MinebeaMitsumi (6479) AI Stock Analysis

• Market Cap: ¥1.36T
• Dividend Yield: 1.58%
• Average Volume (3M): 1.46M
• Price to Earnings (P/E): 20.7
• Beta (1Y): 1.31
• Revenue Growth: 0.96%
• EPS Growth: 3.22%
• Country: JP
• Employees: 83,886
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 51.79
• Shares Outstanding: 427,080,600
• 10 Day Avg. Volume: 1,641,330
• 30 Day Avg. Volume: 1,462,666
• PEG Ratio: 1.35
• Price to Book (P/B): 1.18
• Price to Sales (P/S): 0.58
• P/FCF Ratio: 17.11
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥3,703.18
• Price Target Upside: 10.08% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): 174.97
• Revenue Forecast (FY): ¥1.58T

• Rating: 64 Neutral
• Price Target: ¥3,484.00 ▲(3.57% Upside)
• Action: Reiterated Date: 02/07/26
• Date: Action: Reiterated 02/07/26

The score is primarily held back by weak TTM cash flow conversion (near-zero free cash flow) despite steady revenue growth and a stable balance sheet. Technicals are a positive offset with an uptrend across moving averages and supportive momentum. Valuation is reasonable but not especially compelling given the modest dividend yield.

Positive Factors

Diversified product portfolio & OEM exposure

MinebeaMitsumi's broad product set (miniature bearings, small precision motors, electronic modules) and direct OEM/tier-supplier relationships create durable demand across consumer, industrial and automotive end markets. This diversity reduces single-market cyclicality and supports recurring design‑in revenue streams over multi-year platforms.

Manageable leverage and stable balance sheet

A debt-to-equity around 0.6 and equity growth alongside assets indicate a conservative capital structure that preserves financial flexibility. That balance provides capacity for ongoing capex, program investments and potential opportunistic M&A while limiting solvency risk if end-market demand softens.

Consistent top-line growth with positive margins

Multi-year revenue growth and maintained gross/EBIT margins show the company can scale manufacturing and preserve operating profitability. Stable margins support continued reinvestment in production and product development, enabling sustained competitiveness in precision components over the medium term.

Negative Factors

Weak free cash flow and cash conversion

TTM free cash flow near zero signals poor earnings-to-cash conversion and heavy investment or working capital strain. This reduces the firm's ability to self-fund capex, repay debt, or return cash to shareholders, raising execution risk and dependence on external financing during multi-quarter headwinds.

Modest returns on equity

An ROE around 8.2%, below prior peak levels, suggests lower capital efficiency versus earlier years. Sustained mid-single-digit returns constrain the company's ability to generate high incremental shareholder value, limiting retained earnings growth and reducing strategic optionality over time.

Margins have cooled versus prior years

Cooling margins and a modest net margin compress the buffer for cost inflation or pricing pressures. Over 2–6 months this structural margin pressure can limit investment in higher-value modules, weaken bargaining power with customers, and reduce free cash flow resilience during industry cycles.

