Hirose Electric (6806) Q4 2024 earnings summary

Executive summary

• Revenue rose 14.4% year-over-year to JPY 189,420 million, driven by strong performance in smartphone, consumer, and automotive markets, despite ongoing uncertainty in global economic conditions.

• Operating profit increased 25.4% to JPY 42,672 million, and profit attributable to owners of parent grew 24.7% to JPY 33,033 million.

• Major investments included new facilities in Japan and Korea to enhance development and production capabilities.

Financial highlights

• Gross profit improved to JPY 85,372 million from JPY 72,497 million year-over-year.

• Basic and diluted earnings per share rose to JPY 976.33 from JPY 772.38 and JPY 772.33, respectively.

• Total comprehensive income declined to JPY 21,450 million from JPY 41,404 million, mainly due to negative foreign currency translation effects.

• Total assets increased to JPY 416,866 million, and total equity attributable to owners of parent reached JPY 370,147 million.

Outlook and guidance

• Fiscal year ending March 31, 2026, forecasts: revenue of JPY 191,000 million (+0.8% YoY), operating profit of JPY 38,500 million (-9.8% YoY), and profit attributable to owners of parent of JPY 28,000 million (-15.2% YoY).

• Assumes no major disruptions to global economic or supply chain activities; expects continued strength in smartphone, consumer, and automotive markets, with industrial market recovery.