Minebea Mitsumi Inc U/Adr (MINBY) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, this is Yoshida. Today, I would like to explain the consolidated financial results for the third quarter of the fiscal year ending March 2026. Consolidated net sales for the third quarter of the fiscal year ending March 2026 was up 22.8% year-on-year and up 10.3% quarter-on-quarter to total 453.9 billion yen. Operating income was up 17.8% year-on-year and up 14.3% quarter-on-quarter to total 30.8 billion yen. Profit for the period attributable to owners of the parent was up 19.4% year-on-year and increased by 17.5% quarter-on-quarter to total 20.8 billion yen. Both net sales and operating income exceeded our plan. We estimate that foreign currency exchange risk to have a quarter-on-quarter impact of plus 12.8 billion yen and year-on-year impact of plus 9.6 billion yen in net sales. Quarter-on-quarter impact was plus 1.7 billion yen and year-on-year impact was plus 0.2 billion yen in operating income. This is the quarterly trend in net sales, operating income, and operating margin. The operating margin for the third quarter was 6.8%. This represents a year-on-year decrease of 0.3 percentage points and a quarter-on-quarter increase of 0.2 percentage points. This is the difference between the forecast as of November and actual results for net sales and operating income by business segment for the third quarter. Nest cells of PT exceeded the forecast primarily due to strong performance in bearings for data centers and automobiles. MLS performed solidly, primarily driven by HDD motors and lighting devices, exceeding expectations. In the SE cells, semiconductors such as lithium battery protection ICs and mechanical components performed well, exceeding the forecast. AS was also above expectations primarily driven by automotive devices. Regarding operating profit, PT ...