MinebeaMitsumi Business Overview & Revenue Model

Company Description

MinebeaMitsumi Inc. manufactures and supplies machined components, and electronic devices and components in Japan, Europe, the United States, Asia, and internationally. It operates through four segments: Machined Components, Electronic Devices and Components, MITSUMI Business, and U-Shin business segment. The company offers bearing products, including miniature and small-sized ball bearings, rod end and spherical bearings, roller bearings, bushings, precision machined parts for aircraft, and medium- and large-sized ball bearings for aerospace use. It also provides bearing-related products, such as pivot assemblies and precision mechanical assemblies; and fasteners, defense related special components, and electromagnetic clutches and brakes. In addition, the company offers rotary components comprising fan motors, blowers, hybrid type stepping motors, PM stepping motors, small diameter/high speed PM stepping motors, brush DC motors, small brushless motors, power brushless motors, polygon mirror scanner motors, HDD spindle motors, high-pressure blowers, rotation angle sensors, fan units, and FDB motors. Further, it provides lighting devices for LCDs; resonant devices; and measuring components comprising strain gauges, force sensors, load cells, pressure gauges, torque transducers, vector sensors, digital indicators, and tensile and compression testing machines; sensors and sensor related products; coils, switches, and connectors; frequency and optical devices, power supply components, industrial machinery components, home security products, automotive components, and semiconductors. It offers its products for use in PCs and peripheral equipment, information and telecommunications equipment, household electrical appliances, automobiles, and aircraft parts. The company was formerly known as Minebea Co., Ltd. and changed its name to MinebeaMitsumi Inc. in January 2017. MinebeaMitsumi Inc. was incorporated in 1951 and is headquartered in Tokyo, Japan.

How the Company Makes Money

MinebeaMitsumi generates revenue through the sale of its extensive range of precision components and systems. Key revenue streams include the manufacturing and distribution of miniature ball bearings, which are widely used in various industries such as automotive, aerospace, and consumer electronics. Additionally, the company produces motors, sensors, and other electronic components that contribute significantly to its earnings. Partnerships with major OEMs (Original Equipment Manufacturers) in the automotive and electronics sectors enable MinebeaMitsumi to secure long-term contracts and stable revenue streams. The company's focus on innovation and development of advanced technologies, along with its global manufacturing footprint, allows it to maintain competitive pricing and meet the diverse needs of its customers, further supporting its profitability.

MinebeaMitsumi Financial Statement Overview

Summary

Income statement and balance sheet are solid (revenue up ~5.5% TTM, EBIT margin ~6.3%, manageable leverage with debt-to-equity ~0.60), but cash flow is a major concern: TTM free cash flow is nearly zero (~¥0.1B) and has been volatile, reducing financial flexibility despite reported profitability.

Income Statement

Top-line growth remains positive, with revenue up about 5.5% in TTM (Trailing-Twelve-Months) and a multi-year upward trajectory from FY2021 to FY2025. Profitability is solid for the group (TTM gross margin ~17.4%, EBIT margin ~6.3%, EBITDA margin ~10.6%), but margins have cooled versus FY2022 and net margin is still relatively modest (~4.1% TTM). Net income is positive and stable, though not expanding as fast as revenue, suggesting some cost pressure and/or mix headwinds.

Balance Sheet

Leverage looks manageable with debt-to-equity around ~0.60 in TTM (Trailing-Twelve-Months), broadly in line with recent years, and equity has grown over time alongside assets. Returns are decent but not standout: return on equity is ~8.2% in TTM (Trailing-Twelve-Months), below the stronger levels seen earlier (e.g., FY2022–FY2023). Overall the balance sheet appears stable, but the combination of moderate leverage and mid-single-digit-to-high-single-digit returns leaves less cushion if profitability weakens.

Cash Flow

Cash generation quality is the weak spot. In TTM (Trailing-Twelve-Months), operating cash flow is positive but low relative to earnings, and free cash flow is nearly zero (about ¥0.1B), implying heavy investment needs and/or working-capital drag. This is a sharp deterioration versus FY2025 (annual) when free cash flow was meaningful (~¥51.2B) and also highlights volatility (including negative free cash flow in FY2023). The current TTM profile raises execution risk and reduces financial flexibility despite reported profitability.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	1.61T	1.52T	1.40T	1.29T	1.12T	988.42B
Gross Profit	279.25B	270.40B	231.35B	220.84B	215.58B	167.59B
EBITDA	170.69B	167.62B	138.75B	126.33B	137.64B	100.01B
Net Income	65.19B	59.46B	54.03B	73.15B	68.94B	38.76B
Balance Sheet
Total Assets	1.78T	1.58T	1.42T	1.30T	1.10T	976.77B
Cash, Cash Equivalents and Short-Term Investments	219.97B	214.26B	146.66B	144.67B	163.59B	165.48B
Total Debt	506.91B	463.60B	383.96B	376.00B	288.93B	286.87B
Total Liabilities	926.32B	830.19B	700.40B	660.66B	562.76B	522.77B
Stockholders Equity	844.46B	743.45B	704.14B	629.13B	538.61B	451.14B
Cash Flow
Free Cash Flow	96.00M	51.19B	22.12B	-92.62B	8.31B	48.26B
Operating Cash Flow	84.28B	133.67B	101.76B	44.09B	78.42B	93.76B
Investing Cash Flow	-90.81B	-125.77B	-76.30B	-106.28B	-63.60B	-70.58B
Financing Cash Flow	32.54B	64.00B	-30.21B	37.88B	-25.55B	9.26B

