Consolidated Sales and Profit Forecast
Latest Update : Sept.17, 2024
* MinebeaMitsumi has adopted International Financial Reporting Standards (IFRS) from the 1Q of FY3/2019.
Forecast for the FY3/2025
Forecast of consolidated financial results for the fiscal year ending March 31, 2025, we expect to reach a new record high in both sales and operating income.
Net sales are expected to increase in each segment to 1,560 billion yen due to improved inventory levels in the end markets.
Similarly, operating income is expected to increase due to the effect of increased sales and continued cost reduction activities in each segment, as well as an anticipated market recovery trend toward the second half of the year.
| FY3/2024 Full Year Actual |
FY3/2025 | YoY Change |
||||
|---|---|---|---|---|---|---|
| 1H Forecast |
2H Forecast |
Full Year Forecast |
||||
| Net sales | millions of yen | 1,402,127 | 770,000 | 790,000 | 1,560,000 | 11.3% |
| Operating income | millions of yen | 73,536 | 48,000 | 55,000 | 103,000 | 40.1% |
| Operating margin | % | 5.2% | 6.2% | 7.0% | 6.6% | |
| Profit before income taxes | millions of yen | 75,545 | 46,000 | 53,000 | 99,000 | 31.0% |
| Profit before income taxes margin | % | 5.4% | 6.0% | 6.7% | 6.3% | |
| Profit for the period attributable to owners of the parent | millions of yen | 54,035 | 34,000 | 39,000 | 73,000 | 35.1% |
| Profit for the period attributable to owners of the parent margin | % | 3.9% | 4.4% | 4.9% | 4.7% | |
| Earnings per share, basic (EPS) | yen | 133.05 | 84.08 | 96.44 | 180.52 | 35.7% |
Forecast for the Consolidated Sales and Operating Income by Business Segment
Precision Technologies for the fiscal year ending March 31, 2025, we expect sales of ball bearings to increase due to gradual recovery of demand for automobiles, and demand for data centers is expected to recover from the second half of the fiscal year. In our aircraft-related businesses, including rod-ends and fasteners, we expect aircraft production rates to exceed pre COVID-19 levels in the second half of the year, and we expect to achieve record results. For PMC, we also expect recovery of demand in this fiscal year.
Motor, Lighting & Sensing for the fiscal year ending March 31, 2025, we expect an increase in both sales and operating income due to steady sales of motors for automotive applications, a recovery trend in motors for HDDs, and an improved product mix. For electronic devices, we expect a decrease in sales and an increase in profit. For sensing devices, we expect an increase in sales and a decrease in profit.
Semiconductors & Electronics, includes the results of Minebea Power Semiconductor Devices (formerly Hitachi Power Semiconductor Devices), which became a consolidated subsidiary as of May 2, 2024.
Access Solutions, we expect an increase in sales and operating income due to impact of market recovery and business integration.
| FY3/2024 Full Year Actual |
FY3/2025 | YoY Change |
||||
|---|---|---|---|---|---|---|
| 1H Forecast |
2H Forecast |
Full Year Forecast |
||||
| Net sales | millions of yen | 1,402,127 | 770,000 | 790,000 | 1,560,000 | 11.3% |
| Precision Technologies | millions of yen | 211,406 | 126,000 | 129,000 | 255,000 | 20.6% |
| Motor, Lighting & Sensing | millions of yen | 369,388 | 206,000 | 209,000 | 415,000 | 12.3% |
| Semiconductors & Electronics | millions of yen | 494,717 | 272,000 | 283,000 | 555,000 | 12.2% |
| Access Solutions | millions of yen | 322,108 | 164,000 | 166,000 | 330,000 | 2.5% |
| Others | millions of yen | 4,508 | 2,000 | 3,000 | 5,000 | 10.9% |
| Operating income | millions of yen | 73,536 | 48,000 | 55,000 | 103,000 | 40.1% |
| Precision Technologies | millions of yen | 38,035 | 26,500 | 28,500 | 55,000 | 44.6% |
| Motor, Lighting & Sensing | millions of yen | 11,867 | 12,000 | 12,000 | 24,000 | x 2.0 |
| Semiconductors & Electronics | millions of yen | 35,522 | 15,000 | 18,000 | 33,000 | -7.1% |
| Access Solutions | millions of yen | 10,625 | 7,000 | 10,000 | 17,000 | 60.0% |
| Other | millions of yen | -728 | -500 | -500 | -1,000 | - |
| Adjustments | millions of yen | -21,785 | -12,000 | -13,000 | -25,000 | - |
Capital Expenditure, Depreciation, Research and Development Costs
| FY3/2024 Full Year Actual |
FY3/2025 Full Year Forecast |
YoY Change |
||
|---|---|---|---|---|
| Depreciation and amortization | millions of yen | 58,359 | 64,000 | 9.7% |
| Capital expenditures | millions of yen | 83,570 | 80,000 | -4.3% |
| R&D expenses | millions of yen | 42,662 | 45,000 | 5.5% |
Foreign Exchange
| FY3/2024 Full Year Actual |
FY3/2025 Full Year Assumption |
|||
|---|---|---|---|---|
| USD | PL | yen | 143.31 | 140.00 |
| BS | yen | 151.41 | 140.00 | |
| EUR | PL | yen | 155.18 | 150.00 |
| BS | yen | 163.24 | 150.00 | |
| THB | PL | yen | 4.08 | 4.00 |
| BS | yen | 4.16 | 4.00 | |
| CNY | PL | yen | 20.03 | 18.50 |
| BS | yen | 20.83 | 18.50 | |
