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Form 6-K MINEBEA MITSUMI Inc. For: Dec 21

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December 21, 2017 7:15 AM EST
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934


For the month of December 2017

Commission File Number 333-214585

MINEBEA MITSUMI Inc.
(Translation of registrant’s name into English)

4106-73 Oaza Miyota, Miyota-machi
Kitasaku-gun, Nagano 389-0293
Japan
(Address of principal executive office)


Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  X   Form 40-F______

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):               

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):               

 



 
 
Materials Contained in this Report:


1.
Press release titled “(Correction) Supplementary Financial Data for the Second Quarter of Fiscal Year ending March 31, 2018,” dated December 20, 2017
2.
Supplementary Financial Data for the Second Quarter of Fiscal Year Ending March 31, 2018

 
 
 
 

 

SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



 
  MINEBEA MITSUMI Inc.  
         
         
By:            /s/ Takayuki Ishikawa  
  Name: Takayuki Ishikawa  
  Title: General Manager  
         

 
 

Date:  December 21, 2017
 

 
 
 
 
 
 
 
December 20, 2017
 
 
Company Name:
MINEBEA MITSUMI Inc.
 
Representative:
Yoshihisa Kainuma
Representative Director,
President and Chief Executive Officer
   
(Code No. 6479, TSE Div. No. 1)
 
Contact:
Kenji Yahiro
Investor Relations Office
 
Phone:
+81-(0)3-6758-6720
 
 
(Correction) Supplementary Financial Data for the Second Quarter of
 
Fiscal Year ending March 31, 2018
 
The following correction is made to Supplementary Financial Data for the Second Quarter of Fiscal Year ending March 31, 2018 as detailed below.
 
[Detailed Contents of the Change]
 
1. The capital expenditure expense forecast for the second half for the fiscal year ending March 31, 2018 is changed from 21,661 million yen to 25,661 million yen.
 
*Those numbers are shown underlined.
 
 (Before the correction)
 
5. Capital Expenditure, Depreciation and Amortization, Research and Development Expenses
 
    
Fiscal year ended Mar. ’17
Fiscal year ending Mar. ’18
(Millions of yen)
1st Half
2nd Half *4
Full Year *4
 1Q 2Q
1st Half
Forecast of 2nd Half *5
Forecast of Full Year *5
Capital expenditure
12,243
19,604
31,847
10,651
11,688
22,339
21,661
48,000
Depreciation and amortization
14,243
13,921
28,164
7,218
7,652
14,871
18,129
33,000
Research and development expenses
5,294
7,053
12,347
5,498
5,634
11,133
10,867
22,000
 
(After the correction)
 
5. Capital Expenditure, Depreciation and Amortization, Research and Development Expenses
 
 
Fiscal year ended Mar. ’17
Fiscal year ending Mar. ’18
(Millions of yen)
1st Half
2nd Half *4
Full Year *4
 1Q 2Q
1st Half
Forecast of 2nd Half *5
Forecast of Full Year *5
Capital expenditure
12,243
19,604
31,847
10,651
11,688
22,339
25,661
48,000
Depreciation and amortization
14,243
13,921
28,164
7,218
7,652
14,871
18,129
33,000
Research and development expenses
5,294
7,053
12,347
5,498
5,634
11,133
10,867
22,000

 
###
 



November 8, 2017
MINEBEA MITSUMI Inc.
 
 
Supplementary Financial Data
for the Second Quarter of Fiscal Year Ending March 31, 2018
 
 
1. Consolidated Results of Operations
   
Fiscal year ended Mar. '17
    
FY ending
Mar. '18
    
%Change Y/Y
    
 
(Millions of yen)
 
  
1st Half
    
2nd Half *4
    
Full Year *4
    
1st Half
    
1st Half *1
    
Net sales
    
275,133
      
363,793
      
638,926
      
429,027
      
+55.9
%
  
Operating income
    
18,594
      
30,421
      
49,015
      
41,951
      
+125.6
%
  
Ordinary income
    
18,915
      
29,478
      
48,393
      
42,162
      
+122.9
%
  
Income attributable to owners of the parent
    
12,745
      
28,401
      
41,146
      
34,276
      
+168.9
%
  
Net income per share (yen)
    
34.01
      
73.32
      
107.33
      
81.17
      
+138.7
%
  
Diluted net income per share (yen)
    
