Meiko Electronics (6787) Q4 2025 earnings summary

Executive summary

• Net sales increased 15.2% year-over-year to ¥206.8 billion in FY2024, with a forecast of ¥213.0 billion for FY2025, up 3.0%.

• Operating income rose 63.7% year-over-year to ¥19.1 billion in FY2024, with a 4.8% increase forecasted for FY2025.

• Net income attributable to owners of parent grew 32.0% year-over-year to ¥14.9 billion in FY2024, with a forecast of ¥15.5 billion for FY2025, a 3.9% increase.

• Comprehensive income for the year was ¥18.8 billion, up 31.5% year-over-year.

• Basic earnings per share increased to ¥569.47 from ¥428.70 year-over-year.

Financial highlights

• Total assets reached ¥256.4 billion, and net assets were ¥115.6 billion as of March 31, 2025.

• Cash flows from operating activities were ¥21.7 billion, with cash and cash equivalents at period end of ¥22.9 billion.

• Annual dividend per share increased to ¥88.00, with a payout ratio of 15.5%.

• Average FX rate was JPY/USD 152.57 in FY2024, compared to 145.31 in FY2023.

Outlook and guidance

• FY2025 net sales are projected to grow 3.0% to ¥213.0 billion, with operating income forecasted to rise 4.8% to ¥20.0 billion.

• Net income is expected to increase 3.9% to ¥15.5 billion, and net income per share to ¥591.78.

• Dividend forecast for FY2026 is ¥90.00 per share.