May 9, 2017
MinebeaMitsumi Inc.
MinebeaMitsumi Inc.
Supplementary Financial Data for the Fiscal Year ended March 31, 2017
1. Consolidated Results of Operations
Fiscal year ended Mar. ’16 | Fiscal year ended Mar. ’17 | %Change Y/Y | ||||||||
(Millions of yen) | 1st Half | 2nd Half | Full Year | 1st Half | 2nd Half *5 | Full Year *5 | 2nd Half *1 *5 | Full Year *2 *5 | ||
Net sales | 295,554 | 314,260 | 609,814 | 275,133 | 363,793 | 638,926 | +15.8% | +4.8% | ||
Operating income | 27,417 | 24,021 | 51,438 | 18,594 | 30,421 | 49,015 | +26.6% | -4.7% | ||
Ordinary income | 23,326 | 23,335 | 46,661 | 18,915 | 29,478 | 48,393 | +26.3% | +3.7% | ||
Income attributable to owners of the parent | 17,758 | 18,628 | 36,386 | 12,745 | 28,401 | 41,146 | +52.5% | +13.1% | ||
Net income per share (yen) | 47.49 | 49.77 | 97.26 | 34.01 | 73.32 | 107.33 | +47.3% | +10.4% | ||
Diluted net income per share (yen) | 45.09 | 47.26 | 92.35 | 33.26 | 72.38 | 105.64 | +53.2% | +14.4% |
Fiscal year ended Mar. ’16 | Fiscal year ended Mar. ’17 | 4Q %Change | |||||||||
(Millions of yen) | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q *5 | Q/Q *3 *5 | Y/Y *4 *5 | |
Net sales | 127,391 | 168,162 | 178,661 | 135,599 | 120,288 | 154,844 | 167,375 | 196,418 | +17.4% | +44.9% | |
Operating income | 12,512 | 14,905 | 15,484 | 8,536 | 6,971 | 11,623 | 16,120 | 14,300 | -11.3% | +67.5% | |
Ordinary income | 12,872 | 10,453 | 15,120 | 8,215 | 7,255 | 11,659 | 15,857 | 13,621 | -14.1% | +65.8% | |
Income attributable to owners of the parent | 10,058 | 7,700 | 11,825 | 6,802 | 3,176 | 9,568 | 12,167 | 16,233 | +33.4% | +138.7% | |
Net income per share (yen) | 26.90 | 20.59 | 31.61 | 18.17 | 8.48 | 25.52 | 32.44 | 39.65 | +22.2% | +118.2% | |
Diluted net income per share (yen) | 25.54 | 19.55 | 30.01 | 17.26 | 8.12 | 24.94 | 31.94 | 38.15 | +19.4% | +121.0% |
2. Consolidated Sales and Operating Income by Segments
Fiscal year ended Mar. ’16 | Fiscal year ended Mar. ’17 | %Change Y/Y | |||||||||
(Millions of yen) | 1st Half | 2nd Half | Full Year | 1st Half | 2nd Half *5 | Full Year *5 | 2nd Half *1 *5 | Full Year *2 *5 | |||
Machined components | 83,247 | 80,564 | 163,811 | 76,467 | 79,843 | 156,310 | -0.9% | -4.6% | |||
Electronic devices and components | 212,064 | 233,403 | 445,467 | 198,354 | 243,261 | 441,615 | +4.2% | -0.9% | |||
MITSUMI business | - | - | - | - | 40,342 | 40,342 | - | - | |||
Other | 242 | 294 | 536 | 311 | 347 | 658 | +18.0% | +22.8% | |||
Adjustment | - | - | - | - | - | - | - | - | |||
Total sales | 295,554 | 314,260 | 609,814 | 275,133 | 363,793 | 638,926 | +15.8% | +4.8% | |||
Machined components | 20,175 | 20,679 | 40,854 | 19,525 | 19,622 | 39,147 | -5.1% | -4.2% | |||
Electronic devices and components | 12,349 | 9,987 | 22,336 | 6,852 | 15,046 | 21,898 | +50.7% | -2.0% | |||
MITSUMI business | - | - | - | - | 2,315 | 2,315 | - | - | |||
Other | 24 | -148 | -124 | -53 | -67 | -120 | - | - | |||
Adjustment | -5,130 | -6,497 | -11,627 | -7,730 | -6,493 | -14,223 | - | - | |||
Total operating income | 27,417 | 24,021 | 51,438 | 18,594 | 30,421 | 49,015 | +26.6% | -4.7% |
Fiscal year ended Mar. ’16 | Fiscal year ended Mar. ’17 | 4Q %Change | ||||||||||
(Millions of yen) | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q *5 | Q/Q *3 *5 | Y/Y *4 *5 | ||
Machined components | 40,974 | 42,272 | 40,766 | 39,797 | 39,207 | 37,259 | 38,523 | 41,319 | +7.3% | +3.8% | ||
Electronic devices and components | 86,311 | 125,753 | 137,750 | 95,653 | 80,911 | 117,442 | 128,653 | 114,607 | -10.9% | +19.8% | ||
MITSUMI business | - | - | - | - | - | - | - | 40,342 | - | - | ||
Other | 105 | 137 | 144 | 148 | 169 | 142 | 198 | 147 | -25.8% | -0.7% | ||
