MinebeaMitsumi Inc. · TSE:6479
MinebeaMitsumi — Q2 FY3/2027 Earnings Presentation
45 slides from MinebeaMitsumi's earnings presentation, Nov 6, 2026
Slide 1: Financial Results Briefing
Financial Results Briefing Second Quarter of Fiscal Year Ending March 31, 2027 MinebeaMitsumi Inc. November 6, 2026
Slide 2: Today's Agenda
Today’s Agenda 1. Financial Results Overview and Forecast 2. Business Update and Management Strategy November 6, 2026 2
Slide 3: Financial Results Overview and Forecast
Financial Results Overview and Forecast Katsuhiko Yoshida Director, President COO & CFO November 6, 2026 3
Slide 4: Summary of Business Results for 2Q
Summary of Business Results for 2Q Net sales, operating income, profit for the period, and other items all reached record highs for a 2Q FY3/26 FY3/27 YoY QoQ (Billions of yen) 2Q 1Q 2Q Change Growth Rate Change Growth Rate Net sales 411.4 426.6 464.2 +52.8 +12.8% +37.6 +8.8% Operating income 27.0 2
Slide 5: Summary of Consolidated Business Results for 1H
Summary of Consolidated Business Results for 1H Net sales, operating income, profit for the period, and other items all reached record highs for a 1H FY3/26 FY3/27 YoY FY3/27 1H (Billions of yen) 1H 1H Change Growth Rate (Previous Forecast) Net sales 778.3 890.8 +112.4 +14.5% 846.5 Operating income
Slide 6: 2Q Results: Variance from Previous Forecast
2Q Results: Variance from Previous Forecast (August 5, 2026) (Billions of yen) Net Sales +4.2 Operating Income November 6, 2026 6
Slide 7: Quarterly Trends: Net Sales, Operating Income / Margin
Quarterly Trends: Net Sales, Operating Income / Margin (Billions of yen) Net sales Operating income 453.9 464.2 Operating margin 422.8 Special factors 432.2 426.6 Special 411.4 -1.0 Special factors factors -0.3 31.3 -1.6 Special 31.8 369.6 Special 374.8 366.9 factors 355.5 factors -2.2 27.9 -0.3 28.
Slide 8: Quarterly Trends: Precision Technologies (PT)
Quarterly Trends: Precision Technologies (PT) Net sales (Billions of yen) Operating income (Billions of yen) *1 Ball Bearings Aerospace PMC Operating income Operating margin *1 The sub-segment name has been changed to Aerospace from Rod Ends & Fasteners from FY3/27 onward. 24.7% 84.8 23.3% 82.0 22.6
Slide 9: Quarterly Trends: Motor, Lighting & Sensing (MLS)
Quarterly Trends: Motor, Lighting & Sensing (MLS) Net sales (Billions of yen) Operating income (Billions of yen) *1 Special factors -1.6 Motors Electronic devices Sensing devices Other Operating income Operating margin *¹ Effective from FY3/27, large-sized machined components for aircraft and 7.2% 7
Slide 10: Quarterly Trends: Semiconductor & Electronics (SE)
Quarterly Trends: Semiconductor & Electronics (SE) Net sales (Billions of yen) Operating income (Billions of yen) Operating income Operating margin 186.7 5.5%* 6.3%* 168.7 5.1%* 4.9% 4.5% 4.5% 4.2%* 3.7%* 160.4 3.2% 1.9% 5.8% 5.4% 4.9% 150.0 3.2% 2.6% 136.4 134.2 Special factors -1.0 126.1 121.6 117
Slide 11: Quarterly Trends: Access Solutions (AS)
Quarterly Trends: Access Solutions (AS) Net sales (Billions of yen) Operating income (Billions of yen) Operating income Operating margin 92.5 7.2% 7.7%* 88.3 5.6% 5.2% 84.4 84.5 4.3% 6.2% 3.7% 3.8% 81.5 82.0 82.0 2.7%* 80.2 78.9 78.9 3.4% 4.0% Special factors 6.7 -1.2 0.1% 6.5 * 5.3 4.4 4.1 3.5 Spec
Slide 12: Quarterly Trends: Profit Attributable to Owners of the Parent / EPS
Quarterly Trends: Profit Attributable to Owners of the Parent / EPS (Billions of yen) Profit for the period attributable to owners of the parent Earnings per share, basic (yen) Special factors +25.2 49.2 Special factors +8.4 122.46 29.7 *² 24.0 *² 21.3 21.3 21.3 17.4 17.0 17.7 59.73*² 73.98 13.1 11.
