Minebeamitsumi Inc. · TSE:6479
Minebeamitsumi — Q1 FY3/2026 Earnings Presentation
35 slides from Minebeamitsumi's earnings presentation, Aug 5, 2025
Slide 1: Q1 FY3/2026 Consolidated Financial Results
My name is Yoshida. Today I would first like to explain the consolidated financial results for the first quarter of the fiscal year ending March 31, 2026. 1
Slide 2: Consolidated results highlights
First, regarding numerical notation, figures were previously presented in units of millions or billions of yen. Starting from the first quarter of the fiscal year ended March 31, 2026, figures will be presented in units of 1 billion yen to provide a clearer overview of financial performance in princ
Slide 3: Quarterly net sales, operating income and margin
This is for quarterly trend in net sales, operating income and operating margin. The operating margin for the first quarter was 4.8%, down 0.5 percentage point year on year and down 0.9 percentage points quarter on quarter. 3
Slide 4: Forecast vs actual by segment
Here shows the difference between the forecast as of May and actual results for net sales and operating income by business segment for the first quarter. Net sales for PT exceeded expectations due to strong performance in data center applications and robust sales for automotive applications of beari
Slide 5: Precision Technologies quarterly trends
This slide shows the quarterly trends of PT segment. First quarter net sales decreased 2.9% quarter on quarter to total 64.8 billion yen. Sales of ball bearings were down 1.2% quarter on quarter to total 43.6 billion yen. The monthly external shipment volume increased 11.3% quarter on quarter for an
Slide 6: Motor, Lighting & Sensing quarterly trends
This slide shows the quarterly trends for the Motor, Lighting & Sensing segment. Net sales totaled 105.1 billion yen, an increase of 3.8% compared to the previous quarter. By product, sales of motors amounted to 80.2 billion yen, which was in line with the previous quarter, including resonant device
Slide 7: Semiconductor & Electronics quarterly trends
This slide shows the quarterly trends for Semiconductor & Electronics segment. Net sales totaled 117.2 billion yen, a decrease of 3.6% compared to the previous quarter. This was mainly due to the decline in sales of optical devices and the impact of the segment transfer related to smart products, de
Slide 8: Access Solutions quarterly trends
This slide shows the quarterly trends for the Access Solutions segment. Net sales totaled 78.9 billion yen, a decrease of 6.5% compared to the previous quarter. Operating income came to 2.7 billion yen, with an operating margin of 3.4%. Quarter on quarter, operating income decreased by 48.1%, and th
Slide 9: Profit attributable to owners and EPS
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 10.9 billion yen. Earnings per share was 27.1 yen. 9
Slide 10: Quarterly inventory trend
Next we have the quarterly inventory trend. At the end of the first quarter, inventory totaled 370.8 billion yen, an increase of 19.9 billion yen compared to three months ago. This was mainly due to the strategic buildup of inventories needed to meet the expected increase in sales from the second qu
Slide 11: 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 first quarter, net interest-bearing debt totaled ¥252.7 billion yen, an increase of ¥11.3
Slide 12: Full-year forecast risk scenario
The risk scenario for the full-year earnings forecast for the fiscal year ending March 2026, initially announced in May, has been revised. The base scenario remains unchanged. The exchange rate is assumed to be 140 yen to the U.S. dollar. 12
Slide 13: Forecast by segment, base scenario
This slide shows the forecast by business segment with the base scenario. 13
Slide 14: Forecast by segment, risk scenario
This slide shows the forecast by business segment with the risk scenario. This is all for my presentation. 14
Slide 15: Key points for today
Now, I would like to outline the key points for today. The first quarter results exceeded our expectations, and the reciprocal tariffs had no significant practical impact. However, the effective date for the 15% tariff on automobiles is still uncertain, and U.S. employment statistics have weakened.
