November 8, 2017
MINEBEA MITSUMI Inc.
Supplementary Financial Data
for the Second Quarter of Fiscal Year Ending March 31, 2018
1. Consolidated Results of Operations
Fiscal year ended Mar. '17 | FY ending Mar. '18 | %Change Y/Y | |||||||||||||||||||
(Millions of yen) | 1st Half | 2nd Half *4 | Full Year *4 | 1st Half | 1st Half *1 | ||||||||||||||||
Net sales | 275,133 | 363,793 | 638,926 | 429,027 | +55.9 | % | |||||||||||||||
Operating income | 18,594 | 30,421 | 49,015 | 41,951 | +125.6 | % | |||||||||||||||
Ordinary income | 18,915 | 29,478 | 48,393 | 42,162 | +122.9 | % | |||||||||||||||
Income attributable to owners of the parent | 12,745 | 28,401 | 41,146 | 34,276 | +168.9 | % | |||||||||||||||
Net income per share (yen) | 34.01 | 73.32 | 107.33 | 81.17 | +138.7 | % | |||||||||||||||
Diluted net income per share (yen) | 33.26 | 72.38 | 105.64 | 79.27 | +138.3 | % |
Fiscal year ended Mar. '17 | FY ending Mar. '18 | 2Q %Change | ||||||||||||||||||||||||||||||
(Millions of yen) | 1Q | 2Q | 3Q | 4Q *4 | 1Q | 2Q | Q/Q *2 | Y/Y *3 | ||||||||||||||||||||||||
Net sales | 120,288 | 154,844 | 167,375 | 196,418 | 193,204 | 235,823 | +22.1 | % | +52.3 | % | ||||||||||||||||||||||
Operating income | 6,971 | 11,623 | 16,120 | 14,300 | 17,062 | 24,889 | +45.9 | % | +114.1 | % | ||||||||||||||||||||||
Ordinary income | 7,255 | 11,659 | 15,857 | 13,621 | 17,372 | 24,789 | +42.7 | % | +112.6 | % | ||||||||||||||||||||||
Income attributable to owners of the parent | 3,176 | 9,568 | 12,167 | 16,233 | 14,181 | 20,095 | +41.7 | % | +110.0 | % | ||||||||||||||||||||||
Net income per share (yen) | 8.48 | 25.52 | 32.44 | 39.65 | 33.49 | 47.72 | +42.5 | % | +87.0 | % | ||||||||||||||||||||||
Diluted net income per share (yen) | 8.12 | 24.94 | 31.94 | 38.15 | 32.70 | 47.68 | +45.8 | % | +91.2 | % |
2. Consolidated Sales and Operating Income by Segments
Fiscal year ended Mar. '17 | FY ending Mar. '18 | %Change Y/Y | ||||||
(Millions of yen) | 1st Half | 2nd Half *4 | Full Year *4 | 1st Half | 1st Half *1 | |||
Machined components | 76,467 | 79,843 | 156,310 | 82,374 | +7.7% | |||
Electronic devices and components | 198,354 | 243,261 | 441,615 | 237,453 | +19.7% | |||
MITSUMI business | - | 40,342 | 40,342 | 108,834 | - | |||
Other | 311 | 347 | 658 | 365 | +17.3% | |||
Adjustment | - | - | - | - | - | |||
Total sales | 275,133 | 363,793 | 638,926 | 429,027 | +55.9% | |||
Machined components | 19,525 | 19,622 | 39,147 | 21,223 | +8.7% | |||
Electronic devices and components | 6,852 | 15,046 | 21,898 | 18,260 | +166.5% | |||
MITSUMI business | - | 2,315 | 2,315 | 10,351 | - | |||
Other | -53 | -67 | -120 | -185 | - | |||
Adjustment | -7,730 | -6,493 | -14,223 | -7,699 | - | |||
Total operating income | 18,594 | 30,421 | 49,015 | 41,951 | +125.6% |
Fiscal year ended Mar. '17 | FY ending Mar. '18 | 2Q %Change | ||||||||||
(Millions of yen) | 1Q | 2Q | 3Q | 4Q *4 | 1Q | 2Q | Q/Q *2 | Y/Y *3 | ||||
Machined components | 39,207 | 37,259 | 38,523 | 41,319 | 40,626 | 41,747 | +2.8% | +12.0% | ||||
Electronic devices and components | 80,911 | 117,442 | 128,653 | 114,607 | 104,362 | 133,090 | +27.5% | +13.3% | ||||
MITSUMI business | - | - | - | 40,342 | 48,050 | 60,784 | +26.5% | - | ||||
Other | 169 | 142 | 198 | 147 | 164 | 201 | +22.6% | +41.5% | ||||
Adjustment | - | - | - | - | - | - | - | - | ||||
Total sales | 120,288 | 154,844 | 167,375 | 196,418 | 193,204 | 235,823 | +22.1% | +52.3% | ||||
Machined components | 10,401 | 9,123 | 9,509 | 10,112 | 10,398 | 10,824 | +4.1% | +18.6% | ||||
Electronic devices and components | 432 | 6,420 | 9,439 | 5,605 | 6,847 | 11,412 | +66.7% | +77.8% | ||||
MITSUMI business | - | - | - | 2,315 | 3,800 | 6,551 | +72.4% | - | ||||
Other | -16 | -36 | -50 | -17 | -183 | -1 | - | - | ||||
Adjustment | -3,846 | -3,884 | -2,778 | -3,715 | -3,801 | -3,898 | - | - | ||||
