2020

May 8, 2020

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MINEBEA MITSUMI Inc.

Notice Regarding Differences between Non-consolidated Earnings for Fiscal Year Ended March 31, 2020 and those for Previous Fiscal Year

MINEBEA MITSUMI Inc. hereby announces the differences between its non-consolidated earnings for Fiscal Year Ended March 31, 2020 (from April 1, 2019 to March 31, 2020) and those for Previous Fiscal Year, as follows:

1. Differences between the Full-Year Non-Consolidated Earnings for Fiscal Year Ended March 31, 2020 (from April 1, 2019 to March 31, 2020) and those for Previous Fiscal Year

Net sales Operating income Ordinary income Net income Net income
per share
millions of yen millions of yen millions of yen millions of yen yen
Results for Previous Fiscal Year (A) 576,304 5,842 30,691 27,751 66.40
Results for Fiscal Year March 31, 2020 (B) 571,385 10,317 18,927 14,666 35.45
Difference (B-A) (4,918) 4,474 (11,763) (13,084)
Difference (%) (0.9) 76.6 (38.3) (47.1)

2. Reasons for the Differences

Regarding the non-consolidated earnings for the fiscal year ended March 31, 2020, operating income increased mainly due to decrease in costs resulting from termination of the "Trust-type Employee Shareholding Incentive Plan." On the other hand, ordinary income and net income decreased due to decreases in dividends from subsidiaries in order to improve their financial liquidity.

Company Name: MINEBEA MITSUMI Inc.
Representative: Yoshihisa Kainuma
Representative Director,
CEO & COO
(Code No. 6479, TSE Div. No. 1)
Contact: Shuji Uehara
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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