MINEBEA MITSUMI, The Current Fiscal Year Net Income Revised Downward by 14%, The Undetermined Dividend Raised by 5 yen

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Wed Feb 5, 2025 3:30 pm JST Earnings

6479 MINEBEA MITSUMI Inc. 【IFRS】

Earnings Report

MINEBEA MITSUMI Inc. <6479> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 5th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 22.3% from the same period last year, reaching 43.6 billion yen.

However, the full-year consolidated net income has decreased 13.6%, from the previous forecast of 66 billion yen to 57 billion yen (compared to 54 billion yen in the previous period), leading to a reduction in the profit growth rate from 22.1% to 5.5%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income for the October to March period (2H) has decreased 22.5%, from the previous forecast of 39.9 billion yen to 30.9 billion yen (compared to 33.5 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 7.7% decrease in profit.

At the same time, the company has decided to implement a annual dividend of 45 yen for the current fiscal year, which was previously undecided (compared to 40 yen in the prior term).

In the most recent three-month period, from October to December (3Q), the consolidated net income grew 15.7% from the same period last year, reaching 17.6 billion yen. The operating profit margin improved from 6.5% in the same period last year to 7.1%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	952,485	66,081	61,921	43,027	104.8	67.2	Feb 3, 2023	IFRS
Apr - Dec, 2023	1,053,324	53,194	52,943	35,708	87.8	70.1	Feb 2, 2024	IFRS
Apr - Dec, 2024	1,147,880	74,594	61,570	43,654	108.2	ー	Feb 5, 2025	IFRS
YoY	+9.0%	+40.2%	+16.3%	+22.3%	+23.3%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	781,763	54,829	ー	39,952	99.5	－	Nov 6, 2024	IFRS
Oct - Mar, 2024 New	721,763	44,829	ー	30,952	77.1	25	Feb 5, 2025	IFRS
Revision Rate	-7.7%	-18.2%	－	-22.5%	-22.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	1,560,000	103,000	ー	66,000	164.4	－	Nov 6, 2024	IFRS
Mar, 2025 New	1,500,000	93,000	ー	57,000	141.9	45	Feb 5, 2025	IFRS
Revision Rate	-3.8%	-9.7%	－	-13.6%	-13.6%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	730,010	45,046	44,016	33,539	82.6	20	May 10, 2024	IFRS
Oct - Mar, 2024 Guidance	721,763	44,829	ー	30,952	77.1	25	Feb 5, 2025	IFRS
YoY	-1.1%	-0.5%	－	-7.7%	-6.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,292,203	97,530	92,128	73,152	178.2	40	May 11, 2023	IFRS
Mar, 2024	1,402,127	73,536	75,545	54,035	133.1	40	May 10, 2024	IFRS
Mar, 2025 Guidance	1,500,000	93,000	ー	57,000	141.9	45	Feb 5, 2025	IFRS
YoY	+7.0%	+26.5%	－	+5.5%	+6.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	381,207	24,704	21,414	15,212	37.4	6.5	Feb 2, 2024	IFRS
Jan - Mar, 2024	348,803	20,342	22,602	18,327	45.1	5.8	May 10, 2024	IFRS
Apr - Jun, 2024	355,454	20,025	19,357	13,936	34.5	5.6	Aug 2, 2024	IFRS
Jul - Sep, 2024	422,783	28,146	18,030	12,112	30.0	6.7	Nov 6, 2024	IFRS
Oct - Dec, 2024	369,643	26,423	24,183	17,606	43.7	7.1	Feb 5, 2025	IFRS
YoY	-3.0%	+7.0%	+12.9%	+15.7%	+16.7%