Minebea Mitsumi raised its consolidated earnings forecast for the fiscal year ending March 2027 and expects revenue, operating profit and net profit all to reach record highs. Demand from AI data centers and growth in aircraft bearings are expected to contribute.
Minebea Mitsumi raised its consolidated earnings forecast for the fiscal year ending March 2027.
Under the new assumptions underlying the disclosure, revenue, operating profit and net profit are all expected to reach record highs.
The factors behind the upward revision include expanding demand from artificial intelligence (AI) data centers, while demand for aircraft bearings is also expected to remain firm.
The company is reported to have raised its earnings outlook for the current fiscal year through disclosure based on International Financial Reporting Standards (IFRS).