Results Summary
Latest Update : Feb.6, 2026
Back to Financial Results (FY3/2026)
Overview for the 3Q of FY 3/2026 (From April 1, 2025 to December 31, 2025)
During the nine months ended December 31, 2025, the global economy showed a mixed performance in each country amid growing uncertainty about the outlook against the backdrop of the imposition of reciprocal tariffs by the U.S.
The Japanese economy saw steady personal consumption following improvements in employment and income conditions, and capital investment has also remained robust, driven by labor shortages and digital transformation (DX). The U.S. economy is expected to slow down in the future due to a cooling of personal consumption. This is attributable to a deterioration in the corporate employment and income environment caused by higher costs resulting from the pass-through of reciprocal tariff increases. The European economy remained firm as the personal consumption supported by a favorable employment environment, although experiencing a continuous decline in exports to the U.S. due to the U.S. reciprocal tariff increases. The Chinese economy has seen an expansion in exports of electronic components to ASEAN. However, the personal consumption is on a decelerating trend due to a decline in exports to the U.S. driven by the imposition of reciprocal tariffs by the U.S., the sluggish real estate market, and the conclusion of government support measures for the replacement of consumer goods. The economies of Southeast Asian countries vary from country to country. In Thailand, the economy has been slowing due to delays in the execution of government expenditure and sluggish growth in the number of foreign tourists.
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 84,355 million yen (7.3%) year on year to 1,232,235 million yen. Operating income increased by 2,257 million yen (3.1%) year on year to 75,208 million yen, profit before income taxes increased by 9,728 million yen (16.2%) to 69,655 million yen, and profit for the period attributable to owners of the parent increased by 6,894 million yen (16.2%) to 49,385 million yen.
The above includes the profit and loss of Minebea Linear Motion Inc. acquired on October 3, 2025.
In addition, during the previous consolidated fiscal year, the provisional accounting treatment for the business combinations was finalized. The finalized details of the provisional accounting treatment have been reflected in the figures for the first nine months of the previous consolidated fiscal year.
Performance by Segment for the 3Q of FY 3/2026 (From April 1, 2025 to December 31, 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 nine 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.
As a result, net sales increased by 14,398 million yen (7.6%) year on year to 203,318 million yen, and operating income increased by 2,373 million yen (5.7%) to 44,033 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 fan motors.
As a result, net sales increased by 11,958 million yen (3.7%) year on year to 332,459 million yen, and operating income increased by 801 million yen (4.0%) to 20,651 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 61,857 million yen (15.8%) year on year to 453,903 million yen, and operating income increased by 3,332 million yen (19.4%) to 20,485 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 by major customers.
As a result, net sales decreased by 3,965 million yen (-1.6%) year on year to 239,739 million yen, and operating income decreased by 252 million yen (-2.4%) to 10,416 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 increased by 107 million yen (3.9%) year on year to 2,816 million yen, while operating loss increased by 463 million yen year on year to 1,362 million yen.
In addition to the figures noted above, 19,015 million yen in corporate expenses, etc. not attributable to any particular segment is indicated as adjustments. The total amount of adjustments was 15,481 million yen for the same period of the previous fiscal year.
Analysis of Financial Position for the 3Q of FY 3/2026 (From April 1, 2025 to December 31, 2025)
Assets, Liabilities, and Net Assets
Total assets at the end of the nine months were 1,782,291 million yen, an increase of 197,477 million yen from the end of the previous fiscal year. The main reason for this was an increase in inventories, and trade and other receivables.
Total liabilities at the end of the nine months were 926,323 million yen, an increase of 96,134 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 855,968 million yen, and the equity ratio attributable to owners of the parent was 47.4%, an increase of 0.5 percentage points from the end of the previous fiscal year.
Condition of Cash Flows
Cash and cash equivalents at the end of the nine months were 219,970 million yen, an increase of 5,714 million yen from the end of the previous fiscal year.
Cash flows from each business activity during the nine months ended December 31, 2025, and relevant factors were as follows: Net cash provided in operating activities amounted to 44,833 million yen (compared to 94,222 million yen in the same period of the previous year). This was primarily due to changes in profit before income taxes, depreciation and amortization, and inventories. Net cash used in investing activities amounted to 66,211 million yen (compared to 100,843 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 11,407 million yen (compared to 42,533 million yen 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 Third Quarter of Fiscal Year Ending March 2026 (From April 1, 2025 to December 31, 2025)" announced on November 6, 2025.
