MinebeaMitsumi Inc. (JP:6479)
:6479
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MinebeaMitsumi
(6479)
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Rating:63Neutral
Price Target:
¥4,859.00
▲(64.74% Upside)
Action:Reiterated
Date:05/14/26
The score is driven primarily by improving revenue/profitability and reasonable leverage, offset by weak and volatile free cash flow conversion. Technicals show strong momentum but very overbought conditions, while valuation is supportive with a low P/E and modest dividend yield.
Positive Factors
Diversified product and end-market exposure
A broad product set across ICT, automotive, industrial and consumer electronics reduces reliance on any single cyclical market. Multi-industry exposure and OEM supply relationships support steadier demand, recurring program revenues and multiple pathways for growth over a multi‑quarter horizon.
Negative Factors
Volatile, weak free cash flow conversion
Inconsistent free cash flow conversion signals structural cash generation risk from higher investment needs or working capital volatility. Over several quarters this undermines the firm’s ability to fund dividends, deleveraging or new projects from operating cash without increasing leverage or cutting investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified product and end-market exposure
A broad product set across ICT, automotive, industrial and consumer electronics reduces reliance on any single cyclical market. Multi-industry exposure and OEM supply relationships support steadier demand, recurring program revenues and multiple pathways for growth over a multi‑quarter horizon.
Read all positive factors
MinebeaMitsumi (6479) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.85T
Dividend Yield1.58%
Average Volume (3M)1.46M
Price to Earnings (P/E)18.5
Beta (1Y)1.48
Revenue Growth9.30%
EPS Growth67.08%
CountryJP
Employees83,886
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)246.60
Shares Outstanding427,080,600
10 Day Avg. Volume1,641,330
30 Day Avg. Volume1,462,666
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)1.13
Price to Sales (P/S)0.61
P/FCF Ratio65.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥3,884.29Price Target Upside31.69% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)217.79
Revenue Forecast (FY)¥1.68T
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...
How the Company Makes Money
MinebeaMitsumi makes money primarily by manufacturing and selling precision components and electronic devices to business customers (OEMs and contract manufacturers) that integrate these parts into end products such as smartphones/PCs and peripher...
MinebeaMitsumi Earnings Call Summary
Earnings Call Date:Nov 06, 2024
(Q2-2025)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted strong growth in net sales and operating income, driven by the Precision Technologies and Semiconductors and Electronics segments. However, challenges such as a decrease in profit attributable to owners, a weak semiconductor market, and underperformance in certain product lines were noted.Positive Updates
Record-Breaking Net Sales and Operating Income
Consolidated net sales for Q2 2025 reached a record high of JPY 422.73 billion, up 11.3% year-on-year and 18.9% quarter-on-quarter. Operating income also hit a record high for the second quarter at JPY 28.146 billion, up 29.4% year-on-year and 40.6% quarter-on-quarter.
Negative Updates
Decline in Profit Attributable to Owners
Profit attributable to owners of the parent decreased by 26.1% year-on-year and 13.1% quarter-on-quarter to JPY 12.112 billion.
Read all updates
Q2-2025 Updates
Positive
Negative
Record-Breaking Net Sales and Operating Income
Consolidated net sales for Q2 2025 reached a record high of JPY 422.73 billion, up 11.3% year-on-year and 18.9% quarter-on-quarter. Operating income also hit a record high for the second quarter at JPY 28.146 billion, up 29.4% year-on-year and 40.6% quarter-on-quarter.
