MinebeaMitsumi Inc. Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2022 and Full Year Ending March 31, 2023
May 11, 2022 at 02:00 am EDT
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MinebeaMitsumi Inc. provided consolidated earnings guidance for the six months ending September 30, 2022 and full year ending March 31, 2023. For the six months ending September 30, 2022, the company expects net sales of JPY 568,000 million, operating income of JPY 41,000 million and profit for the period attributable to owners of the parent of JPY 30,000 million or JPY 73.86 per basic share.
For the full year ending March 31, 2023, the company expects net sales of JPY 1,200,000 million, operating income of JPY 102,000 million and profit for the period attributable to owners of the parent of JPY 76,000 million or JPY 187.12 per basic share.
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. 
