Minebeamitsumi Inc. · TSE:6479
Minebeamitsumi — Q1 2027 Earnings Presentation
35 slides from Minebeamitsumi's earnings presentation, Aug 5, 2026
Slide 1: Financial Results Briefing
Financial Results Briefing First Quarter of Fiscal Year Ending March 31, 2026 MinebeaMitsumi Inc. August 5, 2025
Slide 2: Summary of Consolidated Financial Results for 1Q
Summary of Consolidated Financial Results for 1Q Net sales and operating income exceeded the plan Net sales reached a record high for the 1Q FY3/25 FY3/26 Growth Rate (Billions of yen) 1Q 4Q 1Q YoY QoQ Net sales 355.5 374.8 366.9 +3.2% -2.1% Operating income 18.9 21.5 17.4 -7.8% -19.0% Profit before
Slide 3: Quarterly Trends: Net Sales, Operating Income, and Operating Income Margin
Quarterly Trends: Net Sales, Operating Income, and Operating Income Margin (Billions of yen) Net sales Operating income Operating margin 422.8 379.7 381.2 374.8 369.6 366.9 348.8 355.5 292.4 27.9 26.2 24.7 21.7 21.5 20.3 18.9 17.4 7.1% 6.7 5.7% 6.5% 5.8% 6.6% 5.7% 5.3% 4.8% 2.3% 1Q 2Q 3Q 4Q 1Q 2Q 3Q
Slide 4: 1Q Results: Variance from Previous Forecast
1Q Results: Variance from Previous Forecast (Announced May 9, 2025) (Billions of yen) 366.9 351.0 Net Sales 17.4 14.0 Operating Income August 5, 2025 4
Slide 5: 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% 66.8 20.8% 64.9 64.8 18.9% 62.7 17.6% 18.2% 61.4 6.3 17.1% 6.5 6.2 58.1 5.8 6.2 53.9 5.0 51.4 4.
Slide 6: 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 106.4 105.1 6.4% 6.3% 1.5 101.0 101.3 1.7 5.2% 4.7% 4.8% 99.1 3.9% 3.1% 3.7% 97.0 9.6 1.6 2.8 2.1% 1.5 8.
Slide 7: 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 8.0% 8.7% 8.7% 146.5 5.4% 4.9% 3.2% 2.6% 1.9% 0.7% 126.1 121.6 117.2 109.5 111.2 81.7 12.6 12.8 9.5 9.0 6.1 3.6 3.2 2.3 0.6 1Q 2Q 3Q 4Q 1Q 2
Slide 8: Quarterly Trends: Access Solutions (AS)
Quarterly Trends: Access Solutions (AS) Net sales (Billions of yen) Operating income (Billions of yen) Operating income Operating margin 7.3% 6.2% 4.3% 5.2% 2.7% 3.7% 3.4% 87.9 2.3% 83.0 84.4 81.5 82.0 80.2 78.9 77.6 0.2% 73.6 6.4 5.3 4.1 3.5 3.0 2.7 2.3 1.8 0.2 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1
Slide 9: 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 17.0 16.4 15.2 13.1 11.9 10.9 45.3 43.4 42.3 40.2 37.6 32.5 29.5 27.1 4.1 10.1 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY3/24
Slide 10: Inventories
Inventories (Billions of yen) 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 August 5, 2025 10
Slide 11: 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 252.7 241.4 201.7 208.6 200.0 207.0 67.0 54.5 25.5 7.9 4.3 (62.2) FY3/23 FY3/24 FY3/25 FY3/26 FY3/26 1Q Forecast Forecast (Base Scenario) (Risk Scenario) *Net interest-bearing debt: “Bonds and b
Slide 12: Earnings Forecast for FY3/26
Earnings Forecast for FY3/26 Revising the risk scenario for full-year forecast (Base scenario) (Risk scenario) FY3/25 FY3/26 (Base scenario) FY3/26 (Risk scenario) (Billions of yen) Full Year 1st Half 2nd Half Full Year YoY 1st Half 2nd Half Full Year YoY Net sales 1,522.7 774.5 745.5 1,520.0 -0.2%
Slide 13: Earnings Forecast for FY3/26 by Segment (Base Scenario)
Earnings Forecast for FY3/26 by Segment (Base Scenario) FY3/25 FY3/26 (Billions of yen) Full Year 1st Half 2nd Half Full Year YoY * Net sales 1,522.7 774.5 745.5 1,520.0 -0.2% Precision Technologies (PT) 255.7 127.5 128.5 256.0 +0.1% Motor, Lighting & Sensing (MLS) 407.7 207.0 220.0 427.0 +4.7% Semi
Slide 14: Earnings Forecast for FY3/26 by Segment (Risk Scenario)
Earnings Forecast for FY3/26 by Segment (Risk Scenario) FY3/25 FY3/26 (Billions of yen) Full Year 1st Half 2nd Half Full Year YoY * Net sales 1,522.7 774.5 725.5 1,500.0 -1.5% Precision Technologies (PT) 255.7 127.5 124.5 252.0 -1.4% Motor, Lighting & Sensing (MLS) 407.7 206.5 212.5 419.0 +2.8% Semi
Slide 15: Today’s Point
Today’s Point 1Q sales and OP exceeded expectations. Re-forecasting the impact of reciprocal tariffs 1Q revenue reached a record high, despite FX headwinds. All segments outperformed profit expectations. Expecting strong 2Q, but watching external risks like FX fluctuation and US reciprocal tariffs
Slide 16: US Sales Overview and Reciprocal Tariffs Impact
US Sales Overview and Reciprocal Tariffs Impact Assuming a 15% reciprocal tariff, the impact on 1Q performance is minor, both directly and indirectly US Sales Overview: Approx. ¥340 billion (FY3/26 forecast, billing basis) Direct Impact This portion is the direct subject of US reciprocal tariffs B
Slide 17: Forecast for FY 3/26
Forecast for FY 3/26 Impact from US tariffs is less than anticipated; revising the risk scenario for full-year forecast (Billions of yen) FY3/26（Base Scenario） FY3/26（Risk Scenario） Segment Full-Year Full-Year 1Q Result 2Q Forecast 1H Forecast 2H Forecast 2Q Forecast 1H Forecast 2H Forecast Forecast
