MinebeaMitsumi Inc - Company Profile
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Business Description
MinebeaMitsumi Inc (MinebeaMitsumi) is a manufacturer of miniature ball bearings and high-precision components. It serves various markets including personal computers and peripheral equipment, construction machinery, household electrical appliances, telecommunication equipment, automotive and aerospace markets. As of August 2023, it operated 125 production and R&D bases, and 101 sales offices in 28 countries including Japan, China, Singapore, Malaysia, the US, Thailand, Cambodia, Germany, the Philippines, Czech Republic, the UK and Others. Minebea Mitsumi classifies its business operations into five segments: Electronic Devices and Components; Machined Components; Mitsumi Business, U-Shin Business and Other. In FY2023, the company incurred a capital expenditure of JPY136,717 million which grew 95% YoY.
R&D Overview
MinebeaMitsumi focuses on research and development to create new products which solve societal issues. It condusts research on the development of motors for application in robotics-related products. Moreover, the company also intends to develop control-related software and hardware. Through these projects the company focuses on Io’T and the development of complex, high-value-added solutions. The company owns R&D centers at Karuizawa, Hamamatsu, Fujisawa, Matsuida, and Yonago Plants in Japan, and in the US, Thailand, and China. In FY2023, the company spent JPY38,754 million on its R&D, which as a percentage of revenue, stood at 2.9%.
Business Segments
Overview
Provides lighting devices, measuring components and rotary components. Its lighting devices include light emitting diode (LED) backlights for liquid crystal displays (LCDs), backlight inverters, LED drivers, spindle motors for hard disk drives (HDDs), and stepping motors. The measuring components product portfolio includes such as strain gauges, load cells and digital indicators; and rotary components such as brushless DC motors, brush DC motors, fan motors, and other types of motors. The rotary components comprise blowers, hybrid type testing motors, HDD spindle motors, polygon mirror scanner motors, power brushless motors, high speed PM stepping motors, rotation angle sensors and fan units. In FY2023, the segment incurred a capital expenditure of JPY17,026 million which grew 0.2% YoY.
Performance
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Overview
Manufactures bearings and bearing-related products, and machined components. Its bearing and bearing-related products include miniature and small-sized ball bearings, integrated-shaft ball bearings, rod-end bearings, spherical bearings, roller bearings, precision mechanical assemblies, bushings, pivot assemblies, tape guides and others. The machined components include aerospace and automotive fasteners, defense related components, and magnetic clutches and brakes. In FY2023, the segment incurred a capital expenditure of JPY17,021 million which grew 5.6% YoY.
Performance
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Overview
Manufactures and supplies electrical machinery, optical equipment, medical and hygienic equipment, measurement equipment, metals industry products and metal materials and ceramic products. Key major products include wireless modules, camera modules, assemblies, connectors, polyvaricons, actuators, sensors, stepping motors, coils, AC adaptors and processed products. In FY2023, the segment incurred a capital expenditure of JPY28,335 million which grew 38.2% YoY.
Performance
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Overview
Focuses on the sale of dies and parts produced in-house. In FY2023, the segment incurred a capital expenditure of JPY30 million which declined 55.9% YoY.
Performance
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Overview
Offers key sets, door latches, door handles, and other automotive components. Also, Sells industrial machinery components and housing equipment components. Started operations of this segment following the acquisition of U-Shin Ltd. In FY2023, the segment incurred a capital expenditure of JPY4,755 million which grew 7.7% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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