QUICK Corp.

Equity Bottom-Up

Plan for OP of -15% YoY. Adopted the lower limit of the conventional range format
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In 1H, OP on par with the same period of the previous year The consolidated results for 1H of FY3/21 were sales of JPY461.7bn (-5% YoY) and OP of JPY22.9bn, which was flat. By business, Machined Components was -19% YoY in sales and -33% in OP due to a decrease in demand for automobiles, aircraft, and HDDs. Yushin also fell 33% YoY in the automobile market due to the spread of COVID-19 infection, and its operating…</li>
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Notes: This is translated from our Japanese report issued on 19 Aug 2020.
In 1Q, OP increased by more than 60% YoY, led by Electronic Devices and Components and Mitsumi Business
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Sales of LCD backlights are strong in the Electronic Devices and Components business In 1Q FY3/21, consolidated sales were JPY187.5bn (-8% YoY), while OP was JPY5.4bn (+61% YoY). By business, in the Machined Components business, sales decreased by 23% YoY and OP decreased by 33% YoY due to a decrease in demand for…</li>
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Japan

Minebea Mitsumi manufactures and markets miniature and instrument ball bearings.  The Company also makes DC motors, servo motors, stepping motors, spindle motors, pivot assemblies, rod-end and spherical bearings, fasteners, and computer keyboards. Minebea Mitsumi has production facilities in Thailand and Singapore.

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