Minebea Mitsumi Inc (OTCPK:MNBEF)
$ 15.74 0 (0%) Market Cap: 6.51 Bil Enterprise Value: 8.17 Bil PE Ratio: 16.80 PB Ratio: 1.42 GF Score: 94/100
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Q3 2021 Minebea Mitsumi Inc Earnings Call Transcript

Feb 05, 2021 / 08:30AM GMT
Release Date Price: $21.7
Katsuhiko Yoshida
MinebeaMitsumi Inc. - Chief of Tokyo Head Office, Senior Managing Executive Officer & Director

My name is Yoshida. Today, I first -- I would first like to explain the consolidated financial results for the third quarter of the fiscal year ending March 2021. And then Mr. Kainuma, Representative Director, CEO and COO, will explain the highlight of this fiscal year.

Next page, please. Consolidated net sales for the third quarter of the fiscal year ending March 2021, was up 3% year-on-year and up 0.5% quarter-on-quarter to total JPY 275.709 billion. Operating income was down 15.9% year-on-year and up by 11.6% quarter-on-quarter to total JPY 19.595 billion. Profit for the period attributable to the owners of the parent was down 15.9% year-on-year and up 22.2% quarter-on-quarter to total JPY 16.172 billion.

Operating income for this quarter includes special expenses, totaling approximately JPY 0.8 billion incurred due to impact of COVID-19, et cetera. We estimate that foreign currency translation have a year-on-year impact of minus JPY 6.6 billion in net sales and minus

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