Financial Highlights

Latest Update : Oct.25, 2022

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

		FY3/2018	FY3/2019	FY3/2020 *1	FY3/2021	FY3/2022
		IFRS	IFRS	IFRS	IFRS	IFRS
Net sales	millions of yen	881,413	884,723	978,445	988,424	1,124,140
Operating income	millions of yen	68,902	72,033	58,647	51,166	92,136
Operating margin	%	7.8%	8.1%	6.0%	5.2%	8.2%
Profit before income taxes	millions of yen	66,855	71,321	58,089	49,527	90,788
Profit before income taxes margin	%	7.6%	8.1%	5.9%	5.0%	8.1%
Profit for the period attributable to owners of the parent	millions of yen	50,326	60,142	45,975	38,759	68,935
Profit for the period attributable to owners of the parent margin	%	5.7%	6.8%	4.7%	3.9%	6.1%

Per Share

		FY3/2018	FY3/2019	FY3/2020 *1	FY3/2021	FY3/2022
		IFRS	IFRS	IFRS	IFRS	IFRS
Earnings per share, basic (EPS)	yen	119.61	143.90	111.11	94.95	170.08
Earnings per share, diluted	yen	117.02	140.75	108.68	92.87	166.61
Cash dividends per share *2	yen	26.00	28.00	28.00	36.00	36.00
Book-value per share (BPS)	yen	849.15	962.83	965.64	1,109.38	1,326.15
Total weighted average number of shares outstanding *3	shares	420,747,526	417,943,833	413,788,647	408,220,767	405,317,126
Number of shares outstanding at the end of each period *3	shares	419,348,311	415,131,573	408,404,478	406,662,303	406,146,407

		FY3/2018	FY3/2019	FY3/2020 *1	FY3/2021	FY3/2022
		IFRS	IFRS	IFRS	IFRS	IFRS
ROE (Profit to equity attributable to owners of the parent ratio)	%	14.8%	15.9%	11.6%	9.2%	13.9%
ROA (Profit before income taxes to total assets ratio)	%	9.9%	9.9%	7.2%	5.4%	8.7%
EBITDA *4	millions of yen	99,393	108,431	104,892	99,794	137,367
EBITDA margin *4	%	11.3%	12.3%	10.7%	10.1%	12.2%
Interest-bearing debt *5	millions of yen	156,471	162,042	221,712	268,621	270,711
Net interest-bearing debts *5	millions of yen	51,505	21,673	75,175	84,368	86,931
Net D/E ratio *5	X	0.1	0.1	0.2	0.2	0.2
Equity ratio	%	50.6%	53.9%	45.6%	46.2%	48.8%
Cash flows from operating activities	millions of yen	92,201	100,722	86,486	93,763	78,417
Cash flows from investing activities	millions of yen	-54,853	-54,190	-43,540	-70,581	-63,605
Cash flows from financing activities	millions of yen	-27,026	-13,334	-28,758	9,257	-25,547
Free cash flows	millions of yen	37,348	46,532	42,946	23,182	14,812

		FY3/2018	FY3/2019	FY3/2020 *1	FY3/2021	FY3/2022
		IFRS	IFRS	IFRS	IFRS	IFRS
Depreciation and amortization *6	millions of yen	30,491	36,398	46,245	48,628	45,231
Capital expenditures *7	millions of yen	50,789	54,199	50,144	45,522	73,504
R&D expenses	millions of yen	24,381	25,453	28,886	32,154	37,065
Ratio of R&D expenses to revenue	%	2.8%	2.9%	3.0%	3.3%	3.3%

*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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