MinebeaMitsumi (6479): Key takeaways from sell-side meeting with Chairman Yoshihisa Kainuma and President Katsuhiko Yoshida

研报英文原文证据摘录

MinebeaMitsumi (6479): Key takeaways from sell-side meeting with Chairman Yoshihisa Kainuma and President Katsuhiko Yoshida

J P M O R G A N Asia Pacific Equity Research

03 July 2026

MinebeaMitsumi (6479) Overweight

6479.T, 6479 JP

Key takeaways from sell-side meeting with Chairman Price (02 Jul 26):¥4,694

Yoshihisa Kainuma and President Katsuhiko Yoshida Price Target (Dec-27):¥5,500

We had the opportunity to participate in a small sell-side meeting with Japan Equity Research

Chairman Yoshihisa Kainuma and President Katsuhiko Yoshida at 14:00 on

Technology - Electronic

July 2. This report summarizes the key points from the meeting. Components

MinebeaMitsumi is focused on expanding the five growth areas plus one AC Akinori Kanemoto

priority application, and sees strong potential for earnings growth centered

(81-3) 6736 8628

on AI servers and humanoid robots. The company expects stable, but not akinori.kanemoto@jpmorgan.com

rapid, earnings growth. Ikki Shibata

• Focus on further improving excellent businesses: The company is (81-3)ikki.shibata@jpmorgan.com6736 8641

concentrating resources on the five growth areas of AI servers, humanoid JPMorgan Securities Japan Co., Ltd.

robots, commercial drones, self-driving cars (LiDAR), and new mobility

solutions, as well as aerospace as a priority application, under the five growth

areas plus one priority application strategy. Chairman Kainuma had previously

devoted time to improving underperforming businesses but stated that he is

now spending his time on the five growth areas plus one priority application.

The company offers a wide range of products in these areas, not limited to ball

bearings, and plans to strengthen sales of these products.

• Under the five growth areas plus one priority application strategy,