Hioki EE (6866) Q3 2024 earnings summary

Executive summary

• Net sales for the nine months ended September 30, 2024, were ¥28,077 million, a 5.0% decrease year-over-year.

• Operating profit declined 18.0% year-over-year to ¥5,160 million.

• Profit attributable to owners of parent was ¥4,031 million, down 16.5% from the prior year.

Financial highlights

• Gross profit for the period was ¥13,937 million, nearly flat year-over-year.

• Ordinary profit decreased 17.3% year-over-year to ¥5,382 million.

• Earnings per share for the nine months was ¥295.79, compared to ¥353.72 in the prior year.

• Total assets as of September 30, 2024, were ¥43,538 million, down from ¥45,250 million at year-end 2023.

• Net assets increased to ¥37,646 million, with an equity ratio of 86.5%.

Outlook and guidance

• Full-year net sales forecast is ¥40,000 million, up 2.2% year-over-year.

• Operating profit for the full year is projected at ¥8,000 million, a 0.6% increase.

• Profit attributable to owners of parent is forecast at ¥6,360 million, up 1.0% year-over-year.

• Full-year EPS is expected to be ¥465.58.

• Annual dividend forecast is ¥200 per share.