2017

May 9, 2017

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MINEBEA MITSUMI Inc.

Notice Regarding Differences between Non-consolidated Earnings for the FY Ended March 31, 2017 and those for the Previous FY

MINEBEA MITSUMI Inc. hereby announces the differences between its non-consolidated earnings for the fiscal year ended March 31, 2017 (from April 1, 2016 to March 31, 2017) and those for the previous fiscal year, as follows:

1. Differences between the Full-Year Non-Consolidated Earnings for the Fiscal Year Ended March 31, 2017 (from April 1, 2016 to March 31, 2017) and those for the Previous Fiscal Year

Net sales Ordinary income Net income Net income
per share
millions of yen millions of yen millions of yen yen
Results for the previous fiscal year (A) 451,101 15,950 11,750 31.41
Results for the fiscal year March 31, 2017 (B) 452,506 11,084 3,199 8.35
Difference (B-A) 1,404 (4,866) (8,551)
Difference (%) 0.3 (30.5) (72.8)

2. Reasons for the Differences

Regarding the non-consolidated earnings for the fiscal year ended March 31, 2017, ordinary income decreased because of the lower gross profit due to the impact of fluctuations in foreign exchange rates, and the one-time increase in expenses associated with business integration with MITSUMI ELECTRIC CO., LTD. In addition, net income decreased primarily due to the loss related to the redemption of Minebea Co., Ltd. Series I Unsecured Subordinated Convertible Bonds with Stock Acquisition Rights, all of which were originally purchased from the Development Bank of Japan Inc. as the measure for addressing the dilution resulting from the increase in the number of issued and outstanding shares associated with the business integration.

Company Name: MINEBEA MITSUMI Inc.
Representative: Yoshihisa Kainuma
Representative Director,
President and Chief Executive Officer
(Code No. 6479, TSE Div. No.1)
Contact: Hiromi Yoda
Director, Senior Managing Executive Officer
Phone: +81-(0)3-6758-6711
Information in the press releases is current on the date of the announcement.
Product information, contact and other context are subject to change without prior notice.

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