Results Summary
Latest Update : May 12, 2025
Back to Financial Results (FY3/2025)
Overview for the FY 3/2025 (From April 1, 2024 to March 31, 2025)
During the consolidated fiscal year, the Japanese economy continued to recover moderately as inbound demand and capital investment remained firm. The U.S. economy remained sluggish due to uncertainty surrounding the outlook driven by the tariff hike which pushed down personal consumption, despite the expansion of domestic production activities, including automobiles, driven by the backdrop of last-minute demand ahead of the anticipated imposition of the tariffs. In Europe, the economic outlook has been uncertain, as exports to China remain sluggish despite a temporary increase in exports to the U.S. in preparation for concerns over a potential increase in the U.S. tariffs. In the Chinese economy, domestic demand and capital investment driven by the government's subsidy policy were favorable, and exports increased due to a last-minute demand in preparation for a potential increase in the U.S. tariffs. However, the economic outlook remains uncertain since the exports increase was temporary. In Southeast Asia, the economy remained firm as exports and domestic demand continued their steady upward trend.
Working against this backdrop, the MinebeaMitsumi Group (our "Group") concentrated on cutting costs, creating high-value-added products, developing new technologies, and enhancing its marketing approach to boost profitability further.
As a result, net sales were up 120,576 million yen (8.6%) year on year to 1,522,703 million yen. Operating income was up 20,946 million yen (28.5%) year on year to 94,482 million yen, profit before income taxes was up 7,064 million yen (9.4%) to 82,609 million yen, and profit for the year attributable to owners of the parent was up 5,422 million yen (10.0%) to 59,457 million yen.
The above includes the profit and loss of Minebea Power Semiconductor Device Inc. (former Hitachi Power Semiconductor Device, Ltd.) acquired on May 2, 2024.
Performance by Segment for the FY 3/2025 (From April 1, 2024 to March 31, 2025)
In addition, some classification in "Semiconductor & Electronics segment", "Access Solutions segment", and "Adjustments" have changed from the current consolidated fiscal year. The segment information disclosed for the previous fiscal year has been prepared based on the classification of reporting segments after the corporate organization change.
Precision Technologies Segment
The main products in Precision Technologies segment include our Group's anchor product line, ball bearings, in addition to mechanical components such as rod-end bearings used primarily in aircraft and hard disk drive (HDD) pivot assemblies, etc. as well as fasteners for aircraft. Sales of ball bearings, our Group's mainstay product, increased due to favorable sales for fan motors resulting from steady demand for servers for data centers. In addition, sales of pivot assemblies increased due to firm demand for use in HDD. Sales of rod-end bearings increased due to an increase in aircraft-related demand.
As a result, net sales were up 44,296 million yen (21.0%) year on year to 255,702 million yen, and operating income was up 17,661 million yen (46.4%) to 55,696 million yen.
Motor, Lighting & Sensing Business
The main products of Motor, Lighting & Sensing segment include electronic devices (devices such as LED backlights for LCDs, sensing devices (measuring components), etc.), HDD spindle motors, stepping motors, DC motors, fan motors, automotive motors, and special devices. Sales increased mainly due to firm demand for spindle motors for HDD.
As a result, net sales were up 38,355 million yen (10.4%) year on year to 407,743 million yen, and operating income was up 11,117 million yen (93.7%) to 22,984 million yen.
Semiconductor & Electronics Business
The main products in Semiconductor & Electronics segment are semiconductor devices, optical devices, mechanical components, power supply components, and smart products. Although sales of mechanical components declined, sales increased due to the acquisition of Minebea Power Semiconductor Device Inc.
As a result, net sales were up 32,929 million yen (6.7%) year on year to 527,646 million yen, while operating income was down 13,519 million yen (-38.0%) to 22,003 million yen.
Access Solutions Business
The main products of Access Solutions segment are key sets, door latches, door handles, and other automotive components as well as industrial equipment components. Sales increased due to an increase in demand for automotive antennas.
As a result, net sales were up 5,973 million yen (1.9%) year on year to 328,081 million yen, and operating income was up 5,299 million yen (49.9%) to 15,924 million yen.
Other Business Segment
Software design, development, and machines produced in-house are the main products in our Other business segment.
Net sales were down 977 million yen (-21.7%) year on year to 3,531 million yen, and the operating loss was up 466 million yen to 1,194 million yen.
In addition to the figures noted above, 20,931 million yen in corporate expenses, etc. not belonging to any particular segment is indicated as adjustments. The total amount of adjustments in the previous fiscal year was 21,785 million yen.
Analysis of Financial Position for the FY 3/2025 (From April 1, 2024 to March 31, 2025)
Assets, Liabilities, and Net Assets
Total assets at the end of the fiscal year under review were 1,584,814 million yen, up 168,692 million yen from the end of the previous fiscal year. The main reason for this was an increase in cash and cash equivalents, inventories and property, plant and equipment.
Total liabilities at the end of the fiscal year under review were 830,189 million yen, up 129,791 million yen from the end of the previous fiscal year. The main reason for this was an increase in bonds and borrowings, and trade and other payables.
Equity came to 754,625 million yen, bringing the equity ratio attributable to owners of the parent down 2.8 percentage points from the end of the previous fiscal year to 46.9%.
Condition of Cash Flows
Cash and cash equivalents at the end of the fiscal year under review were 214,256 million yen, up 67,592 million yen from the end of the previous fiscal year.
Cash flows from various business activities during the fiscal year under review and relevant factors were as follows: Net cash provided in operating activities came to 133,672 million yen (compared to 101,759 million yen in the previous fiscal year). This was primarily due to changes in profit before income taxes, depreciation and amortization, inventories and trade and other receivables. Net cash used in investing activities came to 125,772 million yen (compared to 76,299 million yen in the previous fiscal year). This was primarily due to purchase of property, plant and equipment and purchase of investments in subsidiaries resulting in change in scope of consolidation. Net cash provided by financing activities came to 63,996 million yen (compared to 30,208 million yen used in financing activities in the previous fiscal year). This was primarily due to proceeds from long-term borrowings and an increase in short-term borrowings.
The content of this page is based on information included in the "Brief Report of Financial Results for the year ended March 31, 2025 [IFRS] (Consolidated)" announced on May 9, 2025.
