Meiko Electronics (6787) Q2 2025 earnings summary

Executive summary

• Net sales increased 13.8% year-over-year to ¥98,157 million in FY2024 Q2, with operating profit surging 121.3% to ¥9,287 million and net income up 21.3% to ¥6,333 million.

• Ordinary profit rose 18.4% year-over-year to ¥8,005 million.

• Comprehensive income dropped 97.2% year-over-year to ¥404 million.

Financial highlights

• Operating margin improved from 4.9% to 9.5% year-over-year.

• Basic earnings per share for the six months was ¥240.78, up from ¥197.52 a year earlier.

• Total assets as of September 30, 2024, were ¥240,503 million, with net assets at ¥104,170 million.

• Equity-to-asset ratio declined to 40.3% from 42.7% at the previous fiscal year-end.

• Dividend per share increased from 27 yen to 40 yen year-over-year.

Outlook and guidance

• FY2024 full-year net sales forecast at ¥197,000 million, up 9.8% from the previous year.

• Operating profit projected at ¥19,000 million, a 62.9% increase year-over-year.

• Net income forecasted at ¥15,000 million, up 32.6% year-over-year.

• Net income per share for the full year is forecast at ¥572.44.

• Dividend per share expected to double to 80 yen for FY2024.