TSE:6479

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Executive Summary

MinebeaMitsumi Inc. manufactures and supplies machined components, and electronic devices and components in Japan, Europe, the United States, Asia, and internationally.


Snowflake Analysis

Excellent balance sheet with questionable track record.


Similar Companies

Share Price & News

How has MinebeaMitsumi's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 6479's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

11.5%

6479

3.9%

JP Machinery

2.8%

JP Market


1 Year Return

26.9%

6479

6.5%

JP Machinery

5.4%

JP Market

Return vs Industry: 6479 exceeded the JP Machinery industry which returned 6.5% over the past year.

Return vs Market: 6479 exceeded the JP Market which returned 5.4% over the past year.


Shareholder returns

6479IndustryMarket
7 Day11.5%3.9%2.8%
30 Day24.1%16.3%12.4%
90 Day16.2%15.7%9.3%
1 Year29.0%26.9%9.0%6.5%8.2%5.4%
3 Year16.7%11.7%3.8%-3.1%9.9%2.4%
5 Year2.3%-5.1%-1.1%-11.5%14.2%1.7%

Price Volatility Vs. Market

How volatile is MinebeaMitsumi's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is MinebeaMitsumi undervalued compared to its fair value and its price relative to the market?

18.97x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 6479 (¥2108) is trading above our estimate of fair value (¥1388.65)

Significantly Below Fair Value: 6479 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 6479 is poor value based on its PE Ratio (19x) compared to the Machinery industry average (12.7x).

PE vs Market: 6479 is poor value based on its PE Ratio (19x) compared to the JP market (15.3x).


Price to Earnings Growth Ratio

PEG Ratio: 6479 is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: 6479 is overvalued based on its PB Ratio (2.2x) compared to the JP Machinery industry average (0.8x).


Next Steps

Future Growth

How is MinebeaMitsumi forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

10.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6479's forecast earnings growth (10.7% per year) is above the savings rate (0.05%).

Earnings vs Market: 6479's earnings (10.7% per year) are forecast to grow slower than the JP market (12.2% per year).

High Growth Earnings: 6479's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6479's revenue (0.7% per year) is forecast to grow slower than the JP market (3.1% per year).

High Growth Revenue: 6479's revenue (0.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6479's Return on Equity is forecast to be low in 3 years time (11%).


Next Steps

Past Performance

How has MinebeaMitsumi performed over the past 5 years?

8.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6479 has high quality earnings.

Growing Profit Margin: 6479's current net profit margins (4.7%) are lower than last year (6.8%).


Past Earnings Growth Analysis

Earnings Trend: 6479's earnings have grown by 8.1% per year over the past 5 years.

Accelerating Growth: 6479's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 6479 had negative earnings growth (-23.4%) over the past year, making it difficult to compare to the Machinery industry average (-20.3%).


Return on Equity

High ROE: 6479's Return on Equity (11.7%) is considered low.


Next Steps

Financial Health

How is MinebeaMitsumi's financial position?


Financial Position Analysis

Short Term Liabilities: 6479's short term assets (¥515.9B) exceed its short term liabilities (¥295.7B).

Long Term Liabilities: 6479's short term assets (¥515.9B) exceed its long term liabilities (¥166.5B).


Debt to Equity History and Analysis

Debt Level: 6479's debt to equity ratio (55.1%) is considered high.

Reducing Debt: 6479's debt to equity ratio has reduced from 59.2% to 55.1% over the past 5 years.

Debt Coverage: 6479's debt is well covered by operating cash flow (39%).

Interest Coverage: 6479's interest payments on its debt are well covered by EBIT (105.1x coverage).


Balance Sheet


Next Steps

Dividend

What is MinebeaMitsumi's current dividend yield, its reliability and sustainability?

1.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6479's dividend (1.33%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.44%).

High Dividend: 6479's dividend (1.33%) is low compared to the top 25% of dividend payers in the JP market (3.33%).


Stability and Growth of Payments

Stable Dividend: 6479's dividend payments have been volatile in the past 10 years.

Growing Dividend: 6479's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (25.2%), 6479's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average management tenure


CEO

Yoshihisa Kainuma (63yo)

11.17yrs

Tenure

JP¥222,001,000

Compensation

Mr. Yoshihisa Kainuma serves as the Chief Executive Officer and President at NMB-Minebea UK Ltd. Mr. Kainuma has been the Chief Executive Officer and President of Minebea Mitsumi Inc. since April 2009 and  ...


