MINEBEA MITSUMI (6479) Q1 2027 earnings summary

Executive summary

• Achieved record highs in 1Q net sales and operating income, driven by robust demand from AI data centers and strong performance across all major segments, including Precision Technologies, Motor, Lighting & Sensing, and Semiconductor & Electronics.

• Profit for the period and EPS nearly doubled year-over-year, with significant contributions from Precision Technologies and Motor, Lighting & Sensing.

• The company revised its full-year forecast upward, projecting net sales of ¥1,690,000 million and operating income of ¥120,000 million.

Financial highlights

• 1Q net sales: ¥426.6B (+16.3% YoY, -1.3% QoQ); operating income: ¥26.3B (+50.9% YoY, -7.0% QoQ); profit for the period: ¥21.3B (+95.6% YoY).

• EPS: ¥53.03 (+95.5% YoY); operating margin for 1Q: 6.2%.

• Gross profit increased to ¥79,619 million from ¥62,113 million year-over-year.

• Comprehensive income for the period surged to ¥37,974 million from ¥7,643 million a year earlier.

• Cash and cash equivalents at period-end were ¥241,782 million, up ¥14,260 million from the previous year-end.

Outlook and guidance

• FY3/27 full-year net sales forecast: ¥1,690.0B (+1.5% YoY); operating income: ¥120.0B (+15.4% YoY).

• Profit for the period revised upward to ¥87.0B (-12.2% YoY, reflecting special factors).

• EPS forecast: ¥216.64.

• Interim and year-end dividends are planned at ¥30 per share each, targeting a 30% payout ratio.