Slide 18: Precision Technologies (PT) Update (1)
Precision Technologies (PT) Update (1) Bearings external sales hit a record high for the quarter Production volume is on track for a record in 2H Key points Ball bearing external and internal shipment volume (monthly average in millions) trend of PT operating profit margin (%) 1 Bearings • Quarterly
Slide 19: Precision Technologies (PT) Update (2)
Precision Technologies (PT) Update (2) Air cooling (fan motors) using bearings is expected to remain the main cooling method for server equipment in data centers due to its low installation and operating costs and convenience The expansion of data volumes will continue, and not only AI servers but
Slide 20: Motor, Lighting & Sensing (MLS) Update
Motor, Lighting & Sensing (MLS) Update Automotive motors secure global niche top and high margins, pursuing further profitability improvement FY3/26 1Q Motor business net sales by application Key points Other 1 Motors • Focusing on niche markets, including automotive motors, we are promoting the acq
Slide 21: Semiconductor & Electronics (SE) Update (1)
Semiconductor & Electronics (SE) Update (1) Performing well by focusing on niche areas for analog and power semiconductors Achieved an operating margin of approximately 20% in 1Q Key points Semiconductor business overview 5% 2% 1 Analog semiconductors • Demand for our niche top lithium-ion battery p
Slide 22: Semiconductor & Electronics (SE) Update (2)
Semiconductor & Electronics (SE) Update (2) Sub-core Although the sub-core business is heading toward recovery, it was affected by external factors such as the rare earth issue, US reciprocal tariffs, and foreign exchange in 1Q However, the ratio of the sub-core business to the overall business is l
Slide 23: Access Solutions (AS) Update
Access Solutions (AS) Update Despite the 15% U.S. reciprocal tariff, we aim to improve profitability by continuing with thorough, company-wide productivity improvement measures Key points Establishment of a new plant in India 1 Enhance production capability to meet surging demand in Improving prof
Slide 24: Topics
Topics Acquisition of all shares of the newly established company by TSUBAKI NAKASHIMA CO., LTD. We already announced in the release on February 9, 2024 that we plan to acquire the ball screws and ball ways manufacturing and sales business operated by TSUBAKI NAKASHIMA CO., LTD. After the discovery
Slide 25: Dividends
Dividends Dividends Interim dividend increased by 5 yen year-on-year FY3/26 Interim dividend TBD 25 Yen/share (Reference) FY3/25 Annual 45 yen/share (20 yen for interim, 25 yen for year-end） Policy Sustainable and stable dividends: Based on the medium-term cash allocation policy, stable dividends wi
Slide 26: Disclaimer
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 27: Reference
Reference August 5, 2025 27
Slide 28: Net Sales, Operating Income, and Operating Income Margin
Net Sales, Operating Income, and Operating Income Margin (Billions of yen) Net sales Operating income Operating margin Special 1,522.7 1,520.0 1,500.0 factors Special 10.5 1,402.1 factors -5.0 1,292.2 1,124.1 97.5 100.0 92.1 94.5 90.0 73.5 8.2% 7.5% 6.2% 6.6% 6.0% 5.2% FY3/22 FY3/23 FY3/24 FY3/25 FY
Slide 29: 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 255.7 256.0 25.8% 252.0 * 22.9％ 22.3% 24.8 24.0 21.8% 21.6% 24.0 21.8% 18.0% 211.4 Special factors 57.0 55.7 197.3
Slide 30: 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 7.0% 5.8% 5.8％ * 6.2% 427.0 419.0 30.0 407.7 8.0 * 3.2% 8.0 3.2％ 5.6% 7.4 38.0 36.5 371.0 366.3 369.
Slide 31: 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 9.0%* 516.0 513.5 7.2% 494.7 7.9% 4.7%* 3.7% 3.6% Special factors 429.1 FX forward 4.2% contract -3.1 Others -3.1 Total -6.1 47.8*
Slide 32: Access Solutions (AS)
Access Solutions (AS) Net sales (Billions of yen) Operating income (Billions of yen) *Excl. special factors Operating income Operating margin 9.9% 328.1 5.2%* 6.0% 5.2% 322.1 3.3% 316.0 0.5% 310.5 1.1%* 4.9% Special factors 17.3 194.7 19.4 Special factors -1.2 19.0 17.1* 16.0 145.6 15.9 10.6 2.1 * 0
Slide 33: 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 45.1 45.9 43.6 44.4 41.6 42.7 39.9 38.1 13.0% 12.5% 12.2% 12.3% 12.0% 12.0% 10.5% 10.9% 10.8% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY3/24 FY3/25 FY3/26 August 5, 2025 33
Slide 34: 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 67.0 58.4 53.0 45.2 21.6 17.1 FY3/22 FY3/23 FY3/24 FY3/25 FY3/26 FY3/26 1Q Forecast * Capital expenditures of FY3/22 & FY3/23 include new HQ building acquis
Slide 35: 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