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MinebeaMitsumi : Notice Regarding Revisions to Full-Year Consolidated Business Forecasts for Fiscal Year Ending March 31, 2022
MinebeaMitsumi : Notice Regarding Revisions to Full-Year Consolidated Business Forecasts for Fiscal Year Ending March 31,

About this update from Minebeamitsumi Inc.
February 4, 2022 To whom it may concern: Company Name: MINEBEA MITSUMI Inc. Representative: Yoshihisa Kainuma Representative Director, CEO & COO (Code No. 6479, TSE Div. No. 1) Contact: Katsuhiko Yoshida Director, Senior Managing Executive Officer Phone: +81-(0)3-6758-6711 Notice Regarding Revisions to Full-Year Consolidated Business Forecasts for Fiscal Year Ending March 31, 2022 MINEBEA MITSUMI Inc. announced today that it has revised the full-year consolidated business forecasts announced on November 5, 2021 for the fiscal year ending March 31, 2022 (from April 1, 2021 to March 31, 2022) in light of recent business conditions. 1. Revisions to the Full-Year Consolidated Business Forecast for the Fiscal Year Ending March 31, 2022 (from April 1, 2021 to March 31, 2022) Profit for the Net sales Operating period Net income attributable to income per share owners of the parent millions of yen millions of yen millions of yen yen Previous forecast (A) 1,050,000 90,000 72,000 177.69 (announced on November 5, 2021) Revised forecast (B) 1,100,000 92,000 72,500 178.91 Difference (B-A) 50,000 2,000 500 - Difference (%) 4.8 2.2 0.7 - (Reference) Results for the fiscal year ended 988,424 51,166 38,759 94.95 March 31, 2021 2. Reasons for Revisions The future of the global economy remains uncertain in the fourth quarter and thereafter, including the impact of COVID-19 and exchange rate fluctuation. In addition to third quarter results exceeding the initial forecast, we expect demand for semiconductor devices, optical devices, ball bearings, and other products to remain strong in the fourth quarter. As such, we have revised the forecast as described above. (Note) The business forecasts contained in this press release are made based on information available as of the date of the announcement. The actual results may differ from the forecasts due to a variety of factors in the days to come. ###
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