33.26
      
72.38
      
105.64
      
79.27
      
+138.3
%
  
 
   
 
Fiscal year ended Mar. '17
 
    
FY ending Mar. '18
    
2Q %Change
  
 
(Millions of yen)
 
    
1Q
 
    
2Q
 
    
3Q
 
    
4Q *4
 
    
1Q
 
    
2Q
 
    
Q/Q *2
 
    
Y/Y *3
 
Net sales
    
120,288
      
154,844
      
167,375
      
196,418
      
193,204
      
235,823
      
+22.1
%
    
+52.3
%
Operating income
    
6,971
      
11,623
      
16,120
      
14,300
      
17,062
      
24,889
      
+45.9
%
    
+114.1
%
Ordinary income
    
7,255
      
11,659
      
15,857
      
13,621
      
17,372
      
24,789
      
+42.7
%
    
+112.6
%
Income attributable to owners of the parent
    
3,176
      
9,568
      
12,167
      
16,233
      
14,181
      
20,095
      
+41.7
%
    
+110.0
%
Net income per share (yen)
    
8.48
      
25.52
      
32.44
      
39.65
      
33.49
      
47.72
      
+42.5
%
    
+87.0
%
Diluted net income per share (yen)
    
8.12
      
24.94
      
31.94
      
38.15
      
32.70
      
47.68
      
+45.8
%
    
+91.2
%
 
2. Consolidated Sales and Operating Income by Segments 
   
Fiscal year ended Mar. '17
FY ending
Mar. '18
  
%Change Y/Y
  
 
 
(Millions of yen)
 
1st Half
2nd Half *4
Full Year *4
1st Half
  
1st Half *1
  
 
Machined components
76,467
79,843
156,310
82,374
  
+7.7%
  
 
Electronic devices and components
198,354
243,261
441,615
237,453
  
+19.7%
  
 
MITSUMI business
-
40,342
40,342
108,834
  
-
  
 
Other
311
347
658
365
  
+17.3%
  
 
Adjustment
-
-
-
-
  
-
  
Total sales
275,133
363,793
638,926
429,027
  
+55.9%
  
 
Machined components
19,525
19,622
39,147
21,223
  
+8.7%
  
 
Electronic devices and components
6,852
15,046
21,898
18,260
  
+166.5%
  
 
MITSUMI business
-
2,315
2,315
10,351
  
-
  
 
Other
-53
-67
-120
-185
  
-
  
 
Adjustment
-7,730
-6,493
-14,223
-7,699
  
-
  
Total operating income
18,594
30,421
49,015
41,951
  
+125.6%
  
 
   
 
Fiscal year ended Mar. '17
 
  
FY ending Mar. '18
  
2Q %Change
 
 
(Millions of yen)
 
1Q
2Q
3Q
4Q *4
1Q
2Q
  
Q/Q *2
Y/Y *3
 
Machined components
39,207
37,259
38,523
41,319
  
40,626
  
41,747
  
+2.8%
+12.0%
 
Electronic devices and components
80,911
117,442
128,653
114,607
  
104,362
  
133,090
  
+27.5%
+13.3%
 
MITSUMI business
-
-
-
40,342
  
48,050
  
60,784
  
+26.5%
-
 
Other
169
142
198
147
  
164
  
201
  
+22.6%
+41.5%
 
Adjustment
-
-
-
-
 
-
 
-
  
-
-
Total sales
120,288
154,844
167,375
196,418
  
193,204
  
235,823
  
+22.1%
+52.3%
 
Machined components
10,401
9,123
9,509
10,112
  
10,398
  
10,824
  
+4.1%
+18.6%
 
Electronic devices and components
432
6,420
9,439
5,605
  
6,847
  
11,412
  
+66.7%
+77.8%
 
MITSUMI business
-
-
-
2,315
  
3,800
  
6,551
  
+72.4%
-
 
Other
-16
-36
-50
-17
  
-183
  
-1
  
-
-
 
Adjustment
-3,846
-3,884
-2,778
-3,715
  
-3,801
  
-3,898
  
-
-
Total operating income
6,971
11,623
16,120
14,300
  
17,062
  
24,889
  
+45.9%
+114.1%
 
 
3. Forecast for the Full Year and Second Half for the Fiscal Year Ending March 31, 2018
 
Fiscal year ending Mar. '18
Full Year
%Change
  
Forecast
for
  
(Millions of yen)
Previous
f'cast (A)
New
f'cast (B)
New vs.
Previous
(B/A)
ended
Mar. '17
Y/Y Full
Year
  
