MinebeaMitsumi (6479): Held a small meeting with outside directors

研报英文原文证据摘录

MinebeaMitsumi (6479): Held a small meeting with outside directors

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

29 July 2026

MinebeaMitsumi (6479) Overweight

6479.T, 6479 JP

Held a small meeting with outside directors Price (28 Jul 26):¥3,668

Price Target (Dec-27):¥5,500

MinebeaMitsumi organized a small meeting with four outside directors (Ms. Yuko Japan Equity Research

Miyazaki, Ms. Atsuko Matsumura, Ms. Yuko Haga, and Mr. Hirofumi Katase) at

Technology - Electronic

14:30 on July 28. We were able to solicit the valuable opinions of the outside Components

directors regarding governance of the company’s rapidly expanding global AC Akinori Kanemoto

operations, human resource development, and business portfolio strategy. We

(81-3) 6736 8628

believe that the company’s shift to balance sheet-focused management, a thorough akinori.kanemoto@jpmorgan.com

business portfolio strategy for unprofitable businesses, and improved profitability Ikki Shibata

through synergies will lead to a better share price valuation. (81-3) 6736 8641

ikki.shibata@jpmorgan.com

• (1) Human resource development: From a long-term perspective, developing JPMorgan Securities Japan Co., Ltd.

talent for new business models is a challenge. The company commented that

it has significantly reformed its personnel system over the past one to two years

and has entered the implementation phase. MinebeaMitsumi commented that

the rise of AI may make it more difficult for people to develop their decision-

making skills, and that it is necessary to foster decision-making and critical

thinking abilities in the next generation of employees. For global talent

utilization, Japanese and non-Japanese employees jointly operate businesses.

In 2024, MinebeaMitsumi established a global support center at the Cebu plant.