Results Summary
Latest Update : Nov.7, 2025
Back to Financial Results (FY3/2026)
Overview for the 1H of FY 3/2026 (From April 1, 2025 to September 30, 2025)
During the six months ended September 30, 2025, the global economy showed a mixed performance in each country amid growing uncertainty about the outlook against the backdrop of the imposition of reciprocal tariffs by the U.S.
The Japanese economy saw steady capital investment despite some weakness in exports of automobiles to the U.S. against the backdrop of the increase in reciprocal tariffs by the U.S. The U.S. economy has remained uncertain, as corporate earnings have come under pressure from the partial start of the passing on reciprocal tariff increases to the price of goods, and slower consumer spending caused by deteriorating employment conditions. The European economy remained firm as the low unemployment rate supported personal consumption, although exports to the U.S. declined due to the U.S. reciprocal tariff increases. The Chinese economy has remained uncertain due to a slowdown in domestic demand, driven by the waning effects of the government's measures to promote the replacement of durable goods and the sluggish real estate market, as well as a decline in exports to the U.S. driven by the imposition of reciprocal tariffs by the U.S. The economies of Southeast Asian countries remained firm overall, supported by strong inbound demand, although there were differences among countries.
Working against this backdrop, the MinebeaMitsumi Group (our "Group") concentrated on improving productivity, thoroughly cutting costs, creating high-value-added products, developing new technologies, and enhancing its marketing approach to achieve sustainable growth and boost profitability further.
As a result, net sales were 778,314 million yen. Operating income decreased by 2,401 million yen (-5.1%) year on year to 44,387 million yen, profit before income taxes increased by 4,366 million yen (12.1%) to 40,370 million yen, and profit for the period attributable to owners of the parent increased by 3,512 million yen (14.0%) to 28,585 million yen.
In addition, during the previous consolidated fiscal year, the provisional accounting treatment for the business combination was finalized. The finalized details of the provisional accounting treatment have been reflected in the figures for the first six months of the previous consolidated fiscal year.
Performance by Segment for the 1H of FY 3/2026 (From April 1, 2025 to September 30, 2025)
In addition, some classification in "Motor, Lighting & Sensing segment" and "Semiconductor & Electronics segment" have changed from the first six months of the fiscal year. The segment information disclosed for the first six months of the previous year has been prepared based on the classification of reporting segments after the corporate organization change.
Precision Technologies Segment
The main products in Precision Technologies segment include our Group's anchor product line, ball bearings, in addition to mechanical components such as rod-end bearings used primarily in aircraft and hard disk drive (HDD) pivot assemblies, etc. as well as fasteners for aircraft. Sales of ball bearings, our Group's mainstay product, increased due to steady demand for servers for data centers and use in aircraft.
As a result, net sales increased by 5,666 million yen (4.4%) year on year to 133,227 million yen, and operating income increased by 991 million yen (3.6%) to 28,685 million yen.
Motor, Lighting & Sensing Business
The main products in the Motor, Lighting & Sensing segment include electronic devices such as LED backlights for LCDs and smart products, as well as HDD spindle motors, sensing devices (measuring components), stepping motors, DC motors, fan motors, automotive motors, and special devices. Sales increased mainly due to an increase in demand for fan motors.
As a result, net sales increased by 3,545 million yen (1.7%) year on year to 218,255 million yen, while operating income decreased by 485 million yen (-3.8%) to 12,392 million yen.
Semiconductor & Electronics Business
The main products in Semiconductor & Electronics segment include semiconductor devices, optical devices, mechanical components, and power supply components. Sales decreased mainly due to a decline in sales of optical devices.
As a result, net sales decreased by 3,481 million yen (-1.3%) year on year to 267,250 million yen, and operating income decreased by 2,024 million yen (-17.3%) to 9,645 million yen.
Access Solutions Business
The main products in the Access Solutions segment include key sets, door latches, door handles, and other automotive components as well as industrial equipment components. Sales decreased due to a decrease in automobile production.
As a result, net sales decreased by 5,772 million yen (-3.5%) year on year to 157,767 million yen, while operating income increased by 612 million yen (9.4%) to 7,146 million yen.
Other Business Segment
Software design and development, and machines produced in-house are the main products in our Other business segment.
Net sales increased by 119 million yen (7.0%) year on year to 1,815 million yen, while operating loss increased by 335 million yen year on year to 880 million yen.
In addition to the figures noted above, 12,601 million yen in corporate expenses, etc. not attributable to any particular segment is indicated as adjustments. The total amount of adjustments was 11,441 million yen for the same period of the previous fiscal year.
Analysis of Financial Position for the 1H of FY 3/2026 (From April 1, 2025 to September 30, 2025)
Assets, Liabilities, and Net Assets
Total assets at the end of the six months were 1,694,206 million yen, an increase of 109,392 million yen from the end of the previous fiscal year. The main reason for this was an increase in inventories, and property, plant and equipment.
Total liabilities at the end of the six months were 898,939 million yen, an increase of 68,750 million yen from the end of the previous fiscal year. The main reason for this was an increase in bonds and borrowings.
Equity amounted to 795,267 million yen, and the equity ratio attributable to owners of the parent was 46.3%, a decrease of 0.6 percentage points from the end of the previous fiscal year.
Condition of Cash Flows
Cash and cash equivalents at the end of the six months were 221,998 million yen, an increase of 7,742 million yen from the end of the previous fiscal year.
Cash flows from each business activity during the six months ended September 30, 2025, and relevant factors were as follows:
Net cash provided in operating activities amounted to 22,342 million yen (compared to 53,910 million yen in the same period of the previous year). This was primarily due to changes in profit before income taxes, depreciation and amortization, and inventories. Net cash used in investing activities amounted to 37,216 million yen (compared to 82,460 million yen in the same period of the previous year). This was primarily due to purchase of property, plant and equipment. Net cash provided by financing activities amounted to 18,392 million yen (compared to 35,896 million yen in the same period of the previous year). This was primarily due to changes in short-term borrowings.
The content of this page is based on information included in the "Brief Report for Second Quarter of Fiscal Year Ending March 2026 (From April 1, 2025 to September 30, 2025)" announced on November 6, 2025.
