MinebeaMitsumi : Notice Regarding Revisions to Full-Year Consolidated Business Forecasts for Fiscal Year Ending March 31, 2022
February 04, 2022 at 01:26 am EST
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February 4, 2022
To whom it may concern:
Company Name: MINEBEA MITSUMI Inc.
Representative: Yoshihisa Kainuma
Representative Director,
CEO & COO
(Code No. 6479, TSE Div. No. 1)
Contact:Katsuhiko Yoshida
Director, Senior Managing
Executive Officer
Phone:+81-(0)3-6758-6711
Notice Regarding Revisions to Full-Year Consolidated Business Forecasts
for Fiscal Year Ending March 31, 2022
MINEBEA MITSUMI Inc. announced today that it has revised the full-year consolidated business forecasts announced on November 5, 2021 for the fiscal year ending March 31, 2022 (from April 1, 2021 to March 31, 2022) in light of recent business conditions.
1. Revisions to the Full-Year Consolidated Business Forecast for the Fiscal Year Ending March 31, 2022 (from April 1, 2021 to March 31, 2022)
Profit for the
Net sales
Operating
period
Net income
attributable to
income
per share
owners of the
parent
millions of yen
millions of yen
millions of yen
yen
Previous forecast (A)
1,050,000
90,000
72,000
177.69
(announced on November 5, 2021)
Revised forecast (B)
1,100,000
92,000
72,500
178.91
Difference (B-A)
50,000
2,000
500
－
Difference (%)
4.8
2.2
0.7
－
(Reference) Results for
the fiscal year ended
988,424
51,166
38,759
94.95
March 31, 2021
2. Reasons for Revisions
The future of the global economy remains uncertain in the fourth quarter and thereafter, including the impact of COVID-19 and exchange rate fluctuation. In addition to third quarter results exceeding the initial forecast, we expect demand for semiconductor devices, optical devices, ball bearings, and other products to remain strong in the fourth quarter. As such, we have revised the forecast as described above.
(Note) The business forecasts contained in this press release are made based on information available as of the date of the announcement. The actual results may differ from the forecasts due to a variety of factors in the days to come.
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Minebea Mitsumi Inc. published this content on 04 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 February 2022 06:25:08 UTC.
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. 