the 2H
ending
Mar. '18
  
Net sales
810,000
810,000
-
638,926
+26.8%
  
380,973
  
Operating income
67,000
73,000
+9.0%
49,015
+48.9%
  
31,049
  
Ordinary income
66,000
72,000
+9.1%
48,393
+48.8%
  
29,838
  
Income attributable to owners of the parent
50,800
57,000
+12.2%
41,146
+38.5%
  
22,724
  
Net income per share (yen)
119.97
135.51
-
107.33
+26.3%
  
54.34
  
 
4. Forecast for the Consolidated Sales and Operating Income by Segments
   
Fiscal year ending Mar. '18
Full Year
%Change
  
Forecast for
the 2H
  
 
(Millions of yen)
Previous
f'cast (A)
New f'cast
(B)
New vs. previous
(B/A)
ended
Mar. '17
Y/Y Full
Year
  
ending
Mar. '18
  
 
Machined components
162,700
163,000
+0.2%
156,310
+4.3%
  
80,626
  
 
Electronic devices and components
440,000
418,000
-5.0%
441,615
-5.3%
  
180,547
  
 
MITSUMI business
206,600
228,400
+10.6%
40,342
+466.2%
  
119,566
  
 
Other
700
600
-14.3%
658
-8.8%
  
235
  
 
Adjustment
-
-
-
-
-
  
-
  
Total sales
810,000
810,000
-
638,926
+26.8%
  
380,973
  
 
Machined components
41,900
42,500
+1.4%
39,147
+8.6%
  
21,277
  
 
Electronic devices and components
27,300
27,500
+0.7%
21,898
+25.6%
  
9,240
  
 
MITSUMI business
14,600
20,000
+37.0%
2,315
+763.9%
  
9,649
  
 
Other
-500
-400
-
-120
-
  
-215
  
 
Adjustment
-16,300
-16,600
-
-14,223
-
  
-8,901
  
Total operating income
67,000
73,000
+9.0%
49,015
+48.9%
  
31,049
  
 
 
5. Capital Expenditure, Depreciation and Amortization, Research and Development Expenses 
 
Fiscal year ended Mar. '17
 
Fiscal year ending Mar. '18
(Millions of yen)
1st Half
2nd Half *4
Full Year *4
1Q
2Q
1st Half
Forecast of 2nd Half *5
Forecast of Full Year *5
Capital expenditure
12,243
19,604
31,847
10,651
11,688
22,339
25,661
48,000
Depreciation and amortization
14,243
13,921
28,164
7,218
7,652
14,871
18,129
33,000
Research and development expenses
5,294
7,053
12,347
5,498
5,634
11,133
10,867
22,000
 
6. Exchange Rates 
    
 
Fiscal year ended Mar. '17
 
Fiscal year ending Mar. '18   
  
(Yen)
1st Half
2nd Half
Full Year
1Q
2Q
1st Half
Assumption
of 2nd Half *6
Assumption of Full Year
US$
PL
107.31
110.21
108.76
111.48
110.92
111.20
105.00
108.10
  
BS
101.12
112.19
112.19
112.00
112.73
112.73
105.00
105.00
EURO
PL
120.08
118.59
119.34
121.53
129.65
125.59
115.00
120.30
  
BS
113.36
119.79
119.79
127.97
132.85
132.85
115.00
115.00
THAI BAHT
PL
3.06
3.13
3.09
3.24
3.31
3.28
3.06
3.17
  
BS
2.91
3.26
3.26
3.29
3.38
3.38
3.06
3.06
RMB
PL
16.28
16.08
16.18
16.18
16.53
16.36
16.00
16.18
  
BS
15.16
16.26
16.26
16.48
16.90
16.90
16.00
16.00
 
*1 First Half  % change Y/Y : First half in comparison with the first half of the previous fiscal year
*2 2Q % change Q/Q : 2Q in comparison with 1Q
*3 2Q % change Y/Y : 2Q in comparison with 2Q of the previous fiscal year
*4 We have started to consolidate MITSUMI ELECTRIC CO., LTD. from January 27, 2017.
*5 Forecasts for second half and full year were revised on November 8, 2017.
*6 Assumption for the second half is unchanged from the announcement on May 9, 2017.
 

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