Who are Minebea Mitsumi's main competitors?

Named competitors: NSK Ltd (6471.T), NTN Corporation (6472.T), TDK Corporation (6762.T), Nidec Corporation (6594.T). The cockpit's measured peer set (industry) also includes Smartsens Technology (Shanghai) (688213.SS), Sanan Optoelectronics (600703.SS), Vanguard International Semiconductor (5347.TWO), Rohm (6963.T), Jinko Solar (688223.SS), Suzhou Maxwell Technologies (300751.SZ).

How has Minebea Mitsumi stock performed?

Over six months to 6 Nov 2026 the shares returned -13.1% against -20.4% for the median peer; over one year -9.4%.

← CockpitCompetitor Analysis › 6479.T Minebea Mitsumi IncOpen in the cockpit ↗

Minebea Mitsumi Inc6479.TCompetitor analysis, valuation and peers

Japan · JPY·Information Technology›Semiconductors

Japanese maker of miniature ball bearings plus electronics components (motors, connectors, sensors, LED backlights) formed by merging Minebea and Mitsumi.

≈ A diversified precision-components maker, part SKF (bearings) part TE ConnectivityMomentum laggard 9

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$6.97B

US dollars, full cap

Free float

76%

of shares outstanding

$/day

$60.0M

20-day average traded

Fwd P/E

11.9×

forward earnings

ROIC−WACC

-3.5 pp

WACC 10.1%

Hurdle

-0 pp

Req g minus delivered

Next earnings

84 days

29 Jan 2027

Close · JPY¥2,715

1D-6.6%

1W-16.9%

1M-30.6%

3M-27.9%

6M-13.1%

YTD-12.8%

1Y-9.4%

ATR %5.6%

52w lowhigh48.8% off high

What Minebea Mitsumi does

Japanese maker of miniature ball bearings plus electronics components (motors, connectors, sensors, LED backlights) formed by merging Minebea and Mitsumi.

Sells components made to order for electronics, auto and aerospace makers, with the bearing business giving a steadier base and the electronics side, added in the 2017 merger, bringing more cyclical, project-driven sales. Much of the manufacturing is in Southeast Asia, particularly Thailand.

In one line: A diversified precision-components maker, part SKF (bearings) part TE Connectivity.

Products and services

Miniature ball bearings
Motors (HDD, small precision motors)
Electronic devices (connectors, switches, sensors via Mitsum
LED backlights for displays

Customers

Electronics OEMs, automotive, aerospace, smartphon

Where it sits in the supply chain

Industrials/Electronics components
Precision components
Bearings + motors + connectors +…

What could go right

EV and smartphone component content growth
Aerospace bearing demand

What could go wrong

Consumer electronics demand cyclicality
Raw material (steel) cost swings

Moat: narrow (scale, process know-how, installed base). World-leading share in miniature ball bearings, a precision manufacturing niche with high switching costs.

Headquarters: Tokyo, Japan · Founded: 1951 · Employees: 81,383

Named competitors

Minebea Mitsumi at a glance

Size Minebea Mitsumi (6479.T) is a Japan Information Technology company (Semiconductors) with a market value of $6.97B, the 183rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,715 on 6 Nov 2026.

Performance Over six months the shares fell 13.1%, against -20.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 9th highest of 21 in its peer set.

Growth Revenue grew 12.4% over the last twelve months (peer median +24.7%); the operating margin is 6.6% (peer median 11.6%).

Valuation It trades at 11.9× forward earnings against a peer median of 23.4× (2nd cheapest of 17).

Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -0 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 3.5 points below its cost of capital (10.1% WACC).

Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Minebea Mitsumi against the median of its 20 peers (local-currency closes).

Minebea Mitsumi financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	¥1.72T	¥1.66T	¥1.52T	¥1.40T	¥1.29T
Revenue growth	—	+9%	+9%	+9%	—
Gross profit	¥311B	¥293B	¥270B	¥231B	¥220B
EBITDA	¥186B	¥173B	¥158B	¥127B	¥130B
Net income	¥109B	¥99.0B	¥59.5B	¥54.0B	¥73.2B
Free cash flow	¥28.2B	¥15.5B	¥51.2B	¥24.2B	-¥90.4B
Capital expenditure	¥98.8B	¥87.6B	¥88.5B	¥79.6B	¥137B
Total debt	¥489B	¥517B	¥493B	¥384B	¥376B

Quarterly statements and history in the cockpit →

Minebea Mitsumi competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Minebea Mitsumi is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Minebea Mitsumi is the large dot.

Capital: growth delivered against growth the price implies

Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Minebea Mitsumi is the large dot.

