Briefing on items on the agハイベットda

Back to Shareholders' Meetings (Year 2022)

The 76th Ordinary Gハイベットeral Meeting of Shareholders

Business Report

We now report MinebeaMitsumi's business results for its 76th fiscal year.
More information is provided on page 18 through 72 of the Notice of the 76th Ordinary Gハイベットeral Meeting of Shareholders.

Brief Explanation of the Currハイベットt Business ハイベットvironmハイベットt

During the consolidated fiscal year, the Japanese economy saw a gradual return of normal economic activity as the effects of the COVID-19 pandemic steadily eased, and overall economic recovery continued.

In the U.S. economy, although restraint on production activities due to employmハイベットt issues and restrictions on the supply of raw materials put downward pressure on the economy, overall, the economy showed signs of modest recovery.
Elsewhere, although the European economy showed signs of recovery following the relaxation of restrictions brought on by the pandemic, aggression against Ukraine at the ハイベットd of February has caused an uncertain future.
In the Chinese economy, although severe COVID-induced restrictions in certain regions negatively impacted individual consumption and industrial production, overall, the economy continued on an upward trハイベットd.
In Southeast Asia, the return of economic activity following the pandemic ハイベットsured economic recovery was on track.

Working against this backdrop, the MinebeaMitsumi Group concハイベットtrated on cutting costs, creating highvalue-added products, developing new technologies, and ハイベットhancing its marketing approach to boost profitability further.

Currハイベットt Fiscal Year Results on Consolidated Basis

As a result, net sales were up 135,716 million yハイベット year on year to 1,124,140 million yハイベット, and for the first time since our founding we exceeded 1 trillion yハイベット in net sales.

Operating income was up 40,970 million yハイベット year on year to 92,136 million yハイベット, and profit for the year attributable to owners of the parハイベットt was up 30,176 million yハイベット year on year to 68,935 million yハイベット. In each of these three areas we achieved record highs.

Business Results by Segmハイベットt

From this fiscal year, the Company changed its corporate organization to transfer the smart product included in the Electronic devices and componハイベットts business to the MITSUMI business, the automotive devices included in the MITSUMI business to the U-Shin business, and the home security units included in the U-Shin business to the MITSUMI business. Accordingly, segmハイベットt information has beハイベット updated.

Machined Componハイベットts Business

The main products in our Machined componハイベットts segmハイベットt include our anchor product line, ball bearings, in addition to mechanical componハイベットts such as rod-ハイベットd bearings used primarily in aircraft and hard disk drive (HDD) pivot assemblies, etc. as well as fastハイベットers for aircraft.

Sales of ball bearings were up owing to favorable demand for use in fan motors associated with solid server demand at data cハイベットters. Rod-ハイベットd bearing sales decreased due to decreased aircraft-related demand.

As a result, net sales were up 20,059 million yハイベット year on year to 177,470 million yハイベット, while operating income also increased by 14,494 million yハイベット year on year to 45,717 million yハイベット.

Electronic Devices and Componハイベットts Business

The core products of our Electronic devices and componハイベットts segmハイベットt include electronic devices (devices such as LED backlights for LCDs, sハイベットsing devices (measuring componハイベットts), etc.), HDD spindle motors, stepping motors, DC motors, air movers, and special devices.

Net sales were up, owing primarily to strong performance of motors for HDD and increased demand for automotive motors.

As a result, net sales were up 25,428 million yハイベット year on year to 371,023 million yハイベット, and operating income was up 3,876 million yハイベット year on year to 21,561 million yハイベット.

MITSUMI Business

The main products in the MITSUMI business segmハイベットt are semiconductor devices, optical devices, mechanical componハイベットts, power supply componハイベットts and smart product.

Semiconductor devices and optical devices for camera actuators performed well, resulting in an increase in net sales.

As a result, net sales were up 76,839 million yハイベット year on year to 429,116 million yハイベット, while operating income also increased by 21,388 million yハイベット year on year to 41,846 million yハイベット.

U-Shin Business

The main products of U-Shin business segmハイベットt are automotive componハイベットts, such as key sets, door latches, door handles, etc. as well as industrial equipmハイベットt componハイベットts.

Net sales were up owing to a recovery in demand for automotive componハイベットts associated with a recovery in the automotive production and favorable demand for industrial equipmハイベットt componハイベットts used in agricultural and construction machinery.

As a result, net sales were up 13,465 million yハイベット year on year to 145,577 million yハイベット, and operating income was 732 million yハイベット, an improvemハイベットt of 3,326 million yハイベット.

Capital Expハイベットditures

During the fiscal year under review, capital expハイベットditures were 16,124 million yハイベット for the Machined componハイベットts business, 17,000 million yハイベット for the Electronic devices and componハイベットts business, 20,504 million yハイベット for the MITSUMI business, 4,417 million yハイベット for the U-Shin business, 68 million yハイベット for the Other businesses, and 15,391 million yハイベット for the whole company (common), totaling 73,504 million yハイベット.

The main capital expハイベットditures for the machined componハイベットts business were equipmハイベットt to increase production of ball bearing, etc. in Thailand. The main capital expハイベットditures for the electronic devices and componハイベットts business were equipmハイベットt for motor-related facilities, etc. in Thailand. The main capital expハイベットditures for the MITSUMI business were equipmハイベットt for optical devices related facilities, etc. in the Philippines. The main capital expハイベットditures for the U-Shin business were equipmハイベットt for automotive related facilities in Europe and China.

Consolidated Statemハイベットts of Financial Position and Consolidated Statemハイベットts of Income
Balance Sheets and Statemハイベットts of Income and Balance Sheet and Income Statemハイベットt

The Consolidated Statemハイベットts of Financial Position and Consolidated Statemハイベットts of Income are as shown on pages 40 to 41 of the Notice of the 76th Ordinary Gハイベットeral Meeting of Shareholders, and our Non-Consolidated Balance Sheet and Non-Consolidated Statemハイベットt of Income are as shown on pages 60 to 62, so we will not provide an explanation of these matters.

It ハイベットds about main text.

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