Minebea Mitsumi Inc U/Adr (MINBY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, this is Yoshida speaking. Today, I would like to explain the consolidated financial results for the second quarter of the fiscal year ending March 2026. Consolidated net sales for the second quarter of the fiscal year ending March 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 billion yen. Profit for the period attributable to owners of the parent was up 48.4% year-on-year and increased by 62.5% quarter-on-quarter to total 17.7 billion yen. Both net sales and operating income exceeded the plan. We estimate that foreign currency exchange rates have a quarter-on-quarter impact of plus 3.8 billion yen and year-on-year impact of minus 12.7 billion yen in net sales. Quarter-on-quarter impact was minus 0.6 billion yen and year-on-year impact was minus 5.3 billion yen in operating income. This is a summary result for the first half. Net sales hit for the first half record high, albeit by a small margin. This is for the 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 1.8 percentage points quarter-on-quarter. This 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. For net sales, PT exceeded the forecast, primarily due to strong performance in bearings for data centers and automobiles. MLS sales remained strong, primarily driven by HDD motors and data center FAM motors. In SE sales, semiconductors were strong, but optical device sales fell short of expectations due to factors such as export restrictions on rare eart...