Read all positive updates
Company Guidance
During MinebeaMitsumi's earnings call for Q2 2025, the company reported a 11.3% year-on-year and 18.9% quarter-on-quarter increase in consolidated net sales, reaching JPY 422.73 billion. Operating income saw a significant rise of 29.4% year-on-year and 40.6% quarter-on-quarter, totaling JPY 28.146 billion. Despite these gains, profit attributable to owners was down 26.1% year-on-year, coming in at JPY 12.112 billion. The operating margin for the quarter improved to 6.7%, up 1.0 percentage point from the previous year. Although foreign exchange rates favorably impacted net sales and operating income by JPY 2.3 billion and JPY 0.2 billion quarter-on-quarter, respectively, the company maintained its sales and operating income forecasts for the fiscal year ending March 2025. The Precision Technologies segment saw a 3.6% quarter-on-quarter increase in net sales, while the Motors segment reported a 7.3% rise. In contrast, the Semiconductors and Electronics segment experienced a substantial 51.7% quarter-on-quarter increase, mainly due to gains in optical devices and semiconductors. Inventory at the end of Q2 decreased by JPY 23.8 billion from the previous quarter, totaling JPY 335.8 billion. The company also highlighted its strategic focus on expanding its integrated product offerings and enhancing its competitiveness in the semiconductor market amidst challenges from Chinese competitors.MinebeaMitsumi Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
66
Positive
Cash Flow
52
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.66T | 1.52T | 1.40T | 1.29T | 1.12T |
| Gross Profit | 293.01B | 270.20B | 230.97B | 219.73B | 215.50B |
| EBITDA | 173.15B | 158.16B | 127.33B | 130.08B | 135.54B |
| Net Income | 99.03B | 59.46B | 54.03B | 73.15B | 68.94B |
Balance Sheet | |||||
| Total Assets | 1.81T | 1.58T | 1.42T | 1.30T | 1.10T |
| Cash, Cash Equivalents and Short-Term Investments | 227.52B | 214.26B | 146.66B | 144.67B | 163.59B |
| Total Debt | 482.49B | 493.00B | 383.96B | 376.00B | 288.93B |
| Total Liabilities | 903.81B | 830.19B | 700.40B | 660.71B | 562.76B |
| Stockholders Equity | 898.97B | 743.45B | 704.14B | 629.13B | 538.61B |
Cash Flow | |||||
| Free Cash Flow | 15.49B | 51.19B | 24.18B | -90.36B | 9.94B |
| Operating Cash Flow | 94.85B | 133.67B | 101.76B | 44.09B | 78.42B |
| Investing Cash Flow | -81.97B | -125.77B | -76.30B | -108.55B | -63.60B |
| Financing Cash Flow | -16.94B | 64.00B | -30.21B | 40.15B | -25.55B |
MinebeaMitsumi Technical Analysis
Positive
2949.50
Price Trends
3187.84
Positive
3179.68
Positive
3004.29
Positive
Market Momentum
339.45
Negative
79.08
Negative
85.01
Negative
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 2949.5 is below the 20-day moving average (MA) of 3786.05, below the 50-day MA of 3187.84, and below the 200-day MA of 3004.29, indicating a bullish trend. The MACD of 339.45 indicates Negative momentum. The RSI at 79.08 is Negative, neither overbought nor oversold. The STOCH value of 85.01 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6479.
MinebeaMitsumi Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥927.58B | 27.98 | 8.07% | 2.85% | 11.53% | 1.60% | |
68 Neutral | ¥17.75T | 75.03 | 8.95% | 1.88% | 5.02% | 2.02% | |
66 Neutral | ¥425.58B | 15.21 | 11.96% | 3.04% | 2.93% | -26.76% | |
64 Neutral | ¥7.80T | 39.87 | ― | 1.41% | 13.61% | 17.01% | |
63 Neutral | ¥1.85T | 18.50 | 8.05% | 1.58% | 9.30% | 67.08% | |
62 Neutral | ¥1.86T | 125.20 | ― | 2.57% | 4.07% | 533.21% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
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MinebeaMitsumi Corporate Events
MinebeaMitsumi to Acquire Panasonic Industry’s Automotive Motor and Cooling Fan Business
May 12, 2026
MinebeaMitsumi has agreed to acquire Panasonic Industry’s automotive motor and automotive cooling fan motor operations, a business with about ¥31.8 billion in annual sales and a 90-year heritage in motor technology. The deal, executed v...
MinebeaMitsumi Plans Board Expansion with Articles Amendment
May 12, 2026
MinebeaMitsumi’s board has approved a proposal to amend its Articles of Incorporation to raise the cap on board members from twelve to thirteen directors. The change is positioned as a move to reinforce the company’s management structu...
MinebeaMitsumi Reshapes Executive Line-Up While Retaining Core Leadership
May 12, 2026
MinebeaMitsumi has announced a slate of executive appointments and promotions, to be formalized at its June 26, 2026 shareholders and board meetings, leaving its top leadership trio of Chairman and CEO Yoshihisa Kainuma, Vice Chairman Shigeru Mori...
MinebeaMitsumi Posts Strong FY2025–26 Profit Surge and Hikes Dividend as It Projects Slower Bottom-Line in FY2026–27
May 12, 2026
MinebeaMitsumi reported consolidated net sales of ¥1.66 trillion for the year ended March 31, 2026, up 9.3% year on year, with operating income rising 10.1% to ¥103.98 billion and profit attributable to owners of the parent jumping 66.6%...
MinebeaMitsumi Lifts Full-Year Forecasts on Asset Revaluation Gains and Stronger Core Earnings
May 11, 2026
MinebeaMitsumi has revised upward its full-year consolidated forecast for the fiscal year ended March 2026, projecting net sales of ¥1.664 trillion, operating income of ¥103.98 billion, and profit attributable to owners of the parent of ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.