Results Summary
Latest Update : Aug.7, 2025
Back to Financial Results (FY3/2026)
Overview for the 1Q of FY 3/2026 (From April 1, 2025 to June 30, 2025)
During the three months ended June 30, 2025, the global economy showed a mixed performance in each region amid growing uncertainty about the outlook against the backdrop of the imposition of reciprocal tariffs by the U.S.
The Japanese economy saw steady capital investment despite some weakness in exports of automobiles to the U.S. against the backdrop of the increase in reciprocal tariffs. The U.S. economy has remained uncertain, as personal consumption was weighed down by rising raw material prices and inflation concerns following the imposition of reciprocal tariffs, despite last-minute increases in imports ahead of the tariff implementation. The European economy remained firm as steady wage growth supported personal consumption, despite a decline in exports to the U.S. in reaction to last-minute demand. The Chinese economy has remained uncertain, although the government's economic stimulus measures supported domestic demand and a last-minute increase in exports was observed following the postponement of reciprocal tariffs. The economies of Southeast Asian countries remained firm overall due to an increase in exports driven by last-minute demand ahead of the imposition of reciprocal tariffs.
Working against this backdrop, the MinebeaMitsumi Group (our "Group") concentrated on improving productivity, thoroughly cutting costs, creating high-value-added products, developing new technologies, and enhancing its marketing approach to achieve sustainable growth and boost profitability further.
As a result, net sales increased by 11,471 million yen (3.2%) year on year to 366,925 million yen. Operating income decreased by 1,469 million yen (-7.8%) year on year to 17,432 million yen, profit before income taxes decreased by 2,644 million yen (-14.5%) to 15,589 million yen, and profit for the period attributable to owners of the parent decreased by 2,259 million yen (-17.2%) to 10,889 million yen.
In addition, during the previous consolidated fiscal year, the provisional accounting treatment for the business combination was finalized. The finalized details of the provisional accounting treatment have been reflected in the figures for the first quarter of the previous consolidated fiscal year.
Performance by Segment for the 1Q of FY 3/2026 (From April 1, 2025 to June 30, 2025)
In addition, some classification in "Motor, Lighting & Sensing segment" and "Semiconductor & Electronics segment" have changed from the first three months of the fiscal year. The segment information disclosed for the first three months of the previous 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 steady demand for servers for data centers and use in aircraft. In addition, sales of rod-end bearings increased due to an increase in aircraft-related demand.
As a result, net sales increased by 2,160 million yen (3.4%) year on year to 64,815 million yen, and operating income increased by 938 million yen (7.2%) to 13,951 million yen.
Motor, Lighting & Sensing Business
The main products in the Motor, Lighting & Sensing segment include electronic devices such as LED backlights for LCDs and smart products, as well as HDD spindle motors, sensing devices (measuring components), stepping motors, DC motors, fan motors, automotive motors, and special devices. Sales increased mainly due to an increase in demand for battery modules.
As a result, net sales increased by 1,745 million yen (1.7%) year on year to 105,133 million yen, while operating income decreased by 443 million yen (-8.0%) to 5,085 million yen.
Semiconductor & Electronics Business
The main products in Semiconductor & Electronics segment include semiconductor devices, optical devices, mechanical components, and power supply components. Sales increased mainly due to an increase in sales of mechanical components.
As a result, net sales increased by 10,249 million yen (9.6%) year on year to 117,210 million yen, while operating income decreased by 942 million yen (-29.4%) to 2,250 million yen.
Access Solutions Business
The main products in the Access Solutions segment include key sets, door latches, door handles, and other automotive components as well as industrial equipment components. Sales decreased due to a decrease in automobile production.
As a result, net sales decreased by 2,636 million yen (-3.2%) year on year to 78,899 million yen, and operating income decreased by 288 million yen (-9.6%) to 2,712 million yen.
Other Business Segment
Software design and development, and machines produced in-house are the main products in our Other business segment.
Net sales decreased by 47 million yen (-5.1%) year on year to 868 million yen, and operating loss increased by 204 million yen year on year to 451 million yen.
In addition to the figures noted above, 6,115 million yen in corporate expenses, etc. not attributable to any particular segment is indicated as adjustments. The total amount of adjustments was 5,585 million yen for the same period of the previous fiscal year.
Analysis of Financial Position for the 1Q of FY 3/2026 (From April 1, 2025 to June 30, 2025)
Assets, Liabilities, and Net Assets
Our Group sees "strengthening our financial position" as a top priority and is taking various steps, such as efficient controlling of capital investments, asset management, and reducing interest-bearing debt. We will reform our portfolio to increase the weight of our highly profitable core businesses and engage in highly effective M&A, promoting an appropriate and flexible financial strategy.
Total assets at the end of the three months were 1,645,924 million yen, an increase of 61,110 million yen from the end of the previous fiscal year. The main reason for this was an increase in cash and cash equivalents, and inventories.
Total liabilities at the end of the three months were 893,945 million yen, an increase of 63,756 million yen from the end of the previous fiscal year. The main reason for this was an increase in bonds and borrowings.
Equity amounted to 751,979 million yen, and the equity ratio attributable to owners of the parent was 45.0%, a decrease of 1.9 percentage points from the end of the previous fiscal year.
Condition of Cash Flows
Cash and cash equivalents at the end of the three months were 255,804 million yen, an increase of 41,548 million yen from the end of the previous fiscal year.
Cash flows from each business activity during the three months ended June 30, 2025, and relevant factors were as follows: Net cash provided in operating activities amounted to 23,293 million yen (compared to 30,203 million yen in the same period of the previous 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 amounted to 19,009 million yen (compared to 61,722 million yen in the same period of the previous year). This was primarily due to purchase of property, plant and equipment. Net cash provided by financing activities amounted to 38,554 million yen (compared to 31,505 million yen used in financing activities in the same period of the previous year). This was primarily due to changes in short-term borrowings.
The content of this page is based on information included in the "Brief Report for First Quarter of Fiscal Year Ending March 2026 (From April 1, 2025 to June 30, 2025)" announced on August 5, 2025.
