August 4, 2017
MINEBEA MITSUMI Inc.
Supplementary Financial Data
for the First Quarter of Fiscal Year ending March 31, 2018
1. Consolidated Results of Operations | ||||||||||
Fiscal year ended Mar. '17 | FY ending Mar. '18 | %Change | ||||||||
(Millions of yen) | 1Q | 2Q | 3Q | 4Q *3 | Full Year *3 | 1Q | Q/Q *1 | Y/Y *2 *3 | ||
Net sales | 120,288 | 154,844 | 167,375 | 196,418 | 638,926 | 193,204 | -1.6% | +60.6% | ||
Operating income | 6,971 | 11,623 | 16,120 | 14,300 | 49,015 | 17,062 | +19.3% | +144.7% | ||
Ordinary income | 7,255 | 11,659 | 15,857 | 13,621 | 48,393 | 17,372 | +27.5% | +139.4% | ||
Income attributable to owners of the parent | 3,176 | 9,568 | 12,167 | 16,233 | 41,146 | 14,181 | -12.6% | +346.5% | ||
Net income per share (yen) | 8.48 | 25.52 | 32.44 | 39.65 | 107.33 | 33.49 | -15.5% | +294.9% | ||
Diluted net income per share (yen) | 8.12 | 24.94 | 31.94 | 38.15 | 105.64 | 32.70 | -14.3% | +302.7% | ||
2. Consolidated Sales and Operating Income by Segments | ||||||||||
Fiscal year ended Mar. '17 | FY ending Mar. '18 | %Change | ||||||||
(Millions of yen) | 1Q | 2Q | 3Q | 4Q *3 | Full Year *3 | 1Q | Q/Q *1 | Y/Y *2 *3 | ||
Machined components | 39,207 | 37,259 | 38,523 | 41,319 | 156,310 | 40,626 | -1.7% | +3.6% | ||
Electronic devices and components | 80,911 | 117,442 | 128,653 | 114,607 | 441,615 | 104,362 | -8.9% | +29.0% | ||
MITSUMI business | - | - | - | 40,342 | 40,342 | 48,050 | +19.1% | - | ||
Other | 169 | 142 | 198 | 147 | 658 | 164 | +11.6% | -2.8% | ||
Adjustment | - | - | - | - | - | - | - | - | ||
Total sales | 120,288 | 154,844 | 167,375 | 196,418 | 638,926 | 193,204 | -1.6% | +60.6% | ||
Machined components | 10,401 | 9,123 | 9,509 | 10,112 | 39,147 | 10,398 | +2.8% | -0.0% | ||
Electronic devices and components | 432 | 6,420 | 9,439 | 5,605 | 21,898 | 6,847 | +22.2% | - | ||
MITSUMI business | - | - | - | 2,315 | 2,315 | 3,800 | +64.1% | - | ||
Other | -16 | -36 | -50 | -17 | -120 | -183 | - | - | ||
Adjustment | -3,846 | -3,884 | -2,778 | -3,715 | -14,223 | -3,801 | - | - | ||
Total operating income | 6,971 | 11,623 | 16,120 | 14,300 | 49,015 | 17,062 | +19.3% | +144.7% | ||
3. Forecast for the Fiscal Year ending March 31, 2018 | ||||||||||
Fiscal year ending Mar. '18 | Full Year ended Mar. '17 | %Change Y/Y Full Year | Forecast for the 1H ending Mar. '18 | Forecast for the 2H ending Mar. '18 *4 | ||||||
(Millions of yen) | Previous f'cast (A) | New f'cast (B) | New vs. previous (B/A) | |||||||
Net sales | 750,000 | 810,000 | +8.0% | 638,926 | +26.8% | 436,400 | 373,600 | |||
Operating income | 56,000 | 67,000 | +19.6% | 49,015 | +36.7% | 37,300 | 29,700 | |||
Ordinary income | 55,000 | 66,000 | +20.0% | 48,393 | +36.4% | 36,800 | 29,200 | |||
Net income attributable to owners of the parent | 41,500 | 50,800 | +22.4% | 41,146 | +23.5% | 28,700 | 22,100 | |||
Net income per share (yen) | 98.03 | 119.97 | +22.4% | 107.33 | +11.8% | 67.78 | 52.20 | |||
4. Forecast for the Consolidated Sales and Operating Income by Segments | ||||||||||
