MinebeaMitsumi Inc. (JP:6479)
:6479
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MinebeaMitsumi
(6479)
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Rating:64Neutral
Price Target:
¥2,719.00
▲(7.01% Upside)
Action:ReiteratedDate: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 OEM-facing product mix
MinebeaMitsumi's business spans bearings, small motors, sensors and modules sold to OEMs across consumer, automotive and industrial end markets. That diversified, high-volume manufacturing and frequent design-in with customers creates recurring platform revenue and reduces single-market risk over the medium term.
Negative Factors
Poor free cash flow conversion
Near-zero free cash flow despite positive earnings constrains the firm's ability to self-fund capex, dividends, or share buybacks and increases dependence on external financing. Over a multi-month horizon this reduces strategic optionality and heightens execution risk on new product ramps or program wins.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified OEM-facing product mix
MinebeaMitsumi's business spans bearings, small motors, sensors and modules sold to OEMs across consumer, automotive and industrial end markets. That diversified, high-volume manufacturing and frequent design-in with customers creates recurring platform revenue and reduces single-market risk over the medium term.
Read all positive factors
MinebeaMitsumi (6479) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.03T
Dividend Yield1.58%
Average Volume (3M)1.46M
Price to Earnings (P/E)15.2
Beta (1Y)1.34
Revenue Growth0.96%
EPS Growth3.22%
CountryJP
Employees83,886
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)51.79
Shares Outstanding427,080,600
10 Day Avg. Volume1,641,330
30 Day Avg. Volume1,462,666
Financial Highlights & Ratios
PEG Ratio1.35
Price to Book (P/B)1.18
Price to Sales (P/S)0.58
P/FCF Ratio17.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥3,731.87Price Target Upside46.87% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)174.32
Revenue Forecast (FY)¥1.58T
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 primarily makes money by designing, manufacturing, and selling high-volume, precision components and electronic devices to OEMs and tier suppliers globally. Key revenue streams include: (1) Precision mechanical components—sales of m...
MinebeaMitsumi Earnings Call Summary
Earnings Call Date:Nov 06, 2024
(Q2-2025)
| % Change Since: |
Next Earnings Date:Jul 31, 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
74
Positive
Balance Sheet
71
Positive
Cash Flow
38
Negative
| 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 | 270.20B | 230.97B | 219.73B | 215.50B | 167.55B |
| EBITDA | 162.90B | 158.16B | 127.33B | 130.08B | 135.54B | 108.44B |
| 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 | 493.00B | 383.96B | 376.00B | 288.93B | 286.87B |
| Total Liabilities | 926.32B | 830.19B | 700.40B | 660.71B | 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 | 24.18B | -90.36B | 9.94B | 49.57B |
| Operating Cash Flow | 84.28B | 133.67B | 101.76B | 44.09B | 78.42B | 93.76B |
| Investing Cash Flow | -90.81B | -125.77B | -76.30B | -108.55B | -63.60B | -75.96B |
| Financing Cash Flow | 32.54B | 64.00B | -30.21B | 40.15B | -25.55B | 14.63B |
MinebeaMitsumi Technical Analysis
Negative
2541.00
Price Trends
3159.49
Negative
3130.54
Negative
2800.24
Negative
Market Momentum
-164.89
Positive
26.70
Positive
5.05
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6479, the sentiment is Negative. The current price of 2541 is below the 20-day moving average (MA) of 2935.18, below the 50-day MA of 3159.49, and below the 200-day MA of 2800.24, indicating a bearish trend. The MACD of -164.89 indicates Positive momentum. The RSI at 26.70 is Positive, neither overbought nor oversold. The STOCH value of 5.05 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | ¥411.76B | 9.21 | 11.96% | 3.04% | 2.70% | ― | |
78 Outperform | ¥679.46B | 15.50 | 8.07% | 2.85% | 11.18% | -0.75% | |
74 Outperform | ¥6.47T | 59.16 | 8.95% | 1.88% | 2.88% | 28.76% | |
67 Neutral | ¥3.88T | 15.03 | ― | 1.41% | 7.73% | -1.93% | |
64 Neutral | ¥1.03T | 15.16 | 8.05% | 1.58% | 0.96% | 3.22% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | ¥493.06B | 15.62 | ― | 2.57% | 4.81% | -49.43% |
* Technology Sector Average
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MinebeaMitsumi Corporate Events
MinebeaMitsumi Delivers Double-Digit Profit and Sales Growth in Third Quarter
Feb 5, 2026
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%...
MinebeaMitsumi Lifts Full-Year Outlook on Higher Nine-Month Profit and Stable Dividend Plan
Feb 5, 2026
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 increa...
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.