2020
May 8, 2020
MINEBEA MITSUMI Inc.
Notice Regarding Differences between Non-consolidated Earnings for Fiscal Year Ended March 31, 2020 and those for Previous Fiscal Year
MINEBEA MITSUMI Inc. hereby announces the differences between its non-consolidated earnings for Fiscal Year Ended March 31, 2020 (from April 1, 2019 to March 31, 2020) and those for Previous Fiscal Year, as follows:
1. Differences between the Full-Year Non-Consolidated Earnings for Fiscal Year Ended March 31, 2020 (from April 1, 2019 to March 31, 2020) and those for Previous Fiscal Year
| Net sales | Operating income | Ordinary income | Net income | Net income per share |
|
|---|---|---|---|---|---|
| millions of yen | millions of yen | millions of yen | millions of yen | yen | |
| Results for Previous Fiscal Year (A) | 576,304 | 5,842 | 30,691 | 27,751 | 66.40 |
| Results for Fiscal Year March 31, 2020 (B) | 571,385 | 10,317 | 18,927 | 14,666 | 35.45 |
| Difference (B-A) | (4,918) | 4,474 | (11,763) | (13,084) | − |
| Difference (%) | (0.9) | 76.6 | (38.3) | (47.1) | − |
2. Reasons for the Differences
Regarding the non-consolidated earnings for the fiscal year ended March 31, 2020, operating income increased mainly due to decrease in costs resulting from termination of the "Trust-type Employee Shareholding Incentive Plan." On the other hand, ordinary income and net income decreased due to decreases in dividends from subsidiaries in order to improve their financial liquidity.
| Company Name: | MINEBEA MITSUMI Inc. |
|---|---|
| Representative: | Yoshihisa Kainuma Representative Director, CEO & COO (Code No. 6479, TSE Div. No. 1) |
| Contact: | Shuji Uehara Director, Senior Managing Executive Officer |
| Phone: | +81-(0)3-6758-6711 |
Information in the press releases is current on the date of the announcement.
Product information, contact and other context are subject to change without prior notice.
Product information, contact and other context are subject to change without prior notice.
