Micronics Japan (6871) Q4 2024 earnings summary

Executive summary

• Achieved record-high performance in probe card business for both Q4 and full year, driven by strong memory probe card sales and expanded adoption in automotive semiconductors.

• Net sales rose 45.3% year-over-year to ¥55,643 million for the year ended December 31, 2024, with operating profit up 136.7% to ¥12,572 million and profit attributable to owners of parent up 113.5% to ¥8,811 million.

• Comprehensive income increased to ¥9,647 million from ¥4,850 million year-over-year, reflecting strong operational and financial performance.

Financial highlights

• Q4 net sales: ¥16,659 million, up 30.0% YoY and 30.5% QoQ; full-year net sales: ¥55,643 million, up 45.3% YoY.

• Q4 operating income: ¥3,928 million, up 36.5% QoQ and 48.3% YoY; full-year operating income: ¥12,572 million, up 136.7% YoY.

• Q4 net income attributable to owners: ¥3,065 million, up 48.8% QoQ and 28.2% YoY; full-year net income: ¥8,811 million, up 113.5% YoY.

• Gross profit for the year rose 58.8% YoY to ¥27,143 million.

• Dividend per share increased to ¥70, up ¥37 YoY.

Outlook and guidance

• FY2025 H1 net sales forecast: ¥33,600 million, up 28.4% YoY; operating income forecast: ¥7,500 million, up 30.1% YoY.

• Proactive investments planned for production capacity and R&D, especially for new Aomori factory and probe card technology.

• FX rate assumptions: JPY 150/USD, JPY 0.11/KRW.