MINEBEA MITSUMI (6479) Q3 2026 earnings summary

Executive summary

• Net sales and operating income reached record highs for 3Q, both exceeding forecasts, with strong momentum across all business segments and a positive outlook for continued growth into FY3/27 and beyond.

• Net sales rose 7.3% year-over-year to ¥1,232,235 million for the nine months ended December 31, 2025, driven by growth in key segments and recent acquisitions.

• Operating income increased 3.1% year-over-year to ¥75,208 million, while profit attributable to owners of the parent grew 16.2% to ¥49,385 million.

• Full-year forecasts for net sales and operating income were revised upward, reflecting robust demand and steady progress in core businesses.

• Strategic focus on five growth areas, including AI servers and humanoid robots, is expected to drive future expansion.

Financial highlights

• 3Q FY3/26 net sales: ¥453.9B (+22.8% YoY, +10.3% QoQ); operating income: ¥30.8B (+17.8% YoY, +14.3% QoQ); profit attributable to owners: ¥20.8B (+19.4% YoY, +17.5% QoQ); EPS: ¥51.79 (+19.4% YoY, +17.5% QoQ).

• Gross profit increased to ¥213,934 million from ¥204,005 million year-over-year.

• Basic and diluted EPS rose to ¥122.97 from ¥105.36 year-over-year.

• Total assets grew to ¥1,782,291 million, and equity attributable to owners reached ¥844,462 million.

• Cash and cash equivalents at period-end were ¥219,970 million, up ¥5,714 million from March 2025.

• Full-year FY3/26 forecast: net sales ¥1.6T (+5.1% YoY), operating income ¥101B (+6.9% YoY), profit attributable to owners ¥71B (+19.4% YoY), EPS ¥176.80 (+19.8% YoY).

Outlook and guidance

• Full-year net sales and operating income forecasts revised upward; strong 4Q momentum expected.

• Basic EPS for the year ending March 31, 2026, projected at ¥176.80.

• Bearings production to maintain 350 million units/month; further demand growth anticipated in five growth areas.

• Motors and electronic devices expected to remain steady; AI server-related business expanding.

• Recovery in Access Solutions segment expected from 4Q after semiconductor supply issues.

• Year-end dividend planned at ¥25 per share, with total annual dividend forecast at ¥50 per share.