MINEBEA MITSUMI Inc. Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 02, 2023 at 02:00 am EDT
Share
MINEBEA MITSUMI Inc. reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was JPY 379,747 million compared to JPY 330,021 million a year ago. Net income was JPY 15,958 million compared to JPY 20,022 million a year ago. Basic earnings per share from continuing operations was JPY 39.17 compared to JPY 48.53 a year ago. Diluted earnings per share from continuing operations was JPY 39.17 compared to JPY 48.08 a year ago.
For the six months, sales was JPY 672,117 million compared to JPY 581,061 million a year ago. Net income was JPY 19,600 million compared to JPY 30,756 million a year ago. Basic earnings per share from continuing operations was JPY 48.06 compared to JPY 75.13 a year ago. Diluted earnings per share from continuing operations was JPY 48.05 compared to JPY 74.43 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. 
