Sakata INX (4633) Q3 2024 earnings summary

Executive summary

• Net sales for FY2024 3Q reached ¥182,430 million, up 8.2% year-over-year, with operating income rising 27.8% to ¥10,939 million and net income attributable to owners of parent increasing 25.8% to ¥8,350 million.

• Comprehensive income decreased to ¥9,418 million from ¥17,412 million year-over-year, mainly due to a significant drop in foreign currency translation adjustments.

• Royalty income, previously non-operating, is now included in net sales, affecting comparability with prior periods.

Financial highlights

• Operating income margin improved to 6.0% from 5.0% year-over-year; net income margin rose to 4.6% from 3.8%.

• Earnings per share increased to ¥167.24 from ¥132.65 year-over-year.

• Total assets grew to ¥205,771 million as of September 30, 2024, with equity ratio stable at 50.6%.

• Net assets per share rose to ¥2,097.48 as of September 30, 2024.

• Gross profit increased to ¥44,189 million from ¥36,645 million year-over-year.

Outlook and guidance

• FY2024 full-year forecast remains unchanged: net sales ¥245,000 million, operating income ¥14,000 million, net income attributable to owners of parent ¥9,400 million.

• Operating income margin for FY2024 forecasted at 5.7%, with EPS expected at ¥188.61.

• Dividend for FY2024 is forecast at ¥55.00 per share, up from ¥35.00 in the previous year.