Micronics Japan (6871) Q4 2025 earnings summary

Executive summary

• Net sales for FY2025 reached ¥70,173 million, up 26.1% year-over-year, with operating profit at ¥16,542 million, a 31.6% increase year-over-year.

• Profit attributable to owners of parent was ¥12,063 million, a 36.9% increase year-over-year.

• Memory probe card sales hit record highs, driven by expanded capacity at the new Aomori plant and strong DRAM demand.

• Comprehensive income nearly doubled to ¥18,412 million, up 90.9% year-over-year.

• Segment profit for probe cards improved significantly, while the test equipment segment posted a loss due to delayed market recovery.

Financial highlights

• Q4 FY2025 net sales were ¥19,761 million, up 14.3% sequentially and 18.6% year-over-year.

• Q4 operating profit rose 40.5% sequentially and 33.4% year-over-year to ¥5,241 million.

• Net income attributable to owners in Q4 was ¥4,978 million, up 115.6% sequentially and 62.4% year-over-year.

• Dividend per share increased to ¥95, up ¥25 year-over-year.

• Gross profit increased to ¥33,804 million from ¥27,143 million year-over-year.

Outlook and guidance

• FY2026 H1 net sales forecasted at ¥43,900 million, up 32.5% year-over-year; operating profit expected at ¥12,300 million, up 62.5%.

• Profit attributable to owners of parent for H1 FY2026 projected at ¥8,200 million, up 71.7% year-over-year.

• Full-year revenue growth in FY2026 is expected to exceed the 26% growth rate achieved in FY2025.

• Probe card market projected to grow 14% year-over-year in 2026, with company revenue growth outpacing the market.

• Basic earnings per share for H1 FY2026 is forecast at ¥211.75.