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Latest Update : Feb.16, 2018
Back to Financial Results (FY3/2018)
Investor Conference Call for 3Q FY 3/2018 held on February 7, 2018
Here are the highlights of our consolidated financial results.
Consolidated net sales for the first nine months ending March 2018 totaled 654,927 million yen while operating income came to 64,389 million yen and net income 51,555 million yen.
That's a year-on-year increase of 48.0% in net sales while operating income and net income were respectively 85.5% and 2.1 times higher than the previous year's figures.
Net sales, operating income, ordinary income, and net income totals for the first three quarters all significantly exceeded previous record highs.
This uptick was due to significantly improved productivity for the Mitsumi business segment, which was integrated with Minebea last January, as well as steady business for major products such as ball bearings, motors and LED backlights.
Currency fluctuations brought net sales up an estimated 27.5 billion yen year on year and operating income up an estimated 2.3 billion yen year on year.
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