Business

MITSUMI Business

Major products

Precision components (connectors/switches/coils), Optical devices (camera actuators), Power supply components, Mechanical components, Automotive products (high-frequency components), Semiconductors (analog semiconductors)

Major applications

Basic strategies

MinebeaMitsumi is well aware that the key challenge to secure the absolute permanence of the MITSUMI business is to facilitate robust growth of the five areas encompassing the new Eight Spear product groups as the future core businesses.
As such, the basic strategy of the MITSUMI business involves strengthening the new Eight Spear products using cash generated from sub-core businesses as a growth resource. This will be achieved through (1) organic growth, (2) development of the new products encompassing these businesses, and (3) performing M&A of companies thought to be able to effectively utilize these businesses.

Core competencies

The source of our competitiveness is our technological development capability in fields requiring microfabrication—represented by sensors, optics, micro-electro-mechanical systems (MEMS), high-frequency technology, electronic circuits technology, and semiconductor design technology. Furthermore, by fusing MinebeaMitsumi's DNA, our core technologies including ultra-precision machining and vertical integration, through the business integration, we are creating an all-in-one system to respond to our customers' detailed needs from development through to mass production. Half of the new Eight Spear products belong to the MITSUMI business and are the driving force in the creation of the Group's overall INTEGRATION.

Overview of the fiscal year ended March 2020

Highlights of the MITSUMI business

Secured the same level of income in real terms as the previous fiscal year

Camera actuators have enjoyed a large increase in sales with trends in smartphones with multiple cameras and higher functionality. Amid the global economic slowdown, analog semiconductors trended strongly and enjoyed increased sales.
Meanwhile, sales of mechanical components decreased due to a change in the product mix of some OEM products. Sales of precision components, power supplies, and automotive products declined slightly compared with the previous fiscal year.
As a result, net sales were 292.2 billion yen (down 2.0% YoY), operating income was 18.7 billion yen (down 15.8% YoY), and operating margin was 6.4%. Taking into account positive special factors amounting to approximately 4 billion yen in the previous fiscal year, operating income was almost on par with the previous year.

Analog semiconductors are growing as an earnings pillar by both organic growth and M&As

We expect to leverage very substantial synergies in the dual fronts of top line and costs, in conjunction with ABLIC, which was subject to business integration in April 2020.
Analog semiconductors of ABLIC for automobiles, medical devices and industrial machinery are applied to sophisticated connectivity technologies and dedicated devices closely associated with IoT technologies. Going forward, through the INTEGRATION of the unique products of ABLIC including medical device IC, battery-less sensors, and magnetic sensors with the Company's technological platform of motors, sensors, and wireless communications, we will work to create revolutionary new products to contribute to the IoT society.

Challenging ourselves to create revolutionary new products to contribute to the IoT society

Since the founding of its predecessor, MITSUMI ELECTRIC, the MITSUMI business strength has been its technological development in connectivity, including high-frequency technology and wireless communication technology.
That technology resides at the center of the source of our competitiveness created by the INTEGRATION of the MinebeaMitsumi Group. These technologies are now used in a range of products including automobiles, consumer electronics, and Smart White Goods. Going forward, we will contribute to the acceleration of an advanced information, smart society through IoT, big data, and AI.
Furthermore, as stated to the right, the MITSUMI business will cover six of the new Eight Spears and seven of the ten core technologies, and is a field poised for large growth in the future.

ABLIC

Introducing ABLIC, which was integrated with the MinebeaMitsumi Group on April 2020.

Origin of the company name

On January 5, 2018, the new company name ABLIC Inc. was born.
ABLIC is a coined word combining ABLE (possible) and IC (abbreviation of "integrated circuit"), expressing that semiconductor technology enables possibilities. The company name was decided by a vote by all employees.
The company logo consists of an upwards arrow, representing growth, combined with a diamond (◆), representing integrated circuits, which together form an "A," the first letter of the company name. This, as a whole, expresses its corporate vision of striving to help society grow through semiconductor technology.

Background details of business integration

With a focus on "ultra-small, power-saving, and easy-to-use" in its analog semiconductors, ABLIC is strong in the consumer electronics, automobile, medical, and industrial fields. The organization excels in solidarity, speed, and energy, and is a development-driven company that constantly challenges itself to pursue cutting-edge industrial innovation.
Through the recent business integration of ABLIC with MinebeaMitsumi, we expect strong synergies in all fields including sales, production, and technological development. Using ABLIC's abundant transaction track record and knowledge within a range of industries in INTEGRATION—including overall Group product development and proposals to end customers—we are working to expand our business opportunities to achieve 100 billion yen in net sales in the analog semiconductor business.

Effects of business integration

Growth image of net sales for analog semiconductors

Highlights of ABLIC

ABLIC's Three Spears newly added to MITSUMI semiconductor's Five Spears (focus development fields)

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