Slide 16: US reciprocal tariffs impact
Regarding the U.S. reciprocal tariffs, of our sales to the U.S., approximately 160 billion yen from products manufactured and sold within the U.S. and approximately 180 billion yen from sales to U.S. customers outside the U.S. are not subject to the tariffs. The portion subject to tariffs is approxi
Slide 17: Sub-core business and future growth drivers
Actually, for the sub-core business, which includes products for games and optical devices (camera actuators for smartphones), the operating income for 1Q of the fiscal year ending March 2026 saw a year-on-year decrease of approximately 3 billion yen. The details of this will be explained on page 22
Slide 18: Precision Technologies (PT) outlook
Next is Precision Technologies (PT). Bearings are performing exceptionally well; quarterly external sales volume has set a new record, and sales have exceeded the plan (monthly average) by approximately 24 million units. We continue to receive many orders, and we are aiming to achieve a record-high
Slide 19: Data center fan motor demand
As I have mentioned before, even with changes in cooling methods for data centers, the demand for fan motors remains solid, and naturally, we believe that the room for sales growth for our high-performance bearings will continue to expand. 19
Slide 20: Motors, Lighting & Sensing (MLS) outlook
Next is Motors, Lighting & Sensing (MLS). Motors are also doing very well. We expect margins for our fan motors to improve going forward. While we may not set a new record for operating income, we expect a figure close to it for the fiscal year ending March 2026. For hard disk drives, sales of high
Slide 21: Semiconductor & Electronics (SE) outlook
Next is Semiconductor & Electronics (SE). First, I will discuss our semiconductor business. Price adjustment for Minebea Power Semiconductor Devices are proceeding slowly but steadily, and its profitability is recovering. Although a minor issue occurred at the production site, it has now been correc
Slide 22: Sub-core business explanation
On this page, I will explain the sub-core business. Regarding the bar chart on the right, in 1Q of the fiscal year ended March 2025, the company-wide operating income was 18.9 billion yen, with a slight profit from the sub-core business added on top of the core business. On the other hand, in 1Q of
Slide 23: Access Solutions (AS) outlook
Next is Access Solutions (AS). Productivity improvements at AS have progressed significantly, especially in key processes. In fact, we expect earnings to accelerate in the second half of the fiscal year. In the case of automobiles, it takes two to three years from the start of design to launch, but
Slide 24: TSUBAKI NAKASHIMA acquisition and divestiture
TSUBAKI NAKASHIMA's compact and high-precision ball screws and ball ways will be essential for humanoids and other applications, and I believe these are parts where we can truly leverage our strengths. Although there was a quality falsification issue at TSUBAKI NAKASHIIMA, we have confirmed that it
Slide 25: Dividends
Regarding dividends, the interim dividend for the fiscal year ended March 2025 was 20 yen, but we have decided on an interim dividend of 25 yen for the fiscal year ending March 2026. We have changed our policy to target a dividend payout ratio of 20% to around 30%, and if the current strong performa
Slide 26: Disclaimer
MinebeaMitsumi ssion to Create Value through Difference Any inthis: which are are future projections basedon certain \d executive drawn from currently available information. Please note that actual performance may vary significantly from any particular projection due to various factors, Factors affe
Slide 27: Reference
August 5, 2025 Reference 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 ~<O- Operating margin FY3/22 FY3/23 FY3/24 : FY3/25 : FY3/26 Forecast (Base scenario) Forecast (Risk scenario) August 5, 2025 28 MinebeaMitsumi passant Grose tos trsogh Dtrsass 28
Slide 29: Precision Technologies annual results and forecast
- a les Technolog Net sales (Billions of yen) ision Prec "Excl special factors, Billions of income Ope: Forecast Forecast (Base scenario) (Risk scena = Operating income =O= Operating margin Forecast FY3/24 FY3/25 FY3/26 Forecast (Base scenario) (Risk scenai FY3/23 FY3/22 [= Ball Bearings * Rod-ends/
Slide 30: Motor, Lighting & Sensing annual results and forecast
7) | ® 2) 3 oD c = = -! — ° — ° = 5 o 2 a 3s 2 (Fk Setar MinebeaMitsumi “Excl special factors: Forecast — (Base scenario) [== Operating income =O Operating margin | Operating income (Billions of yen) Forecast Forecast (Base scenario) (Risk scenario) fi August 5, 2025 30
Slide 31: Semiconductor & Electronics annual results and forecast
“Excl special factors, Operating income (Billions of yen) [= Operating income =O= Operating margin ] 527.6 Net sales (Billions of yen) 530.1 35.5 418 FY3/26 Forecast Forecast FY3/23 FY3/24 FY3/25 FY3/26 FY3/22 FY3/23 FY3/24 FY3/25 Forecast Forecast (Base scenario) (Risk (Base scenario) (Risk FY3/22
Slide 32: Access Solutions annual results and forecast
ccess Solutions (AS) Net sales (Billions of yen) Operating income (Billions of yen) eae soecal esors [== Operating income “O- Operating margin | 6.0% 5.2% eoeccce ° ° }------------------s FY3I22 FY3/23 FY3I24 Fy3/25 FY3/26 Fy3i22 FY3/23 FY3I24 FY3/25 FY3/26 Forecast — Forecast Forecast Forecast (Bas
Slide 33: S.G.&A. Expense / Ratio
S.G.&A. Expense / Ratio (Billions of yen) |= S.G.&A. expenses <C> S.G.&A. to sales ratio | August 5, 2025 33 MinebeaMitsumi Passion to Create Valve through 33
Slide 34: Capital Expenditure / D&A Expense
Capital Expenditure / D&A Expense (Billions of yen) |= Capitalexpenditure m= Depreciation & Amortization expenses | 147.0° 80.0 | 167.0 i oft 1 1 ' ' I A en ee ' 21.6 474 rot i oft ! ' f er ee FY3/22 FY3/23 FY3/24 FY3/25 FY3/26 FY3/26 1Q Forecast * Capkal expenditures of FY 3/22 & FY 3/23 include ne
Slide 35: ROIC (Return On Invested Capital)
ROIC (Return On Invested Capital) . . : iti 1 MinebeaMitsumi NOPAT Operating income x (1-tax rate) i (Notes receivable/accounts receivable + inventories ROIC Invested capital + mon-current assets - notes payable/accounts payable) Calculated using business assets (trade receivable/payable, inventorie