2021
Aug.4, 2021
MINEBEA MITSUMI Inc.
Notice Regarding Revisions to Half-Year and Full-Year Consolidated Business Forecasts for Fiscal Year Ending March 31, 2022
MINEBEA MITSUMI Inc. announced today that it has revised the half-year and full-year consolidated business forecasts announced on May 7, 2021 for the fiscal year ending March 31, 2022 (from April 1, 2021 to March 31, 2022) in light of recent business conditions.
1. Revisions to the Half-Year Consolidated Business Forecast for the Fiscal Year Ending March 31, 2022 (from April 1, 2021 to September 30, 2021)
| Net sales | Operating income | Profit for the period attributable to owners of the parent | Earnings per share, basic | |
|---|---|---|---|---|
| millions of yen | millions of yen | millions of yen | yen | |
| Previous forecast (A) (announced on May 7, 2021) |
487,000 | 38,000 | 30,500 | 75.00 |
| Revised forecast (B) | 537,000 | 45,000 | 34,500 | 84.99 |
| Difference (B-A) | 50,000 | 7,000 | 4,000 | − |
| Difference (%) | 10.3 | 18.4 | 13.1 | − |
| (Reference) Results for the fiscal half-year ended September 30, 2020 | 461,730 | 20,922 | 15,425 | 37.77 |
2. Revisions to the Full-Year Consolidated Business Forecast for the Fiscal Year Ending March 31, 2022 (from April 1, 2021 to March 31, 2022)
| Net sales | Operating income | Profit for the period attributable to owners of the parent | Earnings per share, basic | |
|---|---|---|---|---|
| millions of yen | millions of yen | millions of yen | yen | |
| Previous forecast (A) (announced on May 7, 2021) |
1,000,000 | 80,000 | 64,000 | 157.38 |
| Revised forecast (B) | 1,050,000 | 87,000 | 68,000 | 167.52 |
| Difference (B-A) | 50,000 | 7,000 | 4,000 | − |
| Difference (%) | 5.0 | 8.8 | 6.3 | − |
| (Reference) Results for the fiscal year ended March 31, 2021 | 988,424 | 51,166 | 38,759 | 94.95 |
3. Reasons for Revisions
In regard to the consolidated forecast, in addition to the first quarter results exceeding the initial forecast, we expect demand for ball bearings, motors, semiconductors, and other products to remain strong in the second quarter and thereafter. As such, we have revised the forecast.
(Note) The business forecasts contained in this press release are made based on information available as of the date of the announcement. The actual results may differ from the forecasts due to a variety of factors in the days to come.
Provisional accounting treatments for business combinations were finalized at the end of the previous fiscal year, and the contents of finalization of the provisional accounting treatments are reflected on the figures for the fiscal half-year ended September 30, 2020.
| Company Name: | MINEBEA MITSUMI Inc. |
|---|---|
| Representative: | Yoshihisa Kainuma Representative Director, CEO & COO (Code No. 6479, TSE Div. No. 1) |
| Contact: | Katsuhiko Yoshida Director, Senior Managing Executive Officer |
| Phone: | +81-(0)3-6758-6711 |
Product information, contact and other context are subject to change without prior notice.
