MinebeaMitsumi Inc. Provides Earnings Guidance for the Six Months Ending September 30, 2021 and Year Ending March 31, 2022
May 07, 2021 at 12:00 am EDT
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MinebeaMitsumi Inc. provided earnings guidance for the six months ending September 30, 2021 and year ending March 31, 2022. For the six months, the company expects net sales to be JPY 487,000 million, operating income to be JPY 38,000 million, profit for the period attributable to owners of the parent to be JPY 30,500 million and basic earnings per share to be JPY 75.
For the year, the company expects net sales to be JPY 1,000,000 million, operating income to be JPY 80,000 million, profit for the period attributable to owners of the parent to be JPY 64,000 million and basic earnings per share to be JPY 157.38.
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. 
