MINEBEA MITSUMI Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 02, 2024 at 01:00 am EST
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MINEBEA MITSUMI Inc. reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was JPY 381,207 million compared to JPY 371,424 million a year ago. Net income was JPY 14,754 million compared to JPY 12,271 million a year ago. Basic earnings per share from continuing operations was JPY 36.49 compared to JPY 29.74 a year ago. Diluted earnings per share from continuing operations was JPY 36.48 compared to JPY 29.56 a year ago.
For the nine months, sales was JPY 1,053,324 million compared to JPY 952,485 million a year ago. Net income was JPY 34,400 million compared to JPY 43,027 million a year ago. Basic earnings per share from continuing operations was JPY 84.58 compared to JPY 104.83 a year ago. Diluted earnings per share from continuing operations was JPY 84.58 compared to JPY 104.18 a year ago.
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. 
