MINEBEA MITSUMI Inc.'s stock price fell from around ¥3,401 to ¥3,239 between 8/27 and 9/2, with the 9/2 price down 5.01% from the previous day. The stock has failed to fully recover over the past 5 trading days, and a period of wider price swings has continued.
From the end of August through early September, MINEBEA MITSUMI Inc.'s stock price fell from around ¥3,401 to ¥3,239, with the stock down ¥171, or 5.01%, from the previous day on 9/2. The recent price action indicates that the downtrend is continuing. Trading activity on smartphones and PCs and movements in technical indicators are intersecting.
An analyst at a major US brokerage maintained a bullish rating while lowering the target price to ¥5,000. Although the rating was maintained, it was reported that a gap had emerged between the stock price and the target price during the decline.
In the financial results and performance section, revenue for the first quarter of the fiscal year ending March 2027 was ¥426.6 billion and operating profit was ¥26.3 billion. Growth in demand from data centers coexisted with a substantial decline in profit in the Access Solutions business.
The full-year forecast remains unchanged at operating profit of ¥120 billion and annual dividends of ¥60, while the interim and full-year profit outlooks have already been raised. The focus going forward will be how the first-quarter growth trend aligns with progress toward the full-year targets.
From a technical perspective, a MACD buy signal was identified during the morning session and at the close on 8/31, while signs of technical improvement as of the end of the month were also noted.