MINBY (Minebea Mitsumi) Operating Income: $682 Mil (TTM As of Mar. 2026)


MINBY Minebea Mitsumi Inc MINBY
65 GF Score
Price $28.15
GF Value $20.66
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Minebea Mitsumi Operating Income?

Minebea Mitsumi MINBY -3.51% 65 Operating Income is $682 Mil as of Mar. 2026. GuruFocus rates MINBY with a GF Score™ of 65/100 and a GF Value™ of $20.66 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Minebea Mitsumi's Operating Income for the three months ended in Mar. 2026 was $181 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $682 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Minebea Mitsumi's Operating Income for the three months ended in Mar. 2026 was $181 Mil. Minebea Mitsumi's Revenue for the three months ended in Mar. 2026 was $2,723 Mil. Therefore, Minebea Mitsumi's Operating Margin % for the quarter that ended in Mar. 2026 was 6.66%.

Minebea Mitsumi's 5-Year average Growth Rate for Operating Margin % was -0.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Minebea Mitsumi's annualized ROC % for the quarter that ended in Mar. 2026 was 6.74%. Minebea Mitsumi's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 25.42%.


Minebea Mitsumi  (OTCPK:MINBY) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Minebea Mitsumi's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=725.248 * ( 1 - 22.72% )/( (8251.701 + 8380.952)/ 2 )
=560.4716544/8316.3265
=6.74 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=11431.171 - 1692.634 - ( 1486.836 - max(0, 3964.384 - 6678.126+1486.836))
=8251.701

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=11436.893 - 1553.024 - ( 1502.917 - max(0, 3794.995 - 6482.944+1502.917))
=8380.952

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Minebea Mitsumi's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1678.568/( ( (3698.278 + max(2969.163, 0)) + (3688.512 + max(2849.498, 0)) )/ 2 )
=1678.568/( ( 6667.441 + 6538.01 )/ 2 )
=1678.568/6602.7255
=25.42 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2210.326 + 2640.817 + 340.147) - (1692.634 + 0 + 529.493)
=2969.163

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2246.729 + 2466.016 + 267.282) - (1553.024 + 0 + 577.505)
=2849.498

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Minebea Mitsumi's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=181.312/2723.372
=6.66 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Minebea Mitsumi Operating Income Related Terms


Minebea Mitsumi Operating Income Historical Data

* Premium members only.

The historical data trend for Minebea Mitsumi's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Minebea Mitsumi Operating Income Chart

Minebea Mitsumi Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 777.01 729.66 490.83 633.86 655.26

Minebea Mitsumi Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 133.43 120.65 182.30 197.68 181.31
MINBY
65GF Score
Minebea Mitsumi Inc MINBY
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Minebea Mitsumi Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $682 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $682 Mil mean?
Minebea Mitsumi (MINBY) has a Operating Income of $682 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Minebea Mitsumi and its competitors.
Is Minebea Mitsumi's Operating Income too high?
Minebea Mitsumi's current Operating Income is $682 Mil. Overall, Minebea Mitsumi has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Minebea Mitsumi's Operating Income compare to APH and GLW?
Minebea Mitsumi's Operating Income of $682 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Hardware company?
A good Operating Income depends on the Hardware industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Minebea Mitsumi and its competitors. Minebea Mitsumi's current Operating Income is $682 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Minebea Mitsumi stock overvalued right now?
Based on GuruFocus' analysis, Minebea Mitsumi (MINBY) is currently considered Significantly Overvalued. The stock's GF Value™ is $20.66, compared to a current price of $28.15 — trading 36.2% above its estimated fair value. The current Operating Income is $682 Mil. Minebea Mitsumi's overall GF Score™ is 65/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Minebea Mitsumi (MINBY), the current Operating Income is $682 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Minebea Mitsumi (MINBY) Overvalued in 2026?

Based on GuruFocus' analysis, Minebea Mitsumi stock appears to be overvalued. The current stock price of $28.15 is trading 36.2% above its estimated GF Value™ of $20.66. GuruFocus considers Minebea Mitsumi to be Significantly Overvalued.

Key valuation signals for MINBY:

  • Operating Income: $682 Mil
  • GF Value™: $20.66 vs. price of $28.15 (36.2% above fair value)
  • GF Score™: 65/100 with 8 warning signs

No single metric tells the full story. See the MINBY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Minebea Mitsumi Business Description

Address 1-9-3 Higashi-Shinbashi, Minato-ku, Tokyo, JPN, 105-0021
Minebea Mitsumi Inc is an electronic components company. The company operates through four segments. The Access Solutions segment handles automotive parts such as key sets, door latches, and handles, as well as industrial equipment parts. The Motor Lighting & Sensing segment offers small motors, electronic devices, optical components, sensing devices, and specialized equipment. The Precision Technologies segment focuses on ultra-precision machined parts, including bearings, pivot assemblies, and aircraft screws. The Semiconductor & Electronics segment provides semiconductor devices, optical devices, mechanical components, power supply components, and smart products. It generates the majority of its revenue from the Semiconductor & Electronics segment.
65GF Score

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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$28.15
Price
$20.66
GF Value