Financial Highlights

Latest Update : Feb.16, 2024

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

Financial Highlights

  FY3/2019FY3/2020*1FY3/2021*2FY3/2022FY3/2023*3
Net sales millions of yen 884,723978,445988,4241,124,1401,292,203
Operating income millions of yen 72,03358,64751,16692,136100,471
Operating margin % 8.1%6.0%5.2%8.2%7.8%
Profit before income taxes millions of yen 71,32158,08949,52790,78895,069
Profit before income taxes margin % 8.1%5.9%5.0%8.1%7.4%
Profit for the period attributable to owners of the parent millions of yen 60,14245,97538,75968,93576,055
Profit for the period attributable to owners of the parent margin % 6.8%4.7%3.9%6.1%5.9%
graph : Net sales
graph : Operating income
graph : Profit before income taxes
graph : Profit for the period attributable to owners of the parent

Per Share

  FY3/2019FY3/2020*1FY3/2021*2FY3/2022FY3/2023*3
Earnings per share, basic (EPS) yen 143.90111.1194.95170.08185.30
Earnings per share, diluted yen 140.75108.6892.87166.61184.42
Cash dividends per share*4 yen 28.0028.0036.0036.0040.00
Book-value per share (BPS) yen 962.83965.641,109.381,326.151,547.72
Total weighted average number of shares outstanding*5 shares 417,943,833413,788,647408,220,767405,317,126410,445,103
Number of shares outstanding at the end of each period*5 shares 415,131,573408,404,478406,662,303406,146,407408,381,229
graph : Earnings per share, basic (EPS)
graph : Cash dividends per share
graph : Book-value per share (BPS)

Performance Indicators

  FY3/2019FY3/2020*1FY3/2021*2FY3/2022FY3/2023*3
ROE (Profit to equity attributable to owners of the parent ratio)% 15.9%11.6%9.2%13.9%13.0%
ROA (Profit before income taxes to total assets ratio)% 9.9%7.2%5.4%8.7%7.9%
EBITDA*6millions of yen 108,431104,89299,794137,367153,721
EBITDA margin*6% 12.3%10.7%10.1%12.2%11.9%
Interest-bearing debt*7millions of yen 162,042221,712268,621270,711354,331
Net interest-bearing debts*7millions of yen 21,67375,17584,36886,931201,671
Net D/E ratio*7X 0.10.20.20.20.3
Equity ratio% 53.9%45.6%46.2%48.8%48.5%
Cash flows from operating activitiesmillions of yen 100,72286,48693,76378,41744,093
Cash flows from investing activitiesmillions of yen -54,190-43,540-70,581-63,605-106,275
Cash flows from financing activitiesmillions of yen -13,334-28,7589,257-25,54737,875
Free cash flowsmillions of yen 46,53242,94623,18214,812-62,182
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

  FY3/2019FY3/2020*1FY3/2021*2FY3/2022FY3/2023*3
Depreciation and amortization*8millions of yen 36,39846,24548,62845,23153,250
Capital expenditures*9millions of yen 54,19950,14445,52273,504147,040
R&D expensesmillions of yen 25,45328,88632,15437,06538,754
Ratio of R&D expenses to revenue% 2.9%3.0%3.3%3.3%3.0%
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, Access Solutions does not include April 1-9.
  • *2 ABLIC Inc. has been included in the scope of consolidation since April 30, 2020.
  • *3 We have included the following companies in the scope of consolidation;
    HONDA TSUSHIN KOGYO CO., LTD. since September 16, 2022
    Minebea Connect Inc. (formerly SUMIKO TEC CO., LTD.) since November 1, 2022
    Minebea AccessSolutions Inc. (formerly Honda Lock Mfg. Co., Ltd.) since January 27, 2023
  • *4 Detail of year-end dividend as of March 31, 2021: Ordinary Dividend 14.00 yen Commemorative Dividend 8.00 yen.
  • *5 Number of outstanding shares : Total number of shares issued -Treasury stock
  • *6 EBITDA : Operating income + Depreciation and amortization
  • *7 Net interest-bearing debts = "Bonds and borrowings" - ("Cash and cash equivalents" + Time deposit more than 3 months)
  • *8 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.
  • *9 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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