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MINEBEA MITSUMI (6479) investor relations material
MINEBEA MITSUMI Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 FY2027 net sales, operating income and parent-attributable profit reached second-quarter records; first-half sales, operating income and attributable profit also set records.
Strong data-center, AI-server, bearings, aerospace and motor demand supported results; softer automotive, gaming and other markets, plus European structural reforms, weighed on some businesses.
Financial highlights
Q2 net sales were ¥464.2bn (+12.8% YoY), operating income ¥31.8bn (+17.8%), and parent-attributable profit ¥29.7bn (+67.9%); EPS was ¥73.98.
H1 net sales were ¥890,751m (+14.4% YoY), operating income ¥58,065m (+30.8%), pretax profit ¥71,805m (+77.9%) and parent-attributable profit ¥51,005m (+78.4%).
Q2 profit included an ¥8.4bn fair-value gain linked to Toshiba shares; profit excluding the gain was ¥21.3bn, with adjusted EPS of ¥53.03.
H1 comprehensive income was ¥39,905m, down YoY, reflecting a ¥14,617m foreign-currency translation loss in OCI.
Outlook and guidance
FY3/27 forecasts were raised to net sales of ¥1,730.0bn, operating income of ¥128.0bn, pretax profit of ¥138.0bn and parent-attributable profit of ¥100.0bn; EPS is ¥249.01.
Excluding Toshiba share valuation effects, FY3/27 attributable profit is forecast at ¥91.6bn and EPS at ¥228.06; both forecasts imply 24.0% YoY growth.
2H forecasts call for sales of ¥839.2bn (-5.3% YoY) and operating income of ¥69.9bn (+17.4%); game and optical-device revenue are expected to fall ¥38bn and ¥15bn, respectively.
FY3/27 operating margin is forecast at 7.4% and real margin at 8.7%; the real-margin target is 10% by March 2029. 2H FX assumption is ¥155/$; restructuring costs are ~¥2.6bn.
Five Growth Areas +1 sales are projected to grow at ~24% CAGR through FY3/29 to ¥430bn, including ¥230bn in AI-server-related revenue.
- Record 1Q results and raised outlook reflect strong AI-driven growth across all segments.6479
Q1 2027 - Record sales and profit growth, with continued expansion and higher dividends planned.6479
Q4 2026 - Record sales and profit growth led to an improved full-year outlook and upward forecast revision.6479
Q3 2026 - Targets ¥2.5T sales and ¥250B operating income by FY3/29, leveraging innovation and integration.6479
Status Update - Record Q1 sales, profit pressure, raised dividend, and cautious outlook amid FX and tariff risks.6479
Q1 2026 - Record sales and income driven by PT, MLS, and acquisition; outlook robust despite profit revision.6479
Q2 2025 - Record Q1 results and an acquisition led to raised full-year guidance and robust segment growth.6479
Q1 2025 - Record FY2025 results; FY2026 outlook cautious amid tariff and rare earth risks.6479
Q4 2025 - Sales and profit rose year-on-year, but full-year outlook was revised down.6479
Q3 2025
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