Minebeamitsumi Inc. · TSE:6479
Minebeamitsumi — Q2 FY2026 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 MinebeaMitsumi Passion to Create Value through Difference
Slide 2: Today's Agenda
Today’s Agenda 1. Financial Results Overview and Forecast 2. Business Update & Management Strategy : MinebeaMitsumi
Slide 3: Introduction to second quarter consolidated results
Hello this is Yoshida. Today I would first like to explain the consolidated financial results for the second quarter of the fiscal year ending March 31, 2026. 3
Slide 4: Q2 consolidated net sales and operating income
Consolidated net sales for the second quarter of the fiscal year ending March 31, 2026, was down 2.7% year on year and up 12.1% quarter on quarter to total 411.4 billion yen. Operating income was down 3.3% year on year and up 54.6% quarter on quarter to total 27.0 billion yen. Profit for the period
Slide 5: First half summary results
This is the summary result for the first half. Net sales hit the first half record high, albeit by a small margin. 5
Slide 6: Quarterly trend in sales, operating income and margin
This is for quarterly trend in net sales, operating income and operating margin. The operating margin for the second quarter was 6.6%. This represents a flat year-on-year change and up 1.1 percentage points quarter on quarter. 6
Slide 7: Forecast versus actual results by segment
Here shows the difference between the forecast as of August and actual results for net sales and operating income by business segment for the second quarter. Net sales of PT exceeded the forecast, primarily due to strong performance in bearings for data centers and automobiles. MLS sales remained st
Slide 8: Precision Technologies segment quarterly trends
This slide shows the quarterly trends of PT segment. On the left is a graph indicating yearly net sales trends and on the right is a graph with a bar chart showing yearly operating income trends along with a line chart for operating margins. Second quarter net sales increased 5.6% quarter on quarter
Slide 9: Motor, Lighting & Sensing segment quarterly trends
This slide shows the quarterly trends for Motor, Lighting & Sensing segment. Net sales increased 7.6% quarter on quarter to total 113.1 billion yen. Looking at the results by product, we see that sales of motors increased 5.1% quarter on quarter to reach 84.3 billion yen. Sales of electronic devices
Slide 10: Semiconductors & Electronics segment quarterly trends
This slide shows the quarterly trends for Semiconductors & Electronics segment. Net sales increased 28.0% quarter on quarter to total 150.0 billion yen. Operating income totaled 7.4 billion yen while the operating margin was 4.9%. Operating income increased 5.1 billion yen and the operating margin i
Slide 11: Access Solutions segment quarterly trends
This slide shows the quarterly trends for Access Solutions segment. Net sales totaled 78.9 billion yen and remained almost flat from the previous quarter. Operating income came to 4.4 billion yen, and the operating margin was 5.6%. Operating income increased 1.7 billion yen and the operating margin
Slide 12: Profit attributable to owners and earnings per share
The bar graph here shows trends in profit attributable to owners of the parent while the line graph chart changes in the profit for the period per share. The profit for the period was 17.7 billion yen. Earnings per share was 44.07 yen. 12
Slide 13: Quarterly inventory trend
Next we have the quarterly inventory trend. At the end of the second quarter, inventory totaled 402.1 billion yen, which is 31.3 billion yen less than what it was three months ago. This is primarily due to the strategic build-up of inventory necessary to meet the anticipated increase in sales expect
Slide 14: Net interest-bearing debt and free cash flow
This graph contains a bar chart showing trends in net interest-bearing debt, which is total interest-bearing debt minus cash and cash equivalents, and a line chart indicating free cash flows. At the end of the second quarter, net interest-bearing debt, totaling 271.0 billion yen, was up 29.6 billion
Slide 15: Full-year forecast maintained
We maintained the net sales and operating income forecast for the fiscal year ending March 31, 2025. The exchange rate is assumed to be 140 yen to the U.S. dollar. The assumed exchange rate remains unchanged from the first half of the year. 15
Slide 16: Forecast by business segment
This slide shows the forecast by business segment. 16
Slide 17: Revised forecast versus August forecast
This chart shows the difference between the revised forecast this time and the forecast as of August. 17
Slide 18: Net Sales, Operating Income / Margin / Real Operating Margin
Net Sales, Operating Income / Margin / Real Operating Margin (Billions of yen) © Netsales Operating income -O- Operating margin <-> Real operating margin* 1,522.7 FY3/22 FY3/23 FY3/24 FY3/25 FY3/26 Forecast * Real operating margin: Operating profit margin less the impact of sales revenue from custom
Slide 19: Business operations and management strategy overview
Now, I will present an overview of our business operations and management strategy. 19
Slide 20: First half review and Thai baht impact
Regarding the first half, one notable point is the significant appreciation of the Thai baht. Compared to the first half of the fiscal year ended March 2025, when the exchange rate was 1 USD = 36.15 THB, the first half of the fiscal year ending March 2026 saw a rate of 1 USD = 33.01 THB, representin
Slide 21: Tariff impact and operating income forecast of 100 billion yen
The impact of U.S. reciprocal tariffs was ultimately extremely limited. For the fiscal year ending March 2026, we had previously issued a range for our earnings forecast. However, based on the current situation, we have determined that the outlook is now sufficiently clear. Therefore, we have decide
