MINEBEA MITSUMI Inc. Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2023 and Full Year Ending March 31, 2024
August 04, 2023 at 02:00 am EDT
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MINEBEA MITSUMI Inc. provided consolidated earnings guidance for the six months ending September 30, 2023 and full year ending March 31, 2024. For the six months, the company expects net sales of JPY 663,000 million and operating income of JPY 28,000 million, profit attributable to owners of parent of JPY 20,000 million and basic earnings per share of JPY 48.97.
For the full year, the company expects net sales of JPY 1,450,000 million, operating income of JPY 95,000 million, profit attributable to owners of parent of JPY 70,000 million and basic earnings per share of JPY 171.41.
MinebeaMitsumi Inc. is one of the world's leaders of design, manufacturing and marketing of high precision equipments and components for telecommunications, aviation, automotive industry and electronic sectors. Net sales break down by family of products as follows:
- semiconductors, optical devices, mechanical and electrical components (38.2%);
- electronic devices and components (33%): lighting devices for LCD screens, hard disk drives, special devices, etc.;
- machined components (15.8%) : ball bearings, pivots, spherical bearings, fasteners, couplers, magnetic brakes, etc.;
- automotive, industrial machinery and building components (12.9%);
- other (0.1%).
MINEBEAMITSUMI INC. 