Slide 13: Quarterly Trends: Inventories
Quarterly Trends: Inventories (Billions of yen) Inventories 411.7 432.9 416.7 402.1 391.3 370.8 359.6 356.6 350.9 335.8 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY3/25 FY3/26 FY3/27 November 6, 2026 13
Slide 14: Full-Year Trends: Operating/Investing/Free/Adjusted Free Cash Flow
Full-Year Trends: Operating/ Investing/ Free/ Adjusted Free Cash Flow (Billions of yen) Operating cash flow Investing cash flow Free cash flow 178.1 Adjusted free cash flow* 133.7 101.8 94.8 80.0 74.2 48.9 44.1 32.7 14.0 19.1 -7.5 25.5 7.9 12.0 -62.2 -55.1 -76.3 -82.8 -106.3 -98.1 -125.8 FY3/23 FY3/
Slide 15: ROIC (Return On Invested Capital)
ROIC (Return On Invested Capital) MinebeaMitsumi ＝ NOPAT Operating income x (1-tax rate) ROIC Invested capital (Notes receivable/accounts receivable + inventories + non-current assets - notes payable/accounts payable) Calculated using business assets (trade receivable/payable, inventories, non-curre
Slide 16: Forecast for FY3/27
Forecast for FY3/27 Net sales and operating income revised upward FY3/26 FY3/27 YoY FY3/27 (Billions of yen) Full Year Full Year 1st Half 2nd Half Full Year Change Growth Rate (Previous Forecast) Net sales 1,664.4 890.8 839.2 1,730.0 +65.6 +3.9% 1,690.0 *1 Operating income 104.0 58.1 69.9 128.0 +24.
Slide 17: Forecast for Business Segment
Forecast for Business Segment FY3/26 FY3/27 YoY FY3/27 (Billions of yen) Full Year Full Year 1st Half 2nd Half Full Year Change Growth Rate (Previous Forecast) Net sales 1,664.4 890.8 839.2 1,730.0 65.6 +3.9% 1,690.0 Precision Technologies (PT) 281.2 166.8 168.2 335.0 53.8 +19.2% 313.0 Motor, Lighti
Slide 18: Update on Mid-term Cash Allocation Plan
Update on Mid-term Cash Allocation Plan Expanding the CAPEX allocation in view of strong organic growth potential Maintaining stable dividends while concentrating CAPEX to support the “Five Growth Areas +1" Optimization of cash allocation FY3/24–FY3/26 FY3/27–FY3/29 Cash allocation results Cash allo
Slide 19: Business Update and Management Strategy
Business Update and Management Strategy November 6, 2026 Yoshihisa Kainuma Representative Director, Chairman CEO November 6, 2026 19
Slide 20: 1H Key Points
1H Key Points 1H net sales, operating income, and profit for the period at record highs Full-year forecast revised upward ⚫ PT and MLS driving growth, offsetting slowdowns in automotive, gaming, and other sectors. Overall ⚫ Five Growth Areas +1: demand in new areas steadily expanding. ⚫ Real operati
Slide 21: Forecast for FY3/27
Forecast for FY3/27 Full-year forecast revised upward: net sales 1.73 trillion yen, operating income 128 billion yen ●Expecting lower revenue but higher profit in 2H of the year due to seasonality. Forecast ●Anticipating continued strong performance driven by the ‘Five Growth Areas +1', full-year ne
Slide 22: Precision Technologies (PT) Update
Precision Technologies (PT) Update Driven by strong data center demand and the aerospace business, full-year operating income is within reach of 80 billion yen Key points Trend of commercial aircraft production rate (Source: MinebeaMitsumi) 1 Bearings • Strong demand continues, mainly from data cent
Slide 23: Motor, Lighting & Sensing (MLS) Update
Motor, Lighting & Sensing (MLS) Update Strong performance in motor and battery protection modules, driven by growing demand for AI servers. Increased inquiries for sensing devices in humanoid robots Key points Production structure for server motors 1 主なポイント ・Expanding production capacity at our Camb
Slide 24: M&A Measures to Strengthen Motor Business
