Hosokawa Micron (6277) Q3 2024 earnings summary

Executive summary

• Net sales for the nine months ended June 30, 2024, rose 10.9% year-over-year to ¥62,407 million, with operating profit up 18.6% to ¥5,875 million and ordinary profit up 27.3% to ¥6,607 million.

• Profit attributable to owners of parent increased 2.9% year-over-year to ¥3,960 million.

• Comprehensive income reached ¥8,159 million, up from ¥7,245 million in the prior year period.

Financial highlights

• Gross profit increased to ¥21,851 million from ¥19,136 million year-over-year.

• Earnings per share rose to ¥263.71 from ¥243.69 year-over-year.

• Total assets grew to ¥104,881 million as of June 30, 2024, from ¥97,029 million at the previous fiscal year-end.

• Net assets increased to ¥65,613 million, with an equity ratio of 62.5%.

Outlook and guidance

• Full-year net sales forecast at ¥83,000 million, up 4.4% year-over-year.

• Operating profit expected to decline 12.1% to ¥7,000 million, and profit attributable to owners of parent to decrease 21.3% to ¥4,700 million.

• Earnings per share for the full year projected at ¥312.96.

• No revisions to the previously announced forecasts.