Q3 2023 Minebea Mitsumi Inc Earnings Call Transcript

Feb 03, 2023 / 08:30AM GMT

Release Date Price: 円2880

Transcript

Katsuhiko Yoshida

MINEBEA MITSUMI Inc. - Senior Managing Exec Officer, Head of Sustainability Management Division & Director

My name is Yoshida. I would like to explain the consolidated financial results for the Q3 of fiscal year ending in March 2023.

Consolidated net sales for the third quarter was up 22% year-on-year and up 12.5% quarter-on-quarter to total JPY 371.424 billion. Operating income was up 2.3% year-on-year and up 0.1% quarter-on-quarter to total JPY 26.432 billion. Profit for the period attributable to the owners of the parent was down 28.5% year-on-year and down 34.5% quarter-on-quarter to total JPY 13.148 billion.

We estimate the foreign currency translations, and we recorded the record high sales in terms of the quarterly results. We estimated -- we estimate that foreign currency translation have a quarter-on-quarter impact of plus JPY 15.3 billion in net sales and plus JPY 3.5 billion in operating income, year-on-year impact of plus JPY 57.2 billion in net sales and plus JPY 7.7 billion in operating income.

Next slide, please. This chart shows quarterly

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