M&A Measures to Strengthen Motor Business Business transfer from Panasonic Industry: closing postponed to March 2027 to ensure complete transaction stability after business succession Overview of the acquired business Integration synergies Target Panasonic Industry Co., Ltd.'s automotive motor busin
Slide 25: Semiconductor & Electronics (SE) Update
Semiconductor & Electronics (SE) Update The semiconductor business is steadily building the foundation for mid- to long-term growth Key points Semiconductors: net sales plan FY3/26 FY3/29 1 Semiconductors • The Shiga plant is on track to achieve single-month CAGR 9.4% 170.0 billion yen profitability
Slide 26: Access Solutions (AS) Update
Access Solutions (AS) Update North America, Japan, and industrial machinery broadly solid, despite slowdowns in China and Europe BMW winglet launch on track Key points New tech & applications via "AS Business Integration" 1 Four-wheeler business • North America and Japan broadly solid, despite In-ca
Slide 27: Five Growth Areas +1
Five Growth Areas +1 Demand is expanding for AI servers, aerospace, and new mobility, with humanoids, commercial drones, and fully autonomous driving making progress toward practical use Winning high value-added projects and gaining share through ultra-precision "reliability" and overwhelming "suppl
Slide 28: AI Server Market Trends and Sales Forecasts
AI Server Market Trends and Sales Forecasts Server unit shipments are expected to continue growing rapidly, driving our AI server-related revenue to reach to 230 billion yen in FY3/29 Market trends: Server unit volume trends Sales forecast of our products (Thousands of units) (Billions of yen) CAGR
Slide 29: Our Investment Stance on AI Servers
Our Investment Stance on AI Servers Basic policy: Avoid overinvestment and pursue sustainable high profitability while mitigating market volatility risks through flexible utilization of existing facilities and highly versatile products Disciplined capital Strengths of versatile Diversification throu
Slide 30: Real Operating Margin Trend
Real Operating Margin Trend Net sales Operating income Operating margin Real operating margin (Operating margin excluding net sales of supplied parts, etc.） 1,900.0 1,800.0 （Billions of yen） 1,730.0 1,664.4 1,522.7 168.0 145.0 128.0 10.1% 9.3% 104.0 94.5 8.7% 8.8% 7.5% 8.1% 7.3% 7.4% 6.2% 6.2% FY3/2
Slide 31: Shareholder Returns
Shareholder Returns Planned dividend increase of 10 yen for the current fiscal year Furthermore, we will proactively execute capital investments in response to robust demand Dividends Interim Year-end Annual YoY Change (Annual) FY 3/26 25 yen 25 yen 50 yen +5 yen FY 3/27 30 yen 30 yen 60 yen +10 yen
Slide 32: Future Production Capacity Expansion
Future Production Capacity Expansion Proactively expanding capacity in anticipation of robust demand Yonago Plant (new building) Cebu Plant, Building 14, Philippines Floor area Approx.6,400 ㎡ 1st floor: 14,413 ㎡ Floor area 2nd floor: 14,413 ㎡ Development Manufactured Analog target Motors products se
Slide 33: Topics: CES2027 and IR Day 2027
Topics Showcasing latest Five Growth Areas +1 products and technologies at each event Exhibiting at CES2027 IR Day 2027 Showcase the latest model of the robot hand that was well Explain our products and technology development in received in 2026, along with other products for the the Five Growth Are
Slide 34: Topics: ECOPA Stadium naming rights
Topics Acquired naming rights to Shizuoka’s ECOPA Stadium and ECOPA Arena Renamed "MinebeaMitsumi Stadium ECOPA" and "MinebeaMitsumi Arena ECOPA" from April 2027 Both facilities are in Shizuoka, home to the Hamamatsu Plant, a key site with a 40-year history leading MLS technology development The pla
