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MICRON MACHINERY CO., LTD., Last Fiscal Year Ordinary Profit Revised Downward by 6%, Dividend Revised Upward by 1.3 yen

Thu Oct 10, 2024 3:10 pm JST Revision

6159 MICRON MACHINERY CO., LTD. 【J-GAAP】

Guidance Update Report

MICRON MACHINERY CO., LTD. <6159> [TSE-S] announced a revision to its performance and dividend after the market closed on October 10th (15:10). The consolidated ordinary profit for the fiscal year ending August 2024 has downwardly by 5.6%, from the previous forecast of 808 million yen to 763 million yen (compared to 1.16 billion yen in the previous period), leading to an increase in the profit decline rate from 30.3% to 34.2%.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the March to August period (second half) consolidated ordinary profit has downwardly by 11.3%, from the previous forecast of 397 million yen to 352 million yen (compared to 1.16 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 66.0% to 69.9%.

At the same time, the company has increased its planned year-end lump-sum dividend for the last fiscal year from the original plan of 7.5 yen to 8.8 yen (compared to 7.5 yen in the previous period).

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Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Prev 3,447 412 397 283 57.6 7.50 Apr 11, 2024 J-GAAP
Mar - Aug, 2024 New 2,748 394 352 208 37.6 8.80 Oct 10, 2024 J-GAAP
Revision Rate -20.3% -4.4% -11.3% -26.5% -34.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2024 Prev 5,398 400 808 559 113.8 7.50 Oct 13, 2023 J-GAAP
Aug, 2024 New 4,699 382 763 484 87.4 8.80 Oct 10, 2024 J-GAAP
Revision Rate -12.9% -4.5% -5.6% -13.4% -23.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2023 3,122 450 1,169 892 149.3 7.50 Oct 13, 2023 J-GAAP
Mar - Aug, 2024 Guidance 2,748 394 352 208 37.6 8.80 Oct 10, 2024 J-GAAP
YoY -12.0% -12.4% -69.9% -76.7% -74.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2022 5,201 377 1,818 1,226 204.1 8 Oct 12, 2022 J-GAAP
Aug, 2023 5,181 445 1,160 868 145.3 7.50 Oct 13, 2023 J-GAAP
Aug, 2024 Guidance 4,699 382 763 484 87.4 8.80 Oct 10, 2024 J-GAAP
YoY -9.3% -14.2% -34.2% -44.2% -39.8%

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