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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 2021 JPYUSD
Revenue988,424M9,319.70M
Gross Profit167,552M1,579.82M
Operating income59,767M563.53M
Income before tax49,527M466.98M
Net income38,759M365.45M
EBITDA108,435M1,022.41M
Diluted EPS92.860.87
Dividends Per Share360.33
Total Assets976,771M8,839.55M
Total liabilities522,773M4,730.97M
Total equity451,141M4,082.72M
Operating cash flow93,763M884.07M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 638,926M 881,413M 884,723M 978,445M 988,424M
Gross Profit 124,750M 174,575M 165,527M 166,560M 167,552M
Operating income 49,016M 76,215M 71,059M 58,913M 59,767M
Income before tax 48,473M 66,855M 71,321M 58,089M 49,527M
Net income 41,146M 50,326M 60,142M 45,975M 38,759M
EBITDA 78,279M 106,706M 108,528M 105,184M 108,435M
Diluted EPS 105.64 117.02 140.75 108.68 92.86
Dividends Per Share 14 26 28 28 36
Total Assets 643,312M 703,558M 742,127M 864,481M 976,771M
Total liabilities 317,089M 340,337M 334,867M 462,205M 522,773M
Total equity 321,395M 356,091M 399,703M 394,372M 451,141M
Operating cash flow 83,125M 92,201M 100,722M 86,486M 93,763M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 5,900.27M 7,952.66M 7,978.04M 8,999.20M 9,319.70M
Gross Profit 1,152.02M 1,575.12M 1,492.65M 1,531.92M 1,579.82M
Operating income 452.64M 687.65M 640.77M 541.84M 563.53M
Income before tax 447.63M 603.20M 643.14M 534.27M 466.98M
Net income 379.96M 454.07M 542.33M 422.85M 365.45M
EBITDA 722.88M 962.76M 978.65M 967.42M 1,022.41M
Diluted EPS 0.97 1.05 1.26 0.99 0.87
Dividends Per Share 0.12 0.23 0.25 0.25 0.33
Total Assets 5,773.23M 6,615.49M 6,704.85M 8,007.79M 8,839.55M
Total liabilities 2,845.63M 3,200.15M 3,025.40M 4,281.45M 4,730.97M
Total equity 2,884.27M 3,348.29M 3,611.17M 3,653.11M 4,082.72M
Operating cash flow 767.63M 831.89M 908.26M 795.45M 884.07M

Valuation Measures

Mar 2021
PER29.79
ROA4.21%
ROE9.16%
Operating margin6.04%
Profit margin3.92%

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. (6.4%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (5.6%)
  • Minebea Mitsumi, Inc. (5.3%)
  • Fidelity Management & Research Co. LLC (5.2%)
  • Takahashi Industrial & Economic Research Foundation (3.6%)
  • Sumitomo Mitsui Trust Holdings, Inc. (3.6%)
  • Nikko Asset Management Co., Ltd. (3.1%)
  • Daiwa Asset Management Co. Ltd. (2.4%)
  • 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
  • ABCO Electronics Co., Ltd.
  • Foxconn Technology Co., Ltd.
  • Power Logics Co., Ltd.
Last Updated on 24 Sep, 2021

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