AIMECHATEC (6227) Q4 2024 earnings summary

Executive summary

• FY June 2024 revenue was ¥15,421 million, down 0.3% YoY; operating profit was ¥261 million, ordinary profit ¥162 million and net income ¥111 million, as higher R&D and equipment-transfer costs weighed on earnings.

• Strong AI semiconductor demand offset weak IT and LCD investment amid global economic uncertainty.

• FY June 2025 guidance projects higher revenue and profit, supported by a large backlog, recovering customer investment and improved margins.

Financial highlights

• Gross profit was ¥3,237 million, up ¥63 million YoY; orders were ¥15,088 million and year-end backlog was ¥20,243 million.

• Comprehensive income was ¥348 million, down 70.8% YoY; year-end cash and equivalents were ¥2,873 million, up ¥159 million.

• Operating cash flow was negative ¥1,131 million, investment cash flow negative ¥889 million and financing cash flow positive ¥2,130 million.

• Equity ratio improved to 48.1% from 40.6%.

Outlook and guidance

• FY June 2025 guidance: revenue ¥20,015 million, operating profit ¥1,625 million, ordinary profit ¥1,510 million and net income ¥216 million.

• Revenue growth is expected from the ¥20 billion-plus backlog and new orders; higher semiconductor sales mix and lower equipment-transfer costs are expected to support profit improvement.

• Semiconductor business is expected to lead growth; IJP is forecast to recover on next-generation display and film ODF systems, while LCD targets service, parts, upgrades and replacements.

• FY June 2025 dividend forecast is ¥45 per share, including no interim dividend; forecast payout ratio is 120.0%.