Research Coverage of Japanese Listed Companies, Shared Research Inc

Shared Research

Research Coverage of Japanese Listed Companies

Shared Research Inc

Pioneering research coverage of Japanese listed companies. Now customizable and interactive for global institutional investors. Corporate access reimagined.

Equity Bottom-Up

<ul><li>Cumulative Q3 FY12/25 sales reached JPY50.4bn (+29.3% YoY), with operating profit at JPY11.3bn (+30.7% YoY). </li><li>Probe Card segment sales forecast for FY12/25 is JPY67.1bn (+25.4% YoY), with continued growth expected. </li><li>FY12/25 capital expenditures planned at JPY17.8bn (+15.3% YoY) and R&D expenses at JPY7.0bn (+36.2% YoY).</li></ul>

Cumulative Q3 FY12/25 sales reached JPY50.4bn (+29.3% YoY), with operating profit at JPY11.3bn (+30.7% YoY). Probe Card segment sales forecast for FY12/25 is JPY67.1bn (+25.4% YoY), with continued growth expected. FY12/25 capital expenditures planned at JPY17.8bn (+15.3% YoY) and R&D expenses at JPY7.0bn (+36.2% YoY).

Micronics Japan (6871 JP): Q3 FY12/25 flash update

<ul><li>1H FY12/25 sales increased 26.6% YoY to JPY33.1bn, with operating profit rising 31.3% YoY to JPY7.6bn.</li><li>The company revised its Q3 earnings forecast, lowering sales to JPY50.0bn and operating profit to JPY11.1bn.</li><li>Full-year FY12/25 sales forecast is JPY68.9bn (+23.8% YoY), with capital expenditures planned at JPY17.8bn (+15.3% YoY).</li></ul>

1H FY12/25 sales increased 26.6% YoY to JPY33.1bn, with operating profit rising 31.3% YoY to JPY7.6bn.The company revised its Q3 earnings forecast, lowering sales to JPY50.0bn and operating profit to JPY11.1bn.Full-year FY12/25 sales forecast is JPY68.9bn (+23.8% YoY), with capital expenditures planned at JPY17.8bn (+15.3% YoY).

Micronics Japan (6871 JP): 1H FY12/25 flash update

<ul><li>Q1 FY12/25 sales increased 19.8% YoY to JPY14.1bn, with operating profit at JPY2.9bn, up 13.9% YoY.</li><li>Revised FY12/25 forecast: Sales JPY31.6bn, operating profit JPY7.7bn, recurring profit JPY7.6bn, net income JPY5.3bn.</li><li>Cumulative Q3 FY12/25 forecast: Sales JPY51.0bn, operating profit JPY12.4bn, recurring profit JPY12.2bn, net income JPY8.5bn.</li></ul>

Q1 FY12/25 sales increased 19.8% YoY to JPY14.1bn, with operating profit at JPY2.9bn, up 13.9% YoY.Revised FY12/25 forecast: Sales JPY31.6bn, operating profit JPY7.7bn, recurring profit JPY7.6bn, net income JPY5.3bn.Cumulative Q3 FY12/25 forecast: Sales JPY51.0bn, operating profit JPY12.4bn, recurring profit JPY12.2bn, net income JPY8.5bn.

Micronics Japan (6871 JP): Q1 FY12/25 flash update

Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Memory names with high exposures to Micon such as Micronics will be back in focus.  </li>
<li>Microsoft paying overs for stable nuclear energy should put the spotlight back onto UPS and help lift Fuji Electric once again. </li>
<li>Capcom's Monster Hunter Wilds looks fully priced and with the TGS about to come and go this this weekend, further catalysts are lacking with the stock close to ATH. </li>
</ul>


Memory names with high exposures to Micon such as Micronics will be back in focus.  
Microsoft paying overs for stable nuclear energy should put the spotlight back onto UPS and help lift Fuji Electric once again. 
Capcom's Monster Hunter Wilds looks fully priced and with the TGS about to come and go this this weekend, further catalysts are lacking with the stock close to ATH. 


Japan Morning Connection: Memory Related in Focus After Knock-Out Numbers for Micron.

<ul>
<li>Intel reportedly producing chips for Apple should also help Ibiden.</li>
<li>Kioxia shakes off Bain selling although there looks to be plenty of upside yet after recent correction.</li>
<li>China tensions simmer further over the w/e positive for defense, negative for tourism related.</li>
</ul>


Intel reportedly producing chips for Apple should also help Ibiden.
Kioxia shakes off Bain selling although there looks to be plenty of upside yet after recent correction.
China tensions simmer further over the w/e positive for defense, negative for tourism related.


Japan Morning Connection: Strong Month-End for Tech Sets Japan up for a Solid Start to Dec

Japan

MICRONICS JAPAN CO., LTD. designs, manufactures, and markets probe cards, which are used to inspect semiconductors and integrated circuits (ICs).  The Company also makes wafer probers, probe card testers, IC handlers, and inspection devices used for liquid crystal display (LCD) manufacturing.

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Micronics Japan (6871 JP)