.0 9.0%* 7.2% 494.7 7.9% 4.7%* Special factors 3.6% FX forward 429.1 contract -3.1 4.2% Others -3.1 Total -6.1 47.8* 41.8 41.6
Slide 37: Access Solutions (AS)
Access Solutions (AS) Net sales (Billions of yen) Operating income (Billions of yen) *Excl. special factors Operating income Operating margin 328.1 5.2%* 5.9% 322.1 321.0 3.3% 0.5% 9.9% 4.9% 1.1%* Special factors 17.3 Special factors -1.2 194.7 19.4 19.0 17.1 * 145.6 15.9 10.6 * 2.1 0.7 FY3/22 FY3/2
Slide 38: S.G.&A. Expense / Ratio
S.G.&A. Expense / Ratio (Billions of yen) S.G.&A. expenses S.G.&A. to sales ratio 45.8 45.9 46.9 44.4 45.1 42.7 43.6 41.6 39.9 38.1 13.0% 12.5% 12.2% 12.3% 12.0% 12.0% 10.9% 10.8% 11.4% 10.5% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY3/24 FY3/25 FY3/26 November 6, 2025 38
Slide 39: Capital Expenditure / D&A Expense
Capital Expenditure / D&A Expense (Billions of yen) Capital expenditure Depreciation & Amortization expenses 147.0 * 94.8 83.6 80.0 * 73.5 66.2 69.0 58.4 53.0 45.2 46.1 34.3 FY3/22 FY3/23 FY3/24 FY3/25 FY3/26 FY3/26 1H Forecast * Capital expenditures of FY3/22 & FY3/23 include new HQ building acquis
Slide 40: ROIC (Return On Invested Capital)
ROIC (Return On Invested Capital) MinebeaMitsumi ＝ NOPAT Operating income x (1-tax rate) ROIC Invested capital (Notes receivable/accounts receivable + inventories + non-current assets - notes payable/accounts payable) Calculated using business assets (trade receivable/payable, inventories, non-curre