DISCLAIMER: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
May 13, 2025
Company name: MICRONICS JAPAN CO.,LTD.
Listing: Tokyo Stock Exchange
Securities code: 6871
URL: https://www.mjc.co.jp/en/ Representative: Masayoshi Hasegawa, President & CEO
Inquiries: Yuki Katayama, Director & Senior Executive Officer, Deputy General Manager Administration Division Telephone: +81-422-21-2665
Scheduled date to commence dividend payments: -
Preparation of supplementary material on financial results: Yes
Holding of financial results briefing: None
(Yen amounts are rounded down to millions, unless otherwise noted.)
-
Consolidated financial results for the three months ended March 31, 2025 (from January 1, 2025 to March 31, 2025)
-
Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Three months ended
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
March 31, 2025
14,124
19.8
2,857
13.9
2,902
20.7
1,673
31.7
March 31, 2024
11,794
20.7
2,508
27.1
2,405
31.3
1,271
14.8
Note: Comprehensive income For the three months ended March 31, 2025:
¥454 million
[(75.5)%]
For the three months ended March 31, 2024:
¥1,851 million
[68.3%]
Basic earnings per share
Diluted earnings per share
Three months ended
Yen
Yen
March 31, 2025
43.34
-
March 31, 2024
32.95
-
- Consolidated financial position
Total assets
Net assets
Equity-to-asset ratio
As of
Millions of yen
Millions of yen
%
March 31, 2025
81,307
48,021
59.1
December 31, 2024
79,990
49,646
62.1
Reference: Equity
As of March 31, 2025: ¥48,021 million
As of December 31, 2024: ¥49,646 million
-
Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)
-
Cash dividends
Annual dividends per share
First quarter-end
Second quarter-end
Third quarter-end
Fiscal year-end
Total
Yen
Yen
Yen
Yen
Yen
Fiscal year ended December 31, 2024
0.00
0.00
0.00
70.00
70.00
Fiscal year ending December 31, 2025
0.00
Fiscal year ending December 31, 2025 (Forecast)
-
-
-
-
Note: Revisions to the forecast of cash dividends most recently announced: None
2. The year-end dividend forecast for the fiscal year ending December 31, 2025 will be disclosed in the announcement of the financial results for the second quarter, which will announce the consolidated earnings forecast for the full fiscal year.
- Forecast of consolidated financial results for the fiscal year ending December 31, 2025 (from January 1, 2025 to September 30, 2025)
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |
Six months ending June 30, 2025 | 31,600 | 20.7 | 7,700 | 33.6 | 7,600 | 30.9 | 5,300 | 43.8 | 137.25 |
Nine months ending September 30, 2025 | 51,000 | 30.8 | 12,400 | 43.5 | 12,200 | 35.5 | 8,500 | 47.9 | 220.12 |
Note: Revisions to the earnings forecasts most recently announced: Yes
For the revision of the consolidated earnings forecast, please refer to the "Notice of Revision of Earnings Forecast" announced today (May 13, 2025).
2. The Group discloses its earnings forecasts for the next two quarters at the time of the announcement of its financial results for each quarter.
*NotesSignificant changes in the scope of consolidation during the period: None
Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None
Changes in accounting policies, changes in accounting estimates, and restatement
Changes in accounting policies due to revisions to accounting standards and other regulations: None
Changes in accounting policies due to other reasons: None
Changes in accounting estimates: None
Restatement: None
Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2025
40,025,316 shares
As of December 31, 2024
40,025,316 shares
Number of treasury shares at the end of the period
As of March 31, 2025
1,285,008 shares
As of December 31, 2024
1,434,952 shares
Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Three months ended March 31, 2025 | 38,615,347 shares |
Three months ended March 31, 2024 | 38,580,510 shares |
Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm:Yes (optional)
Proper use of earnings forecasts, and other special matters
(Cautions on forward-looking statements, etc.)
The forward-looking statements, including forecasts of financial results, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. However, the Company makes no guarantee that these forecasts will be achieved. Actual results may differ due to a variety of factors. For the conditions on which earnings forecasts are predicated and precautions for the use of earnings forecasts, please refer to Appendix P.3 "1. Summary of Operating Results, etc. (3) Explanation of Forward-Looking Information such as Consolidated Earnings Forecasts."
(Method of accessing supplementary material on financial results)
Supplementary financial results materials are scheduled to be posted on the Company's website on May 13, 2025.