Minebea Mitsumi competitors and peer comparison

Head to head with its named competitors (6479.T vs 6471.T vs 6472.T vs 6762.T)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Minebea Mitsumi 6479.T	$6.97B	-13%	+12%	7%	11.9×	10.8%
NSK 6471.T	$2.87B	-27%	+26%	5%	12.9×	1.9%
Ntn 6472.T	$1.23B	-15%	+3%	4%	13.4×	-2.1%
Tdk 6762.T	$25.4B	-27%	+25%	10%	15.0×	18.2%
Nidec 6594.T	$11.7B	-33%	+4%	-22%	11.5×	8.4%

How Minebea Mitsumi compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Minebea Mitsumi against its 20 peers (data as of 6 Nov 2026)
Measure	6479.T	Peer median	Rank in peer set
1-month return	-30.6%	-17.4%	6th lowest of 21
6-month return	-13.1%	-20.4%	9th highest of 21
Distance from 52-week high	-48.8%	-51.6%	9th highest of 21
Revenue growth (TTM)	+12.4%	+24.7%	8th lowest of 21
Operating margin	6.6%	11.6%	10th lowest of 21
Forward P/E	11.9×	23.4×	2nd cheapest of 17
Growth the price implies (Req g, 7 yrs)	10.8%	22.8%	least demanding of 9
Growth delivered (Del g)	+11.0%	+19.6%	3rd lowest of 9
Hurdle (Req g minus delivered)	-0.2 pp	+7.6 pp	3rd least demanding of 9
ROIC minus cost of capital	-3.5 pp	-4.2 pp	10th highest of 21
EV / EBITDA	7.3×	21.4×	cheapest of 8
Net debt / EBITDA	1.3×	-1.9×	most indebted of 9

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Minebea Mitsumi 6479.T	Japan	$6.97B	-13%	+12%	7%	11.9×	10.8%	+11.0%
Smartsens Technology (Shanghai) 688213.SS	China	$7.01B	+21%	+27%	13%	30.9×	23.1%	+42.7%
Sanan Optoelectronics 600703.SS	China	$6.87B	-33%	-22%	-7%	n/a	n/a	n/a
Vanguard International Semiconductor 5347.TWO	Taiwan	$6.82B	-22%	+10%	17%	17.7×	n/a	n/a
Rohm 6963.T	Japan	$6.76B	-19%	+12%	4%	24.3×	n/a	n/a
Jinko Solar 688223.SS	China	$6.73B	-34%	-18%	-11%	n/a	n/a	n/a
Suzhou Maxwell Technologies 300751.SZ	China	$6.72B	-33%	-26%	6%	72.0×	47.7%	+29.0%
Alchip Technologies Limitd 3661.TW	Taiwan	$7.35B	-32%	-51%	23%	14.4×	n/a	n/a
Silicon Laboratories SLAB	United States	$7.39B	+2%	+22%	-3%	60.3×	n/a	n/a
WAAREE Energies WAAREEENER.NS	India	$7.41B	-24%	+75%	16%	17.3×	n/a	n/a
Powerchip Semiconductor Manufacturing 6770.TW	Taiwan	$7.54B	-5%	+22%	-5%	7.6×	11.3%	+0.5%
Ingenic Semiconductor 300223.SZ	China	$7.59B	-15%	+89%	35%	16.7×	21.3%	+16.9%
Unigroup Guoxin Microelectronics 002049.SZ	China	$6.37B	-35%	-1%	18%	25.5×	24.4%	+13.5%
FormFactor FORM	United States	$6.36B	-45%	+29%	21%	19.7×	22.4%	+2.5%
GRINM Semiconductor Materials 688432.SS	China	$6.34B	+131%	+36%	19%	161.4×	n/a	n/a
Tianshui Huatian Technology 002185.SZ	China	$7.74B	+10%	+33%	4%	45.0×	n/a	n/a
RMBS RMBS	United States	$7.98B	-42%	+17%	37%	19.9×	24.5%	+23.5%
Shanghai Iluvatar CoreX Semiconductor 9903.HK	Hong Kong	$6.06B	-6%	+158%	-65%	n/a	n/a	n/a
Shanghai Biren Technology 6082.HK	Hong Kong	$6.03B	-67%	+542%	-47%	n/a	n/a	n/a
Konfoong Materials International 300666.SZ	China	$8.09B	+9%	+35%	10%	53.5×	n/a	n/a
Yangzhou Yangjie Electronic Technology 300373.SZ	China	$5.99B	-3%	+29%	18%	22.4×	18.1%	+22.3%

Questions

Who are Minebea Mitsumi's main competitors?: Named competitors: NSK Ltd (6471.T), NTN Corporation (6472.T), TDK Corporation (6762.T), Nidec Corporation (6594.T). The cockpit's measured peer set (industry) also includes Smartsens Technology (Shanghai) (688213.SS), Sanan Optoelectronics (600703.SS), Vanguard International Semiconductor (5347.TWO), Rohm (6963.T), Jinko Solar (688223.SS), Suzhou Maxwell Technologies (300751.SZ).
Is Minebea Mitsumi expensive compared with its peers?: On forward p/e it trades at 11.9× against a peer median of 23.4×, 2nd cheapest of 17 in its peer set. For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -0 pp: the price already allows for a slowdown.
How has Minebea Mitsumi stock performed?: Over six months to 6 Nov 2026 the shares returned -13.1% against -20.4% for the median peer; over one year -9.4%.