MINEBEA MITSUMI Inc. Just Missed Earnings - But Analysts Have Updated Their Models

The half-year results for MINEBEA MITSUMI Inc. (TSE:6479) were released last week, making it a good time to revisit its performance. It was not a great result overall. While revenues of JP¥778b were in line with analyst predictions, earnings were less than expected, missing statutory estimates by 18% to hit JP¥44.06 per share. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

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After the latest results, the 16 analysts covering MINEBEA MITSUMI are now predicting revenues of JP¥1.56t in 2026. If met, this would reflect a satisfactory 2.2% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to step up 12% to JP¥175. Before this earnings report, the analysts had been forecasting revenues of JP¥1.55t and earnings per share (EPS) of JP¥175 in 2026. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

See our latest analysis for MINEBEA MITSUMI

It will come as no surprise then, to learn that the consensus price target is largely unchanged at JP¥3,226. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on MINEBEA MITSUMI, with the most bullish analyst valuing it at JP¥4,000 and the most bearish at JP¥2,300 per share. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We would highlight that MINEBEA MITSUMI's revenue growth is expected to slow, with the forecast 4.5% annualised growth rate until the end of 2026 being well below the historical 10% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 4.9% annually. Factoring in the forecast slowdown in growth, it looks like MINEBEA MITSUMI is forecast to grow at about the same rate as the wider industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for MINEBEA MITSUMI going out to 2028, and you can see them free on our platform here.

You can also view our analysis of MINEBEA MITSUMI's balance sheet, and whether we think MINEBEA MITSUMI is carrying too much debt, for free on our platform here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.