Briefing on items on the agenda
Latest Update : July 29, 2025
Back to Shareholders' Meetings (Year 2025)
The 79th Ordinary General Meeting of Shareholders
Business Report
We now report MinebeaMitsumi's business results for its 79th fiscal year.
More information is provided on page 16 through 75 of the Notice of the 79th Ordinary General Meeting of Shareholders.
Brief Explanation of the Current Business Environment
During the consolidated fiscal year, the Japanese economy continued to show a moderate recovery as inbound demand and capital investment remained solid. The U.S. economy remained weak because consumer spending was pushed down by a mood of uncertainty over future prospects due to increased U.S. tariffs, although domestic production activity increased in automotive and other industries, driven by rush demand anticipating tariff raises. The outlook for the European economy is uncertain because exports to China remained stagnant, while export to the U.S. temporarily increased as companies dealt with concerns over anticipated U.S. tariff raises. In China, domestic demand and capital investment were strong due to the government subsidy policy. Export increased to meet the rush demand anticipating U.S. tariff raises, but this increase was only temporary, since the economy is uncertain. In Southeast Asia, the economy remained resilient as export continued to be solid and domestic demand increased.
The above includes the profit and loss of Minebea Power Semiconductor Device Inc. (formerly known as Hitachi Power Semiconductor Device, Ltd.), which the Company acquired on May 2, 2024.
Current Fiscal Year Results on Consolidated Basis
Working against this backdrop, the MinebeaMitsumi Group (the "Group") has focused on cutting costs, creating high-value-added products, developing new technologies, and enhancing its marketing approach to boost profitability further.
As a result, net sales were up 120,576 million yen (8.6%) year on year to 1,522,703 million yen. Operating income was up 20,946 million yen (28.5%) year on year to 94,482 million yen, profit before income taxes was up 7,064 million yen (9.4%) year on year to 82,609 million yen, and profit for the year attributable to owners of the parent was up 5,422 million yen (10.0%) year on year to 59,457 million yen.
Business Results by Segment
From the current consolidated fiscal year, some categories were changed in "Semiconductor & Electronics segment," "Access Solutions segment," and "Adjustments." Segment information for the previous fiscal year is disclosed based on the classification after the corporate reorganization.
Precision Technologies Segment
The main products in our Group's 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 favorable sales for fan motors resulting from steady demand for servers for data centers. In addition, sales of pivot assemblies increased due to firm demand for use in HDD. Sales of rod-end bearings increased due to an increase demand for aircraft-related products.
As a result, net sales were up 44,296 million yen (21.0%) year on year to 255,702 million yen, and operating income was up 17,661 million yen (46.4%) year on year to 55,696 million yen.
Motor, Lighting & Sensing Segment
The main products of our Group's Motor, Lighting & Sensing segment include electronic devices (devices such as LED backlights for LCDs, sensing devices (measuring components), etc.), HDD spindle motors, stepping motors, DC motors, air movers, and special devices. Sales increased mainly due to firm demand for spindle motors for HDD.
As a result, net sales were up 38,355 million yen (10.4%) year on year to 407,743 million yen, and operating income was up 11,117 million yen (93.7%) year on year to 22,984 million yen.
Semiconductor & Electronics Segment
The main products in the Semiconductor & Electronics business segment are semiconductor devices, optical devices, mechanical components, power supply components, and smart products. Although sales of mechanical components declined, sales increased due to the acquisition of Minebea Power Semiconductor Device Inc.
As a result, net sales were up 32,929 million yen (6.7%) year on year to 527,646 million yen, and operating income decreased by 13,519 million yen (-38.0%) year on year to 22,003 million yen.
Access Solutions Segment
The main products of the Access Solutions business segment are key sets, door latches, door handles, and other automotive components as well as industrial equipment components. Sales increased due to an increase in demand for automotive antennas.
As a result, net sales were up 5,973 million yen (1.9%) year on year to 328,081 million yen, and operating income was up 5,299 million yen (49.9%) year on year to 15,924 million yen.
Other Business Segment
The main products of the Other Business Segment are Software design, development, and machines produced in-house.
Net sales were down 977 million yen (-21.7%) year on year to 3,531 million yen (composition ratio to sales: 0.2%), and operating income was down 466 million yen for an operating loss of 1,194 million yen (composition ratio to operating income: -1.3%).
Capital Expenditures
During the fiscal year under review, capital expenditures were 11,969 million yen for the Precision Technologies business, 16,396 million yen for the Motor, Lighting & Sensing business, 23,942 million yen for the Semiconductor & Electronics business, 26,842 million yen for the Access Solutions business, 45 million yen for the Other businesses, and 15,583 million yen for the whole company (common), totaling 94,777 million yen. The main capital expenditures for the Precision Technologies business were equipment to increase production of ball bearing, etc. in Thailand. The main capital expenditures for the Motor, Lighting & Sensing business were equipment for motor-related facilities, etc. in Thailand and Cambodia. The main capital expenditures for the Semiconductor & Electronics business were optical devices related facilities, etc. in the Philippines and semiconductor related facilities, etc. in Japan. The main capital expenditures for the Access Solutions business were equipment for automotive related facilities in Europe and China.
Finally, the main capital expenditures for the Other businesses and the whole company (common) were 15,628 million yen.
Consolidated Statements of Financial Position and Consolidated Statements of Income
Balance Sheets and Statements of Income and Balance Sheet and Income Statement
The Consolidated Statements of Financial Position and Consolidated Statements of Income are as shown on pages 40 to 41 of the Notice of the 79th Ordinary General Meeting of Shareholders, and our Non-Consolidated Balance Sheet and Non-Consolidated Statement of Income are as shown on pages 42 to 43, so we will not provide an explanation of these matters.
