Hosokawa Micron (6277) Q2 2025 earnings summary

Executive summary

• Net sales for the interim period ended March 31, 2025, were ¥38,477 million, down 7.2% year-over-year, with operating profit at ¥3,573 million, down 5.4% year-over-year.

• Bookings for powder processing and blown film businesses remained stable year-over-year, but overall profits declined due to a 12.2% YoY drop in powder processing net sales.

• Profit attributable to owners of parent rose 10.5% year-over-year to ¥2,691 million, reaching a record high for the first half.

• Comprehensive income for the interim period was ¥3,701 million, down 8.2% year-over-year.

Financial highlights

• Consolidated bookings: ¥40.9 billion, down 0.6% YoY; net sales: ¥38.5 billion, down 7.2% YoY.

• Gross profit for the interim period was ¥13,446 million, with a gross margin of 35%.

• Operating profit: ¥3.57 billion, down 5.4% YoY; net income: ¥2.69 billion, up 10.5% YoY.

• Operating profit margin was 9.3% for the interim period; net profit margin was 7.0%.

• Foreign exchange effects contributed about 1% to bookings, net sales, and operating profit.

Outlook and guidance

• Full-year forecast for fiscal 2025 projects net sales of ¥83,000 million, operating profit of ¥6,500 million, and profit attributable to owners of parent of ¥5,100 million.

• Earnings per share for the full year are forecast at ¥344.96.

• 1H progress rates: net sales 46.4%, operating profit 55.0%, net income 52.8%.

• Annual dividend forecast is ¥120 per share, unchanged from the previous year.