Estic (6161) Q2 2024 earnings summary

Executive summary

• Q2 FY2024 revenue rose 15.4% YoY to ¥3,251 million; operating profit increased 21.8% to ¥659 million and net income rose 33.0% to ¥476 million.

• Overseas sales growth and a weaker yen supported results, while domestic large-scale equipment investment plans were sometimes postponed.

Financial highlights

• Revenue was ¥3,251 million, up ¥435 million YoY; gross profit reached ¥1,514 million, up ¥195 million.

• Operating profit was ¥659 million, up ¥117 million; ordinary profit was ¥690 million, up ¥114 million.

• Net income was ¥476 million, up ¥117 million; EPS was ¥47.89, versus ¥36.09 a year earlier.

Outlook and guidance

• FY2024 forecast: revenue ¥7,500 million, operating profit ¥1,580 million, ordinary profit ¥1,610 million, and net income ¥1,111 million.

• Forecast YoY increases: revenue 11.6%, operating profit 6.5%, ordinary profit 5.0%, and net income 3.0%; EPS forecast at ¥111.81.

• Annual dividend forecast is ¥24 per share, with a 21.5% payout ratio.