Minebea Mitsumi pauses acquisitions to chase AI returns

Minebea Mitsumi, one of Japan’s biggest corporate dealmakers, is hitting pause on acquisitions to focus on its output of ball bearings, motors and actuators for AI hardware to chase lucrative returns from the emerging technology. The key supplier to Nintendo is eyeing climbing market forecasts for data centers and humanoid robots, and sees “unlimited” upside ahead, according to Chairman Yoshihisa Kainuma, who said the company has no current plans for deals.