Minebea Mitsumi Inc U/Adr (MINBY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. This is Yoshida. Today, I would like to first explain the financial results overview for the fiscal year ended March 31st, 2025 and the forecast for the fiscal year ending March 31st, 2026. Consolidated net sales for the fiscal year ending March 31st, 2025 was up 8.6% year-on-year to total 1,522,703 million yen. Operating income was up 28.5% year-over-year to total Profit for the period attributable to owners of the parent was up 10% year-on-year to 59.457 billion yen. Net sales hit record highs and increased for 13 consecutive terms. Operating income includes one-time expenses of approximately 5 billion yen. Details will be explained later in the slides for each segment. Due to the depreciation of the yen, there was an increase of ¥72.7 billion in net sales and an increase of ¥10.5 billion in operating income from the previous year. The financial statements for the quarter ending March 2025 have been slightly retroactively adjusted to reflect the processing of the PPAs of Minabea Power Devices and SocioNext. Please note that the figures on the subsequent pages used the revised figures. Consolidated sales for the fourth quarter of fiscal year ending March 2035 was up 7.5% year-on-year and up 1.4% quarter-on-quarter to total 374.823 billion yen. Operating income was up 5.8% year-on-year and down 17.7% quarter-on-quarter to total 21.531 billion yen. Profit for the period attributable to owners of the parent decreased by 7.4% year-on-year and was down by 2.6% quarter-and-quarter to a total of 16.966 billion yen. Operating income for the fourth quarter includes a one-time charge of approximately 3 billion yen. In this fourth quarter, the continued depreciation of the yen had a positive foreign exchange impact, increasing net sales by 7.2 billion yen quart...