MinebeaMitsumi Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3364.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6479, the sentiment is Positive. The current price of 3364 is above the 20-day moving average (MA) of 3359.60, above the 50-day MA of 3249.92, and above the 200-day MA of 2734.09, indicating a bullish trend. The MACD of 16.06 indicates Positive momentum. The RSI at 53.77 is Neutral, neither overbought nor oversold. The STOCH value of 19.59 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6479.

MinebeaMitsumi Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6770	78 Outperform	¥459.59B	9.19	11.96%	3.04%	2.70%	―
6806	78 Outperform	¥766.87B	25.94	8.09%	2.85%	11.18%	-0.75%
6981	74 Outperform	¥7.58T	39.89	8.95%	1.88%	2.88%	28.76%
6762	67 Neutral	¥4.60T	24.54	―	1.41%	7.73%	-1.93%
6479	64 Neutral	¥1.36T	20.72	8.05%	1.58%	0.96%	3.22%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6976	56 Neutral	¥602.32B	88.44	―	2.57%	4.81%	-49.43%

MinebeaMitsumi Corporate Events

MinebeaMitsumi Delivers Double-Digit Profit and Sales Growth in Third Quarter

MinebeaMitsumi reported that net sales, operating income, and profit for the third quarter of the fiscal year ending March 31, 2026 all exceeded its prior forecast, with double-digit year-on-year and quarter-on-quarter growth. Net sales rose 22.8% year-on-year to ¥453.9 billion, operating income increased 17.8% to ¥30.8 billion, and profit attributable to owners of the parent climbed 19.4%, driving basic earnings per share up to ¥51.79. The results were supported in part by foreign exchange tailwinds, with a weaker yen against the US dollar, euro and Thai baht compared with the previous year, bolstering reported earnings from overseas operations and underscoring the company’s sensitivity to currency trends.

The most recent analyst rating on (JP:6479) stock is a Buy with a Yen3695.00 price target. To see the full list of analyst forecasts on MinebeaMitsumi stock, see the JP:6479 Stock Forecast page.

MinebeaMitsumi Lifts Full-Year Outlook on Higher Nine-Month Profit and Stable Dividend Plan

MinebeaMitsumi reported consolidated net sales of ¥1.23 trillion for the nine months ended December 31, 2025, up 7.3% year on year, with operating income rising 3.1% to ¥75.2 billion and profit attributable to owners of the parent increasing 16.2% to ¥49.4 billion, supported by higher earnings per share and an improved equity base, as total assets and equity both expanded and the equity ratio edged up to 47.4%. The company maintained a progressive dividend stance, confirming an interim dividend of ¥25 and planning a full-year dividend of ¥50 per share, while raising its full-year forecast to ¥1.6 trillion in net sales and ¥71 billion in profit attributable to owners—a 19.4% increase from the previous year—signaling confidence in sustained earnings growth despite changes in accounting policies under IFRS.

The most recent analyst rating on (JP:6479) stock is a Buy with a Yen3695.00 price target. To see the full list of analyst forecasts on MinebeaMitsumi stock, see the JP:6479 Stock Forecast page.