Micronics Japan (6871) Q3 2024 earnings summary

Executive summary

• Net sales for the nine months ended September 30, 2024, rose 52.7% year-over-year to ¥38,983 million.

• Operating income for the nine months was ¥8,643 million, up 224.5% year-over-year.

• Net income attributable to owners was ¥5,746 million, up 230.9% year-over-year.

• Comprehensive income for the period reached ¥6,547 million, up from ¥2,504 million a year earlier.

• Q3 net sales were ¥12,812 million, up 50.1% year-over-year but down 10.9% sequentially.

Financial highlights

• Gross profit for the nine months was ¥18,859 million, up from ¥11,079 million year-over-year.

• Ordinary profit rose 228.9% year-over-year to ¥9,003 million.

• Diluted earnings per share for the period were ¥148.92, compared to ¥45.02 a year earlier.

• Total assets increased to ¥68,338 million as of September 30, 2024, from ¥55,849 million at year-end 2023.

• Net assets grew to ¥46,546 million from ¥41,200 million at year-end 2023.

Outlook and guidance

• Full-year FY12/2024 net sales forecast remains at ¥55,000 million, a 43.6% increase year-over-year.

• Operating income forecast is unchanged at ¥11,600 million, up 118.4% year-over-year.

• Net income forecast is ¥8,300 million, up 101.1% year-over-year.

• Full-year earnings per share forecast is ¥215.11.

• Dividend forecast is ¥65 per share, nearly double the previous year.