Slide 35: Receives 2026 Award for Excellence in Corporate Disclosure
Topics Receives “2026 Award for Excellence in Corporate Disclosure” from the Securities Analysts Association of Japan for the first time - Ranked first in the Electric / Precision category - Going forward, MinebeaMitsumi will continue to expand opportunities for constructive dialogue with all stakeh
Slide 36: Disclaimer
Any statements in this presentation which are not historical are future projections based on certain assumptions and executive judgments drawn from currently available information. Please note that actual performance may vary significantly from any particular projection due to various factors. Facto
Slide 37: Reference
Reference November 6, 2026 37
Slide 38: Full-Year Trends: Net Sales, Operating Income / Margin
Full-Year Trends: Net Sales, Operating Income / Margin (Billions of yen) Net sales Operating income Operating margin Special 1,664.4 Special 1,730.0 factors factors -5.0 -2.6 1,522.7 Special 128.0 factors +10.5 1,402.1 1,292.2 104.0 97.5 94.5 73.5 7.5% 7.4% 6.2% 6.2% 5.2% FY3/23 FY3/24 FY3/25 FY3/26
Slide 39: Full-Year Trends: Precision Technologies (PT)
Full-Year Trends: Precision Technologies (PT) Net sales (Billions of yen) Operating income (Billions of yen) Ball Bearings Aerospace PMC*1 Operating income Operating margin 23.9% 335.0 *1 The sub-segment name has been changed to Aerospace from Rod Ends & Fasteners from FY3/27 onward. 23.0%*² 80.0 35
Slide 40: Full-Year Trends: Motor, Lighting & Sensing (MLS)
Full-Year Trends: Motor, Lighting & Sensing (MLS) Net sales (Billions of yen) Operating income (Billions of yen) *1 Motors Electronic devices Sensing devices Other Operating income Operating margin 7.1% *¹ Effective from FY3/27, large-sized machined components for aircraft and 505.0 6.2%*² other app
Slide 41: Full-Year Trends: Semiconductor & Electronics (SE)
Full-Year Trends: Semiconductor & Electronics (SE) Net sales (Billions of yen) Operating income (Billions of yen) Operating income Operating margin 590.3 9.0%* 530.1 527.6 535.0 7.9% 4.7%* 4.7%* 7.2% 494.7 Special factors 4.2% 4.5% 4.7% FX forward contract -3.1 Others -3.1 Total -6.1 47.8* 41.6 35.5
Slide 42: Full-Year Trends: Access Solutions (AS)
Full-Year Trends: Access Solutions (AS) Net sales (Billions of yen) Operating income (Billions of yen) Operating income Operating margin 350.0 9.9% 328.1 332.2 5.2%* 322.1 5.1% 4.7% 3.3% 4.9% 1.1%* Special factors +17.3 Special factors -1.2 194.7 19.4 17.1* 17.1 16.5 15.9 10.6 2.1* FY3/23 FY3/24 FY3
Slide 43: Full-Year Trends: Profit Attributable to Owners of the Parent / EPS
Full-Year Trends: Profit Attributable to Owners of the Parent / EPS (Billions of yen) Profit for the period attributable to owners of the parent Earnings per share, basic (yen) Special factors +8.4 Special factors +25.2 99.0 100.0 91.6 * 73.2 73.8 * 59.5 246.60 249.01 54.0 228.06* 178.23 183.87* 147
Slide 44: S.G.&A. Expense / Ratio
S.G.&A. Expense / Ratio (Billions of yen) S.G.&A. expenses S.G.&A. to sales ratio 52.0 52.6 49.7 46.9 47.8 45.8 45.1 45.9 43.6 44.4 12.3% 12.0% 12.0% 12.5% 12.2% 11.4% 11.5% 11.3% 10.8% 10.5% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY3/25 FY3/26 FY3/27 November 6, 2026 44
Slide 45: Capital Expenditure / D&A Expense
Capital Expenditure / D&A Expense (Billions of yen) Capital expenditure Depreciation & Amortization expenses 147.0 * 100.0 94.8 96.5 83.6 75.0 70.4 66.2 58.4 59.2 53.0 37.7 FY3/23 FY3/24 FY3/25 FY3/26 FY3/27 FY3/27 1H Forecast * Capital expenditures of FY3/23 include new HQ building acquisition expe