Tazmo (6266) Q4 2024 earnings summary

Executive summary

• Net sales increased by 27.4% year-over-year to ¥35,865 million, and net income rose 80.2% to ¥4,247 million for FY2024.

• Operating profit rose 61.9% to ¥5,917 million, and ordinary profit grew 54.2% to ¥5,998 million.

• Growth was driven by strong performance in semiconductor and surface treatment equipment segments, supported by past orders and robust demand for advanced packaging equipment.

• Most inspection and capital investment delays were resolved within the fiscal year.

• Comprehensive income reached ¥4,788 million, up from ¥2,694 million in the previous year.

Financial highlights

• Gross profit increased from ¥8,558 million to ¥11,855 million year-over-year.

• Earnings per share rose to ¥289.94 from ¥161.34 year-over-year.

• Equity ratio improved to 49.1% from 41.7% year-over-year.

• Cash and cash equivalents at year-end totaled ¥9,733 million, up from ¥6,771 million.

• Operating profit margin reached a record high of 16.5%.

Outlook and guidance

• FY2025 net sales estimated at ¥41,000 million (+14.3% YoY); operating income forecast at ¥5,000 million.

• Net income attributable to owners projected at ¥3,500 million; earnings per share forecast at ¥238.92.

• Dividend per share forecasted at ¥34.0, with a payout ratio of 14.2%.

• Capex and R&D expenses expected to increase in FY2025.

• Operating profit is expected to decrease by 15.5%, and profit attributable to owners of parent is forecast to decline by 17.6%.