Financial Highlights

Latest Update : May 28, 2021

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

Financial Highlights

  FY3/2018FY3/2018FY3/2019FY3/2020 *1FY3/2021
JGAAPIFRSIFRSIFRSIFRS
Net sales millions of yen 879,139881,413884,723978,445988,424
Operating income millions of yen 79,16268,90272,03358,64751,166
Operating margin % 9.0%7.8%8.1%6.0%5.2%
Profit before income taxes millions of yen 71,23066,85571,32158,08949,527
Profit before income taxes margin % 8.1%7.6%8.1%5.9%5.0%
Profit for the period attributable to owners of the parent millions of yen 59,38250,32660,14245,97538,759
Profit for the period attributable to owners of the parent margin % 6.8%5.7%6.8%4.7%3.9%
graph : Net sales
graph : Operating income
graph : Profit before income taxes
graph : Profit for the period attributable to owners of the parent

Per Share

  FY3/2018FY3/2018FY3/2019FY3/2020 *1FY3/2021
JGAAPIFRSIFRSIFRSIFRS
Earnings per share, basic (EPS) yen 141.14119.61143.90111.1194.95
Earnings per share, diluted yen 137.80117.02140.75108.6892.87
Cash dividends per share *2 yen 26.0026.0028.0028.0036.00
Book-value per share (BPS) yen 872.66849.15962.83965.641,109.38
Total weighted average number of shares outstanding *3 shares 420,747,526420,747,526417,943,833413,788,647408,220,767
Number of shares outstanding at the end of each period *3 shares 419,348,311419,348,311415,131,573408,404,478406,662,303
graph : Earnings per share, basic (EPS)
graph : Cash dividends per share
graph : Book-value per share (BPS)

Performance Indicators

  FY3/2018FY3/2018FY3/2019FY3/2020 *1FY3/2021
JGAAPIFRSIFRSIFRSIFRS
ROE (Profit to equity attributable to owners of the parent ratio)% 17.3%14.8%15.9%11.6%9.2%
ROA (Profit before income taxes to total assets ratio)% 8.8%9.9%9.9%7.2%5.4%
EBITDA *4millions of yen 110,75899,393108,431104,89299,794
EBITDA margin *4% 12.6%11.3%12.3%10.7%10.1%
Interest-bearing debt *5millions of yen 157,414156,471162,042221,712268,621
Net interest-bearing debts *5millions of yen 52,52051,50521,67375,17584,368
Net D/E ratio *5X 0.10.10.10.20.2
Equity ratio% 51.7%50.6%53.9%45.6%46.2%
Cash flows from operating activitiesmillions of yen 96,60692,201100,72286,48693,763
Cash flows from investing activitiesmillions of yen -59,453-54,853-54,190-43,540-70,581
Cash flows from financing activitiesmillions of yen -27,026-27,026-13,334-28,7589,257
Free cash flowsmillions of yen 37,15337,34846,53242,94623,182
graph : ROA (Profit before income taxes to total assets ratio)
graph : ROE (Profit to equity attributable to owners of the parent ratio)
graph : EBITDA
graph : Interest-bearing debt
graph : Net D/E ratio
graph : Equity ratio
graph : cash flows

Expenditures etc

  FY3/2018FY3/2018FY3/2019FY3/2020 *1FY3/2021
JGAAPIFRSIFRSIFRSIFRS
Depreciation and amortization *6millions of yen 31,59630,49136,39846,24548,628
Capital expenditures *7millions of yen 54,17150,78954,19950,14445,522
R&D expensesmillions of yen 24,38124,38125,45328,88632,154
Ratio of R&D expenses to revenue% 2.8%2.8%2.9%3.0%3.3%
graph : Depreciation and amortization
graph : R&D expenses
  • *1 U-Shin Ltd. has been included in the scope of consolidation since April 10, 2019. In 1Q of FY3/2020, U-Shin business does not include April 1-9.
  • *2 Detail of year-end dividend as of March 31, 2021: Ordinary Dividend 14.00 yen Commemorative Dividend 8.00 yen.
  • *3 Number of outstanding shares : Total number of shares issued -Treasury stock
  • *4 EBITDA : Operating income + Depreciation and amortization
  • *5 Net interest-bearing debts = "Bonds and borrowings" - ("Cash and cash equivalents" + Time deposit more than 3 months)
  • *6 From FY 3/2009, due to change in lease accounting, this includes depreciation on finance lease assets as well as tangible and intangible fixed assets.
  • *7 From FY 3/2009, due to change in lease accounting, this includes new finance lease and intangible fixed asset investments as well as tangible fixed asset investments.
    Capital expenditures do not include the increase of asset from lease contracts at the IFRS16 application start date.

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