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Producer Manufacturing

Minebea Mitsumi, Inc.

Business Summary

Minebea Mitsumi, Inc. engages in the manufacture and sale of high precision ball bearings and components for IT (Information Technology), telecommunications, aerospace, automotive, and home appliance industries. It operates through the following segments: Machined Components, Electronic Devices and Components, Mitsumi Electric Products, and Others. The Machined Components segment provides mechanical parts such as ball bearings, rod-end bearings, hard disk drive pivot assemblies, and aircraft screws. The Electronic Devices and Components segment offers LED backlights, sensor devices, stepping motors, fan motors, hard disk drive spindle motors, precision motors, and other special devices. The Mitsumi Electric Products segment handles the semiconductor, optical, mechanical, high frequency, and power supply devices. The Others segment deals with the in-house produced machines. The company was founded on July 16, 1951 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2022 JPYUSD
Revenue1,124.14B10,003.67M
Gross Profit215,501M1,917.73M
Operating income90,225M802.90M
Income before tax90,788M807.91M
Net income68,935M613.44M
EBITDA135,539M1,206.15M
Diluted EPS166.601.48
Dividends Per Share360.32
Total Assets1,104.19B9,097.35M
Total liabilities562,757M4,636.51M
Total equity538,610M4,437.56M
Operating cash flow78,417M697.82M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 881,413M 884,723M 978,445M 988,424M 1,124.14B
Gross Profit 174,575M 165,527M 166,560M 167,552M 215,501M
Operating income 76,215M 71,059M 58,913M 59,767M 90,225M
Income before tax 66,855M 71,321M 58,089M 49,527M 90,788M
Net income 50,326M 60,142M 45,975M 38,759M 68,935M
EBITDA 106,706M 108,528M 105,184M 108,435M 135,539M
Diluted EPS 117.02 140.75 108.68 92.86 166.60
Dividends Per Share 26 28 28 36 36
Total Assets 703,558M 742,127M 864,481M 976,771M 1,104.19B
Total liabilities 340,337M 334,867M 462,205M 522,773M 562,757M
Total equity 356,091M 399,703M 394,372M 451,141M 538,610M
Operating cash flow 92,201M 100,722M 86,486M 93,763M 78,417M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 7,952.66M 7,978.04M 8,999.20M 9,319.70M 10,003.67M
Gross Profit 1,575.12M 1,492.65M 1,531.92M 1,579.82M 1,917.73M
Operating income 687.65M 640.77M 541.84M 563.53M 802.90M
Income before tax 603.20M 643.14M 534.27M 466.98M 807.91M
Net income 454.07M 542.33M 422.85M 365.45M 613.44M
EBITDA 962.76M 978.65M 967.42M 1,022.41M 1,206.15M
Diluted EPS 1.05 1.26 0.99 0.87 1.48
Dividends Per Share 0.23 0.25 0.25 0.33 0.32
Total Assets 6,615.49M 6,704.85M 8,007.79M 8,839.55M 9,097.35M
Total liabilities 3,200.15M 3,025.40M 4,281.45M 4,730.97M 4,636.51M
Total equity 3,348.29M 3,611.17M 3,653.11M 4,082.72M 4,437.56M
Operating cash flow 831.89M 908.26M 795.45M 884.07M 697.82M

Valuation Measures

Mar 2022
PER15.83
ROA6.62%
ROE13.92%
Operating margin8.02%
Profit margin6.13%

Key executives

  • Chairman, Executive President, CEO & COO: Yoshihisa Kainuma
  • Executive Officer, Manager-Finance & Accounting: Hidekazu Kudo
  • Director & General Manager-Technology: Michiya Kagami
  • Director & Manager-Technology Development: Hiroshi Aso
  • Director & Vice President: Ryozo Iwaya

Shareholders

  • Nomura Asset Management Co., Ltd. (7.5%)
  • Fidelity Management & Research Co. LLC (5.9%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (5.1%)
  • Takahashi Industrial & Economic Research Foundation (3.6%)
  • Sumitomo Mitsui Trust Holdings, Inc. (3.6%)
  • Minebea Mitsumi, Inc. (3.3%)
  • Nikko Asset Management Co., Ltd. (3.2%)
  • The Vanguard Group, Inc. (2.5%)
  • Mitsubishi UFJ Financial Group, Inc. (2.4%)
  • Sumitomo Mitsui Financial Group, Inc. (2.3%)

Contact Details

Related Companies

  • Minebea Intec USA, Inc.
  • Minebea Intec Italy Srl
  • Minebeamitsumi Shanghai Trading Ltd.
  • Minebea Mitsumi Board Incentive Plan
  • Minebea Mitsumi Employee Incentive Plan
  • Minebea Intec France SAS
  • ABLIC, Inc.
  • Cixi New Meipeilin Precision Bearing Co. Ltd.
  • Minebea (Shenzhen) Ltd.
  • Minebea (Hong Kong) Ltd.
  • Minebea Electronic Devices (Suzhou) Ltd.
  • Minebea (Cambodia) Co. Ltd.
  • Minebea Electronics Motor (Zhuhai) Co., Ltd.
  • Minebea Electronics Motor (Malaysia) Sdn. Bhd.
  • Shiono Precision Co., Ltd.
  • Minebea Trading (Shanghai) Ltd.
  • Paradox Engineering SA
  • Minebea Technologies Taiwan Co. Ltd.
  • Hwan Chong Enterprise Co. Ltd.
  • Pelmac Thai Ltd.
  • NMB Thai Ltd.
  • NMB Corp.
  • DPM Co., Ltd. (Japan)
  • NMB Singapore Ltd.
  • NMB Minebea Slovakia sro
  • NMB-Minebea GmbH
  • MinebeaMitsumi Technology Center Europe GmbH
  • NMB Sales Co. Ltd.
  • Minebea Intec GmbH
  • NMB Electro Precision, Inc.

Competitors

  • SKF AB Class B
  • RBC Bearings Incorporated
  • Zhejiang XCC Group Co., Ltd. Class A
  • Sinomach Precision Industry Co., Ltd. Class A
  • Shenzhen Baoming Technology Co., Ltd. Class A
  • Ways Electron Co. Ltd. Class A
  • Foxconn Technology Co., Ltd.
  • Power Logics Co., Ltd.
Last Updated on 27 Jan, 2023

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