Total operating income | 6,971 | 11,623 | 16,120 | 14,300 | 17,062 | 24,889 | +45.9% | +114.1% |
3. Forecast for the Full Year and Second Half for the Fiscal Year Ending March 31, 2018
Fiscal year ending Mar. '18 | Full Year | %Change | Forecast for | |||||
(Millions of yen) | Previous f'cast (A) | New f'cast (B) | New vs. Previous (B/A) | ended Mar. '17 | Y/Y Full Year | the 2H ending Mar. '18 | ||
Net sales | 810,000 | 810,000 | - | 638,926 | +26.8% | 380,973 | ||
Operating income | 67,000 | 73,000 | +9.0% | 49,015 | +48.9% | 31,049 | ||
Ordinary income | 66,000 | 72,000 | +9.1% | 48,393 | +48.8% | 29,838 | ||
Income attributable to owners of the parent | 50,800 | 57,000 | +12.2% | 41,146 | +38.5% | 22,724 | ||
Net income per share (yen) | 119.97 | 135.51 | - | 107.33 | +26.3% | 54.34 |
4. Forecast for the Consolidated Sales and Operating Income by Segments
Fiscal year ending Mar. '18 | Full Year | %Change | Forecast for the 2H | ||||||
(Millions of yen) | Previous f'cast (A) | New f'cast (B) | New vs. previous (B/A) | ended Mar. '17 | Y/Y Full Year | ending Mar. '18 | |||
Machined components | 162,700 | 163,000 | +0.2% | 156,310 | +4.3% | 80,626 | |||
Electronic devices and components | 440,000 | 418,000 | -5.0% | 441,615 | -5.3% | 180,547 | |||
MITSUMI business | 206,600 | 228,400 | +10.6% | 40,342 | +466.2% | 119,566 | |||
Other | 700 | 600 | -14.3% | 658 | -8.8% | 235 | |||
Adjustment | - | - | - | - | - | - | |||
Total sales | 810,000 | 810,000 | - | 638,926 | +26.8% | 380,973 | |||
Machined components | 41,900 | 42,500 | +1.4% | 39,147 | +8.6% | 21,277 | |||
Electronic devices and components | 27,300 | 27,500 | +0.7% | 21,898 | +25.6% | 9,240 | |||
MITSUMI business | 14,600 | 20,000 | +37.0% | 2,315 | +763.9% | 9,649 | |||
Other | -500 | -400 | - | -120 | - | -215 | |||
Adjustment | -16,300 | -16,600 | - | -14,223 | - | -8,901 | |||
Total operating income | 67,000 | 73,000 | +9.0% | 49,015 | +48.9% | 31,049 |
5. Capital Expenditure, Depreciation and Amortization, Research and Development Expenses
Fiscal year ended Mar. '17 | Fiscal year ending Mar. '18 | |||||||
(Millions of yen) | 1st Half | 2nd Half *4 | Full Year *4 | 1Q | 2Q | 1st Half | Forecast of 2nd Half *5 | Forecast of Full Year *5 |
Capital expenditure | 12,243 | 19,604 | 31,847 | 10,651 | 11,688 | 22,339 | 25,661 | 48,000 |
Depreciation and amortization | 14,243 | 13,921 | 28,164 | 7,218 | 7,652 | 14,871 | 18,129 | 33,000 |
Research and development expenses | 5,294 | 7,053 | 12,347 | 5,498 | 5,634 | 11,133 | 10,867 | 22,000 |
6. Exchange Rates
Fiscal year ended Mar. '17 | Fiscal year ending Mar. '18 | ||||||||
(Yen) | 1st Half | 2nd Half | Full Year | 1Q | 2Q | 1st Half | Assumption of 2nd Half *6 | Assumption of Full Year | |
US$ | PL | 107.31 | 110.21 | 108.76 | 111.48 | 110.92 | 111.20 | 105.00 | 108.10 |
BS | 101.12 | 112.19 | 112.19 | 112.00 | 112.73 | 112.73 | 105.00 | 105.00 | |
EURO | PL | 120.08 | 118.59 | 119.34 | 121.53 | 129.65 | 125.59 | 115.00 | 120.30 |
BS | 113.36 | 119.79 | 119.79 | 127.97 | 132.85 | 132.85 | 115.00 | 115.00 | |
THAI BAHT | PL | 3.06 | 3.13 | 3.09 | 3.24 | 3.31 | 3.28 | 3.06 | 3.17 |
BS | 2.91 | 3.26 | 3.26 | 3.29 | 3.38 | 3.38 | 3.06 | 3.06 | |
RMB | PL | 16.28 | 16.08 | 16.18 | 16.18 | 16.53 | 16.36 | 16.00 | 16.18 |
BS | 15.16 | 16.26 | 16.26 | 16.48 | 16.90 | 16.90 | 16.00 | 16.00 |
*1 First Half % change Y/Y : First half in comparison with the first half of the previous fiscal year
*2 2Q % change Q/Q : 2Q in comparison with 1Q
*3 2Q % change Y/Y : 2Q in comparison with 2Q of the previous fiscal year
*4 We have started to consolidate MITSUMI ELECTRIC CO., LTD. from January 27, 2017.
*5 Forecasts for second half and full year were revised on November 8, 2017.
*6 Assumption for the second half is unchanged from the announcement on May 9, 2017.