MINEBEA MITSUMI (6479) Q3 2026 earnings summary

Executive summary

• Consolidated Q3 FY2026 sales rose 22.8% year-over-year and 10.3% sequentially to ¥453.9 billion, with operating profit up 17.8% year-over-year and 14.3% sequentially to ¥30.8 billion, both exceeding forecasts and reaching record highs.

• Net profit attributable to owners increased 19.4% year-over-year and 17.5% sequentially to ¥20.8 billion, surpassing plan.

• All-time highs were achieved for cumulative sales, operating profit, and pre-tax profit for the first three quarters.

• Strategic focus on five growth areas, including AI servers and humanoid robots, is expected to drive future expansion.

• The acquisition of Minebea Linear Motion Inc. contributed to consolidated results.

Financial highlights

• Q3 FY2026 net sales: ¥453.9 billion (+22.8% YoY, +10.3% QoQ); operating profit: ¥30.8 billion (+17.8% YoY, +14.3% QoQ); net profit: ¥20.8 billion (+19.4% YoY, +17.5% QoQ); EPS: ¥51.7979.

• Q3 operating margin was 6.8%, down 0.3 points YoY but up 0.2 points sequentially.

• Inventory at Q3-end was ¥411.7 billion, up ¥9.6 billion from three months prior, reflecting strategic buildup for expected sales growth.

• Net interest-bearing debt at Q3-end was ¥278.6 billion, up ¥37.2 billion from March 2025.

• Free cash flow forecast for FY2026 is ¥27.0 billion.

Outlook and guidance

• Full-year sales and operating profit forecasts were revised upward, with net sales forecast at ¥1.6 trillion, operating profit at ¥101.0 billion, and profit attributable to owners at ¥71.0 billion.

• Basic EPS for the year ending March 31, 2026, projected at ¥176.80.

• Operating profit forecast includes ¥4.0 billion in restructuring costs.

• Year-end dividend planned at ¥25 per share, with total annual dividend forecast at ¥50 per share and a targeted payout ratio of 30%.

• Management expects continued growth in the next fiscal year, driven by five key growth sectors.