MinebeaMitsumi : Notice Regarding Differences between Non-consolidated Earnings for Fiscal Year Ended March 31, 2021 and those for Previous Fiscal Year
May 07, 2021 at 05:23 am EDT
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May 7, 2021
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 Differences between Non-consolidated Earnings for Fiscal
Year Ended March 31, 2021 and those for Previous Fiscal Year
MINEBEA MITSUMI Inc. hereby announces the differences between its non-consolidated earnings for fiscal year ended March 31, 2021 (from April 1, 2020 to March 31, 2021) and those for previous fiscal year, as follows:
1. Differences between the Full-YearNon-Consolidated Earnings for Fiscal Year Ended March 31, 2021 (from April 1, 2020 to March 31, 2021) and those for Previous Fiscal Year
Net sales
Operating
Ordinary
Net income
Net income
income
income
per share
Results for Previous
millions of yen
millions of yen
millions of yen
millions of yen
yen
Fiscal Year (A)
571,385
10,317
18,927
14,666
35.45
Results for Fiscal Year
576,634
2,608
22,297
19,455
47.66
March 31, 2021 (B)
Difference (B-A)
5,249
(7,709)
3,369
4,788
-
Difference (%)
0.9
(74.7)
17.8
32.6
-
2. Reasons for the Differences
Regarding the non-consolidated earnings for the fiscal year ended March 31, 2021, although net sales were almost same as those for the previous fiscal year, operating income decreased mainly due to changes in composition of sales products. On the other hand, ordinary income and net income increased due to increases in dividends from subsidiaries in order to improve the financial liquidity.
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Minebea Mitsumi Inc. published this content on 07 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 May 2021 09:22:30 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 : Notice Regarding Differences between Non-consolidated Earnings for Fiscal Year Ended March 31, 2021 and those for Previous Fiscal Year