Hioki EE (6866) Q4 2024 earnings summary

Executive summary

• Fiscal 2024 sales reached ¥39,270 million, a 0.3% year-over-year increase, with net income at ¥6,187 million, down 2.2% from the previous year.

• Operating profit declined by 5.4% year-over-year to ¥7,525 million.

• Overseas sales accounted for 63.1% of total sales, with Asia as the largest export market.

• The company is executing Vision 2030, focusing on growth in energy, batteries, mobility, and components markets.

• Comprehensive income for the year was ¥6,246 million.

Financial highlights

• Gross profit increased to ¥19,563 million from ¥18,265 million year-over-year.

• Operating profit margin was 19.2%, down from 20.3% the prior year.

• Earnings per share (EPS) was ¥454.83, with a dividend per share of ¥200, including a commemorative dividend.

• Cash and cash equivalents at year-end rose to ¥16,507 million from ¥14,745 million.

• R&D expenses exceeded 10% of sales, supporting innovation and new product development.

Outlook and guidance

• 2025 sales are forecast at ¥43,780 million (+11.5% YoY), with operating profit projected at ¥8,340 million (+10.8% YoY).

• EPS is expected to rise to ¥473.37, and the dividend per share will remain at ¥200.

• Profit attributable to owners of parent is forecast at ¥6,440 million, a 4.1% increase.

• The mid-term plan targets sales of ¥51,210 million and an operating profit margin of 22.5% by 2027.