Consolidated Sales and Profit Forecast

* MinebeaMitsumi has adopted International Financial Reporting Standards (IFRS) from the 1Q of FY3/2019.

Forecast for the FY3/2026

The risk scenario for the consolidated financial forecast for the fiscal year ending March 2026, initially announced in May, has been revised. The base scenario remains unchanged.
In the base scenario, we project net sales of 1,520 billion yen and operating income of 100 billion yen. Under the risk scenario, we forecast net sales of 1,500 billion yen and operating income of 90 billion yen.
We anticipate that the direct impact of increased costs due to U.S. reciprocal tariffs will be negligible, as our fundamental strategy is to pass on price increases. Should the impact of tariffs persist over the longer term, the negative effect could increase on a quarterly basis. However, as we continue constructive discussions with customers where price pass-through is not yet complete, we believe the impact remains manageable to a certain extent.

FY3/2026 (Base scenario)

FY3/2026 (Risk scenario)

Forecast for the Consolidated Sales and Operating Income by Business Segment

The following is all stated under the premise of the base scenario.

Precision Technologies segment expects ball bearings to remain solid in the fiscal year ending March 2026, supported by demand from the automotive and data center sectors, as well as PMC. We anticipate continued growth in the automotive sector driven by content expansion. In data centers, even as cooling methods evolve, demand for fan motors is expected to remain resilient, providing further opportunities to expand sales of our high-performance bearings. Our aircraft business, including rod ends and fasteners, demand for our products continues to grow, supported by a substantial backlog at aircraft manufacturers. While labor shortages at the manufacturers pose some short-term constraints, we expect growth to continue over the medium to long term.

Motors, Lighting & Sensing segment is performing steadily, with fan motors expected to achieve higher margins and high-value-added HDD products continuing to sell well. In lighting, backlight demand has bottomed out, and we expect earnings improvement through growing the production of tablet and the start of mass production of in-vehicle displays. Additionally, battery protection modules for smart devices are performing strongly and are expected to become a key driver of earnings.

Semiconductors & Electronics segment is expected to restore profitability through price corrections at Minebea Power Device and the launch of new products at the Shiga plant. Optical Devices are projected to see lower sales and profits due to rare earth restrictions, though we are gradually addressing this through alternative sourcing. Mechanical Components were affected by foreign exchange losses in the first quarter, but are expected to contribute steadily from the second quarter onward.

The Access Solutions segment is building a business structure designed to drive earnings growth in the second half of the fiscal year. In automotive, mass production of high-margin products developed over several years has begun and is expected to contribute to profits. While external uncertainties such as U.S. reciprocal tariffs and the slowdown of the Chinese economy remain, we expect to achieve planned profit levels through continued productivity improvements and the rollout of high-margin products.

FY3/2026 (Base scenario)

FY3/2026 (Risk scenario)

Capital Expenditure, Depreciation, Research and Development Costs

Foreign Exchange

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