Fiscal year ending Mar. '18 | Full Year ended Mar. '17 | %Change Y/Y Full Year | Forecast for the 1H ending Mar. '18 | Forecast for the 2H ending Mar. '18 *4 | ||||||
(Millions of yen) | Previous f'cast (A) | New f'cast (B) | New vs. previous (B/A) | |||||||
Machined components | 161,000 | 162,700 | +1.1% | 156,310 | +4.1% | 81,900 | 80,800 | |||
Electronic devices and components | 397,000 | 440,000 | +10.8% | 441,615 | -0.4% | 245,500 | 194,500 | |||
MITSUMI business | 191,200 | 206,600 | +8.1% | 40,342 | +412.1% | 108,700 | 97,900 | |||
Other | 800 | 700 | -12.5% | 658 | +6.4% | 300 | 400 | |||
Adjustment | - | - | - | - | - | - | - | |||
Total sales | 750,000 | 810,000 | +8.0% | 638,926 | +26.8% | 436,400 | 373,600 | |||
Machined components | 41,000 | 41,900 | +2.2% | 39,147 | +7.0% | 21,000 | 20,900 | |||
Electronic devices and components | 22,000 | 27,300 | +24.1% | 21,898 | +24.7% | 15,900 | 11,400 | |||
MITSUMI business | 10,000 | 14,600 | +46.0% | 2,315 | +530.7% | 9,000 | 5,600 | |||
Other | -400 | -500 | - | -120 | - | -300 | -200 | |||
Adjustment | -16,600 | -16,300 | - | -14,223 | - | -8,300 | -8,000 | |||
Total operating income | 56,000 | 67,000 | +19.6% | 49,015 | +36.7% | 37,300 | 29,700 | |||
5. Capital Expenditure, Depreciation and Amortization, Research and Development Expenses | |||||||||
Fiscal year ended Mar. '17 | FY ending Mar. '18 | Forecast for the FY ending Mar. '18 *5 | |||||||
(Millions of yen) | 1Q | 2Q | 3Q | 4Q *3 | Full Year *3 | 1Q | |||
Capital expenditure | 5,506 | 6,737 | 10,064 | 9,538 | 31,847 | 10,651 | 44,000 | ||
Depreciation and amortization | 7,374 | 6,869 | 6,628 | 7,292 | 28,164 | 7,218 | 33,000 | ||
Research and development expenses | 2,675 | 2,618 | 2,547 | 4,505 | 12,347 | 5,498 | 22,000 | ||
6. Exchange Rates | |||||||||
Fiscal year ended Mar. '17 | FY ending Mar. '18 | Assumption for the 2Q ending Mar. '18 *6 | Assumption for the 2H ending Mar. '18 *6 | ||||||
(Yen) | 1Q | 2Q | 3Q | 4Q | Full Year | 1Q | |||
US$ | PL | 111.12 | 103.50 | 106.13 | 114.29 | 108.76 | 111.48 | 105.00 | 105.00 |
BS | 102.91 | 101.12 | 116.49 | 112.19 | 112.19 | 112.00 | 105.00 | 105.00 | |
EURO | PL | 125.16 | 115.00 | 116.04 | 121.14 | 119.34 | 121.53 | 115.00 | 115.00 |
BS | 114.39 | 113.36 | 122.70 | 119.79 | 119.79 | 127.97 | 115.00 | 115.00 | |
THAI BAHT | PL | 3.14 | 2.97 | 3.02 | 3.24 | 3.09 | 3.24 | 3.06 | 3.06 |
BS | 2.93 | 2.91 | 3.24 | 3.26 | 3.26 | 3.29 | 3.06 | 3.06 | |
RMB | PL | 17.03 | 15.52 | 15.62 | 16.54 | 16.18 | 16.18 | 16.00 | 16.00 |
BS | 15.47 | 15.16 | 16.74 | 16.26 | 16.26 | 16.48 | 16.00 | 16.00 | |
*1 1Q % change Q/Q: 1Q in comparison with 4Q of the previous fiscal year. |
*2 1Q % change Y/Y: 1Q in comparison with 1Q of the previous fiscal year. |
*3 We have started to consolidate MITSUMI ELECTRIC CO., LTD. from January 27, 2017. |
*4 Forecast for the second half was announced on May 9, 2017. |
*5 Forecast for the fiscal year was announced on May 9, 2017. |
*6 Forecast and assumption for the 2Q and the second half were announced on May 9, 2017. |