MICRONICS JAPAN CO.,LTD., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 3.3 times, July-September Ordinary Profit Increases by 2.7 times

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Mon Nov 11, 2024 3:30 pm JST Earnings

6871 MICRONICS JAPAN CO.,LTD. 【J-GAAP】

Earnings Report

MICRONICS JAPAN CO.,LTD. <6871> [TSE-P] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) surged by 3.3 times that of the same period last year, reaching 9 billion yen. The progress rate against the 11.7 billion yen full-year plan was 76.9%, also surpassing the three-year average of 64.4%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to decrease by 8.2% from the same period last year to 2.69 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit surged to 2.7 times that of the same period last year, reaching 3.19 billion yen. The operating profit margin jumped from 10.7% in the same period last year to 22.5%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	30,135	6,302	7,107	4,447	115.6	68.2	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	25,522	2,663	2,736	1,736	45.0	48.2	Nov 13, 2023	J-GAAP
Jan - Sep, 2024	38,983	8,643	9,003	5,746	148.9	76.9	Nov 11, 2024	J-GAAP
YoY	+52.7%	+224.6%	+229.1%	+231.0%	+230.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	21,307	3,562	4,106	2,984	77.4	33	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	28,829	5,836	5,894	4,615	119.6	65	Aug 9, 2024	J-GAAP
YoY	+35.3%	+63.8%	+43.5%	+54.7%	+54.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	44,321	9,225	10,423	7,530	195.7	59	Feb 14, 2023	J-GAAP
Dec, 2023	38,292	5,312	5,675	4,127	107.0	33	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	55,000	11,600	11,700	8,300	215.1	65	Aug 9, 2024	J-GAAP
YoY	+43.6%	+118.4%	+106.2%	+101.1%	+101.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	8,537	913	1,167	593	15.4	10.7	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	12,770	2,649	2,939	2,391	62.0	20.7	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	11,794	2,508	2,405	1,271	33.0	21.3	May 13, 2024	J-GAAP
Apr - Jun, 2024	14,377	3,256	3,401	2,414	62.6	22.6	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	12,812	2,879	3,197	2,061	53.4	22.5	Nov 11, 2024	J-GAAP
YoY	+50.1%	+215.3%	+174.0%	+247.6%	+247.3%