CEO Compensation Analysis

Compensation vs Market: Yoshihisa's total compensation ($USD2.02M) is above average for companies of similar size in the JP market ($USD1.39M).

Compensation vs Earnings: Yoshihisa's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Yoshihisa Kainuma
CEO, COO11.17yrsJP¥222.00m0.018% ¥153.8m
Kenji Yahiro
Manager of Investor Relationsno datano datano data
Shigeru None
Senior Managing Executive Officer5yrsno data0.0024% ¥21.1m
Kazunori Sawayama
Managing Executive Officer & Head of Spindle Motor Business Unit5.17yrsno datano data
Ryozo Iwaya
VP, Executive Officer5yrsno data0.00073% ¥6.3m
Tetsuya Tsuruta
Senior Managing Executive Officer4yrsno data0.0024% ¥21.1m
Michiya Kagami
Senior Managing Executive Officer3yrsno data0.0024% ¥21.1m
Atsushi Shiraishi
Executive Officer and Deputy Chief of Product Operation Support Headquarters3.42yrsno datano data
Takaaki Asawa
Exec. Officer and GM of Information Systems Dept at Accounting & Corporate Finance Div.1.42yrsno datano data
Satoshi Yoneda
Exec. Officer and GM of Accounting Dept at Accounting & Corporate Finance Div.1.42yrsno datano data

3.4yrs

Average Tenure

62yo

Average Age

Experienced Management: 6479's management team is considered experienced (3.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Yoshihisa Kainuma
CEO, COO11.17yrsJP¥222.00m0.018% ¥153.8m
Shigeru None
Senior Managing Executive Officer5yrsno data0.0024% ¥21.1m
Ryozo Iwaya
VP, Executive Officer5yrsno data0.00073% ¥6.3m
Tetsuya Tsuruta
Senior Managing Executive Officer4yrsno data0.0024% ¥21.1m
Michiya Kagami
Senior Managing Executive Officer3yrsno data0.0024% ¥21.1m
Hiroshi Aso
Managing Executive Officer3yrsno data0.0017% ¥14.7m
Hiroyuki Niiyama
Representative Directorno datano datano data
Shigeru Moribe
Vice Chairman3yrsno data0.046% ¥396.3m
Takashi Matsuoka
Independent Outside Director15yrsno data0.023% ¥196.0m
Kohshi Murakami
Independent Outside Director12yrsno datano data

4.0yrs

Average Tenure

62yo

Average Age

Experienced Board: 6479's board of directors are considered experienced (4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

MinebeaMitsumi Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MinebeaMitsumi Inc.
  • Ticker: 6479
  • Exchange: TSE
  • Founded: 1951
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: JP¥860.917b
  • Shares outstanding: 408.40m
  • Website: https://www.minebeamitsumi.com

Number of Employees


Location

  • MinebeaMitsumi Inc.
  • 3-9-6, Mita
  • Minato-ku
  • Tokyo
  • 108-8330
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6479TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
MNBE.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992
MEADB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
MNBE.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDNov 1992

Biography

MinebeaMitsumi Inc. manufactures and supplies machined components, and electronic devices and components in Japan, Europe, the United States, Asia, and internationally. It operates through three segments: Machined Components, Electronic Devices and Components, and MITSUMI Business. The Machined Components segment offers bearing products, including miniature and small sized ball bearings, rod end and spherical bearings, roller bearings, bushings, precision machined parts for aircraft, and medium- and large-sized ball bearings for aerospace use. It also provides bearing-related products, such as pivot assemblies and precision mechanical assemblies; and fasteners, defense related special components, and magnetic clutches and brakes. The Electronic Devices and Components segment offers rotary components comprising fan motors, blowers, hybrid type stepping motors, PM stepping motors, small diameter/high speed PM stepping motors, brush DC motors, small brushless motors, power brushless motors, polygon mirror scanner motors, HDD spindle motors, high-pressure blowers, rotation angle sensors, fan units, and FDB motors. It also provides lighting devices for LCDs; resonant devices; and measuring components comprising strain gages, force sensors, load cells, pressure sensors, torque transducers, vector sensors, digital indicators, and tensile and compression testing machines. The MITSUMI Business segment provides precision components, optical devices, power supply components, mechanical components, automotive products, and semiconductors. The company offers its products for use in household electrical appliances, information and telecommunications equipment, and automobiles. The company was formerly known as Minebea Co., Ltd. and changed its name to MinebeaMitsumi Inc. in January 2017. MinebeaMitsumi Inc. was founded in 1951 and is headquartered in Tokyo, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 16:24
End of Day Share Price2020/06/05 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.