Adjustment | - | - | - | - | - | - | - | - | - | - | ||
Total sales | 127,391 | 168,162 | 178,661 | 135,599 | 120,288 | 154,844 | 167,375 | 196,418 | +17.4% | +44.9% | ||
Machined components | 9,956 | 10,218 | 10,605 | 10,073 | 10,401 | 9,123 | 9,509 | 10,112 | +6.3% | +0.4% | ||
Electronic devices and components | 5,608 | 6,740 | 7,618 | 2,368 | 432 | 6,420 | 9,439 | 5,605 | -40.6% | +136.7% | ||
MITSUMI business | - | - | - | - | - | - | - | 2,315 | - | - | ||
Other | -41 | 65 | -59 | -89 | -16 | -36 | -50 | -17 | - | - | ||
Adjustment | -3,010 | -2,120 | -2,680 | -3,816 | -3,846 | -3,884 | -2,778 | -3,715 | - | - | ||
Total operating income | 12,512 | 14,905 | 15,484 | 8,536 | 6,971 | 11,623 | 16,120 | 14,300 | -11.3% | +67.5% |
3. Forecast for the Fiscal Year ending March 31, 2018
Fiscal year ending Mar. ’18 | Full Year %Change | ||||
(Millions of yen) | 1st Half | 2nd Half | Full Year | Y/Y | |
Net sales | 376,400 | 373,600 | 750,000 | +17.4% | |
Operating income | 26,300 | 29,700 | 56,000 | +14.2% | |
Ordinary income | 25,800 | 29,200 | 55,000 | +13.7% | |
Income attributable to owners of the parent | 19,400 | 22,100 | 41,500 | +0.9% | |
Net income per share (yen) | 45.83 | 52.20 | 98.03 | -8.7% |
4. Forecast for the Consolidated Sales and Operating Income by Segments
Fiscal year ending Mar. ’18 | Full Year %Change | |||||
(Millions of yen) | 1st Half | 2nd Half | Full Year | Y/Y | ||
Machined components | 80,200 | 80,800 | 161,000 | +3.0% | ||
Electronic devices and components | 202,500 | 194,500 | 397,000 | -10.1% | ||
MITSUMI business | 93,300 | 97,900 | 191,200 | - | ||
Other | 400 | 400 | 800 | +21.6% | ||
Adjustment | - | - | - | - | ||
Total sales | 376,400 | 373,600 | 750,000 | +17.4% | ||
Machined components | 20,100 | 20,900 | 41,000 | +4.7% | ||
Electronic devices and components | 10,600 | 11,400 | 22,000 | +0.5% | ||
MITSUMI business | 4,400 | 5,600 | 10,000 | - | ||
Other | -200 | -200 | -400 | - | ||
Adjustment | -8,600 | -8,000 | -16,600 | - | ||
Total operating income | 26,300 | 29,700 | 56,000 | +14.2% |
5. Capital Expenditure, Depreciation and Amortization, Research and Development Expenses
FY ended | Fiscal year ended Mar. ’17 | Forecast for the FY ending | ||||||
(Millions of yen) | Mar. ’16 | 1Q | 2Q | 3Q | 4Q*5 | Full Year *5 | Mar. ’18 | |
Capital expenditure | 43,878 | 5,506 | 6,737 | 10,064 | 9,538 | 31,847 | 44,000 | |
Depreciation and amortization | 34,787 | 7,374 | 6,869 | 6,628 | 7,292 | 28,164 | 33,000 | |
Research and development expenses | 9,680 | 2,675 | 2,618 | 2,547 | 4,505 | 12,347 | 22,000 |
6. Exchange Rates
FY ended | Fiscal year ended Mar. ’17 | Assumption for the FY ending Mar. | |||||||
(Yen) | Mar. ’16 | 1Q | 2Q | 3Q | 4Q | Full Year | ’18 | ||
US$ | PL | 120.78 | 111.12 | 103.50 | 106.13 | 114.29 | 108.76 | 105.00 | |
BS | 112.68 | 102.91 | 101.12 | 116.49 | 112.19 | 112.19 | 105.00 | ||
EURO | PL | 132.75 | 125.16 | 115.00 | 116.04 | 121.14 | 119.34 | 115.00 | |
BS | 127.70 | 114.39 | 113.36 | 122.70 | 119.79 | 119.79 | 115.00 | ||
THAI BAHT | PL | 3.46 | 3.14 | 2.97 | 3.02 | 3.24 | 3.09 | 3.06 | |
BS | 3.19 | 2.93 | 2.91 | 3.24 | 3.26 | 3.26 | 3.06 | ||
RMB | PL | 19.03 | 17.03 | 15.52 | 15.62 | 16.54 | 16.18 | 16.00 | |
BS | 17.40 | 15.47 | 15.16 | 16.74 | 16.26 | 16.26 | 16.00 |
*1 2nd Half % change Y/Y : 2nd half in comparison with the 2nd half of the previous fiscal year
*2 Full Year % change Y/Y : Full year in comparison with the previous full year
*3 4Q % change Q/Q : 4Q in comparison with 3Q
*4 4Q % change Y/Y : 4Q in comparison with 4Q of the previous fiscal year
*5 We have started to consollidate MITSUMI ELECTRIC CO., LTD. from January 27, 2017.