Slide 22: First half operating income versus guidance
This slide was created to deepen your understanding. For the fiscal year ending March 2026, operating income appears at first glance to be down year-on-year. However, we anticipated issues related to rare earths and significant challenges in launching the optical device business from the outset. The
Slide 23: Precision Technologies: bearings, rod-ends, Boeing certification
Precision Technologies (PT) segment consists of three pillars: bearings, rod-ends & fasteners, and PMC. October production reached 321.65 million units, with sales at 331.41 million units, nearly matching the all-time high level. Under the current plan, we have been informed that production targetin
Slide 24: New Pursat Plant
Now, I will explain the new Pursat Plant. I personally visited the site the week before last. We have acquired an extremely large plot of land, 500,000 square meters, and are also constructing a solar power generation facility nearby. The vision is to operate all of our Cambodia operations 100% carb
Slide 25: Minebea Linear Motion target markets
Let me explain the target markets for Minebea Linear Motion. As shown on the slide, we will achieve Integration between motors and reducers using ultra-precise ball screws, and analog semiconductors. Through these, we plan to develop products for semiconductor manufacturing equipment and other appli
Slide 26: Robotic hands and humanoid robots at CES 2026
We will exhibit robotic hands at CES in January 2026. As noted on the slide, under the concept of Integration and Collaboration, we are jointly developing a new type of hand that has never existed before with a manufacturer. Our estimates project that the number of operational robots will reach 1.42
Slide 27: Motor, Lighting & Sensing: AI server market
Next, we will explain the Motor, Lighting & Sensing (MLS) segment. First, regarding the AI server market, as stated here, it is expected to grow into an investment market worth approximately 200 trillion yen by 2031, and there is significant potential for our products to be adopted in this field. Sp
Slide 28: Semiconductor & Electronics business
Next, I will explain the Semiconductor & Electronics (SE) business. First, regarding the semiconductor business, we continue to focus on securing orders to maximize the production capacity of our Shiga Plant. However, we believe we have secured a robust overall profit level for the business that mor
Slide 29: Access Solutions productivity improvements
Next is Access Solutions (AS). Looking at the profit level for the first half, some of you may be concerned, "Is this level really okay?" However, AS is currently undergoing significant productivity improvements, with particularly notable effects in reducing scrap. As a Tier 1 manufacturer, AS opera
Slide 30: Investor Relations Day and five growth areas
We will hold our Investor Relations Day as scheduled on November 27. During this event, we plan to focus on and explain to you once again the five growth areas where we will significantly flourish toward 2030: AI server products, humanoid robot products, fully autonomous driving (LiDAR-related) prod
Slide 31: Annual dividend increased to 50 yen
Regarding dividends, we will increase the annual dividend to 50 yen per share. Historically, we often announced the year-end dividend as "TBD" in our second-quarter earnings reports. As mentioned at the outset, we anticipate a typical second-half performance pattern for the fiscal year ending March
Slide 32: Forward-looking statements disclaimer
MinebeaMitsumi Passion to Create Value through Difference 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 mayvary significantly fro
Slide 33: Reference
Reference 33
Slide 34: Precision Technologies (PT)
Precision Technologies (PT) Net sales (Billions of yen) Operating income (Billions of yen) Sale aa ™ BallBearings —" Rod-ends/Fasteners_ © PMC == Operating income =O Operating margin 255.7 ae, t mm oom 21.4 1 1 197.3 oe 1 610 ! ' 1 59 it : 1775 ! 1 ' H : 1 ! 1 1 : t 1 1 : 38.0 t 1 1 1 7 ' 1 1 t 1 1
Slide 35: Motor, Lighting & Sensing (MLS)
Motor, Lighting & Sensing (MLS) Net sales (Billions of yen) Operating income (Billions of yen) fesctinescel mckes = Motors “Electronic devices * Sensing devices * Other = Operating income =O Operating margin 434.0 5.8% 5.806" ste 4017 ==" x 3.2% 56% ueiiehiees 1375 4 o” : — 29.0_ 31.0 3663 369.4 HK
Slide 36: Semiconductor & Electronics (SE)
Semiconductor & Electronics (SE) - . *Excl. special factors Net sales (Billions of yen) Operating income (Billions of yen) © Operating income =O Operating margin 98% 530.1 527.6 - 31.0_ | 9.0%" 494.7 H ' 1 1 7%" ! 1 3.6% 429.1 1 ! yi ee) : n ' 1 1 1 u 1 ' 1 f 1 41.8 1 n 1 ! 1 1 ' t i) 1 i * ' < ' 1
Slide 37: Access Solutions (AS)
Access Solutions (AS) Net sales (Billions of yen) Operating income (Billions of yen) “Peck special factors © Operating income =O= Operating margin 328.1 5.2%" 5.9% 322.1 . . 22to 0.5% 9.9% 238 m2 1 1 ° 49% 1 1 1.1%" 1 1 1 1 ' 1 1 1 1 1 ' 1 Specal acts H H ' Specat Tacos 194.7 ' Hy + 19.0 1 f q * moo
Slide 38: S.G.&A. Expense / Ratio
S.G.&A. Expense / Ratio (Billions of yen) |" S.G.&A. expenses =<C> S.G.&A. to sales ratio [4a 38 MinebeaMitsumi Oitterence 38
Slide 39: Capital Expenditure / D&A Expense
Capital Expenditure / D&A Expense (Billions of yen) |" Capitalexpenditure |= Depreciation & Amortization expenses 147.0" 83.6 FY3/26 1H 80.0 169.0 Lee FY3/26 Forecast * Capital expendtures of FY3/22 & FY3/23 include new HQ building acquisition expenses MinebeaMitsumi Passion to Create Valve through
Slide 40: ROIC (Return On Invested Capital)
ROIC (Return On Invested Capital) MinebeaMitsumi NOPAT Operating income x (1-tax rate) ROIC "Invested capital STron current assets note payabeleccouts payee) Calculated using business assets (trade receivable/payable, inventories, non-current assets) by segment 4) (%) “© Total -* Precision Technolog