Minebea MitsumiMINEBEA MITSUMI Inc.6479東証プライム電気機器FY ending Mar 2026, consolidated, IFRS

Minebea Mitsumi revenue and profit

Out of every ¥100 of sales, about ¥6 is left as operating profit. Revenue changed +9.3% from the prior year, operating profit +10.1%.

Five-year trend

Revenue¥1.66T
FY ending Mar 2022: ¥1.12T¥1.12TFY ending Mar 2023: ¥1.29T¥1.29TFY ending Mar 2024: ¥1.4T¥1.4TFY ending Mar 2025: ¥1.52T¥1.52TFY ending Mar 2026: ¥1.66T¥1.66TFY22FY23FY24FY25FY26
Operating income¥104B
FY ending Mar 2022: ¥92.1B¥92.1BFY ending Mar 2023: ¥97.5B¥97.5BFY ending Mar 2024: ¥73.5B¥73.5BFY ending Mar 2025: ¥94.5B¥94.5BFY ending Mar 2026: ¥104B¥104BFY22FY23FY24FY25FY26
Operating margin6.2%
FY ending Mar 2022: 8.2%8.2%FY ending Mar 2023: 7.5%7.5%FY ending Mar 2024: 5.2%5.2%FY ending Mar 2025: 6.2%6.2%FY ending Mar 2026: 6.2%6.2%FY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin6.0%
Asset turnover0.98×
ROA5.8%
ROA5.8%
Financial leverage2.07×
ROE12.1%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin6.0%
2022: 6.1%6.1%2023: 5.7%5.7%2024: 3.9%3.9%2025: 3.9%3.9%2026: 6.0%6.0%2223242526
Asset turnover0.98×
2022: 1.02×1.02×2023: 1.08×1.08×2024: 1.03×1.03×2025: 1.01×1.01×2026: 0.98×0.98×2223242526
ROA5.8%
2022: 6.2%6.2%2023: 6.1%6.1%2024: 4.0%4.0%2025: 4.0%4.0%2026: 5.8%5.8%2223242526
Financial leverage2.07×
2022: 2.05×2.05×2023: 2.06×2.06×2024: 2.04×2.04×2025: 2.07×2.07×2026: 2.07×2.07×2223242526
ROE12.1%
2022: 12.8%12.8%2023: 12.5%12.5%2024: 8.1%8.1%2025: 8.2%8.2%2026: 12.1%12.1%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20226.1%1.02×6.2%2.05×12.8%
20235.7%1.08×6.1%2.06×12.5%
20243.9%1.03×4.0%2.04×8.1%
20253.9%1.01×4.0%2.07×8.2%
20266.0%0.98×5.8%2.07×12.1%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue35.2%
2021: 29.7%29.7%2022: 29.9%29.9%2023: 34.9%34.9%2024: 35.5%35.5%2025: 34.7%34.7%2026: 35.2%35.2%212223242526
PPE ÷ total assets32.3%
2021: 30.0%30.0%2022: 30.5%30.5%2023: 34.7%34.7%2024: 35.2%35.2%2025: 33.4%33.4%2026: 32.3%32.3%212223242526
Goodwill ÷ parent equity6.8%
2021: 9.2%9.2%2022: 8.0%8.0%2023: 7.4%7.4%2024: 6.8%6.8%2025: 8.1%8.1%2026: 6.8%6.8%212223242526
Goodwill balance¥61.2B
2021: ¥41.4B¥41.4B2022: ¥42.9B¥42.9B2023: ¥46.3B¥46.3B2024: ¥47.7B¥47.7B2025: ¥60.5B¥60.5B2026: ¥61.2B¥61.2B212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥49.8B
2021: ¥32.2B¥32.2B2022: ¥37.1B¥37.1B2023: ¥38.8B¥38.8B2024: ¥42.7B¥42.7B2025: ¥45.5B¥45.5B2026: ¥49.8B¥49.8B212223242526
R&D / revenue3.0%
2021: 3.3%3.3%2022: 3.3%3.3%2023: 3.0%3.0%2024: 3.0%3.0%2025: 3.0%3.0%2026: 3.0%3.0%212223242526

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue1,124,1401,292,2031,402,1271,522,7031,664,387
Cost of revenue908,5561,071,6681,170,7741,252,3011,371,377
Gross profit215,584220,535231,353270,402293,010
SG&A125,276144,347162,377178,839190,281
Operating income92,13697,53073,53694,482103,979
Pretax income90,78892,12875,54582,609133,779
Income tax21,86218,80720,29922,77534,545
Net income attributable to owners68,93573,15254,03559,45799,034
Operating margin8.2%7.5%5.2%6.2%6.2%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 13%
Property, plant and equipment 32%
3%
Other assets 52%

Funding

Other liabilities 50%
Equity 50%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥163.6B¥144.7B¥146.7B¥214.3B¥227.5B
Total assets¥1.1T¥1.3T¥1.42T¥1.58T¥1.81T
Net assets¥541.4B¥639.1B¥715.7B¥754.6B¥911B
Share capital¥68.3B¥68.3B¥68.3B¥68.3B¥68.3B
Property, plant and equipment¥336.4B¥451.4B¥497.9B¥529B¥585.3B
Goodwill¥42.9B¥46.3B¥47.7B¥60.5B¥61.2B
Current assets¥666.1B¥732.4B¥792.3B¥904.1B¥1.03T
Total liabilities¥562.8B¥660.7B¥700.4B¥830.2B¥903.8B
Equity attributable to owners of parent¥538.6B¥629.1B¥704.1B¥743.5B¥899B
Retained earnings¥320.8B¥378.8B¥415.3B¥457.1B¥536.9B
Treasury stock-¥44B-¥42.2B-¥51.9B-¥59.9B-¥59.9B

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第80期(2025/04/01-2026/03/31)

    ID S100YISS2026-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第79期(2024/04/01-2025/03/31)

    ID S100W5ZE2025-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第78期(2023/04/01-2024/03/31)

    ID S100TUYU2024-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第77期(2022/04/01-2023/03/31)

    ID S100R8J32023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第76期(令和3年4月1日-令和4年3月31日)

    ID S100OJPE2022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第75期(令和2年4月1日-令和3年3月31日)

    ID S100LT8J2021-06-29Open

Extracted from XBRL: 45 / Derived from other figures: 1

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