2017
Feb.13, 2017
MINEBEA MITSUMI Inc.
Notice Regarding Revisions to the Full-Year Consolidated Business Forecast for the Fiscal Year Ending March 31, 2017
MINEBEA MITSUMI Inc. announced today that it has revised as outlined below the full-year consolidated business forecast announced on November 2, 2016 for the fiscal year ending March 31, 2017 (from April 1, 2016 to March 31, 2017).
1. Revisions to Full-Year Consolidated Business Forecast for the Fiscal Year Ending March 31, 2017 (from April 1, 2016 to March 31, 2017)
| Net sales | Operating income | Ordinary income | Income attributable to owners of the parent |
Net income per share |
|
|---|---|---|---|---|---|
| millions of yen | millions of yen | millions of yen | millions of yen | yen | |
| Previous forecast (A) (announced on November 2, 2016) |
560,000 | 45,000 | 44,000 | 26,500 | 70.69 |
| Revised forecast (B) | 630,000 | 48,000 | 47,000 | 38,000 | 99.12 |
| Difference (B-A) | 70,000 | 3,000 | 3,000 | 11,500 | — |
| Difference (%) | 12.5 | 6.7 | 6.8 | 43.4 | — |
| (Reference) Results for the fiscal year ended March 31, 2016 | 609,814 | 51,438 | 46,661 | 36,386 | 97.26 |
2. Reasons for Revisions
We went ahead with the business integration with MITSUMI ELECTRIC CO., LTD. through a share exchange on January 27, 2017, and our company was renamed MINEBEA MITUSMI Inc. as of that date. Given this backdrop, we have revised our consolidated full-year forecast based on our best estimate of the total impact current market conditions as well as our performance during the first nine-month period will have on our operations.
(Note) The business forecast contained in this press release is made based on information available as of the date of the announcement. The actual results may differ from the forecast due to a variety of factors in the days to come.
| Company Name: | MINEBEA MITSUMI Inc. |
|---|---|
| Representative: | Yoshihisa Kainuma Representative Director, President and Chief Executive Officer (Code No. 6479, TSE Div. No. 1) |
| Contact: | Hiromi Yoda Director, Senior Managing Executive Officer |
| Phone: | +81-(0)3-6758-6711 |
Product information, contact and other context are subject to change without prior notice.
