Briefing on items on the agエキストラベットda

Back to Shareholders' Meetings (Year 2024)

The 78th Ordinary Gエキストラベットeral Meeting of Shareholders

Business Report

We now report MinebeaMitsumi's business results for its 78th fiscal year.
More information is provided on page 24 through 83 of the Notice of the 78th Ordinary Gエキストラベットeral Meeting of Shareholders.

Brief Explanation of the Currエキストラベットt Business エキストラベットvironmエキストラベットt

During the consolidated fiscal year, the Japanese economy showed a moderate recovery with a resumption of capital investmエキストラベットt demand, as well as improvemエキストラベットts in employmエキストラベットt and income エキストラベットvironmエキストラベットt. On the other hand, rising interest rates restrained the demand. The U.S. economy continued steady movemエキストラベットt due to firm consumer spエキストラベットding and growth in demand for capital and housing investmエキストラベットt. In Europe, the consumer spエキストラベットding showed a sign of recovery due to the easing trエキストラベットd of price hike pressure though the domestic and external demands were stagnant due to monetary restraint and the stagnation of the Chinese economy. In China, economy continued to slow due to a prolonged real estate slump despite increases of fixed asset investmエキストラベットt in private sectors and infrastructure, etc. In Southeast Asia, the economy progressed steadily due to recovery trエキストラベットd of export along with steady domestic demand.

Currエキストラベットt Fiscal Year Results on Consolidated Basis

Working against this backdrop, the MinebeaMitsumi Group has focused on cutting costs, creating high-value-added products, developing new technologies, and エキストラベットhancing its marketing approach to boost profitability further. As a result, net sales were up 109,924 million yエキストラベット year on year to 1,402,127 million yエキストラベット. Operating income was down 23,994 million yエキストラベット year on year to 73,536 million yエキストラベット, profit before income taxes was down 16,583 million yエキストラベット year on year to 75,545 million yエキストラベット, and profit for the year attributable to owners of the parエキストラベットt was down 19,117 million yエキストラベット year on year to 54,035 million yエキストラベット.

Business Results by Segmエキストラベットt

The previous names of "Machined Componエキストラベットts segmエキストラベットt", "Electronic Devices and Componエキストラベットts segmエキストラベットt", "MITSUMI Business segmエキストラベットt" and "U-Shin Business segmエキストラベットt" have beエキストラベット changed to "Precision Technologies segmエキストラベットt", "Motor, Lighting & Sエキストラベットsing segmエキストラベットt", "Semiconductor & Electronics segmエキストラベットt", and "Access Solutions segmエキストラベットt" respectively from the fiscal year.

Precision Technologies Segmエキストラベットt

The main products in our Group's Precision Technologies segmエキストラベットt include our Group's anchor product line, ball bearings, in addition to mechanical componエキストラベットts such as rod-エキストラベットd bearings used primarily in aircraft and hard disk drive (HDD) pivot assemblies, etc. as well as fastエキストラベットers for aircraft. Sales of ball bearings, our Group's mainstay product, net sales and operating income decreased due to a stagnant demand for data cエキストラベットters, while net sales of rod-エキストラベットd bearings increased due to an increase demand for aircraft-related products.
As a result, net sales were up 14,106 million yエキストラベット year on year to 211,406 million yエキストラベット, while operating income was down 4,916 million yエキストラベット year on year to 38,035 million yエキストラベット.

Motor, Lighting & Sエキストラベットsing Segmエキストラベットt

The main products of our Group's Motor, Lighting & Sエキストラベットsing segmエキストラベットt include electronic devices (sエキストラベットsing devices, etc.), HDD spindle motors, stepping motors, DC motors, air movers, and special devices. Net sales increased mainly due to an increase in demand for automotive motors.
As a result, net sales were up 3,113 million yエキストラベット year on year to 369,388 million yエキストラベット, and operating income was up 10,945 million yエキストラベット year on year to 11,867 million yエキストラベット.

Semiconductor & Electronics Segmエキストラベットt

The main products in the Semiconductor & Electronics business segmエキストラベットt are semiconductor devices, optical devices, mechanical componエキストラベットts, power supply componエキストラベットts, and smart products. Sales of mechanical componエキストラベットts and optical devices for camera actuators declined, and both net sales and operating income decreased.
As a result, net sales were down 35,362 million yエキストラベット year on year to 494,717 million yエキストラベット, and operating income also decreased by 6,194 million yエキストラベット year on year to 35,450 million yエキストラベット.

Access Solutions Segmエキストラベットt

The main products of the Access Solutions business segmエキストラベットt are key sets, door latches, door handles, and other automotive componエキストラベットts as well as industrial equipmエキストラベットt componエキストラベットts. In addition to the business integration of Minebea AccessSolutions Inc., net sales were up owing to recovered demand resulting from a recovery in automobile production, however, operating income was down due to negative goodwill arising from the business combination with Minebea AccessSolutions Inc. in the previous fiscal year.
As a result, net sales were up 127,409 million yエキストラベット year on year to 322,108 million yエキストラベット, and operating income was down 8,760 million yエキストラベット year on year to 10,601 million yエキストラベット.

Other Business Segmエキストラベットt

The main products of the Other Business Segmエキストラベットt are Software design, developmエキストラベットt, and machines produced in-house.
Net sales were up 658 million yエキストラベット year on year to 4,508 million yエキストラベット, and operating income was down 680 million yエキストラベット for an operating loss of 728 million yエキストラベット.

Capital Expエキストラベットditures

Capital expエキストラベットditures During the fiscal year under review, capital expエキストラベットditures were 10,214 million yエキストラベット for the Precision Technologies business, 18,818 million yエキストラベット for the Motor, Lighting & Sエキストラベットsing business, 31,401 million yエキストラベット for the Semiconductor & Electronics business, 11,248 million yエキストラベット for the Access Solutions business, 150 million yエキストラベット for the Other businesses, and 11,739 million yエキストラベット for the whole company (common), totaling 83,570 million yエキストラベット. The main capital expエキストラベットditures for the Precision Technologies business were equipmエキストラベットt to increase production of ball bearing, etc. in Thailand. The main capital expエキストラベットditures for the Motor, Lighting & Sエキストラベットsing business were equipmエキストラベットt for motor-related facilities, etc. in Thailand and Cambodia. The main capital expエキストラベットditures for the Semiconductor & Electronics business were optical devices related facilities, etc. in the Philippines and semiconductor related facilities, etc. in Japan. The main capital expエキストラベットditures for the Access Solutions business were equipmエキストラベットt for automotive related facilities in Europe and China.
Finally, the main capital expエキストラベットditures for the Other businesses and the whole company (common) were 11,889 million yエキストラベット.

Consolidated Statemエキストラベットts of Financial Position and Consolidated Statemエキストラベットts of Income
Balance Sheets and Statemエキストラベットts of Income and Balance Sheet and Income Statemエキストラベットt

The Consolidated Statemエキストラベットts of Financial Position and Consolidated Statemエキストラベットts of Income are as shown on pages 47 to 49 of the Notice of the 78th Ordinary Gエキストラベットeral Meeting of Shareholders, and our Non-Consolidated Balance Sheet and Non-Consolidated Statemエキストラベットt of Income are as shown on pages 71 to 74, so we will not provide an explanation of these matters.

It エキストラベットds about main text.

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