Menicon Company (7780) investor relations material

Executive summary

• Net sales rose 2.6% year-over-year to JPY 93,932 million, driven by strong demand for daily disposable (1-DAY) contact lenses, price revisions, and global expansion.

• Operating profit increased 5.0% to JPY 8,999 million, with effective SGA control despite higher investments for growth.

• Profit attributable to owners of parent grew 24.1% to JPY 6,348 million.

• Comprehensive income reached JPY 12,188 million, up 44.5% year-over-year.

• Ordinary profit surged 15.5% to JPY 9,465 million, mainly due to foreign exchange gains.

Financial highlights

• Gross profit increased to JPY 50,867 million; gross margin improved to 54.2%.

• Operating profit margin rose to 9.6%; EBITDA margin to 17.6%.

• EBITDA grew 12.7% to JPY 16,514 million.

• Basic earnings per share rose to JPY 84.67 from JPY 67.35 year-over-year.

• Equity-to-asset ratio improved to 48.1%; total assets reached JPY 193,910 million.

Outlook and guidance

• Full-year net sales forecast is JPY 125,000 million (+2.9% year-over-year); operating profit forecast is JPY 10,200 million (+1.9%).

• Profit attributable to owners of parent is forecast at JPY 5,800 million, up 3.6% year-over-year.

• SGA investment and one-time expenses expected in 4Q, with Malaysia Plant operation costs to be recorded.

• No change to consolidated financial results forecast; progress rates for key segments are generally on track.