MINEBEA MITSUMI (6479) Q4 2026 earnings summary

Executive summary

• Net sales and operating income reached record highs for the 14th consecutive year, with net sales up 9.3% to ¥1,664.4 billion and operating income up 10.1% to ¥104.0 billion for FY3/26, while profit attributable to owners surged 66.6% to ¥99.0 billion.

• Growth was driven by productivity improvements, cost reductions, high-value product development, and acquisitions, with all major segments contributing, especially in data centers, automotive, and niche semiconductor markets.

• Profitability was further boosted by a one-time gain from the market valuation of TOSHIBA shares, adding approximately 25 billion yen to net income.

• The company continues to expand in high-growth areas such as AI servers, humanoid robots, commercial drones, autonomous driving, new mobility, and aircraft.

• Acquisition of Minebea Linear Motion Inc. contributed to consolidated results.

Financial highlights

• FY3/26 net sales: ¥1,664.4 billion (+9.3% YoY); operating income: ¥104.0 billion (+10.1% YoY); profit attributable to owners: ¥99.0 billion (+66.6% YoY, including special factors).

• 4Q net sales: ¥432.2 billion (+15.3% YoY); operating income: ¥28.3 billion (+31.5% YoY).

• EPS for FY3/26: ¥246.60 (+67.1% YoY, including special factors); equity per share: ¥2,238.50.

• ROIC for FY3/26: 19.7%; equity ratio attributable to owners: 49.5%.

• Operating cash flow for FY3/26: ¥94.8 billion; free cash flow: ¥12.0 billion; cash and cash equivalents at year-end: ¥227.5 billion.

Outlook and guidance

• FY3/27 forecast: net sales ¥1,690.0 billion (+1.5% YoY), operating income ¥120.0 billion (+15.4% YoY), EPS ¥206.68, profit attributable to owners ¥83.0 billion (-16.2% YoY).

• Mid-term (FY3/29) targets: net sales ¥1,900.0 billion, operating income ¥168.0 billion, EPS ¥298.81, ROE 15%.

• Real operating margin target of 10% by FY3/29.

• Dividend increase planned for FY3/27 (annual ¥60, up ¥10 YoY), with a payout ratio target of ~30%.