Quarterly consolidated balance sheet | |||
(Millions of yen) | |||
As of December 31, 2024 | As of March 31, 2025 | ||
Assets | |||
Current assets | |||
Cash and deposits | 23,949 | 20,697 | |
Notes and accounts receivable - trade, and contract assets | 8,670 | 9,342 | |
Finished goods | 927 | 960 | |
Work in process | 5,934 | 7,963 | |
Raw materials and supplies | 2,628 | 2,393 | |
Other | 2,452 | 1,763 | |
Allowance for doubtful accounts | (25) | (10) | |
Total current assets | 44,537 | 43,110 | |
Non-current assets
Property, plant and equipment
Buildings and structures, net | 16,344 | 16,227 |
Machinery, equipment and vehicles, net | 5,671 | 8,317 |
Other, net | 7,542 | 7,938 |
Total property, plant and equipment | 29,558 | 32,483 |
Intangible assets | 1,070 | 1,031 |
Investments and other assets | ||
Investment securities | 1,886 | 1,325 |
Retirement benefit asset | 224 | 286 |
Other | 2,950 | 3,294 |
Allowance for doubtful accounts | (236) | (224) |
Total investments and other assets | 4,824 | 4,681 |
Total non-current assets | 35,452 | 38,197 |
Total assets | 79,990 | 81,307 |
(Millions of yen)
As of December 31, 2024 | As of March 31, 2025 | |||
Liabilities | ||||
Current liabilities | ||||
Notes and accounts payable - trade | 7,700 | 7,129 | ||
Short-term borrowings | 736 | 536 | ||
Accounts payable - other | 9,323 | 7,284 | ||
Income taxes payable | 3,275 | 1,700 | ||
Provision for bonuses | 1,610 | 2,515 | ||
Provision for bonuses for directors (and other officers) | 251 | - | ||
Provision for product warranties | 1,350 | 2,361 | ||
Other | 3,363 | 3,172 | ||
Total current liabilities | 27,612 | 24,699 | ||
Non-current liabilities | ||||
Long-term borrowings | 439 | 6,339 | ||
Retirement benefit liability | 2,145 | 2,159 | ||
Other | 147 | 88 | ||
Total non-current liabilities | 2,731 | 8,586 | ||
Total liabilities | 30,344 | 33,285 | ||
Net assets | ||||
Shareholders' equity | ||||
Share capital | 5,018 | 5,018 | ||
Capital surplus | 6,091 | 6,582 | ||
Retained earnings | 36,585 | 35,557 | ||
Treasury shares | (1,266) | (1,134) | ||
Total shareholders' equity | 46,429 | 46,024 | ||
Accumulated other comprehensive income | ||||
Valuation difference on available-for-sale securities | 1,141 | 751 | ||
Foreign currency translation adjustment | 1,972 | 1,152 | ||
Remeasurements of defined benefit plans | 102 | 93 | ||
Total accumulated other comprehensive income | 3,216 | 1,997 | ||
Total net assets | 49,646 | 48,021 | ||
Total liabilities and net assets | 79,990 | 81,307 |
Quarterly consolidated statement of income | (Millions of yen) | ||
Three months ended March 31, 2024 | Three months ended March 31, 2025 | ||
Net sales | 11,794 | 14,124 | |
Cost of sales | 5,971 | 6,509 | |
Gross profit | 5,823 | 7,614 | |
Selling, general and administrative expenses | 3,314 | 4,756 | |
Operating profit | 2,508 | 2,857 | |
Non-operating income | |||
Interest income | 12 | 14 | |
Rental income | 16 | 17 | |
Foreign exchange gains | - | 212 | |
Other | 19 | 7 | |
Total non-operating income | 48 | 251 | |
Non-operating expenses | |||
Interest expenses | 2 | 3 | |
Commission expenses | 5 | 203 | |
Foreign exchange losses | 144 | - | |
Other | 1 | 0 | |
Total non-operating expenses | 152 | 206 | |
Ordinary profit | 2,405 | 2,902 | |
Extraordinary income | |||
Gain on sale of non-current assets | 0 | 0 | |
Total extraordinary income | 0 | 0 | |
Extraordinary losses | |||
Loss on sale of non-current assets | 0 | - | |
Loss on retirement of non-current assets | 0 | 3 | |
Total extraordinary losses | 0 | 3 | |
Profit before income taxes | 2,405 | 2,899 | |
Income taxes - current | 1,205 | 1,340 | |
Income taxes - deferred | (71) | (115) | |
Total income taxes | 1,134 | 1,225 | |
Profit | 1,271 | 1,673 | |
Profit attributable to owners of parent | 1,271 | 1,673 |
Quarterly consolidated statement of comprehensive income | (Millions of yen) | ||
Three months ended March 31, 2024 | Three months ended March 31, 2025 | ||
Profit | 1,271 | 1,673 | |
Other comprehensive income | |||
Valuation difference on available-for-sale securities | 262 | (390) | |
Foreign currency translation adjustment | 333 | (820) | |
Remeasurements of defined benefit plans, net of tax | (15) | (8) | |
Total other comprehensive income | 580 | (1,219) | |
Comprehensive income | 1,851 | 454 | |
Comprehensive income attributable to | |||
Comprehensive income attributable to owners of parent | 1,851 | 454 |